Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. I started focusing on all sorts of stuff: reading books, meditation, eating healthy, exercising consistently. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender.

Loan Officers 413

Loan Officers Mortgage Technology Realtors 413

Housing Wire

FEBRUARY 7, 2023

Acquisitive lender Guild Mortgage on Tuesday announced the acquisition of Legacy Mortgage , increasing its footprint in the Southwest. The lender originated approximately $309 million in mortgages in 2022, according to data from mortgage technology platform Modex. Rithm Capital , Rocket Mortgage and Mr. Cooper.

Retail 382

Retail Mortgage Loan Officers Technology 382

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. million premium over Bay Equity’s tangible book value” as of Feb.

Mortgage 365

Mortgage Real Estate Agent Loan Officers Agents 365

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. Kortas said the company is confident that Smart Mortgage’s claims will be found to lack merit.

Mortgage 385

Mortgage Loan Officers Brokerage Clients 385

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 375

Real Estate Agent Real Estate Agents Loan Officers 375

Housing Wire

APRIL 1, 2024

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.

Loan Officers 350

Loan Officers Technology Tools Marketing 350

Housing Wire

MAY 10, 2022

The nation’s largest wholesale lender, United Wholesale Mortgage (UWM), in the first quarter of 2022 posted an increase in margins and profits over the prior quarter, increasing its purchase volumes to record levels. First quarter earnings were buoyed by a $172 million increase in the fair value of mortgage servicing rights (MSRs).

Mortgage 378

Mortgage Loan Officers Marketing 378

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.” Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

Loan Officers 433

Loan Officers Retail Business Mortgage 433

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 429

Mortgage Buyers Loan Officers Marketing 429

Housing Wire

DECEMBER 27, 2023

Guild Mortgage has an ambitious plan under the leadership of its new CEO, Terry Schmidt. 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. nationally, per Inside Mortgage Finance (IMF) estimates. It won’t be easy. exits and 3.2%

Mortgage 366

Mortgage Retail Lending Sellers 366

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

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. However, the Freedom case represented a “wakeup call.”

Real Estate Agent 404

Real Estate Agent Loan Officers Real Estate Agents 404

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 339

Mortgage Loan Officers Retail Training 339

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. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. Teaching by the book.

Loan Officers 344

Loan Officers Law Training Lending 344

Housing Wire

APRIL 1, 2024

Former NEXA Mortgage president Mat Grella has accused his partner at the firm, Mike Kortas, of making aircraft-related purchases with company money without his consent, resulting in his “abrupt” termination from the company. I had some concerns about where our focus was because it had shifted away from mortgages and more on aviation.

Brokerage 334

Brokerage Business Loan Officers Legal 334

Housing Wire

SEPTEMBER 1, 2020

There’s a lot of mortgages to be processed. 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.

Loan Officers 372

Loan Officers Retail Lending Contracts 372

Housing Wire

JANUARY 17, 2023

The latest numbers have many in the industry starting the year on a hopeful note, with the possibility that we’ll see mortgage rates returning to the 5% range in 2023. The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good. Make a plan. “It

Loan Officers 336

Loan Officers Marketing Real Estate Agent Real Estate 336

Housing Wire

OCTOBER 22, 2021

This week’s HW+ spotlight features Karen Mayfield, head of National Retail Sales at Wyndham Capital Mortgage. In her role, Mayfield is tasked with expanding on the company’s digital roots into the retail mortgage environment. Karen Mayfield: Loan officers. So why do I need an expensive loan officer?

Loan Officers 310

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. Nunes also sought input from industry experts, lenders and loan officers. By contrast, the overall mortgage market declined 61% year over year in Q1 2023.

Loan Officers 285

Loan Officers Mortgage Clients Retail 285

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. million production volume across 495 loans in the past year, according to Modex.

Finance 349

Finance Lending Retail Mortgage 349

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

Mortgage 438

Mortgage Buyers Loan Officers Sellers 438

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. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

Marketing 382

Marketing Real Estate Agent Loan Officers Advertising 382

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.

Training 337

Training Loan Officers Lending Mortgage 337

Housing Wire

FEBRUARY 7, 2024

In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing business. Lower interest rates, however, reduced the value of mortgage servicing rights (MSR) in the final three quarters of the year and affected the company’s overall performance during the period. million in 2023.

Valuation 335

Valuation Business Mortgage Loan Officers 335

Housing Wire

NOVEMBER 22, 2022

Movement Mortgage CEO Casey Crawford and President Mike Brennan. Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. The shrinking mortgage market is the primary reason why. Mike Brennan, president of movement mortgage.

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

JULY 16, 2021

While the Federal Housing Administration ‘s Home Equity Conversion Mortgage program has seen improved performance, there are still several key areas of concern. Joseph arrives in her new role with a useful background – she worked as a loan officer earlier in her career. Reverse mortgage industry performance.

Mortgage 340

Mortgage Insurance Loan Officers Business 340

Housing Wire

APRIL 9, 2024

Forecasts in the industry predict that most mortgage growth over the next several years will come from MMCTs and BIPOC communities. The future of the mortgage industry is increasingly diverse. Total Mortgage Volume Forecast, multicultural households will account for about $2.2 More recently, Patriot Bank paid $1.9

Modernization 316

Modernization Lending Legal Legal Fees 316

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. Mike Jameson doesn’t think this, however. Not anymore.

Business 399

Business Marketing Technology Tools 399

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. billion in sold loans through its direct-to-consumer channel and $9.6 What’s ahead for Q3?

Clients 303

Clients Business Inventory Mortgage 303

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 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. 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.

Marketing 319

Marketing Lending Loan Officers Training 319

Housing Wire

APRIL 5, 2021

And even with fast-rising home prices and an uptick in mortgage rates , 30% of those surveyed said they wouldn’t move to an area with natural disasters or rising sea levels even if home prices were affordable. Approximately 80% of the 2,000 surveyed said natural disasters would keep them from moving to a specific part of the country.

Buyers 432

Buyers Real Estate Agent Real Estate Brokerage 432

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. and Portland, Oregon (1).

Sellers 404

Sellers Buyers Real Estate Agent Real Estate 404

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. And not just adding tons of people — that is the traditional model in mortgages. lender in 2022 to 13th in the first half of 2023, per Inside Mortgage Finance estimates. We’re stable.

Technology 388

Technology Loan Officers Retail Marketing 388

Housing Wire

FEBRUARY 9, 2021

Last June, Angel Oak Mortgage Solutions was bracing itself for an influx of non-QM borrowers after the pandemic. We have already prepared for that knowing mortgage originators will need solid non-QM loans to get deals closed. . HW: How does vertical integration benefit a loan officer?

Lending 327

Lending Loan Officers Business Investors 327

Housing Wire

MAY 16, 2022

As refinancing became less appealing, lenders also sold off a large portion of mortgage servicing rights (MSRs), cut costs and diversified revenue stream to survive the mortgage storm. Rocket Companies ($1 billion), United Wholesale Mortgage ($453.2 million from servicing mortgages during that period, up $64.8

Mortgage 353

Mortgage Lending Business Finance 353

Housing Wire

AUGUST 9, 2023

This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. Our analysis of Home Mortgage Disclosure Act (HMDA) data focuses on conventional, non-conforming first-lien mortgages used to purchase or refinance single-family dwellings. billion), U.S.

Marketing 307

Marketing Retail Mortgage Investors 307