Housing Wire

JANUARY 12, 2024

As a group, the trio originated about $80 billion in mortgages in 2023, down from nearly $218 billion the prior year – a $138 billion decline (63%). Wells Fargo, for example, shrunk its mortgage business dramatically in 2023, per filings with the Securities and Exchange Commission (SEC). billion in 2023. billion from $4.2

Mortgage 419

Mortgage Lending Retail Business 419

Housing Wire

NOVEMBER 2, 2023

Real estate agents are always looking for vetted, high-quality leads — and especially so during 2023 market conditions. These providers offer a rapid and cost-effective means for real estate agents to gather a list of potential clients and ultimately boost sales. The name of the game here is search traffic and lead generation.

Real Estate 403

Real Estate Real Estate Agent Tools Agents 403

Housing Wire

SEPTEMBER 27, 2023

The top three opportunities mortgage pros see are new construction (15.3%), first-time homebuyers (14.5%) and cultivating referrals and building new relationships with buyers, builders and agents (13%), according to HousingWire ‘s Q4 2023 LenderPulse survey. About 37% of respondents were spending money in social media and 34.8%

Housing Market 423

Housing Market Mortgage Marketing Inventory 423

Housing Wire

DECEMBER 13, 2022

As brokers and LOs close out a challenging year and set their sights on 2023, it could be tempting to take a pessimistic view. However, there are actionable steps and strategies they can take to ensure 2023 is as profitable as possible. Most industry observers expect 2023 to be much more consistent.

Clients 405

Clients Technology Real Estate Agent Business 405

Housing Wire

FEBRUARY 2, 2023

In turn, the mortgage service company plans to capitalize on cross-selling products to clients, large home lending banks investing in their legacy infrastructure and increasing sales to new mortgage shops in 2023. “We Impacted mortgage professionals who are starting mortgage shops are becoming new ICE clients, executives said.

Technology 370

Technology Mortgage Clients Lending 370

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. The lower comp rate stung.

Loan Officers 478

Loan Officers Clients Law Legal 478

Housing Wire

AUGUST 18, 2023

Magazine ’s 5000 list for 2023, a ranking of the fastest-growing companies in the U.S. Last year , over 60 real estate brokerage firms or real estate teams made the list, but this number shrank to just 36 in 2023. 5000 – 2023 CityLight Homes came in as the top-ranked real estate brokerage or team in 2023, claiming the No.

Brokerage 369

Brokerage Real Estate Realty Real Estate Agent 369

Housing Wire

AUGUST 29, 2023

The second quarter 2023 was a boon for real estate teams, beating out financial performance in Q1 2023 , according the Streamlined Quarterly Team Benchmarking Report, which looked at the financial performance of more than 200 teams across the nation. Steamlined, based in Arizona, has a roster of hundreds of U.S. of GCI to 49.3%

Real Estate 350

Real Estate Brokerage Business Clients 350

Housing Wire

OCTOBER 27, 2022

They stepped up for their people, they stepped up for their clients, and they used it as an opportunity because it was a really difficult and changing time, and the same thing is going to happen,” Banosian said. Whether or not you succeed in 2022 and 2023 begins with looking at what you can do to help your team navigate this time.

Loan Officers 394

Loan Officers Clients Mortgage Marketing 394

Housing Wire

JANUARY 12, 2023

Mortgage industry watchers have started 2023 with optimism regarding the possibility of mortgage rates returning to the 5% range this year – but not without a dose of volatility on the way. “The mortgage market began 2023 on a positive note, with a decline in mortgage rates leading to an uptick in refinance applications.

Mortgage 505

Mortgage Marketing Investors Clients 505

Lamacchia Realty

JANUARY 29, 2024

The Award for Most Acquired Clients is presented to the REALTOR® who signed up the most buyers and/or sellers in the company during a given year. We excited to announce that the 2023 award winner is Eileen Doherty! Eileen earned this recognition by signing up an impressive 86 clients in 2023! Congratulations Eileen!”

Clients 52

Clients Realtors Realty Real Estate 52

Housing Wire

APRIL 9, 2024

It’s supported by Varun Krishna , a veteran in the financial technology world and former executive at Intuit and PayPal , who was appointed as the company’s new CEO in July 2023, replacing Bob Walters. It lets clients know quickly if they are qualified for a mortgage. In 2023, the firm lost money , with a GAAP net loss of $390 million.

Clients 428

Clients Technology Investing Finance 428

Housing Wire

AUGUST 14, 2023

The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool. The feature , published earlier this month, noted that Rocket embarked on a local LO hiring spree in 2023 to capture purchase market business from real estate agent connections. The Detroit-based lender generated $22.3

Loan Officers 353

Loan Officers Mortgage Real Estate Agent Real Estate 353

Housing Wire

MARCH 13, 2023

Follow along for our tips on how to craft your marketing strategy to set yourself up for success in 2023. Your potential clients are looking for experts to guide them through what could be the most significant financial decision of their lives. Remember that your clients may not know the difference! You’re an expert.

Insurance 339

Insurance Clients Business Marketing 339

Housing Wire

APRIL 29, 2024

The Austin, Texas-based lender will continue offering small-balance commercial and business purpose debt service coverage ratio (DSCR) loans to its clients, CEO John Eisinger told HousingWire Monday morning. He said Stronghill is in the process of alerting clients whose loans were in the pipeline so they could transition to another lender.

Lending 447

Lending Clients Business Real Estate 447

Housing Wire

JANUARY 18, 2023

The brutal low origination volume and industry consolidation that occurred for lenders in 2022 isn’t expected to turn around, at least not drastically, in 2023, according to Fitch Ratings. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 460

Housing Market Marketing Insurance Mortgage 460

Housing Wire

DECEMBER 14, 2022

Whether additional volume comes from an uptick in foreclosure activity or onboarding new clients, we have vendors that are hungry for it.”. 2023 outlook on property preservation. As Safeguard continues to service its clients well, he hopes that the company will pick up a larger part of the market share. Safeguard’s technology.

Inspection 386

Inspection Clients Technology Training 386

Housing Wire

MAY 8, 2024

million net loss reported in Q1 2023. million, compared to Q1 2023’s free cash-flow loss of $59 million. First, more buyers are using agents in 2023 than in 2003. Additionally, data from RealTrends shows that the average commission actually rose in 2023 to 5.5%, up from 5.1% That is an improvement over its $150.2

Agents 390

Agents Brokerage Real Estate Clients 390

Housing Wire

APRIL 8, 2024

As part of the agreement, NAR members and their clients will be eligible to receive exclusive rates and discounts on mortgages , student loan refinancing, and personal loans, among other perks. million clients and has branched out into mortgages, car loans, personal loans and more.

Realtors 444

Realtors Clients Insurance Mortgage 444

Housing Wire

MAY 7, 2024

He’s replacing Gibson, who spent nearly five years leading the TPO channel and focusing on client experience. billion in mortgages through its third-party originator channel in 2023, making it the ninth-largest U.S. According to Inside Mortgage Finance (IMF) estimates, Flagstar produced $14.2 lender in the space.

Finance 353

Finance Lending Clients Investing 353

Housing Wire

FEBRUARY 23, 2024

Rocket Companies , the parent of Rocket Mortgage , lost money in 2023 , but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Rocket’s stock price rose to $11.75 per share at market open on Friday, up from $10.98

Clients 418

Clients Investing Real Estate Agent Mortgage 418

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%. Read on for more about Gallo’s business strategies for 2023, his general take on LO compensation and prospects for the housing market.

Business 414

Business Loan Officers Clients Inventory 414

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. LOs are aligning their strategies to target the purchase market, as rates are not expected to drop in a meaningful way in 2023.

Renovations 422

Renovations Realtors Construction Mortgage 422

Inman

JANUARY 9, 2024

With the addition of new partners serving 713,865 members, myCUmortgage says it's now helping nearly 200 credit unions originate, underwrite and service conventional and government-backed home loans.

Clients 142

Clients Government Technology Mortgage 142

Housing Wire

AUGUST 1, 2023

Congratulations to the 2023 Women of Influence winners. Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

FEBRUARY 22, 2024

The partnership comes amid wire and title fraud risk reaching an all-time high in fourth-quarter 2023. In Q4 2023, problematic loans had an average of 2.2 Closing protection letter (CPL) issues were found on 49% of transactions, CPL validation issues on 8% of transactions and wire risks on 9% of transactions in Q4 2023. “As

Clients 356

Clients Real Estate Insurance Technology 356

Cleveland Appraisal Blog

APRIL 26, 2023

Join us in this article as we discuss the many different benefits of a Ventura Realtor when buying land in 2023 and why you should consider this as an option before you take the long road all by yourself. Using a realtor to buy land in 2023 has many benefits as we have just seen. Let’s get started. Should you get a Realtor?

Realtors 277

Realtors Buyers Real Estate Agent Appraisal 277

Housing Wire

APRIL 20, 2023

“Don’t ever take your clients for granted. ” — Kara Taylor , executive vice president of marketing at ATTOM Nominations for the 2023 HW Marketing Leaders will close today, April 21st — don’t miss your chance to be ranked among some of the industry’s top marketing execs! Click here to nominate someone.

Marketing 341

Marketing Housing Market Real Estate Tools 341

Housing Wire

MAY 8, 2024

Because of an apparent error made by staff at ICE Mortgage Technology ‘s Surefire customer relationship management (CRM) platform, more than 600,000 emails and texts were sent without permission to real estate agents, business partners and past clients of loan officers around the country. “We were in the dark for way too long.

Clients 337

Clients Real Estate Agent Technology Loan Officers 337

Housing Wire

MAY 6, 2024

Launched in November 2023, Sidekick features many functionalities, including real-time market and property data retrieval abilities, valuation analyses and a suite of productivity tools for real estate professionals. “The Sidekick users will have the opportunity to do a variety of tasks through a conversational interface.

Realtors 409

Realtors Real Estate Agents Brokerage 409

Housing Wire

APRIL 23, 2024

“TomAI is helping me more than any other AI tool out there,” Tracy Duggan, a Memphis-based agens and Tom Ferry coaching client, said in a statement. A beta version of the tool launched in August 2023 for Tom Ferry coaching clients. or 8 p.m.”

Tools 341

Tools Real Estate Training Real Estate Agent 341

Housing Wire

APRIL 8, 2024

In addition to the monetary award, Real has also agreed to implement business policy changes as part of the settlement, including “clarifications about the negotiability of commissions, prohibitions on claims that buyer agent services are free, and the inclusion of listing broker compensation offers in communications with clients.”

Brokerage 377

Brokerage Real Estate Agent Real Estate Clients 377

Housing Wire

APRIL 23, 2024

Rocket Mortgage launched a new artificial intelligence (AI) tool on Tuesday that allows its client experience teams to analyze sentiment, record behavior patterns, transcribe conversations and create tailored experiences during customer interactions. In 2023, the Detroit-headquartered lender generated $78.7 million in loans serviced.

Tools 381

Tools Clients Investing Finance 381

Housing Wire

JANUARY 22, 2024

I’m thrilled to welcome Dave and the entire PREMIERE team to Real and to be able to provide a platform that helps them achieve their national expansion goals in a manner that supports their culture and dedication to serving clients.” 7 ranking in the state in the 2023 rankings. Keener’s teamerage was ranked No. million.

Brokerage 462

Brokerage Agents Realty Clients 462

Housing Wire

OCTOBER 3, 2023

With this integration, eXp agents will be able to request a cash offer on qualifying homes on behalf of their clients directly through their eXp agent dashboard. This is a huge win for our agents and their clients,” Leo Pareja , eXp Realty’s chief strategy officer, said in a statement.

Realty 443

Realty Brokerage Agents Clients 443

Housing Wire

FEBRUARY 21, 2024

helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023. C2 has the support and allows more options for my clients. His knowledge and experience in the reverse mortgage industry will be invaluable to our clients and loan officers.

Mortgage 410

Mortgage Loan Officers Clients Lending 410

Housing Wire

JANUARY 31, 2024

Dark Matter Technologies (DMT) tapped Tony Fox, former director of ICE Mortgage Technology , as its new chief of client engagement. Fox is responsible for directing the company’s account management and client success teams. He will report to Sean Dugan, chief revenue officer at DMT.

Mortgage 418

Mortgage Technology Clients Development 418