Housing Wire

AUGUST 17, 2023

It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. 5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. Trius Lending Partners (no.678), Magazine ‘s 5,000 fastest-growing private companies in the U.S. Zap Mortgage (no.294)

Loan Officers 358

Loan Officers Mortgage Development Lending 358

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). The bulk of the origination work was performed by unlicensed LOs, generally titled as “sales development representatives” or “call center representatives,” according to commissioner Perez.

Loan Officers 327

Loan Officers Mortgage Finance Lending 327

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.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JANUARY 19, 2024

“We are proud of our record and strongly deny that Patriot Bank ever avoided originating home mortgage loans in Black and Hispanic areas of the Memphis market.” The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022.

Loan Officers 362

Loan Officers Lending Advertising Home Improvement 362

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. The mortgage lender hopes to boost volume in the channel.

Retail 344

Retail Mortgage Loan Officers Lending 344

Housing Wire

FEBRUARY 6, 2024

In addition, the bank discouraged these customers from obtaining home loans, according to the complaint. Lending discrimination violates the law and harms communities and entire families for generations,” Attorney General Merrick Garland said in a statement. In 2022, settlements were made with Trident Mortgage Co.,

Advertising 361

Advertising Lending Loan Officers Law 361

Eyes on Housing

MAY 13, 2022

During the first quarter of 2022, credit became tighter on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing.

Development 156

Development Construction Loan Officers Finance 156

Housing Wire

AUGUST 30, 2021

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 378

Lending Loan Officers Advertising Development 378

Housing Wire

JANUARY 10, 2024

million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted.

Investing 293

Investing Development Tenants Loan Officers 293

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As mortgage lender by volume last year.

Retail 369

Retail Loan Officers Legal Technology 369

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.” Fannie Mae, Freddie Mac and the U.S.

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 451

Loan Officers Lending Real Estate Brokerage 451

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Human Resources 378

Human Resources Mortgage Loan Officers Finance 378

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. The company named 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

Retail 367

Retail Development Finance Lending 367

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

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. When will the market turn?

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

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

MARCH 23, 2022

Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage.

Finance 257

Finance Loan Officers Lending Housing Market 257

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

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

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. Take Planet Home Lending as an example.

Mortgage 364

Mortgage Retail Lending Sellers 364

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Interfirst plans to lay off at the lender’s facility in Rosemont beginning on May 13, 2022, or within two weeks of that date.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

APRIL 19, 2022

Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae -backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act. billion and mortgage originations of $16 billion in the first quarter of 2022 — will pay just $15,000 to settle the claims HUD lodged against it.

Loan Officers 354

Loan Officers Mortgage Government Development 354

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.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 374

Housing Market Marketing Contracts Finance 374

Housing Wire

JULY 27, 2022

But as we begin the third quarter of 2022, the landscape has changed drastically and multiple challenges face the industry. These developments have essentially brought refinance originations to a screeching halt. Ravi Correa is Chief Financial Officer at Angel Oak Lending. Inspiration from manufacturing.

Mortgage 333

Mortgage Marketing Lending Business 333

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

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It

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

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. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. It was kind of a no brainer, just low-hanging fruit.

Marketing 336

Marketing Retail Lending Mortgage 336

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however.

Renovations 391

Renovations Loan Officers Technology Mortgage 391

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

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. This month’s supply measurement remains 0.9 months less than what it was in 2019. Of course not.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Motto, which added 60 franchises in 2022, is looking for seven business development consultants who will be tasked with selling franchises of Motto.

Mortgage 441

Mortgage Brokerage Retail Business 441

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.

Retail 293

Retail Business Agents Loan Officers 293

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.’ This brings me to a trend in the 2022 Tech100 nominations that was more prominent than any year I can remember — an emphasis on technology enabling headcount efficiency and cost reduction.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316