Co-issue, Correspondent, Broker Marketing Products; FHA and VA News; Note on Payroll Fraud; Compliance Tidbits

Let’s have a non-mortgage opening paragraph. Today is “Remember Pearl Harbor Day.” (If you like history, you gotta click on that link and see what is on there. Do a search.) The richest person in the world in the 1940s was Henry Ford, and when he died in 1947 his worth was about $200 billion in current dollars. (John D. Rockefeller became the first billionaire in 1916.) I mention these snapshots because one New Jersey industry vet wrote to me saying, “There are about 720 billionaires living in the USA, almost 1/4 of worldwide billionaires. The Administration is hiring 87,000 people to oversee the U.S. billionaires. That’s a 120-1 ratio. Ironically, after 40 years, the IRS never found Trump’s misreporting even though they audited him every year. Perhaps the IRS should not hire 87,000 but hire the top 720 CPA firms (paying them more than private practices) to examine the books of the 720 billionaires.” (Today’s podcast is here and brought to you by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender, and today’s features an interview with SimpleNexus’ Jay Arneja, NotaryCam’s Brian Webster, and MISMO’s Jonathan Kearns on the role eClose plays in creating a future-ready mortgage industry.) IMB Wanted A national mortgage lender is looking to acquire an IMB. A leading privately-owned national mortgage lender is seeking to acquire a thriving IMB. With over 130 retail branches nationwide, this lender services $10.5 billion in loans. The company is licensed in all 50 states and retains nearly 100 percent of service rights on its mortgages to Fannie, Freddie, and Ginnie Mae. The lender supports every facet of marketing, including lead generation campaigns, social media, content creation, PR, events partner programs, and more. If you’re interested in learning more, you can fill in your confidential information here safely.