Lykken on Lending

The first half of the Lykken on Lending program will feature our Weekly Updates. Go to our website to read more about our regulars and weekly updates!

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Weekly Updates With Alice, Allen, Matt, Les, And Rob

It is Monday, November 1st, 2021. We’re so grateful to have you here with us. This show is created by mortgage professionals and we’re here for mortgage professionals, although we have a lot of real estate people reading and those who have interests in the industry. I’m most grateful for you, our readers. We appreciate you being here. Our commitment is to bring you timely information in a format that you can read anywhere, anytime. We appreciate much of the feedback.

We may have shared the feedback we received at the MBA conference. It’s much better attended than anticipated. Ray Conference, I loved it. Kudos to the MBA and the whole MBA team. Marcia Davies is responsible for the things that happened behind the scenes. We’re pleased with it and it was outstanding. Thank you for all the great comments from all of those who were at the conference and passed on back at your lister and you enjoy the show.

I want to say that we’ve got as a hot topic guest someone that I have respected in the industry as a leader for many years. She’s an amazing person. Kimberly Nichols is Senior Managing Director at PennyMac. She’s going to be giving an update on diversity inclusion. We’re going to also talk about what’s going on in the wholesale channel that she heads up for PennyMac. She’s one of my favorite people. She’s not all that. She had triplets. There are working moms and then there are working moms of triplets. She’s amazing both at a personal and professional level. We’re so blessed to have her joining us in the hot topic segment.

We put out some promotions on it and they put out promotions. I got so much feedback. A lot of people are dialed in, reading to and ready for the comments. Also, I’ll give a shout-out to Ludwig, an advertising agency. Barbara and the team are doing an amazing job. LudwigPlus, thank you for helping make this all happen.

We are proud to be a part of the Industry Syndicate. Check out all the shows at IndustrySyndicate.com. I’m grateful for our sponsors like the Mortgage Bankers Association of America. I had a great interview with Michael Fratantoni and got a lot of positive feedback. It’s the interview I recorded while using my cell phone, going back and forth like it was a microphone. The audio came out but the content was good. If you haven’t read it, go back and do so.

Also caught up with our friends at Finastra. They’re doing a great job with their mortgagebot solution. A lot of innovations are coming in with them. They’re the number one FinTech company in the world. When you look at a company and the leaders like PennyMac, the leader in the industry, you pay attention to what they have to say. Be sure to check out the interview that we did with Karen Jenkins on October 4th, 2021 talking about the importance of the user experience and customer experience.

The CX and UX are a lot. We could talk about that but check out that episode. I’m grateful for their sponsorship, as well as Lenders One and The Mortgage Collaborative. These two coops do a great job of helping lenders connect with each other of their same size. Something that TMC or The Mortgage Collaborative has is the co-labs. They do a great job, as well as Lenders One does a similar thing but it’s important that we connect and hear about each other’s struggles and what goes on in there. Check that out. I couldn’t go on without both of these coops.

We’re members of both of them. Pick one or both. That’s what we recommend. Get involved. It does not replace the MBA re-membership but do get a member of one of these coops. You’ll find that you’ll benefit from it, especially in these times when we’re in shrinky margins. What are others doing about it? How do we respond to technology that’s coming out? These two coops will do a good job and help you with that.

Also, this community Mortgage Lenders of America Association. I’m grateful to be a part of them, CMLA, as well as Insellerate. Josh Friend does a great job with that interview on June 21st, 2021. It is still getting radically downloaded because of the radical things that they’re doing inside their company to connect you with borrowers. It’s a great empowering engagement platform.

Also, when you’re recruiting, you got to look at Mobility MMI, Mortgage Market Intelligence, as well as Modex. Both of these companies do a great job of bringing empirical data when you’re recruiting LOs. Also, got some great business intelligence BI out there.

Everyone’s talking about BI and Data. Both of these companies have that going in a big wave for what’s going on in the real estate market and the realtors that are doing well. A special thank you to our newest sponsor, Snapdocs. I’m so thrilled to have Amy Moses and the entire Snapdocs team with us on the show as a sponsor. Check out Snapdocs. What they’re doing in eClosing is they’re fast becoming the leader. Check out eMortgage, everything Snapdocs. I appreciate it. They’re one of the up-and-coming companies and you will want to get to know them.

I also want to say a special thank you to those that are regulars on the show. We have our beloved Alice, who’s been here since the beginning of the show. We also have Rob Van Raaphorst, Les Parker, Matt Graham and Allen. Thank you to all of the regulars for their contributions that make this show so successful. Let’s get over to Rob Van Raaphorst from the MBA for the MBA Mortgage Minute. Rob.

Welcome to the Mortgage Minute and the latest news from the Mortgage Bankers Association. MBA submitted recommendations to FHFA on the new Equitable Housing Finance plans for the GSEs. The recommendations emphasize transparent oversight and an evaluation process for the plans. Note that FHFA should undertake rule-making to ensure these efforts remain durable regardless of how long the GSEs remain in conservatorship.

The creation and implementation of these plans is an important step in addressing our nation’s longstanding challenges related to housing equity, particularly with respect to the racial homeownership gap. According to MBA’s latest forbearance and call volume survey, the total number of loans in forbearance has decreased by 2.15% with an estimated 1.1 million homeowners currently in forbearance plans. That’s it. Thank you for joining me.

I listened to the announcement. This is what he was talking about while they making recommendations but I’d like to find out from some of you out there. We’re hearing some reports of increased action by the CFPB. If there are any of you that could give me some feedback on that or welcome that, we’re hearing reports of that, which is a little concerning but there’s at least some good movement on what’s going on at FHFA. Sandra Thompson, listen to her speak. She’s very encouraging.

The big news about the appraisal is they’re going to desktop appraisals, which will hopefully speed along the process, dealing with a big bottleneck in our processes. Speaking of what’s going on in the markets, let’s get over to Les Parker with the TM Spotlight and a macro view of the markets. What do you have for us, Les?

Fed tried so hard and got so far but in the end, it doesn’t even matter. Compare the Fed, WeWork and Mortgage Bankers, they all try hard. The Fed tries to stimulate the economy but in the end, it doesn’t matter. WeWork burns millions in cash trying hard to outrun the flames. Investors have lost their enthusiasm for unicorns who prioritize rapid growth over profits. When mortgage lenders focus on production and not profits, then investors and warehouse lenders abandon them because, in the end, growth doesn’t even matter. These views are my own. Go to TMSpotlight.com to subscribe to my daily newsletter.

Go out and do that. When you do subscribe, put in the word POWER for PowerSeller and you’ll get Les’s subscription that he usually charges for. You’ll get it for free. Sign up. I encourage you to do that on TMSpotlight.com. Matt Graham is here with us with a pre-recorded comment. Matt couldn’t join us live but we’re always grateful when he puts it a word. Be sure to check out MBS Live. We’re going to hear from Matt Graham, Founder and COO of MBSLive.net. I love his commentary on what the market is. What do you got, Matt?

A week began for the bond market on a positive note and that continued for the first three days of the week. This brought much-needed relief after several weeks, nearly a month of steady weakness in longer-term yields. The highlight of the middle of the week was essentially the front running of the European Central Bank announcement, which was scheduled for Thursday morning but by Wednesday, European yields were surging lower, bringing US yields along for the ride.

All told that brought tenured treasury yields down to 1.52% after being as high as 1.7% in the previous week so that is a pretty nice recovery. Something very nice to see after 3 to 4 weeks of steady weakness following the September 22nd Fed announcement. More on that in a moment as that is integral to the bigger-picture developments.

In terms of economic data, we had both home price reports on Tuesday morning. Case-Shiller and FHFA slowed down a little bit. Let’s focus on FHFA for a second. It came in at 1% month-over-month growth for August versus 1.4% in the previous month. Not as fast as it was but 1% is still very big in terms of home price growth.

More importantly, all it had to do was come in flat to solidify expectations for conforming loan limit increases. Granted the headline, HPI, Home Price Index for FHFA is not the same as the expanded quarterly data that’s used to calculate conforming loan limits but it’s close enough that we can safely conclude that $625,000 thing that’s going on for quite a few lenders is more than safe.

With the gains seen in August 2021, we’re probably closer to 633-ish. If we get something even remotely close to this number at the end of November 2021, then conforming loan limits could easily be over $640,000 or the very least in that neighborhood. This is a little bit of interesting news for those of you that have been trying to figure out where loan limits would be.

To reiterate, they have not been updated yet. They won’t be updated officially until the next FHFA Home Prize report comes out on November 30th, 2021. As far as other data for the week, consumer confidence is stronger than expected, 113 versus 108. New home sales are stronger than expected, $800,000 versus the $760,000 forecast.

We moved into treasury auctions for the week and Wednesday’s five-year treasury auction was quite strong. It helped bonds gain additional ground and added to the rally that the European Central Bank sparked in the morning. Durable goods came in weaker from the previous month but stronger than expected at negative 0.4%.

Domestic Market Movement: Wednesday’s five-year treasury auction was quite strong, helped bonds gained additional ground and added to the rally that the European Central Bank sparked in the morning.

On Thursday, the big to-do was the GDP announcement. We don’t normally put a lot of stock in GDP because it is a very backward-looking report since it covers an entire quarter’s worth of data. In this case, it was the advanced report, meaning that it’s the first look at Q3 we’ve had. There was a lot of speculation as to where the thing would come in because the median forecast among economists was up at 2.7%, whereas tracking indices like the Atlanta Feds GDP was down at 0.2%.

Thus, 2.7% or 0.2%, effectively is no growth in Q3. This led to some speculation or at least some chatter that the actual number was going to be much weaker than the forecasts we’re calling for and thus provide the bond market an additional reason to rally. Some people even ascribed strength earlier in the week to these whisper expectations for a much weaker-than-expected GDP rating.

By coming in at 2% versus the Atlanta Fed GDP, for instance, at 0.2%, those fears, expectations or whisper numbers were squashed. We saw no major reaction to the GDP data when it came out on the 28th. There’s a little bit of volatility in the morning but more movement later in the morning as Europe moved back in the other direction.

We had European yields leading US yields higher by the end of the day and then as soon as Europe closed, we flattened out. That’s been a constant theme where a majority of the volatility that we’ve seen on any given day has occurred during the hours that the European market is open and then we either flatten out or push a little bit back in the other direction when Europe is closed.

That underscores the importance of foreign central bank policy on domestic market movement. We’ve seen it with the Bank of England, Bank of Canada and European Central Bank in a very clear fashion on several occasions. There’s no reason to expect that won’t continue. Everybody’s favorite central bank is the Fed and that is the big to-do for the week ahead.

Granted, we do have other data coming out this week. ISM manufacturing is already out. There’s no major reaction. Non-manufacturing on Wednesday and then the big jobs report on Friday. Wednesday afternoon brings the Fed rate decision. No decision is to be made there. Rates are going to remain unchanged but the decision to announce the tapering of the Fed’s bond-buying programs has already been made.

Barring catastrophe, something crazy would have to happen for them not to announce. Everybody’s betting on it and they’d be foolish to forgo the opportunity. Some people are wondering if the Fed is tapering. If the 2013 taper tantrum is bad for rates, what does that mean? Are we destined to launch at even higher rates? The answer is emphatic, nobody knows. If we are going to launch to higher rates, it will have nothing to do with the fact that the Fed announces tapering on Wednesday. Markets have known this for a while. They’ve telegraphed it more clearly than they’ve ever telegraphed anything.

If we look at longer-term charts, we can see that yields have risen nearly as much as they did in 2013 in advance of tapering. We can also see based on past precedent that when the Fed backs out of the market, either via the scheduled end of a bond purchase program or a tapering discussion and then a tapering official announcement, bonds have rallied after that counterintuitive as it may seem. There is no rising rate implication associated with the tapering announcement itself.

The Fed does say other stuff. The more interesting stuff they may comment on is the rate hike cycle, the timing and the quantity of potential rate hikes. Markets, especially Fed Funds futures, which bet on Fed Funds rate levels at various points in the future have priced in two rate hikes for 2022 and that has been a rapid and recent change. If the Fed were to corroborate that, it would cause further drama in the yield curve but not necessarily for longer-term rates like tenure yields and mortgages.

Mortgages would be caught in the crossfire to a greater extent than ten-year yields because the average mortgage lasts less than ten years. It is more similar to something like a five-year treasury or at least, splitting the difference between a 10 and 5-year treasury. The big drama we’ve seen is in the spread between things like 5-year notes and 30-year bonds or between 2-year notes and 10-year notes.

All these yield curve trades have been the talk of the town as far as bond traders are concerned and there’s no reason to expect that to stop anytime soon. The interesting question will simply be, “How much will MBS and mortgage rates be caught in the crossfire?” More than anything, the bottom line is that don’t fear the taper.

We have seen this before. Markets knew it was coming from the moment the Fed began buying bonds in 2020 and the yields have done a good job getting in position for what they know is coming. Where we go from here will depend on new things that happen and we’ll discover as opposed to things that we are already able to predict with near-perfect certainty. As always, get a free extra to double-time trial to MBS Live with no credit card requirement by entering the code LOL in the signup screen on MBSLive.net.

You know why I give him a bad time about EOR. He has got that down low-key voice. I love what he does and brings to the show. He got a lot of compliments when I was at the conference on his content. Matt, thank you. Sign up for a service once you hear the jobs report coming up and some of the volatility that could be coming into the markets. Don’t fear the taper.

I don’t fear it but I’m nervous about it. It all speaks to potential volatility. You need to have a tool that you can use that will be able to give immediate updates on what’s going on. That’s why you need MBSLive.net. Sign up for an extra special because you get to have a trial period a little longer than normal. Let’s get over to Alice Alvey. Alice is CMB Vice President of Education and Training at Union Home. She’s got our legislative update. Alice, it’s so good to have you here.

It’s good to be here, Dave. Listening to Matt’s report, it’s great that he has that calm voice as he talks about all that market fluctuation. You don’t want anybody that’s overly excited like you and me. You want that calm demeanor. He came up with Les Parker’s next bit because you keep talking about don’t fear the taper. All I can think of was (Don’t Fear) The Reaper, the Blue Öyster Cult song. My update is a little granular on some agency stuff. First of all, FHA does have its revised handbook on the drafting table.

What I love about what they do is they highlight all the words that they’ve changed. We would all sit down and have the two books open side by side in the old paper world and have to go figure out, “Did they add a comma that changed the meaning of something?” In these 4,000, there aren’t a ton of changes but a few little things that some lenders were doing, because they may have gotten answers from FHA and others, weren’t. They cleaned up a couple of things.

One that they are highlighting is that you don’t need to verify twelve months of payments on time for a contingent liability as the result of a divorce. I love when we don’t have to get extra paperwork. You don’t need an access letter for a joint account. There’s some information in there that’s trying to loop in third-party responsibilities on appraiser independence and then adding the verbiage for their new FHA Catalyst system for the appraisal portal that’ll be rolling out in March of 2022. There’s nothing super earth-shattering with the new 4,000 but a few tips and tricks here and there that originators will love.

The other update I have is Ginnie Mae issued an all-participants memo, an APM, clarifying the seasoning requirements on VAs and how it would apply if you are refinancing a modification. The way it was worded in chapter 24 of their guide was a little mixed up, whether you were talking about a modification itself of the loan that you have in servicing that you’re pulling out of a pool and putting back in perhaps or you’re a lender like us. Maybe we’ve got some other lender’s loan and we are refinancing that loan. The borrower is in a modification or the loan has been modified.

They’re getting some clarification out around that. I want to give lenders a heads-up that our special guest, PennyMac, had some clarification too in their guide that was very helpful online. This has been around and some lenders are feeling if this is new or old guidance. You could see enough of the good shops out there had it already in place. Here’s a heads-up to companies. You want to take a look at this right away. Make sure you’ve got some systems in place to catch that VA loan. You are refinancing a modification. If you miss this, you have some challenges.

Modifications aren’t there with flashing red lights in a loan file. You’ve got to dig for a red flag and sometimes go the extra mile. A heads up from lenders. It does appear even with the heading of the memo that Ginnie Mae’s calling us a clarification, which means your pipeline has to already be in compliance with us.

The other quick thing is don’t forget to catch up on Fannie and Freddie’s changes for condos as a result of that structural collapse that was so devastating in Florida. They have some extra requirements in place that everyone’s going to have to make sure they’re on top of. You think of the liability that goes beyond the building and the mortgage but the liability for the project of the people who are around there are secondarily impacted.

Domestic Market Movement: Remember to catch up on Danny and Freddy’s changes for condos as a result of that structural collapse that was so devastating in Florida.

It’s a big deal and as lenders, it’s a new territory to tread to make sure the appraisers are giving you complete information and the homeowners association also on any litigation pending and possible structural defects. Make sure you’re talking to your teams about that and getting them all up to speed. There shouldn’t be any surprises on that one. Everybody should be on board. We don’t want to blend on that project. That’s my update to you, Dave. Back to the show.

There’s some great stuff in there. With that condo story, I was wondering at what point it’s going to have ramifications from that. First of all, I thought a lot has been lost but you start looking at how we go back to something that was built many years ago. With the structural defects, what is going to be required out of that? Thanks for highlighting that. One of the questions came in from one of our readers and it also echoes Bobby nicely over there, who’s one of our faithful readers. How are you responding? What are you hearing about lenders responding to this?

I don’t have any insider information. At the end of the day, we’re going to have to wait and see what the feedback messages come out to be. It’ll be that you get the feedback message that says it’s eligible for 2055. There is a lot of pressure on Fannie and Freddie to offer some relief to the extent that we know they are very capable in this industry.

The pressure has to be on them to say, “We are struggling to get appraisals. You have data. Let us leverage the data. This is a borrower benefit. It’s not us trying to take a shortcut. Your loan is still properly secured. We don’t know how much of this we’ll see. Once it rolls out, we’ll be able to share more.” That was quite the big scoop of information without a lot of detail that happened at the MBA.

There are two big bottlenecks as you look at the process, Alice. The training in Union Home is so progressive. That’s why many people look at what is Union Home doing on that front. When you look at where is this going, what are the two bottlenecks? Is it appraisal and title? If new things are developing and interesting titles, the company is coming on the show to hopefully address more. Lots are coming down and there are initiatives underway.

I promise I will share once I hear something but as of now, I don’t have any.

I’ve been calling around too. I’m not hearing anything other than we’re looking at it, going back, using what the old option was and working with that until it comes forward but they’re launching it. It is not back yet. What do you do with that? We’ll find out what PennyMac might be doing. Alice, thank you so much. You are beloved and the content that you bring out is always meaningful. Thank you so much for adding to the value of this show. Alice, we truly love you and appreciate you. Say hi for me to your amazing husband Andy.

I will. Thank you very much. I appreciate that.

Let’s get over to another amazing contributor, Allen Pollack with the tech update.

I’m going to throw out a bad Halloween dad joke and then get into some fun stuff. The bad joke, David, is what’s a ghost’s favorite dessert? It’s ice cream. Don’t hang up because we got good content coming, we promise. It’s funny we talk about the appraisals that Alice was talking about and potentially, do we allow for desktop appraisals? A lot of people ask me a question and I don’t even have the answer to it.

I’m going to raise it, which is who raised all the values of the homes. Did the demand become so low that people overbid and homes sold for a higher price and then new listings said, “They went for a higher number? I’m going to go for a higher number.” The appraiser said, “Okay, or were there enough people to pay for more than what the homes were worth?” Ultimately, we created a new benchmark for home prices. That’s a big question. What is the answer to that question? Who allowed the values to rise? Was it purely a part of the demand and the rise or the shortage of inventory? Do you know the answer to that or do you want to take a shot at it?

I can take a lot of shots of the speculation but I seem to get myself in trouble so I’ll avoid that one.

We can answer it another time but for the folks that ask me that question, I’m sorry. I don’t have a perfect answer. David, I thought we can talk about global warming and the supplies that are floating in the Pacific or even better, we can skip all that and talk about how to engage your internal technology staff there. That’s more important.

First, this was a big shocker. 7 months after a $16 million series B round, digital mortgage platform, Maxwell, has raised $52.5 million. A source has told Bloomberg and I’m reading some of their comments that the latest financing split between $28.5 million in equity and $24 million in debt values $450 million. That’s a crazy number, especially since Maxwell because there’s a lot of competition out there. They’ve done some wonderful things. They also launched Maxwell Capital acting as a dedicated investor for small banks and credit units. It’s an unbelievable strategy.

They’re driven and doing great. Check out Maxwell. Get this. David. We also know Floify. They’re more of a platform where a lot of brokers were using their credit cards to pay for 1 off, 2 off, not so much of the enterprise platform. They sold $90 million to a company proptech called Porch Group. It’s a Denver-based company.

If you don’t know too much about Floify, it costs Porch about $76.5 million in cash and $10 million in common stock for Porch. They’re going to be investing to further help qualify as customers stand apart by making home purchasing and the moving process much easier for borrowers. It seems that having the online right-front-facing point-of-sale technology platform is a way to create a service that fits all. Even if you have partners that are within it, you create one omnichannel experience and that’s what everybody wants. David, get it. The news keeps on coming.

Rocket Mortgage has partnered with Salesforce to bring more technology to lenders. It’s going to be called Mortgage as a Service and it’s going to be in the financial cloud of Salesforce. It’ll support a POS and LOS for financial institutions. How about that? If you didn’t think I had enough amazing news, it gets better. There’s an article in National Mortgage News and it parlayed perfectly into what we were talking about called Build a Better Tech Stack. They’ve got five items. I’m going to list them real quick. It’s so spot on.

Domestic Market Movement: Rocket Mortgage has partnered with Salesforce to bring more technology to lenders. It will be called Mortgage as a Service, and it will be in the financial cloud of Salesforce.

If you’re looking to build a new tech stack, you need to consider these five things. eLending, web-based and mobile-based browsing solutions, OCR and ICR, automated data gathering and analysis and AI and Rules-based Workflow. That article couldn’t be more spot on. If you’re looking to revise your strategy and new vendors, go read that article. There’s a little bit of content around those five topics but it is spot on.

What the article doesn’t talk about is how to put a tech staff around it. You’re going left, scrolling, reading this article and moving right. What do you do? One thing, David. You and I have talked to many people about this. I’m going to bet not a lot of people have this but the question is, do you have a technology board of advisors? Do you have an executive group? Not your corporate executive group but how are you driving tech strategy?

Remember the question a long time ago about many shows. There’s a difference between a CIO, CISO or CTO to a VP of technology. We probably should dig that backup. If you’ve got the same guy who built your system as the same guy who’s your CIO, CISO or CTO, is that your tech strategy? Did they graduate from fiddling, managing and playing with those systems every day to being part of the corporate strategy to drive profits, reduce costs and accelerate your brand?

That’s what you need. You need an executive group or a specific team that’s circled your tech strategy. This article is on Forbes. It’s a good article. I’m going to talk more about how to work with offshore development next time or get further into this. I wanted to bring this up real quick because it’s so good. It’s called 16 Ways to Keep Your Tech Team Happy and Motivated.

Since it’s in Forbes, I like it because they’ve talked to several people rather than an opinion letter that’s in another place online. What’s good is to share good and bad news equally. For many of us, especially on the tech side, you always hear bad news. You always hear things that we’re going to do in the future but how often do you share the good news? Even if it’s nothing more than a customer that sent an email that said, “You made my day. Thanks for getting this done quickly,” share that with that tech staff. They need to see that.

Not just your management tech staff but share it with the guys that are coding. The next one is regularly reviewing performance based on tangible metrics, being able to set a goal and show them that they’ve achieved that goal. Spread the news, challenge them and create new opportunities for them. Tech folks sometimes don’t want to sit in the bubble and do just that forever, even if it’s a temporary project that you whisp them away and you give them some special mission. You complete that mission, come right back and continue to do wonderful things.

They want opportunities and do new things. The number one thing I’d say out of everything I went over David, we’ll end the segment on this. Give them work-life flexibility. Let them know family comes first. They’re important and they are family but their family comes first. That’s the most important thing to keep your tech staff happy.

It’s so interesting you bring that up because I was talking to another individual who resigned on that one issue. He had a death in the family and was made to feel guilty for almost going to the funeral. When he got back, no one asked him anything like, “How are you doing? What’s going on?” It’s amazing how sometimes insensitive we can be but maybe that’s why I’m excited about our upcoming hot topic because whomever we have coming on is a plug-in for all of that.

Allen, thank you so much. I appreciate your tech update. That was Allen Pollack. If you want to reach him as many of you do, get ahold of him at Allen@TMS-Advisors.com.That’s his email address. He works as an advisor. He works on boards. He does a lot of stuff. When does that man sleep? He’s got three daughters. I look forward to having you back next time, Allen. Thank you so much. I got a lot of feedback on your segment as well. It’s great stuff. I appreciate it.

Thank you.

It’s good to have you here with us. Proceed onto the next topic because we’re going to start the hot topic. We’ve got some exciting topics coming up. I’m very excited about continuing the topic of how you connect with people. I want to say special thank you to our sponsors, Finastra, CMLA, MBA or Mortgage Bankers Association, Mobility MMI, Knowledge Coop and The Mortgage Collaborative. Have a great time.

Important Links

• PennyMac
• LudwigPlus
• IndustrySyndicate.com
• Mortgage Bankers Association of America
• Michael Fratantoni – Past Episode
• Finastra
• Karen Jenkins – Past Episode
• Lenders One
• The Mortgage Collaborative
• Mortgage Lenders of America Association
• CMLA
• Insellerate
• Josh Friend – Past Episode
• Mobility MMI
• Modex
• Snapdocs
• TMSpotlight.com
• PowerSeller
• MBSLive.net
• Union Home
• Maxwell
• Floify
• Porch Group
• Rocket Mortgage
• Salesforce
• Build a Better Tech Stack – Article
• 16 Ways to Keep Your Tech Team Happy and Motivated – Article
• Allen@TMS-Advisors.com
• Knowledge Coop