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

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgage 373

Mortgage Retail Lending Sellers 373

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. In springtime, people start moving again, but so far in 2024 I feel like I’ve at least been getting more proposals out, which as we all know, results in more applications eventually.”

Business 371

Business Mortgage Loan Officers Marketing 371

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 388

Real Estate Agent Loan Officers Advertising Mortgage 388

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. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing.

Investors 382

Investors Real Estate Lending Loan Officers 382

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 351

Mortgage Loan Officers Valuation Tools 351

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. 2024 HECM limit On Jan. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA).

Mortgage 336

Mortgage Clients Loan Officers Tools 336

Housing Wire

JANUARY 9, 2024

“The feedback (from the Fee Freedom initiative) has been incredible from brokers because it helped them to be able to save money on a monthly basis, spend on marketing, spend on tools and things that can help them grow their business,” Fawaz said in an interview with HousingWire on Tuesday.

Loan Officers 253

Loan Officers Real Estate Agent Tools Business 253

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 371

Mortgage Marketing Loan Officers Training 371

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 388

Loan Officers Mortgage Retail Lending 388

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 352

Loan Officers Retail Legal Mortgage 352

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 412

Loan Officers Technology Modernization Project Management 412

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. On the non-QM side, only 3% of the market has been penetrated. But we’re heading into different segments of the ocean.

Loan Officers 371

Loan Officers Agents Retail Technology 371

Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. Better Home & Finance Holding Co. ,

Loan Officers 377

Loan Officers Technology Investing Realtors 377

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 161

Loan Officers Mortgage Marketing 161

Housing Wire

DECEMBER 14, 2023

Mortgage rates fell below the 7% threshold this week as markets prepared for Federal Reserve Chairman Jerome Powell’s announcement on Wednesday. 14, according to Freddie Mac ‘s Primary Mortgage Market Survey. However, this situation could change in 2024, according to Bright MLS Chief Economist Lisa Sturtevant.

Mortgage 476

Mortgage New Listings Loan Officers Inventory 476

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. Better also produced more loans via its direct-to-consumer channel (54% of the total) than through business-to-business (46%) in the quarter. Better Home & Finance Holding Co. ,

Loan Officers 356

Loan Officers Business Finance Mortgage 356

Appraisal Buzz

MAY 3, 2024

“At a time when growing loan volume and market share are top lender concerns, our technology provides a proven solution that has helped many other lenders grow their businesses, even in the toughest markets.”

Loan Officers 195

Loan Officers Mortgage Technology Business 195

Housing Wire

MARCH 19, 2024

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. Matthew VanFossen, CEO of the New Jersey-based lender, said in an interview that loan officers may start getting real estate licenses, and/or buyer agents may become licensed LOs.

Loan Officers 484

Loan Officers Real Estate Agent Real Estate Agents 484

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 404

Sellers Real Estate Agent Loan Officers Mortgage 404

Housing Wire

AUGUST 24, 2023

Fannie Mae maintains its baseline call for a recession to occur – forecasting it to begin in the first half of 2024. In its July ESR note , Fannie Mae projected a modest recession beginning in Q4 2023 or Q1 2024. on a Q4/Q4 basis and revised its 2024 GDP growth prediction to a 0.2% decline from 0.1% down from 4.88

Construction 267

Construction Retail Mortgage Contracts 267

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 Its stock was trading at $0.58

Loan Officers 336

Loan Officers Finance Mortgage Lending 336

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.

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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. . Take a look. All they have to do is survive.

Retail 509

Retail Loan Officers Brokerage Mortgage 509

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 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. “But we have raised money from Silicon Valley.

Retail 374

Retail Loan Officers Lending Mortgage 374

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them. The lender’s role in succeeding by helping its LOs succeed.

Loan Officers 363

Loan Officers Technology Lending Tools 363

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. By the end of second-quarter 2024, Flyhomes hopes to be licensed and operational in 40 states. “So,

Loan Officers 352

Loan Officers Clients Mortgage Construction 352

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. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 425

Finance Real Estate Agent Real Estate Insurance 425

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. Rank Company Growth (3-yr Avg.) 5000 – 2023

Loan Officers 362

Loan Officers Mortgage Development Lending 362

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

Housing Market 424

Housing Market Marketing Buyers Investors 424

Housing Wire

NOVEMBER 1, 2023

“We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. It’s expected to be dark, difficult doldrums ahead, one marked by unyieldingly high mortgage rates — now hovering near 8% — and a dearth of mortgage-origination opportunities.

Mortgage 432

Mortgage Loan Officers Finance Buyers 432

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 343

Valuation Business Mortgage Loan Officers 343

Housing Wire

MAY 22, 2024

This has led to 2024 being an active year for H4P conversations, but members of the industry are split on whether or not it will serve as a major boon to reverse mortgage business in the months and years ahead. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgage 341

Mortgage Loan Officers Lending Business 341

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. According to data from Ingenius , tens of thousands of loan officers exited the industry in 2023. An additional 21% closed 1.5

Business 408

Business Mortgage Loan Officers Inventory 408

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Housing Market 382

Housing Market Marketing Contracts Finance 382

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.

Loan Officers 378

Loan Officers Retail Clients Real Estate Agent 378