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Mortgage Educators and Compliance acquired by 360training

Housing Wire

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development.

Training 448
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Shaun Donovan is named Enterprise Community Partners CEO

Housing Wire

Department of Housing and Urban Development ( HUD ) and former director of the U.S. Donovan, who served during the full eight years of the Barack Obama administration, bring to the role nearly three decades of housing policy and community development initiative experience. Shaun Donovan, the former secretary of the U.S.

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How JVM Lending plans to expand without any loan originators

Housing Wire

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418
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Shoring up the mortgage underwriter shortfall

Housing Wire

One solution advanced is to simply develop and recruit more underwriters for the private-label market. We’ll still have to train them to do secondary market due-diligence versus what origination underwriting is, but it is certainly a benefit If that happens.”.

Mortgage 397
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Reverse purchase financing: The financing option no one is talking about

Housing Wire

They are able to maximize their cash investment on a new home and more comfortably afford an upscale home or a property in a more desirable location — whether it be closer to family or in a luxury housing development with additional amenities. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 482
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RON is here to stay – Here’s what you need to know

Housing Wire

In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. This person should immerse themselves in the constant developments of RON in the industry. How should you prepare for RON?

Law 370
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Joseph Ribeiro Joins the Business Development Team

Lamacchia Realty

After spending nearly a year as a REALTOR® with Lamacchia Realty, Joseph Ribeiro has made the exciting jump to the Business Development team. With his wealth of industry experience and commitment to communication, dedication, and transparency, Joseph is a perfect addition to the Business Development team!