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Aug. 30: Fraud is fraud is fraud... the WSH weighs in; third-party provider updates; a fine made-up Ghandi tale
If you think originating a mortgage is complicated, try combining water rights, politics, and extinction. The nation of Azerbaijan is...
Rob Chrisman
Aug 31
Aug. 29: Sales manager job; Loan calculator and verification tools; Event calendar; Insurance costs; Mortgage Banking Bound interview
“The hardness of the butter is proportional to the softness of the bread.” Proportionality is important, whether in a restaurant or in a...
Rob Chrisman
Aug 29
Aug. 28: New jobs; Tools for lenders and brokers; Homebuyer survey interview; Government programs; CFPB rule making
“Remember how when you were little you could just rip off your diaper and run around naked and everyone thought it was so cute and funny?...
Rob Chrisman
Aug 28
Aug. 27: Cost to originate; Automatic lender, custom software; Disaster news; Mr. Cooper acquisition; Fed independence
I was today years old when I realized that the shovel was literally a groundbreaking invention. The best ads and marketing focus on rates...
Rob Chrisman
Aug 27
Aug. 26: LO Comp; Fannie ticket, custom software, job board; Stratmor CX, industry events; Trump shapes the Fed
There are some “big-hitters” in the mortgage, finance, and housing world who will tell you that the Trump Administration’s plan to sell...
Rob Chrisman
Aug 26
Aug. 25: Compliance job; retention, warp drive, events postings; ICE mortgage performance; Powell speech
“I received a thesaurus in the mail today, but when I opened it all the pages were blank. I have no words to describe how angry I am.”...
Rob Chrisman
Aug 25
Aug. 23: LOs look at both sides; Role of the Federal Reserve; GSEs and Army Corps of Engineers; Saturday Spotlight: Moder
Our business is full of people who a) like numbers, b) drive places, and c) have kids that ask lots of questions like, “Why is the speed...
Rob Chrisman
Aug 23
Aug. 22: Jobs galore; Innovative products, retention, Marketplace; Fair lending litigation; Powell speech
A few years back someone told me, “Two lenders merging in this environment is like two drunks outside a bar holding each other up.” That...
Rob Chrisman
Aug 22
Aug. 21: LO Comp; CD webinar, API integrations, and customer pipelines; mortgage fraud accusations; Treasury buyer profiles
“A dog accepts you as the boss. A cat wants to see your resume.” There were some job seekers last week at the Western Secondary, but it...
Rob Chrisman
Aug 21
Aug. 20: Finance jobs; Broker services, HELOC, best practices, debt tools; Voice of the Industry; MBA applications
“I asked a German girl if Germans are afraid of numbers. She said 9!” Numbers make up the bond market, and a steeper yield curve (the...
Rob Chrisman
Aug 20
Aug. 19: AE jobs; Cap. mkts. class, AI, SOC, credit union, home equity tools; LOs & the HELPER Act; STRATMOR & verification trends
Apologies first! Yesterday I mistakenly wrote, “ARMs now account for nearly 50 percent of applications…” Thank you again to those who...
Rob Chrisman
Aug 20
Aug. 18: U/W, AE, LO jobs; PPE, credit, compliance, QC tools; events, webinars, & training; why the ARMs market?
As I type this, I’m at the doctor’s office, and some guy a few seats over is booing all the names being called that aren’t his. Do you...
Rob Chrisman
Aug 18
Aug. 16: Thoughts on the CFPB's future; Homebuyer study; Vendor news incl. AI glossary; Saturday Spotlight: LicensingStore
Two questions on a summer Saturday, besides can President Donald Trump dismantle the Consumer Finance Protection Bureau without Congress...
Rob Chrisman
Aug 16
Aug. 15: AE, LO jobs; Borrower navigation & retention products; Strong non-QM investor demand; Econ news & predictions; Ginnie growth
“The difference between me and Superman is that he has super vision. I require supervision.” We’re halfway through the third quarter:...
Rob Chrisman
Aug 15
Aug. 14: U/W, LO jobs; Loan trading, fee cure, VA IRRRL, UAD 3.6 tools; Ginnie (FHA & VA) issuance rising
“I somehow managed to make it through high school math while only being able to remember even numbers. What are the odds?!” As the...
Rob Chrisman
Aug 14
Aug. 13: Non-QM AE, broker jobs; TBA trading, servicing, DPA, HELOC products; CFPB & regulations shifting... GA did what? ARMs are here!
I received this note from Dallas. “I like ‘dillos, but I don’t support giving them guns because... I would never armadillo.” Speaking of...
Rob Chrisman
Aug 13
Aug. 12: LO jobs; Variable rate HELOC, fraud, marketing tools; LOs should educate borrowers; Inflation data as expected; ARM market ahead?
“Nothing refreshes my memory about what I need at the grocery store like coming home from the grocery store.” Remember adjustable-rate...
Rob Chrisman
Aug 12
Aug. 11: AE jobs; JV capital wanted; Non-del, compliance, 5/1 ARM, digital asset regulation tools; FHA, VA, USDA news
About 25 miles to the north of the California MBA’s Western Secondary, a mobile robotic microfactory is building fire-resistant homes in...
Rob Chrisman
Aug 11
Aug. 9: Opinions on BLS firing and flood risk; SRO & BNPL updates; Vendor product news; Saturday Spotlight: MortgageRight
“Be careful out there. I lost $5 million dollars investing in a bogus company that claimed to be planning to produce life-like sized...
Rob Chrisman
Aug 11
Aug. 8: Bank LO/mgt. jobs; 2nds, HELOC, warehouse products; Better.com earnings; upcoming in-person events; AI & threatened jobs
People gearing up for the Western Secondary in Southern California see that “technology” is on the agenda. (Of course, it is always on...
Rob Chrisman
Aug 8
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