Paper on FHA Changes; Tech Report; Compliance and Ops News

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Posted To: Pipeline Press

Experienced originators know that lending is a numbers game. Every 100 cold calls result in 20 conversations, which result in 5 potential leads, which result in 1 closed loan. Or whatever personal ratios are. Not only that, but there is a 2-4-month lag time between those 100 calls and any funded loans that come from making them so good LOs have been laying the groundwork for summer for a quite some time. But speaking of two months, from St. Louis Mike Swaleh reminded me that the revised Uniform Closing Dataset (UCD) Seller data requirements will be effective on June 24, 2019 . Lenders are working on the borrower’s app process. For example, Envoy Mortgage has developed XLR8 . More on Ops issues below. Lender Products and Services MGIC’s SEB Cash Flow Worksheets are Now Live ! These...(read more)

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Source: http://www.mortgagen...

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