Housing Wire

OCTOBER 9, 2023

Users can compare current mortgage rates , and use a mortgage payment calculator, a home-value estimator and online loan applications. Users can also find local loan officers when they are ready to buy a home or inquire about another financial product that Guaranteed Rate offers. As of Oct. As of Oct.

Loan Officers 421

Loan Officers Mortgage Technology Realtors 421

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 397

Loan Officers Agents Retail Technology 397

Housing Wire

JUNE 5, 2024

He is deeply involved with the regional Realtor, builder and mortgage communities and has built an impressive, two-decade track record leading top-producing teams. loanDepot and Movement Mortgage are embroiled in an ongoing legal battle over allegations that Movement poached more than two dozen loan officers in late 2021 and early 2022.

Loan Officers 416

Loan Officers Legal Development Mortgage 416

Housing Wire

SEPTEMBER 7, 2023

That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.” There will likely be fewer Realtors, the sales volume will be handled by fewer Realtors.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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

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 384

Lending Loan Officers Training Investors 384

Housing Wire

FEBRUARY 28, 2023

billion in June 2022 to $460 million in December 2022. Consequently, the lender imposed one round of layoffs last year, slashing about 4% of its team members to just over 1,400 employees as of the end of 2022, Messer said in a recent interview with HousingWire.

Lending 384

Lending Loan Officers Government Realtors 384

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8% EPM originated $1.05

Retail 397

Retail Loan Officers Business Lending 397

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

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 363

Finance Loan Officers Lending Housing Market 363

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

SEPTEMBER 21, 2022

billion users by the end of 2022, with many users falling under the Millennial and Gen Z umbrellas. The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Your future borrowers could be – the social media app is expected to reach 1.8

Loan Officers 370

Loan Officers Buyers Mortgage Realtors 370

Housing Wire

FEBRUARY 10, 2023

.” While his origination volume dropped by about 55% to $378 million in 2022 from the previous year, Kechian is confident he could capitalize on the purchase market by tapping into the network he’s been building with realtors over the last year. “We We feel like we picked up more market share in 2022,” Kechian said.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

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. Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021.

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. They ask their Realtor or trusted friend or family member for a referral.

Business 417

Business Loan Officers Real Estate Agent Real Estate 417

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors.

Mortgage 421

Mortgage Loan Officers Technology Real Estate 421

Housing Wire

AUGUST 7, 2023

Despite a harsh housing landscape, Rocket Companies , the parent of Rocket Mortgage , performed better than expected in the second quarter of 2022. Rocket has been on a local loan officer hiring spree, an initiative that the company has accelerated this year with refis drying up. million in Q2 2022. million in Q2 2022.

Advertising 370

Advertising Clients Loan Officers Finance 370

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. In 2021, Guaranteed Rate originated more than $116 billion in purchase loans and refinances. billion in loans.

Marketing 370

Marketing Tools Loan Officers Finance 370

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Renovations 410

Renovations Realtors Construction Mortgage 410

Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. to a seasonally adjusted annual rate of 4.8 Existing home sales are down 19.9%

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

AUGUST 24, 2022

From sky-high home prices to fluctuating mortgage rates and staffing changes, it is no wonder that Realtors, loan officers and other industry professionals are feeling burnt out. It has been a nonstop year for the housing industry. CEO Playbooks (Vanguard Forum by invitation only).

Real Estate 368

Real Estate Loan Officers Design Realtors 368

Housing Wire

DECEMBER 3, 2021

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. HousingWire: What do you think will be t he big themes for the housing market in 2022?

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 410

Business Loan Officers Clients Inventory 410

Riverfront Appraisals

JANUARY 12, 2022

Most recently, I’ve focused on the homeowner and the loan officer. All throughout 2022, my focus will be on helping Realtors understand a little more about appraisals. For the past couple of years, I’ve been blogging about appraisal topics for various audiences.

Loan Officers 99

Loan Officers Realtors Appraisal Housing Market 99

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Parker is a HousingWire 2022 Mortgage Marketing Leader with a focus on business development and marketing.

Loan Officers 369

Loan Officers Business Mortgage Clients 369

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 410

Agents Real Estate Agent Brokerage Real Estate 410

Housing Wire

NOVEMBER 7, 2023

Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. Of the $400 billion mortgage origination volume in the second quarter of 2023, FHA and VA share of loan volume consisted of 22.9%, up from 18% in Q2 2022, data from Inside Mortgage Finance (IMF) and the Urban Institute showed.

Agents 458

Agents Sellers Buyers Finance 458

Housing Wire

JUNE 16, 2022

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. trillion in new loans in 2020 and $3.9 trillion in 2022 and $2.3

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

NOVEMBER 14, 2022

TH: Despite a turbulent end to 2022, I feel strongly that the 2023 outlook for non-QM is quite promising. Once that happens, the product and pricing of non-QM loans will stabilize, bringing with it more certainty about this part of the industry. HW: What is the outlook for non-QM in 2023?

Lending 431

Lending Investors Loan Officers Technology 431

Housing Wire

AUGUST 3, 2023

The second quarter production represents a 35% drop compared to the same period in 2022. billion in sold loans through its direct-to-consumer channel and $9.6 HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As

Clients 370

Clients Business Inventory Mortgage 370

Housing Wire

MARCH 2, 2023

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I While prices are down from their summer peaks and price growth has declined significantly, the median home price nationally is slightly higher than it was at the beginning of 2022.

Mortgage 441

Mortgage Buyers Loan Officers Marketing 441

Housing Wire

SEPTEMBER 30, 2022

Another 125 basis points in hikes are still to come in 2022, with a federal funds rate topping out well above 4%. It’s transitioning to a buyers’ market, as 20% of sellers had a price reduction in August 2022, compared with 11% a year ago,” said Rich Weidel, CEO at Princeton Mortgage. James Kleimann contributed to this report.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. through the rest of 2022. in mid-June,” Yun added.

Housing Market 306

Housing Market Marketing Loan Officers Buyers 306

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

FEBRUARY 8, 2022

And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”. They’ll be based at brick-and-mortar branches and going out into their communities and building customers for Realtors and affinity partners.”. billion,” and that non-QM volume is projected to expand to $5 billion for 2022.

Marketing 370

Marketing Retail Lending Mortgage 370

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