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

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . Brokers can use the points for conventional, government and non-agency loans up to $1 million. .

Loan Officers 437

Loan Officers Retail Real Estate Agent Government 437

Appraisal Buzz

JULY 25, 2022

BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates. However, 2022’s market will only be a fraction of that, according to the latest estimates.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

MARCH 15, 2022

The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. But in the most competitive purchase market in years, they’ll have to scrap, leverage social media and add a personal touch.

Realtors 386

Realtors Real Estate Agent Real Estate Agents 386

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 362

Loan Officers Mortgage Lending Real Estate Agent 362

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. On the non-QM side, only 3% of the market has been penetrated.

Loan Officers 364

Loan Officers Agents Retail Technology 364

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

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

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 374

Loan Officers Real Estate Agent Real Estate Finance 374

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

Lending 312

Lending Realtors Real Estate Agent Mortgage 312

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? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 418

Finance Real Estate Agent Real Estate Insurance 418

Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . billion in the area, the company said. . Movement originated $13.7

Brokerage 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

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

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage. In 2022, AmeriFirst closed $2.5

Loan Officers 320

Loan Officers Mortgage Real Estate Agent Business 320

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. Rather, Rocket is simply focused on the purchase market now, just like most other lenders in this market. “I from the previous quarter.

Loan Officers 286

Loan Officers Mortgage Retail Real Estate Agent 286

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. Appraising real estate in a fast-changing market.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

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

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

Marketing 311

Marketing Mortgage Inventory Loan Officers 311

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. What’s especially interesting is that unlike average or low-performing agents, top-performing agents simply don’t lower their commission rates very often. “I

Agents 388

Agents Real Estate Agent Brokerage Real Estate 388

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.”

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgage 334

Mortgage Loan Officers Lending Retail 334

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.

Mortgage 362

Mortgage Loan Officers Government Buyers 362

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota.

Housing Market 317

Housing Market Marketing Real Estate Real Estate Agent 317

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 401

Business Mortgage Loan Officers Inventory 401

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. Purchase loans grew from 24.9%

Mortgage 299

Mortgage Real Estate Agent Real Estate Clients 299

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire: Why should referrals be a key part of originators’ strategies?

Business 307

Business Loan Officers Real Estate Agent Real Estate 307

Housing Wire

JUNE 5, 2023

Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

JULY 29, 2022

So far, 2022 has presented a number of new challenges for lenders to navigate, including continued significant home price appreciation, rapidly rising interest rates, persistent inflation, and a slowdown of global economic growth,” said Doug Duncan, senior vice president and chief economist at Fannie Mae.

Mortgage 374

Mortgage Loan Officers Lending Real Estate Agent 374

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 318

Housing Market Marketing Agents Real Estate 318

Housing Wire

DECEMBER 6, 2022

The builder’s real estate agent swapped in the middle of the transaction, so things got a bit mixed up and no one updated the clients’ files to reflect the change in lender,” Summers explained. “So, In turn, real estate agents are doing everything they can to ensure they get their clients into their home of choice.

Real Estate 352

Real Estate Real Estate Agent Clients Agents 352

Housing Wire

JULY 25, 2023

My customer is the real estate agent. 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.

Real Estate Agent 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

NOVEMBER 22, 2022

. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The shrinking mortgage market is the primary reason why. billion in annual mortgage loan volume to its platform. . It added $1.5

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

Inventory 317

Inventory Marketing Business Buyers 317

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. We’ve compiled this list of savvy real estate social media post ideas to inspire your social strategy and keep your Instagram feed fresh and fun.

Real Estate 342

Real Estate Agents Real Estate Agent Clients 342

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. We don’t have a business of selling leads to real estate brokers and the like.

Business 246

Business Mortgage Technology Real Estate Agent 246

Housing Wire

JUNE 28, 2023

The expanded bank statement loan options will give mortgage brokers “another competitive edge with real estate agents and non-W2 borrowers,” the company said in a statement. The Michigan-headquartered wholesale lender initially rolled out bank statement loans for self-employed borrowers in March 2022.

Real Estate Agent 339

Real Estate Agent Insurance Lending Real Estate 339

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