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 341

Loan Officers Tools Business Clients 341

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. In addition, Hale said he is currently working with three clients who are looking to buy IMBs — two of which are homebuilders and one he described as a “proptech/fintech” company. loan officers] in pods.’”.

Buyers 397

Buyers Mortgage Sellers Investing 397

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 362

Business Loan Officers Clients Inventory 362

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. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

APRIL 17, 2023

Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly and in the most cost-efficient manner possible. Treating our people right.

Loan Officers 296

Loan Officers Investors Valuation Real Estate 296

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 373

Renovations Realtors Construction Mortgage 373

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As He’s sending 98% because we are the best.

Loan Officers 446

Loan Officers Mortgage Business Retail 446

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 344

Loan Officers Retail Real Estate Agent Real Estate 344

Housing Wire

NOVEMBER 17, 2022

Offering non-QM loans provides access to those millions of borrowers who want mortgages but are unable to qualify for a traditional loan. Residential mortgage credit provides diversification benefits to institutional investors. Today, Deephaven can close a DSCR loan in as few as 15 days.

Lending 296

Lending Investors Real Estate Agent Loan Officers 296

Housing Wire

JANUARY 27, 2023

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. Back in the 2007-2009 meltdown, we had loan officers with us at that time. I thought it was sparse.

Lending 356

Lending Real Estate Agent Loan Officers Retail 356

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 359

Loan Officers Mortgage Lending Real Estate Agent 359

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. Most of the originations were conventional and purchase loans.

Mortgage 330

Mortgage Retail Loan Officers Lending 330

Housing Wire

NOVEMBER 2, 2023

Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years. Our expectation is that volume will be around $30 billion when 2023 comes to a close. In fact, a growing focus is the real estate investor population.

Investors 369

Investors Real Estate Lending Loan Officers 369

Housing Wire

MAY 29, 2024

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. He wants to know whether the potential borrower has acquired a buy now, pay later (BNPL) loan.

Mortgage 343

Mortgage Clients Sellers Loan Officers 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 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

Mortgage 437

Mortgage Loan Officers Inventory Business 437

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. In August 2023, its latest forecast was for rates to end the year at 6.2%.

Mortgage 354

Mortgage Loan Officers Inventory Housing Market 354

Housing Wire

APRIL 25, 2023

“Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” Hemanthkumar Jambulingam , director of fintech product management at Tavant, said.

Lending 287

Lending Loan Officers Mortgage Investors 287

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 trillion in 2023.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 billion in the first quarter of 2023, down 31.6% IMF data suggests BofA’s production in Q1 2023 was $2.8 year over year.

Marketing 301

Marketing Retail Mortgage Investors 301

Housing Wire

APRIL 14, 2022

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. billion of unutilized loan funding capacity as of Dec. The closer, the better. in consumer direct and 2.3%

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Banks will always serve their best clients.

Investors 307

Investors Investing Mortgage Real Estate 307

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Read on for more about Kechian’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees.

Marketing 346

Marketing Inventory Loan Officers Buyers 346

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. ” Just a little less vanilla. But non-QM is a fairly dangerous space right now. and Sprout Mortgage.

Mortgage 383

Mortgage Loan Officers Finance Investors 383

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight.

Housing Market 416

Housing Market Marketing Buyers Investors 416

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) Jumbos represented 22.7%

Insurance 311

Insurance Mortgage Clients Lending 311

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

Mortgage 377

Mortgage Investors Clients Marketing 377

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. Investors were nonplussed. How could they resist?

Mortgage 358

Mortgage Retail Finance Investors 358

Housing Wire

JUNE 8, 2022

From a client perspective, a fully integrated soup-to-nuts digital offering for mortgage origination and servicing should significantly reduce the cost of originating and servicing a mortgage,” according to an analyst who spoke on the condition of anonymity. Blend has attracted a bevy of investors who were impressed by its market position.

Mortgage 327

Mortgage Technology Loan Officers Investing 327

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. over the course of 2024, declining from the 2023 average of 6.9%. They are risky for the lender and its investors. Bright MLS – 6.1

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection.

Appraisal 52

Appraisal Architecture Business Contracts 52

Assurance Financial

NOVEMBER 28, 2023

Interest rates in 2023 are somewhat elevated , but many experts predict decreases as the year goes on. PMI is also important to many lenders because it enables them to sell loans to other investors. Having insurance backing minimizes these investors’ risk and makes them more willing to take on the loans.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69