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.

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Renovations Realtors Construction Mortgage 407

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 Your technology has to be fantastic every day. They have options.

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Loan Officers Mortgage Business Retail 458

Housing Wire

AUGUST 1, 2023

The Detroit-based lender’s unmatched combination of name recognition, digital infrastructure and consumer technology enabled it to originate more than $670 billion in mortgages in 2020 and 2021, smashing records in the process. With the mortgage market declining 70% year over year, the plan gained traction in early 2023.

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Loan Officers Retail Real Estate Agent Real Estate 368

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.

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Mortgage Retail Loan Officers Lending 365

Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

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Mortgage Technology Inventory Lending 396

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

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Housing Market Marketing Contracts Finance 415

Housing Wire

NOVEMBER 23, 2022

While it is true that many nonbanks entered this downturn with a large war chest of cash and capital, this is more than offset by the impact of warehouse and investor covenants, which are causing lenders to move expeditiously to cut costs,” Jim Cameron, Stratmor Group ’s senior partner, wrote in a report published this week. “In

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Marketing Loan Officers Business Mortgage 373

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike before the end of 2023, how do you think this decision will affect housing and your forecast for the economy? For one thing, no fixed-income investor thinks that mortgage-backed securities with 7% mortgage rates will be there when the Fed finishes the inflation fight.

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Housing Market Marketing Buyers Investors 448

Housing Wire

APRIL 25, 2023

“Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” Hemanthkumar Jambulingam , director of fintech product management at Tavant, said.

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Lending Loan Officers Mortgage Investors 344

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. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

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Mortgage Marketing Retail Lending 522

Housing Wire

MAY 1, 2023

HousingWire is excited to announce the 2023 class of Rising Stars! Congratulations to the 2023 Rising Stars! In its tenth year, this industry award is showcasing the up-and-coming leaders in housing who have had major accomplishments all before the age of 40.

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Real Estate Loan Officers Development Realtors 370

Housing Wire

JUNE 15, 2022

Investors asked for higher premiums to invest in these assets amid a flight to quality caused by the expectation of higher U.S. “Even though the market may have priced in some of the rate change already, the volatility is just requiring additional yield to be provided to investors to accommodate for the changes going on.”

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Mortgage Investors Clients Marketing 384

Housing Wire

NOVEMBER 16, 2022

Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. If you deliver 5,000 homes a year, that means you had 50,000 people looking for a house walk across your platform who are likely prequalified by your loan officers, and you … have a relationship with them.

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Buyers Mortgage Sellers Investing 410

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. AI can understand the loan status, a loan profile and AI can respond to the consumer.

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Mortgage Loan Officers Inventory Business 450

Housing Wire

NOVEMBER 17, 2022

Offering non-QM loans provides access to those millions of borrowers who want mortgages but are unable to qualify for a traditional loan. Residential mortgage credit provides diversification benefits to institutional investors. Today, Deephaven can close a DSCR loan in as few as 15 days.

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Lending Investors Real Estate Agent Loan Officers 348

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. billion came from its origination technology, according to their earnings reports. Of the $387.2

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Mortgage Technology Loan Officers Investing 373

Housing Wire

DECEMBER 21, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Kathryn Amor, senior vice president and head of enterprise products at Guaranteed Rate , to talk about the intersection of product and technology. Sarah Wheeler: You joined Guaranteed Rate in January of 2023. What drew you to that role? What do we need to rebuild?

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Technology Investors Development Loan Officers 375