Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Magazine’s list of the 5,000 fastest growing companies in America in 2021.

Retail 382

Retail Loan Officers Brokerage Technology 382

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 373

Mortgage Loan Officers Retail Technology 373

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 441

Loan Officers Lending Mortgage Housing Market 441

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

Housing Market 398

Housing Market Marketing Contracts Finance 398

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” In fall of 2021, Chicago-based Interfirst laid off hundreds of employees. Origination volumes eclipsed $4.3

Mortgage 519

Mortgage Marketing Retail Lending 519

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. Much of this volume was securitized in the 68 deals that came to market in 2021. And investor guidelines are continually evolving.

Marketing 347

Marketing Investors Technology Loan Officers 347

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. and Sprout Mortgage.

Mortgage 392

Mortgage Loan Officers Finance Investors 392

Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. million loss at 2021’s three quarter mark. million net loss, according to the filing. HomeSmart posted a $7.1

Brokerage 407

Brokerage Agents Real Estate Loan Officers 407

Housing Wire

MARCH 1, 2022

News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest.

Real Estate 347

Real Estate Brokerage Real Estate Agent Technology 347

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 358

Marketing Retail Lending Mortgage 358

Housing Wire

NOVEMBER 29, 2021

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. The private label market share of U.S. billion, compared to $49.69

Loan Officers 435

Loan Officers Supply Chain Mortgage Marketing 435

Housing Wire

MARCH 30, 2022

By the end of 2021, the firm said it had invested in 20 proptech companies and its venture investments had produced $355 million in gains. The man spearheading these venture investments is Paul Hurst, who was promoted to chief innovation officer at First American earlier this month. BH: Can you share developments related to Endpoint?

Mortgage 353

Mortgage Real Estate Investing Technology 353

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 381

Lending Real Estate Agent Loan Officers Retail 381

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. The last two years have been good to Christian Dicker.

Housing Market 422

Housing Market Marketing Brokerage Real Estate 422

Housing Wire

DECEMBER 21, 2023

KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. Part of that was also having to completely reconsider how we looked at investors and how we look at sources of liquidity. SW: How are you developing products for the next wave of homebuyers?

Technology 348

Technology Investors Development Loan Officers 348

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 364

Finance Construction Law Inventory 364

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. They are risky for the lender and its investors. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Housing Wire

APRIL 13, 2022

In 2021, housing prices jumped by 19% – the biggest rise in a half-century, with the percentage of first-time homebuyers falling to its lowest level in decades (31%). Competition favors institutional investors and households with higher incomes and stellar credit. Incentivizing developers is necessary. in 2001 to 44.8%

Insurance 379

Insurance Construction Government Lending 379

Housing Wire

MARCH 29, 2022

And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec. Housing and Urban Development Secretary Marcia Fudge. Trustmark Bank , for example, settled charges of redlining in the Memphis area for $5 million with the DOJ, the CFPB and the OCC in 2021.

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Lending Government Law Mortgage 365