In his new job, Olsen will provide software support for OpenClose sales executives catering to mortgage bankers, credit unions, community banks and other real estate entities. Olsen was previously at Ellie Mae as a senior technical sales engineer managing enterprise LOS pre- and post-sales engagements for their core as well as add-on services. Prior to joining Ellie Mae, Chris was a project manager and associate vice president at JP Morgan Chase.Lender reports a 62-basis-point reduction in loan-level pricing adjustments for qualifying transactions and removes an 80% LTV restriction as alternative credit scoring gains traction
CrossCountry Mortgage is reporting an estimated $2,500 in average borrower savings from its adoption of VantageScore 4.0, adding to a growing body of lender-reported results showing how competition between credit scoring models is translating into lower loan costs.The Clevel...
After years of chasing production numbers, one mortgage sales veteran learned that closing deals means little if you lose the trust of the people behind them
"Listen, your credit is crap. If you don't want the deal, move on."I said that to a borrower once. Word for word. The part that bothers me now isn't just what I said. It's that I didn't think about him again. He walked out, and I went right back to work.Early in my career, I...
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