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

AUGUST 7, 2020

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. Learning to utilize that technology for a database that can be used to maintain constant contact with clients and retain business was crucial, Smallwood said. “We’re

Retail 370

Retail Mortgage Loan Officers Marketing 370

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.” 4 retail mortgage lender in the U.S., It’s a telling story for Jeff to rejoin the Guaranteed Rate family.

Retail 410

Retail Tools Lending Clients 410

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

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. Meanwhile, the retail channel was responsible for $1.3 His expertise is in building product breadth and pricing strategies for clients. Truist, a top U.S.

Business 370

Business Mortgage Retail Lending 370

McKissock

SEPTEMBER 5, 2022

For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. . Private investors are moving towards investments in the retail sector because of shifts in how consumers behave.

Retail 73

Retail Real Estate Investors Real Estate Agent 73

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. In his new role, Wayman will focus on client experiences across Citi’s U.S retail banks. retail banking. retail banking. “As

Retail 485

Retail Mortgage Clients Lending 485

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% Add the clients’ names and the date of their closing. Enhancing the entire client experience Real estate transactions can be stressful, and clients often remember the exceptional service and personal touches that set their agent apart.

Real Estate 422

Real Estate Clients Retail Client Relationships 422

Housing Wire

JUNE 5, 2023

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

NOVEMBER 15, 2023

We share a core value in that we are not afraid to roll up our sleeves to help our clients win. “We are beyond excited to be partnering with Valuation Connect,” Class Valuation CEO John Fraas said in a statement. “We Combining forces is going to be a win-win for all stakeholders.” Class Valuation has been on an acquisition spree.

Valuation 409

Valuation Technology Clients Modernization 409

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 408

Retail Lending Clients Finance 408

Housing Wire

MARCH 12, 2024

With Blueprint Builder, triggers and business rules can be configured to align the borrower experience to operations processes (such as credit score-based rules), and to support multiple business units or channels, including retail, direct-to-consumer and wholesale.

Technology 418

Technology Retail Lending Design 418

Housing Wire

APRIL 2, 2024

Because of the lack of inventory and multiple offers, the NAF Cash product will give an advantage for my clients over other butter that cannot make a cash offer,” said Steinway. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 419

Loan Officers Retail Finance Buyers 419

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

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. NewRez, which owns Caliber, recently instituted a large layoff of its top sales managers and changed loan officer compensation as part of a retail mortgage restructuring.

Loan Officers 420

Loan Officers Retail Lending Mortgage 420

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 365

Loan Officers Mortgage Retail Real Estate Agent 365

Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business.

Lending 384

Lending Business Retail Client Relationships 384

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

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

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. Licensed in 23 states across the country, PrimeLending has 150 branches including satellite and primary retail locations. Companies may be struggling in one way or another.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgage 415

Mortgage Clients Loan Officers Tools 415

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

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

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

SEPTEMBER 11, 2023

He most recently served as the president of troubled, largely defunct retail lender Celebrity Home Loans. During this 90-day period, the client can work with a real estate agent to list their prior home. In the acquisition, Flyhomes will be acquiring the Home Sale Assured brand and Meadow will join Flyhomes as VP of partnerships.

Contracts 407

Contracts Real Estate Agent Tenants Retail 407

Housing Wire

OCTOBER 16, 2023

HousingWire recently spoke to Alex Elezaj, chief strategy officer at UWM , about the work independent mortgage brokers can do right now to prepare for when rates drop and how to go above and beyond for clients. The reality is, we can’t control the rates, but we can control the service we provide and make sure we stay in front of past clients.

Business 420

Business Real Estate Agent Marketing Clients 420

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 439

Mortgage Retail Lending Business 439

Housing Wire

AUGUST 30, 2022

Founded in 1990, Mountain will continue to serve retail and consumer direct clients throughout the Western United States. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson.

Lending 421

Lending Retail Mortgage Clients 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. Stepping into the void. billion, a 12.6%

Marketing 397

Marketing Lending Retail Clients 397

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. The retail lender originated $56.6 The lender’s focus has been in tripling down on its network of top retail LOs.

Mortgage 522

Mortgage Marketing Retail Lending 522

Appraisal Buzz

MARCH 29, 2024

He also served as a senior vice president at Fifth Third Bank, where he built and led a large team of leaders and originators who partnered with the retail bank’s business and private bankers to significantly grow the company’s mortgage market share in Florida.

Lending 195

Lending Retail Finance Clients 195

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 369

Lending Tools Retail Clients 369

Housing Wire

JUNE 29, 2023

and Delaware employees also transitioned to the retail competitor. Additional Maryland, Washington, D.C., In some cases, Movement offered a $125,000 signing bonus to loanDepot loan originators to come to the company, the lawsuit claims. ” loanDepot has ongoing arbitrations with certain of the former employees.

Retail 420

Retail Contracts Legal Business 420

Housing Wire

APRIL 27, 2021

I am fighting back against UWM because my freedom and independence, the reason my clients choose to work with me, has been stripped away,” O’Kavage said in a statement. “If If I didn’t want to operate in an independent fashion, I would work on the retail side of the industry and work in-shop for one of the major lenders.

Loan Officers 370

Loan Officers Retail Law Clients 370

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. The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans. The financial terms of the deal were not disclosed.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

APRIL 7, 2023

While an influx of defaults could certainly harm banking institutions, this is the fear-mongering I advise my team and my clients to avoid. Let’s look at the retail industry, for instance. Back in the 80s, more than half of our retail transactions unfolded inside shopping malls.

Retail 397

Retail Real Estate Clients Modernization 397

Housing Wire

OCTOBER 17, 2022

Through the program, the homebuyer uses Rocket Pro TPO’s digital client portal to apply, submit documents and e-sign. Rocket then generates loan estimates, closing disclosures and final closing documents to the client through the portal. “Rocket has always supported choice for our mortgage broker partners and their clients.

Clients 410

Clients Retail Mortgage Tools 410