Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. Next, ask potential BBYS vendors how they collect, retain, and safeguard your clients’ data.

Buyers 418

Buyers Loan Officers Real Estate Agent Agents 418

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 420

Real Estate Agent Real Estate Agents Loan Officers 420

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 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel. “To

Loan Officers 416

Loan Officers Clients Mortgage Construction 416

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. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

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 423

Loan Officers Tools Business Clients 423

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. Lenders will close and some others will need to merge because of the new liquidity regulations that are coming in 2023.”.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

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 409

Business Loan Officers Clients Inventory 409

Housing Wire

JANUARY 17, 2023

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good. Make a plan.

Loan Officers 405

Loan Officers Marketing Real Estate Agent Real Estate 405

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” These are the folks who are buying right now, and I you know because some of them are my clients.” trillion to $1.64

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

APRIL 16, 2024

To get a better idea of the dynamics driving this data, RMD spoke with Jon McCue, RMI’s director of client relations, for additional perspective and a breakdown of why business moved this way. That’s because those were the two lowest case number assignment months in all of 2023, McCue said. The retail channel volume decrease of 15.7%

Retail 393

Retail Mortgage Business Loan Officers 393

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom.

Housing Market 526

Housing Market Marketing Real Estate Agent Real Estate 526

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Goldman Sachs predicts a 75 bps hike at the November meeting followed by a 50 bps raise in December and a 25 bps increase in January 2023. year-over-year.

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

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. Mark Glebman, Caliber Home Loans. Housing prices started to inch down in July, but were still 14.5%

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It These clients are typically low on funds, which is why they need this type of financing. “VA loans are probably the best loans on the market.

Agents 458

Agents Sellers Buyers Finance 458

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. Our buyers are smarter than the media gives them credit for, and they’re coming in strong.

Loan Officers 356

Loan Officers Business Mortgage Clients 356

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I More buyers, I think, adjusted to this market and understand this is what it is.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

DECEMBER 27, 2023

United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. By the same measure, Guild had just 1.1% exits and 3.2%

Mortgage 420

Mortgage Retail Lending Sellers 420

Housing Wire

MARCH 6, 2023

He was cautiously optimistic for a better 2023. The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Wax said about 50 to 60% of his clients are first-time homebuyers.

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 391

Inventory Marketing Business Buyers 391

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 2023.

Housing Market 421

Housing Market Marketing Loan Officers Mortgage 421

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 431

Business Mortgage Loan Officers Inventory 431

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile.

Buyers 410

Buyers Mortgage Sellers Investing 410

Housing Wire

SEPTEMBER 8, 2022

Mike is an experienced mortgage loan officer. He knew it would be really tough to maintain the relationships with his partners and clients from a hospital bed. In 2000, Mike’s company used a CRM capable of automating the marketing for its loan officers. He is alive and well and still originating loans in Seattle.

Business 431

Business Marketing Technology Tools 431

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? But somebody has to replace the Fed, and the Fed is not an economic buyer. So they are a policy buyer. Are you optimistic this trend will continue?

Housing Market 450

Housing Market Marketing Buyers Investors 450

Housing Wire

APRIL 14, 2022

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. billion of unutilized loan funding capacity as of Dec. The closer, the better. in consumer direct and 2.3%

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 464

Real Estate Agent Loan Officers Real Estate Agents 464

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. trillion in 2023. Cohn said she has three or four loans with clients who haven’t locked rates yet. “I

Mortgage 384

Mortgage Investors Clients Marketing 384

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

MARCH 27, 2023

After the FDIC seized control of SVB on March 10, the bank regulator has since been looking for a buyer for the bank either in its entirety or in pieces. billion since the start of 2023. As HousingWire reported earlier in March, SVB operated as a portfolio lender in the residential mortgage space, holding loans on its balance sheet.

Insurance 79

Insurance Loan Officers Mortgage Clients 79

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. In August 2023, its latest forecast was for rates to end the year at 6.2%.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

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 429

Loan Officers Mortgage Lending Real Estate Agent 429

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 billion in the first quarter of 2023, down 31.6% IMF data suggests BofA’s production in Q1 2023 was $2.8 year over year.

Marketing 366

Marketing Retail Mortgage Investors 366