Housing Wire

FEBRUARY 5, 2024

Seely joined Guild in 2021 when the California-based lender paid $196.7 RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. Following the M&A transaction , Seely signed a five-year employment agreement with Guild in May 2021. In 2020, it originated $8.5

Retail 414

Retail Contracts Loan Officers Mortgage 414

Housing Wire

JULY 27, 2022

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. It must also contract with a lender to administer $18.4

Loan Officers 395

Loan Officers Mortgage Law Contracts 395

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.” Mortgage-origination volume between 2021 and yearend 2023, however, is projected to drop 63% — from $4.44 trillion to $1.64

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

Housing Wire

OCTOBER 22, 2020

It’s worth looking inside the numbers though as we head toward year-end and think about 2021 strategies. 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb.

Mortgage 451

Mortgage Training Contracts Loan Officers 451

Housing Wire

JUNE 29, 2023

The poaching lawsuit, filed on June 22 at a federal district court in Delaware, states that South Carolina-based Movement recruited and hired its employees in late 2021 and early 2022 to take trade secrets and confidential information. A Movement representative did not return a request for comments.

Retail 411

Retail Contracts Legal Business 411

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. through the rest of 2022. Home prices also grew, although at a slower pace.

Housing Market 304

Housing Market Marketing Loan Officers Buyers 304

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 369

Mortgage Loan Officers Retail Training 369

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. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite.

Lending 394

Lending Real Estate Agent Loan Officers Retail 394

Housing Wire

FEBRUARY 4, 2022

” In March 2021, UWM CEO Mat Ishbia announced on Facebook Live that mortgage brokers who did business with Rocket Mortgage or Fairway Independent Mortgage could not also send loans to UWM as of March 15. . “What we found was a couple had like two loans or four loans,” he said.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

FEBRUARY 3, 2022

Analysts at Cider Knoll Holdings , an equity research firm specializing in nonbank mortgage originators, project earnings per share for 10 nonbank mortgage companies to contract 30% in the fourth quarter, compared to the previous quarter. The pessimism about nonbank mortgage lenders reflects market conditions.

Mortgage 383

Mortgage Retail Finance Investors 383

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. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. I don’t like that.

Investors 395

Investors Real Estate Agent Loan Officers Technology 395

Housing Wire

JUNE 2, 2023

Ishbia: Game On, as I talked about before, was an investment in the broker community to help more loan officers join the broker community and it helped the brokers who needed more loans in the toughest time in the market, which was the fourth quarter. What is your pricing strategy looking ahead? That will show success.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Eppraisal

APRIL 20, 2021

According to a homebuyinginstitute.com article, in February of 2021, there were fewer home for sale than in February 2020. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability. Real estate is often a second career.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

APRIL 21, 2022

But Carrie Gusmus , President and CEO of Aslan Home Lending Corporation, has a more positive outlook despite the current headwinds. Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. What are you waiting for?

Mortgage 383

Mortgage Contracts Technology Lending 383

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 It is also unclear in the BLS data how mortgage loan servicing personnel are categorized.

Lending 383

Lending Mortgage Real Estate Loan Officers 383

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. HousingWire: What do lending executives need to understand when it comes to supporting top producers? 1 LO in the U.S.

Real Estate Agent 316

Real Estate Agent Mortgage Real Estate Training 316

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 370

Mortgage Marketing Buyers Lending 370

Housing Wire

DECEMBER 31, 2021

Refinancing’s represented nearly two-thirds of mortgage loan originations in the first three quarters of 2021, and total refi volume for the year was projected to reach north of $2.2 One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers.

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Marketing Law Government Mortgage 427

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. Click here Private money lending – no AMCs, UAD, computer “reviews”, low fees, etc Many appraisers don’t want to do non-lender work such as divorces.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Housing Wire

AUGUST 22, 2022

As millions of homeowners did during the pandemic, Connolly and Mott applied to refinance their existing mortgage debt in mid-2021 at loanDepot to take advantage of the historic low interest rates. loanDepot contracted 20/20 Valuations and after the appraisal, the lender said it would not extend the loan.

Appraisal 370

Appraisal Loan Officers Valuation Finance 370