2010 Lending Loan Officers Marketing 
Housing Wire
NOVEMBER 28, 2023
The Consumer Financial Protection Bureau (CFPB) imposed a $12 million penalty on Bank of America (BofA) for violating federal laws by submitting false mortgage lending information for about four years, it announced on Monday. The bank’s conduct violated HMDA, Regulation C and the Consumer Financial Protection Act of 2010, the CFPB states. “It
Housing Wire
MARCH 10, 2021
In the last decade, community lenders—those credit unions, community banks, and independent mortgage banks who serve their local markets—have grown to own the market. Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance.
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Housing Wire
MAY 26, 2022
As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. The conventional 30-year mortgage rate would have to be in the mid- to high-5% range for the ARM to be in the high-3% range,” said a loan officer in Washington.
Housing Wire
OCTOBER 11, 2021
According to FHCCI, out of the 2,250 mortgage loans made by the bank from 2019 to 2020, a measly 37 were to Black borrowers across the entire Indianapolis market. Furthermore, the fair housing organization concluded by way of an in-person test that loan officers from Old National treated Black testers less favorably than white testers.
Housing Wire
MAY 3, 2022
” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments. market share for the entire year, up from 2.5%
Housing Wire
JANUARY 24, 2023
Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.
Housing Wire
DECEMBER 11, 2020
A few short months after Shant Banosian became Guaranteed Rate ’s first loan officer to originate $1 billion in a year , another Guaranteed Rate loan officer has joined that exclusive club. I’ve been with Guaranteed Rate since 2010, and when I came on, I was originating about $40 million in business.
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