Capital Markets, TPO, CRM, AI Products; Bloomberg and Wells’ Correspondent

Florida is the source of a sizeable percentage of home loans and fine lenders, as well as plenty of “Florida Man” stories. (Don’t read if easily offended.) I head to Orlando this morning, where (unlike this week’s rain and lightning) there are an average of 233 sunny days per year, in addition to the FAMP event this week. Speaking of sunny days, if they can make a car paint that can “heal” scratches by being out in the sun, wouldn’t you think someone could invent a new mortgage product? There are new things in the land of real estate agents, and thank you to Indiana’s Carol K. who, as a notary, recently completed a rather interesting assignment. “It was for a ‘Homeowner Benefit Program’ where the real estate company is buying the rights to be the real estate agents who sell the owner’s property if and when they sell. You get $500 to sign a contract with them that says if you ever decide to sell, you will use them as your agent. Something for a lender to consider. (Available here, this week’s podcast is sponsored by Agile, the mortgage industry’s MBS fintech. Bringing the mortgage capital markets into a new digital era. From lenders to dealers, Agile is the new way to quote MBS. Today’s has an interview with Built Technologies’ Jim Fraser on originating and managing loans to build or improve housing. Broker and Lender Services and Software I don’t know… doesn’t it seem like a good time to lower your costs? Here’s an idea: turn your fixed staff overhead into variable costs by outsourcing your processing, underwriting, and closing functions to the fulfillment team at Computershare Loan Services (CLS). They are ready to help you with your entire pipeline from conventional, non-QM, and FHA loans to multiple product types, including HELOCs. CLS can fulfill one part of the originations process or all of it! They save clients an average of 30% on back-office operational expenses, so why wait? Contact the team at Computershare Loan Services to learn how they can help your business thrive.