What would lenders do without telephones and phone calls? In 1947 area codes were created by AT&T. Metropolitan areas were given low numbers so that people would spend less time dialing them. Think New York, Chicago, San Francisco (and all of Central California), Dallas, and all of Southern California including Los Angeles, (212, 312, 415, 214, and 213, respectively). Philadelphia received 215, Detroit 313. Atlanta, originally given 404 with the rest of Georgia, has four area codes. Georgia has nine. Few people want to receive a phone call from the CFPB, but change may be afoot. Today’s Mortgage Pros 411 features the CFPB’s Mark McArdle. We’re nearing the time when LOs seem more open to taking calls from recruiters… How’s your policy regarding how long you pay an LO after they leave, or who owns the borrower’s data? They should be sound. An informal poll indicates that LOs are often paid for 30 days after they leave. Of course, the higher the origination costs are, the worse the pricing for borrowers, and secondary staffs can’t make up for everything. Today’s Capital Markets Wrap at 3PM ET, presented by Polly, will cover last week’s election volatility. (Today’s podcast can be found here. This week’s is sponsored by Floify. Floify is an easy-to-configure point-of-sale platform that allows each branch or loan officer to customize its look and feel to meet the needs of their lending team, homebuyers, and market. Today’s features an interview with Floify’s Jason Mapes on how new POS technology in the mortgage industry is providing both time and cost savings for originators and borrowers.)