Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 344

Loan Officers Tools Business Clients 344

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn?

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Loan Officers Investors Mortgage Clients 392

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

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Lending Mortgage Technology Business 437

Housing Wire

JUNE 22, 2023

The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage.

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Loan Officers Mortgage Real Estate Agent Business 320

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 374

Housing Market Marketing Contracts Finance 374

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

Investors 373

Investors Real Estate Lending Loan Officers 373

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Also in 2021, Rocket decided it needed to have some loan officers on the ground who are in close contact with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. ” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% “Wholesale is growing.

Retail 362

Retail Loan Officers Landlords Lending 362

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

AUGUST 25, 2023

Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgage 282

Mortgage Investors Investing Technology 282

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. “The riches are in the niches.”

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Lending Loan Officers Real Estate Mortgage 314

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 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. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. With higher-risk loans like non-QM, the need for optimization needs to be underscored from the outset to avoid costly mistakes.

Lending 354

Lending Investing Loan Officers Design 354

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

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Valuation Loan Officers Investors Finance 370

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

APRIL 30, 2021

In today’s market, mortgage originators are forced to intertwine different software and technology to support the lending process from start to finish. With ReadyPrice, mortgage loan officers (MLOs) can manage and choose their pricing, run automated underwriting, and deliver approved loans in a timely manner.

Mortgage 301

Mortgage Technology Investors Lending 301

Housing Wire

SEPTEMBER 14, 2023

Real estate investment trust Redwood was founded in the early 1990s as the need for more private investors in the mortgage market grew. “We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Abate: There are a couple of things investors care about.

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Investors Investing Mortgage Real Estate 311

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Bank Home Mortgage , said at the MBA Annual convention.

Marketing 414

Marketing Law Government Mortgage 414

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. Though not necessarily to buyers with financing.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

FEBRUARY 10, 2023

We’re in an area that’s 90% condo [business], so it’s harder for lenders that don’t know this market to lend here. They would take a line of credit or an equity loan or a personal loan. The only refis we’ve seen are either late financing type refis or a divorce situation, [and] literally nothing else.

Marketing 349

Marketing Inventory Loan Officers Buyers 349

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 HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

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Lending Government Law Mortgage 350

Housing Wire

JUNE 15, 2022

After that initial period ends, rates adjust periodically based on a benchmark or index, such as the Secured Overnight Financing Rate, known as SOFR, based on actual transactions in the Treasury repurchase market. It’s not a bad thing for borrowers, lenders, and loan investors. Not a one-size fits all”.

Mortgage 349

Mortgage Bracketing Loan Officers Investors 349

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s

Investing 402

Investing Loan Officers Retail Mortgage 402

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. Competition favors institutional investors and households with higher incomes and stellar credit. Committing non-bank lending institutions. of GDP in 2020.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

AUGUST 8, 2023

Until mid-2022, 65% of Busch’s pipeline were jumbos , conventional loans that exceed Fannie Mae and Freddie Mac ‘s purchase standards , as set by the Federal Housing Finance Agency. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) Jumbos represented 22.7%

Insurance 315

Insurance Mortgage Clients Lending 315

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 ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

JUNE 1, 2023

Hunsaker said the interest rate that IMBs need to charge the borrowers “in order for them to securitize [loans through the agencies] and make a profit has to be pretty darn high, to the point where it’s going to drive down volume.” “So, because their cost structure has to shrink,” Hunsaker said. “So,

Real Estate 331

Real Estate Mortgage Marketing Inventory 331

Housing Wire

JULY 13, 2021

OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. Guaranteed Rate, on the other hand, is among the few top-15 lenders that’s not publicly traded, despite having well-heeled institutional investors like Blackstone Group. Compass stock traded at $13.45

Brokerage 293

Brokerage Real Estate Agents Clients 293

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. What do we need to rebuild?

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Technology Investors Development Loan Officers 317

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 We took those same investors that are our partners, and we just aligned specific products to them.” year over year.

Marketing 305

Marketing Retail Mortgage Investors 305

Housing Wire

SEPTEMBER 5, 2023

It’s so important in this market that when a buyer puts an offer on a home, it’s 100% clear that financing is available and ready to support the purchase. SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there.

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Technology Mortgage Tools Insurance 332

Listing Spark

FEBRUARY 16, 2023

Episode Summary Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. They also talk about the different types of financing available and how to structure a successful real estate investment. She has been with the company for 12 years and enjoys helping her clients be successful.

Real Estate 36

Real Estate Investing Investors Lending 36

Housing Wire

MARCH 30, 2022

One example of this is Lev , a company that facilitates commercial real estate lending, starting with small- and medium-sized transactions. We’re identifying and investing in new mortgage technology companies and capitalizing on the recent interest of entrepreneurs and venture investors in commercial real estate.

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Mortgage Real Estate Investing Technology 328