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 361

Loan Officers Retail Real Estate Agent Real Estate 361

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

NOVEMBER 14, 2022

Ohio-headquartered Commitment Mortgage aims to leverage more than 600 Indiana real estate agents at Carpenter’s. The goal is to help home buyers search for homes and then capitalize on loan offerings, the lender said in a release. trillion in 2022, down from the previous year’s $4.4

Lending 336

Lending Realtors Real Estate Agent Mortgage 336

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business. million, of those homes.

Loan Officers 386

Loan Officers Real Estate Agent Real Estate Finance 386

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

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 343

Loan Officers Mortgage Real Estate Agent Business 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? And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 436

Finance Real Estate Agent Real Estate Insurance 436

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

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

Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

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 386

Buyers Agents Loan Officers Real Estate 386

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. I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly.

Agents 399

Agents Real Estate Agent Brokerage Real Estate 399

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 325

Mortgage Real Estate Agent Real Estate Clients 325

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 390

Marketing Real Estate Agent Loan Officers Advertising 390

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. It’s the local relationships.

Mortgage 353

Mortgage Loan Officers Lending Retail 353

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 330

Business Loan Officers Real Estate Agent Real Estate 330

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 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 265

Business Mortgage Technology Real Estate Agent 265

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 357

Real Estate Agent Insurance Lending Real Estate 357

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 380

Mortgage Loan Officers Lending Real Estate Agent 380

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 364

Real Estate Real Estate Agent Clients Agents 364

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 383

Mortgage Logistics Insurance Real Estate Agent 383

Housing Wire

JUNE 5, 2023

More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 358

Mortgage Retail Lending Loan Officers 358

Housing Wire

APRIL 17, 2023

At a mortgage brokerage joint venture, loan officers generally get paid a lower base salary than counterparts at traditional lenders and may get a smaller commission because the LO is doing less work finding customers since there are greater real estate agent referrals. The California lender originated $15.12

Brokerage 326

Brokerage Real Estate Agent Business Loan Officers 326

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. billion in annual mortgage loan volume to its platform. . The company has 1,810 loan officers and 482 branches, Modex data shows. .

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based In 2022, only 7.6% of purchase loans that Fannie Mae closed were above 95% LTV, according to the Urban Institute.

Loan Officers 350

Loan Officers Insurance Mortgage Real Estate Agent 350

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. Kim: What helped you become the top producing broker in 2022? Cohen funded $751.4

Marketing 336

Marketing Mortgage Inventory Loan Officers 336

Housing Wire

DECEMBER 11, 2023

According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.” “KeyBank’s betrayal of Black and low-income homebuyers continued in 2022” “KeyBank made 19.2% Back to Bob’s American dream.

Real Estate Agent 426

Real Estate Agent Real Estate Agents Lending 426

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. That means you’ve been thinking about real estate agents…a lot. They don’t even come into the office anymore.

Real Estate Agent 392

Real Estate Agent Real Estate Agents Lending 392

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 21, 2023

This enables you to set borrower expectations for the timeline right out of the gate and streamline your workflows by routing loans that qualify into the instant title fast lane, while more complex loans go the curative route. We’ve done our own research, asking thousands of consumers what they expect of the mortgage process.

Modernization 325

Modernization Technology Real Estate Agent Valuation 325

Housing Wire

MARCH 1, 2022

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. And yet, we’re finally in 2022, and I’m going to go out on a limb and say disruption has failed. No surprise here. Instead, innovation prevails.

Real Estate 341

Real Estate Brokerage Real Estate Agent Technology 341

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. This month’s supply measurement remains 0.9

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 425

Real Estate Agent Loan Officers Real Estate Agents 425

Housing Wire

NOVEMBER 7, 2023

According to the 2023 RealTrends rankings , the team had 1,588 licensed agents who generated an average of $2.65 million in sales volume in 2022. In all, BCP agents notched $4.2 billion in sales volume in 2022 across 6,080 transaction sides. BCP operates as a team led by Al Donohue. It placed No.

Realty 403

Realty Mortgage Brokerage Agents 403

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. In March 2022, the median list price of a home was up 21.4%

Housing Market 340

Housing Market Marketing Real Estate Real Estate Agent 340

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Renovations 392

Renovations Realtors Construction Mortgage 392