Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo.

Marketing 359

Marketing Real Estate Agent Lending Real Estate 359

Housing Wire

MAY 2, 2022

Some mortgage lenders reduced their workforce in the second half of 2021 and are now implementing new layoff rounds, such as Interfirst and Better.com. Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

OCTOBER 22, 2020

It’s worth looking inside the numbers though as we head toward year-end and think about 2021 strategies. 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb.

Mortgage 375

Mortgage Training Contracts Loan Officers 375

Housing Wire

MARCH 12, 2024

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. federal government. Within the congressional justifications for the U.S. HUD is requesting $2.5

Mortgage 325

Mortgage Insurance Training Government 325

Housing Wire

SEPTEMBER 2, 2020

Additionally, the company offers specialized training and licensing programs for people looking to enter the mortgage industry. Following the onset of the pandemic, the company transitioned nearly 97% of its staff to work from home, with plans to remain working remotely until at least 2021.

Training 355

Training Loan Officers Development Mortgage 355

Housing Wire

NOVEMBER 2, 2023

We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. with 85% owned by individual investors and LLCs based on 2021 U.S. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers.

Investors 373

Investors Real Estate Lending Loan Officers 373

Lamacchia Realty

NOVEMBER 30, 2021

We are thrilled to announce our Business Development team has expanded to Florida! Theresa Ercoli, a Florida resident, will be the first business development consultant based out of the Fort Lauderdale office and we cannot wait to see what she accomplishes! Vice President of Business Development. “I training ,?

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Development Business Realty Realtors 66

Housing Wire

FEBRUARY 18, 2022

I’ve always been mechanically inclined and developed a love for cars at an early age, based on the four drag race cars my father owned. The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. John Brenan: I would be a mechanical engineer.

Training 344

Training Valuation Appraisal Real Estate 344

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6 Underwriters are trained as desktop underwriters (DUs).

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Lending Investors Mortgage Clients 337

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So

Retail 364

Retail Mortgage Loan Officers Marketing 364

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

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Marketing Retail Lending Mortgage 336

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

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Training Technology Valuation Real Estate 231

Housing Wire

APRIL 27, 2022

Since taking over as CEO in January of 2021, Sweeney has been focused on helping the AIME community build sustainable businesses and create success for themselves. Unlike banks, brokers can work with many different lenders to provide a variety of personalized lending options. They’re a part of their local communities.

Marketing 366

Marketing Tools Development Training 366

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . We have a dedicated training department that can teach originators all about reverse mortgages, our products, and how to make the sale.

Housing Market 348

Housing Market Business Mortgage Marketing 348

Housing Wire

MARCH 10, 2022

The Federal Housing Administration (FHA), within the department of Housing and Urban Development , provides mortgage financing for borrowers the conventional market doesn’t serve, yet it has been understaffed for over a decade. 18, 2021, while Freddie Mac had 7,284 at the end of January. A solution presents itself.

Finance 347

Finance Development Training Government 347

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. In 2021, housing prices jumped by 19% – the biggest rise in a half-century, with the percentage of first-time homebuyers falling to its lowest level in decades (31%).

Insurance 366

Insurance Construction Government Lending 366

Appraisal Buzz

OCTOBER 18, 2021

This article was originally published in the Fall 2021 Appraisal Buzz Magazine here. My frustration centered on the mundane tasks such as setting up files, data entry and getting the data into the analytical tools used to develop and support adjustments. Many stakeholders in the profession have given their opinions on what that means.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

DECEMBER 16, 2021

They were trying to capitalize on the refinance boom,” said Cullen Gandy, a classically trained opera singer who had been hired as an LO at Interfirst and left in July. “I According to former employees and executives, business seemed strong as recently as summer 2021. I think 99% of the loans that I was writing there were refinances.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

MAY 5, 2021

And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 One other interesting development is the growth in its Rocket Pro Insight program, which gives real estate agents insight into their clients’ mortgage process.

Mortgage 405

Mortgage Real Estate Agent Real Estate Clients 405

Housing Wire

NOVEMBER 23, 2021

To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. It said it developed its own proprietary loan origination platform that applied artificial intelligence to the loan process, which allowed Interfirst to eliminate upfront fees and cut interest rates.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

JUNE 14, 2022

The Federal Housing Finance Agency released voluminous plans last week developed by Fannie Mae and Freddie Mac to make the housing market more equitable, in part through changes to the appraisal process. But for all the weaknesses amongst appraisers, who is training the average property data collector on this stuff?

Appraisal 292

Appraisal Valuation Inspection Law 292

Housing Wire

NOVEMBER 10, 2022

The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. Freedom Mortgage’s loan origination volume fell by the second-largest pace this year among the top mortgage lenders compared to 2021. over the past 12 months to 6,121.

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

APRIL 30, 2021

As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. How outsourcing gives lenders an advantage in 2021’s purchase market.

Marketing 231

Marketing Technology Lending Business 231

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. In the overall process of residential lending, our industry has not used automation. Nothing could be further from the truth.

Technology 314

Technology Business Lending Training 314

McKissock

MARCH 26, 2021

” These 1-hour training sessions presented by Cathy Horwitz are available in our resource library and are free for members. HP-12C Training Guide. Learn more with our Pro-Series webinar on Wednesday, May 19, 2021, Basics of the HP-12C and Its Usage in Appraisal. Sale Types Explained. Upcoming webinars. Sign up now.

Appraisal 55

Appraisal Training Design Real Estate 55

Housing Wire

AUGUST 25, 2022

The obvious starting place for nonbank lenders looking to capture volume is in jumbo lending, executives and analysts said. However, the product’s volume was pacing at a 49% annual growth rate between January 2022 and June 2022, compared to the same period in 2021. ” Just a little less vanilla. ” Tapping that equity.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

FEBRUARY 24, 2022

She urged regulators and industry stakeholders to “investigate and mitigate this racist appraisal system that includes and trains appraisers like the one who emailed me.”. The congresswoman demanded the Department of Housing and Urban Development Sec. In 2021, HUD launched an interagency task force to root out appraisal bias.

Appraisal 397

Appraisal Valuation Law Real Estate 397

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. They provide a multitude of professional development experiences, leadership opportunities, and annual conferences.

Real Estate 376

Real Estate Brokerage Agents Real Estate Agent 376

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. billion in 2021. Its parent Rocket Companies rode the wave to a stunning $9.4 And Rocket is well aware.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

FEBRUARY 11, 2022

trillion in 2021. 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. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 381

Marketing Real Estate Agent Loan Officers Advertising 381

Housing Wire

NOVEMBER 3, 2023

Other threats Another lawsuit filed by REX in March 2021 against the trade group and Zillow , alleges anti-trust violations related to an NAR rule, known as the no-commingling rule, that prompted Zillow to separate non-MLS listings from MLS listings on its website, including listings from REX.

Real Estate 291

Real Estate Brokerage Buyers Property Management 291

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

JANUARY 24, 2022

The appraisal industry’s “byzantine regulation structure,” according to the report’s authors — experts in fair housing, fair lending and valuation — has stunted the appraisal industry’s understanding of fair housing risk. HUD, too, receives some complaints, and in May 2021 a HUD official said the volume had increased tenfold.

Government 363

Government Appraisal Reconsideration of Value Lending 363

Housing Wire

JUNE 27, 2022

About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. Compared with 2021, origination volume is expected to drop 40% from last year’s $4 trillion origination volume. I don’t think it’s a win for anyone on the lending side.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

JUNE 2, 2022

It may still be a ways down the track, but the engine powering the blockchain train is already rattling the tracks. Brightvine is working to comply with all applicable securities regulations in developing its platform. We think that will be an exciting development for that part of the market.”

Technology 372

Technology Investing Investors Mortgage 372

Lamacchia Realty

APRIL 8, 2024

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 ! Shauna is a member of the 2019 , 2021, and 2022 President’s Club and the 2021, 2022, and 2023 President’s Club ELITE. To learn more about Paul Dubuque, click here.

Realtors 71

Realtors Realty Real Estate Agents 71