Remove 2003 Remove Development Remove Mortgage Remove Training
article thumbnail

What MBA’s forecast means for mortgage originators

Housing Wire

history next to 2003. 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. The analysis may expose training needs for respective production teams. trillion, the second-largest origination year in U.S.

Mortgage 410
article thumbnail

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. billion in mortgages in 2021. billion in mortgages in 2021. from the first six months of 2021.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? increase in total labor productivity in the US from 2003 through 2022, largely through business process improvement and automation. In 2003, the typical underwriter achieved 115 closed loans per month.

article thumbnail

How to write a lead-winning, memorable real estate agent bio (+ examples)

Housing Wire

Growing up in Savannah, Georgia, as the daughter of a builder and developer, she learned the processes involved in new home construction from her dad. Carrie has lived and trained internationally in more than a dozen countries and from coast to coast. Real estate was a natural fit and Janet has represented several custom homebuilders.

article thumbnail

HUD outlines reverse mortgage wish list in budget proposal

Housing Wire

Department of Housing and Urban Development (HUD) are a few key priorities related to the Federal Housing Administration (FHA) and its Home Equity Conversion Mortgage (HECM) program. Of that total, $220 billion is estimated for standard forward mortgages and $17.9 federal government. HUD is requesting $2.5 billion is for HECM.”

Mortgage 360
article thumbnail

How a transparent marketplace provides a proven path to benefit homeowners

Housing Wire

Given this pre-foreclosure paradox, mortgage servicers and government policymakers are forced to walk a thin line: nudging distressed homeowners toward making a choice that’s in their best interest while also arming them with the knowledge and resources they need to be protected in the pre-foreclosure marketplace.

Buyers 396
article thumbnail

What role can mortgage brokers play in fair housing?

Housing Wire

The National Association of Mortgage Brokers inaugurated Kimber White as its new president during the virtual NAMB National 2020 conference. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years. HousingWire: What’s the biggest challenge for mortgage brokers right now?

Mortgage 450