Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. And Rocket is well aware.

Loan Officers 367

Loan Officers Retail Real Estate Agent Real Estate 367

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 368

Agents Loan Officers Brokerage Clients 368

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 384

Loan Officers Marketing Real Estate Agent Real Estate 384

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. debt-to-income requirements) instead of requiring substantive changes to the real estate process.

Buyers 402

Buyers Loan Officers Real Estate Agent Agents 402

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 406

Renovations Realtors Construction Mortgage 406

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 348

Loan Officers Investors Valuation Real Estate 348

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 410

Realty Mortgage Brokerage Agents 410

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. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions. million in cash.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. And, the market looks likely to remain frozen well into 2023, experts told HousingWire. Those trends are likely to continue in 2023. over asking price. High octane stuff. But the housing market in the second half of 2022?

Housing Market 521

Housing Market Marketing Real Estate Agent Real Estate 521

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

Loan Officers 458

Loan Officers Mortgage Business Retail 458

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 357

Advertising Clients Loan Officers Finance 357

Housing Wire

NOVEMBER 2, 2023

Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years. Our expectation is that volume will be around $30 billion when 2023 comes to a close. In fact, a growing focus is the real estate investor population.

Investors 425

Investors Real Estate Lending Loan Officers 425

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

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 284

Loan Officers Real Estate Agent Tools Business 284

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

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 368

Investing Mortgage Lending Loan Officers 368

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

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. 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. Mortgage rates have nearly doubled to around 6.5%

Mortgage 420

Mortgage Loan Officers Buyers Inventory 420

Housing Wire

JANUARY 16, 2024

Under Sweeney’s leadership, BAC will step up efforts to raise and manage funds for the Broker Action Coalition PAC (BACPAC) – the political action committee launched in 2022 by Sweeney that collects contributions to support bipartisan public policy initiatives that benefit independent brokers and their clients.

Finance 380

Finance Mortgage Lending Retail 380

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The bank has 197 active loan officers and 12 branches across the country. The layoffs at USAA Federal Savings Bank represent about 1.6%

Real Estate 72

Real Estate Lending Human Resources Insurance 72

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 383

Loan Officers Inventory Real Estate Agent Buyers 383

Housing Wire

NOVEMBER 7, 2023

The guilty verdict of the landmark Sitzer/Burnett commission lawsuit case sent shockwaves across the real estate industry. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% points from the 7.5%

Agents 458

Agents Sellers Buyers Finance 458

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. In 2000, Mike’s company used a CRM capable of automating the marketing for its loan officers.

Business 428

Business Marketing Technology Tools 428

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Scalone recently wrote a policy for clients buying a home in Claremont, the Serra Mesa area of San Diego, which he described as a “pretty urban environment.” “A

Insurance 367

Insurance Housing Market Marketing Supply Chain 367

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 429

Business Mortgage Loan Officers Inventory 429

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 522

Mortgage Marketing Retail Lending 522

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. Read on for more about Kechian’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees.

Marketing 368

Marketing Inventory Loan Officers Buyers 368

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%. according to the company.

Real Estate Agent 450

Real Estate Agent Loan Officers Real Estate Agents 450

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 367

Inventory Marketing Business Buyers 367

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

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 378

Business Technology Human Resources HOA 378

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. ” Just a little less vanilla. But non-QM is a fairly dangerous space right now.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! This year, 80 honorees are being recognized for their achievements — 40 winners representing the real estate category and 40 representing mortgage. Congratulations to the 2023 Rising Stars!

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. In addition, Hale said he is currently working with three clients who are looking to buy IMBs — two of which are homebuilders and one he described as a “proptech/fintech” company. loan officers] in pods.’”.

Buyers 410

Buyers Mortgage Sellers Investing 410

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

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 394

Business Mortgage Advertising Clients 394

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 392

Mortgage Loan Officers Retail Finance 392