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?

Loan Officers 397

Loan Officers Technology Investing Mortgage 397

Housing Wire

MARCH 6, 2024

Guaranteed Rate hired Bijoy John, former head of marketing at Newrez , as its vice president of marketing. John’s new tasks will include consumer direct marketing and the crafting of strategies for new products. What led me to Guaranteed Rate’s marketing team was Victor Ciardelli’s vision for the company.

Marketing 421

Marketing Loan Officers Retail Lending 421

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. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

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

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 421

Loan Officers Retail Lending Mortgage 421

Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. million in full year 2022.

Loan Officers 432

Loan Officers Technology Investing Realtors 432

Housing Wire

JANUARY 9, 2023

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . Late last week, the Rocket Central Marketing team announced a reorganization,” he said.

Mortgage 479

Mortgage Marketing Loan Officers Business 479

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.

Retail 410

Retail Loan Officers Lending Business 410

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” We increased our liquidity and found more buyers for our loans.

Marketing 397

Marketing Loan Officers Lending Brokerage 397

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period. million) and Hugo Ortiz-Pulido ($21.21

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

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. Executives noted that Guild will focus on seeking out additional opportunities, including potential acquisitions , particularly as the market consolidates.

Business 370

Business Mortgage Loan Officers Retail 370

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 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

APRIL 13, 2022

Movement Mortgage’s Divisional Leader, Kisha Weir , joined as a regional director with Movement’s first-ever acquisition, assuming responsibility for five new markets and has since helped propel the Pacific Northwest region to 2nd in volume with over $5.5 The post Nominations for the 2022 Women of Influence are now open!

Loan Officers 384

Loan Officers Insurance Mortgage Business 384

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 431

Loan Officers Tools Business Clients 431

Housing Wire

MAY 7, 2023

New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. Since the second half of 2022, after the big spike in mortgage rates , this data line hasn’t gotten much traction. We are roughly two months away from the seasonal decline in new listings.

Inventory 491

Inventory Housing Market Marketing New Listings 491

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.

Business 441

Business Loan Officers Law Mortgage 441

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 384

Marketing Loan Officers Business Mortgage 384

Housing Wire

JUNE 29, 2022

As market volume dips and pent-up demand builds, 61% of millennials and Gen Zs who intend to buy a home plan to apply for a mortgage this year. For years, the dominant market narrative defining these generations has been digital-first experiences and poor financial habits. Creative paths to homeownership in a challenging market.

Loan Officers 432

Loan Officers Mortgage Modernization Business 432

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. On the non-QM side, only 3% of the market has been penetrated.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . To support its strategy, the mortgage lender had about $800 million in cash as of the third quarter of 2022. .

Loan Officers 450

Loan Officers Retail Real Estate Agent Government 450

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. ” Gano’s experiences reflect what happened in the market overall. . of home sellers gave concessions to homebuyers in the fourth quarter of 2022 through money for repairs and mortgage-rate buydowns.

Sellers 527

Sellers Mortgage Loan Officers Buyers 527

Housing Wire

SEPTEMBER 15, 2023

The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. 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. market share, IMF data showed.

Loan Officers 410

Loan Officers Legal Real Estate Lending 410

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 409

Loan Officers Finance Mortgage Lending 409

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. Hanson will also be responsible for the company’s originator-led field-level marketing capabilities.

Marketing 370

Marketing Development Mortgage Loan Officers 370

Housing Wire

JULY 25, 2023

HousingWire recently spoke with Matic CEO and co-founder Ben Madick about the changing home insurance market, how it impacts mortgage lenders and homeowners, and why lenders should pay attention. HousingWire: What is the current home insurance market like? In 2022, property and casualty insurers recorded a combined ratio of 102.4%

Insurance 370

Insurance Marketing Business Mortgage 370

Housing Wire

OCTOBER 18, 2023

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. ” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed. . Take a look. All they have to do is survive.

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Appraisal Buzz

JULY 25, 2022

BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates. However, 2022’s market will only be a fraction of that, according to the latest estimates.

Buyers 195

Buyers Real Estate Agent Marketing Loan Officers 195

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. Cohen funded $751.4

Marketing 384

Marketing Mortgage Inventory Loan Officers 384

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. The new program and tool launches come as potential Hispanic home buyers face a tight housing market with historic low level of supply for affordable homes. billion in loans.

Marketing 370

Marketing Tools Loan Officers Finance 370

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. Rather, Rocket is simply focused on the purchase market now, just like most other lenders in this market. “I from the previous quarter.

Loan Officers 370

Loan Officers Mortgage Retail Real Estate Agent 370

Housing Wire

FEBRUARY 10, 2023

“I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.” in the fourth quarter of 2022. Connie Kim : Tell us about your main market. Kechian: In 2022, it was almost 90% purchase mortgages.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

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 409

Realty Loan Officers Retail Real Estate 409

Housing Wire

MARCH 15, 2022

The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. But in the most competitive purchase market in years, they’ll have to scrap, leverage social media and add a personal touch.

Realtors 441

Realtors Real Estate Agent Real Estate Agents 441

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 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. ” The seasons ahead Industry experts believe that the purchase market will recover in the spring, despite the volatility. We’ll learn more during this Summer rush.”

Mortgage 384

Mortgage Marketing Loan Officers Contracts 384

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Mortgage rates are now at their lowest level since September 2022, and are about a percentage point below the peak mortgage rate last fall, according to the Mortgage Bankers Association.

Housing Market 450

Housing Market Marketing Insurance Mortgage 450