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Yoga and a mortgage? Guaranteed Rate has a new app for that

Housing Wire

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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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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Redfin closes $138M deal for mortgage lender

Housing Wire

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.

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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. Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021.

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The 7% mortgage is back with a vengeance

Housing Wire

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.”

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Bridging the gaps in the home buying process

Housing Wire

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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Rocket has a profitable quarter and a new CEO

Housing Wire

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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