2025 and Loan Officers - Property Appraisal Zone

Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

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. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.

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Pennymac issued pink slips to more than 80 staff at year end

Housing Wire

JANUARY 3, 2024

The WARN Notice shows that the workforce reduction includes 10 loan officers , senior app developers and vice presidents of app development, talent sourcing and sales manager. Expected separation dates for the affected employees were either December or January. 15 and reviewed by HousingWire.

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A sub-7% mortgage rate brings holiday cheer

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.

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Median payment on purchase mortgage application rises to $2,061

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 2025. The MBA projects the 30-year fixed rate mortgage to drop to an average of 5.3% this year from 6.6% In 2024, rates are expected to drop to 4.6%

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Motto sues UMortgage for ‘tortious interference’ in franchise contract

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

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Alec Hanson named top marketer at loanDepot

Housing Wire

MAY 31, 2023

Hanson’s promotion comes at a time when the lender is focused on propelling forward its Vision 2025 strategic plan, which includes rightsizing its operations as the company is in the red.

Marketing

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The next refi boom’s double-edged sword: EPOs

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? .

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How EPM plans to win in the TPO channel after exiting retail

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.” ”

Retail

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Mortgage lenders facing a dark, cold winter

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.”

Mortgage

Mortgage Loan Officers Finance Buyers

EPM doubles down on wholesale channel, reduces retail footprint

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. In March, TGT Maitland LLC filed a lease suit in Florida alleging that EPM abandoned its property, located at 2290 Lucien Way, Maitland, despite the leasing agreement being scheduled to expire on September 30, 2025.

Retail

Retail Loan Officers Landlords Lending

Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

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.

Retail

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Will falling mortgage rates entice potential homebuyers off the sidelines?

Housing Wire

NOVEMBER 10, 2023

Loan originators emphasized any decline in rates improves affordability while the lack of housing inventory and higher home prices will continue to be a challenge. The spread between mortgage rates and Treasury yields remains roughly 120 basis points wider than typical, due to a combination of factors, Fratantoni noted.

Mortgage

Mortgage Inventory Marketing Retail

Will new products stop the bleeding for mortgage lenders?

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.

Mortgage

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Frank Martell talks loanDepot’s restructuring, path to profitability and M&As

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. We’re stable.

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How LOs, mortgage execs are preparing for 2024

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. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage

Mortgage Loan Officers Inventory Business

6% mortgage rates are back (for select borrowers)

Housing Wire

DECEMBER 11, 2023

Most LOs don’t expect traditional rate-term refinance demand to return until the second half of 2025 and into 2026. For 2024, roughly 75% of origination volume is expected to come from purchase loans. The Mortgage Bankers Association (MBA) expects the 30-year fixed-rate mortgages to come down to 6.1% in 2024, followed by 5.5%

Mortgage

Mortgage Buyers Inventory Technology

loanDepot CIO on the evolution of build versus buy over 14 years

Housing Wire

JANUARY 4, 2024

A lot was built around those foundational technologies for what we have today in the Mello system, in the stack that our loan officers love and appreciate. GB: We have a few different things that are in the pipeline and I would tie them to Vision 2025, which our CEO, Frank Martell, outlines as a kind of corporate strategy.

Technology

Technology Loan Officers Modernization Development

Remote work isn’t going anywhere. Should you move to a better location?

Cornerstone

NOVEMBER 12, 2021

By 2025, 36.2 Whether you’d like to trade up to a larger house with a home office, downsize to lower your monthly housing expense, or relocate to a brand-new area: Reach out to a local loan officer to get the personalized service you’ve been looking for. million Americans will be remote, an increase of 16.8

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Guild launches 1% down payment advantage program

Housing Wire

JUNE 13, 2023

The refinance must close no later than December 31, 2025 — and the borrower must have made at least six consecutive on-time payments on the purchase loan before applying to refinance. Qualified borrowers can also take advantage of its payment protection program to refinance with no lender fees if rates drop, the company said.

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DataDigest: Goldilocks and the big IMBs

Housing Wire

AUGUST 16, 2023

Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change. His prediction is that 2025 and 2026 “will be off the charts.” No one comes close to matching its cost management.

Retail

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Many mortgage lenders are like frogs in a slow boil

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” So, what people are now talking about is mid-2024 or maybe 2025 will be a killer [renewed boom].”

Mortgage

Mortgage Marketing Buyers Lending

A property tax reckoning is coming

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. The tax assessment office said there might be a reassessment in 2025. They were approved in December,” he said.

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How to Move Past Student Debt – and Into a Home

Will Springer Realtor

SEPTEMBER 28, 2022

The average student loan payment is $460 a month. And nearly 48M people have student loans. Student debt is no longer just a first-time home buyer problem, says Cale Iorg, a loan officer at Supreme Lending in Alpharetta, Ga. “We We get people in their 40s and 50s who are still paying off student loans.

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Property Appraisal Zone

Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Pennymac issued pink slips to more than 80 staff at year end

Trending Sources

A sub-7% mortgage rate brings holiday cheer

Median payment on purchase mortgage application rises to $2,061

Motto sues UMortgage for ‘tortious interference’ in franchise contract

Alec Hanson named top marketer at loanDepot

The next refi boom’s double-edged sword: EPOs

How EPM plans to win in the TPO channel after exiting retail

Mortgage lenders facing a dark, cold winter

EPM doubles down on wholesale channel, reduces retail footprint

Mat Ishbia talks the ‘loser mentality,’ the controversial ‘ultimatum’ and the years ahead

Will falling mortgage rates entice potential homebuyers off the sidelines?

Will new products stop the bleeding for mortgage lenders?

Frank Martell talks loanDepot’s restructuring, path to profitability and M&As

How LOs, mortgage execs are preparing for 2024

6% mortgage rates are back (for select borrowers)

loanDepot CIO on the evolution of build versus buy over 14 years

Remote work isn’t going anywhere. Should you move to a better location?

Guild launches 1% down payment advantage program

DataDigest: Goldilocks and the big IMBs

Many mortgage lenders are like frogs in a slow boil

A property tax reckoning is coming

How to Move Past Student Debt – and Into a Home

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