Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. “The million in volume in 2023, data from Modex showed. In 2022, Abraham ranked as the No.

Loan Officers 420

Loan Officers Retail Lending Mortgage 420

Housing Wire

MAY 2, 2024

one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loan officers to ML Mortgage. As of Thursday, per the Nationwide Multistate Licensing System (NMLS), it had 18 active branch locations and 86 sponsored loan officers.

Retail 421

Retail Loan Officers Mortgage Lending 421

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

MARCH 4, 2024

The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need. All features are offered in English and Spanish, enabling loan officers to expand its reach to more markets.

Loan Officers 419

Loan Officers Tools Design Technology 419

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Whether or not you succeed in 2022 and 2023 begins with looking at what you can do to help your team navigate this time. It’s also important to gather that information from trustworthy sources.

Loan Officers 384

Loan Officers Clients Mortgage Marketing 384

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 432

Sellers Real Estate Agent Loan Officers Mortgage 432

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Instead, we invest heavily in empowering our loan officers.

Loan Officers 421

Loan Officers Technology Modernization Project Management 421

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 419

Loan Officers Clients Mortgage Construction 419

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 428

Loan Officers Tools Business Clients 428

Housing Wire

MARCH 20, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers, compared to more than 4,000 at CCM. The recent team of hires reflects a variety of roles and meets the needs of our clients,” Boyd said. mortgage lender at the end of 2023. billion in 2023, down 34.5%

Mortgage 431

Mortgage Loan Officers Inventory Finance 431

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

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 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. billion in 2023, per data from Inside Mortgage Finance. Newrez/Caliber ranked as the seventh largest lender in the country with an origination volume of $36.5

Real Estate Agent 421

Real Estate Agent Real Estate Agents Loan Officers 421

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

Housing Wire

SEPTEMBER 12, 2023

After two of the most challenging years in recent history, economists and analysts project a shift in the mortgage market toward the end of 2023, Hoff said. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. Meanwhile, economists at Fannie Mae expect rates to end 2023 at 6.7%

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

FEBRUARY 12, 2024

Challenging year, with growth When asked about her first year in the leadership role for NAF’s reverse division, Robinson did not shy away from the challenges that both the company and wider industry faced in 2023. “It This can help if they receive inquiries from a client who could potentially qualify for a reverse mortgage.

Business 410

Business Loan Officers Clients Mortgage 410

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. as of December 1, 2023. UWM filed a lawsuit in a U.S. UWM is the largest U.S.

Mortgage 372

Mortgage Legal Advertising Loan Officers 372

Housing Wire

APRIL 17, 2023

Selecting vendor partners that care about our clients and help us solve problems. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers. HW: What does the servicing landscape look like for the rest of 2023 and early 2024? Treating our people right.

Loan Officers 380

Loan Officers Investors Valuation Real Estate 380

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 410

Renovations Realtors Construction Mortgage 410

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

JULY 18, 2023

He has a background in managing sales operations and brokering transactions between clients in the U.S. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. The Williamsons launched The Agency Dallas in January 2023. and Mexico.

Agents 370

Agents Loan Officers Brokerage Clients 370

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 404

Retail Mortgage Business Loan Officers 404

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. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75 Cincinnati-based First Financial Bank has agreed to direct $2.4

Investing 404

Investing Mortgage Lending Loan Officers 404

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

FEBRUARY 14, 2024

Also, BBYS products make homeowners competitive bidders because they can submit non-contingent offers that can compete with cash offers, which made up one-third of winning offers in Q4 2023. Next, ask potential BBYS vendors how they collect, retain, and safeguard your clients’ data.

Buyers 420

Buyers Loan Officers Real Estate Agent Agents 420

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As He’s sending 98% because we are the best.

Loan Officers 458

Loan Officers Mortgage Business Retail 458

Housing Wire

JANUARY 9, 2024

Rocket Pro TPO affirmed that it will continue to provide credit reports at no cost for brokers when closing loans through Rocket recognizing that credit report fees are going to get more expensive this year. That price is higher than it was in 2023.

Loan Officers 336

Loan Officers Real Estate Agent Tools Business 336

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 408

Loan Officers Marketing Real Estate Agent Real Estate 408

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The transaction doubled Planet’s clients base in the correspondent space, with 60% of these clients delivering loans monthly to the lender, Dubeck said.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

AUGUST 7, 2023

Here are the three biggest takeaways from the Q2 2023 earnings call with analysts on Thursday. Growth in purchase mortgage origination Analysts were particularly interested in seeing how much purchase mortgage origination/ market share the lender achieved in Q2 2023. That share lags behind the top 50 mortgage lenders of 84.7%

Advertising 370

Advertising Clients Loan Officers Finance 370

Housing Wire

NOVEMBER 23, 2022

As rates increase and housing prices correct in 2023, sellers will want to take advantage of improving their chances to do business with an excited buyer who can obtain a lower than market rate with seller participation,” Jeff Miller, vice president of Pacific Northwest at Churchill Mortgage , said. Lenders seize opportunity for lost volume.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

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

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

APRIL 18, 2024

But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” Loan officers have to get out there and make it relevant to the financial advisers in their communities,” she said. “It’s “We have to be honest; that’s the reality.

Loan Officers 427

Loan Officers Tools Mortgage Government 427

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. Most of the originations were conventional and purchase loans.

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. billion in origination volume in Q2, up about 31% from $17 billion in Q1 2023. Rocket generated $22.3

Clients 368

Clients Business Inventory Mortgage 368