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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Opinion: Why aren’t more commercial brokerages seeking affiliated arrangements?

Housing Wire

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties.

Brokerage 361
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Meet the likely buyers of independent mortgage banks in 2023

Housing Wire

But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. The plug-and-play and brokerage routes. trillion to $1.7

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Patton Gade, top LO for VA loans, heads to UMortgage

Housing Wire

last year, has joined brokerage firm UMortgage , the company announced on Tuesday. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. The brokerage firm claims it gains 65 basis points from each loan, works with 20 lenders and takes 14 calendar days on average to close a loan.

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This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

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MC Mortgage Group joins UMortgage platform

Housing Wire

MC Mortgage Group, a mortgage brokerage based in Wilmington, North Carolina, serves homebuyers across North and South Carolina. Patrick Stoy , president of MC Mortgage Group, established the brokerage in 2005 and brings with him 24 years of experience in the housing industry.

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Ex-Wyndham Capital Mortgage exec launches Cornerstone Home Loans 

Housing Wire

Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). So opening up a brokerage was kind of always on my mind.

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