article thumbnail

One-third of real estate CEO comp is variable, up from 2016

Housing Wire

This is up considerably from 2016, when the last report was published. “A Regional sales managers, general sales managers and office sales managers have a much higher variable compensation — earning bonuses and benefits — than they did when RealTrends published this report in 2016. Breaking down the numbers. Higher base, lower bonus.

article thumbnail

Why the private-label market will chill in 2022

Housing Wire

Securitizations backed by jumbo loans and mortgages on residential investment properties have propelled a rebounding private-label market in 2021. Still, the balance of the year looks promising for the private-label market, according to MAXEX. The post Why the private-label market will chill in 2022 appeared first on HousingWire.

Marketing 363
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Lenders, tech firms hire executives to navigate down market

Housing Wire

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. for Planet Home Lending, will focus on increasing market share by adding branches and loan originators.

Marketing 368
article thumbnail

DOJ announces $9M settlement with Washington Trust Company in redlining case

Housing Wire

In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.

article thumbnail

Recruiting real estate agents: A complete roadmap for 2024

Housing Wire

The data are sobering: The Agent Movement Index , the number of experienced Realtors switching brokerages each month, was at its lowest level since 2016. The number of agents switching brokerages is ticking upward and markets are stabilizing across the country. Thankfully, 2024 is shaping up to be a much better year for recruiters.

article thumbnail

Interfirst to lay off 140 employees

Housing Wire

Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. But Interfirst struggled to maintain volumes in the following years as the market turned to purchase. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017.

article thumbnail

2020 HW Tech Trendsetter: Paul Akinmade

Housing Wire

Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative. Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge.