Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. Demand for FHA loans have risen over the past year to comprise 23.8%

Loan Officers 397

Loan Officers Mortgage Finance Clients 397

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. The Detroit-based lender plans to recruit up to 500 LOs by the end of 2023, more than triple the current local LO pool.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. The goal is to expand its overall market share to 1% this year from 0.6%.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

FEBRUARY 12, 2024

New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.

Marketing 410

Marketing Loan Officers Advertising Retail 410

Housing Wire

MARCH 6, 2024

Guaranteed Rate hired Bijoy John, former head of marketing at Newrez , as its vice president of marketing. John’s new tasks will include consumer direct marketing and the crafting of strategies for new products. What led me to Guaranteed Rate’s marketing team was Victor Ciardelli’s vision for the company.

Marketing 421

Marketing Loan Officers Retail Lending 421

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Fitch Ratings expects a challenging 2023 — at least in the near term — while the industry right-sizes from the $4 trillion production volume that occurred during the pandemic boom years.

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

AUGUST 17, 2023

At a time when refis dried up and loan officers are in desperate need of deals, some loan officers are leaning into buying leads — from companies including Zillow , Realtor.com and Freerateupdate.com. It’s a big improvement from the $1,972 loss per loan in Q1 2023. 5000 – 2023

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Housing Wire

APRIL 12, 2023

Industry players are largely pessimistic about the economic climate and expect interest rates to trend up in the near term future, according to the HousingWire Q2 2023 LenderPulse survey. None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced.

Mortgage 395

Mortgage Marketing Loan Officers Real Estate Agent 395

Housing Wire

FEBRUARY 7, 2024

New York-based Rithm Capital posted a profit in 2023, a year marked by several acquisitions that turned the company into a leading global asset manager. million GAAP net income in 2023 — lower than the figure of $864.8 In 2023, Rithm acquired $1.4 million in 2023. billion in Q4 2023, lower than the $11.1

Valuation 420

Valuation Business Mortgage Loan Officers 420

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. million in volume in 2023, data from Modex showed. His team will be making the move with him.

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

Housing Wire

JANUARY 5, 2024

But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. The departing employees included a divisional manager, branch and regional managers, and loan officers.

Loan Officers 458

Loan Officers Retail Law Business 458

Housing Wire

SEPTEMBER 7, 2022

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. The Future of Marketing panel on Oct. Everything from social media and marketing to different generations of homebuyers will be covered during the panel.

Loan Officers 410

Loan Officers Advertising Technology Realty 410

Housing Wire

JUNE 27, 2023

According to HousingWire ‘s Q3 2023 LenderPulse survey, industry workers said they would cut down on marketing spend and tools, as well as reduce additional headcount, if they had to further contain costs. Roughly 44% are neutral about the economic climate in the third quarter of 2023 while about 43.4% are optimistic.

Mortgage 370

Mortgage Marketing Tools Open Houses 370

Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. Savvy marketing leaders like Coleen Bogle, CMO at New Jersey-based mortgage lender The Money Store have become critical to the industry. Click here to nominate someone.

Loan Officers 421

Loan Officers Technology Modernization Project Management 421

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. PrimeLending has been on a hiring spree to bring on high-performing LOs in 2023 to its existing branches. million) and Hugo Ortiz-Pulido ($21.21

Loan Officers 421

Loan Officers Retail Lending Mortgage 421

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.

Loan Officers 409

Loan Officers Marketing Real Estate Agent Real Estate 409

Housing Wire

OCTOBER 13, 2023

Two top-20 mortgage lenders in the United States may combine forces amid the most challenging market in decades. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. mortgage lender.

Loan Officers 473

Loan Officers Mortgage Finance Business 473

Housing Wire

JANUARY 9, 2023

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . Late last week, the Rocket Central Marketing team announced a reorganization,” he said.

Mortgage 479

Mortgage Marketing Loan Officers Business 479

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” billion in 2023, an increase from $2.1 billion last year.

Marketing 397

Marketing Loan Officers Lending Brokerage 397

Housing Wire

MARCH 4, 2024

The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need. All features are offered in English and Spanish, enabling loan officers to expand its reach to more markets.

Loan Officers 421

Loan Officers Tools Design Technology 421

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. For as low as $995 the seller can secure a discounted rate to market the listing, according to Guaranteed Rate.

Sellers 432

Sellers Real Estate Agent Loan Officers Mortgage 432

Housing Wire

OCTOBER 27, 2022

Everyone knows that the current market is a challenging environment for housing professionals, as high rates mean fewer originations and even less refi business. But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In Deliver value. Stay the course.

Loan Officers 384

Loan Officers Clients Mortgage Marketing 384

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. million in unpaid compensation. It originated $15.46

Loan Officers 416

Loan Officers Legal Retail Finance 416

Housing Wire

APRIL 29, 2024

” In July 2023 , the bank said that to enhance efficiency and streamline operations, it reduced its presence in New York and exited the mortgage banking business. Ultimately, it originated about $50 million in mortgages in 2023, per mortgage tech platform Modex. Republic Bank is adding $5.3

Loan Officers 409

Loan Officers Insurance Mortgage Lending 409

Housing Wire

MAY 7, 2023

New listing data was trending at all-time lows in 2021 abd 2022 and now it’s creating a new all-time low trend in 2023. New listing weekly data over the past three years: 2023: 58,432 2022: 76,691 2021: 73,291 New listing data from previous years to give you some historical perspective. didn’t go into recession until 2008.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

OCTOBER 18, 2023

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. Well, it’s certainly been a down market. ” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed. . In Q2 2023, the number of valid LOs fell to 89,094.

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Housing Wire

FEBRUARY 15, 2024

“We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. In third-quarter 2023 , it posted mortgage volume of $731 million, down from $900 million in Q2 2023 and $1.1 Eligible U.S.

Loan Officers 409

Loan Officers Finance Mortgage Lending 409

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 431

Loan Officers Tools Business Clients 431

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

Housing Market 526

Housing Market Marketing Real Estate Agent Real Estate 526

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022.

Business 441

Business Loan Officers Law Mortgage 441

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. Based on 2023 numbers, that will give us 94% coverage of all purchase transactions that have happened in the country.

Loan Officers 421

Loan Officers Clients Mortgage Construction 421

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

Business 410

Business Loan Officers Clients Inventory 410

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. and 2024 at 6%.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

NOVEMBER 14, 2022

HousingWire spoke to Tom Hutchens, EVP of Production at Angel Oak Mortgage Solutions, about the outlook for non-QM in 2023 and why lenders should keep an eye on the non-QM space. The primary challenge for non-QM has been the extreme volatility in the secondary markets. HW: What is the outlook for non-QM in 2023?

Lending 430

Lending Investors Loan Officers Technology 430

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. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 410

Renovations Realtors Construction Mortgage 410

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. CMG Financial was the 16th largest mortgage lender in the country in 2023, with $20.1

Loan Officers 419

Loan Officers Retail Tools Investors 419

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 473

Buyers Marketing Sellers Loan Officers 473