Housing Wire

JUNE 5, 2023

Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities. Consumers get a lower rate , lower fees and an exceptional client experience when they work with an independent mortgage broker. HW: How is broker market share trending?

Mortgage 346

Mortgage Retail Lending Loan Officers 346

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 342

Mortgage Loan Officers Retail Training 342

Housing Wire

APRIL 20, 2021

Once again, Google grabbed headlines in March 2021 when they emphasized that the code would cease to exist across its platforms by 2022. Adding gas to the fire, Google acknowledged that they would not develop alternate identifiers to track individuals browsing the web or use them in their products. Client engagement is a struggle.

Real Estate 407

Real Estate Mortgage Loan Officers Advertising 407

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. A massive job cut. Those jobs started to become offshore starting February.”. Not much better.

Mortgage 360

Mortgage Loan Officers Lending Business 360

Housing Wire

AUGUST 7, 2020

Shoemaker predicted low rates will continue through 2021 but said that companies that are going to succeed after a shift to higher rates will be the ones that work on lower-cost platforms, have more flexibility from an execution standpoint, focus on purchase and have a willingness to build relationships with referral partners.

Retail 366

Retail Mortgage Loan Officers Marketing 366

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. trillion in 2021. trillion in 2022, while refinance origination will dip by 62% to $860 billion from $2.26

Marketing 385

Marketing Real Estate Agent Loan Officers Advertising 385

Housing Wire

MAY 19, 2022

Another panel participant, Shelly Griffin, senior vice president of client development at non-QM lender Deephaven Mortgage , added, “When I’m talking with loan officers, I get asked about ARMs a lot. There’s a lot of different reasons why someone falls outside the agency loans.

Loan Officers 445

Loan Officers Lending Mortgage Housing Market 445

Housing Wire

NOVEMBER 2, 2023

with 85% owned by individual investors and LLCs based on 2021 U.S. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. There are currently around 19.9 million rental properties in the U.S. Census Data. Deephaven is the teaching university of lenders!

Investors 382

Investors Real Estate Lending Loan Officers 382

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest. In 2016 LLR led a $26.5 No surprise here.

Real Estate 323

Real Estate Brokerage Real Estate Agent Technology 323

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. of all endorsements in 2021. Harlan Accola. We also enforce certain protocol for purchase transactions,” he says.

Business 332

Business Real Estate Agent Real Estate Loan Officers 332

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. billion in Q2 2022, a 7% increase compared to Q1 2022 and 56% compared to Q2 2021. In total, FoA funded $4.23

Mortgage 388

Mortgage Loan Officers Finance Investors 388

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 340

Marketing Retail Lending Mortgage 340

Housing Wire

MARCH 31, 2022

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. But, as we’ve noted, necessity is changing this.

Marketing 323

Marketing Investors Technology Loan Officers 323

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. I remember loan officers telling me that I needed to be “creative” with my appraisals. Who would have predicted the events of 2020-2021? Pretty cool! I kid you not! We’ll never know.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 366

Lending Real Estate Agent Loan Officers Retail 366

Housing Wire

SEPTEMBER 20, 2023

“This unique technology will help our clients reduce costs, which is especially important today as verification-related fees increased significantly in the past three years,” said Sofia Rossato, Floify’s president and general manager. in an $87 million deal in 2021.

Technology 351

Technology Real Estate Agent Loan Officers Clients 351

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Housing Wire

APRIL 21, 2022

Gusmus was selected as a 2021 Women of Influence , which recognizes the outstanding efforts of women in the industry who are driving the housing economy forward. The future of digital mortgage isn’t removing the mortgage expert and clients helping themselves. The industry proves time and again too complex for that model.

Mortgage 369

Mortgage Contracts Technology Lending 369

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. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. But the boom times are over, and he knows it.

Housing Market 409

Housing Market Marketing Brokerage Real Estate 409

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. To 2021 and beyond.

Insurance 368

Insurance Real Estate Technology Loan Officers 368

Housing Wire

DECEMBER 15, 2021

as of 2020 — the highest level since 2006, according to the State of the Nation’s Housing 2021 report from the Harvard Joint Center for Housing Studies. It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers.

Finance 341

Finance Construction Law Inventory 341

Cleveland Appraisal Blog

MARCH 30, 2021

My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. However, they are stuck in the middle, trying to please their clients, and at the same time navigate multiple bids and everything that goes with that. 2021 is off to a wild start. Good agents know this.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. But that popularity did not translate into a sale, and the stately dwelling returned to the market more recently in 2021 for $35 million. And now, the chateau is again up for grabs.

Appraisal 80

Appraisal Contracts Business Construction 80

Appraisal Today

JANUARY 12, 2024

5 The time period covered, the third quarter of 2018 through the fourth quarter of 2021, includes all the UAD data available to FHFA when the analysis began. I always made them and never had any complaints from my lender clients. For example, to close their “deal” the borrower needs a bridge loan. Custom home on 8.86

Appraisal 67

Appraisal Contracts Mortgage Marketing 67