Housing Wire
OCTOBER 22, 2020
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. But training and trainers must have content. Conclusions ?
Housing Wire
AUGUST 3, 2022
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 the first six months of 2022, down 42.7%
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Housing Wire
NOVEMBER 7, 2022
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.
Housing Wire
JULY 28, 2022
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.
Housing Wire
JANUARY 10, 2024
Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In November, the source added that CCM originated about 340 units and $112 million in mortgage volume in the state. billion in loans in 2023.
Housing Wire
APRIL 12, 2022
Samson is so agent-centric, in fact, that its agents receive a 100% commission split and services like training, office desks, and help with marketing. Donny Samson was the company’s 25 th agent when he joined the family business in 2003, he said. What my dad had was a passion for recruiting.”.
Housing Wire
MARCH 12, 2024
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 Within the congressional justifications for the U.S.
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