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How JVM Lending plans to expand without any loan originators

Housing Wire

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 361
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Housing sector dominates Inc. 5000

Housing Wire

Griffin Funding was the fastest housing sector grower in 2017. 1 asset next to our loyal client base. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. asks for verification of both the 2017 and the. 5000 map.”.

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Credit Plus integrates with LendingWise

Housing Wire

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Case Study: How One Lender Increased Efficiency and Client Satisfaction.

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Rocket Mortgage: UWM is trying to “manipulate” market

Housing Wire

In the announcement, UWM said that the decision came in response to Rocket Mortgage and Fairway participating in actions including soliciting loan officers away from brokers and working directly with real estate agents to cut brokers out of the entire process, a narrative that is far from new.

Mortgage 498
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

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. 375% below the market.”

Mortgage 339
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Compass is Guaranteed Rate’s latest dance partner

Housing Wire

OriginPoint will originate mortgages for clients of Compass’s real estate brokerage, as well as any other brokerage, making loans available to a broad consumer audience,” per the release. OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website.

Brokerage 293
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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017. How do the solutions work? Why do we need them?