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. and 2024 at 6%.

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Loan Officers Investors Mortgage Clients 392

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM.

Lending 330

Lending Loan Officers Training Investors 330

Housing Wire

SEPTEMBER 7, 2023

“That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

JUNE 5, 2023

Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities. Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. HW: How is broker market share trending?

Mortgage 342

Mortgage Retail Lending Loan Officers 342

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

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 20, 2021

Once again, Google grabbed headlines in March 2021 when they emphasized that the code would cease to exist across its platforms by 2022. Adding gas to the fire, Google acknowledged that they would not develop alternate identifiers to track individuals browsing the web or use them in their products. Client engagement is a struggle.

Real Estate 404

Real Estate Mortgage Loan Officers Advertising 404

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Parker is a HousingWire 2022 Mortgage Marketing Leader with a focus on business development and marketing.

Loan Officers 279

Loan Officers Business Mortgage Clients 279

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. A massive job cut. Ranked as the 18th largest mortgage originator, it originated $24.4

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

NOVEMBER 7, 2023

These clients are typically low on funds, which is why they need this type of financing. Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. “It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

Agents 437

Agents Sellers Buyers Finance 437

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. trillion in 2022, while refinance origination will dip by 62% to $860 billion from $2.26 trillion in 2021.

Marketing 381

Marketing Real Estate Agent Loan Officers Advertising 381

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. The last two years have been good to Christian Dicker.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. 1 when it came to jumbo originations in 2022, with $28.7 Pontiac, Michigan-based United Wholesale Mortgage was the only nonbank on the list, in the ninth position with $7 billion in volume in 2022. billion in 2022. Who’s at the top?

Marketing 305

Marketing Retail Mortgage Investors 305

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. According to Black Knight , at the end of the second quarter 2022, the average U.S. In total, FoA funded $4.23

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Appraisal Buzz

OCTOBER 3, 2022

According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. If we don’t do this, our values could skew, high or low, exposing our lender clients to additional risk.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest. In 2016 LLR led a $26.5 No surprise here.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. But I don’t think you’ll see to nearly the same extent that you saw in the second half of 2022 and earlier in 2023,” Kyle said. By the same measure, Guild had just 1.1%

Mortgage 364

Mortgage Retail Lending Sellers 364

Housing Wire

APRIL 21, 2022

Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. The future of digital mortgage isn’t removing the mortgage expert and clients helping themselves. CG : At Aslan, our team has a higher than average percentage of loan officers who are under 30. Be the expert.

Mortgage 365

Mortgage Contracts Technology Lending 365

Housing Wire

FEBRUARY 8, 2022

And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”. The goal of that push is to expand Excelerate’s overall origination volume from around $3 billion annually now to $6 billion or more in 2022, with the bulk of those originations in the non-QM space.

Marketing 336

Marketing Retail Lending Mortgage 336

Housing Wire

DECEMBER 15, 2021

It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 334

Finance Construction Law Inventory 334

Housing Wire

MARCH 31, 2022

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. is just under 10 million, a 4.6%

Marketing 316

Marketing Investors Technology Loan Officers 316

Assurance Financial

MARCH 2, 2022

Katherine Campbell, Chief Digital Officer at Assurance Financial who won the 2020 Housing Wire Tech Trendsetter award, shares her greatest success story in mortgage process digitization to date ahead of her session at PEX Live: Digital Mortgage Process 2022. They want to handle the entry of their personal data.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. The mortgage loan officer handling the loan?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

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. The community is part of a wider development in Georgetown, Texas called Wolf Ranch.

Appraisal 80

Appraisal Contracts Business Construction 80

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. Sited on 8.86

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

AUGUST 13, 2023

Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09 percent, the highest level since November 2022,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist. government debt rating. Additionally, the rate for FHA mortgages increased to 7.02

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

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.

Appraisal 52

Appraisal Architecture Business Contracts 52