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Tools and Services for Mortgage Originators


Current News About Loan Originator Tools

Last Updated Tuesday, June 03, 2008 10:26 AM Texas Time

Technology Boosts Mortgage Lead Conversions
A new offering promises to help loan originators convert more mortgage leads by delivering prospect data to mobile phones and other wireless devices as soon as the customer makes an inquiry.

Marksman Mobile is being launched by Mortech, company officials told MortgageDaily.com Thursday.

The service combines features of Marksman, which is a product and pricing engine that includes customer relationship management features, with a mobile platform that is linked to mortgage lead provider data.
read full story



Customers for Life
Originators who help save prior customers from foreclosure will make customers for life. Not only will they return someday when they qualify for new financing -- but they'll tell their friends and relatives about the originator who helped save their home. Nearly 100 foreclosure prevention resources, including some state-specific, at:
www.MortgageDaily.com/ForeclosureResources.asp (subscribers only)

New FHA Forms
The Federal Housing Administration has developed a new transmittal form and updated a loan application addendum form.

Sales White Paper
An expert analysis of key sales principles. "If you can't
improve your sales from this white paper, then either you're
already the best in your class or you should get out of sales."

Credit Score Technology Boosts Prospects
A new study suggests that mortgage bankers could increase their pool of qualified prospects while weeding out consumers with artificially inflated credit scores by using VantageScore. The recently developed credit scoring system reportedly helps distinguish between high risk and low risk subprime borrowers.

Stories For Salespeople
Loan Originator News
Advice About Improving Sales
Tips for Mortgage Loan Sales
www.MortgageDaily.com/Sales.asp

Wholesale Goes Google
Nonconforming wholesale programs have significantly diminished as of late, and vertical search engines are pulling out all the stops to help mortgage brokers find available programs. Some wholesale search engines, which have seen their relevance balloon, now include credit reporting services in their offerings.

Wireless Mortgage Industry News
Read mortgage industry news on PDAs,
wireless phones and other handheld devices.
MobileMortgageNews.com

Companies Boost FHA Focus
IBM Lender Business Process Services Inc. said it has been approved and licensed to conduct origination services for government-insured loans. The regulatory actions were taken as IBM said it sees opportunity for its private label business with the growing demand for FHA.

Mortgage News Podcasts
Download or listen to summaries of mortgage
industry news from MortgageDaily.com for your
iPod, PDA, MP3 player or wireless phone

Low Credibility for Mortgage Ads
The majority of Americans don't trust mortgage advertisements, according to a new survey.

Mortgage Technology Times
Although a big chunk of prospective borrowers prefer self-service technology, they still want face-to-face advice about getting a mortgage, a recent survey indicated. A new strategic alliance ensures secure loan processing with documents that are compliant with all state and federal regulations.

Building Business Through Wealth
Any loan originator can earn $500,000 a year, according to one superstar. The secret to succeeding -- whether or not times are slow -- is focusing on helping prospective borrowers build wealth.

LOS Advancements
Recently launched loan origination technology promises to provide approved brokers with wholesale loan options as they input the application, though one competitor criticized the intrusive nature of the offering.

LOS, AU & Servicing Technology
While there was plenty of activity in servicing technology, improvements to front end applications dominated mortgage technology business during the latest week.

Best Web Sites
Despite tough times in real estate finance, the most savvy lenders are spending heavily on their Web sites, according to a new study. But plenty of mortgage sites could use some big improvements.



Mortgage Advertising
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MortgageDaily.com -- a dominant online news source for the real estate finance industry.
Mortgage ads available on specialty news sections, high-traffic pages and mortgage newsletters.
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Mortgage Originator Tools
News about pricing, technological and selling tools
for loan originators.