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loanDepot plans to launch ‘digital’ HELOC in Q3

Housing Wire

” 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.

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Community lenders will thrive in 2021’s purchase market

Housing Wire

The community lending segment has experienced impressive growth over the last 10 years. From 2010 to 2016, for instance, the top five depositories saw mortgage origination fall from 64% to 25% , a loss of ~$500 billion in originations.

Marketing 382
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WFG reports its highest volume months ever during Q2 and Q3 of 2020

Housing Wire

Patrick Stone was looking both ways when he took steps to launch Williston Fina ncial Group (WFG) in January 2010. “The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. Building the right team to build the best reputation.

Insurance 367
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MBA’s Mike Fratantoni on measuring mortgage competition

Housing Wire

However, I expect that you would find no argument with the following statement: Mortgage lending is a highly competitive business. Thus, measuring the level of competition in the mortgage industry should similarly focus on the competitors who interact with the consumer at the point of sale: retail loan officers and brokers.

Mortgage 367
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NAR Appraiser Survey July, 2023

Appraisal Today

One-quarter (26 percent) cite technology fees (not an option in 2022). 2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. This is up sharply from 27 percent last year. UPDATED No. See AIR sections I.B.(9)