Mortgage executives recommend frequent communication and annual in-person meetings to help staff overcome burnout challenges.

Employers are increasingly offering downpayment assistance programs as a way to boost employee recruitment and retention.

Waterstone Financial relents on defense against poaching allegations; Mr. Cooper takes loss on sale of Flagstar’s third-party originations unit; legal expenses rise at Mr. Cooper.

MBA increases odds of a recession within next 12 months; new tools to verify employment, income; downpayment size increases in 2024; new proposals from MISMO; lender raises funds; Cardinal offers processing for brokers; new hire at Nationwide Mortgage Bankers.

Economic uncertainty will require mortgage companies to be more flexible in how they scale their operations.

Lenders are planning to take a more hands-on approach in 2025 due to the purchase-heavy environment expected this year.

A more challenging housing market has led more homebuyers to seek guidance from loan officers, according to a new J.D. Power survey.

Outsourcing mortgage fulfillment services could be a cost-effective way for originators to increase volume without significantly adding staff.

Six of the top 10 significant defects in loans acquired by Fannie Mae in the first quarter of this year weren’t on the list in the last quarter of 2023. Income calculation, though remained at the top of the list.

Outsourcing underwriting tasks to offshore contractors can help reduce production costs for mortgage lenders, according to an executive at Verity Global Solutions.