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Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. The post Loan officers made insane money in Q4 2020 appeared first on HousingWire.

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2020 HW Vanguard: Robert D’Urbano

Housing Wire

D’Urbano and his team have overseen the design, development and delivery of new technology solutions that have enabled Freedom Mortgage to double the originations volume year over year. The post 2020 HW Vanguard: Robert D’Urbano appeared first on HousingWire. The team now consists of 397 employees.

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2020 HW Vanguard: Tony Thompson

Housing Wire

He created a formal strategic partnership with the Mortgage Bankers Association to collaborate on certain conferences and meetings and to produce industry advocacy and research designed to further a diverse workforce, including recruitment and professional development scholarships.

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How record-low mortgage rates changed everything in 2020

Housing Wire

Mortgage rates would fall to record lows 16 times throughout 2020, with origination volume expected to eclipse $4 trillion. July also reported that thanks to low rates, the second quarter of 2020 experienced a 12-year high in homeownership. By the end of 2020, only Guild and Rocket actually entered the public markets.

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Proptech funding may see big dip in 2020

Housing Wire

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Earlier this month, FinLedger reported that proptech funding had declined by about 6% in the first half of 2020, according to a report from the U.S.

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2020 HW Tech Trendsetter: Paul Akinmade

Housing Wire

In his role, Akinmade is intimately involved with many of CMG Financial’s technical and consumer initiatives with hands-on involvement in designing the experience, managing development, training, marketing and ensuring a successful deployment. The post 2020 HW Tech Trendsetter: Paul Akinmade appeared first on HousingWire.

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How 2020 raised the stakes for the mortgage industry

Housing Wire

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. Among the advancements of the past four years, moving mortgage processing into the cloud is arguably what saved the mortgage industry from disaster in 2020.

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