Housing Wire

SEPTEMBER 27, 2023

In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.

Advertising 371

Advertising Loan Officers Lending Training 371

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 348

Human Resources Loan Officers Retail Training 348

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 384

Mortgage Loan Officers Retail Training 384

Housing Wire

JULY 26, 2023

In a previous edition of the report published in the fall of 2021, CFPB examiners found that mortgage lenders had “violated ECOA and Regulation B by discriminating against African American and female borrowers in the granting of pricing exceptions based upon competitive offers from other institutions,” the new report said.

Mortgage 343

Mortgage Loan Officers Lending Training 343

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 361

Lending Real Estate Agent Loan Officers Retail 361

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

JUNE 5, 2023

More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent. In 2020 and 2021 when refinances were booming, we saw every lender thriving.

Mortgage 343

Mortgage Retail Lending Loan Officers 343

Housing Wire

JANUARY 25, 2023

. (…) We will also continue to actively source qualified Washington-based loan officers, branch leaders and teams who align with our core values and are dedicated to the communities they serve,” the spokesperson said. The lender originated $2.04

Mortgage 343

Mortgage Loan Officers Retail Training 343

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 376

Mortgage Training Contracts Loan Officers 376

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. I think 99% of the loans that I was writing there were refinances. The firm told HousingWire that it had originated $1.65

Mortgage 339

Mortgage Loan Officers Retail Training 339

Housing Wire

AUGUST 11, 2022

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. The policy change does not apply to reverse mortgages, according to Fannie Mae’s guidance for servicers. Presented by: Selene Finance.

Lending 346

Lending Finance Loan Officers Legal 346

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. million between April 2021 and July 2023, according to the U.S.

Human Resources 282

Human Resources Loan Officers Project Management Training 282

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 414

Human Resources Loan Officers Mortgage Training 414

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 333

Retail Mortgage Loan Officers Business 333

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. over the past 12 months to 6,121. Not much better.

Mortgage 358

Mortgage Loan Officers Lending Business 358

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 354

Mortgage Loan Officers Retail Technology 354

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 382

Marketing Real Estate Agent Loan Officers Advertising 382

Housing Wire

MARCH 15, 2023

The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. In its development, it was trained using 2021 data, so it often includes outdated or factually inaccurate information in its generated content. ChatGPT was launched in November 2022 by OpenAI.

Tools 321

Tools Training Business Development 321

Housing Wire

SEPTEMBER 2, 2020

The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

Training 356

Training Loan Officers Development Mortgage 356

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

AUGUST 7, 2020

Shoemaker predicted low rates will continue through 2021 but said that companies that are going to succeed after a shift to higher rates will be the ones that work on lower-cost platforms, have more flexibility from an execution standpoint, focus on purchase and have a willingness to build relationships with referral partners. “So

Retail 365

Retail Mortgage Loan Officers Marketing 365

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 315

Lending Loan Officers Real Estate Mortgage 315

Housing Wire

JUNE 10, 2022

Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 361

Marketing Real Estate Agent Lending Real Estate 361

Housing Wire

OCTOBER 28, 2022

The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training. Wendell Couch joined in 2008 and closed over $1 billion in loan production in 2021.

Retail 328

Retail Training Lending Mortgage 328

Housing Wire

NOVEMBER 2, 2023

with 85% owned by individual investors and LLCs based on 2021 U.S. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM. Census Data.

Investors 374

Investors Real Estate Lending Loan Officers 374

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. Time and training.

Mortgage 385

Mortgage Loan Officers Finance Investors 385

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 249

Real Estate Agent Mortgage Real Estate Training 249

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% Let’s make the most of each opportunity.

Real Estate Agent 408

Real Estate Agent Real Estate Agents Lending 408

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. HousingWire: What’s the biggest challenge for mortgage brokers right now?

Mortgage 449

Mortgage Loan Officers Tools Training 449

Housing Wire

FEBRUARY 8, 2022

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. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 337

Marketing Retail Lending Mortgage 337

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

MARCH 11, 2022

To get a better idea about how big a role H4P will play in Fairway’s plans, RMD sat down with its National Reverse Mortgage Director Harlan Accola and its National Reverse Sales Training Specialist Dan Hultquist to learn more about H4P’s importance to Fairway’s future plans. of all endorsements in 2021. Diagnosing low H4P uptake.

Business 329

Business Real Estate Agent Real Estate Loan Officers 329

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. Third, are there documented training and self-enforcement mechanisms in place? This won’t only be true for the origination side of the mortgage transaction.

Lending 403

Lending Law Loan Officers Clients 403

Housing Wire

NOVEMBER 2, 2022

At the height of the refinance boom in 2021, it was not uncommon to hear the owners of some settlement services businesses confide that they were struggling to keep up with surging volume. The industry has evolved in the way it hires, trains and deploys its human resources. Processes, or chokepoints?

Business 334

Business Technology Human Resources HOA 334

Housing Wire

APRIL 13, 2022

In 2021, housing prices jumped by 19% – the biggest rise in a half-century, with the percentage of first-time homebuyers falling to its lowest level in decades (31%). Some communities are not equitably served because lenders say they are unable to recruit and hire minority loan officers who reside in these communities.

Insurance 367

Insurance Construction Government Lending 367

Housing Wire

OCTOBER 7, 2020

WESTprotect subscribers also have access to cybersecurity training and customized phishing simulators for each real estate, mortgage or title company, something that would have previously been prohibitively expensive for offices with less than 50 employees. To 2021 and beyond.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

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 464

Appraisal Process Appraisal Decorating Valuation 464