The national average total closing costs for a purchase mortgage transaction were $4,661. This amount consists of a national average of 1.06% of the home sales price.
Welcome back to the Lending Leaders Podcast! For this year’s Summer Session, we’re trying something a little different. Tune in to find out what Jim and Alayna have in store!
First, change is inevitable. Second, no business is “too small” to seek continuous improvement, especially in their own processes.
Some of the greatest examples of fulfillment and purpose through employment that I’ve heard about have happened for people working for small businesses.
we still see way too much of the strategy that demands mass hiring in robust markets, then mass layoffs when those market cycles change.
LodeStar is among the 5000 fastest growing private companies of 2022. Not just in the mortgage and real estate industry, but in the entire national economy. We’ve just been named to the Inc. 5000!
It’s rare that we see any type of progress—of any kind—happen in a consistent, linear fashion. That’s certainly the case with DEI efforts in our space. They’re happening. Progress is taking place.
It’s a poorly-kept secret that more than a few LOs still believe that it’s all about the rate, the rate and the rate—nothing more. And yet, somehow, the best LOs manage to produce in any market.
There are two factors that “traditionalist” employers in any industry—but especially a highly-traditional industry like ours—had better absorb quickly. First, almost half of the global workforce is thinking about quitting. Second, there’s no safety in homogeneity
The digitization of the mortgage loan process, although at times painfully slow, has come a long way. Especially in the past 10 years. And as that digital revolution has unfolded, we’ve seen a few distinctive phases.
Read our CEO Jim Paolino’s Deeper Thoughts and get the latest mortgage industry news.