Housing Wire

MARCH 4, 2024

The reverse mortgage industry already knew that Home Equity Conversion Mortgage (HECM) endorsement volume in 2023 was cut nearly in half compared to 2022, but new data shows that the decline was not the same between the retail and wholesale channels of the business. The pullback in retail was not as severe as the one in wholesale.

Retail 425

Retail Mortgage Business Marketing 425

Housing Wire

OCTOBER 17, 2023

Mortgage tech firm Blend has launched a lower-cost version of its mortgage suite for retail independent mortgage banks, the company announced this week. Retail IMBs have helped build Blend into what it is today and we stand by the industry during this time.

Retail 437

Retail Loan Officers Inventory Mortgage 437

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. 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. and retail consisted of 56.5%

Retail 407

Retail Loan Officers Lending Business 407

Housing Wire

JANUARY 26, 2023

Two months after receiving the Federal Reserve ’s approval to merge with New York Community Bank, Michigan-based Flagstar Bank is reducing its footprint in the retail channel and laying off hundreds of staffers, according to laid off employees. “I The company offered severance payments based on tenure and job position.

Retail 446

Retail Mortgage Lending Finance 446

Housing Wire

SEPTEMBER 7, 2023

The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez had previously shared plans with HousingWire to double down on wholesale while scaling down its retail footprint. It’s all about the consumer. EPM originated $1.05

Retail 395

Retail Loan Officers Business Lending 395

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday.

Retail 383

Retail Mortgage Loan Officers Lending 383

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. “We still have retail, but we do believe that wholesale has the longest runway of growth and opportunity for us.” “Wholesale is growing. It’s a shift that is happening in the market.

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

JANUARY 31, 2023

(NYCB) confirmed it’s closing 69% of the retail home lending offices outside of its branches after acquiring Michigan-based Flagstar Bank. “We The retail channel was responsible for $6 billion from January to September 2022, a 54% decline year over year, per IMF data. The companies made the $2.6 Before the acquisition, Flagstar was No.

Retail 395

Retail Mortgage Lending Business 395

Housing Wire

FEBRUARY 7, 2023

The company has 39 active loan officers across its retail branches, according to Modex data. The distributed retailer’s volume slipped to $2.7 As the origination market has rapidly shifted to purchase and profitability has fallen sharply, we think more lenders could look to acquire mid-sized distributed retail business.

Retail 383

Retail Mortgage Loan Officers Technology 383

Housing Wire

MARCH 6, 2023

Guaranty Home Mortgage Corporation (GHMC) on Monday announced its expansion with three new licensed retail branches in Tennessee. In January, GHMC hired Andy Voyles as its executive vice president and director of retail lending. The new branches are located in Brentwood, Lebanon and Chattanooga.

Retail 395

Retail Mortgage Lending Technology 395

Housing Wire

NOVEMBER 10, 2022

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . We want to grow,” Casey Crawford , a former pro football player who founded distributed retail nonbank Movement in 2008, said in a statement to HousingWire.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

SEPTEMBER 29, 2022

Amid the most challenging mortgage market in decades, multichannel lender Finance of America (FoA) plans to sell its retail mortgage division and shut down its forward wholesale channel, multiple sources told HousingWire. . FoA originated $6 billion through the retail mortgage channel from January to June, down 50.7%

Retail 427

Retail Finance Home Improvement Business 427

Housing Wire

OCTOBER 7, 2022

Guaranteed Rate this week walked away from negotiations to acquire Finance of America ’s forward mortgage retail channel, which may result in FoA closing the division, sources with direct knowledge of the negotiations told HousingWire. FoA originated $6 billion through the retail mortgage channel from January to June, down 50.7%

Retail 395

Retail Finance Home Improvement Mortgage 395

Housing Wire

APRIL 25, 2022

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. “We’re excited to have him on board and look for positive developments with Jim at the helm of Flagstar’s distributed retail operation.”

Retail 382

Retail Lending Mortgage Real Estate 382

Housing Wire

JUNE 15, 2021

Non-QM lender Sprout Mortgage is setting up a distributed retail operation, and it’s picked a veteran of Wells Fargo to lead the new division. Sprout hired former Wells Fargo executive Michael Johnson to expand Sprout’s consumer and retail sales channel, the company said Tuesday.

Retail 383

Retail Mortgage Legal Lending 383

Housing Wire

MARCH 3, 2022

Meanwhile, Steve Runnels will hold the role of vice president of retail sales, east division. In his new role, Wright will be responsible for amplifying the growth of the company’s retail division. Meanwhile, lenders’ margins are under pressure, mainly in the retail channel. UHM’s origination volume increased 25.8%

Retail 370

Retail Mortgage Development Business 370

Housing Wire

MAY 23, 2023

announced on Tuesday the completion of an agreement for WFG to acquire certain branches of Doma’s West Coast local retail title operations. The deal includes multiple retail title locations and operations centers in the Northern and Central California regions. Williston Financial Group (WFG) and Doma Holdings, Inc.

Retail 370

Retail Insurance Real Estate Technology 370

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The transaction includes an acquisition of Angel Oak Home Loans’ brick-and-mortar retail offices and associated salesforce.”. Details of the deal were not disclosed. .

Retail 304

Retail Loan Officers Investors Lending 304

Appraisal Buzz

MAY 14, 2021

Weaker Retail Sales Casts Vote For Range-Holding Wednesday’s CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. The post Bonds Hold Their Ground After Weaker Retail Sales Data appeared first on Appraisal Buzz.

Retail 347

Retail Appraisal 347

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. InstaMortgage currently offers conventional, FHA and VA products in-house through its retail LOs and only brokers out a small portion of loans: jumbos and non-QM.

Retail 427

Retail Loan Officers Brokerage Technology 427

Housing Wire

AUGUST 17, 2021

He also provided details on “pricing adjustments” from Fannie Mae and Freddie Mac that have dinged some nonbank lenders of late, when top-performing retail LOs will make the switch to the broker channel, and why its competitors will suffer greatly once rates climb. This content is exclusively for HW+ members. Already a member?

Retail 370

Retail Mortgage Lending 370

Appraisal Buzz

JUNE 10, 2021

After experiencing strength in distributed retail originations, national lender adds 20-plus-year veteran to its team to lead its Distributed Retail Sales Division. The post Planet Home Lending Adds Caleb Mittelstet to Grow Retail Channels appeared first on theMReport.com.

Retail 284

Retail Lending Appraisal 284

Appraisal Buzz

MAY 18, 2021

Stephen Adamo has joined Embrace Home Loans as president, national retail production. The post Embrace Home Loans Hires Stephen Adamo as President of National Retail Production appeared first on Appraisal Buzz. Prior to joining Embrace, Adamo served as executive vice president, head of U.S.

Retail 370

Retail Lending Appraisal Mortgage 370

Inman

OCTOBER 16, 2023

is the latest iteration of the retail real estate investment solution designed to diversify and simplify buying into property debt. Groundfloor 3.0

Retail 172

Retail Investing Design Real Estate 172

Inman

SEPTEMBER 18, 2023

Dan Hanson, the former head of loanDepot's retail division, will develop "new revenue-generating opportunities" as the mortgage lender's executive director of enterprise partnerships and acquisitions.

Retail 176

Retail Development Mortgage 176

Appraisal Buzz

JUNE 15, 2021

Non-QM lender expands its consumer and retail channels with the addition of 20-plus year former Wells Fargo executive. The post Sprout Adds Michael Johnston to Grow Its Retail Presence appeared first on theMReport.com. The post Sprout Adds Michael Johnston to Grow Its Retail Presence appeared first on Appraisal Buzz.

Retail 195

Retail Appraisal 195

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Retail 414

Retail Mortgage Loan Officers Real Estate 414

Appraisal Buzz

AUGUST 16, 2021

The post Josh Lehr: Retail Lending vs. Direct: Leveraging Multiple Channels to Create Customers for Life appeared first on Appraisal Buzz.

Retail 370

Retail Lending Technology Mortgage 370

Housing Wire

AUGUST 7, 2020

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name. I mean we’re talking up to 30 years,” Nichols said.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Appraisal Buzz

NOVEMBER 29, 2021

New head of the company’s Retail Division brings two decades worth of experience to the role. The post AmeriSave Names Leif Boyd Chief Production Officer of Retail appeared first on theMReport.com. The post AmeriSave Names Leif Boyd Chief Production Officer of Retail appeared first on Appraisal Buzz.

Retail 150

Retail Appraisal 150

GoForrmz

MARCH 16, 2022

Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs. In order to save time and money, retail teams are switching to digital forms.

Retail 147

Retail Legal Business Technology 147

Housing Wire

APRIL 23, 2024

Part of the strategy, she said, is to remain focused predominantly on the retail side of the business. “We We decided going forward that we’re going to focus 100% on retail ,” she said. “We We look for like-minded companies that have the same culture, because culture and leadership are key.

Retail 417

Retail Mortgage Technology Development 417

GoForrmz

NOVEMBER 18, 2021

Digitize your retail checklists to improve daily operations and enhance the in-store experience for customers To ensure that your daily operations at your retail store are efficient and running smoothly, it is imperative that you have taken your paper checklists to digital.

Retail 145

Retail Inspection Inventory Business 145

Housing Wire

FEBRUARY 14, 2024

is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in an exclusive interview with HousingWire. The acquisition of Academy’s retail assets is scheduled to close by the end of February. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 417

Retail Mortgage Loan Officers Construction 417

BiggerPockets

JANUARY 22, 2024

Despite recent challenges in the commercial real estate space, one area has become surprisingly popular among institutional investors: retail. As demand for office space has declined, retail seems to have […]

Retail 82

Retail Investing Real Estate Investors 82

Housing Wire

FEBRUARY 26, 2024

OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez executives and have them join OneTrust, according to the suit filed Feb. 21 in the U.S.

Retail 417

Retail Legal Lending Business 417

Appraisal Buzz

SEPTEMBER 16, 2021

The post Healthy Mix of Refis and Purchases in July; Highest Rates in a Week as Retail Sales Surge appeared first on Appraisal Buzz. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans. The time to close a loan improved slightly.

Retail 195

Retail Technology Mortgage Appraisal 195