Housing Wire
MARCH 5, 2024
Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. Saghafi has clients who recently decided to pull the trigger and move to a bigger house by selling their home that had a 2.375% mortgage rate.
Housing Wire
SEPTEMBER 12, 2023
“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. trillion or $1.7
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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.” These are the folks who are buying right now, and I you know because some of them are my clients.”
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. Despite its diversification, Rocket, for now, is largely a mortgage company.
Housing Wire
DECEMBER 29, 2023
HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.
Housing Wire
OCTOBER 23, 2023
” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said.
Housing Wire
AUGUST 16, 2023
Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. Of course, the risk in winning purchase business in a volatile, high-rate environment is that other lenders could snag your client as soon as rates drop just months later.
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