Here we are at Groundhog Day. A rodent predicting the weather has little tie-in with the 1993 movie of repeating the same day over and over again. Locks are certainly not repeating 2021 levels for January, with initial anecdotal pipeline numbers down 30-40 percent. Are you reducing costs accordingly? When the residential lending market is good, owners think they’re the smartest guys in the room, and in the last two years volume and margins have covered up a lot of faults. (And now, are homeowners all real estate geniuses?) Now, however, effective management is going to be tougher. Mortgage fraud is growing, and I’ve received more than one email about kickbacks on the rise. Great. At least you aren’t working in a Golden Corral in Pennsylvania! Never in the history of history of calm down has anyone calmed down by being told to calm down. Lender & broker services and products More than 100 people gathered in Kazan, Russia, last month to celebrate the city’s fourth annual Festival of Snowmen. Attendees competed to build the most creative snowmen, but, unfortunately, with temperatures below -10C, dry air made it a challenge to keep their creations upright. Speaking of challenges, digital home management platform HomeBinder melts away borrower confusion about how various home improvement projects affect their home’s value. With its Adaptive Home Valuation calculator, HomeBinder keeps users informed about the appreciating value of their largest asset over time, taking into consideration items that other automated valuation models don’t, like maintenance credits, appliance upgrades and home improvements or remodels. Don’t leave your borrowers in the cold post-close! Continue adding value throughout the homeownership journey with HomeBinder’s Adaptive Home Valuation calculator.