Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. Rapid City, South Dakota.

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Housing Market Marketing Real Estate Real Estate Agent 320

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

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Housing Market Marketing Agents Real Estate 322

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. billion in Q1 2022 (which was roughly in line with industry peers).

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Loan Officers Marketing Retail Renovations 336

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. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 366

Loan Officers Agents Retail Technology 366

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 421

Finance Real Estate Agent Real Estate Insurance 421

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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

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Mortgage Loan Officers Inventory Retail 376

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

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Mortgage Loan Officers Clients Housing Market 351

Housing Wire

DECEMBER 3, 2021

Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.

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Inventory Loan Officers Clients Mortgage 382

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

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Real Estate Real Estate Agent Clients Agents 354

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

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Marketing Mortgage Inventory Loan Officers 315

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 369

Business Loan Officers Clients Inventory 369

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. estimated by the markets.

Mortgage 387

Mortgage Loan Officers Retail Marketing 387

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. 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 402

Mortgage Loan Officers Buyers Inventory 402

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.

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Mortgage Loan Officers Lending Business 359

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Design your ideal client, the type of borrower you’d love to work with, and go from there. “If

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Loan Officers Business Mortgage Clients 282

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. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 364

Mortgage Loan Officers Government Buyers 364

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based In 2022, only 7.6% of purchase loans that Fannie Mae closed were above 95% LTV, according to the Urban Institute.

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Loan Officers Insurance Mortgage Real Estate Agent 333

Housing Wire

DECEMBER 10, 2021

3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates. HousingWire: What do you think will be the big themes for the housing market in 2022?

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Loan Officers Housing Market Mortgage Tools 338

Housing Wire

FEBRUARY 10, 2023

.” While his origination volume dropped by about 55% to $378 million in 2022 from the previous year, Kechian is confident he could capitalize on the purchase market by tapping into the network he’s been building with realtors over the last year. “We We feel like we picked up more market share in 2022,” Kechian said.

Marketing 351

Marketing Inventory Loan Officers Buyers 351

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. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

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Mortgage Loan Officers Finance Investors 385

Housing Wire

MARCH 15, 2023

SVB operated as a portfolio lender in the residential mortgage space, not selling loans on the secondary market. This structure allows the bank to offer clients “common sense underwriting and provide more nimble prequalifications, approvals and closings,” the bank said on its website. In total, 76.6% They took a $1.8

Mortgage 327

Mortgage Loan Officers Insurance Business 327

Housing Wire

MARCH 2, 2023

That has essentially frozen the market, particularly for buyers who were considering making the jump but perhaps missed the small window in winter, when for one day rates fell to 5.99%. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I

Mortgage 430

Mortgage Buyers Loan Officers Marketing 430

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 319

Real Estate Brokerage Real Estate Agent Technology 319

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

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Marketing Lending Loan Officers Training 320

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 351

Mortgage Loan Officers Bracketing Investors 351

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Renovations 379

Renovations Realtors Construction Mortgage 379

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. This month’s supply measurement remains 0.9

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JANUARY 31, 2023

Mainly a reciprocal business of vacation homes or referrals in states outside of Massachusetts, the LO plans to increase marketing efforts beyond his main Boston market. Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees.

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Inventory Marketing Business Buyers 321

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. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

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Housing Market Marketing Brokerage Real Estate 403

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. 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.

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Mortgage Loan Officers Inventory Business 439

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. Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market.

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Business Retail Realtors Loan Officers 74

Housing Wire

AUGUST 23, 2023

That’s a stark contrast to what was expected at the end of 2022, when economists forecast rates to be roughly 5.5% Even with rates in the mid-7s, there are bidding wars in dozens of markets across the country. In December 2022, the Mortgage Bankers Association (MBA) expected the 30-year fixed rate to end this year at 5.2%.

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Mortgage Loan Officers Inventory Housing Market 358

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 76

Housing Wire

AUGUST 8, 2023

Busch is vice president and senior mortgage banker at First Savings Mortgage Corporation , a Virginia-based lender that produced $2 billion in mortgages in 2022, less than half the $4.2 The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) billion in 2022, down 41.3%

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Insurance Mortgage Clients Lending 318

Housing Wire

JULY 19, 2023

The dour housing market over the past 18 months has thrust struggling independent mortgage lenders (IMBs) into what seems like a pot of water that is coming slowly to a boil. As the heat rises, so too does the number of lenders seeking to exit the market.

Mortgage 366

Mortgage Marketing Buyers Lending 366

Housing Wire

DECEMBER 15, 2021

It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 337

Finance Construction Law Inventory 337

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. I have always collected all the money owed from my lender clients using the collection techniques I write about.

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Appraisal Insurance Real Estate Business 52