Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. trillion or $1.7

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. Without marketing automation, he probably would have been right. Not anymore.

Business 423

Business Marketing Technology Tools 423

Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

Marketing 367

Marketing Lending Loan Officers Training 367

Housing Wire

MARCH 2, 2023

But recent consumer price reports and a strengthening jobs market have led to a boomerang effect on mortgage rates, said Sam Khater, Freddie Mac’s chief economist. Lower mortgage rates back in January brought buyers back into the market. Applications have definitely slowed down in the last few weeks.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. million loans service, with approximately $500 billion in unpaid principal balance. Rocket generated $22.3

Clients 362

Clients Business Inventory Mortgage 362

Housing Wire

NOVEMBER 22, 2022

. “Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The shrinking mortgage market is the primary reason why. billion in annual mortgage loan volume to its platform. . It added $1.5

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

DECEMBER 16, 2021

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgage 411

Mortgage Retail Lending Sellers 411

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. . “I had one client in St. .” Real estate agents and LOs: the great collaboration.

Buyers 464

Buyers Real Estate Agent Real Estate Brokerage 464

Housing Wire

FEBRUARY 9, 2021

This year will likely be driven by a record purchase market. We have already prepared for that knowing mortgage originators will need solid non-QM loans to get deals closed. . Our focus has always been on relationships, customer service and delivering an outstanding client experience. We make loans that make sense.

Lending 396

Lending Loan Officers Business Investors 396

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Is it having a happy client who will be a great reference? Is it closing on time?

Real Estate Agent 364

Real Estate Agent Real Estate Project Management Agents 364

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 364

Marketing Retail Mortgage Investors 364

Housing Wire

AUGUST 9, 2023

Over the last year, the nation’s largest banks, spooked by surging rates and increased regulatory risks, have shied away from the jumbo mortgage market. Economic conditions, however, are opening up space for new entrants eying market share. Nunes also sought input from industry experts, lenders and loan officers.

Loan Officers 353

Loan Officers Mortgage Clients Retail 353

Housing Wire

OCTOBER 23, 2023

In fact, loanDepot recently showed the market that it’s considering acquisitions by appointing industry veteran Dan Hanson as executive director of enterprise partnerships and acquisitions. Amid a shrinking market, Vision 2025 was extended into 2026 and beyond, Martell said. By the way, some of that is book [losses].

Technology 414

Technology Loan Officers Retail Marketing 414

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MAY 16, 2022

Rocket posted a 17% year-over-year increase of $546 billion in unpaid principal balance as of March 31 regarding its servicing book. million clients in the servicing portfolio and generates $1.4 Homepoint reduced its servicing portfolio and completed sales of MSRs of single-family mortgage loans of about $434.5 Rocket has 2.6

Mortgage 381

Mortgage Lending Business Finance 381

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. No one is allowed to provide a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

MAY 12, 2023

Fannie Mae will end up creating more instability for the trillions in the bond market – investors will have to process millions of valuations with the physical attributes of the home collected by unlicensed, uninsured, and unprepared individuals getting paid $10-$25 per inspection. Very tough market now with many layoffs.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

OCTOBER 10, 2023

And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I The same happens with concert or sports tickets as a marketing opportunity.

Real Estate Agent 440

Real Estate Agent Loan Officers Real Estate Agents 440