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. According to a lawsuit filed in March in a U.S
Housing Wire
SEPTEMBER 7, 2023
The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August. We will be ready for it.” ”
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Housing Wire
JUNE 13, 2023
This has resulted in the company closing branches and laying off loan officers on the retail side. Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing. “Wholesale is growing.
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. . When will the market turn?
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.” We could be down to 60,000 to 70,000 originators by 2025.”
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. . ” Just a little less vanilla.
Housing Wire
JUNE 2, 2023
Meanwhile, 2025 and 2026 will be off the charts. And 2024, 2025 and 2026, they’ll be the three best mortgage years in history because everybody that’s doing 6.5% And 2025 and 2026 will be off the charts. Nunes: I spoke to a loan officer who is sending almost all of his loans, 98% to be exact, to UWM.
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