The president’s club

These clubs are typically reserved for the best of the best, the LOs who deliver tens of millions of dollars in mortgage loans.

Hello, LOs!    Today I'd like to talk about the various Presidents Clubs across the industry. These clubs are typically reserved for the best of the best, the LOs who deliver tens of millions of dollars in mortgage loans and hundreds of housing units to lenders. The reward? Hobnobbing with other top producers, lapping up leads and getting a sweet, paid vacation in like, Acapulco. But last year was an odd – but not necessarily a lonely – one at the President's Club.  The crazy volumes of 2020 made a lot of LOs who normally didn't produce those kinds of numbers eligible (plus, no Acapulco). As a consequence, I've heard that some lenders have moved the goalposts considerably in 2021.    So, LOs – what are the qualifications at your President's Club? Hit me up anonymously at jkleimann@housingwire.com.    James Kleimann Managing Editor, HousingWire How wild lumber prices have crippled homebuilders   The spread of COVID-19 in 2020 led to the shutdown of lumber mills across the country. By the end of the 2020, lumber prices had soared 140%. HW+ Premium Content Candor CEO on robot underwriters & the future of mortgage   Candor CEO Thomas Showalter sits down with HousingWire to talk about automated mortgage underwriting and the future of the mortgage industry. HW+ Premium Content Excelerate Capital Expands Nationwide with Castle Mortgage Acquisition Excelerate Capital announced its acquisition of Castle Holdings effective February 1, 2021.  The acquisition of Castle expands Excelerate Capital's origination footprint nationwide and positions itself as a direct Fannie Mae, Freddie Mac and Ginnie Mae Seller/Servicer. Learn More! Sponsor Content How online auctions deliver on the promise of pre-foreclosure sales   The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace. Presented by Auction.com Fannie Mae execs see path to exit conservatorship   Executives at Fannie Mae, the largest mortgage financier in the U.S., spoke of a path out of conservatorship as the GSE's net worth swelled to $25B in 2020. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039, (469) 893-1480 Unsubscribe Manage preferences

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