How dedicated are you to mortgages? This dedicated? I hope not. Owners and CEOs of smaller companies are certainly dedicated to our business, but are grappling with answering, “How does a smaller company, whether lender or vendor, compete with larger companies that can scale?” In addition, lenders and vendors are grappling with housing affordability, balancing customer and shareholder needs in their business model, regulatory threats, cybersecurity, and homeowner insurance costs. And handling the costs of all of those. Are we having fun yet? Let’s not forget the whole compliance thing, and tomorrow, on The Big Picture, Rich Swerbinsky & I are pleased to be joined by the CFPB’s Assistant Director, Mortgage Markets, Mark McArdle. Mark will take questions from the live audience and provide insight on what the Bureau is working on with the Presidential election fast approaching. You can click here to register for Thursday’s 3 PM ET show. (Today’s podcast is found here and this week’s is sponsored by EarnUp and its new AI Advisor tool. The industry’s first-ever context-aware conversation agent instantly analyzes users’ real-time banking and credit data to answer complex financial questions and provide tailored product recommendations. Hear an interview with EarnUp’s Manish Garg on the accuracy of machines versus the trustworthiness of humans.) Business Opportunity STRATMOR is looking for a Buyer for a title insurance company based in the Southeast. The company is currently a shell, but has been in business for 50+ years, so is well-seasoned and prepared to quickly expand nationally. This is a terrific opportunity for a lender or title agency looking to add an accretive fee-based business. If you have ever thought of owning a title company and increasing your revenue potential, then reach out to David Hrobon at STRATMOR for a mutual NDA and an introductory call.
