Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans.

Lending 479

Lending Mortgage Loan Officers Government 479

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. “The

Lending 384

Lending Finance Loan Officers Legal 384

Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

Lending 421

Lending Human Resources Mortgage Loan Officers 421

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

Lending 441

Lending Loan Officers Mortgage Government 441

Housing Wire

OCTOBER 2, 2023

BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. When retail loan originators visit the website, LOs are asked to fill out their names, contact information and comments or questions about wholesale lending.

Retail 410

Retail Loan Officers Lending Business 410

Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. Expected to close around Oct. billion in assets, the companies claim.

Lending 370

Lending Retail Legal Loan Officers 370

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well. The group will be branded as Shamrock, Powered by CMG Home Loans.

Loan Officers 421

Loan Officers Retail Lending Renovations 421

Housing Wire

NOVEMBER 10, 2023

And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. Home equity line of credit (HELOC) and home equity loan originations increased 50% in 2022 compared to two years earlier, according to the Mortgage Bankers Association ’s Home Equity Lending Study.

Lending 450

Lending Tools Inventory Renovations 450

Eyes on Housing

MAY 7, 2024

According to the Federal Reserve Board’s April 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened further for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the first quarter of 2024.

Lending 121

Lending Loan Officers Real Estate Finance 121

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. million in loan volume last year.

Lending 397

Lending Retail Loan Officers Mortgage 397

Housing Wire

MARCH 23, 2022

“Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage. From the bottom up, our goal is to build a lifelong relationship around mortgage lending.

Finance 366

Finance Loan Officers Lending Housing Market 366

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 383

Lending Loan Officers Mortgage Investors 383

Housing Wire

DECEMBER 12, 2023

“We would prefer to be picking up the loan officers without the branches, without physical locations because we’re trying to backfill into where we have existing retail opportunities and we have space.” In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape.

Retail 450

Retail Marketing Loan Officers Government 450

Housing Wire

MAY 6, 2024

According to Inside Finance Mortgage (IMF) estimates, Fairway ranked as 13th-largest U.S. As of Monday, the company had 2,824 sponsored loan officers and 860 active branch locations, per the Nationwide Multistate Licensing System (NMLS). Last year, the group funded a reported 291 loans for an aggregate volume of $158.8

Retail 421

Retail Loan Officers Legal Lending 421

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Appraisal Buzz

MAY 23, 2024

The integration helps lenders make affordable home financing opportunities more accessible while growing business and forging referral partnerships, Down Payment Resource says in a release. We’re giving lending staff everything they need to know the moment a loan needs to be created.”

Mortgage 195

Mortgage Loan Officers Lending Finance 195

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). In 2021, LoanSnap secured $30 million in series B financing led by True Ventures. But the crux of the commissioner’s findings focuses on unlicensed origination activities.

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Loan Officers Mortgage Finance Lending 409

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Housing News.

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Loan Officers Mortgage Lending Modernization 410

Housing Wire

FEBRUARY 12, 2024

Most of last year’s top-producing loan officers at DKMC are not transitioning to NAF, HousingWire reported. Bogle has 15 years of experience leading marketing departments in the home financing industry. . It originated nearly $642 million in loans in 2023, per mortgage tech platform Modex.

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Marketing Loan Officers Advertising Retail 410

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

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Lending Valuation Clients Tools 410

Housing Wire

MARCH 6, 2024

Newrez has had some notable departures lately, including top loan officer John Abraham , who joined The Money Store this month. Guaranteed Rate, the eighth-largest mortgage lender according to Inside Mortgage Finance (IMF) rankings, has been putting a lot of emphasis in its tech stack.

Marketing 421

Marketing Loan Officers Retail Lending 421

Eyes on Housing

AUGUST 3, 2023

According to the Federal Reserve Board’s July 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the second quarter of 2023—banks reported that lending standards tightened for all residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 113

Lending Loan Officers Real Estate Construction 113

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. “I Really struggling.

Loan Officers 410

Loan Officers Mortgage Buyers Finance 410

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 370

Loan Officers Mortgage Technology Tools 370

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. He left Rocket in the beginning of 2019.

Retail 421

Retail Lending Loan Officers Brokerage 421

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.

Lending 466

Lending Mortgage Technology Business 466

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Both Droge and Olmos come to University Bank from Open Mortgage , which shuttered its own top 10 reverse mortgage lending division late last year. University Bank has been around for 130-plus years,” he said.

Mortgage 441

Mortgage Lending Loan Officers Design 441

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 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

FEBRUARY 15, 2024

More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said. Better Home & Finance Holding Co. , The VA team reflects a different strategy for the company when hiring employees, Garg added. The company posted a loss of $340 million in the third quarter.

Loan Officers 409

Loan Officers Finance Mortgage Lending 409

Housing Wire

SEPTEMBER 15, 2023

The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. In addition, the company has requested the return of commissions paid for loans that were originated but subsequently recaptured. Gifoli served as a loan officer from May 2021 to October 2021.

Loan Officers 410

Loan Officers Legal Real Estate Lending 410

Eyes on Housing

FEBRUARY 12, 2024

According to the Federal Reserve Board’s January 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the fourth quarter of 2023.

Real Estate 100

Real Estate Lending Loan Officers Government 100

Eyes on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 136

Lending Real Estate Loan Officers Construction 136

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 431

Loan Officers Tools Business Clients 431

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. million in unpaid compensation. It originated $15.46

Loan Officers 419

Loan Officers Legal Retail Finance 419

Housing Wire

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG).

Lending 410

Lending Finance Retail Mortgage 410

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. Rocket didn’t respond to requests for comment.

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Loan Officers Mortgage Real Estate Agent Real Estate 370