Trading App, Warehouse, Soft Pull, Reverse Products; Helene and Other Disaster News

Well, this is the week that many have been waiting for: Fat Bear Week! The nearly 600 mortgage folks here in Las Vegas at the ACUMA event can talk about little else besides that, and needing a GPS for finding your way around town and back to one’s room. A more serious topic of discussion is increasing storm strengths over the years, most recently evidenced by Helene which is blamed for deaths in five different states. Fairway Independent is putting up $1 million dollars towards the much-needed relief efforts due to Hurricane Helene. CEO Steve Jacobson shot out a note. “That is barely enough. We are challenging all of the main IMBs and the major wholesale lenders to do the same. Why not? If we are really all here to help and serve others, why not come together when it is needed, and collectively support a region that is in desperate need? Our industry has a responsibility to help when needed. The HELP is NEEDED.” Thank you, Steve, and Fairway. (Today’s podcast is found here and this week’s is sponsored by Candor. Candor’s authentic Expert System AI has powered more than 2 million flawless, hands off underwrites. Every credit risk decision Candor makes is backed by a Warranty, eliminating repurchase worries. Hear an interview with Polunsky Beitel Green’s Andy Duane on proposed changes to the Basel III capital requirements.) Lender and Broker Software, Services, and Loan Programs Introducing the Blueprint for Reverse Mortgage Success! Leading reverse mortgage lender and servicer Longbridge Financial, LLC (NMLS #957935) is excited to launch its newest initiative tailored for mortgage professionals: A Blueprint for Reverse Mortgage Success. Did you know the mortgage industry left $200 million in net revenue behind in 2023 according to Home Mortgage Disclosure Act data? This comprehensive program is designed to equip you with the insights and tools to thrive in the growing reverse mortgage market, where seniors hold a wealth of untapped home equity. From expert guidance to actionable strategies, Longbridge is here to help you unlock new opportunities for your business. Come meet Longbridge CEO Chris Mayer and the Executive Team at MBA Annual to learn more! Set up a meeting with the Longbridge leadership team. Can’t make it to MBA? Contact Adrian Prieto, SVP of Wholesale & Third-Party Relationships for Longbridge to learn more.