Housing Wire

DECEMBER 21, 2021

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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Loan Officers Retail Business Mortgage 433

Housing Wire

OCTOBER 9, 2023

I started focusing on all sorts of stuff: reading books, meditation, eating healthy, exercising consistently. Users can compare current mortgage rates , and use a mortgage payment calculator, a home-value estimator and online loan applications. Users are “cookied” to the loan officer who shares the app with them, Ciardelli explained.

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Loan Officers Mortgage Technology Realtors 414

Housing Wire

SEPTEMBER 12, 2023

“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. . When will the market turn? .

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Loan Officers Investors Mortgage Clients 393

Housing Wire

FEBRUARY 7, 2023

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 most likely acquirers, per the analysts? Rithm Capital , Rocket Mortgage and Mr. Cooper.

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Retail Mortgage Loan Officers Technology 382

Housing Wire

JANUARY 17, 2023

“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. A 5% market will be good.

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Loan Officers Marketing Real Estate Agent Real Estate 396

Housing Wire

APRIL 4, 2022

million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. The purchase price “represents a $72.5 Cracking the code on marketing to the realtor channel.

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Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

NOVEMBER 10, 2022

The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes. The deal adds $2 billion in annual volume, 250 mortgage professionals and 31 branch offices to Movement’s book of businesses. .

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Retail Mortgage Loan Officers Legal 370

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. At the end of 2018, the brokerage had 42 loan officers. By August 2019, that number had skyrocketed to 272.

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Mortgage Loan Officers Brokerage Clients 393

Housing Wire

OCTOBER 22, 2021

It was a great example of why we shouldn’t judge a book by its cover, because the prisoners became my favorite customers. Karen Mayfield: Loan officers. So why do I need an expensive loan officer? They may start online, but typically a loan officer gets involved along the way.

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Loan Officers Retail Mortgage Tools 372

Housing Wire

MAY 10, 2022

Our servicing book is strong. The broker channel continues to grow: 35,000 unique loan officers submitted loans to UWM in 2021, and we think we will have more unique loan officers submitting to us in 2022.”. UWM had $303.4 We make money there too.

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Mortgage Loan Officers Marketing 382

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City.

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Loan Officers Retail Lending Contracts 403

Housing Wire

APRIL 1, 2024

However, during the company’s valuation process, when financial professionals reviewed its books, discoveries of aviation purchases led him to confront Kortas, resulting in his termination as president of NEXA, Grella added. billion in mortgage loans in 2023, according to Kortas. But that’s not the case for the aviation business.

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Brokerage Business Loan Officers Legal 400

Housing Wire

FEBRUARY 11, 2022

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.

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Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

FEBRUARY 7, 2024

Our GAAP results reflect our write-down of our MSR book, which was significantly higher than the over $80 million we reported in GAAP losses,” Nierenberg told analysts. Despite the changes, chief financial officer Nick Santoro said that Rithm is committed to the retail business, which has been “excellent at recapture” with customers.

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Valuation Business Mortgage Loan Officers 401

Housing Wire

AUGUST 31, 2023

With Elite Financing Group’s current book of business and their local relationships, we have the potential of nearly doubling our mortgage closings,” across the country over the next year,” Joshua Harley, CEO of Fathom said in a statement.

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Finance Lending Retail Mortgage 391

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 company has 1,810 loan officers and 482 branches, Modex data shows. .

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Loan Officers Retail Business Mortgage 382

Housing Wire

MARCH 2, 2023

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I I’m hearing from Realtors that some portfolio lenders are offering 5/1 or 5/6 ARMs in the low 5% range that they will keep on their own books until things settle down. That’s tough to compete against.”

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

DECEMBER 16, 2021

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. billion in mortgages between June 2020 and June 2021 and was actively recruiting new loan officers and support staff.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

APRIL 9, 2024

If a stranger starts telling me they can help me get a mortgage, that’s going to have less sway than if my friend from book club at the library shares their firsthand experience with a loan officer who exceeded their expectations. Create internal alignment.

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Modernization Lending Legal Legal Fees 385

Housing Wire

FEBRUARY 15, 2024

The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023. It’s the first-time buyers who are taking advantage of DPAs for FHA loans, said Miki Adams, president of CBC Mortgage Agency , a federally chartered housing finance agency.

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Mortgage Buyers Loan Officers Sellers 442

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. .” Real estate agents and LOs: the great collaboration.

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Buyers Real Estate Agent Real Estate Brokerage 464

Housing Wire

FEBRUARY 9, 2021

Our vertically integrated business model helped make this process easy to implement to start growing volume again by closing loans quickly. HW: How does vertical integration benefit a loan officer? TH: The biggest challenge is getting the attention of lenders and loan officers across the country.

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Lending Loan Officers Business Investors 396

Housing Wire

DECEMBER 27, 2023

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. By the same measure, Guild had just 1.1%

Mortgage 411

Mortgage Retail Lending Sellers 411

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. In addition to our popular bank statement loans, DSCR loans are also seeing a high demand for those getting into the rehab and rental markets. We are well positioned to continue to scale as the market expands.

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Marketing Lending Loan Officers Training 367

Housing Wire

APRIL 13, 2021

That’s especially important during the pandemic, when it’s more likely that buyers and their agents are required to book individual appointments to tour homes, she said. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

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Sellers Buyers Real Estate Agent Real Estate 404

Housing Wire

SEPTEMBER 8, 2022

Mike is an experienced mortgage loan officer. In 2000, Mike’s company used a CRM capable of automating the marketing for its loan officers. He is alive and well and still originating loans in Seattle. His upcoming book “Automate to Great” is due to be published in 2023. Not anymore. Just ask Mike Jamison.

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Business Marketing Technology Tools 423

Housing Wire

AUGUST 3, 2023

HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As million loans service, with approximately $500 billion in unpaid principal balance. Rocket’s mortgage servicing portfolio included more than 2.4

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Clients Business Inventory Mortgage 362

Housing Wire

NOVEMBER 8, 2021

“I just closed two or three transactions with VA loans in 21 days, so you can’t tell me that we can’t close in under 30 days,” said San Diego-based Compass agent Todd Armstrong. Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender.

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Clients Agents Buyers Sellers 393

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Teaching by the book. There are rules in every facet of the mortgage business that loan officers and lenders must follow.

Loan Officers 381

Loan Officers Law Training Lending 381

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. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Real Estate Agent Real Estate Project Management Agents 364

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

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Training Loan Officers Lending Mortgage 380

Housing Wire

NOVEMBER 28, 2023

mortgage lender, Charlotte-based BofA had $229 billion in outstanding residential mortgages on its books through Sept. According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond. A top-20 U.S.

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Law Mortgage Loan Officers Lending 441

Housing Wire

AUGUST 9, 2023

Nunes also sought input from industry experts, lenders and loan officers. Robinson found that 3,122 lenders originated at least one jumbo loan in 2022, and that 138 lenders exited the space last year. The days of banks winning borrowers with extremely low jumbo rates to get their deposits on the books might be waning.

Loan Officers 353

Loan Officers Mortgage Clients Retail 353

Housing Wire

OCTOBER 23, 2023

By the way, some of that is book [losses]. Our cash flow is actually better, still negative, but better than the book losses. We have a very large contingent of loan officers and branch networks. We don’t hold loans on our balance sheet. Nunes: How is loanDepot retaining and attracting loan officers?

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Technology Loan Officers Retail Marketing 414

Housing Wire

SEPTEMBER 6, 2023

This has the potential to save you thousands in LLPA premiums and the borrower tens of thousands in interest expenses over the life of their loan. You can’t judge a book by its cover. Why every loan matters now more than ever Every lender and loan officer reading this article knows what’s happening in the market today.

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Business Mortgage Loan Officers Marketing 390

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. Homepoint reduced its servicing portfolio and completed sales of MSRs of single-family mortgage loans of about $434.5 million during the same period in 2021. . Rocket has 2.6

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Mortgage Lending Business Finance 381

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The loans themselves are… really creditworthy and being marked. But we’re not going to be putting a lot of jumbo, cheap jumbo mortgage loans in our books. They’re obviously going to have a much higher return going forward. year over year.

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Marketing Retail Mortgage Investors 364