Housing Wire

DECEMBER 21, 2022

Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”. In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches.

Legal 350

Legal Loan Officers Contracts Business 350

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. A Movement representative did not return a request for comments.

Retail 350

Retail Contracts Legal Business 350

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. I changed team leads four times,” said a former junior underwriter who worked remotely.

Mortgage 498

Mortgage Loan Officers Clients Investing 498

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 362

Mortgage Loan Officers Government Buyers 362

Housing Wire

APRIL 21, 2022

Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. Click here to nominate someone you know — it can even be you!

Mortgage 365

Mortgage Contracts Technology Lending 365

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. So, the client is benefiting directly and, you know, we’re addressing really what’s the No.

Mortgage 438

Mortgage Buyers Loan Officers Sellers 438

Housing Wire

AUGUST 16, 2023

over that same period but 25% below the volume of July 2022. The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Ishbia says 2022 and 2023 are the grind-it-out years and 2024 will be a bit better. Overall lock volumes are up 4.8%

Retail 323

Retail Real Estate Agent Business Mortgage 323

Housing Wire

JUNE 15, 2022

The lender’s loan rates, which range from 8% to 11%, are expected to grow 100 bps by the end of the year, reflecting the Fed’s tightening policy, Nigam said. Lenders expected that 2022 will be one of the most challenging years on record due to higher rates, lower refi volumes and the need to shed capacity. trillion in 2023.

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

FEBRUARY 3, 2022

Executives of publicly traded nonbank mortgage lenders will instead have to sooth the fears of their investors in 2022, a consequence of the cyclical inevitability of higher rates , lower refinance volumes, and fiercer-than-ever competition, according to analysts who cover the sector. trillion in 2022, according to the trade group.

Mortgage 361

Mortgage Retail Finance Investors 361

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. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 365

Mortgage Marketing Buyers Lending 365

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. I cut [my team] down a lot.

Business 74

Business Retail Realtors Loan Officers 74

Eppraisal

APRIL 20, 2021

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. Your loan officer may even put your file through an initial underwriting. Home values are expected to continue to rise into 2022.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. But then the price jumped in 2022 to a high of $60 million, before the listing was removed. from 0.73 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans. percent from 7.31

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. I have always collected all the money owed from my lender clients using the collection techniques I write about.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

AUGUST 13, 2023

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. percent from 6.76

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

Whimsical Casa Luna Bounces Onto the Market in Big Sur for $6,600,000 (dropped from $7M in December 2022) (Mickey) Manning architecture and designed homes to complement their natural surroundings. The residential lending appraisal business depends on low-interest rates, the same as for loan officers. percent the previous week.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

OCTOBER 21, 2022

Your clients count on you to let them know the market today, not in the past. 2022 business has been very slow for many appraisers. My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers.

Appraisal 52

Appraisal Marketing Contracts Insurance 52