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Guaranteed Rate appoints two new executives

Housing Wire

In his new role, Hutchens will oversee a top-ranked book of business in North Carolina. Additionally, he will provide management and mentorship to other loan officers at Guaranteed Rate. Meanwhile, Hutchens returns to Guaranteed Rate after a two-year tenure as a branch leader at Movement Mortgage.

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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 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

Retail 382
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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

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. That makes a smart CRM a “need to have” tool. Not anymore.

Business 423
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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, some newcomers to the industry haven’t been lucky in growing their book of business.

Marketing 393
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How lenders can navigate a shifting market with non-QM loan options

Housing Wire

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Whatever their clients are asking for, they must try and accommodate them as quickly as possible. We have online tools that make it easier to submit applications and expedite response times. We have in-house underwriters.

Marketing 367