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 408

Loan Officers Marketing Real Estate Agent Real Estate 408

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. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property.

Buyers 420

Buyers Loan Officers Real Estate Agent Agents 420

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 410

Renovations Realtors Construction Mortgage 410

Housing Wire

JANUARY 2, 2024

In 2023, we saw a lot of changes and movement among some of the most influential players in social media. In the mortgage industry, we saw a significant number of loan officers and real estate agents join the platform to share educational home-buying tips targeted toward a younger audience and first-time homebuyers.

Real Estate Agent 449

Real Estate Agent Loan Officers Advertising Mortgage 449

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. Read on to learn more about New American Funding’s business model of outside distributed retail, their in-house tech stack rebuild, its expansions plans and prospects in 2023. Is NAF done rightsizing?

Retail 367

Retail Business Agents Loan Officers 367

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 473

Mortgage Real Estate Agent Renovations Finance 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 336

Loan Officers Real Estate Agent Tools Business 336

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. We don’t have a business of selling leads to real estate brokers and the like.

Business 311

Business Mortgage Technology Real Estate Agent 311

Housing Wire

DECEMBER 27, 2022

And, the market looks likely to remain frozen well into 2023, experts told HousingWire. Thanks to the Federal Reserve’s benchmark rate being near zero for two full years and generating record-low mortgage rates, a tiny minority of homeowners now have an incentive to refinance at all in 2023. Or will soon.

Housing Market 526

Housing Market Marketing Real Estate Agent Real Estate 526

Housing Wire

FEBRUARY 1, 2023

The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

Construction 397

Construction Real Estate Agent Loan Officers Legal 397

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. It’s the local relationships.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

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

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. of loans in October, according to the MBA. For the week ending Feb.

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

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%.

Real Estate Agent 465

Real Estate Agent Loan Officers Real Estate Agents 465

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 432

Business Mortgage Loan Officers Inventory 432

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. When loan officers don’t have refinance business, half of their businesses are gone. Kim: What are your sales goals for 2023?

Inventory 395

Inventory Marketing Business Buyers 395

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. According to the 2023 RealTrends rankings , the team had 1,588 licensed agents who generated an average of $2.65

Realty 410

Realty Mortgage Brokerage Agents 410

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

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

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 real estate agent or loan officer who can get an updated status on a pending file without having to play phone tag.

Business 397

Business Technology Human Resources HOA 397

Lamacchia Realty

JANUARY 23, 2023

This is when you will meet a loan officer from various mortgage companies. Each mortgage lender will scrutinize your financial background and use this info to determine whether to loan you money and what size monthly payment you can afford. Step 4: Find a real estate agent.

Real Estate Agent 72

Real Estate Agent Inspection Realty Real Estate 72

Housing Wire

JULY 25, 2023

My customer is the real estate agent. Loan officers — myself included — need to strengthen their mindset. My team, we work hand in hand with real estate agents, showing them how to compete and win in a multiple offer situation. For 2023, we feel that we are going to end the year very strong.

Real Estate Agent 338

Real Estate Agent Mortgage Real Estate Training 338

Housing Wire

JANUARY 27, 2023

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. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 431

Loan Officers Mortgage Lending Real Estate Agent 431

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

Appraisal Today

SEPTEMBER 15, 2023

NAR Appraiser Survey July, 2023 In July 2023, NAR Research conducted a survey of all 9,800 appraiser members and 50,000 randomly-selected residential-focused non-appraiser members. The survey results had a comparison of 2022 and 2023, which was very interesting. Updates to AIR and these FAQs were published in August 2023.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

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 370

Retail Real Estate Agent Business Mortgage 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 409

Business Mortgage Advertising Clients 409

Housing Wire

NOVEMBER 17, 2022

To a certain degree, we have to just keep doing what we’re already doing: 1) keep educating lenders, brokers, real estate agents and borrowers about non-QM mortgages; 2) continue to build out both wholesale and correspondent distribution channels; and 3) implement ongoing enhancements to our non-QM customer experience.

Lending 368

Lending Investors Real Estate Agent Loan Officers 368

Housing Wire

MAY 3, 2023

Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory. Single-family inventory for the week ending April 28 jumped to 422,270, up from 414,010 the week prior, offering real estate agents and mortgage loan officers hope that the ice is melting.

Real Estate Agent 384

Real Estate Agent Inventory Loan Officers Mortgage 384

Housing Wire

JUNE 8, 2022

The deal isn’t expected to close until 2023 as executives must persuade regulators the acquisition doesn’t hinder competition. We believe this is fairly differentiated (from other companies’ products) and really focused on the collaboration between the loan officer, the processor and the consumer.

Mortgage 384

Mortgage Technology Loan Officers Investing 384

Housing Wire

MAY 24, 2022

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. This is a customer of an agent, and a customer of a bank, conducting a financial transaction and contractual purchase transaction. How do we clean the fields?

Mortgage 432

Mortgage Real Estate Agent Business Loan Officers 432

Appraisal Today

AUGUST 13, 2023

I have written about it before in these email newsletters. == New in the August 2023 issue of Appraisal Today Annual E&O/Liability Issue E&O Insurance Update 2023 – Claims, Disclaimers, Discrimination, etc 2023 E&O Insurance – Where to get, what to look for in a policy, etc. Click here for more info!

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

JANUARY 12, 2024

over the course of 2024, declining from the 2023 average of 6.9%. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 67

Appraisal Contracts Mortgage Marketing 67