Housing Wire

DECEMBER 1, 2020

Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge. The post 2020 HW Tech Trendsetter: Paul Akinmade appeared first on HousingWire.

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Loan Officers Retail Training Design 208

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 388

Loan Officers Human Resources Contracts Mortgage 388

Housing Wire

MAY 10, 2024

Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024. Meanwhile, Better had 227 sponsored LOs and seven branches, the NMLS shows.

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Loan Officers Law Finance Mortgage 273

Housing Wire

OCTOBER 7, 2020

Stone and Ozonian have both been repeatedly honored for their leadership, as Progress in Lending “Lending Luminaries” in 2019, as well as HousingWire Vanguard Award recipients in 2019 for Stone and 2020 for Ozonian. Stone also received October Research’s “Leadership Award” in September 2020.

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Insurance Real Estate Technology Loan Officers 367

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

OCTOBER 13, 2023

According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. Sources said that acquiring Fairway would be a way for CrossCountry to add loan officers at different branches across the country.

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Loan Officers Mortgage Finance Business 464

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 344

Loan Officers Tools Business Clients 344

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 433

Housing Wire

NOVEMBER 28, 2023

According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond. According to the order, between 2016 and late 2020, the LOs didn’t ask applicants for their race, ethnicity and sex, as required by law. A top-20 U.S.

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Law Mortgage Loan Officers Lending 407

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.

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Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

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Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). Remote working has become reality thanks both to improved technology and the mass proof of concept exercise many large firms were forced to undertake in 2020 and 2021, whether they wanted to or not.

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Loan Officers Technology Lending Tools 355

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. The percentage represents the highest increase since July 2020, when Redfin started tracking this data. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. .

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Sellers Mortgage Loan Officers Buyers 523

Housing Wire

DECEMBER 9, 2020

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. Its low point over the last five years was 67%, in the first quarter of 2020. But with origination volume expected to exceed $3.4

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Loan Officers Mortgage Finance Business 502

Housing Wire

SEPTEMBER 15, 2023

Gifoli served as a loan officer from May 2021 to October 2021. Guaranteed Rate Affinity was among the scores of mortgage lenders that offered six- and seven-figure signing bonuses to executives and loan officers during the refi boom of 2020 and 2021. He declined to comment on the lawsuit.

Loan Officers 364

Loan Officers Legal Real Estate Lending 364

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. . When will the market turn? .

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Loan Officers Investors Mortgage Clients 392

Housing Wire

APRIL 15, 2024

I started as a loan officer when Finance of America was Urban Financial Group , so well before they started to grow. Challenges and opportunities One early encounter during his time as a loan officer comes to mind. And then I took the leap over to wholesale around 2020, two weeks after COVID hit.”

Mortgage 384

Mortgage Loan Officers Business Finance 384

Housing Wire

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

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Retail Loan Officers Best Value Business 381

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. It grew nearly 100% in 2020.

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Loan Officers Retail Technology Mortgage 414

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

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Business Mortgage Loan Officers Inventory 401

Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). On August 14, 2020, the Minnesota Real Estate Journal held the 13th Annual Capital Markets Summit at the Radisson Blue Mall of America Hotel.

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Lending Construction Tenants Real Estate 148

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers. For lenders and brokerages, the risks of LOs or agents overstepping are high.

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Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Tennessee-based community bank Patriot Bank agreed to pay $1.9

Loan Officers 362

Loan Officers Lending Advertising Home Improvement 362

Housing Wire

SEPTEMBER 24, 2022

Pink slips were issued to workers in the learning and development team, developers and support staffers in the IT department, as well as loan officers, multiple current and former employees told HousingWire. Caliber did not respond to requests for comment. Flávia Furlan Nunes contributed reporting.

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Loan Officers Development Mortgage Finance 404

Housing Wire

OCTOBER 10, 2023

For example, managers allegedly asked loan officers to select non-Hispanic white options regardless of whether that was accurate or not. However, the CFPB said it found 51 errors in an initial review of 159 files in Freedom’s 2020 submission and asked the company to correct these inaccuracies. Freedom had to pay a $1.75

Brokerage 382

Brokerage Realty Real Estate Loan Officers 382

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loan Officers 447

Loan Officers Mortgage Business Retail 447

Housing Wire

SEPTEMBER 27, 2022

It rebranded in summer of 2020. According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. The vast majority of loans – more than 80% – are originated by Rocket Mortgage , the data shows. How brokers can reach more and new borrowers with non-QM.

Brokerage 354

Brokerage Lending Loan Officers Technology 354

Housing Wire

MAY 10, 2023

In May 2020, it was $425,000. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

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Loan Officers Marketing Inventory Real Estate Agent 333

Housing Wire

JANUARY 6, 2021

It’s been well documented how spectacularly mortgage rates fell in 2020, and it’s not a stretch to think they might hover around 2% all year. This also means that, similar to 2020, mortgage refinance rates should remain highly competitive – allowing homeowners to potentially save a ton of money on their mortgage payments.

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Mortgage Loan Officers Real Estate Agent Realty 521

Housing Wire

FEBRUARY 15, 2024

Mortgage Solutions is a nondelegated correspondent lender with five branches nationwide and 138 licensed loan officers, according to the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Mortgage Solutions entered UWM’s wholesale broker agreement in January 2012. as of December 1, 2023.

Mortgage 285

Mortgage Legal Advertising Loan Officers 285

Housing Wire

JULY 27, 2022

million consent order, stemming from a referral the CFPB made in November 2020. a subsidiary of Warren Buffet’s Berkshire Hathaway , discriminated in its marketing outreach, failed to hire minority loan officers, avoided making loans or locating offices in minority areas and sent racist internal emails.

Loan Officers 392

Loan Officers Mortgage Law Contracts 392

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year.

Mortgage 384

Mortgage Loan Officers Retail Training 384

Housing Wire

JANUARY 4, 2023

The lender and the recruiter had a formal agreement until June 12, 2020, with a non-solicitation clause prohibiting CAVU from hiring or attempting to hire its employees away from the company. It has 994 active loan officers, 38 branches and licenses to operate in 23 states. The company has licenses in 18 states. .

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Loan Officers Contracts Mortgage Legal 424

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” trillion to $1.64

Mortgage 431

Mortgage Loan Officers Finance Buyers 431

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. He finished 2020 with $1.7

Loan Officers 283

Loan Officers Brokerage Retail Clients 283

Housing Wire

JANUARY 25, 2024

Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. Before that, Haddad spent about six years at Quicken Loans , starting as a senior mortgage banker in 2013 and ascending to regional vice president.

Retail 361

Retail Lending Loan Officers Brokerage 361

Housing Wire

SEPTEMBER 10, 2022

Mike Kortas, the controversial CEO and co-founder who himself is no stranger to starting online scraps, said other community members, including smaller brokers and AIME’s leaders, have attacked him, his company and loan officers on social media. ” (A review of AIME’s website found no mention of an ethics committee.).

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Brokerage Loan Officers Retail Mortgage 403