Eyes on Housing

MAY 5, 2021

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021.

Loan Officers 173

Loan Officers Lending Real Estate 173

Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. ALL EYES ON PURCHASE.

Loan Officers 351

Loan Officers Lending Finance Business 351

Housing Wire

MAY 10, 2024

Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024. Meanwhile, Better had 227 sponsored LOs and seven branches, the NMLS shows.

Loan Officers 344

Loan Officers Law Finance Mortgage 344

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity.

Mortgage 521

Mortgage Loan Officers Real Estate Agent Realty 521

Housing Wire

APRIL 7, 2021

And now, with the COVID-19 vaccine circulating and the economy slowly regaining strength, Zillow researchers say millions of additional households could enter the housing market in 2021. While moving itself can be stressful, changing zip codes in 2020 and 2021 seems to be eliciting mostly happiness. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

MARCH 1, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted another record for production in 2021, but lower margins and declines in fair value of mortgage servicing rights impacted its earnings. billion in profits in 2021, down 53.6% million in Q4 2021. by closed loan volume for seven years in a row.

Retail 393

Retail Mortgage Loan Officers Technology 393

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 411

Loan Officers Tools Business Clients 411

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. billion in origination volume, across 3,551 loans.

Loan Officers 294

Loan Officers Brokerage Retail Clients 294

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 438

Loan Officers Human Resources Contracts Mortgage 438

Housing Wire

APRIL 23, 2024

In this capacity, he contributed to onboarding talents that brought more than $19 billion in total loan volume to the company, according to its news release. In 2021, he joined OriginPoint , a joint venture between Guaranteed Rate and leading real estate brokerage Compass.

Loan Officers 414

Loan Officers Real Estate Brokerage Business 414

Housing Wire

NOVEMBER 12, 2020

The digital lender, run by CEO Vishal Garg , selected Bank of America and Morgan Stanley to prepare an initial public offering slated for 2021, according to sources cited by Bloomberg. It now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers. Write to him at jkleimann@housingwire.com.

Valuation 467

Valuation Loan Officers Retail Mortgage 467

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

Loan Officers 393

Loan Officers Mortgage Finance Lending 393

Housing Wire

APRIL 7, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. The post Home sellers are feeling good about 2021 appeared first on HousingWire.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

SEPTEMBER 15, 2023

The firm alleges that Bati worked at Guaranteed Rate Affinity from June 2021 to January 2022 and should have returned the signing bonuses within 10 days after her departure. Gifoli served as a loan officer from May 2021 to October 2021. Despite repeated demands, Bati has refused to repay, the lawsuit states.

Loan Officers 403

Loan Officers Legal Real Estate Lending 403

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. In 2021, Veritex acquired a 49% stake in Thrive for $53.9 million , valuing the lender at roughly $110 million.

Retail 412

Retail Loan Officers Lending Mortgage 412

Housing Wire

MARCH 11, 2024

Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website. is a software development company that offers a digital loan origination system and POS for the mortgage industry.

Mortgage 411

Mortgage Loan Officers Real Estate Agent Design 411

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 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. Rocket didn’t respond to requests for comment.

Loan Officers 369

Loan Officers Mortgage Real Estate Agent Real Estate 369

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). Today, the refinance market has long since evaporated, with little likelihood of a return to 2021 levels any time soon.

Loan Officers 401

Loan Officers Technology Lending Tools 401

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officers 420

Loan Officers Technology Investing Realtors 420

Housing Wire

JANUARY 19, 2024

“We are proud of our record and strongly deny that Patriot Bank ever avoided originating home mortgage loans in Black and Hispanic areas of the Memphis market.” The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022.

Loan Officers 432

Loan Officers Lending Advertising Home Improvement 432

Housing Wire

OCTOBER 13, 2023

According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. Sources said that acquiring Fairway would be a way for CrossCountry to add loan officers at different branches across the country.

Loan Officers 464

Loan Officers Mortgage Finance Business 464

Housing Wire

MARCH 10, 2021

Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance. Powered by technology and fulfillment partnerships, community lenders are poised to continue their growth path in 2021. Over four million millennials are slated to reach peak home buying age in 2021.

Marketing 382

Marketing Technology Lending Business 382

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By

Mortgage 399

Mortgage Loan Officers Technology Lending 399

Housing Wire

FEBRUARY 1, 2024

The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. ” Employees on Thursday told HousingWire that significant changes were made to loan officer compensation agreements and they expected many LOs to depart for other lenders.

Retail 421

Retail Loan Officers Business Real Estate 421

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. In March of 2021 the mortgage industry was running at a $4.4 And they have good reasons to do so. Like, a lot more. So let’s dive in a little deeper.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

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 369

Finance Real Estate Agent Loan Officers Legal 369

Housing Wire

OCTOBER 18, 2023

Let’s look at InGenius’s data on the number of loan officers and corresponding production levels. That’s well below the high of 181,656 achieved in Q3 2021 and even the four-plus year average of about 146,000. Since Q1 2021, the average LO has pumped out just under 16 loans per quarter at $4.8

Retail 510

Retail Loan Officers Brokerage Mortgage 510

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 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

Housing Wire

FEBRUARY 15, 2024

Conventional loans account for 95% of Better’s portfolio, with the remaining 5% tied to other products such as jumbo loans. The lender’s overall production fell from $57 billion in 2021 to $11 billion in 2022. VA loans are 12% of the mortgage market,” Garg said. billion in Q3 2022. “VA

Loan Officers 392

Loan Officers Finance Mortgage Lending 392

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 382

Retail Loan Officers Best Value Business 382

Housing Wire

JANUARY 7, 2022

Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned. The consumer direct mortgage lender, headquartered in Charlotte, North Carolina, said it laid off 35 LOs across its offices in Dallas, Charlotte, Salt Lake City, Kansas City, and Phoenix.

Mortgage 404

Mortgage Loan Officers Retail Advertising 404

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. In the third quarter of 2022 and the fourth quarter of 2021, sellers gave concessions in 30% of home sales. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. .

Sellers 523

Sellers Mortgage Loan Officers Buyers 523

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 433

Mortgage Loan Officers Finance Buyers 433

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 402

Advertising Lending Loan Officers Law 402

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? .

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. UWM on Thursday when filed a lawsuit in a U.S.

Contracts 433

Contracts Loan Officers Lending Retail 433