Mortgage rates dropping to a three-year low last month drove up lock activity, specifically among purchase borrowers. Processing Content Total rate-lock volume increased 9% month over month and nearly 40% on an annual basis, according to Optimal Blue’s latest Market Advantage report. Purchase lock activity rose more than 14% from January and 5% compared with […]
Purchase locks jump as rates dip in February Read More »
Former Sprout Mortgage workers are dropping their long-running lawsuit to recoup lost wages from the failed lender. Processing Content Attorneys for plaintiffs told a federal court last week they intend to file a voluntary dismissal, which would end the nearly four-year-old case. The expected wind down wraps a difficult journey for the laid-off workers, who
Fired Sprout workers to drop class action seeking lost wages Read More »
In an industry where a fair percentage of workers are paid all or partially on a commission basis, lower volumes as well as consolidation weigh on take-home pay. That dynamic showed up in survey responses from employees at companies included in National Mortgage News’ annual Best Mortgage Companies to Work For ranking. Processing Content Compared
83% of mortgage employees say compensation is fair Read More »