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

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In wake of scandal, LOs say continuing education programs get failing grade?

Housing Wire

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. In short, they say, the classes are not particularly relevant, and represent a big missed opportunity.

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HW+ Member Spotlight: Karen Mayfield

Housing Wire

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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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.

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