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Home » Topics » IMFnews » Personnel

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Some Publicly Traded Lenders Move to Cut Costs

December 3, 2021
Paul Muolo
Personnel costs are something to keep an eye on in the waning months of the largest refi boom ever...
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GR’s $2 Billion-a-Year Loan Officer. How He Did It…

December 3, 2021
Sam Manas
One consultant estimated that Banosian must have a team of at least 200 people around him...
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Fannie Goes Inhouse and Names a New CFO

December 2, 2021
Dennis Hollier
Controller Chryssa Halley to run financial team at the mortgage giant.
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FHA, Ginnie Mae Still Waiting for Senate-Confirmed Leadership

December 2, 2021
Monica Hogan
A full Senate vote on Julia Gordon’s nomination as FHA commissioner could slip into 2022, while the Senate Banking Committee could vote on Alanna McCargo’s nomination as Ginnie Mae president this week.
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Short Takes: loanDepot Falls Below $5.00 / Cash-out Refis to the Rescue? / The ‘Oldest’ Mortgage Stock? / Guaranteed Rate’s $40 Million Man?

November 29, 2021
Paul Muolo
A GR LO cracks the $2 billion mark in originations. Are there others out there?
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CFPB Seeks Tech Talent to Match Private Sector

November 24, 2021
Sam Manas
Highlighting how algorithmic bias was leading to new, harder-to-detect digital redlining, Chopra said, “We need to make sure we have the skill sets in house"...
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Does the CFPB Have a ‘Revolving Door’ Problem?

November 23, 2021
Sam Manas
If former bureau attorneys are found engaging in violations, the CFPB said it will “make referrals to state licensing bodies and bar associations that may wish to consider disciplinary proceedings.”
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Wells Fargo Looking for a New Correspondent Chief

November 17, 2021
Paul Muolo
At midyear, Wells had $34.5 billion of correspondent acquisitions, ranking third in the channel...
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Humans Over Robots? Survey Finds Borrowers Prefer In-Person Closings

November 16, 2021
Sam Manas
Some 62% of mortgagors said they preferred a mobile notary when they closed...
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Loan Officers Earning Less Money These Days

November 12, 2021
Monica Hogan
On average, LOs facilitated 32% less refi volume in the third quarter, with $900,000 in refi production per month.
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