2023 Construction Loan Officers Realtors 
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.
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
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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
Housing Wire
SEPTEMBER 22, 2022
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. We do not see new construction returning in a meaningful way any time soon. million units last month from July, according to the National Association of Realtors (NAR). year-over-year.
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.
Housing Wire
OCTOBER 6, 2023
Some of these professionals spoke to HousingWire during AIME Fuse 2023, an Association of Independent Mortgage Experts conference held Oct. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. 4-7, in Las Vegas. “It’s hard for brokers to win deals now.
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
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