Housing Wire
APRIL 2, 2024
New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.
Housing Wire
MARCH 5, 2024
Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. Many of his buyers are still waiting for rates to come down before seeking preapproval for a mortgage.
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Housing Wire
DECEMBER 16, 2021
It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.
Housing Wire
MARCH 6, 2023
The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. The pendulum hasn’t swung back to where buyers are asking 10, 15, 20% lower than what listings are for.”
Housing Wire
JUNE 5, 2023
As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.
Housing Wire
APRIL 12, 2024
The best marketers are driving origination volume, purchase demand, buyer and seller leads and listing awareness by staying attuned to market trends and swiftly adjusting strategies and messaging to effectively communicate. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.”
Housing Wire
JUNE 6, 2023
and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. With rates around 6.9%
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