Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

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Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. The spread between the 30-year fixed-rate mortgage and the 10-year Treasury yield has narrowed after sitting at over 300 basis points, compared to the historic norm of 150 bps.

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Mortgage Loan Officers Inventory Business 438

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 401

Business Mortgage Loan Officers Inventory 401

Appraisal Buzz

JUNE 7, 2021

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

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Training Reconsideration of Value Valuation Clients 366

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

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Loan Officers Mortgage Real Estate Agent Business 320

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How is broker market share trending?

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Mortgage Retail Lending Loan Officers 342

Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. Not every loan officer that wanted to join APM was hired, however. The focus was on high-producing and profitable branches — and the loan officers who were part of those branches were brought over, Lowman explained. . “We

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Loan Officers Mortgage Training Finance 328

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? However, today more than ever before, this ambitious goal is within reach thanks to the marketing power of the internet via social media. Sounds too good to be true, doesn’t it?

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Loan Officers Training Development Technology 361

Housing Wire

JUNE 2, 2022

Movement Mortgage will pay $75,000 to resolve allegations of racial discrimination, in violation of the Fair Housing Act, identified by undercover testers from the National Community Reinvestment Coalition. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019.

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Mortgage Training Loan Officers Lending 361

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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Loan Officers Technology Lending Tools 355

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.

Real Estate Agent 401

Real Estate Agent Loan Officers Real Estate Agents 401

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. Lenders in a purchase money market, like the one we’re in now, are running a long-distance race. It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway.

Mortgage 400

Mortgage Technology Tools Business 400

Housing Wire

JANUARY 25, 2023

About 25 people from loanDepot ’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead. After Chevalier left for Revolution Mortgage in December, loanDepot gave the team an ultimatum to either work for another loanDepot team or leave, a former loanDepot employee told HousingWire. “We

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Mortgage Loan Officers Retail Training 341

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

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Buyers Marketing Sellers Loan Officers 463

Housing Wire

DECEMBER 9, 2022

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. billion from the start of the year, consisting of 70% purchase mortgages. The lender originated a volume of $1.8

Mortgage 401

Mortgage Retail Real Estate Agent Loan Officers 401

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. billion in loans in 2023. “Our basic strategy for growth has always been organically, getting into markets one by one.

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Retail Mortgage Loan Officers Business 332

Housing Wire

MAY 25, 2022

Keller Mortgage , part of the kwx holding company, laid off operations positions in a conference call on Monday May 23, according to more than a dozen employees. Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees.

Mortgage 384

Mortgage Loan Officers Retail Training 384

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 334

Mortgage Loan Officers Lending Retail 334

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Retail 364

Retail Mortgage Loan Officers Marketing 364

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. The layoffs take effect on Jan.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. The mortgage-related content that she makes on her TikTok is then uploaded to her LinkedIn and Facebook profile.

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Marketing Real Estate Agent Loan Officers Advertising 381

Housing Wire

SEPTEMBER 14, 2023

But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. Sarah Wheeler: What do people in the mortgage industry not understand about AI? But high value? AP: People do get upset.

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Loan Officers Technology Mortgage Training 373

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems.

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Loan Officers Real Estate Agent Real Estate Finance 374

Housing Wire

DECEMBER 16, 2022

For those of us in the mortgage industry, the next 100 days is meaningful as it will be a period that requires the most focus and greatest amount of perseverance. Dustin Owen Waterstone Mortgage Contributor. The housing market has been in a recession since mid-year 2022. Want to train for a marathon? This will pass.

Mortgage 371

Mortgage Loan Officers Training Housing Market 371

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

MAY 4, 2022

LoanSnap has unveiled a cloud-based portal called LoanFLow that will allow licensed brokers and loan officers in the U.S. to originate mortgages anywhere at any time. The company says its new LoanFlow portal will allow originators to close loans in as little as 24 hours and in 15 days on average, the company said.

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Loan Officers Technology Tools Training 296

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

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Loan Officers Training Business Retail 325

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

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Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. Chris Erickson, vice president of product and strategy at Motto Mortgage and wemlo.

Marketing 359

Marketing Real Estate Agent Lending Real Estate 359

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. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 22, 2020

Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. Conclusions

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Mortgage Training Contracts Loan Officers 375

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

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Mortgage Loan Officers Lending Human Resources 409

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? Get back to basics to find it.

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Lending Loan Officers Training Investors 330

Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. UWM firmly believes the time to dominate as an independent mortgage broker is now. UWM recently launched an exclusive new marketplace called Boost.

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Mortgage Real Estate Agent Clients Tools 285

Housing Wire

AUGUST 31, 2022

With more than 20 years of experience, CreditXpert has rolled with the punches brought on by a turbulent housing market and has excelled at adapting to the industry’s growing digital revolution and shift towards fast fintech solutions. However, CreditXpert isn’t just helping those with lower scores qualify for mortgages.

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Mortgage Clients Loan Officers Finance 303

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? More critical than training on skills is training on having a strong mindset,” said Matt Weaver. for purchase mortgage origination, and he is taking the stage at HW Annual. Mindset is everything. 1 LO in the U.S.

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Real Estate Agent Mortgage Real Estate Training 248