Housing Wire

FEBRUARY 21, 2024

Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans. “C2

Mortgage 382

Mortgage Loan Officers Clients Lending 382

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? With homes taking longer to sell, due in part to higher mortgage rates, buyers in 2022 had negotiating power to get concessions or credits to lower rates down for a limited period. over asking price.

Housing Market 508

Housing Market Marketing Real Estate Agent Real Estate 508

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

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 370

Loan Officers Tools Business Clients 370

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officers 353

Loan Officers Marketing Retail Renovations 353

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. Compared to 2022, production was down 46%. Newrez/Caliber ranked as the seventh largest lender in the country with an origination volume of $36.5

Real Estate Agent 394

Real Estate Agent Real Estate Agents Loan Officers 394

Housing Wire

FEBRUARY 28, 2022

The mortgage industry headed into 2022 after a strong showing in back-to-back years. 2022 still holds great opportunity for the industry but it also signals a pivot point. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well. “We

Technology 341

Technology Clients Business Investing 341

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.

Loan Officers 311

Loan Officers Mortgage Retail Real Estate Agent 311

Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 381

Loan Officers Agents Retail Technology 381

Housing Wire

JULY 18, 2023

He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. He closed $23 million in sales volume in 2022.

Agents 364

Agents Loan Officers Brokerage Clients 364

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021. “I’m

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 358

Loan Officers Mortgage Technology Tools 358

Housing Wire

FEBRUARY 7, 2023

The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. The company has 39 active loan officers across its retail branches, according to Modex data. billion in the fourth quarter of 2022 from $4.4 billion in the third quarter, IMF data shows.

Retail 382

Retail Mortgage Loan Officers Technology 382

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%.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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 353

Lending Loan Officers Training Investors 353

Housing Wire

AUGUST 7, 2023

Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. Rocket has been on a local loan officer hiring spree, an initiative that the company has accelerated this year with refis drying up. billion, ranking third on IMF’s rankings.

Advertising 343

Advertising Clients Loan Officers Finance 343

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt.

Finance 436

Finance Real Estate Agent Real Estate Insurance 436

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 361

Loan Officers Retail Real Estate Agent Real Estate 361

Housing Wire

OCTOBER 5, 2022

The dataset reveals loan origination activities by product, loan amount, loan officer and competitor, the company said. In a statement, Todd Teta, ATTOM’s chief product and technology officer, said the company’s aim is to innovate and increase transparency in the real estate industry.

Property Taxes 356

Property Taxes Loan Officers Real Estate Clients 356

Housing Wire

AUGUST 29, 2023

Ozment was hired in April 2022 and was given access to Lower’s confidential information and trade secrets, including customer identification, financial information and lending objectives. He left the lender in a “sudden coordinated departure in November 2022,” Lower alleged in its suit. AmCap declined to comment on active litigation.

Loan Officers 344

Loan Officers Lending Business Mortgage 344

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 386

Buyers Agents Loan Officers Real Estate 386

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. billion in volume in 2022, a decline of more than 50% from its 2021 production of $30.5 The lender originated $14.9

Tenants 343

Tenants Loan Officers Finance Clients 343

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 380

Mortgage Loan Officers Inventory Retail 380

Housing Wire

NOVEMBER 7, 2023

Carnegie Mortgage Partners’ office is in Ridgewood, New Jersey. Carnegie Mortgage Partners will offer mortgage products to clients of Keller Williams Bergen County Partners , a Keller Williams franchise with 15 offices spread across Ridgewood, Woodcliff Lake, Tenafly, Fort Lee and Rutherford. million in sales volume in 2022.

Realty 403

Realty Mortgage Brokerage Agents 403

Housing Wire

DECEMBER 3, 2021

Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. In April 2022, Planet agreed to acquire assets from Homepoint ’s delegated correspondent channel for $2.5 million in cash.

Retail 393

Retail Mortgage Lending Renovations 393

Housing Wire

JANUARY 6, 2023

The lawsuit was filed on December 23 in the Superior Court of the State of California for the County of Orange by about 40 former loanDepot employees, including loan officers, processors, underwriters, loss mitigation and foreclosure specialists. One of the lender’s focuses was to cut costs in the 2022 shrinking mortgage market.

Loan Officers 430

Loan Officers Law Mortgage Real Estate 430

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 366

Mortgage Loan Officers Clients Housing Market 366

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 364

Real Estate Real Estate Agent Clients Agents 364

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Whether or not you succeed in 2022 and 2023 begins with looking at what you can do to help your team navigate this time. Clients and consumers are pretty resilient,” he said. “If

Loan Officers 379

Loan Officers Clients Mortgage Marketing 379

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 358

Mortgage Retail Lending Loan Officers 358

Housing Wire

SEPTEMBER 15, 2023

Mortgage tech firm Blend Labs has launched its first AI-powered chat tool, which it says will allow loan officers to be more efficient and offer a far more personalized touch for prospective borrowers. The company announced the tool this week but won’t be rolling it out to its clients immediately. million in Q2 2022.

Tools 348

Tools Loan Officers Clients Mortgage 348

Housing Wire

DECEMBER 21, 2022

In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches. Guild Mortgage and Caliber Home Loans have both sued CrossCountry on similar grounds. billion in business.

Legal 374

Legal Loan Officers Contracts Business 374

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. billion in mortgage loans in the first quarter of 2022, a 29.7%

Mortgage 325

Mortgage Real Estate Agent Real Estate Clients 325

Housing Wire

JUNE 2, 2022

CrossCountry alleges that San Diego-based Guild Mortgage offered Mirajoy Casimiro, former branch manager and loan originator at CrossCountry, a lucrative employment package and persuaded her to take “massive amounts” of confidential business and client information in the period spanning between mid- 2020 and January 2021.

Loan Officers 356

Loan Officers Retail Legal Clients 356

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 375

Mortgage Loan Officers Government Buyers 375

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. Presented by: QC Ally. “J.R.”

Mortgage 391

Mortgage Loan Officers Retail Marketing 391