Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4%

Mortgage 296

Mortgage Marketing Loan Officers Real Estate Agent 296

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 357

Loan Officers Mortgage Lending Real Estate Agent 357

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? for purchase mortgage origination, and he is taking the stage at HW Annual. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. My customer is the real estate agent.

Real Estate Agent 244

Real Estate Agent Mortgage Real Estate Training 244

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” range, which is a normal mortgage market.”

Mortgage 462

Mortgage Real Estate Agent Renovations Finance 462

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. . The company also recently announced a flat fee of $37.35

Loan Officers 436

Loan Officers Retail Real Estate Agent Government 436

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. billion in profit in 2020 and $6.1

Loan Officers 343

Loan Officers Retail Real Estate Agent Real Estate 343

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 242

Business Mortgage Technology Real Estate Agent 242

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country.

Clients 327

Clients Real Estate Agent Technology Loan Officers 327

Housing Wire

JANUARY 17, 2023

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good.

Loan Officers 330

Loan Officers Marketing Real Estate Agent Real Estate 330

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. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s the local relationships.

Mortgage 329

Mortgage Loan Officers Lending Retail 329

Housing Wire

FEBRUARY 14, 2024

As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. That’s also an attitude shared by Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot. from the consumer level.

Business 344

Business Mortgage Advertising Clients 344

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. Mortgage products expected to get love . “I

Renovations 372

Renovations Realtors Construction Mortgage 372

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies.

Buyers 348

Buyers Loan Officers Real Estate Agent Agents 348

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 355

Lending Real Estate Agent Loan Officers Retail 355

Housing Wire

FEBRUARY 9, 2023

The 2023 market is unlike those we’ve seen in previous years. We’re coming off of back-to-back years where mortgage rates were in the 2s and 3s, and they’re now in the 6s. In a market like this, every lead, loan and basis point matters more than ever for LOs. That’s not the way to go this year — probably never again,” he said.

Loan Officers 358

Loan Officers Real Estate Agent Real Estate Clients 358

Housing Wire

JANUARY 2, 2024

In 2023, we saw a lot of changes and movement among some of the most influential players in social media. In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers.

Real Estate Agent 374

Real Estate Agent Loan Officers Advertising Mortgage 374

Housing Wire

DECEMBER 27, 2022

The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. over asking price. High octane stuff.

Housing Market 485

Housing Market Marketing Real Estate Agent Real Estate 485

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. 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.

Retail 288

Retail Business Agents Loan Officers 288

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

Construction 392

Construction Real Estate Agent Loan Officers Legal 392

Housing Wire

NOVEMBER 7, 2023

Newrez has launched a new joint venture mortgage company, Carnegie Mortgage Partners , in collaboration with a top Keller Williams franchise network in Bergen County, New Jersey, the lender announced on Monday. The joint venture mortgage company is led by Margaret Bernabei, a former branch manager at a CrossCountry Mortgage outpost.

Realty 397

Realty Mortgage Brokerage Agents 397

Housing Wire

MAY 24, 2022

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. This is a customer of an agent, and a customer of a bank, conducting a financial transaction and contractual purchase transaction. This is as low as rates go.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. Residential mortgage credit provides diversification benefits to institutional investors.

Lending 294

Lending Investors Real Estate Agent Loan Officers 294

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO , the wholesale arm of Rocket Mortgage , hopes to woo brokers with a slew of product enhancements and services. Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year.

Loan Officers 243

Loan Officers Real Estate Agent Tools Business 243

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth.

Mortgage 325

Mortgage Technology Loan Officers Investing 325

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 318

Retail Real Estate Agent Business Mortgage 318

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Housing Wire

MAY 3, 2023

” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities. ” Ahead of the Fed meeting, mortgage applications picked up this week as rates dropped slightly.

Real Estate Agent 367

Real Estate Agent Inventory Loan Officers Mortgage 367

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. 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.

Inventory 312

Inventory Marketing Business Buyers 312

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market. Connie Kim: Thuan, you hit a record $2.47

Business 74

Business Retail Realtors Loan Officers 74

Lamacchia Realty

JANUARY 23, 2023

Buying a new home requires a mortgage, where a lender loans you the money, and you pay it back over time. To get a mortgage, you’ll need a down payment to prove you are responsible and will pay it back. Ideally, a down payment on a mortgage should be 20% of the home’s price. Step 3: Get pre-approved for a mortgage.

Real Estate Agent 72

Real Estate Agent Inspection Realty Real Estate 72

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67