USMI names Seth Appleton as its new president

U.S. Mortgage Insurers (USMI), the association that represents the nation’s leading private mortgage insurance companies, announced on Wednesday that it has named Seth Appleton, current president of the Mortgage Industry Standards Maintenance Organization (MISMO), as USMI’s new president. Appleton will assume the new role in January 2023. “With a deep

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How can an introvert thrive in a mortgage sales role?

Let’s face it, mortgage sales is not for the weak. It takes tenacity, thick skin and a hustle-hard mentality. As an introvert, when I first started in the operations side of the mortgage world I dreaded the weekly pipeline calls with the sales manager I supported. They were abrasive, fast-talking

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Pam Patenaude joins NHC board of governors

Pamela Hughes Patenaude, former Deputy Secretary of Housing and Urban Development, joined the National Housing Conference board of governors. She is also the co-chair of NHC’s National Advisory Council. “Pam’s broad range of leadership experience in housing policy, real estate, and disaster recovery will make a significant contribution to our

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Cooler inflation data sends mortgage rates lower

On Tuesday, the Consumer Price Index (CPI) data came in cooler than expected, and the bond market loved it, driving mortgage rates lower. Where do we go from here? Headline inflation is still very elevated historically, but the trend can be our friend over the next 12 months. I say

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How LOs and brokers should approach 2023

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. HousingWire sat down with Mike Fawaz, senior vice

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Why “instant title” is a misnomer for mortgage lenders

In today’s high-rate environment, lenders are looking for innovative ways to optimize and automate processes for maximum cost savings and efficiency without compromising on the consumer experience. HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid, about the need to redefine “instant title” to focus on

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With SPAC, Figure plans merger with mortgage bank

Figure Acquisition Corp. I, a blank check company affiliated with fintech Figure Technologies, plans to merge with a warehouse lender and bank holding company to potentially bring blockchain technology to the financial institution.   The special purpose acquisition company announced Friday that it signed a non-binding letter of intent with the

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