Housing Wire

FEBRUARY 15, 2023

Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. He then transitioned to PHH Home Loans in 2001 for an in-house lending stint, a role he stayed in for about nine years.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Legal 466

Legal Law Open Houses Loan Officers 466

Housing Wire

JULY 12, 2021

Founded in 2015, Trussle has raised £26.7m The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. Since 2015, Trussle claims to have sourced over £2.7 since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

Brokerage 421

Brokerage Mortgage Loan Officers Finance 421

Housing Wire

MARCH 16, 2022

Founded in 2015, Maxwell uses artificial intelligence to accelerate the mortgage process for over 300 community lenders, banks, and credit unions. The company claims that they close loans 13 days faster and enable their loan officers to close around 15% more loans per month. Are digital closings really worth it?

Technology 384

Technology Real Estate Agent Loan Officers Lending 384

Housing Wire

JANUARY 19, 2023

The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans.

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

DECEMBER 16, 2021

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. “And

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. The case applies to sellers who paid a commission between 2015 and 2020 but could also apply to “current and future” sellers across 20 MLSs.

Agents 410

Agents Real Estate Agent Brokerage Real Estate 410

Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Since the entire marketplace is keeping an eye out on credit getting tighter, I will be watching the Senior Loan Officer Opinion Survey on Bank Lending Practices on Monday.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

NOVEMBER 2, 2022

When TRID requirements were introduced in 2015, title agents quickly realized that this was not a form change. A real estate agent or loan officer who can get an updated status on a pending file without having to play phone tag. Instead, it was a process change.

Business 397

Business Technology Human Resources HOA 397

Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. We also address how to handle scenarios where a party, such as a loan officer or listing agent, attempts to select or deselect the appraiser.

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. The largest settlement recorded , at $25 million, was with New Jersey-based Hudson City Savings Bank in 2015.).

Law 410

Law Loan Officers Lending Advertising 410

Housing Wire

MAY 1, 2023

The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns. According to Maxwell, the company’s suite of tools have resulted in a 20% increase in loans closed per loan officer.

Tools 397

Tools Loan Officers Mortgage Technology 397

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.

Mortgage 384

Mortgage Technology Loan Officers Investing 384

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? From 2015 to 2018, there were 5 significant fires. In September 2015, a fire destroyed nearly 2,000 buildings and killed at least four people. OK, so who exactly decided the value should be HIGHER than what the appraiser reported, before an appraisal was ordered?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

OCTOBER 7, 2020

Another important landmark in 2015 was the addition of WFG Board Member Steve Ozonian as president and CEO. MyHome will provide transparency to every participant in the real estate transaction – consumer, Realtor, lender, loan officer, processor and funder – through direct, immediate access. To 2021 and beyond.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

AUGUST 31, 2022

For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Still on the market for the same amount in 2015, the eye-popping property ranked as one of the most viewed homes on Realtor.com®. The regal real estate was first listed in 2014 for $45 million.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

JANUARY 12, 2024

I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. For example, to close their “deal” the borrower needs a bridge loan.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

PennyMac

JANUARY 16, 2022

Compared to 2015 , when it ranked fourth, Mexico is the most sought-after destination for Americans. If you’re ready to start enjoying the vacation home of your dreams, contact a Pennymac Loan Officer or apply online today. In our most recent April 2018 study , Mexico takes the cake when it comes to U.S.

Investing 36

Investing Property Taxes Real Estate Renovations 36

Appraisal Today

OCTOBER 14, 2022

The last one, in September 2015, destroyed nearly 2,000 structures. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. For many years, my brother lived in an area in Northern California with regular wildfires. The fires have definitely been getting worse.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. In 2015, the CFPB released guidance to MSAs since its investigation showed that lenders, appraisal management and title insurance companies used it to disguise kickbacks and referral fees.

Real Estate Agent 450

Real Estate Agent Loan Officers Real Estate Agents 450

Housing Wire

MARCH 29, 2022

Although half of Memphis’ census tracts are majority-minority, Trustmark did not assign a single mortgage loan officer to any of its branches in those areas, the federal government said. Federal government lawyers assailed Trustmark for redlining in Hispanic and Black neighborhoods. Who watches the watchmen?

Lending 370

Lending Government Law Mortgage 370

Housing Wire

FEBRUARY 7, 2022

In California’s Contra Costa County, where the median home listing price is now $749,000, a loan officer priced a loan for a potential borrower with less-than-perfect credit, who had found a listing for $650,000. Those borrowers would otherwise face steep loan-level price adjustments for conventional financing.

Insurance 370

Insurance Modernization Lending Mortgage 370