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As a fun group of opinionated folks, we combined our related corporate experiences and Loan Vision tricks to come up with some tips for a smoother year end close. I KNOW I’ve had year end closes from Hades that I certainly wouldn’t want to repeat anytime soon!
As a fun group of opinionated folks, we combined our related corporate experiences and Loan Vision tricks to come up with some tips for a smoother year end close. I KNOW I’ve had year end closes from Hades that I certainly wouldn’t want to repeat anytime soon! Here’s what we came up with: 1. Balance
Warehouse expense is often one of the largest expenses on an IMB’s P&L. The MBA’s Chief Economist recently reported the typical lender lost $1972 per loan for Q1 2023. No matter the environment, reducing expenses is key to maximizing profitability. Managing a Complicated Expense Funding decisions, deciding the best way to allocate your loan pipeline
The sale of originated mortgage servicing rights (OMSRs) gives rise to several types of income. Ordinary income, short term capital gain, long-term capital gain and possibly excess servicing. The tax code requires that a determination be made as to whether any portion of the MSR should be considered excess servicing for tax reporting purposes. Excess
With rising rates, lower volumes and lower margins converging on the mortgage industry over the past 18 months, the constant response has been a combination of consolidation/aggregation, reductions in force, or outright surrender. To those of you reading this and still in the battle, have you taken a second (or even third) look at certain
Being in the mortgage industry for a lot of years, you pick up a few systems. You learn the tricks of the trade, so to speak. And when you’re in an area like mortgage accounting, the tricks can make all the difference when it comes to gaining efficiency. So, when Carl and Haleigh asked me
In today’s mortgage market, it’s not only harder to compete for top lending talent but more expensive. You could just keep throwing money at the problem, but that’s not a sustainable strategy. You need a compensation strategy that rewards top talent in meaningful, not just monetary, terms –one that boosts morale and helps attract and