In a little over a month, the company's newly appointed chief strategy officer has built out a six-person strong recruiting team. https://www.nationalmortgagenews.com/news/lower-sees-recruiters-as-key-part-of-its-growth-strategy
NextGenMortgage
Mortgage lender joins a host of others fined over flood insurance
A Billings, Montana-based First Interstate Bank agreed to a five-figure penalty to resolve charges it engaged in National Flood Insurance Act violations. https://www.nationalmortgagenews.com/news/first-interstate-joins-others-fined-over-flood-insurance
Critical defect rate rises for first time in over a year
While still historically low, some of the changes in the first quarter appeared "troubling" and warranted extra scrutiny, according to Aces Quality Management. https://www.nationalmortgagenews.com/news/mortgage-defect-rate-rises-for-first-time-in-over-a-year
Fincen issues final rules on property transfers and asset advisers
New rules from Treasury's Financial Crimes Enforcement Network will mandate reporting for non-financed real estate transfers and expand anti-money laundering requirements for investment advisers....
Homeowners see large gains in equity
Rising property values continue to buffer mortgagors against negative equity situations, Corelogic said. https://www.nationalmortgagenews.com/news/homeowners-see-large-gains-in-equity