Over the last 30 years in this business, I’ve seen a lot of loan officers come and go. I’ve seen managers get promoted, demoted, and disappear. I’ve seen companies rise, fall, rebrand, and recycle their value props like clockwork. But the one thing that doesn’t seem to change — the thing that might actually be […]
Recruiting the same loan officer and expecting different results Read More »
A question we’ve received from clients with increased frequency is whether they can forgo recording their loan modification agreement in certain circumstances or jurisdictions without jeopardizing their mortgage lien. And, as someone who has litigated several lien priority disputes stemming from an unrecorded loan modification agreement, I can say the answer isn’t always straightforward. From
With increased defaults, when is it prudent for servicers to record loan modifications? Read More »
Borrowers suing Loandepot are sharing alleged evidence of the lender’s scheme to steer borrowers to higher rates and deprive its loan officers of their full compensation. The latest filing in a Truth in Lending Act lawsuit cites emails, screenshots and the testimony of three LOs discussing the company’s actions to circumvent the loan officer compensation
Loandepot faces claims of ‘smoke and mirrors’ rate scheme Read More »