Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. of the total market originations in the second half of 2022, up from 14.5% How is an LO supposed to keep that in their head? in the second half of 2021.

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Loan Officers Technology Investing Mortgage 360

Housing Wire

MAY 2, 2024

one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loan officers to ML Mortgage. Department of Agriculture (USDA) loans, as well as down payment assistance programs. But it continued to serve retail clients throughout the western U.S.

Retail 397

Retail Loan Officers Mortgage Lending 397

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officers 335

Loan Officers Mortgage Retail Lending 335

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. In 2022, Abraham ranked as the No. His team will be making the move with him.

Loan Officers 385

Loan Officers Retail Lending Mortgage 385

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 425

Loan Officers Human Resources Contracts Mortgage 425

Housing Wire

OCTOBER 2, 2023

BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. When retail loan originators visit the website, LOs are asked to fill out their names, contact information and comments or questions about wholesale lending.

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Retail Loan Officers Lending Business 410

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? With homes taking longer to sell, due in part to higher mortgage rates, buyers in 2022 had negotiating power to get concessions or credits to lower rates down for a limited period. over asking price.

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Housing Market Marketing Real Estate Agent Real Estate 515

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 , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 420

Mortgage Loan Officers Lending Human Resources 420

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

Loan Officers 365

Loan Officers Mortgage Finance Lending 365

Housing Wire

MARCH 28, 2024

million in full year 2022. The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. Better posted a GAAP net loss of $59.5

Loan Officers 405

Loan Officers Technology Investing Realtors 405

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022.

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Business Loan Officers Law Mortgage 429

Housing Wire

APRIL 13, 2022

SVP at Academy Mortgage Corporation , Kim Wolcott , has overseen production growth by establishing new branch locations, recruiting top talent and mentoring loan officers and other team members across the region. The post Nominations for the 2022 Women of Influence are now open! billion in total volume.

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Loan Officers Insurance Mortgage Business 358

Housing Wire

NOVEMBER 21, 2023

21, the company had 1,826 loan officers and 401 active branches, per the Nationwide Multistate Licensing System (NMLS). It claims that in 2022, it added a net 5% in personnel while most companies saw a net decrease of 24% in workforce. 21, NMLS showed the lender had eight loan officers and 13 branches.

Loan Officers 376

Loan Officers Retail Lending Renovations 376

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.

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Loan Officers Brokerage Retail Construction 421

Housing Wire

OCTOBER 5, 2023

Shirley Gary, Tracy Allen, Realty Group , and the Advanced Super Team ranked highest in AREAA’s real estate sales list, while Shashank Shekhar and Joanna Yu topped the loan originators rankings. billion in sales volume from 20,472 transaction sides in 2022. million in 2022 and was 77th in RealTrends ’ “The Thousand” ranking.

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Real Estate Real Estate Agent Loan Officers Realty 362

Housing Wire

DECEMBER 12, 2023

“We would prefer to be picking up the loan officers without the branches, without physical locations because we’re trying to backfill into where we have existing retail opportunities and we have space.” In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period.

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Loan Officers Retail Lending Mortgage 417

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 356

Loan Officers Marketing Retail Renovations 356

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 356

Business Mortgage Loan Officers Retail 356

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 384

Loan Officers Tools Business Clients 384

Housing Wire

JUNE 29, 2022

New data released in Maxwell’s 1H 2022 Millennial & Gen Z Borrower Sentiment Report , however, goes beyond simplistic stereotypes by digging into the needs, habits and preferences of 1,000 respondents planning to apply for a mortgage over the next few years. As such, personal support is important to this demographic.

Loan Officers 425

Loan Officers Mortgage Modernization Business 425

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 522

Mortgage Marketing Retail Lending 522

Housing Wire

JANUARY 11, 2023

To support its strategy, the mortgage lender had about $800 million in cash as of the third quarter of 2022. . For most of 2022, UWM had an aggressive pricing strategy in place to gain market share and attract loan officers from the retail to the wholesale channel.

Loan Officers 450

Loan Officers Retail Real Estate Agent Government 450

Housing Wire

FEBRUARY 21, 2024

Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans. “I

Mortgage 392

Mortgage Loan Officers Clients Lending 392

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. According to a new Redfin report, a record 41.9%

Sellers 527

Sellers Mortgage Loan Officers Buyers 527

Housing Wire

MARCH 6, 2024

John joined Newrez in June 2018 as vice president of marketing and was promoted to head of marketing in 2022. While at Newrez, he was named as HousingWire’s 2022 Marketing Leader and was a 2019 Rising Star award winner for scaling Newrez’s retention business. Newrez declined to comment on John’s departure.

Marketing 394

Marketing Loan Officers Retail Lending 394

Housing Wire

SEPTEMBER 15, 2023

The firm alleges that Bati worked at Guaranteed Rate Affinity from June 2021 to January 2022 and should have returned the signing bonuses within 10 days after her departure. Gifoli served as a loan officer from May 2021 to October 2021. Despite repeated demands, Bati has refused to repay, the lawsuit states.

Loan Officers 395

Loan Officers Legal Real Estate Lending 395

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 388

Loan Officers Agents Retail Technology 388

Housing Wire

FEBRUARY 15, 2024

Conventional loans account for 95% of Better’s portfolio, with the remaining 5% tied to other products such as jumbo loans. The lender’s overall production fell from $57 billion in 2021 to $11 billion in 2022. billion in Q3 2022. “VA VA loans are 12% of the mortgage market,” Garg said. “So,

Loan Officers 364

Loan Officers Finance Mortgage Lending 364

Housing Wire

JANUARY 29, 2024

district court in Michigan against Atlantic Trust Mortgage Corporation, a Florida-based broker shop with 18 loan officers, per the Nationwide Multistate Licensing System (NMLS). and America’s MoneyLine (AML) in February 2022 for breaching their contracts by continuing to selling loans to Rocket and Fairway.

Contracts 436

Contracts Loan Officers Lending Retail 436

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage. In 2022, AmeriFirst closed $2.5

Loan Officers 348

Loan Officers Mortgage Real Estate Agent Business 348

Housing Wire

APRIL 20, 2023

Distributed retail lender Guild Mortgage has picked up a top-producing team of loan officers, branch managers and back-office staff in California from rival retail shop Fairway Independent Mortgage. In 2022, it did about $1.9

Loan Officers 365

Loan Officers Retail Mortgage Investing 365

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 363

Loan Officers Training Business Retail 363

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. “We

Technology 352

Technology Clients Business Investing 352

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. Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc.

Loan Officers 368

Loan Officers Mortgage Development Lending 368

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 318

Loan Officers Mortgage Retail Real Estate Agent 318

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. In 2023, he closed $925 million in loan origination volume, with 1,617 loans, which put him as the top originator on Scotsman Guide ’s top originators list.

Realty 356

Realty Loan Officers Retail Real Estate 356

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 397

Retail Loan Officers Legal Technology 397