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How loan officers are dealing with surging rates and record-low inventory 

Housing Wire

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. The year] 2020 and 2021 was all about how quickly a lender could execute. of loans in October, according to the MBA.

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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The past year has exposed a need for richer collaboration tools and better data that bring consumers, agents and loan officers together in one system to minimize work and increase transparency for everyone involved.

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2020 HW Tech Trendsetter: Paul Anastos

Housing Wire

Backed by a team of innovative mortgage and technology professionals, Anastos leads this company as it develops transformational tools, arming the housing industry with leading-edge technology solutions for loan officers, real estate agents and borrowers.

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RESPA enforcement is back — are you ready?

Housing Wire

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

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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Pricing exceptions are widespread in mortgage — and so are the regulatory risks

Housing Wire

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

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WFG reports its highest volume months ever during Q2 and Q3 of 2020

Housing Wire

Stone and Ozonian have both been repeatedly honored for their leadership, as Progress in Lending “Lending Luminaries” in 2019, as well as HousingWire Vanguard Award recipients in 2019 for Stone and 2020 for Ozonian. Stone also received October Research’s “Leadership Award” in September 2020.

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