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 403

Renovations Realtors Construction Mortgage 403

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.

Loan Officers 405

Loan Officers Clients Mortgage Construction 405

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

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending.

Mortgage 369

Mortgage Loan Officers Lending Retail 369

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. The broker channel made up for 16.8%

Retail 393

Retail Loan Officers Business Lending 393

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 382

Mortgage Loan Officers Inventory Retail 382

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

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 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Nothing in the mortgage industry is easy right now (…) With the broker model, you’ve got so many outlets to send these loans to that it’s really easy to find a home for most borrowers.

Mortgage 390

Mortgage Retail Loan Officers Brokerage 390

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. Despite higher mortgage rates , demand for FHA and VA loans has been on the rise. Realtors will have to decide, do I negotiate or not? It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage.

Agents 450

Agents Sellers Buyers Finance 450

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Instagram lends itself to posting both personal and business content. Balancing your content.

Loan Officers 350

Loan Officers Business Mortgage Clients 350

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.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 trillion in 2023.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. 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. I thought it was sparse.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

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.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

JANUARY 4, 2023

With a focus on purchase mortgages through referral sources, Reich aims to close $1 billion in loan origination volume in 2023 through his division alone. In addition to offering borrowers FHA loans, conventional purchase mortgages and refis, the lender specializes in retail channel construction loans, according to the firm. “We

Retail 488

Retail Mortgage Construction Loan Officers 488

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. Loan officers who were part of those branches were brought over, he said.

Mortgage 392

Mortgage Loan Officers Retail Finance 392

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. billion in mortgage loans in the second quarter of 2023 “despite a historic decline in industry-wide origination volume during 2023,” according to CEO Mat Ishbia. UWM originated $31.8

Retail 368

Retail Real Estate Agent Business Mortgage 368

Housing Wire

OCTOBER 23, 2023

Nunes: Margins at loanDepot also rose in Q2 2023. lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. We’re trying to make sure our focus is on the strategic growth areas that we think will contribute to the first-time homebuyer, diverse lending and affordable [lending].

Technology 414

Technology Loan Officers Retail Marketing 414

Housing Wire

DECEMBER 21, 2023

Sarah Wheeler: You joined Guaranteed Rate in January of 2023. SW: As a product leader, how did you think about products coming into a year like 2023? KA: Coming into 2023, a lot of people were just thinking about survival and there was a lot of movement going on with investors. What drew you to that role?

Technology 389

Technology Investors Development Loan Officers 389

Appraisal Today

MAY 12, 2023

Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Mortgage lending is very, very cyclical. Fannie Mae has been working hard to get rid of appraisers for years.

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Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc.

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Appraisal Contracts Mortgage Marketing 68

Will Springer Realtor

SEPTEMBER 28, 2022

You want to buy a home but you’re worried you won’t qualify for a mortgage because of your student loan debt. Half of non-homeowners (51%) say student loan debt is delaying them from buying a home, according to a survey from the National Association of Realtors ®. The average student loan payment is $460 a month.

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Buyers Loan Officers Mortgage Realtors 36