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Guaranteed Rate appoints two new executives

Housing Wire

CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. In his new role, Hutchens will oversee a top-ranked book of business in North Carolina.

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Agents fight misconceptions to win deals for military veteran clients

Housing Wire

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. From a lending perspective they are the easiest loan to work with,” Naumovych explained.

Clients 397
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Guild acquires small retail lender Legacy Mortgage

Housing Wire

The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs. The distributed retailer’s volume slipped to $2.7 billion in the fourth quarter of 2022 from $4.4

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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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How should LOs prepare for the market ahead?

Housing Wire

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A These hopes for a declining rate have many loan officers feeling optimistic about 2023’s business prospects after experiencing lower volumes last year. “I A 5% market will be good. Make a plan.

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

Housing Wire

“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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The 2024 mortgage M&A playbook

Housing Wire

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors. Take Planet Home Lending as an example. By the same measure, Guild had just 1.1%

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