The startup is emphasizing its “user-friendly digital” loan process…

Barry Habib of MBS Highway told us the Dow will hit 20,000 and then around mid-January stocks will pull back but “not crash.”

PHH had been subservicing the loans for HSBC and the new owner of the MSRs had opted to bring the loans inhouse instead of using PHH…

If rates don’t improve in the next few months, one area where lenders will try to save money is on loan officer compensation...

Lenders should never make unrealistic promises when recruiting loan officers, said one webinar panelist…

Usually, when a lender consolidates sales units, a certain amount of workers are let go...

With rates at the highest they’ve been in 27 months, mortgage lenders have to make sure they keep their costs as low as possible to be competitive. At the same time, they have to retain and attract the most productive loan officers, while still staying within the bounds of the loan originator compensation rule from the Consumer Financial Protection Bureau. During a webinar sponsored by Inside Mortgage Finance this week, Paul Hindman, managing director at Grid Origination Services, said loan officer recruiting is not just about the Benjamins. “In no particular order, should they decide to explore, loan officers will evaluate and compare the following when assessing the right model match: company brand and culture ([including] mission, vision and values); compensation clarity, [and] loan products and consistent rates/pricing,” he said. Also important are...

Spector will report to Kurland, who founded the PennyMac family of companies in 2008, two years after being forced out of Countrywide Financial Corp.

At least four names have surfaced for the FHA job in the Trump administration...

However, some nonbank executives feel that with originations expected to decline in 2017, it may time to cut back on compensation paid to LOs.