Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 billion in closed loans in the first quarter of 2020, more than double its originations in Q1 2020. billion, a dramatic increase from the $99 million in profit the first quarter of 2020. billion in the first quarter of 2020. Expenses rose to $1.74

Mortgage 405

Mortgage Real Estate Agent Real Estate Clients 405

Housing Wire

MARCH 9, 2021

The finance giant will also begin training home lending advisors and client care specialists in the reconsideration of value process and fair lending issues related to appraisals. JPMorgan quickly denied any wrongdoing or racial bias upon the homeowner filing a complaint in October 2020.

Reconsideration of Value 450

Reconsideration of Value Appraisal Valuation Appraisal Process 450

Appraisal Buzz

JUNE 10, 2021

Through the partnership with SkillBridge, Clario’s training program will upskill and employ 35 active service members transitioning to civilian life in the next 12 months. To apply for the training program, visit this website. We specialize in real estate valuations for the mortgage lending and financial services industries.

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

FEBRUARY 17, 2022

Fairway Independent Mortgage Corporation , Fairway Wholesale Lending and the American Warrior Initiative (AWI) wrapped up last year by granting 16 service dogs to 16 veterans in a timespan of less than one hour. When I began to originate loans for active-duty military clients in Leesville, La.,

Training 290

Training Lending Clients Mortgage 290

Housing Wire

JUNE 30, 2021

During this period of significant opportunity for purchase transactions and refinances, brokers and wholesale correspondents (non-delegated) need to align to wholesale lenders that provide deep industry expertise, comprehensive products and efficient operational support to support their clients’ strategies.

Mortgage 196

Mortgage Clients Training Government 196

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. There are few more serious sins in the lending industry than earning a repurchase demand. First, is there a formal, written program in place?

Lending 403

Lending Law Loan Officers Clients 403

Housing Wire

MARCH 5, 2024

trillion in mortgages were originated in 2020 and 2021, the Mortgage Bankers Association (MBA) reported. And then, we help buyers’ agents show their clients inventory that they otherwise did not know they could afford. As a result, the industry hasn’t been trained on the ins and outs of the assumptions. Raunaq Singh About $8.5

Mortgage 389

Mortgage Buyers Agents Real Estate Agent 389

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 314

Lending Loan Officers Real Estate Mortgage 314

Housing Wire

FEBRUARY 29, 2024

In our training, there’s so much focus that we can’t do anything that would be even accidentally discriminatory.” Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. Fair lending concern To start, here’s how pricing exceptions work.

Loan Officers 362

Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

DECEMBER 16, 2021

“Market dynamics in early 2020, which have caused significant disruption to the origination and servicing markets, accelerated our plan to reenter the market with our new business model in a more robust way with a broader relaunch of the Company,” Mark Freedle, Interfirst’s executive vice president of production, told MReport in July 2020.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

MAY 18, 2021

It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry.

Mortgage 202

Mortgage Training Clients Development 202

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. It currently offers virtual closings for clients, at their convenience. “The process is quite arduous if you want to start it on your own. .”

Insurance 243

Insurance Agents Training Valuation 243

Housing Wire

AUGUST 31, 2023

Last year, Freddie Mac launched another solution that allows a trained property data collector to visit the home and gather images, measurements and property characteristics. A trained and vetted third party can perform the data collection. More recently, Fannie Mae launched a similar solution.

Modernization 327

Modernization Appraisal Inspection Valuation 327

Housing Wire

JANUARY 26, 2024

Support and Training: The level of training, mentoring, administrative, and marketing support provided to agents. KW is known industry-wide as having some of the most comprehensive training programs for new agents. REAL was founded in 2018 and went public in 2020. For some agents and clients, this doesn’t matter.

Real Estate 376

Real Estate Brokerage Agents Real Estate Agent 376

McKissock

OCTOBER 30, 2020

In this recorded webinar, presented by Certified General Appraiser Julie Molendorp, you’ll learn real-life information related to a risk management-based viewpoint of appraisal reviews for lending purposes and why your underwriters ask what they do. The Appraisal Foundation Q4 2020 Update. Fannie Mae Q3 2020 Appraisal Update.

Appraisal 54

Appraisal Insurance Clients Real Estate 54

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

OCTOBER 29, 2021

Dave Steinmetz: Starting in early 2020, we worked to scale production with the challenges presented by the combination of the pandemic and record volumes. Luckily, the technology and infrastructure we had in place at ServiceLink kept our client service uninterrupted.

Inspection 274

Inspection Technology Clients Tools 274

Walitt Solutions

NOVEMBER 22, 2019

Issues can be from simple one-off human errors that are easily corrected, to organizational weaknesses, such as lack of required procedures, non-compliance with state requirements, and lack of training and documentation. One failure identified recently at an appraisal management company was the lack of training. In short, no.

Training 28

Training Valuation Appraisal Clients 28

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. billion in profit in 2020 and $6.1 billion in profit in 2020 and $6.1 Its parent Rocket Companies rode the wave to a stunning $9.4 billion in 2021. billion in 2021.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. According to data provider Curinos , home equity originations reached $65 billion in volume last year, relatively flat compared to 2020. Time and training. ” Just a little less vanilla.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Lamacchia Realty

APRIL 8, 2024

Her reason for becoming a real estate agent is to continue her desire to work with people and have clients be as happy with their lifestyle as she is providing it to them. Her desire to help her clients earned Shauna the title of Rising Star in the September 2021 issue of the South Shore Real Producers Magazine !

Realtors 71

Realtors Realty Real Estate Agents 71

Housing Wire

FEBRUARY 11, 2022

With the market shift, LOs whose businesses were mainly driven by refinances in 2020 and 2021, must quickly shift gears and figure out ways to bring in purchase leads. Some LOs are making inroads with potential clients through use of social media, leaning on their multilingual skills and doing old fashioned cold calling.

Marketing 381

Marketing Real Estate Agent Loan Officers Advertising 381

Lamacchia Realty

AUGUST 16, 2022

Beginning his real estate career in 2003, Jim has an immense amount of knowledge and experience of the local market and is continuously on the cutting edge of market trends to best serve his clients. Jim joined Lamacchia Realty in 2020. He is always there to lend a helping hand, offering advice and support to fellow agents.

Realtors 74

Realtors Realty Agents Real Estate 74

Housing Wire

APRIL 7, 2022

An ALTA Vendor Survey showed that RON transactions increased by 547% from 2019 to 2020. From understanding the importance of RON in the title industry and discovering the potential business benefits to learning how you can start offering RON closings to your clients, here’s the need-to-know info to get started. .

Law 348

Law Technology Insurance Agents 348

Lamacchia Realty

MARCH 7, 2022

She will be offering her landscape expertise to her real estate clients as she used to own a landscape design company. Additionally, she was also a recipient of Gold Level Award from the North Central Mass Association of REALTORS ® and was recognized as a Top Producer for 2020. Click here to learn more about Dianna.

Realtors 74

Realtors Realty Real Estate Clients 74

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. . “We typically had one or two inquiries a week for the broker channel,” said Jacobson, who founded the lender in 1996. ” Fairway, which did about $3.5

Real Estate Agent 377

Real Estate Agent Retail Real Estate Design 377

Housing Wire

AUGUST 23, 2023

The company went from a $500 million profit and 11,000 employees in 2020 to only 950 employees by June 2023. During this period, Better faced the deterioration of the mortgage market due to surging rates, along with the fallout from bad press after Garg laid off employees via Zoom in December 2020. It incurred an $89.9

Realtors 350

Realtors Technology Insurance Mortgage 350

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Receive basic training in contracts and how to price properties using comparative marketing analysis. Finding time for part-time real estate. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Walitt Solutions

MARCH 29, 2020

In many cases, FHA, USDA, VA, Fannie Mae, and Freddie Mac are allowing the use of appraisals with inspections that vary from the typical level of inspections pre-typed on the lending appraisal forms. Or, go directly to “ HUD Mortgagee Letter 2020-05 “ Go to the FHA FAQ webpage and click the “COVID-19” filter.

Inspection 53

Inspection Appraisal Valuation Training 53

Appraisal Today

MAY 27, 2022

The market changing again with increasing interest rates, in the inevitable ups and downs of mortgage lending. To achieve this vision, industry participants will need to work together to resolve implementation challenges through training and investment in the infrastructure needed to operationalize new solutions.

Construction 52

Construction Appraisal Modernization Contracts 52

Will Springer Realtor

JANUARY 7, 2022

Builder associations say younger workers and apprentices are ever more difficult to attract to construction training programs. Home equity lines of credit, or HELOCs, will “come back into vogue,” predicts Dale Baker, president of home lending at KeyBank. “If If a client already has 2.5% 2020 data). The formation of 4.8M

Construction 36

Construction Real Estate Inventory Buyers 36