One Real Mortgage launched a new compensation and stock awards program for loan officers. The goal is to “reward entrepreneurial excellence,” the company said in a press release, allowing LOs to build wealth and passive income while benefiting from One Real’s growth. “In today’s competitive market, loan officers are not just employees — they’re entrepreneurs….
Financial fitness and homeownership platform FinLocker will cover 100% of verification costs for consumers using lenders’ FinLocker-powered apps. That could mean up to $280 in savings for the loan origination process, company leaders say. Verification of income, employment, and assets is a costly step that is getting more expensive over time. FinLocker says it will…
Dark Matter unveiled another loan origination system, NOVA LOS, under its brand. The move allows Dark Matter to accommodate a diverse range of business models, with two distinct systems available. Where Empower is designed for lenders looking to scale, NOVA is a reliable, lower-cost solution that works well for small lenders needing minimal administrative overhead….
90-Day Sales Manager launched the first mortgage CRM with built-in coaching and accountability, the company says. The platform, Accountable, is designed for mortgage teams at credit unions and community banks, and provides a 3-in-1 solution that helps LOs stay productive. LOs can take advantage of daily activities and goal-setting to stay sharp and on the…
Crystal Stanton has joined Mortgage Machines Services to manage customer success and onboarding, the company announced in a press release. “It is a great opportunity to join Mortgage Machine and lead its customer success initiative during this exciting period of growth,” said Stanton. “I am eager to apply my background in customer success and within the…
More than half of all mortgage professionals are living paycheck to paycheck, contending with rising inflation and a cooling market. Everee, a payroll tech company, surveyed 314 commission-based mortgage professionals. Of the respondents, 31% said they plan to leave the industry in the next year. An additional 15% aren’t sure if they’ll stay in the…
Wilmington, NC-based MC Mortgage Group is joining mortgage platform UMortgage, the company announced. MC Mortgage serves homebuyers in North and South Carolina. The company was named MPA Top Employer and Lender and Wilmington Cape Fear Home Builder’s Association’s Lender of the Year in 2021. The company was founded in 2005 by President Patrick Stoy, a…
Just days ago, Inlanta Mortgage seemed poised to go under due to declining homebuyer demand. The Wisconsin-based company operates in 27 states. Leaders there announced plans to close next year, starting the winding down process immediately. The company cited “the dramatic and unanticipated drop in mortgage product demand” for its demise. In a letter to…
This Halloween, mortgage brokers have more to fear than your typical ghosts and ghouls. Some economists say the market is rebalancing, while others say the housing slowdown is more severe than a correction. “Last year, sellers could seemingly list their home at any price and see multiple offers roll in above list price within days,”…
Staircase launched a new application programming interface that allows lenders and servicers to embed automated underwriting technology into their applications and sync to their point of sale (POS) and loan origination systems (LOS). The interface gives lenders an option besides the technology included in most POS and LOS products. The standard fare is equipped with…
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