Lead Recapture, Non-QM, Servicing, Commercial Tools; MBA’s Future Leaders Program Opens; LO Jobs

Thousands of lenders and vendors braved the gate lice to fly to Denver (the term for people who crowd around the gate at an airport, sometimes in an attempt to board early). Critics of Denver will tell you that it is “Kansas with a view of the mountains.” Heard in the hallways here in Denver… “Guys have it so much easier. One suit, 3 shirts, 3 ties, one pair of shoes. We have to assemble two complete outfits for every day, and I rarely bring less than six pairs of shoes to these events.” “You pointed out a few days ago that this conference center has 2.2 million square feet. I didn’t believe it until now… And that doesn’t even include the surrounding hotels. I need 15 minutes between meetings to get anywhere. I wish they allowed bikes.” “What happened to hotels that have doors in the bathroom?” CFPB Director Rohit Chopra seems to have struck a nerve with Mortgage Musings author and attorney Brian Levy after the phrase, “leeches who only want to pad their billable hours” came up. In his latest Musing, Levy also offers his unique take on the MBA’s new white paper on RESPA Section 8 reform that will be presented today here at the MBA Annual Conference by Levy. (Today’s podcast can be found here, and this week’s is sponsored by Truv. Truv lets applicants verify income, employment, assets, insurance, and switch direct deposits. Unlock the power of open finance, with Truv. Hear an interview with Truv’s Kirill Klokov on how happy customers are the definition of success and how Truv is addressing a need in the industry.)