Did you know that 4 out of 3 people have trouble with math? I do too, as suggested by my capital markets background, but I know enough to understand that “free is free,” and today is National Free Slurpee Day. 7-11… Get it? (I also understand that a small Slurpee sets 7-11 back probably less than a penny but puts you into their database which has lots of value to the franchise… do lenders have something similar? 7-11 outlets are very focused on pricing and profit margins, and this morning I head to North Carolina for a Lenders One BaseCamp where pricing, profit margins, and products will be the focus. And let’s not forget volatility and interest rates, driven by inflation: Inflation talk will front and center this week with the consumer price index and producer price index reports both expected to be just as strong for June as they were for May. The Fed’s focus is purely on inflation, and I haven’t seen prices dropping much in restaurants, grocery stores, or at the pump. (Today’s podcast is available here and features an interview on retention with Black Knight’s Andy Walden and James Iredale. This week’s is sponsored by SimpleNexus, an nCino company and award-winning developer of mobile-first technology for the modern mortgage lender.) Lender and Broker Products, Software, and Services “Our team is heading to some exciting events, including the CMBA’s Western Secondary Market Conference in Dana Point, CA. Join Karaline Venezia, VP Industry Solutions at Capacity, on Tuesday, July 26 10:30-11:30 a.m. for a session focused on Leveraging Technology in the Secondary Market. If you’ll be in Dana Point July 25-27, we’d love to introduce ourselves and show you how Capacity can relieve your team of time-consuming tasks. The mortgage industry is in dire need of a platform that securely integrates with lenders’ key systems, providing loan officers and brokers with instant, actionable answers about borrower opportunities, loan statuses, loss mitigation, and more. Capacity reduces the time that LOs and brokers spend logging into a sea of endless systems to find information. If this sounds familiar, see how Capacity can save your team time and frustration. See how it works.“
Source: Mortgage News Daily