Housing Wire

DECEMBER 27, 2022

And, the market looks likely to remain frozen well into 2023, experts told HousingWire. Thanks to the Federal Reserve’s benchmark rate being near zero for two full years and generating record-low mortgage rates, a tiny minority of homeowners now have an incentive to refinance at all in 2023. Or will soon.

Housing Market 521

Housing Market Marketing Real Estate Agent Real Estate 521

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 404

Renovations Realtors Construction Mortgage 404

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 292

Loan Officers Real Estate Agent Tools Business 292

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 469

Buyers Marketing Sellers Loan Officers 469

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. BCP operates as a team led by Al Donohue. million in sales volume in 2022. “We

Realty 406

Realty Mortgage Brokerage Agents 406

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 382

Loan Officers Inventory Real Estate Agent Buyers 382

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. 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 450

Real Estate Agent Loan Officers Real Estate Agents 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. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 521

Mortgage Marketing Retail Lending 521

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 426

Business Mortgage Loan Officers Inventory 426

Housing Wire

NOVEMBER 2, 2022

It’s clear that 2023 will be a very different year for the title industry than what we’ve experienced in the recent past. A title agency’s average time to close is never lost on its clients. A real estate agent or loan officer who can get an updated status on a pending file without having to play phone tag.

Business 381

Business Technology Human Resources HOA 381

Housing Wire

JANUARY 31, 2023

His goal is to bring his sales numbers up to $450 to $500 million, with origination coming from different states, and potentially capitalizing on a little refinance boom in the latter part of 2023. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. Kim: What are your sales goals for 2023?

Inventory 371

Inventory Marketing Business Buyers 371

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I Read on for Nguyen’s new business strategies for 2023, how he plans to scale his business and prospects for the housing market. Connie Kim: Thuan, you hit a record $2.47

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

FEBRUARY 9, 2023

The 2023 market is unlike those we’ve seen in previous years. In a market like this, every lead, loan and basis point matters more than ever for LOs. Dave Savage , chief innovation officer for Mortgage Coach and Sales Boomerang , described today’s market as a new era in the mortgage business — the advice era.

Loan Officers 370

Loan Officers Real Estate Agent Real Estate Clients 370

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 391

Lending Real Estate Agent Loan Officers Retail 391

Housing Wire

FEBRUARY 14, 2024

As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. To understand how loanDepot’s business has started the year, RMD sat down with Moriello to hear about what she’s seeing and what the company’s loan officers are telling her.

Business 395

Business Mortgage Advertising Clients 395

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 413

Loan Officers Mortgage Lending Real Estate Agent 413

Housing Wire

AUGUST 16, 2023

Most of the publicly traded IMBs cut costs in the first half of 2023, and several pledged to keep sharpening their knives. Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. As such, it’s unlikely that we’ll reach $1.8 UWM originated $31.8

Retail 362

Retail Real Estate Agent Business Mortgage 362

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

NOVEMBER 17, 2022

To a certain degree, we have to just keep doing what we’re already doing: 1) keep educating lenders, brokers, real estate agents and borrowers about non-QM mortgages; 2) continue to build out both wholesale and correspondent distribution channels; and 3) implement ongoing enhancements to our non-QM customer experience.

Lending 349

Lending Investors Real Estate Agent Loan Officers 349

Housing Wire

JUNE 8, 2022

From a client perspective, a fully integrated soup-to-nuts digital offering for mortgage origination and servicing should significantly reduce the cost of originating and servicing a mortgage,” according to an analyst who spoke on the condition of anonymity. So it’s like middle-office, later stage workflow. Of the $387.2

Mortgage 373

Mortgage Technology Loan Officers Investing 373

Appraisal Today

AUGUST 13, 2023

I have written about it before in these email newsletters. == New in the August 2023 issue of Appraisal Today Annual E&O/Liability Issue E&O Insurance Update 2023 – Claims, Disclaimers, Discrimination, etc 2023 E&O Insurance – Where to get, what to look for in a policy, etc. Click here for more info!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. over the course of 2024, declining from the 2023 average of 6.9%. Many referrals come from real estate agents. Bright MLS – 6.1

Appraisal 68

Appraisal Contracts Mortgage Marketing 68