Housing Wire
DECEMBER 20, 2023
Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.
Housing Wire
OCTOBER 27, 2022
But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Banosian compared today’s opportunity for growth to 2008, saying that those who were “killing it” in and after 2008 are not the same people who were doing well before then. “If
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Housing Wire
JUNE 5, 2023
Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.
Housing Wire
MARCH 11, 2021
I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? And let’s frame it in the context of today’s top wholesaler asking LOs to limit the options they have for consumer clients. Most answer LOs because most industry market share is still LO-driven.
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. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.
Housing Wire
JUNE 1, 2023
Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.
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.
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