Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. billion in profit in 2020 and $6.1 billion in profit in 2020 and $6.1 Its parent Rocket Companies rode the wave to a stunning $9.4 billion in 2021. billion in 2021.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. trillion or $1.7

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loan Officers 458

Loan Officers Mortgage Business Retail 458

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. Comparing Q2 vs Q3 2020, FundingShield found a 30% increase in fraud/risk exposure in CPL errors and issues.

Mortgage 397

Mortgage Loan Officers Brokerage Clients 397

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. He finished 2020 with $1.7

Loan Officers 295

Loan Officers Brokerage Retail Clients 295

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS.

Tenants 376

Tenants Loan Officers Finance Clients 376

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% compared to March 2020, according to Realtor.com economist Danielle Hale. compared to 2020 at the onset of the pandemic, even though demand remains high. But this is no normal market.

Supply Chain 512

Supply Chain Mortgage Inventory Loan Officers 512

Housing Wire

APRIL 16, 2024

To get a better idea of the dynamics driving this data, RMD spoke with Jon McCue, RMI’s director of client relations, for additional perspective and a breakdown of why business moved this way. It’s because of the hard work of all the professionals in this space working very hard to help their clients.”

Retail 381

Retail Mortgage Business Loan Officers 381

Housing Wire

DECEMBER 16, 2021

“Market dynamics in early 2020, which have caused significant disruption to the origination and servicing markets, accelerated our plan to reenter the market with our new business model in a more robust way with a broader relaunch of the Company,” Mark Freedle, Interfirst’s executive vice president of production, told MReport in July 2020.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

AUGUST 7, 2023

Rocket has been on a local loan officer hiring spree, an initiative that the company has accelerated this year with refis drying up. While more than 80% of Rocket’s volume in 2020 and 2021 came from refinancings, the lender is making progress in its transition from refi to purchase, according to data from Inside Mortgage Finance (IMF).

Advertising 366

Advertising Clients Loan Officers Finance 366

Housing Wire

SEPTEMBER 17, 2020

1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013. .

Loan Officers 450

Loan Officers Clients Business Marketing 450

Housing Wire

JUNE 5, 2023

Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities. Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. HW: How is broker market share trending?

Mortgage 369

Mortgage Retail Lending Loan Officers 369

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” These are the folks who are buying right now, and I you know because some of them are my clients.” trillion to $1.64

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. trillion in 2020 and then $4.4 compared to 2020. Origination volumes eclipsed $4.3 in the broker channel.

Mortgage 522

Mortgage Marketing Retail Lending 522

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 Scalone recently wrote a policy for clients buying a home in Claremont, the Serra Mesa area of San Diego, which he described as a “pretty urban environment.” “A

Insurance 370

Insurance Housing Market Marketing Supply Chain 370

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers.

Retail 416

Retail Contracts Loan Officers Mortgage 416

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. Moder, founded in December 2020, has a presence in India and the Philippines and plans on opening an operation center in Central America this year, according to its website.

Mortgage 504

Mortgage Loan Officers Clients Investing 504

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. million units in 2019, 12 million units 2020, and 9.2 Or are they?

Loan Officers 479

Loan Officers Clients Mortgage Lending 479

Housing Wire

JUNE 2, 2022

CrossCountry alleges that San Diego-based Guild Mortgage offered Mirajoy Casimiro, former branch manager and loan originator at CrossCountry, a lucrative employment package and persuaded her to take “massive amounts” of confidential business and client information in the period spanning between mid- 2020 and January 2021.

Loan Officers 390

Loan Officers Retail Legal Clients 390

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Wax said about 50 to 60% of his clients are first-time homebuyers. of loans in October, according to the MBA.

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Valuation 352

Valuation Real Estate Agent Real Estate Clients 352

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. In short, their AI platform, which is built on aggregated loan data from its network, allows loan officers, processors and underwriters to offload manual, arduous tasks. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending.

Mortgage 418

Mortgage Lending Technology Loan Officers 418

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This year, our teams have helped our clients keep pace with record volume.

Clients 388

Clients Technology Insurance Loan Officers 388

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The company has 1,810 loan officers and 482 branches, Modex data shows. . In total, the company has 15 clients.

Loan Officers 384

Loan Officers Retail Business Mortgage 384

Housing Wire

DECEMBER 27, 2022

With a huge increase in remote work and his core group of clients buying homes across the country – whether it be vacation homes, more affordable areas, or for new work opportunities – Banosian was at risk of losing clients when they went to states his team wasn’t operating in. “As Or will soon.

Housing Market 525

Housing Market Marketing Real Estate Agent Real Estate 525

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

Housing Wire

JANUARY 14, 2022

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If With the three companies combined, over 1,000 employees have received pink slips. “I

Lending 387

Lending Loan Officers Real Estate Mortgage 387

Housing Wire

FEBRUARY 9, 2021

HW: What are you taking away from 2020 and applying to new processes in 2021? TH: In 2020 we confirmed that non-QM is here to stay due to demand and need for the products. I like to say that non-QM passed the stress test of 2020! HW: How does vertical integration benefit a loan officer? How has that been going?

Lending 400

Lending Loan Officers Business Investors 400

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 trillion in 2022 and $2.3

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

JULY 13, 2021

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 295

Brokerage Real Estate Agents Clients 295

Housing Wire

JULY 16, 2021

By both companies’ admission, a major key to Success’s success will be hiring loan officers. Kind Lending started in April 2020 with a focus on wholesale lending, after Stearns spent over two decades running his namesake mortgage firm, Stearns Lending. Presented by: SimpleNexus.

Mortgage 409

Mortgage Lending Brokerage Agents 409

Appraisal Buzz

MAY 17, 2021

Although 2020-21 is not the same as the run-up before the housing crash, there are some similarities with what appraiser’s face that bears addressing and reiterating. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

NOVEMBER 2, 2020

With highly advanced software solutions for originations, servicing and secondary marketing, Black Knight helps its clients drive financial growth, improve customer retention, increase operational efficiency and reduce risk. Added Value to Clients. Business Lines, Services and Products. Originations. Secondary Marketing.

Lending 409

Lending Valuation Clients Tools 409

Housing Wire

APRIL 13, 2021

1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

FEBRUARY 10, 2023

But of course, we have a lot of clients that move out of condos once they have kids and get married. Kim : What did you do differently from the refi boom years of 2020 and 2021? We feel like we picked up more market share in 2022 and made more connections, working with so many more teams than we did in 2019, 2020 and 2021.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 376

Real Estate Brokerage Real Estate Agent Technology 376