Housing Wire

AUGUST 22, 2022

With average home sale prices in Baltimore having increased by about 25% since then, a loan officer at loanDepot told the couple that “we should be good” because the estimated value was “pretty conservative.”. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.

Appraisal 366

Appraisal Loan Officers Valuation Finance 366

Housing Wire

OCTOBER 22, 2020

Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Purchases in 2021 should be roughly $350bb larger than 2019, and $120bb bigger than 2020.

Mortgage 375

Mortgage Training Contracts Loan Officers 375

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

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. HousingWire: What do lending executives need to understand when it comes to supporting top producers? 1 LO in the U.S.

Real Estate Agent 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said.

Mortgage 498

Mortgage Loan Officers Clients Investing 498

Housing Wire

DECEMBER 31, 2021

But the boost in purchase business likely won’t be enough to prevent operational contraction: As margins shrink, lenders will likely have to lay off staff and renegotiate compensation. Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S.

Marketing 414

Marketing Law Government Mortgage 414

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. In addition to the same demographic factors driving growth elsewhere — all those millennials buying homes — the number of companies relocating there is a huge draw. Austin has ranked as the No.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Appraisal Buzz

MAY 17, 2021

Although 2020-21 is not the same as the run-up before the housing crash, there are some similarities with what appraiser’s face that bears addressing and reiterating. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. This production margin reached a record 203 basis points in the third quarter of 2020, as lenders were swamped with refinance volume. That changed in 2020, with productivity peaking at 3.1 in the third quarter of 2020.

Lending 382

Lending Mortgage Real Estate Loan Officers 382

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 365

Mortgage Marketing Buyers Lending 365

Housing Wire

FEBRUARY 3, 2022

The six companies that went public over the last two years have, in the aggregate, lost around $36 billion in combined market cap value since the first nonbank, Rocket, debuted on the market in the summer of 2020, according to an analysis of stock values by HousingWire. The pessimism about nonbank mortgage lenders reflects market conditions.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. I don’t like that.

Investors 373

Investors Real Estate Agent Loan Officers Technology 373

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.

Retail 323

Retail Real Estate Agent Business Mortgage 323

Housing Wire

JUNE 2, 2023

The stuff we’re doing in 2023 was built in 2020. Ishbia: Game On, as I talked about before, was an investment in the broker community to help more loan officers join the broker community and it helped the brokers who needed more loans in the toughest time in the market, which was the fourth quarter.

Retail 346

Retail Inventory Mortgage Loan Officers 346

Eppraisal

APRIL 20, 2021

According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

PennyMac

APRIL 2, 2020

Once you’ve mutually agreed upon a price, you and the seller will be under contract, also known as being in escrow. View more: Cost vs. Value Report 2020 > Step 8: Lock in a Rate & Term with Your Lender. Once you have fulfilled all of your lender’s documentation requests, it’s time to close escrow on your loan.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. But far higher expenses than pre-2020 norms will remain. For example, to close their “deal” the borrower needs a bridge loan.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67