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 396

Mortgage Training Loan Officers Lending 396

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 382

Human Resources Loan Officers Retail Training 382

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year.

Mortgage 397

Mortgage Loan Officers Retail Training 397

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

JANUARY 25, 2023

Chevalier’s former team of 55 employees – including loan originators, LO assistants, branch, sales and marketing managers – originated $1.8 billion in sales volume in 2021, becoming the most profitable team for loanDepot with the most loan closing volume, units and revenue, according to Chevalier. he said in December. “It

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

JUNE 5, 2023

Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 369

Mortgage Retail Lending Loan Officers 369

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. 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. .

Marketing 368

Marketing Retail Lending Mortgage 368

Housing Wire

DECEMBER 16, 2021

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 368

Mortgage Loan Officers Retail Training 368

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 444

Mortgage Training Contracts Loan Officers 444

Housing Wire

AUGUST 23, 2023

The second round of layoffs this month mostly affected non-tech workers and included its vice president of creative, an operations training manager and a human resources director. Loan officers were let go in August as well, according to former employees. market share, IMF data showed. Census Bureau.

Human Resources 284

Human Resources Loan Officers Project Management Training 284

Housing Wire

MARCH 15, 2023

The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. It’s not magic, but it can save users effort and time — and in the ever-changing mortgage market, your time is more valuable than ever. ChatGPT was launched in November 2022 by OpenAI. What can ChatGPT do for you?

Tools 364

Tools Training Business Development 364

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Not much better.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing. Census Data.

Investors 436

Investors Real Estate Lending Loan Officers 436

Housing Wire

JANUARY 14, 2022

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If If you’re willing to learn and you’re coachable and trainable, that works too.”.

Lending 381

Lending Loan Officers Real Estate Mortgage 381

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. Loan origination volume dropped 26% to $21.6

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

NOVEMBER 2, 2022

Historically, that has represented a solid market, albeit not spectacular. For many firms, those efforts will include increased sales and marketing efforts and new products or services to tap into new markets. The industry has evolved in the way it hires, trains and deploys its human resources. Processes, or chokepoints?

Business 388

Business Technology Human Resources HOA 388

Housing Wire

MARCH 11, 2022

In relation other top 10 reverse mortgage lenders, Fairway stands out by making a concerted effort to cultivate more H4P business in an environment where many other reverse mortgage companies have spent much of the past 12-18 months focused on HECM-to-HECM (H2H) refinances, according to data compiled by Reverse Market Insight ( RMI ).

Business 366

Business Real Estate Agent Real Estate Loan Officers 366

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. Errors, mistakes and even fraud at the closing end can lead to a loan that can’t be (or shouldn’t have been) sold on the secondary market.

Lending 421

Lending Law Loan Officers Clients 421

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 431

Business Mortgage Loan Officers Inventory 431

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 422

Loan Officers Mortgage Lending Real Estate Agent 422

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 395

Lending Real Estate Agent Loan Officers Retail 395

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. This falls well below the landmark $1 billion he reached in 2020 and 2021. CK: Has there been layoffs at Loan Factory as well?

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

JANUARY 10, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000. Leonhardt said that AmCap employees will participate in a two-week training program at CCM, with the integration expected to be complete in 45 to 60 days. .

Retail 394

Retail Mortgage Loan Officers Training 394

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 Agent 98

Real Estate Agent Real Estate Agents Realtors 98

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 439

Housing Market Marketing Brokerage Real Estate 439

Housing Wire

DECEMBER 11, 2023

According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.” of its home purchase loans for the year to low- and moderate-income (LMI) borrowers, down from 19.7% But we are not powerless.

Real Estate Agent 448

Real Estate Agent Real Estate Agents Lending 448

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? More critical than training on skills is training on having a strong mindset,” said Matt Weaver. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Weaver is the No.

Real Estate Agent 303

Real Estate Agent Mortgage Real Estate Training 303

Housing Wire

OCTOBER 7, 2020

“The market remains underserved in the sense that the mortgage lending market has changed so quickly that everyone is still trying to keep up,” Stone said. It will also provide brand awareness for the Realtor or loan officer involved in the transaction because every communication has their photo and branding.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

JUNE 7, 2021

As a candidate, Biden’s campaign said he would “establish a national standard for housing appraisals” to ensure that appraisers are adequately trained, understand the neighborhoods in which they work and “do not hold implicit biases” that influence their work.

Appraisal Process 473

Appraisal Process Appraisal Decorating Valuation 473

Housing Wire

APRIL 13, 2022

Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. Housing costs, particularly at the bottom of the market, have skyrocketed with a limited supply of housing and a severe shortage of construction workers. in 2001 to 44.8%

Insurance 384

Insurance Construction Government Lending 384

Housing Wire

NOVEMBER 5, 2020

HousingWire sat down with White to talk about his strategy to fulfill the “NAMB for ALL” mission in 2021. It reminds me of the early 2000s, when the focus was growth and anyone who had a heartbeat could become a broker, whether they had proper training or not. We ended up losing 65% of the broker channel in the market.

Mortgage 458

Mortgage Loan Officers Tools Training 458