Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. I mean we’re talking up to 30 years,” Nichols said.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal.

Loan Officers 458

Loan Officers Clients Law Legal 458

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed. million in cash.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Citadel resumed non-QM lending in the summer. Presented by: WFG.

Lending 433

Lending Investing Business Retail 433

Housing Wire

FEBRUARY 21, 2024

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 410

Retail Tools Lending Clients 410

Housing Wire

JUNE 20, 2023

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Meanwhile, the retail channel was responsible for $1.3 The company’s volume comes mainly from third-party originators.

Business 370

Business Mortgage Retail Lending 370

Housing Wire

MAY 14, 2024

“Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I I look forward to working closely with the talented team at Atlas VMS to elevate our appraisal management services and create value for our clients.“

Appraisal 431

Appraisal Valuation Retail Clients 431

Housing Wire

JANUARY 15, 2021

Its retail originations actually fell slightly in the fourth quarter, likely due to a rise in coronavirus cases across the country (see page 15). Overall, retail originations declined to $20.1 As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry.

Lending 380

Lending Retail Valuation Mortgage 380

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Technology 421

Technology Retail Lending Design 421

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. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

APRIL 8, 2021

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 410

Retail Lending Clients Finance 410

Housing Wire

MARCH 23, 2021

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets. retail banks.

Retail 485

Retail Mortgage Clients Lending 485

Housing Wire

AUGUST 10, 2022

Amid a market downturn, the company has decided to focus on the retail lending business. “As As one of the few retail lenders that saw production grow from Q1 to Q2, we’ve decided to keep our focus on our greatest strength: retail lending,” David Robnett, chairman and CEO, wrote in a statement.

Retail 370

Retail Lending Mortgage Business 370

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. Guild, the most active lender in terms of M&A deals on our list, wants to expand its retail business model nationwide to gain market share.

Mortgage 421

Mortgage Retail Lending Sellers 421

Housing Wire

MARCH 5, 2024

The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. With their incredible resources, we’re now equipped to serve our clients and partners better than ever before,” Abraham said in a LinkedIn post on Tuesday. Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Housing Wire

APRIL 12, 2024

We do not know how these factors will play out, but we must prepare the Firm for a wide range of potential environments to ensure that we can consistently be there for clients,“ Dimon said in a prepared statement. All of its production in Q1 2024 came from its retail branches and was mainly focused on purchase loans. Regarding the U.S.

Mortgage 441

Mortgage Retail Lending Business 441

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 421

Loan Officers Retail Finance Buyers 421

Housing Wire

DECEMBER 12, 2022

Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. Meanwhile, the retail channel’s market share slipped to 56% of the overall originations pie in the third quarter of 2022. Bank Home Mortgage and Planet Home Lending.

Marketing 397

Marketing Lending Retail Clients 397

Housing Wire

JUNE 29, 2023

We’re thrilled to offer our clients the efficiencies and conveniences that this partnership brings,” MaryKay Theriault , director of product management at Finastra, said. ” Finastra’s MortgagebotLOS, a web-based mortgage lending platform, supports retail, wholesale, and correspondent business channels. .

Lending 370

Lending Tools Retail Clients 370

Housing Wire

JUNE 6, 2023

“You can lend where you live and continue to build relationships with clients and real estate agents in your community. We have Rocket retail, and we compete,” Fawaz said. The company is looking for someone who has a “proven track record generating organic referrals” that result in closings.

Loan Officers 370

Loan Officers Mortgage Retail Real Estate Agent 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. It just has not gone well.”.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

JANUARY 12, 2024

billion in home loans, representing only 23% of the $108 billion volume in the previous year, when it was still the kingfish in correspondent lending. But the retail channel also declined – to $24 billion in 2023 from $64 billion the previous year – due in large part to higher rates. Home lending revenues declined to $3.3

Mortgage 450

Mortgage Lending Retail Business 450

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Retail Renovations 370

Appraisal Buzz

JANUARY 20, 2022

Factual Data , a provider of credit and verification services to the lending industry, has conducted a credit integration with Newgen Software’s commercial loan origination system (LOS). Many of Newgen’s clients were previously handling the commercial lending journey using manual, time-consuming methods.

Retail 195

Retail Lending Clients Appraisal 195

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We grew with a call center model for the first 10 years and only got into outside distributed retail 11 years ago. What made Draper and Kramer a good fit for NAF to acquire?

Loan Officers 421

Loan Officers Retail Clients Real Estate Agent 421

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. Unclear is what pressure eXp’s agents may feel to direct their clients to Success.

Mortgage 410

Mortgage Lending Brokerage Agents 410

Housing Wire

AUGUST 30, 2022

FormFree’s AccountChek, a service that allows lenders to verify borrower’s assets, income, employment and rent payment history, is used by retail, wholesale and correspondent originators. It will now be integrated with Docutech’s Solex , an end-to-end eClose solution that allows lenders to work with only one vendor for closng.

Retail 397

Retail Lending Mortgage Clients 397

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

AUGUST 1, 2023

To gain insight into how Rocket plans to strengthen its local presence to capture purchase volume, HousingWire spoke to more than a dozen former Rocket employees, current retail loan officers and mortgage brokers who have been contacted by Rocket recruiters to join its local initiative. In retail originated loans, [lenders] own the customer.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. Seely’s attorneys did not immediately respond to requests for comments.

Retail 421

Retail Contracts Loan Officers Mortgage 421

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. It will maintain its headquarters in Salt Lake City.

Renovations 420

Renovations Home Improvement Marketing Finance 420

Housing Wire

MARCH 27, 2024

The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. Business alignment Krajewski most recently served as vice president and head of reverse mortgage lending at University Bank , and he joined US Mortgage earlier this month.

Business 432

Business Mortgage Loan Officers Training 432

Housing Wire

SEPTEMBER 11, 2023

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. But the client gets to benefit from that.” The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

JULY 31, 2023

“Flagstar is an originator and servicer that also provides financing solutions through its warehouse and MSR lending businesses,” Smith said. “We And now, thanks to our acquisitions from Signature, we also can offer cash and treasury management services that focus on mortgage clients and businesses.”

Mortgage 370

Mortgage Clients Business Investing 370

Housing Wire

MARCH 2, 2021

Effective Tuesday, Rocket Pro TPO broker partners can offer their clients a new jumbo product, called “Jumbo Smart.” HousingWire recently sat down with Tom Hutchens, Angel Oak EVP of production, who shared how non-QM lending could be an effective way for lenders to replace lost business in the event of a refi boom slowdown.

Mortgage 370

Mortgage Clients Lending Business 370

Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. The first transaction is the most important, but we want to make sure we have a relationship with you afterward.

Loan Officers 384

Loan Officers Mortgage Lending Retail 384