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 456

Loan Officers Clients Law Legal 456

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. The post Real estate brokerage Radius unveils mortgage-lending arm appeared first on HousingWire.

Brokerage 397

Brokerage Real Estate Lending Mortgage 397

Housing Wire

AUGUST 1, 2023

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. Congratulations to the 2023 Women of Influence winners.

Real Estate 370

Real Estate Realty Lending Mortgage 370

Housing Wire

MAY 7, 2024

Industry veteran John Gibson is leaving the company to pursue other opportunities, and he will be replaced by Rich Hoffman as senior vice president and head of TPO lending. He’s replacing Gibson, who spent nearly five years leading the TPO channel and focusing on client experience. lender in the space. lender in the space.

Finance 364

Finance Lending Clients Investing 364

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. They will continue investing in new technologies and lending programs.

Clients 389

Clients Technology Real Estate Agent Business 389

Housing Wire

FEBRUARY 21, 2024

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. helped grow that company’s division after a series of changes and a reorganization of its leadership structure in 2023. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I

Mortgage 393

Mortgage Loan Officers Clients Lending 393

Housing Wire

MAY 14, 2024

“Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I I look forward to working closely with the talented team at Atlas VMS to elevate our appraisal management services and create value for our clients.“

Appraisal 382

Appraisal Valuation Retail Clients 382

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 441

Housing Market Marketing Insurance Mortgage 441

Housing Wire

MAY 28, 2024

.” Incenter has businesses focused on capital markets, loan diligence, student lending, insurance, property tax, accounting and marketing. According to Parrish, some of Incenter’s clients, such as IMBs, face pressures from the market downturn. “Those customers are having a tough time right now,” Parrish said.

Property Taxes 358

Property Taxes Lending Insurance Investors 358

Housing Wire

NOVEMBER 27, 2023

HousingWire recently spoke with David Bernard, senior managing director of Specialized Mortgage Services at Western Alliance Bank , Member FDIC, about warehouse lending and how the warehouse sector and mortgage finance have progressed and continue to evolve. DB: Warehouse lending has evolved beyond traditional boundaries.

Lending 354

Lending Finance Clients Client Relationships 354

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 359

Loan Officers Mortgage Real Estate Agent Real Estate 359

Housing Wire

APRIL 12, 2024

We do not know how these factors will play out, but we must prepare the Firm for a wide range of potential environments to ensure that we can consistently be there for clients,“ Dimon said in a prepared statement. Compared to Q1 2023, unpaid principal balance (UPB) decreased by 18%. billion in Q4 2023 and up from $7.7

Mortgage 404

Mortgage Retail Lending Business 404

Housing Wire

JUNE 20, 2023

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. billion through TPO in Q1 2023, down 67.2% His expertise is in building product breadth and pricing strategies for clients.

Business 350

Business Mortgage Retail Lending 350

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 356

Investing Mortgage Lending Loan Officers 356

Housing Wire

MARCH 5, 2024

Enhancing our clients’ tech stacks with simple, digital-first tools is the foundation of our company’s mission, and it’s integrations like these that help us further that mission,” Patrick O’Brien, LenderLogix co-founder and CEO, said in a statement. “The

Clients 381

Clients Insurance Tools Lending 381

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Technology 378

Technology Retail Lending Design 378

Housing Wire

OCTOBER 30, 2023

In his new position, Schneider will oversee “Cenlar’s banking, financial, client management, core operations, default operations, borrower operations, transfer operations and project management businesses,” according to a press release. Mezzasalma joined Cenlar in 2015 as vice president and chief accounting officer.

Project Management 413

Project Management Lending Finance Clients 413

Housing Wire

MARCH 5, 2024

The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. With their incredible resources, we’re now equipped to serve our clients and partners better than ever before,” Abraham said in a LinkedIn post on Tuesday. million in volume in 2023, data from Modex showed.

Loan Officers 387

Loan Officers Retail Lending Mortgage 387

Housing Wire

DECEMBER 6, 2022

Even with the introduction of more digital tools to provide home buyers with a technology-enabled user experience, Spanish-speaking borrowers often encounter obstacles to homeownership during the lending process. To learn about catering to your Spanish speaking client base, visit Maxwell.com.

Lending 381

Lending Business Housing Market Mortgage 381

Housing Wire

FEBRUARY 21, 2024

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 409

Retail Tools Lending Clients 409

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 402

Renovations Realtors Construction Mortgage 402

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The transaction doubled Planet’s clients base in the correspondent space, with 60% of these clients delivering loans monthly to the lender, Dubeck said. million in cash.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

JUNE 11, 2024

In fact, the critical defect rate for the fourth quarter of 2023 was 1.53%, which ranks amongst the lowest rates we’ve observed since the report’s inception in 2016. From our clients’ perspective, many felt that the writing was on the wall, so to speak, in terms of Fannie Mae’s expectations.

Lending 335

Lending Clients Mortgage Training 335

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 365

Tools Clients Investing Finance 365

Housing Wire

MAY 2, 2024

But it continued to serve retail clients throughout the western U.S. Mortgage platform Modex shows that ML Mortgage originated about $135 million in loans in 2023. One idea would be a ”builder that wants to add a lending arm,” he added. Its management team is not joining ML Mortgage, Delehanty said.

Retail 398

Retail Loan Officers Mortgage Lending 398

Housing Wire

JANUARY 9, 2024

Before that, he was CEO of consumer lending and a member of the operating committee at Wells Fargo , responsible for over 40,000 team members. Previously, he served as CEO of Chase Home Lending at JPMorgan Chase , where he spent 16 years. Mr. Cooper was the target of a cybersecurity attack in 2023.

Lending 366

Lending Clients Technology Mortgage 366

Appraisal Buzz

MARCH 25, 2024

Warehouse lending software provider Forta Solutions hit a milestone recently: the funding of its first loan through its SaaS warehouse lending platform, Agility, which launched in October 2023. The post Forta Solutions Reports First Warehouse Loan Funded Through its Agility Platform appeared first on MortgageOrb.

Lending 195

Lending Modernization Technology Design 195

Housing Wire

NOVEMBER 7, 2023

Carnegie Mortgage Partners will offer mortgage products to clients of Keller Williams Bergen County Partners , a Keller Williams franchise with 15 offices spread across Ridgewood, Woodcliff Lake, Tenafly, Fort Lee and Rutherford. According to the 2023 RealTrends rankings , the team had 1,588 licensed agents who generated an average of $2.65

Realty 409

Realty Mortgage Brokerage Agents 409

Housing Wire

JULY 28, 2023

Through partnerships with Bubble Insurance Solutions and New American Funding , real estate agents at The Agency will have access to mortgage lending services and insurance services for their clients. The affiliation will provide The Agency’s agents with access to Bubble Insurance’s insurance coverage for their clients.

Insurance 351

Insurance Brokerage Clients Real Estate Agent 351

Housing Wire

DECEMBER 30, 2022

Especially in uncertain times and market volatility, having the knowledge that I get from HW+ helps me communicate effectively with my team and my clients. At a small mortgage banker, leadership has to know all aspects of lending. Chris Mozilo: If I didn’t go into mortgage lending, I would have likely become an architect.

Architecture 388

Architecture Design Lending Housing Market 388

Housing Wire

OCTOBER 19, 2023

In late August, when mortgage rates were well over 7% and beginning their climb toward 8%, Jeff Anderson had a client do what few other homeowners are willing to do: She gave up her 4% mortgage rate. At closing, my client will get $10,000 of cash up-front. You’re probably thinking, “Uh, why on earth would she do that?”

Mortgage 479

Mortgage Clients Lending Home Improvement 479

Empire Appraisal Group

NOVEMBER 9, 2023

Market Update Parkland and Coral Springs Q3 2023 Since 2005, Empire Appraisal Group, Inc. has been assisting clients in making well-informed decisions related to real estate. His clients include Loan Depot, Caliber Home Loan, United Wholesale Mortgage, Rocket Mortgage, and US Bank, among others.

Marketing 78

Marketing Real Estate Clients Realtors 78

Empire Appraisal Group

NOVEMBER 22, 2023

Pompano Beach and Deerfield Beach Market Update Q3 2023 Since 2005, Empire Appraisal Group, Inc. has been assisting clients in making well-informed decisions related to real estate. His clients include Loan Depot, Caliber Home Loan, United Wholesale Mortgage, Rocket Mortgage, and US Bank, among others.

Marketing 78

Marketing Real Estate Clients Realtors 78

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. ” Publicly traded Guild acquired three lenders in 2023 – Legacy Mortgage in February, Cherry Creek Mortgage in March and First Centennial Mortgage in August. It won’t be easy.

Mortgage 400

Mortgage Retail Lending Sellers 400

Housing Wire

JANUARY 18, 2023

The California-based lender plans to increase its client base in the bank and credit union segment where Wells Fargo was most active, Abbie Tidmore, senior managing director and chief revenue officer, at Pennymac told HousingWire. It also plans to increase minority home lending through a special purpose credit program it launched last year.

Clients 407

Clients Investors Lending Mortgage 407

Housing Wire

FEBRUARY 9, 2023

Amid the expectation of a wave of mergers and acquisitions in 2023, nonbank mortgage lenders American Portfolio Mortgage Corporation and Town Square Mortgage announced on Wednesday that the companies are merging their operations. The financial terms of the deal were not disclosed.

Mortgage 357

Mortgage Retail Loan Officers Lending 357

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. NAF, the 31st largest mortgage lender in America in 2023, according to Inside Mortgage Finance, has been in growth mode.

Loan Officers 382

Loan Officers Retail Finance Buyers 382