Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. 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.

Insurance 358

Insurance Loan Officers Sellers Mortgage 358

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 403

Business Mortgage Loan Officers Inventory 403

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 369

Mortgage Logistics Insurance Real Estate Agent 369

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. million in 2021, compared to $2 billion the previous year. In the last quarter of 2021, the gain-on-sale margin was 2.23%, down about 60 basis points from Q3. million to $694.1

Advertising 368

Advertising Loan Officers Retail Insurance 368

Housing Wire

MAY 11, 2021

SoftBank Group -backed digital lender Better.com plans to make its public debut in the fourth quarter of 2021 via SPAC , in a deal that would value the company at nearly $8 billion, the firm said Tuesday. billion in title insurance and $1.4 billion in homeowners insurance. a blank check company sponsored by Novator Capital.

Valuation 348

Valuation Insurance Investors Loan Officers 348

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

Brokerage 306

Brokerage Lending Realty Agents 306

Housing Wire

NOVEMBER 16, 2020

FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. Is 2021 a good time to buy a house? The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. Here are 5 reasons why.

Mortgage 477

Mortgage Insurance Real Estate Agent Real Estate 477

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. over the past 12 months to 6,121. Not much better.

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

OCTOBER 6, 2021

Better also expects this trend to continue, telling investors in the filing that gain-on-sale levels will remain “depressed through 2021 relative to the levels of the quarter ended March 31, 2021.”. Better has also made strides in real estate and insurance. billion in title insurance and $1.4

Insurance 400

Insurance Investors Real Estate Loan Officers 400

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Lakeland Bank admitted no wrongdoing as part of a consent decree. The role of consumer transaction data in increasing homeownership access.

Law 372

Law Loan Officers Lending Advertising 372

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. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 337

Training Loan Officers Lending Mortgage 337

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. Mortgage Insurers points out that Hispanics are the youngest of any ethnic or racial demographic in the United States to purchase a home.

Marketing 340

Marketing Tools Loan Officers Finance 340

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. The MBA data shows that refi applications decreased 16.3% ”

Mortgage 522

Mortgage Loan Officers Insurance Investors 522

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 352

Retail Loan Officers Brokerage Technology 352

Housing Wire

APRIL 13, 2022

The 2021 honorees persevered despite the drastic impacts that the pandemic had on women in corporate American, particularly executive women. Enact Mortgage Insurance’s Director, Quality Assurance, Sheila Klostermann , led her team in increasing productivity by ~ 25% over the last year. billion in total volume.

Loan Officers 328

Loan Officers Insurance Mortgage Business 328

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 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Will we have a buyer’s housing market in 2021? USDA loans. Considering other loans require anywhere from 3% to 10% down at minimum, this can mean serious savings from the start.

Mortgage 424

Mortgage Loan Officers Real Estate Insurance 424

Housing Wire

DECEMBER 27, 2022

According to the 2021 HMDA [Home Mortgage Disclosure Act] data, the median income of FHA borrowers is $65,000 per year, compared to $85,000 for VA and $105,000 for conventional borrowers.”. Over the past 14 years, FHA has insured 9.1 Pinto said his data shows the 90-day delinquency rate for FHA loans has stabilized in the 3.7%

Insurance 468

Insurance Home Value Mortgage Marketing 468

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. million to settle allegations that it improperly originated and underwrote mortgages insured by the Federal Housing Administration (FHA) and Department of Veterans Affairs (VA) programs.

Retail 368

Retail Development Finance Lending 368

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 367

Insurance Construction Government Lending 367

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The company doesn’t currently offer FHA, VA or USDA loans, just conventional and jumbo products. . Interfirst told HousingWire in August that it originated $1.65

Mortgage 283

Mortgage Investors Investing Technology 283

Housing Wire

NOVEMBER 18, 2022

Workers impacted by November’s layoffs will receive severance through the end of the year, two months of health insurance and other incentives, including additional payments based on the employee’s tenure. My time with PenFed has come to an end,” a loan officer posted on LinkedIn. million in mortgages.

Loan Officers 389

Loan Officers Modernization Finance Housing Market 389

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 367

Insurance Real Estate Technology Loan Officers 367

Housing Wire

DECEMBER 22, 2020

Are you planning to buy a home in 2021? Fixed-rate mortgages have a set interest rate for the entirety of the loan. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. The mortgage application process can be a confusing one — especially if you’ve never gone through it before.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021.

Lending 267

Lending Advertising Design Loan Officers 267

Housing Wire

DECEMBER 18, 2020

Is 2021 a good time to buy a house? If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements. If you’re not sure if it’s a good move, talk to a financial advisor or loan officer. More for Real Estate Enthusiasts.

HOA 457

HOA Finance Investing Loan Officers 457

Housing Wire

FEBRUARY 7, 2022

In California’s Contra Costa County, where the median home listing price is now $749,000, a loan officer priced a loan for a potential borrower with less-than-perfect credit, who had found a listing for $650,000. John Meussner, the loan originator who priced the loan, said the fees amounted to “gouging.”.

Insurance 334

Insurance Modernization Lending Mortgage 334

Housing Wire

SEPTEMBER 28, 2023

Back in 2020 and into 2021, you could go out in the parking lot with a net and just catch loans. We put a huge amount of effort into building a fantastic CRM platform, but you couldn’t get anyone to touch it — they were all too busy simply getting loans. The biggest shifts are just in the last two or three years.

Technology 383

Technology Loan Officers Lending Business 383

Housing Wire

JULY 16, 2021

Joseph arrives in her new role with a useful background – she worked as a loan officer earlier in her career. Joseph noted that HECM endorsement volume has remained over 4,000 units per month for most of 2021, a solid volume for what is still a relatively niche space.

Mortgage 340

Mortgage Insurance Loan Officers Business 340

Housing Wire

NOVEMBER 5, 2020

HousingWire sat down with White to talk about his strategy to fulfill the “NAMB for ALL” mission in 2021. We’re also working on finding solutions for the qualified mortgage and on issues surrounding flood insurance. White is a partner at RE Financial Service and has been an active member of the mortgage industry for more than 30 years.

Mortgage 449

Mortgage Loan Officers Tools Training 449

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 401

Housing Market Marketing Brokerage Real Estate 401

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 385

Mortgage Loan Officers Finance Investors 385

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. billion in 2021 and closer to the level of 2019, when lenders originated $389.3

Insurance 316

Insurance Mortgage Clients Lending 316

Housing Wire

AUGUST 20, 2021

The companies recognized in the 2021 Inc. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We HousingWire’s analysis of the 2021 Inc. But hey, growth equity firms and potential acquirers blowing up your cell phone is certainly not the worst thing in the world.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

OCTOBER 5, 2023

“…These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents.

Housing Market 375

Housing Market Marketing Contracts Finance 375

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. A handful of vendors made strategic acquisitions and acquisitions for capitalization in the fall of 2021.

Mortgage 332

Mortgage Technology Loan Officers Investing 332

Housing Wire

FEBRUARY 3, 2023

in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1% The bank has 197 active loan officers and 12 branches across the country. It has offices in seven U.S. billion from $8.47 While refis consisted of 56.7%

Real Estate 66

Real Estate Lending Human Resources Insurance 66