Housing Wire

MARCH 22, 2024

The goal is for the client or the family to always retain an equity position in that property. […] Years ago, that wasn’t the case,” Resch said in the story, describing the housing crisis of 2008 as a “reckoning” for the reverse mortgage industry as well as the larger housing ecosystem.

Tools 439

Tools Mortgage Clients Investing 439

Appraisal Buzz

APRIL 29, 2024

Then came 2008: I suddenly found myself with a three-year old appraisal firm, a large office building full of furniture and equipment, several employees and trainees, and two young children—as the global economy imploded. The value of a good client was one of the foundational metrics driving our strategy.

Clients 195

Clients Business Appraisal Lending 195

Housing Wire

JUNE 20, 2023

Before that, Smith was the president and chief executive officer of CitiMortgage, a subsidiary of Citibank , where he navigated the financial downturn of 2008. His expertise is in building product breadth and pricing strategies for clients.

Business 330

Business Mortgage Retail Lending 330

Housing Wire

JANUARY 5, 2024

The Federal Reserve When your clients express concern about interest rates, they’re likely referring to the larger-scale changes with long-term effects that are tied to the Federal Reserve (“The Fed”) and its monetary policy. Become a trusted advisor : Position yourself as a knowledgeable resource for your clients.

Real Estate 425

Real Estate Agents Marketing Sellers 425

Housing Wire

JANUARY 21, 2021

Founded in 2008. #2. BoomTown clients dominate the Real Trends Top 250 year over year. Our lead generation, consumer websites, CRM, lead qualification services, and more, come in flexible packages that scale with your success. #1. Rated #1 CRM on G2 Crowd. #3. Get More Info.

Real Estate 307

Real Estate Tools Clients Technology 307

Housing Wire

AUGUST 2, 2023

The company has more than 2,000 clients, according to its website. MMI – established in 2008 and headquartered in Utah – provides tech solutions for mortgage and real estate professionals that allows buyers to search out and view properties on the Multiple Listing Service (MLS) through its MobilityRE app.

Real Estate 370

Real Estate Brokerage Tools Clients 370

Housing Wire

OCTOBER 4, 2023

Clients must retain a stake of at least 20% in their homes. Hence, Splitero Homes will primarily serve sellers of homes that are already clients of Splitero Funding , the home equity investment business. However, having lived through 2008 to 2012, Cantrell is leery about the notion that home prices always go up.

Brokerage 354

Brokerage Real Estate Investing Sellers 354

Housing Wire

SEPTEMBER 5, 2023

George is an accomplished leader with a proven track record of developing and executing successful public policy advocacy campaigns both on behalf of clients and during his time providing counsel to a broad range of leaders on Capitol Hill,” said Bill Killmer, MBA’s Chief Lobbyist and SVP of Legislative and Political Affairs. .

Law 334

Law Government Clients Development 334

Housing Wire

JULY 9, 2021

Founded in 2008. #2. BoomTown clients dominate the Real Trends – The Thousand year after year. Our lead generation, consumer websites, CRM, lead qualification services, and more, come in flexible packages that scale with your success. #1. Rated #1 Real Estate CRM on G2 Crowd. #3. Get More Info.

Real Estate 250

Real Estate Tools Clients Technology 250

Housing Wire

JUNE 6, 2023

” Founded in 2008, NPAS was the country’s first licensed appraisal management company (AMC). It has consistently ranked as the top choice for appraisers and clients, excelling in service, turn-time, and quality. It offers flexibility in the forms, allowing for the inclusion of additional addendums such as rent schedules.”

Appraisal 320

Appraisal Real Estate Valuation Technology 320

Housing Wire

MARCH 11, 2021

And let’s frame it in the context of today’s top wholesaler asking LOs to limit the options they have for consumer clients. This ultimatum comes after a few years supporting a narrative that tells broker LOs how certain wholesalers will steal LOs’ clients after the loan is funded. Brokers: win the crowd and you will win your freedom.

Loan Officers 460

Loan Officers Clients Mortgage Lending 460

Housing Wire

JUNE 10, 2022

Of course, the answer is about why this is not the same market — in any way — to post 2008. There are many reasons this isn’t like 2008: people are staying longer in their homes, aging in place and have more equity in their homes than 2008. HousingWire: What is the weirdest job you’ve ever had?

Sellers 381

Sellers Housing Market Inventory Buyers 381

Housing Wire

AUGUST 30, 2022

Rolling a VOA/IE option into the electronic signing experience within Solex provides our clients with a valuable opportunity to compress loan cycle times at a critical milestone in the lending process,” Emily Shapiro, president of Docutech, said in a prepared statement. .

Retail 371

Retail Lending Mortgage Clients 371

Housing Wire

MAY 6, 2024

During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view. If an agent wants to position themselves as the leader in this process, a good place to begin is to ask their clients what success looks like to them. Is it having a happy client who will be a great reference?

Real Estate Agent 302

Real Estate Agent Real Estate Project Management Agents 302

Housing Wire

JANUARY 18, 2023

The California-based lender plans to increase its client base in the bank and credit union segment where Wells Fargo was most active, Abbie Tidmore, senior managing director and chief revenue officer, at Pennymac told HousingWire. Kim: Pennymac aggregated loans from about 770 clients across the country as of the end of 2022.

Clients 377

Clients Investors Lending Mortgage 377

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008. That number will undoubtedly climb in the coming years.

Insurance 351

Insurance Housing Market Marketing Supply Chain 351

Housing Wire

OCTOBER 1, 2022

The National Association of Realtors Research Group has produced the index since 2008, at a time of turmoil in the real estate market. Another measure the housing market, is whether a Realtor had a client who had a distressed sale in the last month. In 2008, 49% of Realtors had a client with a distressed sale, today it is only 1%.

Realtors 382

Realtors Housing Market Marketing Buyers 382

Housing Wire

DECEMBER 3, 2021

Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. I never want to lose sight that I own the client and the experience. Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. My slowest years were the years leading up to 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

OCTOBER 18, 2022

In 2008, Broadley switched to risk, leading teams in QC and fraud. I am beyond excited to have Kristin join our growing team of industry trailblazers to help us continue to realize our vision of achieving true enterprise quality throughout the lifecycle of the loan in concert with our client partners.”

Clients 327

Clients Mortgage Marketing Real Estate 327

Housing Wire

JUNE 5, 2023

Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 349

Mortgage Retail Lending Loan Officers 349

Housing Wire

FEBRUARY 14, 2024

The banks had courted high-net-worth clients working in speculative tech and crypto startups in Silicon Valley, while also tying up a large portion of the banks’ assets in Treasury securities. The rapid collapse of four regional banks that began last March shocked regulators and investors alike.

Mortgage 378

Mortgage Real Estate Insurance Tenants 378

Housing Wire

JANUARY 13, 2022

“The facts of this case are clear, and demonstrate that our practices were compliant and that the refinance loans we provided benefited our West Virginia clients,” a Rocket spokesperson said. Federal reforms following the 2008 financial crisis sought to put a firewall between lenders and appraisers.

Appraisal 404

Appraisal Law Valuation Home Value 404

Housing Wire

APRIL 3, 2023

Ghamsari noted Blend’s clients want to incorporate features of soft credit pull and verified income for homebuyers that don’t require consumers to submit additional documents. Loan production expenses averaged $7,068 per loan from the third quarter of 2008 to the last quarter of 2022.

Investing 307

Investing Mortgage Technology Clients 307

Housing Wire

NOVEMBER 4, 2020

The complexities of serving borrowers under the CARES Act require lenders, servicers and investors to partner with a mortgage services provider who has the expertise and national network to provide high-touch support to its clients. Our clients have a moratorium on evictions, so we are not actively pursuing these opportunities.

Lending 286

Lending Clients Training Investors 286

Housing Wire

OCTOBER 21, 2022

2022 and 2023 will not mirror the conditions of 2008 and beyond. I’ll begin by saying I don’t know anyone who believes 2022 or 2023 will look like 2008 or that era. I have some very vivid memories from 2008 as the market changed. We adapted and survived in 2008 and the following years. But they won’t resemble 2020 either.

Marketing 244

Marketing Business Agents Investing 244

Housing Wire

AUGUST 8, 2022

Tornquist served the company for 35 years and became CEO in 2008. Chief Operating Officer Rob Lux was named co-CEO for operations, technology, business development, client management, human resources, and legal. Dave Applegate, a board member since 2020, has been named the company’s chairman.

Human Resources 328

Human Resources Legal Finance Insurance 328

Housing Wire

MARCH 9, 2022

The firm, founded in 2008, also provides document management services for closing, purchase, sale and securitization of residential and business-purpose mortgage loans. Edgemac’s clients span banks, investment banks, Trustees, investors, government entities and mortgage companies.

Property Taxes 270

Property Taxes Clients Mortgage Technology 270

Appraisal Buzz

MAY 17, 2021

In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. We provide a service that helps clients make informed decisions on how to proceed. Currently, there is an unprecedented amount of work available and clients are begging appraisers to take the work.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

MARCH 15, 2023

Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. It was the biggest bank failure since Washington Mutual collapsed in 2008. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said.

Mortgage 356

Mortgage Clients Retail Marketing 356

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 367

Lending Real Estate Agent Loan Officers Retail 367

Housing Wire

DECEMBER 3, 2020

“With the surge in mortgage production volume in the third quarter, net production profits among independent mortgage bankers increased, surpassing 200 basis points for the first time since the inception of MBA’s report in 2008,” said Marina Walsh, the trade organization’s vice president of industry analysis. billion sequentially.

Mortgage 306

Mortgage Valuation Clients Marketing 306

Housing Wire

MARCH 22, 2024

.” In addition to navigating rising insurance costs with buyers, agents said they have also had to field questions from past clients about the rising premiums, who often need help in finding ways to lower their costs. “We

Insurance 372

Insurance Inventory Marketing Real Estate 372

Housing Wire

DECEMBER 28, 2023

This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. Every single client scenario is different,” said Hunter Marckwardt, executive vice president of CrossCountry Mortgage. “[The So when I look at what’s deterring clients right now, is sticker shock,” Gastelum added.

Business 408

Business Mortgage Loan Officers Inventory 408

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well. “We

Technology 325

Technology Clients Business Investing 325

Cornerstone

MARCH 12, 2021

Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions. 4 smart answers to your clients’ top 4 questions.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

OCTOBER 26, 2020

Through a combination of deep knowledge, driven by a proprietary integrated technology platform and data-driven insights, Xome is able to anticipate the needs of its clients and more efficiently manage processes. This is a huge value for our clients when it is crunch time.”.

Clients 358

Clients Valuation Technology Inspection 358