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. Blend’s mortgage banking software processed 23.2% of the total market originations in the second half of 2022, up from 14.5%

Loan Officers 349

Loan Officers Technology Investing Mortgage 349

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp.

Mortgage 384

Mortgage Loan Officers Clients Lending 384

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. 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.

Mortgage 420

Mortgage Loan Officers Lending Human Resources 420

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to the Mortgage Bankers Association (MBA), mortgage applications rose 1.2% Concessions, mortgage rate buydowns save deals. According to a new Redfin report, a record 41.9%

Sellers 527

Sellers Mortgage Loan Officers Buyers 527

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Retail 347

Retail Mortgage Loan Officers Real Estate 347

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. A 50%-plus net share of all U.S. The survey showed that a net 25.5%

Lending 476

Lending Mortgage Loan Officers Government 476

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator. In 2022, Abraham ranked as the No. Abraham produced $69.5

Loan Officers 375

Loan Officers Retail Lending Mortgage 375

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 416

Loan Officers Human Resources Contracts Mortgage 416

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) The companies are U.S.-based,

Loan Officers 366

Loan Officers Mortgage Development Lending 366

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial. In 2022, AmeriFirst closed $2.5

Loan Officers 339

Loan Officers Mortgage Real Estate Agent Business 339

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. billion during the same time period, according to mortgage recruiting platform Modex.

Mortgage 414

Mortgage Retail Loan Officers Finance 414

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.

Real Estate 351

Real Estate Real Estate Agent Loan Officers Realty 351

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. 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. About 16.8%

Retail 410

Retail Loan Officers Lending Business 410

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender.

Loan Officers 421

Loan Officers Mortgage Technology Realtors 421

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. The first half of the year, with mortgage rates in the 3s and 4s, was like “Fast and Furious.” But the housing market in the second half of 2022? A mortgage rate lockdown freezes the housing market. over asking price.

Housing Market 509

Housing Market Marketing Real Estate Agent Real Estate 509

Housing Wire

MARCH 13, 2023

Retail lender Guild Mortgage announced the acquisition of Cherry Creek Mortgage , a privately-held Colorado-based lender with 68 branches in 45 states. Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans.

Mortgage 363

Mortgage Retail Renovations Loan Officers 363

Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed.

Brokerage 479

Brokerage Mortgage Loan Officers Real Estate Agent 479

Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Waggoner’s professional career spans 18 years in the mortgage industry. Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. Presented by: Polly.

Loan Officers 355

Loan Officers Mortgage Technology Tools 355

Housing Wire

AUGUST 28, 2023

Retail lender Guild Mortgage announced Monday the acquisition of First Centennial Mortgage, a privately-held Illinois-based lender with 15 branches predominantly in the Midwest and a presence in 17 states. Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment.

Mortgage 356

Mortgage Retail Loan Officers Construction 356

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. billion in the fourth quarter of 2022 from $4.4

Retail 384

Retail Mortgage Loan Officers Technology 384

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. 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 408

Human Resources Mortgage Loan Officers Finance 408

Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. branches since December 2022, APM confirmed. Not every loan officer that wanted to join APM was hired, however. In July, the California lender bought Tucson, Arizona-based Sunstreet Mortgage , Lowman said. .

Loan Officers 350

Loan Officers Mortgage Training Finance 350

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. 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). 3, indicating a voluntary surrender.

Business 423

Business Loan Officers Law Mortgage 423

Housing Wire

MARCH 23, 2023

Buyers continue to feel the pinch from high mortgage rates and still-elevated home prices. An increase in MBA’s PAPI – indicative of declining borrower affordability conditions – means that the mortgage payment to income ratio is higher due to increasing application loan amounts, rising mortgage rates or a decrease in earnings.

Mortgage 355

Mortgage Loan Officers Inventory Buyers 355

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 306

Loan Officers Mortgage Retail Real Estate Agent 306

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officers 354

Loan Officers Mortgage Finance Lending 354

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. . Rocket Mortgage, like all mortgage lenders , was hurt by surging mortgage rates in 2022.

Mortgage 475

Mortgage Marketing Loan Officers Business 475

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. billion, data from Inside Mortgage Finance showed.

Loan Officers 414

Loan Officers Retail Lending Mortgage 414

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 396

Loan Officers Technology Investing Realtors 396

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.

Loan Officers 421

Loan Officers Brokerage Retail Construction 421

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021.

Mortgage 428

Mortgage Lending Law Loan Officers 428

Housing Wire

NOVEMBER 10, 2022

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes. Mortgage Network funded $2.5

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. 21, the company had 1,826 loan officers and 401 active branches, per the Nationwide Multistate Licensing System (NMLS). year over year.

Loan Officers 365

Loan Officers Retail Lending Renovations 365

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).

Loan Officers 350

Loan Officers Marketing Retail Renovations 350

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. The mortgage lender hopes to boost volume in the channel. The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans.

Retail 363

Retail Mortgage Loan Officers Lending 363

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. 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.

Mortgage 375

Mortgage Loan Officers Government Buyers 375