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. For lenders and brokerages, the risks of LOs or agents overstepping are high.

Real Estate Agent 404

Real Estate Agent Loan Officers Real Estate Agents 404

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. 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.

Loan Officers 365

Loan Officers Agents Retail Technology 365

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. “They are currently a beacon of light in a mortgage industry that’s been dim for the last couple years.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

Mortgage 379

Mortgage Lending Brokerage Agents 379

Housing Wire

JULY 18, 2023

In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. He has a background in managing sales operations and brokering transactions between clients in the U.S. Agent recruitment has been off to a strong start this month at The Agency Dallas.

Agents 352

Agents Loan Officers Brokerage Clients 352

Housing Wire

NOVEMBER 16, 2022

By the time 2022 is wrapped up, mortgage lenders will have originated about $2.2 trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Who wants to be in the mortgage business?

Buyers 398

Buyers Mortgage Sellers Investing 398

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 374

Buyers Agents Loan Officers Real Estate 374

Housing Wire

NOVEMBER 28, 2023

The savvy real estate agents and loan officers see this not a crisis but a golden opportunity. This is a call to arms for real estate agents and loan officers ready to seize the day. Your clients need a guide, and you are poised to be that guiding light. You need to own the narrative with your clients.

Real Estate 287

Real Estate Real Estate Agent Loan Officers Clients 287

Housing Wire

APRIL 20, 2021

In the past year, among the many challenges and difficulties brought on by the COVID-19 pandemic, the real estate and mortgage industries enjoyed a wave of success with low interest rates, refinance opportunities and etc. But if you’ve gotten this far I want to ask this question: how good is your real estate or mortgage CRM software?

Real Estate 404

Real Estate Mortgage Loan Officers Advertising 404

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

APRIL 3, 2024

mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The lawsuit follows Monday’s report from Hunterbrook Media indicating that UWM pressures brokers to send loans its way.

Loan Officers 447

Loan Officers Mortgage Business Retail 447

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. About 40% of his business came from refis in the summer of 2021 even when his focus was on purchase mortgages his entire career. And he’s far from alone.

Housing Market 401

Housing Market Marketing Brokerage Real Estate 401

Housing Wire

APRIL 26, 2023

Arizona-based lender On Q Financial will form a multi-partner mortgage banking joint venture with HomeCo Partners , a consortium of real estate brokerages and a builder, HousingWire has learned. Having the ability to do a consortium joint venture like this gives us the ability to grow with our clients,” Lamb said.

Real Estate 389

Real Estate Brokerage Retail Business 389

Housing Wire

JULY 7, 2021

Adwerx is the only digital advertising service designed specifically for leading mortgage lenders to automate compliant, individualized ads for loan officers and branches, and deploy digital marketing at scale to reach prospects directly, build brand awareness, and increase the productivity, recruiting, and retention of loan officers. #1.

Real Estate 277

Real Estate Advertising Loan Officers Design 277

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Retail 365

Retail Mortgage Loan Officers Marketing 365

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officers 334

Loan Officers Marketing Inventory Real Estate Agent 334

Housing Wire

NOVEMBER 10, 2021

Despite a net loss of $100 million in the third quarter of 2021, Compass CEO Robert Reffkin said he was thrilled with how the brokerage had performed. “I Reffkin and CFO Kristen Ankerbrandt, stressed, however, that they firmly believe that the brokerage is on track to achieve profitability in 2022.

Brokerage 362

Brokerage Client Relationships Agents Loan Officers 362

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. Purchase loans grew from 24.9%

Mortgage 301

Mortgage Real Estate Agent Real Estate Clients 301

Housing Wire

NOVEMBER 23, 2021

Guaranteed Rate ’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the loan officer has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday. The figure is believed to be a record for a retail loan originator. billion in origination volume, across 3,551 loans.

Loan Officers 283

Loan Officers Brokerage Retail Clients 283

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Among mortgage brokers, Cohen ranked first. Cohen funded $751.4 I’m doing a lot of HELOCs.

Marketing 313

Marketing Mortgage Inventory Loan Officers 313

Housing Wire

AUGUST 25, 2022

But there’s another threat that Homepoint executives must worry about – United Wholesale Mortgage (UWM), the top dog in wholesale, has embarked on a strategy of heavy price cutting, forcing Homepoint and others to limbo to compete for business. That has contributed to UWM’s competitors taking losses on loans when they can least afford it.

Mortgage 385

Mortgage Loan Officers Finance Investors 385

Housing Wire

JUNE 1, 2021

The deal will allow Black Knight access to Top of Mind’s brain child, Surefire, a customer relationship management system and marketing automation software for the mortgage lending industry. ” The software boasts an all-in-one connectivity between LOSs, CRM, POSs, lead sources and sales acceleration systems. .

Clients 423

Clients Loan Officers Real Estate Brokerage 423

Housing Wire

FEBRUARY 1, 2021

The wholesale mortgage lending division of Rocket Companies has launched a national mortgage broker directory on its website, providing potential leads to mortgage brokers and also poking at its biggest rival, United Wholesale Mortgage , in the process. A mortgage broker can be your trusted guide close to home. .”

Mortgage 259

Mortgage Loan Officers Advertising Real Estate Agent 259

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. billion in mortgages last year. Guaranteed Rate’s $73.9

Brokerage 293

Brokerage Real Estate Agents Clients 293

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

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

OCTOBER 22, 2021

There are many more moving pieces and loan originators spend a great deal of time communicating with clients and their real estate agents. Rocket Pro TPO helps accelerate the entire mortgage process with underwriting speed and by offering brokers’ clients the information they need in a concise and clear format. .

Tools 344

Tools Clients Technology Real Estate Agent 344

Housing Wire

OCTOBER 7, 2022

With mortgage rates on the rise, mortgage professionals have been dealing with their fair share of challenges this year. Williams IV : Mortgage market volatility should not be having a huge impact on quality deal flow if your tech stack is tried and true. HousingWire recently spoke with Charles J. being brought into existence.

Housing Market 327

Housing Market Real Estate Agent Marketing Real Estate 327

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 316

Technology Real Estate Agent Loan Officers Lending 316

Housing Wire

JUNE 24, 2021

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. For more information, visit getbuyside.com or email sales@getbuyside.com.

Valuation 282

Valuation Real Estate Agent Real Estate Clients 282

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 318

Real Estate Brokerage Real Estate Agent Technology 318

Housing Wire

APRIL 30, 2021

The same can be said about the mortgage industry as an ecosystem, and its technology as the coral reef. If mortgage professionals use different systems and software that don’t work well together, how can the mortgage ecosystem survive? Right now, the mortgage ecosystem is fractured. Fractured mortgage ecosystem.

Mortgage 302

Mortgage Technology Investors Lending 302

Housing Wire

FEBRUARY 22, 2023

The mortgage process involves many moving pieces and relationships with a variety of stakeholders. The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home.

Real Estate 345

Real Estate Real Estate Agent Loan Officers Agents 345

Housing Wire

AUGUST 20, 2021

In 2016, Brad Sullivan’s Mortgage Financial Services ruled the roost in housing with a rank of 733. And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020. Mortgage Bankers Association data reports that total mortgage origination volume in 2019 came in at $2.25 Top Verticals.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space.

Loan Officers 294

Loan Officers Real Estate Agent Technology Clients 294

Housing Wire

APRIL 5, 2021

25 and March 1, 628 said they would move due to natural disasters, extreme temperatures, and rising sea levels in their area, according to real estate brokerage Redfin, which conducted the survey. “I had one client in St. Out of 2,000 people surveyed between Feb. ” Real estate agents and LOs: the great collaboration.

Buyers 432

Buyers Real Estate Agent Real Estate Brokerage 432

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. Our focus at Propertybase is to make collaboration between consumers, agents and loan officers as easy as shopping from third-party sellers on Amazon.

Real Estate Agent 275

Real Estate Agent Real Estate Agents Loan Officers 275