How Wells and Chase Results Reflect Overall Mortgage Trends - Citi Video; Basel III to be Delayed?

Will Basel III be delayed? Maybe! Here is the latest: http://www.bloomberg.com/news/2012-10-11/eu-said-to-weigh-delaying-basel-bank-rules-for-up-to-a-year.html. Many believe that what’s wrong with Basel III is that while its intentions are good, its unintended consequences for banks and, in turn, mortgage lending, are dire: http://www.forbes.com/sites/shawnbaldwin/2012/10/12/basel-barriers/.

But Basel issues are not stopping hiring in the mortgage sector! BluFi Lending, a San Diego County, CA based direct lender is expanding and looking for a few key positions to enhance its existing team.  BluFi is actively licensed in 5 states with 4 more states on the way and currently has approximately 125 employees in California.  BluFi is looking for a Controller with 10 years of experience preferably in the mortgage industry and a CPA license desired.  BluFi is also looking for an Underwriting Manager with both DE and VA designations, a Post Closer with Investor Reporting Experience, and a Processing Lead with 5 years of experience to round out their existing staff. Local candidates are preferred but remote candidates will be considered. To apply please visit www.bluficareers.com.

And up the coast, a regional mortgage banker in the SF Bay Area is searching for a Loan Officer Assistant to support the Branch Manager and top producing Loan Officer. The company is highly respected with a strong presence in the local marketplace. Located in Berkeley, this office currently produces $150-$200 Million annually with in-house processing and local underwriting. The ideal candidate currently supports producing loan officers, is highly organized, understands the real estate transaction, customer service oriented and proficient in technology including Calyx Point, MS Office Suite and Optimal Blue. Candidates should contact Paula Elazier at pelazier@rpm-mtg.com.

You think it is easy being the Fed chairman? Guiding the economy is kind of like steering an old steamer? Try again - this little game will amuse someone out there...

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Source: http://www.mortgagenewsdaily.com/channels/pipelinepress/10152012-well-and-chase-results.aspx

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