Remove 2009 Remove Lending Remove Loan Officers Remove Technology
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What a 15-year market share high means for the broker industry

Housing Wire

in Q4 2023, the highest number we’ve seen since 2009. Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The broker model is not just surviving but thriving and will continue to gain market share in the lending landscape. The big question is, what caused this increase?

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Mortgage lenders American Portfolio and Town Square announce merger deal

Housing Wire

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 335
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Mortgage Coach, Polly team up amid a rapidly shrinking industry

Housing Wire

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

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Understanding the Role of an Appraisal Management Company

AmeriMac

One of the key regulatory changes was the implementation of the Home Valuation Code of Conduct (HVCC) in 2009. The HVCC laid the foundation for subsequent regulatory changes, including the incorporation of similar appraiser guidelines into the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act.

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How Many Mortgages Can I Get?

Assurance Financial

For example, in the great financial crisis of 2008 and 2009, there was a 120% increase in foreclosures from the previous years, and many second-position lenders didn’t get paid in foreclosures. You can access high loans with second mortgages: You can access high loan amounts at good rates with a second mortgage.