Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

Loan Officers 395

Loan Officers Mortgage Retail Lending 395

Housing Wire

MAY 29, 2024

And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space. ” Clow: How does your team approach bringing these traditional loan officers up to speed with reverse?

Business 316

Business Loan Officers Mortgage Clients 316

Housing Wire

FEBRUARY 27, 2024

Rebecca Anderson, senior vice president of strategic communications and public relations at loanDepot, wrote to HousingWire that the company “enjoys a long history of attracting and developing top-notch talent and “we thank Mosi for her many contributions to loanDepot and wish her the best in the next chapter of her career.”

Loan Officers 394

Loan Officers Development Mortgage Real Estate 394

Housing Wire

FEBRUARY 21, 2024

helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023. I am looking forward to bringing the knowledge and the HECM Tool software to help C2 loan officers accelerate their success and serve their clients at a higher level.”

Mortgage 377

Mortgage Loan Officers Clients Lending 377

Housing Wire

JANUARY 3, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services issued pink slips to more than 80 employees in November as it faced tough headwinds in 2023. The WARN Notice shows that the workforce reduction includes 10 loan officers , senior app developers and vice presidents of app development, talent sourcing and sales manager.

Loan Officers 367

Loan Officers Development Investors Finance 367

Housing Wire

MAY 23, 2024

Editor in Chief Sarah Wheeler sat down with Christos Bettios, chief information officer at NFM Lending , to talk about the company’s private, proprietary GPT that is making his whole team more efficient. He started his career as a developer and spent 10 years as a senior product manager at Fannie Mae.

Loan Officers 352

Loan Officers Lending Technology Development 352

Housing Wire

NOVEMBER 28, 2023

billion in the third quarter of 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. A top-20 U.S. Overall, the bank posted a net income of $7.8

Law 422

Law Mortgage Loan Officers Lending 422

Housing Wire

APRIL 10, 2024

Debbie launched the marketing campaign for “A Seat at the Closing Table,” designed to train loan officers on the nuances of working with underserved borrowers and to offer toolkits and templates that will help them close more loans in minority communities.

Marketing 335

Marketing Loan Officers Real Estate Training 335

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 398

Human Resources Mortgage Loan Officers Finance 398

Housing Wire

JANUARY 30, 2024

The deal that runs through 2028 includes more than $1 billion for community development lending and services, investments in affordable housing , revitalization and stabilization, and projects that create jobs in LMI areas. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 336

Investing Mortgage Lending Loan Officers 336

Housing Wire

SEPTEMBER 12, 2023

After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. Meanwhile, economists at Fannie Mae expect rates to end 2023 at 6.7%

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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. Were there additional layoffs in 2023? But there have been rough points for the lender recently, too.

Retail 312

Retail Business Agents Loan Officers 312

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Instead, we invest heavily in empowering our loan officers.

Loan Officers 413

Loan Officers Technology Modernization Project Management 413

Housing Wire

DECEMBER 21, 2022

billion in mortgage loans over the last 12 months, according to the mortgage tech platform Modex. It has 557 active loan officers, 168 branches and licenses in 49 states. . The companies said the acquisition brings together two leading USDA rural development lenders in the Midwest. The lender originated $4.68

Loan Officers 385

Loan Officers Development Retail Mortgage 385

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgage 351

Mortgage Loan Officers Lending Business 351

Housing Wire

JANUARY 22, 2024

Coggiola’s efforts were focused on developing Ellie Mae to become a software-as-a-service (SaaS) provider from an on-premise solution, rounding out his time there as SVP of product management. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.

Technology 342

Technology Mortgage Loan Officers Clients 342

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 359

Loan Officers Retail Real Estate Agent Real Estate 359

Housing Wire

FEBRUARY 9, 2023

The 2023 market is unlike those we’ve seen in previous years. In a market like this, every lead, loan and basis point matters more than ever for LOs. Dave Savage , chief innovation officer for Mortgage Coach and Sales Boomerang , described today’s market as a new era in the mortgage business — the advice era.

Loan Officers 367

Loan Officers Real Estate Agent Real Estate Clients 367

Housing Wire

SEPTEMBER 24, 2022

Pink slips were issued to workers in the learning and development team, developers and support staffers in the IT department, as well as loan officers, multiple current and former employees told HousingWire. Caliber did not respond to requests for comment. Flávia Furlan Nunes contributed reporting.

Loan Officers 404

Loan Officers Development Mortgage Finance 404

Housing Wire

JANUARY 10, 2024

“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. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9 million over the course of 12 years. The lender’s U.S.

Investing 308

Investing Development Tenants Loan Officers 308

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officers 167

Loan Officers Construction Finance Development 167

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%. according to the company.

Real Estate Agent 420

Real Estate Agent Loan Officers Real Estate Agents 420

Housing Wire

OCTOBER 9, 2023

More than a mortgage app Developed by the company’s in-house technology team, the Rate App took two-and-a-half years to bring to market and an investment of “millions of dollars,” Ciardelli said, though he declined to provide a specific figure. Delivering value to stay relevant So what is the new app’s business benefit for loan officers?

Loan Officers 414

Loan Officers Mortgage Technology Realtors 414

Housing Wire

FEBRUARY 6, 2024

In 2023, the bank originated about $2.3 billion in mortgages, primarily conventional and purchase loans, per tech platform Modex. The complaint adds that the bank did not track how its mortgage loan officers developed loan referrals or how they distributed the marketing materials.

Advertising 378

Advertising Lending Loan Officers Law 378

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.

Lending 374

Lending Real Estate Agent Loan Officers Retail 374

Housing Wire

APRIL 1, 2024

” “In November 2023, Mr. Grella requested and agreed with NEXA to a buyout of his membership interest in NEXA and its subsidiary companies, which include the ongoing aviation business that Mr. Grella was also approved of which NEXA currently leases an aircraft hangar ,” Kortas said. of the company and Grella had a 49.5%

Brokerage 351

Brokerage Business Loan Officers Legal 351

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. Starting March 1, 2023, servicers will be required to maintain data on borrowers’ age, race, ethnicity, gender and preferred language.

Lending 360

Lending Finance Loan Officers Legal 360

Housing Wire

JULY 12, 2023

Deran Pennington, who spent the last 15 years at Movement and until June 2023 held a national sales director position, is joining Summit as a divisional leader in Charlotte. mortgage lender in the first quarter of 2023, per Inside Mortgage Finance (IMF) estimates. The company originated $4.1 billion from January to March, down 39.4%

Retail 369

Retail Development Finance Lending 369

Housing Wire

DECEMBER 27, 2023

United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. By the same measure, Guild had just 1.1%

Mortgage 382

Mortgage Retail Lending Sellers 382

Housing Wire

FEBRUARY 1, 2023

UWM – which took the origination crown from competitor Rocket Mortgage in the third quarter thanks to its aggressive pricing strategy – also took another big step recently to reduce prices in 2023. The lender is offering a maximum of 40 basis points per loan to its brokers, with a total access to 125 bps, to gain market share.

Construction 393

Construction Real Estate Agent Loan Officers Legal 393

Housing Wire

DECEMBER 1, 2022

Layoffs at the site in Pewaukee, Wisconsin are “expected to commence on November 29, 2022, and to proceed until completion of wind-down in early 2023,” Buege said. The letter showed that the first round of layoffs will start on December 2 and will impact marketing staff, loan processors, underwriters and a loan officer.

Mortgage 352

Mortgage Loan Officers Buyers Business 352

Housing Wire

DECEMBER 7, 2022

The recent declines in mortgage rates brought a glimmer of hope that borrowers might be developing more of a stomach for home loans. But even with the drop in rates to the mid-6s, the market is still nowhere near ‘normal,’ and consequently, industry experts predict a long, cold winter for loan officers.

Mortgage 352

Mortgage Loan Officers Development Housing Market 352

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. What should your content look like? And Reels should be a bit more produced and polished.

Loan Officers 297

Loan Officers Business Mortgage Clients 297

Housing Wire

OCTOBER 4, 2023

When asked to recommend AI application ideas for the government-sponsored enterprises (GSEs) to develop for the mortgage industry, lenders pointed to appraisal automation, borrower income/employment verification , data/documentation reconciliation and standardization, and compliance management.

Technology 362

Technology Lending Valuation Mortgage 362

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. While we have had our challenges, non-QM has been more insulated than agency.

Investors 392

Investors Real Estate Lending Loan Officers 392

Housing Wire

JANUARY 4, 2024

A lot was built around those foundational technologies for what we have today in the Mello system, in the stack that our loan officers love and appreciate. On efficiency, let me start within the technology organization, because software development takes a lot of effort. SW: What are you looking forward to in 2024?

Technology 312

Technology Loan Officers Modernization Development 312

Housing Wire

OCTOBER 31, 2023

HousingWire: According to ICE Mortgage Technology’s 2023 Borrower Insights Survey, fewer than one in 10 borrowers want a fully digital experience (9%) despite many appreciating the convenience of digital processes and services. HW: How does ICE approach its digital strategy and product development? Everything should be in sync.

Technology 378

Technology Tools Loan Officers Development 378