Broker Education, Reverse Mortgage, Credit Report, Warehouse Products; Disaster News

Sports have a lot of fans, and heroes. With only 10 days until Halloween, what a great time of year to be a sports fanatic. You never have to leave your den, or local sports bar, when football, baseball, basketball, and hockey are all on TV, and if you look around you can find golf and tennis! What isn’t a great time is if you’re either lending or borrowing in Florida on a condo. With Provident Funding announcing that it is bailing on condos, at some point it will be harder to finance condos than co-ops. It’s also the time of year when a) lenders and vendors are trying to forecast and budget for 2025, b) notices for organizational holiday parties begin being sent out, and c) Costco is stocking Valentines Day items in its warehouses. Speaking of Costco, the company has entered the housing business, in a manner of sorts. Costco stocks tiny houses, playhouses, and garden sheds. So does Amazon: page down once or twice. (Today’s podcast can be found here, and this week’s is sponsored by nCino, makers of the nCino Mortgage Suite for the modern mortgage lender. nCino Mortgage Suite’s three core products, nCino Mortgage, nCino Incentive Compensation, and nCino Mortgage Analytics, unite the people, systems, and stages of the mortgage process. Hear an interview with Wilqo’s Rob Katz on the biggest issues mortgage bankers are facing today and how companies should be planning for 2025.) Lender and Broker Software, Services, and Products By enhancing connectivity between originators, warehouse lenders, investors, and doc custodians, OptiFunder provides a fully digitized and automated solution, transforming the warehouse lending process and streamlining operations for mortgage originators. OptiFunder’s Warehouse Management System (WMS) is an essential tool, funding approximately one in every seven loans in the market. By leveraging its extensive network and proactively collaborating with warehouse lenders to fulfill unaddressed needs, OptiFunder introduced a revolutionary platform for warehouse lenders. Replicating the operational efficiencies and connectivity it provides to mortgage originators, Greyhound WMS provides a modern-day, configurable framework to meet warehouse lenders’ unique needs. An alternative to legacy platforms, Greyhound connects warehouse lenders with originators, streamlines complex workflows and enhances process automation for efficient funding, shipping, and paydown requests. Meet with the OptiFunder team at MBA Annual or schedule a Greyhound Demo to learn more. Sign up for OptiFunder’s Monthly Warehouse Lending Report here.