There is lots of chatter about QMAR closing down today. If this is true many loan officers and branch managers will not only lose their jobs but also the commissions they are owed for loans closed in the past week or two. That could amount to thousands of dollars per loan officer!

Wisconsin Attorney General Peg Lautenschlager announced today that her office has obtained judgments in Racine County against First American Funding, LLC, of Columbus, Wisconsin, for violations of Wisconsin’s no-call laws.  The company allegedly illegally called consumers registered on Wisconsin’s No Call list, marketing mortgage lending services.  The company was ordered to pay $2,384 for 16 violations.

“The judgment enjoins the company from violating Wisconsin no-call laws and imposes a forfeiture and penalty for past violations,” Lautenschlager said.  “The Wisconsin Department of Justice vigorously enforces the No Call law and regularly seeks and wins judgments against violators.”

According to Lautenschlager, the company also apologized for any telephone solicitations made to Wisconsin customers on the no-call list and pledged to make every effort to fully comply with the no-call laws in the future.   

The judgment was obtained by the Attorney General’s Office of Consumer Protection in cooperation with the Department of Agriculture, Trade and Consumer Protection, which conducted the initial investigation.  Assistant Attorneys General Meredith Early and Nelle Rohlich represented the State.

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interfirst_3_24.pdf

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All matrixes from Scotsman Guide’s residential and commercial magazines are now searchable online. Mortgage brokers can search residential wholesale lenders in seven categories: Prime, Alt-A, Nonprime, High CLTV, Construction, Hard Money and Warehouse Lines. For commercial lenders, brokers can search four categories: Commercial, Multifamily, Hard Money and Construction.

These search engines are just another way that Scotsman Guide helps mortgage brokers connect with wholesale lenders and fund their loans. With just a few simple steps, Scotsman Guide’s fast and free online search engines allow brokers to find lenders that fit their specified criteria. When viewing their search results, brokers can save their searches for future use, view program details by company and print their results in a matrix format. Scotsman Guide’s online lender directory gives brokers additional contact information for the companies that appear in their search results.