When camping here at Yosemite National Park*, you quickly realize that there is one basic product here that has never changed: nature. Mortgage products, however, are always shifting and changing. How’s your adjustable-rate mortgage offering, and training, for LOs? The ARM share of applications last week reached nearly 8 percent. Builder business is another segment always of interest to lenders and vendors, and today’s TMC “Rundown” at noon PT features Robert Dozier with Palmetto Citizens discussing builder business, a credit union building out its mortgage presence, and what it was like being in the room with the team putting together the housing related statements for Biden’s State of the Union address. (Found here, this week’s podcasts are sponsored by Essex Mortgage. Essex specializes in providing exceptional mortgage subservicing solutions tailored to meet your specific needs. Looking to capitalize on your excess servicing strip? Check out Essex’s servicing offerings today! Hear an interview with originator Josh Mettle on the massive changes that are coming in July with the buyer-agent commission issue.) * (I am only bragging a little: sleeping on the ground and then getting up at 4AM to send this out with a flashlight from a tent sitting Indian style is no picnic. It is amazing to me that I have internet while surrounded by granite mountains.) Lender and Broker Products, Software, Services “Are you struggling with scratch and dent loans or small MSR pools? This is our sweet spot at PR Mortgage Investment. We specialize in transforming challenges into opportunities for Independent Mortgage Bankers. Let us turn your unsellable loans and underappreciated servicing into cash. Contact Shane O’Dell or call 602-402-1599 to ensure you receive the fair bids your portfolio deserves.”
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