Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 375

Buyers Agents Loan Officers Real Estate 375

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

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. It’s the local relationships.

Mortgage 336

Mortgage Loan Officers Lending Retail 336

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.

Loan Officers 289

Loan Officers Mortgage Retail Real Estate Agent 289

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. billion in loan origination volume in 2021.

Mortgage 375

Mortgage Loan Officers Lending Real Estate Agent 375

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. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

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Mortgage Retail Lending Loan Officers 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 303

Mortgage Real Estate Agent Real Estate Clients 303

Housing Wire

JUNE 28, 2023

The expanded bank statement loan options will give mortgage brokers “another competitive edge with real estate agents and non-W2 borrowers,” the company said in a statement. The Michigan-headquartered wholesale lender initially rolled out bank statement loans for self-employed borrowers in March 2022.

Real Estate Agent 342

Real Estate Agent Insurance Lending Real Estate 342

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

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 2022, while refinance origination will dip by 62% to $860 billion from $2.26 trillion in 2021.

Marketing 382

Marketing Real Estate Agent Loan Officers Advertising 382

Housing Wire

DECEMBER 6, 2022

The builder’s real estate agent swapped in the middle of the transaction, so things got a bit mixed up and no one updated the clients’ files to reflect the change in lender,” Summers explained. “So, In turn, real estate agents are doing everything they can to ensure they get their clients into their home of choice.

Real Estate 354

Real Estate Real Estate Agent Clients Agents 354

Housing Wire

NOVEMBER 7, 2023

According to the 2023 RealTrends rankings , the team had 1,588 licensed agents who generated an average of $2.65 million in sales volume in 2022. In all, BCP agents notched $4.2 billion in sales volume in 2022 across 6,080 transaction sides. BCP operates as a team led by Al Donohue. It placed No.

Realty 400

Realty Mortgage Brokerage Agents 400

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.

Loan Officers 333

Loan Officers Insurance Mortgage Real Estate Agent 333

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

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. Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. But we are not powerless.

Real Estate Agent 410

Real Estate Agent Real Estate Agents Lending 410

Housing Wire

NOVEMBER 1, 2021

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. That means you’ve been thinking about real estate agents…a lot. They don’t even come into the office anymore.

Real Estate Agent 374

Real Estate Agent Real Estate Agents Lending 374

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ This brings me to a trend in the 2022 Tech100 nominations that was more prominent than any year I can remember — an emphasis on technology enabling headcount efficiency and cost reduction.

Real Estate 319

Real Estate Brokerage Real Estate Agent Technology 319

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

APRIL 18, 2023

As rates increased in 2022, the California lender laid off nearly 1,000 staff to cut costs and meet shrinking demand in the industry. When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. Kim: One of NAF’s priorities is on lending to the Hispanic community.

Retail 296

Retail Business Agents Loan Officers 296

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. In turn, LOs will be fighting for a piece of the mortgage pie with less rate-sensitive mortgage products, just as they did in 2022.

Renovations 379

Renovations Realtors Construction Mortgage 379

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. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 362

Lending Real Estate Agent Loan Officers Retail 362

Lamacchia Realty

JANUARY 23, 2023

This is when you will meet a loan officer from various mortgage companies. Each mortgage lender will scrutinize your financial background and use this info to determine whether to loan you money and what size monthly payment you can afford. Step 4: Find a real estate agent.

Real Estate Agent 67

Real Estate Agent Inspection Realty Real Estate 67

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 366

Loan Officers Mortgage Lending Real Estate Agent 366

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Home values are expected to continue to rise into 2022.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Real Estate 346

Real Estate Agents Real Estate Agent Clients 346

Housing Wire

MAY 23, 2022

Fannie Mae recently lowered its projected single-family mortgage origination volume for 2022 from $3 trillion to $2.8 The dedication and the attention to detail from brokers today is great, because they’re focusing to get these loans through,” said Keith Lind, CEO at Acra Lending. Reaching more and new borrowers.

Lending 334

Lending Advertising Real Estate Agent Business 334

Housing Wire

MAY 31, 2022

Chicago’s housing market started out hot in 2022. The Mortgage Bankers Association expects loan origination volume to drop to about $2.5 trillion in 2022, down significantly from last year’s $4 trillion. Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Housing Wire

AUGUST 16, 2023

over that same period but 25% below the volume of July 2022. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change. Ishbia says 2022 and 2023 are the grind-it-out years and 2024 will be a bit better.

Retail 326

Retail Real Estate Agent Business Mortgage 326

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. million in the first quarter of 2022. According to Roostify, the company handles $50 billion in loan volume every month.

Mortgage 333

Mortgage Technology Loan Officers Investing 333

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. HousingWire: What do lending executives need to understand when it comes to supporting top producers? 1 LO in the U.S.

Real Estate Agent 250

Real Estate Agent Mortgage Real Estate Training 250

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Motto, which added 60 franchises in 2022, is looking for seven business development consultants who will be tasked with selling franchises of Motto.

Mortgage 441

Mortgage Brokerage Retail Business 441

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 85

Appraisal Real Estate Agent Contracts Real Estate 85

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 billion as of June 30, up from $2.7

Investing 403

Investing Loan Officers Retail Mortgage 403

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Get started as a luxury real estate appraiser. In the October 2022 issue of the monthly Appraisal Today Newsletter.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

Appraisal 69

Appraisal Contracts Mortgage Marketing 69