Housing Wire

APRIL 23, 2024

Guaranteed Rate made two significant executive appointments, the Chicago -based mortgage lender announced on Monday. CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending.

Loan Officers 412

Loan Officers Real Estate Brokerage Business 412

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 added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

Loan Officers 336

Loan Officers Mortgage Real Estate Agent Real Estate 336

Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed.

Brokerage 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

Housing Wire

DECEMBER 11, 2023

Despite rising housing unaffordability , we in the real estate business know that homeownership is still a fantastic way to build generational wealth. 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.”

Real Estate Agent 407

Real Estate Agent Real Estate Agents Lending 407

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 362

Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Real Estate 352

Real Estate Real Estate Agent Clients Agents 352

Housing Wire

JANUARY 10, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million over the course of 12 years. The lender’s U.S.

Investing 293

Investing Development Tenants Loan Officers 293

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. ” Real estate agents and LOs: the great collaboration. . ” Real estate agents and LOs: the great collaboration.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgage 431

Mortgage Loan Officers Finance Buyers 431

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. billion during the same time period, according to mortgage recruiting platform Modex.

Mortgage 390

Mortgage Retail Loan Officers Finance 390

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. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 401

Business Mortgage Loan Officers Inventory 401

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ). The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. He declined to comment on the lawsuit.

Loan Officers 364

Loan Officers Legal Real Estate Lending 364

Housing Wire

OCTOBER 4, 2023

Indiana-based First Savings Bank plans to lay off over 100 mortgage employees in the coming months, according to documents filed with authorities in multiple states. News of the plans come as political instability and a strong job market push mortgage rates closer to 8%. billion in 2021 to $370 million in 2022.

Human Resources 408

Human Resources Mortgage Tenants Lending 408

Housing Wire

APRIL 7, 2021

The mortgage rate outlook component experienced the only decline in March’s HPSI, with the latest results indicating that only 6% of consumers believe that mortgage rates will decrease over the next 12 months. Real estate agents and LOs: the great collaboration.

Sellers 506

Sellers Real Estate Agent Real Estate Loan Officers 506

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75

Mortgage 400

Mortgage Loan Officers Buyers Inventory 400

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. billion in 2021. billion in 2021. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

MAY 25, 2022

Keller Mortgage , part of the kwx holding company, laid off operations positions in a conference call on Monday May 23, according to more than a dozen employees. Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. .

Mortgage 384

Mortgage Loan Officers Retail Training 384

Housing Wire

APRIL 23, 2024

The rule follows through on an Executive Order issued by President Joe Biden in the summer of 2021, who directed the FTC to ban or limit such agreements in the U.S. It’s not common practice in the mortgage and real estate industries to make use of noncompetes. labor force.

Real Estate Agent 388

Real Estate Agent Loan Officers Lending Real Estate 388

Housing Wire

APRIL 30, 2024

. “I’d like to do another one [deal], but if we can find a good company — it’s hard to find — and we will pay the owner a premium,” Snyder said in an interview last week during The Gathering, HousingWire ‘s real estate and mortgages conference held in Scottsdale, Arizona.

Retail 365

Retail Loan Officers Lending Mortgage 365

Housing Wire

JUNE 1, 2021

These 50 young disruptors come from all sectors of housing – mortgage, real estate, fintech, servicing and more – and pushed beyond the challenges the year brought. And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond.

Retail 385

Retail Lending Loan Officers Finance 385

Housing Wire

FEBRUARY 1, 2024

Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders.

Retail 374

Retail Loan Officers Business Real Estate 374

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage.

Mortgage 375

Mortgage Loan Officers Inventory Retail 375

Housing Wire

AUGUST 23, 2023

Bad news for mortgage professionals: not only are mortgage rates at their highest level in over two decades, they might not drop anytime soon. On Wednesday morning, the 30-year fixed mortgage rate was 7.29% at HousingWire’s Mortgage Rates Center and 7.49% on Mortgage News Daily. When asked why U.S.

Mortgage 356

Mortgage Loan Officers Inventory Housing Market 356

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 283

Loan Officers Brokerage Retail Clients 283

Housing Wire

FEBRUARY 24, 2022

Years before Mark Zuckerberg introduced the “Metaverse,” there was eXp, a cloud-based real estate brokerage where executives and agents appear on a computer screen as if they are characters in Second Life or The Sims. Agent count increased 72% in 2021 to over 71,000 at December’s end. On Thursday the cartoon avatars returned.

Brokerage 359

Brokerage Agents Loan Officers Real Estate 359

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Generational nuances.

Mortgage 366

Mortgage Loan Officers Technology Real Estate 366

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. PPP may have meant something different in 2020, but this year the 3 P’s are the guiding light to long-term mortgage success and domination. The Pulse of Consumer Shopping Behavior: Mortgage Purchase, Refi & More.

Loan Officers 279

Loan Officers Lending Finance Business 279

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. 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.

Mortgage 409

Mortgage Loan Officers Lending Human Resources 409

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. With mortgage origination volume expected to drop by about 40% to $2.4 billion in loan origination volume in 2021.

Mortgage 374

Mortgage Loan Officers Lending Real Estate Agent 374

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 344

Loan Officers Tools Business Clients 344

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. Purchase loans grew from 24.9%

Mortgage 299

Mortgage Real Estate Agent Real Estate Clients 299

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HW: How has wholesale changed over the past 2–3 years?

Mortgage 342

Mortgage Retail Lending Loan Officers 342

Housing Wire

DECEMBER 23, 2020

Many of those individuals have either come current on their mortgage or chosen a payment deferral option to remove some of the financial issues that they’re facing around their mortgages today. . The post How to tackle the affordable housing crisis in 2021 appeared first on HousingWire.

Loan Officers 328

Loan Officers Real Estate Finance Mortgage 328

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

Mortgage 424

Mortgage Loan Officers Real Estate Insurance 424

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. Terms of the transaction were not disclosed.

Finance 302

Finance Real Estate Agent Loan Officers Legal 302

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country.

Clients 332

Clients Real Estate Agent Technology Loan Officers 332