Fee Collection, Insurance Rpt., Jumbo, Automation Products; Training and Webcasts; Condo Blacklist?

The calendar pages flip. We’re in mortgage conference season again in hotels around the nation, and why not have a little fun leaving your quarters (especially when the hotel room is registered under someone else’s name, cuz you probably won’t be welcomed back)? Yes, time flies. It’s been two years since Silicon Valley Bank declared bankruptcy, leading plenty of pundits to suggest the U.S. banking system was going to crumble. Of course, they were wrong, and our banking system did not crumble because of it, which is certainly a good thing. But in terms of crumbling, remember when Florida’s Surfside Condos collapsed four years ago? In condo selling and financing news, the talk is about “the blacklist maintained by Fannie Mae and includes condo associations that the mortgage finance giant thinks don’t have adequate property insurance or need to make critical building repairs… According to lenders and real-estate agents, Fannie Mae greatly expanded the list after the condo collapse killed 98 people. Compounding the problem, a nationwide insurance crisis is making it more expensive for condo associations to afford adequate coverage.” (Today’s podcast can be found here and this week’s is sponsored by CoreLogic. Whether it’s using cash to purchase a home, debt consolidation, or a straight cash-out refinance, CoreLogic’s Precision Marketing’s data-driven insights pinpoint your best opportunities to retain and recapture your clients. Today’s has an interview with Experian’s Ken Tromer and Ted Wentzel on why price transparency is important in the verification process, and how Experian Verify ensures it.)
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