Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officers 430

Loan Officers Technology Investing Realtors 430

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go.

Human Resources 454

Human Resources Mortgage Loan Officers Finance 454

Appraisal Buzz

MAY 3, 2024

According to TMC’s 2024 “Pulse of the Network” survey of 2,000 industry executives, finding new business development opportunities to grow volume and market share ranked first among the Top 5 most critically important issues facing mortgage lenders in 2024.

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

APRIL 30, 2024

Nominations for HousingWire’s 2024 Marketing Leaders Leaders award are open now through April 30th, 2024. We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them.

Loan Officers 421

Loan Officers Technology Modernization Project Management 421

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. 5000 – 2023

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?”

Mortgage 405

Mortgage Loan Officers Technology Tools 405

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? Yet staggeringly few are aware of its existence.

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. “But economists said mortgage rates should be in the 5s in the first or second quarter of 2024.” and the second quarter of 2024 at 5.6%. and 2024 at 6%. But it will bring with it different challenges.

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgage 421

Mortgage Loan Officers Lending Business 421

Housing Wire

SEPTEMBER 7, 2023

Sitzer/Burnett is scheduled to head to trial in mid-October and Moehrl is expected to head to court in the first half of 2024 with Nosalek most likely following shortly thereafter. One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

FEBRUARY 16, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently. That’s why we started NAF Cash.

Loan Officers 420

Loan Officers Retail Clients Real Estate Agent 420

Housing Wire

MARCH 30, 2023

I developed a ton of great relationships over that time there. My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets.

Mortgage 396

Mortgage Retail Loan Officers Brokerage 396

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

APRIL 12, 2024

Nominations for HousingWire’s 2024 Marketing Leaders are open until April 30, 2024. Vonder Haar was selected as a winner based on her crucial role in expanding the company’s offerings and developing its digital marketing to meet the needs of its loan originators and their real estate partners.

Loan Officers 326

Loan Officers Lending Real Estate Marketing 326

Housing Wire

JANUARY 16, 2024

Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones. The OBMMI access is expected to be added to the Android app later in 2024.

Loan Officers 420

Loan Officers Investors Mortgage Development 420

Housing Wire

NOVEMBER 27, 2023

Piper Sandler forecasts further consolidation within the mortgage industry over the next few months with demand near multi-decade lows before picking up in 2024 as consumers re-adjust to higher mortgage rates. for Fannie Mae and Freddie Mac pools, according to Piper Sandler.

Mortgage 418

Mortgage Investing Government Real Estate 418

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. Homepoint has decided to pause on entering the non-QM fray.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

OCTOBER 5, 2023

“Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. … Home equity loans originated by Rocket Mortgage, UWM and Pennymac, loanDepot, Spring EQ, Figure Lending and a nonbank called Achieve Home Loans have all been used as collateral in securitization offerings so far this year.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Housing Wire

APRIL 10, 2024

Nominations for the 2024 Marketing Leaders award are open now through April 30. Debbie launched the marketing campaign for “A Seat at the Closing Table,” designed to train loan officers on the nuances of working with underserved borrowers and to offer toolkits and templates that will help them close more loans in minority communities.

Marketing 404

Marketing Loan Officers Real Estate Training 404

Housing Wire

JANUARY 4, 2024

A lot was built around those foundational technologies for what we have today in the Mello system, in the stack that our loan officers love and appreciate. On efficiency, let me start within the technology organization, because software development takes a lot of effort. SW: What are you looking forward to in 2024?

Technology 383

Technology Loan Officers Modernization Development 383

Housing Wire

JANUARY 23, 2024

Constellation Software ’s Dark Matter Technologies rolled out an automated workflow in the Empower loan origination system (LOS) that makes it easier for lenders to identify and qualify loan applicants who could benefit from evaluation of their positive rent payment history.

Technology 311

Technology Loan Officers Design Development 311

Housing Wire

MARCH 11, 2024

The addition of automation made credit optimization more accessible to mortgage loan officers who could simply set a target score and allow our predictive analytics engine to run hundreds of simulations in just seconds to arrive at a detailed plan. HW: How can lenders upgrade to the new CreditXpert?

Buyers 430

Buyers Tools Mortgage Lending 430

Housing Wire

DECEMBER 21, 2023

We’re on the brink of seeing that in 2024. I liked that they were trying to solve the problem across a variety of different channels of customer touch points, which I thought was much more relevant to the way that customers want to interact with their loan officers. SW: Looking to 2024, what are you excited about?

Technology 404

Technology Investors Development Loan Officers 404

Appraisal Today

JANUARY 12, 2024

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. over the course of 2024, declining from the 2023 average of 6.9%. baths, 7,455 sq.ft.,

Appraisal 69

Appraisal Contracts Mortgage Marketing 69

Housing Wire

MARCH 19, 2024

“One of those models could be that you, as lenders, license your loan officers as real estate agents and offer the buying agent service for less than a 3% fixed fee point. Others of you will say that is a great retention opportunity for my loan officers and the market will figure all this out,” Broeksmit added.

Loan Officers 500

Loan Officers Real Estate Agent Real Estate Agents 500

Lamacchia Realty

MARCH 4, 2024

Unlike loan officers at the bank or credit unions who work for a single institution, mortgage brokers have access to a vast network of lenders, providing borrowers with a wider range of options.

Mortgage 66

Mortgage Legal Realty Buyers 66

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. The community is part of a wider development in Georgetown, Texas called Wolf Ranch. Still, a revival in purchase originations is anticipated in 2024 as the market adjusts and more homes become available.

Appraisal 83

Appraisal Contracts Business Construction 83