Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . The company was first established in the New England region in Rhode Island.

Brokerage 479

Brokerage Mortgage Loan Officers Real Estate Agent 479

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. million in seed funding, led by SignalFire in December 2021 to develop the mobile app. Quo raised $7.2

Finance 325

Finance Real Estate Agent Loan Officers Legal 325

Housing Wire

FEBRUARY 6, 2024

The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Advertising 386

Advertising Lending Loan Officers Law 386

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. billion in 2021. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 360

Loan Officers Retail Real Estate Agent Real Estate 360

Housing Wire

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

Retail 384

Retail Loan Officers Best Value Business 384

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Human Resources 408

Human Resources Mortgage Loan Officers Finance 408

Housing Wire

JANUARY 19, 2023

The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. He was in charge of growing the mortgage banking platform and focusing on branch development within the middle Tennessee area. million in 2021, origination volume dropped by more than 53.8%

Retail 364

Retail Mortgage Loan Officers Lending 364

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? Get back to basics to find it.

Lending 352

Lending Loan Officers Training Investors 352

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn? .

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Loan Officers Investors Mortgage Clients 397

Housing Wire

AUGUST 31, 2020

Digital lender Beeline plans to hire over 300 new employees total by September 2021 – with over 100 new positions opening in Charlotte, North Carolina and Providence, Rhode Island, the company said Monday. The company has developed an alternative to what is traditionally know as a loan officer role.

Loan Officers 314

Loan Officers Development Real Estate Technology 314

Housing Wire

OCTOBER 12, 2022

plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. . billion in the last 12 months through 268 active loan officers and 75 branches, according to data from mortgage tech platform Modex. Summit originated $5.2

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Human Resources Loan Officers Mortgage Development 378

Housing Wire

JUNE 6, 2022

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. Wells Fargo, the third-biggest lender by volume in 2021 , laid off at least 114 employees in its home lending division this year. This list will be updated throughout the year.

Mortgage 420

Mortgage Loan Officers Lending Human Resources 420

Housing Wire

JANUARY 27, 2023

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. His branch includes Medina, four loan originators and two support staffers.

Retail 382

Retail Mortgage Loan Officers Brokerage 382

Housing Wire

AUGUST 30, 2021

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 392

Lending Loan Officers Advertising Development 392

Housing Wire

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. billion in total loan volume in 2021, an increase from $13.4 billion in loans in 2020. billion from January to June, a 53% drop compared to the first half of 2021, per IMF. billion in business.

Loan Officers 377

Loan Officers Mortgage Retail Contracts 377

Housing Wire

MARCH 24, 2023

By its own description, ChatGPT is “an AI-powered chatbot developed by OpenAI, based on the GPT (Generative Pretrained Transformer) language model. As for the “limitations,” it’s not always correct, and much data has not been updated after 2021. She had attempted to contact the developer for months with no response.

Loan Officers 478

Loan Officers Legal Development Marketing 478

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021.

Mortgage 381

Mortgage Training Loan Officers Lending 381

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Some mortgage lenders reduced their workforce in the second half of 2021 and are now implementing new layoff rounds, such as Interfirst and Better.com.

Human Resources 366

Human Resources Loan Officers Retail Training 366

Housing Wire

APRIL 28, 2022

Union Home Mortgage is laying off loan officers in junior and senior positions, according to former employees’ LinkedIn posts and interviews with HousingWire. from 2020 to 2021, to $13 billion. In the fourth quarter of 2021, when some lenders started to report declines in their production, UHM’s volume was $4.2

Mortgage 318

Mortgage Loan Officers Retail Construction 318

Housing Wire

JANUARY 24, 2022

Guaranteed Rate acquired Stearns Holding in January 2021 from the financial giant Blackstone Group , for an undisclosed sum, but announced after one year that it is closing the wholesale channel. The last day for brokers to close a transaction is Feb.

Lending 364

Lending Retail Loan Officers Business 364

Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

Loan Officers 306

Loan Officers Architecture Real Estate Agent Clients 306

Housing Wire

OCTOBER 4, 2022

The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to ​​Mary Ann McGarry, Guild Mortgage’s chief executive officer. “Think of 2020 and 2021.

Mortgage 410

Mortgage Retail Loan Officers Business 410

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 380

Retail Loan Officers Brokerage Technology 380

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. According to former employees and executives, business seemed strong as recently as summer 2021.

Mortgage 353

Mortgage Loan Officers Retail Training 353

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 366

Mortgage Loan Officers Lending Business 366

Housing Wire

JANUARY 11, 2022

In addition, Redfin expects to incur a non-cash impairment charge of $2 million to $3 million on mortgage-specific, internally developed software. billion in 2021, nearly ten times the size of Redfin’s existing portfolio. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5

Loan Officers 464

Loan Officers Lending Real Estate Brokerage 464

Housing Wire

AUGUST 11, 2022

That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits. In August 2021, Cadence Bank settled allegations of redlining which stemmed, in part, from the bank’s loan officers’ lack of Spanish language skills.

Lending 364

Lending Finance Loan Officers Legal 364

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. billion in mortgages in 2021. from the first six months of 2021. “In

Human Resources 421

Human Resources Loan Officers Mortgage Training 421

Housing Wire

JULY 12, 2023

Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department.

Retail 369

Retail Development Finance Lending 369

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 522

Mortgage Marketing Retail Lending 522

Housing Wire

DECEMBER 1, 2022

The letter showed that the first round of layoffs will start on December 2 and will impact marketing staff, loan processors, underwriters and a loan officer. Inlanta didn’t respond to requests for comment on the purchaser or when it will fund loans until. “As We look at the market as the glass is half full.”.

Mortgage 359

Mortgage Loan Officers Buyers Business 359

Housing Wire

MARCH 4, 2022

“We put a lot of effort and energy into developing a program to help brokers grow. The mortgage lender is attracting professionals from the industry and developing its account executives and loan officers in-house, selecting people without experience in the mortgage industry. Origination data is not available.

Technology 344

Technology Logistics Government Retail 344

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 393

Marketing Real Estate Agent Loan Officers Advertising 393

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 370

Mortgage Loan Officers Retail Technology 370

Housing Wire

JUNE 10, 2022

His extensive industry experience has allowed him to learn the challenges originators and consumers face in the home buying experience and he will work to develop solutions that improve and streamline the process for our franchisees and customers,” said Ward Morrison, president and chief executive officer at Motto Franchising and wemlo.

Marketing 384

Marketing Real Estate Agent Lending Real Estate 384

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 450

Loan Officers Lending Mortgage Housing Market 450

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

Insurance 365

Insurance Loan Officers Sellers Mortgage 365