Life is complicated. Take the Black Knight purchase by ICE. Some vendors are out there licking their chops at their company’s valuation while others are fearing for their future as “the big boys” become formidable. Taxes? The latest headline is about how TurboTax duped consumers. (Thank you, Guy S.) Was life simpler 160 years ago? Today celebrates Mexico’s victory over France in the Battle of Puebla on May 5, 1862. It was a relatively minor battle (and the French reclaimed Puebla a year later) but a symbolic one because a small Mexican army defeated a larger occupying force. By 1867, Mexican troops had driven France from the country. Mexico is just one of twenty Hispanic countries, and lenders know that the rise in overall Hispanic home ownership in recent years played out in first-time home buyer numbers and many have “diversity” departments that encompass many lending facets including minority homeownership. Hispanic homeownership in the U.S. climbed significantly in 2020: There are now about nine million Hispanic homeowners in the country, according to a report released by the National Association of Hispanic Real Estate Professionals. Viva la Raza! Lender & broker programs and services “Mortgage Banker CFOs: If you could cut 10 percent from one of the largest items on your P&L, would you? It’s possible with OptiFunder’s optimized decisioning for warehouse funding. Our Warehouse Management System (WMS) utilizes advanced AI/ML technology and optimization science to help you make better, more informed decisions to achieve your strategic objectives, whether that’s minimizing interest expense, maximizing ROE, or achieving certain funding allocation targets. Plus, you can gain real-time business analytics and automate funding and Purchase Advice tasks. To receive a case study showing how we’re on track to save a client over $1mm this year, email or meet with Jon Rutila at the upcoming MBA Secondary Conference in NYC.”
Source: Mortgage News Daily