Marketing, AMC, Credit, Servicing Products; CFPB Closes Lender; Interview with Flagstar's Lee Smith

“Life was much easier when apple and blackberry were just fruits.” But perhaps not as interesting. Here’s what happens when you put a West Coast MI rep on TikTok, sending out her message through the internet and technology. Meanwhile, the California MBA spread the word that, given the end of COVID’s emergency status, the DFPI’s “Guidance Regarding Remote Work” is posted on the internet. Here in Las Vegas, the ICE Experience is in full swing, and with it, technology talk abounds, as does how the cost per loan continues to rise despite tech tools. Certainly, compliance and regulatory costs enter into that (just like permitting and inspection costs enter into the cost of a new house), and we find our very Consumer Finance Protection Bureau making the headlines again; More below. (Today’s podcast can be found here and this week is sponsored by Built Technologies. Increase efficiency, streamline processes, and improve construction and real estate financing. Built connects lenders with key stakeholders to expedite funding and provide real-time deal visibility via a cloud-based digital platform. Today’s features an interview with Flagstar’s Senior EVP and President of Mortgage, Lee Smith, on Flagstar's recent merger with New York Community Bank.) Broker and Lender Products and Services “At CBC Mortgage Agency, we know that homeownership is more than just a financial investment. It’s a dream, and as the leader in nationwide down payment assistance, we are committed to making that dream a reality for as many people as possible. Our Chenoa Fund program is the primary choice for IMBs and credit unions because we don’t complicate things. With one set of guidelines that streamlines our program across the country and our dedicated team to provide support every step of the way, it is simple to understand and implement. For originators, this is particularly appealing because it allows you to focus on what you do best: helping your clients. With the Chenoa Fund program, you can trust that you are providing the best possible program and helping your clients achieve their dream of homeownership. Visit our website today and let us make homeownership a reality for your clients.”
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