Last week I asked about the recruiting wars and the ethical – and practical – questions of so-called loan diversion.
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Hello, LOs!
Last week I asked about the recruiting wars and the ethical – and practical – questions of so-called loan diversion.
"I know some LOs that pull buyers to start at a new company with a pipeline," one LO in Pennsylvania said. "I would say that is not a widespread practice. [I] wouldn't personally do it. Lenders feel that the buyer belongs to the lender … the LO feels the buyer belongs to them, especially with referral-based relationships."
I found that intriguing – as an LO, do you feel the client is yours? And do you also believe your lender feels differently? Share your thoughts with me at james@hwmedia.com.
Figure and Homebridge have canceled their proposed merger, just 10 months after the announcement. Regulatory approval has dragged on, and the demand for new technologies and products is too strong to wait, Figure's Mike Cagney said.
98% of lenders agree that coordination with title companies is important to the borrower experience, but lenders and settlement partners face many challenges during the closing process. Read the Qualia and STRATMOR Group 2022 Study to learn more. Download the Report
Join industry experts from ServiceLink, NAMMBA, Money & Bankrate as they discuss insights from the State of Homebuying Report to reveal how lenders can implement the findings to better serve the most influential demographic in today's housing market. Register Now!
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