Non-QM, QC, Construction Loan Products; Events and Training; Big Bank Mortgage

I woke up this morning trying to remember if I was working where I am living, or living where I am working. “Personal” and “professional” often overlap. Caliber, and other wholesalers, are taking the high road inthis week’s awful mix of personal and professional lives. Flagstar Bank summed up this week’s controversy in the wholesale channel. “We want to respond to the recent statements highlighted in the news by the chairman of AIME. While we strongly support the broker community and the vision and purpose of AIME, we do not in any way support the recent public words and behavior of its chairman. As a company, Flagstar Bank is committed to treating its employees with respect and creating an environment that is free of the kind of harassment, abusive language, and personal attacks made by the chairman of AIME. We expect no less of our business partners. That is why we are taking the step of suspending all relationships with the organization at this time. Again, this action does not reflect on AIME as an organization nor does it diminish our commitment to the broker channel, which is the foundation of Flagstar’s 30-year commitment to the mortgage business.”

Lender Services and Products

Identifying and successfully recruiting high-performing loan officers has become a real challenge as lenders manage increased volume. Seroka can support your current LO recruiting efforts with a customized marketing strategy that targets the LOs you are most interested in hiring and positions your company as a great place to work. Seroka will help you identify the key messages you should be conveying to attract talent and then develop a robust strategy that includes direct marketing, social media content and deployment, targeted ads, and public relations tactics. Is your website up to attracting great talent? If you’re uncertain, Seroka will review it and make sure it is! Check out this video to learn more. For additional information about how Seroka can bolster your recruiting efforts, click here and get ready to #turnupyourbrand. 

Discover how JFQ Lending is using direct mail with Monster Lead Group to surpass $4.2 billion in originations for 2020: In just its first 3 years, the JFQ team has grown to approximately 120 MLOs, funding upward of $400 million in a given month. JFQ Lending’s President, John Kresevic reveals “75%-80% of our growth comes from Monster.” Kresevic explains, “We’ve been successful with the strategies we get from Monster. I know what’s certain every week; Monday around 12 o’clock Pacific the phones are going to start ringing and they’re going to ring the rest of the week.  I know that as long as I spend ‘X, my return’s going to be Y.” If you want consistent phones and predictable ROI from your direct mail like JFQ, go to https://www.monsterleadgroup.com/jfqlending/ right now.

Truepic Helps OneTrust Home Loans (“OneTrust”) Increase Construction Loan Velocity: Truepic’s virtual inspection platform is being used by OneTrust, a national mortgage bank and balance sheet lender, to increase the velocity and accuracy of its inspections for the Agency and Portfolio construction and rehab loan programs it offers.  They are leveraging Truepic’s technology to drive virtual verification of the condition and/or current state of a construction-related lending project, dramatically speeding up a borrower’s ability to submit a draw request, reducing the ability to fulfill draws to under 24 hours. The technology enables a borrower to capture 100% authentic and verified photos and videos directly from their own smartphone while running fraud detection and prevention tests behind every image submitted. This allows OneTrust to minimize their reliance on 3rd-party physical site inspections. Click here to learn more or to schedule a live-demo via a screen share email: sales@truepic.com.

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