Carol K. writes, “Back in my day there was so much cheap toilet paper and eggs that we would throw them at the houses of our enemies.” And then there’s, “Money can’t buy you happiness, but you can sure have a good time searching for it.” Speaking of a good time, are you single? Want to make $1,500? Shane Co. will pay you to go on 15 first dates. Search for dates at the grocery store, a dating app, whatever. Many lenders are searching for production, and with that in mind, is your company participating in the FHFA’s Special Purpose Credit Program? Rumor has it that those lenders in the pilot program must pay up to $5,000 per loan… but what do I know? If true, is that added to the $11k the MBA tells us it already takes to do a loan? There’s even a “tool kit.” And of course the CFPB is keenly interested in these types of programs. Any questions about participating or NDAs or procedures should be addressed to your Freddie or Fannie rep. Like I said, lots of rumors out there about lenders giving the program a shot. In other money news, identity thieves hacked into Experian credit reports. (This week’s podcast is sponsored by Candor. Candor’s patented automated underwriting decision engine, CogniTech™, is a state-of-the-art, 100% machine platform that can handle infinite loan scenarios. Today’s has an interview with Tom Booker and Tom Showalter on repurposing Candor’s technology into multiple segments in the mortgage space. Lender and Broker Software, Products, and Services

Published On: January 17, 2023 / Categories: Mortgage News /