Mortgage Software for Mortgage Bankers

Citigroup Courting Correspondent Lenders: Are You On Board?

Posted by Frank Bocchino on Thu, Jun 05, 2014

Citigroup Inc.  is seeking to increase its U.S. mortgage business, partly by increasing purchases of home loans from other firms, according to Jane Fraser, who oversees the lending. The effort to expand Citigroup’s share of a market curbed by higher interest rates, consumer aversion to debt and new regulations will include a renewed focus on buying mortgages from correspondent lenders, Fraser said. It plans to use its balance sheet to hold loans as part of the push, she said.

What about your organization? Are you atking advantage of the burgeoning correspondent lending business? 

OpenClose has developed a great correspondent lending guide on what you need to know including the pitfalls and tips.

Download the free eBook here.

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or if you're ready to see the software, click here:

Correspondent lending

Topics: Loan Origination software, Loan Management Software, correspondent lending, correspondent banking, correspondent lenders

Whitepaper: Correspondent Banker Best Practices

Posted by Frank Bocchino on Tue, Sep 24, 2013

 

West Palm Beach, Fla., September 24, 2013 – Correspondent Lenders who try to capitalize on the opportunity too quickly may find themselves in deep trouble, according to a new eBook from OpenClose. Not So Fast, Correspondent Lenders: What You Need to Know and the Three Traps that Could Cost You Thousands.  According to the author, it's not correspondent lending that’s precarious, but the lack of checks and balances that are needed to do it successfully. The eBook provides residential mortgage bankers with insight on what to ask their correspondents and investors, how to avoid common pitfalls, and help on choosing the right tools and staff.

 

 “The terms ‘correspondent’ and ‘correspondent lending’ are thrown around so freely these days but what they mean and how to go about pursuing it correctly was difficult to find,” says author Frank Bocchino, vice president marketing & social media of OpenClose. “Consequently there are many misconceptions bankers tend to have so we wanted to create a quick guide for residential mortgage lenders. This eBook sheds light on how to proceed wisely.”

 

Not So Fast, Correspondent Lenders: What You Need to Know and the Three Traps that Could Cost You Thousands. is available for a free download here. http://openclose.sites.hubspot.com/correspondent-banking-software-press

 

About OpenClose
OpenClose is a pioneer of Software as a Service (SaaS) computing solutions for the financial industry since 1999. With OpenClose Social, its social media management software users can easily create and post social media content simultaneously on Facebook, Twitter, YouTube, LinkedIn, corporate websites and blogs. It allows marketers to automatically aggregate pertinent news and content for writing, reposting, and distribution. Administrators can then monitor, track and analyze what’s being said about their company, and competitors. Options include group discussion (forums), blogging; lead management, and multiple accounts posting. Visit the company’s Web site at www.openclose.com

 

 

 

Topics: correspondent lender, correspondent lending, correspondent banking

Get the Correspondent Lender's Best Practices

Posted by Frank Bocchino on Wed, Aug 07, 2013

Free eBook: Correspondent Lending Best Practices.

Unsure about the correspondent market? Don't have the proper tools or fail safes in place? Now there's a free eBookthat give you best practices on how to proceed as well as help you avoid some common mistakes.

"Not So Fast, Correspondent Lenders" will help correspondent lenders through the precarious, road and suggest checks and balances that are needed to do it successfully.

The eBook provides insight on what to ask, how to avoid common pitfalls, and help on choosing the right tools and staff.  You will learn how to:

  • Uncover hidden benefits
  • Avoid the traps
  • Make the most of your resources

Download the definitive eBook on correspondent lending for FREE!

Download eBook

Topics: correspondent lender, correspondent lending, correspondent banking

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