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.

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Loan Officers Tools Business Clients 344

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. ” The seasons ahead Industry experts believe that the purchase market will recover in the spring, despite the volatility. The MBA data shows refinancings were 31.9%

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Mortgage Marketing Loan Officers Contracts 308

Housing Wire

DECEMBER 31, 2021

This article is part of our HousingWire 2022 forecast series. After the series wraps early next year, join us on February 8 for the HW+ Virtual 2022 Forecast Event. But many of those elements are fading as the industry heads into 2022. In 2022, refi origination volume is expected to drop by 62% to about $860 billion.

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Marketing Law Government Mortgage 414

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.

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Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

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Loan Officers Training Business Retail 325

Housing Wire

JANUARY 30, 2023

The group also alleges that the company conducted a defamatory campaign against them after their layoffs in July 2022. According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. The company originated $12 billion in 2022, down 62.2%

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Loan Officers Retail Contracts Mortgage 427

Housing Wire

NOVEMBER 1, 2021

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. Don’t be left behind.

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Real Estate Agent Real Estate Agents Lending 371

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. For jumbo loans, it went from 6.01% to 6.14% in the same period. Despite rates higher than a year ago, mortgage loans are still an attractive alternative for them.”.

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Mortgage Marketing Loan Officers Retail 352

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The bottom for 2022 was 240,194.

Mortgage 383

Mortgage Loan Officers New Listings Government 383

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. It’s a shift that is happening in the market. in 2014. .

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Retail Loan Officers Landlords Lending 362

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? from the week prior.

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Mortgage Loan Officers Investors Government 355

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

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Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. through the rest of 2022. in mid-June,” Yun added.

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Housing Market Marketing Loan Officers Buyers 300

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. 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.

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Mortgage Loan Officers Government Buyers 362

Housing Wire

FEBRUARY 11, 2022

Some mortgage rate indices topped 4% on Thursday, blowing past predictions that rates might reach those levels by the end of 2022. Black Knight ‘s Optimal Blue , which provides data for the secondary market, reported the average rate for 30-year conforming mortgages was 4.071% on Friday morning.

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Mortgage Contracts Loan Officers Insurance 382

Housing Wire

FEBRUARY 3, 2023

The loan program can’t be extended, relocked or renegotiated until after the lender receives a fully executed sales contract and is only eligible for up to 30 days of extension. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex.

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Loan Officers Buyers Contracts Mortgage 328

Housing Wire

JANUARY 27, 2022

Vesta has a system of record for loan origination data and documentation; a workflow engine to orchestrate process among borrowers, loan officers, underwriters; and open APIs (application programming interface) for partners to build their own solutions. The company targets the $2.6 The company targets the $2.6

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Mortgage Investors Loan Officers Technology 342

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

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Mortgage Loan Officers Technology Real Estate 366

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If

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Buyers Agents Loan Officers Real Estate 373

Housing Wire

JUNE 10, 2022

However, like other lenders with consumer direct models, the company tends to be refi-heavy and relies on call centers for intake, struggling to find footing in a purchase market as rates climb and margins start to compress. As the market contracts, originators Interfirst Mortgage Co.

Mortgage 352

Mortgage Loan Officers Retail Contracts 352

Housing Wire

AUGUST 1, 2022

The lawsuit, filed Wednesday in the United States District Court, District of Nevada, includes two counts: breach of contract and breach of fiduciary duty/duty of loyalty. mortgage lenders for the first half of 2022. Guaranteed Rate Affinity’s case shows that recruiting wars remain fierce, even in a mortgage market downturn.

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Loan Officers Mortgage Retail Contracts 364

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. Ultimately, we determined the market conditions have fundamentally changed and we need to change with them,” Graham Fleming, FoA’s president and interim CEO, told analysts during a call. FoA produced a $1.1

Mortgage 332

Mortgage Finance Retail Business 332

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. While many lenders laid off some of their staff to cut costs, others continue opening offices to capitalize on demand from homebuyers.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

DECEMBER 16, 2021

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

JULY 25, 2023

HW: What are the common misconceptions surrounding growth in this market? Loan officers — myself included — need to strengthen their mindset. In today’s market, it is very easy to have a weak mindset. MW: In 2022, my team and I created a mantra. If you love it, be excellent at it. Winning is the only option.”

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Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

APRIL 21, 2022

Nominations for HousingWire’s Women of Influence award are now open through Friday, April 29, 2022. Higher rates can help level off the runaway growth in prices in some markets and lower the level of stress for homebuyers brought on by the high-stress offer environment,” said Gusmus. I’m located in Colorado.

Mortgage 365

Mortgage Contracts Technology Lending 365

Housing Wire

AUGUST 16, 2023

over that same period but 25% below the volume of July 2022. That alone suggests better days ahead for IMBs, even if rates don’t fall into the 6s for a few more months, the secondary market remains a mess, and seasonality results in low volume in the first quarter of 2024. Overall lock volumes are up 4.8% Guild originated $4.5

Retail 323

Retail Real Estate Agent Business Mortgage 323

Housing Wire

FEBRUARY 15, 2024

Benefits of owning and building equity Of the various DPA options available — including government-sponsored DPA programs, nonprofit-driven programs and employer-assisted programs — Federal Housing Administration (FHA) loans layered with a DPA benefit have grown in popularity.

Mortgage 438

Mortgage Buyers Loan Officers Sellers 438

Housing Wire

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. Flávia Nunes: Where are we at in terms of the current mortgage market cycle? So, the market is great.

Retail 346

Retail Inventory Mortgage Loan Officers 346

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

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Construction Retail Mortgage Contracts 262

Housing Wire

FEBRUARY 3, 2022

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

JUNE 15, 2022

The markets have been shaken to the core. And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. The price data has changed the expectations for the Federal Reserve ’s meeting on Wednesday, with the market betting on a 75 bps increase in interest rates (compared to 50 bps previously).

Mortgage 378

Mortgage Investors Clients Marketing 378

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market. If the market stays as it is, there’s a lot more shakeout coming.”

Mortgage 365

Mortgage Marketing Buyers Lending 365

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. At 5 basis points in first-quarter 2022, and at a loss of 5 basis points in second-quarter 2022, the industry is now struggling with the perfect storm of lower volume, lower revenues, and higher costs per loan.

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Lending Mortgage Real Estate Loan Officers 382

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. Excerpts: Social media and the mainstream media make a mess of these markets even in the best of times. They do not have the bandwidth to cover local markets. National data simply does not apply to the local real estate market and the closest large markets are Richmond and Washington DC.

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Appraisal Marketing Contracts Insurance 52

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). The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. UPDATED No.

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Appraisal Real Estate Agent Contracts Real Estate 82

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Prepared to make an offer quickly if you find a house you like that is, and prepared to take the necessary steps in order to purchase a home in today's market. Your loan officer may even put your file through an initial underwriting.

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Sellers Loan Officers Inventory Home Value 66