The big news in the Chrisman household is my cat Myrtle being offered a big signing bonus by the family next door. Apparently, word of her mousing prowess has spread. Myrtle’s tight-lipped on the details, but I assume it involves line-caught halibut and wild salmon tidbits. When I brought it up, she glared at me as if to say, “Hey, it’s a free market.” At 10, Myrtle’s no spring chicken, and I told her that she’d better think long and hard about it since there seem to be fewer mice around to catch. (Stay tuned!) Lenders are seeing fewer loans to originate, and thus fewer loans for the secondary markets so every opportunity to pick up a few pennies or set up a new product is scrutinized. Besides spending their time setting pricing and margins, capital markets staff are usually looking for new investors (there are plenty on Mortgage Elements; just select the state and then the program) and there’s a new jumbo loan identifier for The Rule Tool if you need to compare non-conforming guidelines between investors on jumbos. (Today’s podcast is available here and this week’s podcast is sponsored by AIM-Port, an appraisal management platform built to reduce costs and elevate the borrower experience for lenders managing appraisal operations. Go to aim-port.com for more information or click here to reach out to a team member today!) Lender and Broker Products, Services, and Software Keeping with its reputation for developing innovative home lending technology, SimpleNexus, an nCino Company, made waves at Digital Mortgage where its plug-and-play business intelligence solution Nexus Vision took second place in the show’s Innovation Challenge. SimpleNexus is giving lenders another opportunity to see its award-winning homeownership platform in play during today’s TMC in Chi-town Lightning Showcase. Can’t attend the in-person demo? Request a personalized SimpleNexus demo online or connect with the SimpleNexus team next month at their MBA Annual kickoff event in partnership with DocMagic and Notarize.
Source: Mortgage News Daily
