Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. ” As 2024 is not expected to be stellar , analysts foresee more M&A and exits next year. HousingWire spoke to two lenders to understand their M&A strategies for 2024.

Mortgage 382

Mortgage Retail Lending Sellers 382

Housing Wire

FEBRUARY 12, 2024

But a new year brings new opportunities, and the NAF reverse mortgage division is bullish about its own prospects and the prospects of the industry as a whole in 2024. One such move is in collaboration with NAF’s forward mortgage division and educating more of these loan officers about reverse products.

Business 404

Business Loan Officers Clients Mortgage 404

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

Investors 392

Investors Real Estate Lending Loan Officers 392

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. Potempa had a joint venture with OneTrust from March 2022 to March 2024.

Loan Officers 395

Loan Officers Mortgage Retail Lending 395

Housing Wire

NOVEMBER 7, 2023

As we plan for a gradual cycle turn in 2024, a few hot topics feel especially hot right now. Please reach out with your intel so we can all sharpen up ahead of 2024. Here are the MBA’s 2024 rate predictions by quarter: 6.8% How should mortgage firms rethink tech strategy in 2024? for Q1, 6.6% for Q2, 6.3% for Q3 and 6.1%

Mortgage 361

Mortgage Loan Officers Valuation Tools 361

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. billion.

Lending 350

Lending Retail Loan Officers Mortgage 350

Housing Wire

MAY 6, 2024

mortgage lender in the first quarter of 2024. As of Monday, the company had 2,824 sponsored loan officers and 860 active branch locations, per the Nationwide Multistate Licensing System (NMLS). Last year, the group funded a reported 291 loans for an aggregate volume of $158.8 The lender originated $5.15 from Q1 2023.

Retail 373

Retail Loan Officers Legal Lending 373

Eyes on Housing

FEBRUARY 12, 2024

According to the Federal Reserve Board’s January 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the fourth quarter of 2023.

Real Estate 100

Real Estate Lending Loan Officers Government 100

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 372

Loan Officers Technology Lending Tools 372

Housing Wire

MAY 22, 2024

It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product.

Mortgage 351

Mortgage Loan Officers Lending Business 351

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. Our mission is to help loan originators become better at what they do in every aspect of their business and in their life,” Braheem said.

Mortgage 379

Mortgage Marketing Loan Officers Training 379

Housing Wire

APRIL 30, 2024

After striking two M&A deals late last year, digital multichannel lender Lower plans to acquire at least one other business in 2024. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 383

Retail Loan Officers Lending Mortgage 383

Housing Wire

APRIL 18, 2024

expanding its mortgage retail lending footprint in the communities in which it operates. N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS).

Mortgage 387

Mortgage Realty Loan Officers Retail 387

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. VA loans are 12% of the mortgage market,” Garg said. “So, billion in Q3 2022. “VA He did not disclose the current size of the team.

Loan Officers 346

Loan Officers Finance Mortgage Lending 346

Housing Wire

SEPTEMBER 11, 2023

About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products.

Loan Officers 377

Loan Officers Agents Retail Technology 377

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate. Zap Mortgage (no.294) 678), InstaLend (no.769) Companies that debuted on the Inc.

Loan Officers 365

Loan Officers Mortgage Development Lending 365

Housing Wire

OCTOBER 18, 2023

Broadly speaking, the broker space tends to be more relationship focused, which lends itself better to a purchase environment. It’s refinancings that have fallen off a cliff , and they are unlikely to return in force in 2024. Setting channel side, where are we in terms of the overall LO landscape?

Retail 510

Retail Loan Officers Brokerage Mortgage 510

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. Sadly, those hypotheticals are still a reality for some , even as we approach 2024. Can you imagine if he did not even have the ability to apply for his home loan?

Real Estate Agent 422

Real Estate Agent Real Estate Agents Lending 422

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 398

Human Resources Mortgage Loan Officers Finance 398

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. The lender and LO can make or break the transaction.”

Buyers 383

Buyers Agents Loan Officers Real Estate 383

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Guild is also one of the country’s largest servicers, with $84 billion in MSRs as of the first quarter of 2024, per IMF.

Mortgage 423

Mortgage Loan Officers Retail Finance 423

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. He was set to hold the role until 2024, the lawsuit says.

Contracts 363

Contracts Loan Officers Legal Best Value 363

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%. “I’m a relationship maker.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

APRIL 1, 2024

By the end of second-quarter 2024, Flyhomes hopes to be licensed and operational in 40 states. “So, While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry. So, we are just going through that process now and on track to hit that target.

Loan Officers 362

Loan Officers Clients Mortgage Construction 362

Housing Wire

FEBRUARY 7, 2024

The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR. The deal is expected to close in first-quarter 2024. “We billion, and that 2024 will be a year of capital formation. Rithm had $1.9

Valuation 353

Valuation Business Mortgage Loan Officers 353

Housing Wire

FEBRUARY 12, 2024

HousingWire: What were some of the challenges faced by lenders in 2023, and what is the outlook for 2024? Analysts predict 2024 will bring a rise in mortgage origination volume and, potentially, several cuts to interest rate. Amanda Phillips: 2023 was a year of trials and tribulations for financial institutions.

Mortgage 366

Mortgage Technology Inventory Lending 366

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” “I

Mortgage 432

Mortgage Loan Officers Finance Buyers 432

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 361

Mortgage Retail Loan Officers Brokerage 361

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. I believe we’re among the highest percentage of lending to Black and Latino homebuyers out of the larger lenders.

Loan Officers 386

Loan Officers Retail Clients Real Estate Agent 386

Housing Wire

DECEMBER 14, 2023

Texas-based lender Thrive Mortgage plans to merge with digital multichannel rival Lower , which will create a unified lender with more than 650 loan officers and 120 active branches across the country. Financial details of the merger, which is expected to close in the first quarter of 2024, were not disclosed.

Mortgage 405

Mortgage Retail Loan Officers Finance 405

Housing Wire

JULY 20, 2023

Fannie Mae conducted an online survey consisting of 10 questions among senior executives — such as CEOs and CFOs of Fannie Mae’s lending institution partners. Surveyed lending executives had a pessimistic outlook toward the economy.

Lending 350

Lending Technology Business Construction 350

Housing Wire

JANUARY 16, 2024

To focus exclusively on public policy advocacy and political activities on behalf of the industry, Sweeney will be stepping down as Chairman and CEO of AIME on March 31, 2024, to become the co-founder and CEO of BAC. McKay will become chief advocacy officer, focusing on growing the advocacy network’s members, donors and programs.

Finance 346

Finance Mortgage Lending Retail 346

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move.

Loan Officers 358

Loan Officers Business Mortgage Clients 358

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. Lenders are a mix of credit unions, commercial banks, and mortgage lending companies.

Legal 380

Legal Brokerage Mortgage Loan Officers 380

Housing Wire

DECEMBER 11, 2023

A top-tier borrower with a 780 FICO score and a 25-30% down payment for a single-family vanilla 30-year fixed-rate mortgage was quoted 6.875% on Thursday, said Larry Steinway, senior vice president of mortgage lending and branch manager of Revolution Mortgage. “We in 2024, followed by 5.5% in 2024 before declining to 6.9%

Mortgage 450

Mortgage Buyers Inventory Technology 450

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 386

Buyers Tools Mortgage Lending 386

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

Lending 36

Lending Valuation Home Value Design 36