Housing Wire

MARCH 4, 2024

The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need. Mortgage professionals will be provided with up-to-date investor and lender guidelines and timely notifications whenever changes happen.

Loan Officers 345

Loan Officers Tools Design Technology 345

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 billion last year.

Marketing 319

Marketing Loan Officers Lending Brokerage 319

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

Realty 319

Realty Loan Officers Retail Real Estate 319

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022.

Business 399

Business Loan Officers Law Mortgage 399

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. CMG Financial was the 16th largest mortgage lender in the country in 2023, with $20.1

Loan Officers 321

Loan Officers Retail Tools Investors 321

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. Demand from investors is still solid, albeit more guarded. The primary challenge for non-QM has been the extreme volatility in the secondary markets.

Lending 339

Lending Investors Loan Officers Technology 339

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? from the week prior.

Mortgage 355

Mortgage Loan Officers Investors Government 355

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. That offering, Unlock HEA Trust 2023-1, is slated to close this week.

Housing Market 374

Housing Market Marketing Contracts Finance 374

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 344

Loan Officers Tools Business Clients 344

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. ” In July 2023 , the bank said that to enhance efficiency and streamline operations, it reduced its presence in New York and exited the mortgage banking business. Republic Bank is adding $5.3

Loan Officers 309

Loan Officers Insurance Mortgage Lending 309

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 366

Business Loan Officers Clients Inventory 366

Housing Wire

JUNE 1, 2023

The private-label and agency mortgage-backed securities (MBS) markets , the primary sources of liquidity for many mortgage lenders, are taking a beating so far this year. That dour performance mirrors what’s happening in the primary mortgage market — where origination volume is down drastically year to date in 2023.

Real Estate 331

Real Estate Mortgage Marketing Inventory 331

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. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 376

Renovations Realtors Construction Mortgage 376

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 348

Loan Officers Development Investors Finance 348

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 365

Retail Loan Officers Lending Mortgage 365

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.

Loan Officers 300

Loan Officers Investors Valuation Real Estate 300

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. If you deliver 5,000 homes a year, that means you had 50,000 people looking for a house walk across your platform who are likely prequalified by your loan officers, and you … have a relationship with them.

Buyers 398

Buyers Mortgage Sellers Investing 398

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

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. So you’re having to encourage investors with wider spreads to accept that.

Housing Market 418

Housing Market Marketing Buyers Investors 418

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity. Cutting capacity.

Marketing 330

Marketing Loan Officers Business Mortgage 330

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 305

Marketing Retail Mortgage Investors 305

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

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. First, the non-QM market is poised for long-term, sustainable growth. The timing is right from the capital markets perspective, too.

Lending 299

Lending Investors Real Estate Agent Loan Officers 299

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. 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.

Investors 373

Investors Real Estate Lending Loan Officers 373

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. I really think they had about three months last year where it was a buyers market in the fourth quarter. Connie Kim : Tell us about your main market.

Marketing 349

Marketing Inventory Loan Officers Buyers 349

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 447

Loan Officers Mortgage Business Retail 447

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 359

Lending Real Estate Agent Loan Officers Retail 359

Housing Wire

JANUARY 4, 2023

For jumbo loans (greater than $647,200), rates remained at 6.12%. Consequently, lenders and loan officers have started 2023 at a low point, hoping a recovery will come in the second half of the year. ” Cash-outs are getting harder. The MBA data shows that refi applications decreased 16.3% ”

Mortgage 521

Mortgage Loan Officers Insurance Investors 521

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

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. Mark Glebman, Caliber Home Loans. Housing prices started to inch down in July, but were still 14.5%

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

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

AUGUST 23, 2023

Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. Here we are, heading into the fourth quarter of 2023 expecting more rate hikes, not any cuts,” Cohn said. In August 2023, its latest forecast was for rates to end the year at 6.2%. When asked why U.S.

Mortgage 356

Mortgage Loan Officers Inventory Housing Market 356

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. It’s a shift that is happening in the market.

Retail 362

Retail Loan Officers Landlords Lending 362

Housing Wire

FEBRUARY 12, 2024

As the mortgage industry grapples with a changing market and regulatory complexities, we sat down with Amanda Phillips, Executive Vice President of Compliance at ACES Quality Management , to discuss how lenders can foster long-term success through a robust servicing QC process.

Mortgage 347

Mortgage Technology Inventory Lending 347

Housing Wire

MAY 29, 2024

Flying under the radar’ Based on public data from Affirm — a market leader in the BNPL space — Wells Fargo economists Tim Quinlan and Shannon Seery Grein estimate that BNPL providers originated $46 billion in loans in 2023. It found 180 million BNPL loans originated that year for a total of $24.2 are examples.

Mortgage 347

Mortgage Clients Sellers Loan Officers 347