Wednesday, August 30, 2017

Lender Disaster Updates; Tech Survey Interview; Wells' Rate Lock Lawsuit

Posted To: Pipeline Press

I love it when a roomful of 50, 60, or 70-year old residential lenders is complaining to me about a lack of "new blood" in the business, and I ask them if any of them have training programs for new loan officers or underwriters or AEs. Or any job. And they look around in kind of a startled, "I'd never thought of that" way, and then find someone and ask, "Herbert, didn't you guys have one?" and Herbert snorts, "We stopped doing that in 2003 – don't the big banks do them?" I hope that you have an answer for a young college grad who wants to enter the business and work for a company that will train them. Legal News Of course, anyone can sue anyone for anything. Big banks are an easy target, but Wells Fargo has led the pack...(read more)
Forward this article via email:  Send a copy of this story to someone you know that may want to read it.


from Mortgage News Daily http://ift.tt/2vslsGF

No comments:

Post a Comment