Posted To: Pipeline Press“Rob, the number of vendors at mortgage conferences seems to be growing. Any idea how many vendors (vs. lenders) there are?” I had no idea but turned to Ginger Bell who keeps up with such things. She replied, “We’ve counted more than 1,400 that are specific to residential lending! And that doesn’t even count those outside of the industry that lenders may use such as insurance, payroll, etc.” Good luck keeping up with them. If your company doesn’t have a dedicated vendor manager, who’s in charge of deciding if, why, where, and when to use certain vendors? The CEO? Does she have time for vetting them? Vendor News Block66 recently announced the creation of a platform that aims to reduce mortgage fraud by imbuing the mortgage origination process with…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631