Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 445

Loan Officers Human Resources Contracts Mortgage 445

Housing Wire

DECEMBER 1, 2020

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. The post 2020 HW Tech Trendsetter: Paul Akinmade appeared first on HousingWire.

Loan Officers 217

Loan Officers Retail Training Design 217

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

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Real Estate Agent Real Estate Agents Loan Officers 357

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 422

Loan Officers Tools Business Clients 422

Housing Wire

OCTOBER 13, 2023

According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. Sources said that acquiring Fairway would be a way for CrossCountry to add loan officers at different branches across the country.

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Loan Officers Mortgage Finance Business 469

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). Remote working has become reality thanks both to improved technology and the mass proof of concept exercise many large firms were forced to undertake in 2020 and 2021, whether they wanted to or not.

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Loan Officers Technology Lending Tools 406

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 437

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.

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Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

SEPTEMBER 15, 2023

Gifoli served as a loan officer from May 2021 to October 2021. Guaranteed Rate Affinity was among the scores of mortgage lenders that offered six- and seven-figure signing bonuses to executives and loan officers during the refi boom of 2020 and 2021. He declined to comment on the lawsuit.

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Loan Officers Legal Real Estate Lending 406

Housing Wire

FEBRUARY 15, 2024

Mortgage Solutions is a nondelegated correspondent lender with five branches nationwide and 138 licensed loan officers, according to the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Mortgage Solutions entered UWM’s wholesale broker agreement in January 2012. as of December 1, 2023.

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Mortgage Legal Advertising Loan Officers 361

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. The percentage represents the highest increase since July 2020, when Redfin started tracking this data. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. .

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Sellers Mortgage Loan Officers Buyers 525

Housing Wire

DECEMBER 9, 2020

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. Its low point over the last five years was 67%, in the first quarter of 2020. But with origination volume expected to exceed $3.4

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Loan Officers Mortgage Finance Business 505

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Tennessee-based community bank Patriot Bank agreed to pay $1.9

Loan Officers 445

Loan Officers Lending Advertising Home Improvement 445

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. . When will the market turn? .

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Loan Officers Investors Mortgage Clients 395

Housing Wire

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

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Retail Loan Officers Best Value Business 383

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Like virtually all residential mortgage lenders, Chicago-based Guaranteed Rate had its best-ever year in 2020, originating about $73 billion in mortgages. It grew nearly 100% in 2020.

Loan Officers 417

Loan Officers Retail Technology Mortgage 417

Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). On August 14, 2020, the Minnesota Real Estate Journal held the 13th Annual Capital Markets Summit at the Radisson Blue Mall of America Hotel.

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Lending Construction Tenants Real Estate 148

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 454

Loan Officers Mortgage Business Retail 454

Housing Wire

JANUARY 25, 2024

Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president. Before that, Haddad spent about six years at Quicken Loans , starting as a senior mortgage banker in 2013 and ascending to regional vice president.

Retail 416

Retail Lending Loan Officers Brokerage 416

Housing Wire

OCTOBER 10, 2023

For example, managers allegedly asked loan officers to select non-Hispanic white options regardless of whether that was accurate or not. However, the CFPB said it found 51 errors in an initial review of 159 files in Freedom’s 2020 submission and asked the company to correct these inaccuracies. Freedom had to pay a $1.75

Brokerage 395

Brokerage Realty Real Estate Loan Officers 395

Housing Wire

SEPTEMBER 27, 2022

It rebranded in summer of 2020. According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. The vast majority of loans – more than 80% – are originated by Rocket Mortgage , the data shows. How brokers can reach more and new borrowers with non-QM.

Brokerage 370

Brokerage Lending Loan Officers Technology 370

Housing Wire

SEPTEMBER 24, 2022

Pink slips were issued to workers in the learning and development team, developers and support staffers in the IT department, as well as loan officers, multiple current and former employees told HousingWire. Caliber did not respond to requests for comment. Flávia Furlan Nunes contributed reporting.

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Loan Officers Development Mortgage Finance 407

Housing Wire

JANUARY 4, 2023

The lender and the recruiter had a formal agreement until June 12, 2020, with a non-solicitation clause prohibiting CAVU from hiring or attempting to hire its employees away from the company. It has 994 active loan officers, 38 branches and licenses to operate in 23 states. The company has licenses in 18 states. .

Loan Officers 454

Loan Officers Contracts Mortgage Legal 454

Housing Wire

APRIL 14, 2021

economy in March 2020, mortgage lenders had to be nimble in a variety of areas. Prior to integrating FactCheck, the lender used an Excel spreadsheet that the underwriter and or loan officer would have to key information into. Citizens fully implemented FactCheck on September 1, 2020. When COVID-19 first rocked the U.S.

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Lending Loan Officers Mortgage Business 284

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year.

Mortgage 395

Mortgage Loan Officers Retail Training 395

Housing Wire

JULY 27, 2022

million consent order, stemming from a referral the CFPB made in November 2020. a subsidiary of Warren Buffet’s Berkshire Hathaway , discriminated in its marketing outreach, failed to hire minority loan officers, avoided making loans or locating offices in minority areas and sent racist internal emails.

Loan Officers 395

Loan Officers Mortgage Law Contracts 395

Housing Wire

JANUARY 6, 2021

It’s been well documented how spectacularly mortgage rates fell in 2020, and it’s not a stretch to think they might hover around 2% all year. This also means that, similar to 2020, mortgage refinance rates should remain highly competitive – allowing homeowners to potentially save a ton of money on their mortgage payments.

Mortgage 523

Mortgage Loan Officers Real Estate Agent Realty 523

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.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” trillion to $1.64

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

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 294

Loan Officers Brokerage Retail Clients 294

Housing Wire

AUGUST 31, 2020

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Loan Officers 379

Loan Officers Development Real Estate Technology 379

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. When a major lender acquired the company’s assets in 2014, Yeager was named divisional vice president, managing 2,200 employees, including 900 loan officers in 15 states.

Loan Officers 368

Loan Officers Retail Lending Investing 368

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. compared to last year and 26.5%

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Supply Chain Mortgage Inventory Loan Officers 509

Housing Wire

AUGUST 22, 2022

Kudos to the Loan Officers who have found a way to transition from the refinance boom of 2020 — 2021 and into the purchase market of 2022. To the Loan Officers still standing – I salute you. To the Loan Officers that are trying to find ways to dust themselves off – I support you.

Loan Officers 370

Loan Officers Lending Marketing Real Estate 370

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 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MARCH 24, 2022

Loan officers on Thursday told HousingWire that rate locks on 30-year fixed-rate mortgages were coming in around 4.75%, about 30 basis points higher than what Freddie Mac’s weekly PMMS report found. in December 2020 to 1.14 The report also shows that mortgage payments for home purchases have increased relative to rents.

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Loan Officers Mortgage Housing Market Marketing 509

Housing Wire

JUNE 15, 2021

billion in loans during the first quarter of 2021, good for 42nd nationwide in production volume. In 2020, Cornerstone originated roughly $16.4 Cornerstone has roughly 300 mortgage loan officers and does in-house processing and underwriting. No mortgage data was available for 2020. It funded $4.2

Lending 437

Lending Loan Officers Mortgage Government 437

Housing Wire

MAY 26, 2021

The percentage of purchase mortgages increased to 43% of total closed loans. That’s the highest share since August 2020, and up sequentially from 36% in March. The average interest rate for all loans was 3.22% in April, the report found — up from 2.99% in March. Purchase mortgages on average took 49 days to close in April.

Mortgage 446

Mortgage Technology Loan Officers Tools 446