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Mortgage tech firm TRAiNED hires two executives from Sales Boomerang

Housing Wire

Mortgage tech firm TRAiNED Inc. TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. In 2017, Cunningham, de Jong and three others founded Sales Boomerang, an automated borrower intelligence and retention system for the mortgage industry.

Training 448
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Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

Wells Fargo “failed to pay plaintiff and class members for all hours worked, including but not limited to, mandatory meetings, loan processing, training and coaching sessions, loan tracking, customer surveys, attending open houses, attending events and galas, and working on certain nights or weekends,” Kang’s complaint, filed in 2017, said.

Legal 488
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Anna-Marie Ellison joins leadership at ARC Realty

Housing Wire

In her new role at ARC, Ellison will focus on strategic planning for agent and staff growth, as well as health and wellness initiatives, recruitment, and training across the Birmingham, Montgomery, and Huntsville markets. “My In 2017 she became a managing partner at the firm and was eventually named ERA King’s chief operating officer in 2022.

Realty 432
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[PULSE] Lessons for lenders from the first cybersecurity enforcement action by NYDFS

Housing Wire

NYDFS-licensed mortgage lenders are required to attest annually to compliance with the state’s cybersecurity requirements, which were enacted in March 2017. Controls and training should be implemented consistently company-wide, rather than allowing each business unit to implement its own processes.

Training 370
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Anthropomorphism and AI: Dialing back the fear knob

Housing Wire

For instance, we started working with machine learning for automated valuation models back in 2017. Like any powerful tool, it is essential to install proper fundamentals such as training, testing, accountability and continuous improvement before implementing. Then ChatGPT came on the scene. But herein lies that problem.

Training 434
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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. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 418
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. They were trying to capitalize on the refinance boom,” said Cullen Gandy, a classically trained opera singer who had been hired as an LO at Interfirst and left in July. “I

Mortgage 370