Housing Wire

FEBRUARY 5, 2024

million to acquire Residential Mortgage Services Holdings (RMS), a Maine-headquartered retail lender of which Seely was president and CEO. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. Seely joined Guild in 2021 when the California-based lender paid $196.7

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Retail Contracts Loan Officers Mortgage 361

Housing Wire

SEPTEMBER 1, 2020

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.

Loan Officers 372

Loan Officers Retail Lending Contracts 372

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. and Delaware employees also transitioned to the retail competitor. In some cases, Movement offered a $125,000 signing bonus to loanDepot loan originators to come to the company, the lawsuit claims.

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Retail Contracts Legal Business 352

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world. 375% below the market.”

Mortgage 336

Mortgage Loan Officers Retail Training 336

Housing Wire

JUNE 2, 2023

All these other retail lenders are doom and gloom, saying: “The market is so hard, I gotta wait for next year.” Ishbia: Pennymac doesn’t originate loans. They buy loans. The only originators are retail or wholesale. Small retail lenders originate the loan, close it, and then sell it to Pennymac.

Retail 344

Retail Inventory Mortgage Loan Officers 344

Housing Wire

FEBRUARY 3, 2022

Analysts at Cider Knoll Holdings , an equity research firm specializing in nonbank mortgage originators, project earnings per share for 10 nonbank mortgage companies to contract 30% in the fourth quarter, compared to the previous quarter. As pure-play retail mortgage lenders go, Guild has been a bright spot.

Mortgage 360

Mortgage Retail Finance Investors 360

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 360

Lending Real Estate Agent Loan Officers Retail 360

McKissock

APRIL 20, 2021

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 Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. First-time homebuyers account for roughly half of purchase loans, and the government lending programs are an important source of financing for these homebuyers.

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.

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Retail Real Estate Agent Business Mortgage 321

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. Take fair lending concerns for a minute. I was astonished, frankly. No lender does.

Business 539

Business Retail Mortgage Lending 539

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 in the third quarter of 2020.

Lending 383

Lending Mortgage Real Estate Loan Officers 383

Appraisal Today

SEPTEMBER 15, 2023

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? This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 85

Appraisal Real Estate Agent Contracts Real Estate 85

Appraisal Today

MAY 12, 2023

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! from 0.54 (including the origination fee) for 80 percent LTV loans.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 69

Appraisal Contracts Mortgage Marketing 69

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. Is there room for more improvement?

Appraisal 52

Appraisal Insurance Real Estate Business 52