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Newrez partners with Newzip to court more homebuyers

Housing Wire

Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services. The program is only eligible for loans that close through Newrez. They will also be offered closing cost credits of up to 0.5% of the sales price when buying a home and up to 1% when selling.

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Nimble pricing engines can give LOs an advantage

Housing Wire

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success.

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. The company has 39 active loan officers across its retail branches, according to Modex data. The distributed retailer’s volume slipped to $2.7 billion in the fourth quarter of 2022 from $4.4

Retail 384
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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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Opinion: How marketing automation saved an LO’s business

Housing Wire

People who invest in technology often ask the question: is this a “nice to have,” or a “need to have?” Few have the resources to invest in technologies they don’t need. What’s the worst that can happen if we don’t invest in this technology?”. Mike is an experienced mortgage loan officer. Not anymore.

Business 428
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 365
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Rocket has a profitable quarter and a new CEO

Housing Wire

Our focus on servicing clients through innovation in this challenging market is working,” Bill Emerson, interim CEO of Rocket Companies, told analysts in its earnings call. million loans service, with approximately $500 billion in unpaid principal balance. Rocket generated $22.3 The number of Rocket accounts grew to 29.3

Clients 345