Housing Wire

AUGUST 30, 2021

To address these grievances, Cadence has agreed to invest over $5.5 million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods.

Lending 375

Lending Loan Officers Advertising Development 375

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 387

Lending Loan Officers Business Investors 387

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. The lender and LO can make or break the transaction.”

Buyers 369

Buyers Agents Loan Officers Real Estate 369

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 449

Loan Officers Lending Real Estate Brokerage 449

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

Law 366

Law Loan Officers Lending Advertising 366

Housing Wire

MAY 23, 2022

According to Worker Adjustment and Retraining Notification (WARN) notices submitted to the Employment Development Department (EDD) on April 28 and May 9, the company plans to cut 207 jobs in two rounds on June 27 and July 8, in letters to the EDD reviewed by HousingWire. The company announced it was investing $3.9

Loan Officers 393

Loan Officers Human Resources Mortgage Business 393

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

Lending 326

Lending Loan Officers Development Mortgage 326

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. In acquiring Stearns, the company sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities.

Retail 381

Retail Loan Officers Best Value Business 381

Housing Wire

JULY 30, 2021

HousingWire recently sat down with Total Expert Director of Technology Alliances Josh Lehr to learn more about recent trends around direct-to-consumer lending. HousingWire: How have trends around direct-to-consumer lending changed over the past year? In fact, 36% of Americans said they would be willing to buy a home entirely online.

Loan Officers 380

Loan Officers Lending Technology Tools 380

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgage 407

Mortgage Loan Officers Lending Human Resources 407

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans.

Loan Officers 338

Loan Officers Law Training Lending 338

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. Tuesday’s most recent round of funding was led by Insight Venture Partners , who had in 2018 invested $20 million into SimpleNexus, and is no stranger to housing startups.

Architecture 384

Architecture Real Estate Agent Loan Officers Real Estate 384

Housing Wire

FEBRUARY 1, 2023

Starting February 1, UWM’s one-time close construction loans will be available on eligible 15- and 30-year fixed conventional loans and 7- and 10-year adjustable-rate mortgages (ARMs), the firm said Wednesday. The loan will cover an 11-month maximum build period with a one-month modification.

Construction 392

Construction Real Estate Agent Loan Officers Legal 392

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 343

Loan Officers Retail Real Estate Agent Real Estate 343

Housing Wire

FEBRUARY 16, 2024

We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. RA: We joke that we’re kind of control freaks and feel we have invested in the right things. SW: How does this acquisition fit in with New American Funding’s overall strategy?

Loan Officers 364

Loan Officers Retail Clients Real Estate Agent 364

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. “We’ve got a great capital base, so we have the opportunity to invest. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgage 359

Mortgage Retail Lending Sellers 359

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Presented by: Acra Lending. Six months ago Interfirst Mortgage Co.

Human Resources 342

Human Resources Loan Officers Retail Training 342

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 369

Housing Market Marketing Contracts Finance 369

Housing Wire

MARCH 8, 2021

Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire: Why do you feel it is important to continually develop and use new technologies? Renata Sheyner : Two key industry factors drive the need for continual use and development of new technologies.

Technology 302

Technology Lending Loan Officers Development 302

Housing Wire

JUNE 30, 2021

With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. The no-cost solution allows brokers to submit applications, price out loans, eSign documents and helps make the experience smoother for borrowers and real estate agents.

Tools 302

Tools Training Technology Clients 302

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. It’s the sprint that can really set lenders apart.

Mortgage 395

Mortgage Technology Tools Business 395

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. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. This morning, Blend President Tim Mayopoulos (and former CEO of Fannie Mae ) told me that Blend didn’t necessarily “need” the funding but saw the value in accelerating its product development plans.

Investing 484

Investing Loan Officers Technology Development 484

Housing Wire

OCTOBER 6, 2020

Almost all of the lender’s technology investment over the past few years has been focused on the Point of Sale (POS). While there has been some increase in borrower satisfaction and front-end efficiency, lenders have not recouped these investments in savings on manufacturing loan assets. Lending technology out of focus.

Technology 439

Technology Mortgage Investors Investing 439

Housing Wire

MAY 3, 2022

Surging house prices have made home equity products an obvious choice for lenders to invest in, given the value of homes used as collateral for such loans are rising. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however.

Renovations 390

Renovations Loan Officers Technology Mortgage 390

Housing Wire

SEPTEMBER 8, 2022

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer. Not anymore.

Business 393

Business Marketing Technology Tools 393

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Spending on residential investment and housing services accounted for 17.5% Incentivizing developers is necessary. Committing non-bank lending institutions.

Insurance 363

Insurance Construction Government Lending 363

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 291

Real Estate Agent Real Estate Project Management Agents 291

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 333

Mortgage Loan Officers Retail Training 333

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla. ” Tapping that equity.

Mortgage 382

Mortgage Loan Officers Finance Investors 382

Housing Wire

MARCH 30, 2022

But for First American, its shrewd investments in rising proptech companies are a core business strategy. By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. Two examples of investments we have made in this space are Vesta and Polly.

Mortgage 323

Mortgage Real Estate Investing Technology 323

Housing Wire

SEPTEMBER 30, 2021

The adoption of digital lending solutions has been increasing over the last few years, with the COVID-19 pandemic only accelerating the process. We’ve been at this a long time, so we understand our clients’ need for agile and technology-forward lending platforms to help them sustain and scale critical business processes.”.

Technology 270

Technology Clients Supply Chain Design 270

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’

Real Estate 311

Real Estate Brokerage Real Estate Agent Technology 311

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec.

Lending 346

Lending Government Law Mortgage 346

Housing Wire

SEPTEMBER 5, 2023

In today’s environment, I think there are going to be more households looking to use their equity to invest in their home within the context of retaining the existing primary mortgage that they have at attractive rates. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 326

Technology Mortgage Tools Insurance 326

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

Insurance 328

Insurance Modernization Lending Mortgage 328

Housing Wire

DECEMBER 21, 2023

At the end of the day, Guaranteed Rate really is a fintech company that happens to also do retail lending, which is a very unusual combination. SW: How are you developing products for the next wave of homebuyers? We’re going to take the best of the best and not limit ourselves based on any one particular perspective.

Technology 313

Technology Investors Development Loan Officers 313