Rocket seeing ‘awesome early data’ from Redfin acquisition

CEO Varun Krishna says lender has already seen a surge in leads and higher conversion rates from the Redfin deal, thanks to “cross pollination” of leads, agent referrals and mortgage applications. Continue reading

Rocket to inherit Mr. Cooper’s customer satisfaction woes

Both companies have invested heavily in AI. But while Rocket consistently earns high marks for loan servicing, Mr. Cooper’s J.D. Power rankings have been subpar for more than a decade. Continue reading

Wells Fargo free to grow again after Fed lifts $1.95T asset cap

Lifting of the asset cap could give the bank greater leeway to originate jumbo mortgages that exceed Fannie Mae and Freddie Mac’s $806,500 conforming loan limit in most markets. Continue reading

Regulators expected to remove lid on Wells Fargo’s growth soon

A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices. Continue reading

Regulators expected to remove lid on Wells Fargo’s growth soon

A $1.95 trillion asset cap that’s limited the bank’s growth could be lifted in Q2 with CFPB and other regulators having closed 12 of 14 consent orders aimed at remedying past business practices. Continue reading

Wells Fargo closes 2 more consent orders in quest to shed asset cap

Getting out from under $1.95 trillion cap would allow the bank to grow its deposit base, providing more room on the balance sheet to originate jumbo mortgages too big for Fannie and Freddie. Continue reading

5 ways agents can stay competitive as the housing market remains hot

You may be wondering how you’re going to get through the fall. Here are five tips to help you stay competitive as buying season continues. Continue reading

Inman announces first round of exhibitors and digital demo session sponsors for ICLV21

Tallahassee, Fla. (Sept. 30, 2021) – Inman Group® announced 45 exhibitors and digital demo session sponsors for Inman Connect Las Vegas, Oct. 26-28, 2021. Continue reading

Tomo’s CEO on the mortgage industry: ‘It’s like going to the DMV’

During a conversation with Brad Inman at Connect Now, Greg Schwartz said “mortgage is the catastrophe of the real estate transaction,” and shared how Tomo is changing that Continue reading

Tomo’s CEO on the mortgage industry: ‘It’s like going to the DMV’

During a conversation with Brad Inman at Connect Now, Greg Schwartz said “mortgage is the catastrophe of the real estate transaction,” and shared how Tomo is changing that Continue reading