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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. Presented by: Black Knight.

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How LOs are dealing with an explosion of activity in NYC’s suburbs

Housing Wire

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

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Mortgage lenders facing a dark, cold winter

Housing Wire

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space.

Mortgage 431
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements. I have also served as the Chair and Co-Chair for the Agency Relations Committee of the Collateral Risk Network.

Training 366
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NAR Appraiser Survey July, 2023

Appraisal Today

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

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Will a Part-Time Real Estate Agent Salary Be Enough for You?

McKissock

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability. Real estate is often a second career.

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Data Collectors: Appraisers vs. Uber Drivers

Appraisal Today

Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Mortgage lending is very, very cyclical. I agree that I would be world-famous and rich if I could predict mortgage lending cycles! They are definitely dedicated. Those who adapt survive.