Appraisal Buzz

JULY 25, 2022

Until recently, the mortgage industry has been satisfied to leave the work of empowering new buyers to their real estate agents, so that loan officers (LOs) could spend time focusing on the flood of refinance business that led to a $4 trillion mortgage market in 2021.

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Buyers Real Estate Agent Marketing Loan Officers 195

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officers 349

Loan Officers Marketing Retail Renovations 349

Housing Wire

SEPTEMBER 30, 2022

Another 125 basis points in hikes are still to come in 2022, with a federal funds rate topping out well above 4%. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. Not yet anyway.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. The Bureau of Labor Statistics reported on Friday that job and wage growth is slowing, although the labor market finished 2022 stronger than expected. It’s a good strategy for buyers right now,” Gano said.

Sellers 523

Sellers Mortgage Loan Officers Buyers 523

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

Loan Officers 414

Loan Officers Brokerage Retail Construction 414

Housing Wire

SEPTEMBER 11, 2023

The New York-based independent bank exceeded its 2022 production volume of $400 million in August, but the end goal is far more ambitious: The company is aiming to produce between $3 billion to $5 billion in origination volume annually. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

Loan Officers 377

Loan Officers Agents Retail Technology 377

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. trillion to $1.7 trillion.

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Buyers Mortgage Sellers Investing 402

Housing Wire

JUNE 29, 2022

Millennials and Gen Zs make up the largest cohort of potential homebuyers today, the majority of which are first-time buyers bullish to get a foot on the property ladder. Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. As such, personal support is important to this demographic.

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Loan Officers Mortgage Modernization Business 412

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 420

Real Estate Agent Loan Officers Real Estate Agents 420

Housing Wire

MARCH 10, 2023

California-based lender Guild Mortgage posted a higher profit in 2022 thanks to its increased purchase mortgage market share — and now has its eyes set on acquiring other lenders. In the fourth quarter of 2022, Guild’s purchase recapture was 25% and the company retained servicing rights for 89% of total loans sold during that period.

Business 349

Business Mortgage Loan Officers Retail 349

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Now that it’s getting back into the forward mortgage origination business, AmeriFirst plans to focus on providing buyers with competitive rates by cutting branch and regional margins, which led to higher fees for buyers.

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Loan Officers Mortgage Real Estate Agent Business 338

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

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Real Estate Agent Real Estate Agents Loan Officers 390

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

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 364

Loan Officers Tools Business Clients 364

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. Following one major layoff and furlough in 2022, the Arizona-based lender eliminated costs and is positioned to grow revenue, executives said.

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Loan Officers Brokerage Real Estate Lending 247

Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 432

Finance Real Estate Agent Real Estate Insurance 432

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 381

Loan Officers Mortgage Lending Real Estate Agent 381

Housing Wire

NOVEMBER 1, 2021

You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. Stevens, President at SRE.

Real Estate Agent 388

Real Estate Agent Real Estate Agents Lending 388

Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. Median mortgage payment for conventional loan applicants was $2,117, up from $2,009 in January and from $1,750 in February 2022. But those committed to buying a new home are really committed, LOs said. this year from 6.6% in 2024 and 4.4%

Mortgage 349

Mortgage Loan Officers Inventory Buyers 349

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 413

Business Mortgage Loan Officers Inventory 413

Housing Wire

OCTOBER 9, 2023

Users can compare current mortgage rates , and use a mortgage payment calculator, a home-value estimator and online loan applications. Users can also find local loan officers when they are ready to buy a home or inquire about another financial product that Guaranteed Rate offers. As of Oct. As of Oct.

Loan Officers 414

Loan Officers Mortgage Technology Realtors 414

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. Tozer suggested “a fee of 1.3%

Mortgage 372

Mortgage Loan Officers Government Buyers 372

Housing Wire

SEPTEMBER 21, 2022

billion users by the end of 2022, with many users falling under the Millennial and Gen Z umbrellas. The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Scott Betley ( @thatmortgageguy ). followers, 11.7 million likes.

Loan Officers 370

Loan Officers Buyers Mortgage Realtors 370

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. 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 374

Lending Real Estate Agent Loan Officers Retail 374

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. About 71.2%

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Loan Officers Buyers Contracts Mortgage 344

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. We feel like we picked up more market share in 2022,” Kechian said. in the fourth quarter of 2022. The numbers shook out to be like $378 million.

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Marketing Inventory Loan Officers Buyers 360

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The bottom for 2022 was 240,194.

Mortgage 389

Mortgage Loan Officers New Listings Government 389

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. Rates for jumbo loan balances (greater than $726,200) went from 6.44% to 6.49% in the same period. ”

Mortgage 368

Mortgage Loan Officers Investors Government 368

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment.

Mortgage 408

Mortgage Loan Officers Buyers Inventory 408

Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. “VA loans are probably the best loans on the market.

Agents 445

Agents Sellers Buyers Finance 445

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business. million, of those homes.

Loan Officers 384

Loan Officers Real Estate Agent Real Estate Finance 384

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. The company’s volumes declined from more than $500 million in March 2022 to less than $100 million in October, Modex’s data shows. Cutting hundreds of jobs.

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Loan Officers Modernization Finance Housing Market 400

Housing Wire

SEPTEMBER 5, 2023

Additionally, many banks have tightened their credit boxes, and banks expect to further tighten those lending standards through the rest of the year, according to the Federal Reserve’s quarterly senior loan officer opinion survey. We increased our liquidity and found more buyers for our loans.

Marketing 338

Marketing Loan Officers Lending Brokerage 338

Housing Wire

MAY 26, 2022

. “As rates have moved higher, ARM loans have gotten more attractive to borrowers because it gives them a lower monthly payment,” said Joel Kan, associate vice president of economic and industry forecasting at the MBA. ” How lenders can improve business models in 2022.

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Loan Officers Housing Market Mortgage Buyers 389

Housing Wire

NOVEMBER 14, 2022

The goal is to help home buyers search for homes and then capitalize on loan offerings, the lender said in a release. trillion in 2022, down from the previous year’s $4.4 Ohio-headquartered Commitment Mortgage aims to leverage more than 600 Indiana real estate agents at Carpenter’s.

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Lending Realtors Real Estate Agent Mortgage 331