Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

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Mortgage Lending Finance Retail 366

Housing Wire

APRIL 26, 2022

HousingWire recently spoke to Jonathan Scarpati, Senior Vice President of Wholesale Lending at Finance of America Reverse, about tapping into the reverse mortgage market in light of the changing market. . It’s also essential for originators to understand that reverse mortgages are not loans of last resort.

Housing Market 365

Housing Market Business Mortgage Marketing 365

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 340

Housing Market Mortgage Marketing Real Estate 340

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How has wholesale changed over the past 2–3 years?

Mortgage 363

Mortgage Retail Lending Loan Officers 363

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. In our business, that’s the refinance transaction. Anticipating the start of the refi race When mortgage rates finally rose above their historically low levels, the mortgage refinance business started to dry up.

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Mortgage Technology Tools Business 433

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Connects.

Loan Officers 404

Loan Officers Mortgage Lending Modernization 404

Housing Wire

FEBRUARY 28, 2024

Tom Davis, chief sales officer, Deephaven Mortgage Today’s market means that more borrowers have higher debt-to-income ratios, limited access to credit and are looking for alternative ways to get qualified for a mortgage. Often, traditional mortgage products don’t meet their needs. today, according to the U.S.

Mortgage 375

Mortgage Investors Real Estate Business 375

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. We were founded during a time of volatility and our business model has set us up to survive challenging times since. Not in droves like in 2021, but the business is out there.

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Lending Loan Officers Training Investors 362

Housing Wire

APRIL 5, 2024

mortgage industry recently had to remind itself of this fact when a CNN analysis found that the nation’s largest credit union, Navy Federal, has the widest disparity in mortgage approval rates between white and black borrowers of any major lender. Is the mortgage industry offering fair access to loans?

Mortgage 360

Mortgage Lending Buyers Property Management 360

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. It’s a different approach to lending.

Mortgage 359

Mortgage Loan Officers Lending Retail 359

Housing Wire

OCTOBER 15, 2021

Home lending proptech Roostify is releasing the “first of many” APIs on its existing lending platform built to automate document validation and data extraction in the lending process. Even in its relatively early stages of training the AI models, it is already turning out FI scores between 0.83

Lending 315

Lending Development Training Mortgage 315

Housing Wire

DECEMBER 7, 2023

Flagstar ’s presence and expertise in the third-party wholesale mortgage origination market have combined to create a history of success extending over 35 years. Business partners that work with Flagstar see its one-stop-shop business model as a convenient and complementary platform and a catalyst to growing their own businesses.

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Lending Clients Business Technology 311

Housing Wire

NOVEMBER 17, 2022

Wisconsin-based mortgage lender Waterstone Mortgage Corporation appointed Chik Quintans its new director of digital marketing, the company announced Thursday. Quintans’ professional career spans more than two decades in mortgage lending. In 2021, he was a mortgage banker at USA Mortgage.

Mortgage 365

Mortgage Marketing Training Design 365

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officers 351

Loan Officers Mortgage Real Estate Agent Business 351

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 385

Loan Officers Technology Lending Tools 385

Housing Wire

SEPTEMBER 29, 2020

As the Fed pulls out all the stops to stimulate economic activity, mortgage rates have reached record lows. This sounds like great news for lenders, for whom millions of newly refi-eligible mortgages means a lot of new business coming in. When the sugar high is gone, they’ll be your anchor for bringing in traditional business.

Lending 415

Lending Loan Officers Business Investors 415

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. PACE programs are also not regulated as heavily as other financial services, including mortgage lending. “We have a significant portfolio of clients, roughly 2.5

Mortgage 410

Mortgage Clients Lending Technology 410

Housing Wire

OCTOBER 19, 2021

trillion in mortgage originations, according to the Mortgage Bankers Association (MBA), as interest rates plunged, and COVID-19 accelerated an ongoing exodus from cities to the suburbs. Lenders haven’t been able to hire and train fast enough. The post The originations landscape is shifting – is your business ready?

Business 357

Business Clients Technology Training 357

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

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Mortgage Training Business Transportation 385

Appraisal Buzz

APRIL 23, 2024

Mortgage industry veteran Kurt Raymond, CMB, has joined Informative Research as senior vice president and borrower journey engineer. Raymond co-founded mortgage industry consulting firm Excelerate Advisors and serves as owner and founder of KATANTCO2, specializing in connecting small and emerging companies to other mortgage industry entities.

Lending 195

Lending Training Design Tools 195

Appraisal Buzz

APRIL 2, 2024

Thomas Gallucci has joined Xactus , a provider of borrower verification solutions for the mortgage industry, as executive vice president, strategic sales. Gallucci has nearly 20 years of financial services and mortgage industry experience, fostering business relationships and leading sales efforts.

Modernization 195

Modernization Training Development Business 195

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. State of Mortgage Automation. Indecomm’s automation continuum showcases several potential opportunities for RPA across the mortgage origination lifecycle.

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Lending Technology Tools Training 404

Housing Wire

SEPTEMBER 27, 2023

community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.

Advertising 402

Advertising Loan Officers Lending Training 402

Housing Wire

MAY 25, 2022

Keller Mortgage , part of the kwx holding company, laid off operations positions in a conference call on Monday May 23, according to more than a dozen employees. “We remain committed to assisting our impacted employees and to growing our mortgage offerings over the long term.” There is no cost for the company to keep them.

Mortgage 392

Mortgage Loan Officers Retail Training 392

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire: What are some potentially overlooked products that originators could add to their portfolios to grow their businesses in the rising rate environment?

Mortgage 374

Mortgage Clients Business Training 374

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Homepoint’s financial statements tell the story. Homepoint is hardly alone.

Mortgage 392

Mortgage Loan Officers Finance Investors 392

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. Just shy of a year ago, Interfirst announced that it would be opening an office in Charlotte to serve as a second headquarters for the company’s wholesale business. In returning from its three-year hiatus, Interfirst said it had reinvented itself as a tech-forward mortgage lender.

Mortgage 375

Mortgage Loan Officers Retail Technology 375

Housing Wire

MAY 5, 2021

Rocket Mortgage originated more than $100 billion in mortgages for yet another quarter, but profit margins are trending down. And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 billion a year prior.

Mortgage 413

Mortgage Real Estate Agent Real Estate Clients 413

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 361

Mortgage Loan Officers Retail Training 361

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. The ‘ultimatum ’ it imposed two years ago effectively prohibited broker partners from also doing business with two of UWM’s rivals. It quickly prompted antitrust lawsuits. However, it requires monitoring.

Lending 360

Lending Law Legal Training 360

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% Of the total, 36.1%

Mortgage 336

Mortgage Marketing Loan Officers Real Estate Agent 336

Housing Wire

MAY 18, 2022

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans.

Mortgage 393

Mortgage Clients Insurance Tools 393

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 372

Contracts Loan Officers Legal Best Value 372

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. It was not enough: the Rosemont, Illinois-based business plans to lay off 140 more employees in May, a Worker Adjustment and Retraining Notification Act (WARN) the company filed in early March reveals. The workforce reduction is also focused on mortgage loan production.

Human Resources 371

Human Resources Loan Officers Retail Training 371