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. A top originator this year may become a challenge as the market shifts if they are heavily weighted in refinance. Conclusions ?

Mortgage 483
article thumbnail

New American Funding, no longer in growth mode, lays off 240

Housing Wire

The mortgage market slowdown is unfortunately affecting our entire industry,” Rick Arvielo, CEO of New American Funding, told HousingWire in a statement. “It Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages.

Training 284
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

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. Rob Peterson: Most segments of the economy have effectively adopted technology to reduce their costs. Louis computes a 34.7%

article thumbnail

Lamacchia Realty Opens in Fall River and Enters Bristol County Market

Lamacchia Realty

Right Choice Real Estate has been a dominating force in the Bristol County market for decades. They are experts in the local market and made a name for themselves through providing excellent service. It will also expand Lamacchia’s reach in the Rhode Island market. Billion in real estate, with over 500 Agents.

Realty 69
article thumbnail

Cardinals of a different feather: Inside Samson Properties’ unique model

Housing Wire

“I don’t have any headline-worthy goals like 20% in 20 major markets,” Samson said about future plans. He is alluding to Compass CEO Robert Reffkin, who failed to deliver on a stated goal to have 20% market share in 20 major American markets by 2020. Disruptors and iBuyers are never going to get more than a little market share.

Brokerage 370
article thumbnail

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

Housing Wire

And while that may be true, well-crafted real estate agent bios can build trust and credibility and serve as a powerful tool in an agent’s marketing arsenal — giving prospective clients. Jane Doe specializes in luxury markets.” Carrie has lived and trained internationally in more than a dozen countries and from coast to coast.

article thumbnail

Jim Major Named 2022 GBAR REALTOR of the Year

Lamacchia Realty

Beginning his real estate career in 2003, Jim has an immense amount of knowledge and experience of the local market and is continuously on the cutting edge of market trends to best serve his clients. The Boston Globe Features Jim Major in an Article on the Spring Market in the Greater Boston Area. October 16, 2020.