Blog

‘Tis the season for attention spans to dwindle and work ethics to go on vacation.

There’s a gap in the mortgage industry that’s growing wider all the time: It’s the difference between companies who are mastering change and those who are struggling to weather it.

Every company needs a legion of eager, self-starters fanning out across the marketplace to generate production and profit.

The most “feared man in mortgage” put in his two weeks’ notice on November 15: Consumer Finance Protection Bureau (CFPB) Director, Richard Cordray, issued a memo to staff, alerting them he will be stepping down from his position before the end of this month.

This week, the Minnesota Mortgage Association held its 2017 Annual Convention & Awards event in downtown Minneapolis.

Millennials comprised about one-third of homebuyers in the real estate market, making them the largest demographic buying houses this past year.

Now that the term “digital mortgage” has made it into public vernacular, companies and mortgage loan officers must have a digital presence. There are massive amounts of gadgetry, software and systems designed to make you visible and available online.

In the years since the Consumer Finance Protection Bureau (CFPB) was created, times and consumer preferences have changed. In an industry struggling to interpret and adhere to CFPB guidelines, responding to the way consumers wish to be communicated with can land companies and loan officers in trouble with another government agency – the Federal Communications Commission.