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“Collusion,” agent training are the focus on day three of the Sitzer/Burnett trial

Housing Wire

The third day of the highly consequential Sitzer/Burnett class action buyer broker commission lawsuit included a deep dive into the training materials used by various brokerages and the testimony of three of the named plaintiffs. Gorman was also questioned about the training materials used at Anywhere Brands.

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What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. The analysis may expose training needs for respective production teams. The good news is that this gives lead time for originators to train and prepare by doing the analytics of their sales teams and establishing a training strategy. But training and trainers must have content.

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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Third, Compass agents have doubled down on training to help them better communicate their value proposition. Second, buyer agreements are not new. Additionally, data from RealTrends shows that the average commission actually rose in 2023 to 5.5%, up from 5.1%

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The leadership deficiency in the mortgage industry: How we got here and how we can fix it  

Housing Wire

Over the years, Ive observed a glaring issue that stifles the growth and success of many mortgagecompanies: promoting top-producing loan officers into management roles without equipping them with the tools, training, or even determining whether they want to be leaders. Training on emotional intelligence can transform anorganizations culture.

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Joan Trice sells Valuation Expo and Appraisal Buzz newsletter

Housing Wire

Trice, president of Collateral Risk Network (CRN) — a nonprofit group that focuses on valuation, collateral risk, and regulations — will continue to hold its annual meeting in conjunction with Val Expo, which she started in 2003. The expo is scheduled for August 7-9 at the Mirage Hotel in Las Vegas, Nevada.

Valuation 370
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HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5

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Origins: From young country club caddy to reverse mortgage professional

Housing Wire

The company sent its trainees to the World Trade Center in New York for eight weeks of training. I did that until about 2003, so about 11 years. In 2003, he began working as a mortgage professional, and he found his way into the reverse channel two years later. I just got tired of the roller coaster of the stock market.”

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