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New American Funding onboards top Chicago loan officer 

Housing Wire

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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Tane Cabe talks reverse mortgage industry challenges, software development

Housing Wire

“They’re a more forward-thinking broker, and there has been lots of activity with the HECM Tool, which is a software application that I developed. I started doing reverse mortgages in 2003, and started by originating both forward and reverse,” he said. But I have missed about 80% of it; 20% I might not miss.”

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NAF taps Mosi Gatling for newly created executive role

Housing Wire

Rebecca Anderson, senior vice president of strategic communications and public relations at loanDepot, wrote to HousingWire that the company “enjoys a long history of attracting and developing top-notch talent and “we thank Mosi for her many contributions to loanDepot and wish her the best in the next chapter of her career.”

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New American Funding eliminates hundreds of jobs

Housing Wire

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said.

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What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. In fact, if none of this happens, the best outcome will be the skills development of your teams, assuming you responded to this forecast in your own way.

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New American Funding cofounders talk expansion, prospects for 2023

Housing Wire

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. There are support staff that come along with them (loan officers).

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan?