Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process. Many loan officers who may not have in the past sought to engage with customers digitally.

Lending 326

Lending Technology Loan Officers Investors 326

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 326

Lending Loan Officers Business Investors 326

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 353

Mortgage Loan Officers Retail Technology 353

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. “The riches are in the niches.”

Lending 314

Lending Loan Officers Real Estate Mortgage 314

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers. and former U.S.

Mortgage 282

Mortgage Investors Investing Technology 282

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 351

Retail Loan Officers Brokerage Technology 351

Housing Wire

NOVEMBER 10, 2020

According to the memo, the company has now raised a total of $410 million, with investors in this round that included Activant Capital , Ally Financial , American Express Ventures , Ping An and 9Yards Capital. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

Valuation 370

Valuation Loan Officers Investors Finance 370

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. And investor guidelines are continually evolving.

Marketing 316

Marketing Investors Technology Loan Officers 316

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla. and Sprout Mortgage.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. There is also the matter of efficiency versus increased lending cost. Why partner with Newrez?

Lending 354

Lending Investing Loan Officers Design 354

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. In other cases, the loan officers didn’t trust the technology.

Technology 440

Technology Mortgage Investors Investing 440

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 Labor Department.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JUNE 4, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. The jumbo market for brokers is back in a huge way.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

Lending 350

Lending Government Law Mortgage 350

Housing Wire

OCTOBER 9, 2020

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said.

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. In an earnings call with investors, CEO Anthony Hsieh said loanDepot was “fishing from a lot more pond” than its biggest competitors – more diversified in its channel mix, able to generate tens of millions of top-of-funnel leads.

Mortgage 361

Mortgage Retail Finance Investors 361

Housing Wire

DECEMBER 31, 2021

Lenders will have to “manage expenses and improve customer service in a purchase market,” Tom Wind, executive vice president of consumer lending with U.S. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. Bank Home Mortgage , said at the MBA Annual convention.

Marketing 414

Marketing Law Government Mortgage 414

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. of GDP in 2020. Competition favors institutional investors and households with higher incomes and stellar credit. Committing non-bank lending institutions.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

JULY 13, 2021

OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. After a relatively slow start, Guaranteed Rate Affinity took off in 2020 – its equity earnings jumped to $126 million compared to $15 million a year earlier, according to Realogy’s public filings.

Brokerage 293

Brokerage Real Estate Agents Clients 293

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Only 20% reported year-over-year traffic growth, the lowest level since April 2020, at the start of the pandemic. I don’t think it’s a win for anyone on the lending side.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. Blend has attracted a bevy of investors who were impressed by its market position.

Mortgage 330

Mortgage Technology Loan Officers Investing 330

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “Our investors understand our history of growing in all markets. I don’t like that.

Investors 373

Investors Real Estate Agent Loan Officers Technology 373

Housing Wire

AUGUST 12, 2020

The company also was attracted to having a strategic investor such as Canapi, a $545 million fund which was co-founded by Gene Ludwig (founder of Promontory Financial Group ) and Chip Mahan ( Live Oak Bancshares CEO). Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added.

Investing 485

Investing Loan Officers Technology Development 485

Housing Wire

FEBRUARY 10, 2023

We’re in an area that’s 90% condo [business], so it’s harder for lenders that don’t know this market to lend here. Kim : What did you do differently from the refi boom years of 2020 and 2021? Kechian : Individual loan officers mostly, [and] no other teams besides mine. As a branch we did $1.5

Marketing 349

Marketing Inventory Loan Officers Buyers 349

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. a market with high-income homebuyers that has experienced soaring home prices since 2020. “Jumbo loans can’t be sold to Fannie Mae and Freddie Mac.

Insurance 315

Insurance Mortgage Clients Lending 315

Housing Wire

NOVEMBER 16, 2022

For the homebuilders he is representing, Hale said acquiring a mortgage-lending operation is a smart way to take advantage of “low-hanging fruit,” among other drivers for such an acquisition. loan officers] in pods.’”. The rest of those people are still looking for a house. “If They’re like, ‘Screw the company.

Buyers 398

Buyers Mortgage Sellers Investing 398

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. What do we need to rebuild?

Technology 317

Technology Investors Development Loan Officers 317

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. But far higher expenses than pre-2020 norms will remain. They are risky for the lender and its investors. baths, 7,455 sq.ft.,

Appraisal 67

Appraisal Contracts Mortgage Marketing 67