Mortgage correspondent lender LitFinancial has launched a stablecoin on an Ethereum blockchain with the initial aim of improving its treasury efficiency and reducing its cost of capital. Lit, based in Troy Michigan, is working with Brale, a stablecoin-as-a-service platform, and Stably, a stablecoin advisory firm, on the new token which is named litUSD. Brale is […]
LitFinancial turns to crypto for mortgage funding Read More »
Mortgage credit availability inched upward in August, continuing in a direction that indicates some stabilization in the mortgage market, according to the Mortgage Bankers Association. The MBA’s Mortgage Credit Availability Index increased 0.1% to 104 last month. The report follows July’s marginal rise of 0.2% and marks two consecutive months of gains after a 1.3%
ARMs drive slight boost in credit availability Read More »
After talking with and interviewing hundreds of mortgage professionals, I can say with certainty: the loan officers who win in this market aren’t the ones with the best/lowest rates.They’re the ones who know their database. The reality is most loan officers treat their database like a phone book. Names and emails stored away, touched only
Winning starts with your database Read More »