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.
For this special episode of the Full Disclosure podcast, Jim and Alayna are returning to their Lending Leaders roots and welcoming an exciting guest, Brian Vieaux, CMB, the new president of MISMO. Together they discuss the future of mortgage industry standards and how rapidly AI is changing the game.
LLL recently had the pleasure of sitting down with Kevin Peranio, Chief Lending Officer at PRMG, Inc. Kevin has been in the industry for a long time and is no stranger to rises in falls in volume. He shared some of his wisdom about how to endure in changing markets, and how to build a business designed for the long haul.
We recently announced that LodeStar’s own client superstar, Kelsey Wright (our Director, Customer Operations) completed a certification class with our partner ICE Mortgage Technology. The result is that Kelsey is now a certified Encompass Administrator.
LodeStar is looking for lenders to beta test an exciting new product. This product will allow lenders to disclose monthly and one-time mortgage costs to borrowers before receiving an application.
The mortgage industry has finally started taking automation and digitization seriously. Extremely seriously. And we welcome that.
LLL recently had the pleasure of sitting down with the CEO and co-founder of paymints.io, Jason Doshi. Jason brings a wealth of knowledge about the mortgage industry and how technology empowers client service. We were eager to pick his brain and hear about his experiences!
The intention here is not to provide an answer or preach about the evils of trade conferences. Far from it. But we are asking a question that we think it’s time to start answering: isn’t it time to modernize the way we gather and network as an industry?
LLL recently had the pleasure of sitting down with LodeStar’s own Kelsey Wright, Director of Customer Success. Kelsey just became an Encompass Admin, and we wanted to hear about her experience.
What if the idea that tech puts your employees out of a job was a myth? What if effective automation and digitization actually allows employers to mobilize their people to more engaging, rewarding jobs that require more complexity and ownership?