Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 345

Mortgage Loan Officers Retail Training 345

Housing Wire

AUGUST 3, 2021

Rocket Companies , parent of Rocket Mortgage , has its eyes on the solar energy industry, announcing this week that it will enter the green energy game by 2022. gigawatts (GWdc) of solar capacity in 2020, a joint study released earlier this year by the Solar Energy Industries Association and Wood Mackenzie said. thus far and counting.

Mortgage 402

Mortgage Clients Lending Technology 402

Housing Wire

APRIL 18, 2023

While a mortgage business’ battle against margin compression is seemingly endless, that fight is less noticeable in times of surging revenue. The decline in mortgage volume, along with increasing rates and uncertainty about the months ahead, have amounted to a scramble for revenue and a continual push to reduce expenses.

Mortgage 352

Mortgage Technology Business Investing 352

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. In 2017, after years of plummeting volumes, the company, led by CEO Dmitry Godin, decided to shutter its business, only to relaunch in 2020.

Mortgage 362

Mortgage Loan Officers Retail Technology 362

Housing Wire

DECEMBER 5, 2022

Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage , another direct-to-consumer retail mortgage lender which was founded in 2018. He also provided training to loan originators. Before his mortgage career, Covey competed with the U.S.

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Training Retail Mortgage Development 386

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. In the end, some $850,000 in claims had to be paid on defaulted government-backed mortgages insured by the Federal Housing Administration (FHA). The problem: They did not qualify for the loans.

Mortgage 382

Mortgage Marketing Finance Insurance 382

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. Mortgage executives project that number to remain steady or even tick up in the third quarter.

Mortgage 390

Mortgage Loan Officers Finance Investors 390

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020.

Mortgage 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. The recent spate of high-profile cybersecurity incidents kicked off with a data breach at nonbank mortgage lender and servicer Mr. Cooper.

Mortgage 396

Mortgage Insurance Tools Business 396

Housing Wire

JUNE 30, 2021

The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government. Freedom Mortgage’s experienced account executives have an average tenure of 8.5 1 VA, FHA and GNMA lender.”.

Mortgage 196

Mortgage Clients Training Government 196

Housing Wire

JUNE 21, 2021

With mortgage lenders’ volume slowly redefining a new normal, they’re able to turn their focus to maintenance through training and retaining staff, enhancing technology and measuring employee productivity. That’s where The Mortgage Collaborative (TMC), the mortgage industry’s only independent cooperative, comes in.

Mortgage 221

Mortgage Training Technology Business 221

Housing Wire

APRIL 26, 2022

Even the biggest mortgage players aren’t immune to the effects of higher rates and tight housing inventory. Rocket Companies , the parent of Rocket Mortgage and Amrock Title , said late Monday that it would be offering buyouts to 8% of its staff at its mortgage operations and title teams. Rocket Companies CEO Jay Farner.

Human Resources 370

Human Resources Lending Mortgage Training 370

Housing Wire

JULY 16, 2021

As Chief Operating Officer at First Guaranty Mortgage Corp , Sarah Gonzalez has modernized the FGMC brand, recruited top talent and implemented operational efficiencies that significantly reduce the cost per loan across all production channels. During her third year at FGMC, Gonzalez was recognized by HousingWire as a 2020 Vanguard.

Investing 355

Investing Training Development Modernization 355

Housing Wire

NOVEMBER 29, 2021

in October — and since we are days away from December, we can officially label the 2021 housing crash bears as even worse than the 2020 housing crash bears. ” One of the themes that I wanted to give to my readers is that housing data had surged toward the end of 2020, which created a high that couldn’t be sustained.

Inventory 529

Inventory Contracts Training Investors 529

Housing Wire

AUGUST 10, 2020

In its July 21, 2020, statement of charges, NYDFS alleged that First American Financial, one of the country’s largest title insurers, failed to properly respond to a security vulnerability on its website. Many mortgage lenders outsource the CISO function based on limited internal capabilities and capacity, as permitted by NYDFS regulations.

Training 370

Training Legal Mortgage Insurance 370

Housing Wire

NOVEMBER 2, 2023

If true, that would violate federal laws, including the Dodd-Frank Act , which requires minimum standards for all mortgage products. 30, 2020, and informed loanDepot that she needed to take an immediate leave of absence. ” It also claimed the company needed its “COO to step up” when the market was booming.

Contracts 350

Contracts Legal Retail Training 350

Housing Wire

JANUARY 21, 2022

The consent order states that between a three-year period – from February 2017 through February 2020 – the bank’s risk assessment, internal controls, and training led to various violations. Flagstar Bank originated almost $40 billion in mortgage loans from January to September 2021, an 11.4% according to Inside Mortgage Finance.

Insurance 318

Insurance Training Finance Mortgage 318

Housing Wire

DECEMBER 1, 2020

HousingWire recently spoke with Austin Niemiec, executive vice president of Rocket Pro TPO, about how the company plans to build off its recent rebrand and how its “We’ll figure it out” approach helped it continue to support broker partners throughout 2020. This has been the theme of 2020.

Training 440

Training Clients Business Tools 440

Housing Wire

MARCH 27, 2024

In comparison, at the end of Q4 2021, Real’s agent count was just 3,850 agents, a figure that already represented a 161% annual increase from Q4 2020. According to Srivatsaa, this means that trainings and resources brought in by one team leader or broker are available to all agents at the firm. and Canada.

Brokerage 454

Brokerage Agents Training Business 454

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 367

Loan Officers Technology Lending Tools 367

Housing Wire

MAY 18, 2021

Real estate and mortgage industry professionals are facing major challenges to meet the escalating demands of the housing market. It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve.

Mortgage 203

Mortgage Training Clients Development 203

Housing Wire

AUGUST 6, 2020

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Nancy Alley: We are at a turning point in the mortgage industry’s move to digital.

Mortgage 426

Mortgage Agents Investing Training 426

Housing Wire

APRIL 18, 2024

The loan repurchase trend that began to sting many mortgage originators in 2022 appears to finally be winding down, according to a recent report by Sterling Point Advisors and Augment Analytics. A&D Mortgage is one example of an originator that is committed to prefunding quality control reviews.

Investors 371

Investors Technology Mortgage Training 371

Housing Wire

JUNE 14, 2021

ICE Mortgage Technology will now deploy an “eVault” solution as part of its mortgage closing platform to ensure the secure storage of digital mortgages and notes, it announced late last week. Digital mortgage platform DocMagic Inc.

Technology 366

Technology Supply Chain Training Valuation 366

Housing Wire

JANUARY 4, 2023

Mortgage technology provider FormFree gives back to those in need in Northeast Georgia in a big way. The 2020 Heroes Golf Classic raised $30,000. FormFree hosted its third annual Heroes Golf Classic and raised nearly $55,000 for the American Red Cross. The donations will go toward disaster relief and hosting future blood drives.

Training 466

Training Technology Mortgage 466

Housing Wire

FEBRUARY 17, 2022

Fairway Independent Mortgage Corporation , Fairway Wholesale Lending and the American Warrior Initiative (AWI) wrapped up last year by granting 16 service dogs to 16 veterans in a timespan of less than one hour. In total, AWI funding granted 100 service dogs in 2021, a few seen in these photos, doubling the 50 given in 2020.

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Training Lending Clients Mortgage 300

Housing Wire

SEPTEMBER 2, 2020

Cooper , a nonbank mortgage lender and servicer, announced on Wednesday the company plans to hire an additional 2,000 mortgage professionals and support staff by the end of 2020. The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors.

Training 363

Training Loan Officers Development Mortgage 363

Housing Wire

JANUARY 9, 2024

Such funding will also directly support the work of housing counseling offering required Home Equity Conversion Mortgage (HECM) sessions. That round of funding included a specific provision to use a portion of the funds to train new HECM counselors. HUD awarded $51.4 HUD awarded $51.4

Design 357

Design Mortgage Home Improvement Training 357

Housing Wire

MAY 26, 2023

New York State’s Department of Financial Services (DFS) announced this week that mortgage lender and servicer OneMain Financial will pay a $4.25 The consent order also details that OneMain was cooperative throughout the process, and recognized its efforts to “remediate shortcomings” identified by DFS in its investigation.

Development 330

Development Training Lending Finance 330

Housing Wire

OCTOBER 25, 2023

Since peaking at $5,535 in Q3 2020, thanks to historically high production volume, the per-loan, pre-tax net production income for independent mortgage bankers (IMBs) has been falling. The most recent report from the Mortgage Bankers Association (MBA) shows that IMBs lost an average of $534 per loan in Q2 2023.

Tools 366

Tools Technology Training Mortgage 366

Housing Wire

MARCH 31, 2021

Last year’s record-low mortgage rates dipped as low as 2.65% on 30-year fixed-rate loans and ignited an origination boom that had lenders scrambling to manage the high demand. Outsourcing the mortgage origination cycle can streamline lenders’ processes without sacrificing the borrowers’ experience. Outsourcing offers many benefits.

Marketing 377

Marketing Clients Training Technology 377

Housing Wire

MARCH 5, 2021

When the COVID-19 pandemic hit in 2020, the industry’s workforce shrank even further. To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes. “So, trainees go out into the field with little training and the mentors don’t even break even. .

Appraisal 427

Appraisal Valuation Training Technology 427

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Federal regulations mandate that nonbank LOs take training prior to being certified.

Training 346

Training Loan Officers Lending Mortgage 346

Housing Wire

NOVEMBER 17, 2022

After two years of negotiations, California-based Carrington Mortgage Services has agreed to pay a $5.25 “Carrington Mortgage unlawfully withheld legally mandated pandemic protections, wrongly imposed fees, and reported false information to credit reporting companies,” the CFPB’s director Rohit Chopra said in a statement.

Legal 312

Legal Training Tools Mortgage 312

Housing Wire

AUGUST 7, 2020

housing market began an encouraging rebound in June after COVID-19 interrupted 2020’s promising start,” Adam Contos, RE/MAX Holdings chief executive officer said in a statement. RE/MAX’s Motto Mortgage recorded its franchises increased 29.6%, to 127 operating offices. “The U.S. Keller Wiliams.

Brokerage 383

Brokerage Training Agents Technology 383

Housing Wire

NOVEMBER 7, 2022

The mortgage market slowdown is unfortunately affecting our entire industry,” Rick Arvielo, CEO of New American Funding, told HousingWire in a statement. “It Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages.

Training 269

Training Mortgage Government Finance 269

Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. up from March’s projection at 3.3%; core PCE inflation at 3.9%

Mortgage 339

Mortgage Inventory Retail Housing Market 339