DPA, Warehouse, Multi-lingual Tools; Trigger Lead Law; STRATMOR on Customer Service; Mortgage Supply and Demand

“Yesterday I asked my kindergartener what she did in school, and she replied ‘nothing,’ then later I went on Instagram and her teacher had posted a picture of her holding an alligator.” To keep your child safe from harm, or increase their boredom, next week, April 27th, is “Bring your child to work day.” I am not quite sure how that works with the hybrid office/work from home situation that many are doing now. “Come with me into the living room; I’ve arranged your desk on the coffee table.”? Lenders and vendors have been able to reduce office leases and overhead, but working from home has certainly impacted the feeling of “corporate culture,” and some would argue makes it easier for competitors to hire key personnel away. Meanwhile, NAMB “applauds” Congressional lawmakers for advancing H.R.2656, legislation designed to end the use of trigger leads, and if passed and signed by the President would protect consumers by ending the practice of mortgage application data being sold to parties not associated with the mortgage transaction. (Today’s podcast can be found here and is sponsored by Candor. Candor’s patented automated underwriting decision engine, CogniTech™, is a state-of-the-art, 100 percent machine platform that can handle infinite loan scenarios. Today’s has an interview with Candor’s Sara Knochel and Ed Kourany on assurity prediction models, and the melding of man and machine.) Lender and Broker Services, Products, and Software Exclusive report: Maxwell 2023 Hispanic American Borrower Survey reveals that 96 percent opt for a national or local lender over online-based options. To help lenders better serve this demographic, Maxwell conducted a study of Spanish-speaking borrowers, surveying over 1,100 Hispanic American home buyers who completed the mortgage process in the past few months. The findings are eye-opening: For instance, a whopping 96 percent opted for a national or local lender rather than an online-based option. Want to learn how to become the go-to lender for this rapidly growing borrower segment? Click here to download your free copy of Maxwell’s 2023 Hispanic American Borrower Report.