Remove 2001 Remove Lending Remove Loan Officers Remove Marketing
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Guaranty Home Mortgage hires EVP to expand retail channel

Housing Wire

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday.

Retail 344
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Guaranteed Rate’s Larry Steinway makes the jump to Revolution Mortgage

Housing Wire

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending.

Mortgage 334
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Nonbank lender job cuts could shorten the market downturn

Housing Wire

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 330
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Interfirst to lay off 140 employees

Housing Wire

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Presented by: Acra Lending. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns.

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Some mortgage companies expanding despite challenges

Housing Wire

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers.

Mortgage 382
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 338
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Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. in 2001 to 44.8%

Insurance 366