Housing Wire
AUGUST 7, 2020
Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.
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. So this isn’t brand new,” Kidwell noted.
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Housing Wire
APRIL 24, 2024
I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. If you’re medium-sized, we can help create a referral program for all your loan officers.”
Housing Wire
APRIL 1, 2024
I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.
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. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.
Housing Wire
MARCH 27, 2024
Forward-reverse divide With the addition of more forward mortgage companies to the space recently, a natural question comes up about what kind of professionals to hire — either dedicated reverse mortgage specialists who know how this kind of transaction works, or forward specialists who can be trained in the particulars of reverse.
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. And, according to Covey, the changes are necessary in traditional retail lenders to navigate the industry headwinds.
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