How Mortgage Lenders Can Empower Loan Officers With Social Media

Posted by Shelby Cutright on June 25, 2019

Predictions for the future of the housing market are positive. Last fall, the Mortgage Bankers Association predicted that mortgage originations will hover around $1.63 trillion in 2019 and increase to $1.68 trillion in 2020.

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Topics: social media strategy, mortgage, social media for loan officers

How to Maintain Social Selling and Compliance for Larger Teams

Posted by Meghana Hermes on April 23, 2019

 

 
In a Gallup poll of more than 3,000 randomly selected employees, only  36% of those in banking and financial services reported understanding what their companies stand for and what sets them apart from competitors. 
 
 
This disconnect between employees and brand messaging is just one of several reasons that banks might hesitate to transform their employees into brand ambassadors on social media. The brand’s identity could become inconsistent, and depending on what’s posted, the company could expose itself to compliance risk.
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Topics: mortgage, social media for mortgage, Social Media Marketing, social media management and compliance

TRID: Countdown to Compliance for Mortgage Lenders

Posted by Mikki Ware on July 1, 2015

Mortgage lenders have been required to provide two different disclosure forms to borrowers under the Truth in Lending Act (TILA) and Real Estate Settlement Procedures Act (RESPA) since the early 1970’s. However, inconsistencies in wording and content prompted a revision of the forms, and the Consumer Financial Protection Bureau (CFPB) began that process in July of 2012. In November of 2013, they issued their final rule, integrating TILA and RESPA disclosures.

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Topics: compliance, mortgage, social media compliance, Social Media for Mortgage Banks

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