“Why do psychics have to ask you for your name?” The future is always murky, at best, even to those who tell us that they can predict things. Fannie Mae raising gfees hit lenders everywhere without warning, catching capital markets staff with an un-hedgable hit. Costs everywhere are going up, and many or all of these are passed onto borrowers. More specifically, borrowers whose loans fund. Yesterday, Sandra James, CEO of Private Eyes, reminded me that the IRS is increasing the cost of 4506C’s from $2.00 to $4.00 starting October 1, 2024. “It depends on what our clients are paying and volume that they do if we will increase our price. Since we integrated with the IRS, if the consumer responds to the Multi-Factor Authentication, then it is instant, and no labor is involved on those. We charge from $6.00-$12.00 per year per transcript.” (Today’s podcast is found here and this week’s is sponsored by EarnUp and its new AI Advisor tool. The industry’s first-ever context-aware conversation agent instantly analyzes users’ real-time banking and credit data to answer complex financial questions and provide tailored product recommendations. Hear an interview with A&D Mortgage’s Alexander Suslov on running a capital markets department, recent rate movement, and how the election could impact borrowing costs.) Lender and Broker Software, Services, and Loan Programs What are the most important things for a lender to have in place to succeed in today’s market? Great people and great technology. Get new insights from Dale Vermillion, Founder and CEO of Mortgage Champions, on how solutions like ICE Surefire can help you succeed in today’s competitive landscape and maintain the personal touch you’re known for. Listen to his perspective now.