Housing Wire

AUGUST 3, 2022

Some just got too big, so when markets changed, they didn’t have a way to support the staff. My question is when will we be honest with our staff? All operations staff is temporary. Imagine a bank with no processors, underwriters or closers on staff. To contact the author of this story: BJ Witkopf at bj@witkopf.net.

Mortgage 399

Mortgage Contracts Human Resources Training 399

Housing Wire

JANUARY 24, 2022

The board would also appoint the agency’s rule-writing staff — and they would be creditors, too. The staff wouldn’t have to give up their industry perches while they wrote rule, and the rules they wrote would not only set the standards for industry practices, but also the criteria for entering it. Regulation tango.

Government 369

Government Appraisal Reconsideration of Value Lending 369

Housing Wire

JANUARY 10, 2024

Nonbank mortgage lender and servicer Pennymac Financial Services scrapped its plans to hire more than 300 staff in North Carolina due to prolonged periods of elevated interest rates. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9 million over the course of 12 years.

Investing 355

Investing Development Tenants Loan Officers 355

Housing Wire

APRIL 20, 2022

The GAO said that the VA lacked the staff to run the lending program and failed to inform communities that it exists. This memorandum authorizes a tribe to serve as a trustee, in turn protecting the VA’s financial interests in case of foreclosure and resale of collateral. from 2012 to 2021.

Government 537

Government Lending Development Legal 537

Housing Wire

NOVEMBER 10, 2022

In addition, companies such as NewRez, Better.com and Wells Fargo filed Worker Adjustment and Retraining Notifications (WARN) with authorities across different U.S. It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. Not much better.

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

JUNE 10, 2022

Doorway will continue operating under its name, while Priority’s loan originators and operations staff will become part of Doorway, going to market under its new moniker: “Priority Mortgage Team, Powered by Doorway Home Loans.”.

Mortgage 391

Mortgage Technology Retail Lending 391

Housing Wire

SEPTEMBER 22, 2023

Arm your agents and staff with talking points on why this is the best course of action for the brokerage and how it will benefit them. To contact the author of this story: Stephen Meadows at stephenmeadows@premiermove.com To contact the editor responsible for this story: Deborah Kearns at deborah@hwmedia.com

Brokerage 414

Brokerage Agents Real Estate Business 414

Housing Wire

JANUARY 5, 2023

The facts outlined in the lawsuit show that problems at Sprout started months before the company shut down its operations in early July when it laid off its entire staff without severance or their last paychecks. The facts are under investigation by New York authorities.

Insurance 438

Insurance Loan Officers Mortgage Business 438

Housing Wire

FEBRUARY 20, 2024

To succeed, companies will need to empower their teams with the tools, training and decision-making authority to help them win share on a loan-by-loan, borrower-by-borrower basis as quickly as possible. Empowerment will start with lenders equipping their teams with the best technology.

Loan Officers 414

Loan Officers Technology Lending Tools 414

Housing Wire

JUNE 27, 2023

The lawsuit, filed in Orange County, alleges that Adam Levine, the chief of staff to CEO Steven Sugarman, began reporting illegal activity by the company’s employees in February 2023 to Sugarman and other executives and board members. ”

Investors 337

Investors Law Insurance Lending 337

Housing Wire

JANUARY 2, 2024

Among the worst of several inefficient legacy mortgage traditions is our industry’s impulse to staff up during boom cycles and to let folks go when demand cools. To contact the editor responsible for this story: Sarah Wheeler at sarah@hwmedia.com To contact the author of this story: Brent Chandler at brent.chandler@formfree.com

Mortgage 419

Mortgage Modernization Finance Supply Chain 419

Housing Wire

AUGUST 3, 2023

The 8th Circuit Court of Appeals’ three-judge panel concurred with a lower district court’s decision that HomeServices is not permitted to enforce arbitration agreements signed by seller clients of franchisees under its authority.

Realtors 341

Realtors Real Estate Sellers Buyers 341

Housing Wire

JUNE 7, 2022

Once the lender is operating in several states with multiple branches and a large cadre of vendors, the institution must either open and staff a number of separate centralized processing centers or find a better technology solution. To contact the author of this story: Shamit Vohra at at Shamit.vohra@visionet.com.

Lending 313

Lending Mortgage Technology Modernization 313

Housing Wire

MARCH 20, 2023

Operations staff equally need to pay attention to how they communicate to home loan applicants. To contact the author of this story: Dustin Owen at dowen@waterstonemortgage.com To contact the editor responsible for this story: Tracey Velt at tracey@hwmedia.com

Clients 395

Clients Mortgage Finance Sellers 395

Housing Wire

JUNE 16, 2023

A former CrossCountry Mortgage employee accused her immediate superior at a branch in Georgia of sexual harassment and said the mortgage company retaliated against her after she lodged complaints with the human resources department and federal authorities.

Human Resources 353

Human Resources Mortgage Retail Legal 353

Housing Wire

JUNE 30, 2023

Like its peers, Movement has the authority to originate and underwrite loans without first having the government review them. Per the whistleblowers’ lawsuit, Movement’s inexperienced underwriting staff routinely made basic errors related to property calculating borrowers’ income, debts, and assets.

Government 394

Government Insurance Mortgage Legal 394

Housing Wire

DECEMBER 1, 2021

As a result, he bounced checks to more than 60 taxing authorities, causing borrowers to default on their taxes. The position at the time was a volunteer role, unlike the lobbying group’s current office of president, which is a paid staff position.

Mortgage 536

Mortgage Insurance Lending Government 536

Housing Wire

DECEMBER 23, 2021

The FYI Initiative allows public housing authorities to request housing choice vouchers (HCVs) for young adults who have recently left foster care and have nowhere to live. To contact the author of this story: R. This column does not necessarily reflect the opinion of HousingWire’s editorial department and its owners.

Design 330

Design Development Government Lending 330

Housing Wire

AUGUST 7, 2023

The reckoning has brought staff reductions, loan repurchases, higher reserves and mass consolidation. To contact the author of this story: Stuart McFarland at info@placesplatform.net To contact the editor responsible for this story: Sarah Wheeler at sarah@hwmedia.com

Real Estate 351

Real Estate Supply Chain Architecture Brokerage 351

Appraisal Buzz

MAY 23, 2022

How many appraisers do you think started out as trainees in a big firm, or worked as a staff appraiser as a newbie, and went out on their own to create their own businesses? Spencer Johnson, Co-author of Who Moved My Cheese? Most of the appraisers that identify with Scurry and Sniff, that’s who! Life moves on, and so should we.”

Appraisal 320

Appraisal Business Mortgage Modernization 320

Housing Wire

MARCH 31, 2021

A 2020 study revealed the top reason businesses outsource is cost reduction (70%) and close behind is greater flexibility (40%), but lenders are often reluctant to trust their customer experience and processes to staff they didn’t hire or train. One of Computershare Loan Services ’ core competencies is managing sensitive data.

Marketing 396

Marketing Clients Training Technology 396

Housing Wire

DECEMBER 21, 2021

However, as the demand for refinancing slows down, many lenders will be left with idle staff, and the unfortunate result will see lenders balancing staffing to match application volume. To contact the author of this story: Avi Marcus at amarcus@ocrolus.com. Automation is the solution.

Mortgage 404

Mortgage Tools Lending Development 404

Housing Wire

FEBRUARY 22, 2022

Professional builders who understand the current situation know only to engage in a stream of work that is manageable with their current staff or enter into flexible contracts that are malleable to the market prices of supply materials and labor. To contact the author of this story: Russ Stephens at russstephens@apbbuilders.com.

Construction 430

Construction Contracts Supply Chain Business 430

GoForrmz

NOVEMBER 30, 2021

Expediting the authorization process and onboarding of new children allows your staff to focus on more important tasks and eliminates administrative hours. This avoids the timely process of parents/guardians coming into the facility and allows them the flexibility to fill it out from their mobile devices.

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Housing Wire

OCTOBER 22, 2020

The MBA ’s economic research team of Dr. Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 To contact the author of this story: Dave Stevens at dave@davidhstevens.com. trillion, the second-largest origination year in U.S. history next to 2003.

Mortgage 430

Mortgage Training Contracts Loan Officers 430

Housing Wire

JANUARY 19, 2022

FinCEN’s proposed regulation, outlined in an “advanced notice of proposed rulemaking” published in the Federal Register , seeks to create general recordkeeping and reporting mandates — now authorized under the Bank Secrecy Act — for persons involved in all-cash real estate transactions. FinCE N is a law enforcement arm of the U.S.

Real Estate Agent 467

Real Estate Agent Real Estate Agents Insurance 467

Housing Wire

AUGUST 17, 2020

Chris Bennett Guest Author. Jeff Bode Guest Author. One need only take a look at the havoc wreaked by COVID-19 – delays due to staff working remotely, lost/misplaced documents, etc. – There is no denying that eNotes would eliminate many of the challenges lenders face in working with their document custodians.

Investors 209

Investors Investing Mortgage 209

Housing Wire

JUNE 9, 2022

Yoon said the Q1 rate crisis did force Excelerate to furlough some of its staff, “less than 5%,” but he added that most of those furloughed have since returned to work. We did a small rightsizing, probably less than 5% [of our staff], and most of them were furloughed,” Yoon said. “We The company currently employs about 450, he added.

Marketing 389

Marketing Contracts Technology Mortgage 389

Housing Wire

FEBRUARY 8, 2022

Consequently, they built an additional foreclosure and loss mitigation capability, added staff and rethought processes to contact borrowers. Each state has the authority to implement laws for servicers to review borrowers’ situations before foreclosure, and I expect states to strengthen their laws,” Walsh said.

Law 361

Law Mortgage Legal Finance 361

Housing Wire

FEBRUARY 28, 2022

Accordingly, retention will soon become a major strategic priority for title employers seeking to maintain a qualified staff at adequate levels. To contact the author of this story: Jimmy Lewis at jimmy@truefocusnow.com. All of this adds up to a disheartening response rate when title employers seek to add employees.

Human Resources 381

Human Resources Business Agents Technology 381

Housing Wire

SEPTEMBER 23, 2020

The tool is specially configured to help lenders and servicers track practices and performance and manage complex loan forbearances and modifications authorized under the CARES Act. Today, it’s hard to know with certainty if a servicing operation’s staff are being entirely fair and nondiscriminatory.

Lending 354

Lending Tools Technology Mortgage 354

Housing Wire

APRIL 7, 2022

Right now, 38 states have approved legislation authorizing RON in some capacity. In addition to complying with state laws, you must make a plan on how to train and certify staff and comply with the rules and expectations set by your underwriting and lending partners. The result? Where can you perform a RON closing?

Law 365

Law Technology Insurance Agents 365

Housing Wire

MAY 12, 2022

That means enough loan officers on staff to engage proactively with clients, to educate them and to build the trust that can only be achieved between two humans. To contact the author of this story: Michael Bernstein at mike@lendfriendhomeloans.com. That means reducing response times from days to hours.

Lending 326

Lending Marketing Technology Contracts 326

Housing Wire

NOVEMBER 9, 2021

Already, the traditional cost-cutting strategies of staff reduction or attrition and the introduction of additional tech and automation to the process are being implemented widely. To contact the author of this story: Regina Braga at rbraga@res-title.com. Regina Braga is COO at Res/Title. The post Opinion: Thin margins?

Mortgage 339

Mortgage Clients Training Marketing 339

GoForrmz

OCTOBER 26, 2021

With Required fields, like Signatures , teams can be sure that all necessary paperwork is authorized and in compliance with their company procedures. Manufacturers can rely on their staff in the field to fill out forms in a timely manner and avoid unsafe conditions and processing time for incidents.

Inspection 147

Inspection Inventory Property Management 147

Housing Wire

APRIL 30, 2021

With access to efficient, outsourced teams that integrate seamlessly into their own lending staff, these lenders are now able to grab increased volume and market share through affordable technology and scalable loan fulfillment. To contact the author of this story: Brian Simons at brian@himaxwell.com.

Marketing 260

Marketing Technology Lending Business 260

Housing Wire

MARCH 21, 2022

I’ve even seen purchases made solely for the quality of staff to be rolled into a larger, central operations model. Perhaps a newly merged company brings an especially efficient and skillful staff into the larger entity, with the obvious positive impact on the total business’ performance. Expect some staff turnover as well.

Business 341

Business Sellers Buyers Valuation 341