Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

Loan Officers 407

Loan Officers Development Investors Finance 407

Housing Wire

AUGUST 17, 2023

It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. 5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. We are doing a lot of research and development in it and artificial intelligence,” Slyusarchuk said.

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As mortgage lender by volume last year.

Retail 403

Retail Loan Officers Legal Technology 403

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

JANUARY 10, 2024

“Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted. million but down from $135 million in Q3 2022. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9 The lender’s U.S.

Investing 362

Investing Development Tenants Loan Officers 362

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Loan Officers 395

Loan Officers Training Business Retail 395

Housing Wire

SEPTEMBER 24, 2022

Pink slips were issued to workers in the learning and development team, developers and support staffers in the IT department, as well as loan officers, multiple current and former employees told HousingWire. Caliber did not respond to requests for comment. Its origination volume dropped 29% to $19.1

Loan Officers 404

Loan Officers Development Mortgage Finance 404

Housing Wire

FEBRUARY 28, 2022

The mortgage industry headed into 2022 after a strong showing in back-to-back years. 2022 still holds great opportunity for the industry but it also signals a pivot point. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well.

Technology 381

Technology Clients Business Investing 381

Housing Wire

JANUARY 19, 2023

The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. He was in charge of growing the mortgage banking platform and focusing on branch development within the middle Tennessee area. After posting production volume of $148.76 Guaranty Home Mortgage originated $68.76

Retail 381

Retail Mortgage Loan Officers Lending 381

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Human Resources 441

Human Resources Mortgage Loan Officers Finance 441

Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . The company announced new hires in the sales executive team in early August.

Brokerage 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

Housing Wire

JANUARY 19, 2024

“We are proud of our record and strongly deny that Patriot Bank ever avoided originating home mortgage loans in Black and Hispanic areas of the Memphis market.” The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022.

Loan Officers 432

Loan Officers Lending Advertising Home Improvement 432

Housing Wire

JANUARY 30, 2023

The group also alleges that the company conducted a defamatory campaign against them after their layoffs in July 2022. According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. The company originated $12 billion in 2022, down 62.2%

Loan Officers 463

Loan Officers Retail Contracts Mortgage 463

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM.

Lending 379

Lending Loan Officers Training Investors 379

Housing Wire

OCTOBER 9, 2023

More than a mortgage app Developed by the company’s in-house technology team, the Rate App took two-and-a-half years to bring to market and an investment of “millions of dollars,” Ciardelli said, though he declined to provide a specific figure. Delivering value to stay relevant So what is the new app’s business benefit for loan officers?

Loan Officers 414

Loan Officers Mortgage Technology Realtors 414

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn?

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

FEBRUARY 6, 2024

The complaint adds that the bank did not track how its mortgage loan officers developed loan referrals or how they distributed the marketing materials. In 2022, settlements were made with Trident Mortgage Co., In January, Tennessee-based community bank Patriot Bank agreed to pay $1.9

Advertising 402

Advertising Lending Loan Officers Law 402

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JANUARY 27, 2023

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. The two executives moved from Fairway to Movement in August 2022 to boost the lender’s growth and develop its distributed retail sales team.

Retail 382

Retail Mortgage Loan Officers Brokerage 382

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? And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 449

Finance Real Estate Agent Real Estate Insurance 449

Housing Wire

OCTOBER 12, 2022

plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. . billion in the last 12 months through 268 active loan officers and 75 branches, according to data from mortgage tech platform Modex. Summit originated $5.2

Human Resources 401

Human Resources Loan Officers Mortgage Development 401

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Housing Wire

NOVEMBER 10, 2022

“This is about more than growing our market share – we’re bringing on phenomenal loan officers and leaders from one of the strongest independent retail mortgage lenders,” added Movement’s president Mike Brennan. . Movement says it employs more than 1,500 loan officers nationwide and has over 550 branches.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

AUGUST 30, 2021

million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods. Specifically, Cadence will provide $4.17

Lending 393

Lending Loan Officers Advertising Development 393

Housing Wire

MARCH 23, 2022

Nominations for HousingWire’s Marketing Leaders award are now open through Friday, March 25, 2022. Marketers and loan officers need to be prepared for a longer lead-nurture timeline today than the refi market frenzy we experienced the last two years,” said Jim Anderson, chief marketing officer at Finance of America Mortgage.

Finance 328

Finance Loan Officers Lending Housing Market 328

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). Then, according to the lawsuit, in late 2022, Kortas “convinced” Grella to acquire an FAA-licensed charter company called Fly Dreams, LLC.

Brokerage 400

Brokerage Business Loan Officers Legal 400

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 381

Mortgage Loan Officers Retail Technology 381

Housing Wire

AUGUST 11, 2022

What will servicing look like in 2022? That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits. In August 2021, Cadence Bank settled allegations of redlining which stemmed, in part, from the bank’s loan officers’ lack of Spanish language skills.

Lending 381

Lending Finance Loan Officers Legal 381

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 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

JANUARY 11, 2022

In addition, Redfin expects to incur a non-cash impairment charge of $2 million to $3 million on mortgage-specific, internally developed software. The workforce reduction is expected to bring $6 million to $7 million in costs and transaction advisory fees of approximately $3.5

Loan Officers 457

Loan Officers Lending Real Estate Brokerage 457

Housing Wire

MAY 31, 2023

California-based lender loanDepot has promoted Alec Hanson , the company’s senior vice president of production for the West division, to the role of chief marketing officer. The lender closed its wholesale channel in Q3 2022 after its origination volume plummeted in the face of increased broker competition.

Marketing 368

Marketing Development Mortgage Loan Officers 368

Housing Wire

JULY 12, 2023

HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department. Sources said the changes at Movement come after a shakeup to the sales team’s leadership.

Retail 370

Retail Development Finance Lending 370

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. Interfirst plans to lay off at the lender’s facility in Rosemont beginning on May 13, 2022, or within two weeks of that date.

Human Resources 381

Human Resources Loan Officers Retail Training 381

Housing Wire

DECEMBER 1, 2022

Layoffs at the site in Pewaukee, Wisconsin are “expected to commence on November 29, 2022, and to proceed until completion of wind-down in early 2023,” Buege said. The letter showed that the first round of layoffs will start on December 2 and will impact marketing staff, loan processors, underwriters and a loan officer.

Mortgage 388

Mortgage Loan Officers Buyers Business 388

Housing Wire

OCTOBER 4, 2022

The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to ​​Mary Ann McGarry, Guild Mortgage’s chief executive officer. “Think of 2020 and 2021. How much refinance business did we all do?

Mortgage 404

Mortgage Retail Loan Officers Business 404

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. A massive job cut. Ranked as the 18th largest mortgage originator, it originated $24.4

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JULY 1, 2022

VanSingel, former senior vice president at learning & organizational development at FGMC, is suing FGMC and PIMCO for not paying her 60 days of severance following her termination in February 2022. VanSingel alleges that she experienced discriminatory conduct from senior vice president of retail sales Simons in January 2022.

Human Resources 360

Human Resources Loan Officers Retail Construction 360