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 398

Investors Real Estate Lending Loan Officers 398

Housing Wire

JANUARY 2, 2024

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. So now, the question we’re all asking: What can we expect for 2024?

Real Estate Agent 403

Real Estate Agent Loan Officers Advertising Mortgage 403

Housing Wire

JANUARY 9, 2024

In 2024, regardless of mortgage lenders’ volume, Fair Isaac Corp. Moving away from the tier-based pricing structure it implemented in early 2023, FICO will also collect the same per score price for soft and hard pulls in 2024. “As Clearly the answer was that we do continue providing benefits to our broker partners.”

Loan Officers 265

Loan Officers Real Estate Agent Tools Business 265

Housing Wire

MAY 8, 2024

On May 2, Newrez sent Worker Adjustment and Retraining Notification Act (WARN) notices to state authorities in Florida and Colorado, confirming that 123 employees are expected to be separated from employment beginning July 1, 2024. The layoffs include mortgage professionals such as processors, underwriters and loan officers.

Loan Officers 368

Loan Officers Retail Legal Mortgage 368

Inman

JANUARY 2, 2024

As Shant Banosian gears up to speak at Inman Connect New York in January, he sat down with Inman to discuss the landscape for mortgage lenders heading into 2024.

Loan Officers 180

Loan Officers Mortgage Marketing 180

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 390

Loan Officers Mortgage Retail Lending 390

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. Responses were received from 64 domestic banks and 20 U.S.

Lending 469

Lending Mortgage Loan Officers Government 469

Housing Wire

MAY 10, 2024

Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer. Before joining Better, industry veteran Smith was the CEO of Mission Loans from December 2020 to May 2024. Meanwhile, Better had 227 sponsored LOs and seven branches, the NMLS shows.

Loan Officers 295

Loan Officers Law Finance Mortgage 295

Housing Wire

MAY 14, 2024

the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. Regarding expenses, Better has shifted its compensation structure to loan officers. Better Home & Finance Holding Co. , Better posted a net loss of $51.5

Loan Officers 372

Loan Officers Business Finance Mortgage 372

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 381

Loan Officers Agents Retail Technology 381

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 414

Loan Officers Technology Modernization Project Management 414

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 392

Loan Officers Technology Investing Realtors 392

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

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). According to Inside Finance Mortgage (IMF) estimates, Fairway ranked as 13th-largest U.S. The lender originated $5.15 from Q1 2023.

Retail 379

Retail Loan Officers Legal Lending 379

Housing Wire

DECEMBER 14, 2023

Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024. Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans.

Mortgage 477

Mortgage New Listings Loan Officers Inventory 477

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. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 413

Sellers Real Estate Agent Loan Officers Mortgage 413

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 352

Loan Officers Finance Mortgage Lending 352

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 403

Human Resources Mortgage Loan Officers Finance 403

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 424

Mortgage Loan Officers Retail Finance 424

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 18, 2024

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). Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Mortgage 391

Mortgage Realty Loan Officers Retail 391

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 388

Retail Loan Officers Lending Mortgage 388

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues. In 2024, rates are expected to drop to 4.6% in 2024 and 4.4% The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3% in 2025.

Mortgage 355

Mortgage Loan Officers Inventory Buyers 355

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 368

Loan Officers Clients Mortgage Construction 368

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 384

Mortgage Marketing Loan Officers Training 384

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). Most forecasts have indicated 2024 will show an increase in origination numbers, although most of that will be of the purchase category.

Loan Officers 377

Loan Officers Technology Lending Tools 377

Housing Wire

AUGUST 17, 2023

5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. 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.

Loan Officers 367

Loan Officers Mortgage Development Lending 367

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?

Finance 436

Finance Real Estate Agent Real Estate Insurance 436

Housing Wire

OCTOBER 18, 2023

It’s refinancings that have fallen off a cliff , and they are unlikely to return in force in 2024. Let’s look at InGenius’s data on the number of loan officers and corresponding production levels. Setting channel side, where are we in terms of the overall LO landscape?

Retail 510

Retail Loan Officers Brokerage Mortgage 510

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.”

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

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 359

Valuation Business Mortgage Loan Officers 359

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 366

Contracts Loan Officers Legal Best Value 366

Housing Wire

MARCH 20, 2024

He also spoke about what the reverse mortgage landscape is like in 2024, and other things he is working on — such as industry-specific software — as a longtime reverse mortgage industry professional with an interest in seeing the space grow. Back to broker roots Cabe, who is based in the Pacific Northwest, left Fairway in early January 2024.

Development 405

Development Mortgage Tools Loan Officers 405

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 386

Buyers Agents Loan Officers Real Estate 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 409

Mortgage Retail Loan Officers Finance 409

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 102

Real Estate Lending Loan Officers Government 102

Inman

MAY 15, 2024

CEO Vishal Garg said Better's future "lies in Uberizing the loan officer." The lender boosted mortgage volume 25 percent from Q4 but suffered a $51 million loss, according to Q1 earnings data on Tuesday.

Loan Officers 148

Loan Officers Mortgage Finance Marketing 148