Real Wallet’s checking accounts holding $45 million represents a meaningful expansion of the firm’s retail deposit base and signals widening consumer acceptance of its digital checking product. For mortgage market participants, the accumulation of retail deposits is notable because it creates an internally-generated source [...]
Kentucky broker's 5% deposit promise and delayed funding raised money-laundering red flags for private lenders, prompting tighter due diligence. Compliance
A federal case filed by Washington state has survived a procedural hurdle that would preserve antitrust and consumer claims against industry defendants if the court’s order remains intact. The ruling keeps core allegations alive for further litigation, opening the door to additional pleadings, discovery [...]
Referral Central enables agents to publish clear, searchable statements of their areas of expertise, creating a structured way for colleagues to identify appropriate referral partners. By surfacing specialties within agent profiles, the platform reduces search friction and helps channel client needs to professionals with [...]
Recent reporting shows a notable rebalancing within the reverse-mortgage market: Home Equity Conversion Mortgage (HECM) volume dropped to $880 million while private-label reverse mortgages reached $1.2 billion. The divergence underscores a migration of origination and investor interest away from the government-insured HECM channel toward [...]
TransUnion and Bankrate integration adds personalized lender offers to Credit Essentials, creating a new borrower-acquisition channel for private lenders.
Mortgage lenders often assume that automation and AI will materially lower origination costs, but those outcomes depend on a clear accounting of how much expert attention each loan consumes. Without granular measurement of underwriting judgment, exception handling, pricing overrides and other high-touch activities, AI [...]
Private lenders: case study of a banker-turned-builder highlights how risk tolerance and assumed returns shape underwriting, pricing and portfolio outcomes
Higher rates shift markets toward buyers, boosting buyer leverage and trimming a fixed-budget buyer's buying power by $22,000 - private lenders: note soon.
Industry findings underscore that retaining mortgage originators and support staff demands a strategy that goes well beyond monitoring sales figures and tweaking commission plans. Compensation remains essential, but firms that treat pay as the primary retention lever often see short-lived production gains and recurring [...]
