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. Presented by: Black Knight.

Loan Officers 433

Loan Officers Retail Business Mortgage 433

Housing Wire

JUNE 22, 2023

AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage. “In today’s market, as soon as you pull credit, there are 30 companies buying trigger leads that are calling and undercutting you (…).

Loan Officers 322

Loan Officers Mortgage Real Estate Agent Business 322

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.

Loan Officers 413

Loan Officers Mortgage Technology Realtors 413

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.

Loan Officers 392

Loan Officers Investors Mortgage Clients 392

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 399

Business Marketing Technology Tools 399

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.

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Real Estate Agent Loan Officers Real Estate Agents 404

Housing Wire

FEBRUARY 7, 2023

This acquisition is part of the company’s continued plan to grow both in existing markets and by entering new ones with selective acquisitions of like-minded lenders,” Guild CEO Mary Ann McGarry said in a statement. The company has 39 active loan officers across its retail branches, according to Modex data.

Retail 382

Retail Mortgage Loan Officers Technology 382

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. Cracking the code on marketing to the realtor channel. Presented by: 1000watt.

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Mortgage Real Estate Agent Loan Officers Agents 365

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 319

Marketing Lending Loan Officers Training 319

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. .

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

MAY 10, 2022

But the Pontiac, Michigan-based lender’s total loan production fell during the same period, reflecting a shrinking mortgage market. . Our servicing book is strong. We control our margins; we are not reactive to the market,” Ishbia said. The company on Tuesday reported $453.2 UWM had $303.4 We make money there too.

Mortgage 378

Mortgage Loan Officers Marketing 378

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. Citizens is not alone.

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Loan Officers Retail Lending Contracts 372

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 307

Marketing Retail Mortgage Investors 307

Housing Wire

OCTOBER 22, 2021

With more than two decades in the industry, Mayfield most recently served as a division lending executive at Citi , where she oversaw up to four of Citi’s six markets. 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.

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Loan Officers Retail Mortgage Tools 310

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 285

Loan Officers Mortgage Clients Retail 285

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 429

Mortgage Buyers Loan Officers Marketing 429

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

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.

Finance 349

Finance Lending Retail Mortgage 349

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 339

Mortgage Loan Officers Retail Training 339

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.

Brokerage 334

Brokerage Business Loan Officers Legal 334

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.

Real Estate Agent 296

Real Estate Agent Real Estate Project Management Agents 296

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. A $296 million mark-to-market in the MSR portfolio affected the company’s performance. Overall, the company reported a GAAP net loss of $87.5 million in 2023.

Valuation 335

Valuation Business Mortgage Loan Officers 335

Housing Wire

APRIL 13, 2021

Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather. Data gathered from Redfin showed that listings of homes for sale get 64% more views the day they first hit the market than the day after a price drop.

Sellers 404

Sellers Buyers Real Estate Agent Real Estate 404

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 388

Technology Loan Officers Retail Marketing 388

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 366

Mortgage Retail Lending Sellers 366

Housing Wire

APRIL 9, 2024

Right now, the market is facing a unique alignment of regulatory focus, community need, and opportunity. By leveraging data to identify gaps in their market coverage, lenders are able to adjust their strategy not only to increase lending in MMCTs and LMI neighborhoods but also to avoid risky penalties. Create internal alignment.

Modernization 316

Modernization Lending Legal Legal Fees 316

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.

Mortgage 438

Mortgage Buyers Loan Officers Sellers 438

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.

Buyers 432

Buyers Real Estate Agent Real Estate Brokerage 432

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

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Clients Business Inventory Mortgage 303

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 vertically integrated business model helped make this process easy to implement to start growing volume again by closing loans quickly.

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Lending Loan Officers Business Investors 327

Housing Wire

SEPTEMBER 6, 2023

If there was a chance that a new loan application was sitting in a corner of your office right now, would you look for it? This is not a market where any lender can afford to lose a prospective mortgage deal — every loan matters. You can’t judge a book by its cover. Of course you would.

Business 343

Business Mortgage Loan Officers Marketing 343

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 Loan origination volume dropped 26% to $21.6 Rocket has 2.6

Mortgage 353

Mortgage Lending Business Finance 353

Housing Wire

JULY 16, 2021

Joseph arrives in her new role with a useful background – she worked as a loan officer earlier in her career. to 44,661 loans for the full 2020 calendar year, according to data compiled by Reverse Market Insight (RMI). Last year’s HECM volume finished on a strong note by rising 27.3%

Mortgage 340

Mortgage Insurance Loan Officers Business 340

Housing Wire

NOVEMBER 8, 2021

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. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 378

Clients Agents Buyers Sellers 378

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?

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Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Like Fannie Mae, its primary mission is to help make the housing market more stable. housing market. What Is Fannie Mae?

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Government Housing Market Mortgage Investors 36