Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He shows up for open houses and teaches courses at real estate brokerage firms, which allowed him to build relationships with agents throughout his career.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

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 402

Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

OCTOBER 3, 2023

GLG is a Keller Williams Realty franchise group of residential real estate brokerages located in Georgia, servicing Alpharetta as Keller Williams Realty North Atlanta , Roswell as Keller Williams Realty Consultants , Peachtree Corners as Keller Williams Realty Chattahoochee North and surrounding metropolitan Atlanta areas.

Real Estate Agent 371

Real Estate Agent Mortgage Realty Loan Officers 371

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

SEPTEMBER 15, 2023

The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. Gifoli served as a loan officer from May 2021 to October 2021. billion in the first six months of 2023, according to data from Inside Mortgage Finance. He declined to comment on the lawsuit.

Loan Officers 364

Loan Officers Legal Real Estate Lending 364

Housing Wire

APRIL 24, 2024

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. “I With the right ambassador, that task is made simpler. There are limits.

Mortgage 315

Mortgage Loan Officers Training Business 315

Housing Wire

JANUARY 25, 2024

Haddad’s nomination shows AIME’s commitment to attracting more retail loan officers to the broker channel. Per Inside Mortgage Finance estimates, the broker channel accounted for just above 16% market share from January 2023 to September 2023, lower than the correspondent (29%) and retail (55%) channels.

Retail 361

Retail Lending Loan Officers Brokerage 361

Housing Wire

SEPTEMBER 7, 2023

Some of the nation’s largest real estate brokerages, including Keller Williams, RE/MAX , HomeServices of America as well as the National Association of Realtors , are facing three class action lawsuits (NAR is only named as a defendant in two lawsuits) that could result in the industry paying out tens of billions in damages.

Buyers 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. UWM is the largest U.S.

Mortgage 285

Mortgage Legal Advertising Loan Officers 285

Housing Wire

OCTOBER 10, 2023

For example, managers allegedly asked loan officers to select non-Hispanic white options regardless of whether that was accurate or not. In the lawsuit filed on Tuesday, the CFPB claims that in 2019, Freedom had intentionally misreported HMDA data about applicants’ race and ethnicity. Freedom had to pay a $1.75

Brokerage 382

Brokerage Realty Real Estate Loan Officers 382

Housing Wire

NOVEMBER 10, 2022

“This is about more than growing our market share – we’re bringing on phenomenal loan officers and leaders from one of the strongest independent retail mortgage lenders,” added Movement’s president Mike Brennan. . Movement says it employs more than 1,500 loan officers nationwide and has over 550 branches.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

OCTOBER 18, 2023

. “There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.” Setting channel side, where are we in terms of the overall LO landscape?

Retail 509

Retail Loan Officers Brokerage Mortgage 509

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Loan Officers 309

Loan Officers Retail Lending Investing 309

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. The purchase price “represents a $72.5

Mortgage 364

Mortgage Real Estate Agent Loan Officers Agents 364

Housing Wire

JANUARY 27, 2023

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. The company has used the cash to acquire new businesses, such as the indie retail lender Mortgage Network and the brokerage Superior Rate Mortgage of New England.

Retail 373

Retail Mortgage Loan Officers Brokerage 373

Housing Wire

APRIL 1, 2024

NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Kortas had 50.5%

Brokerage 332

Brokerage Business Loan Officers Legal 332

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgage 441

Mortgage Brokerage Retail Business 441

Housing Wire

JANUARY 14, 2022

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. HomeSmart, like Compass , Keller Williams , eXp and other brokerages, states it has unique technology to modernize real estate. million. “The

Brokerage 388

Brokerage Agents Real Estate Loan Officers 388

Housing Wire

APRIL 8, 2024

The comments follow a Hunterbrook Media report from last week stating that UWM pressures brokers to send loans its way, resulting in higher costs to customers. “We think the premise of the thesis is misplaced,” Eric Hagen and Jake Katsikas wrote in the company’s weekly mortgage finance roundup.

Loan Officers 289

Loan Officers Business Mortgage Brokerage 289

Housing Wire

APRIL 17, 2023

NAF is looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. The third model has a low barrier to entry, in which capitalization and licensing complexities are much less than the standalone model.

Brokerage 301

Brokerage Real Estate Agent Business Loan Officers 301

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. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

Housing Wire

OCTOBER 6, 2023

NAF was looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. billion in production volume in the first half of 2023, according to Inside Mortgage Finance (IMF).

Insurance 362

Insurance Brokerage Government Real Estate 362

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020. He left in February.

Legal 361

Legal Brokerage Mortgage Loan Officers 361

Housing Wire

FEBRUARY 22, 2023

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. The event that strengthens bonds Ultimately, loan officers should aim to be a valuable partner to the real estate agents you work with.

Real Estate 344

Real Estate Real Estate Agent Loan Officers Agents 344

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

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. 2 brokerages in residential sales volume nationally – and bitter rivals.

Brokerage 293

Brokerage Real Estate Agents Clients 293

Housing Wire

OCTOBER 15, 2020

Nguyen, who emigrated from Vietnam to the United States and fell into the mortgage business about 14 years ago after leaving an unsatisfying career in finance, has capitalized on the historic mortgage boom like few others. He now has 12 offices, and he plans to open 10 additional offices by the end of 2021.

Brokerage 404

Brokerage Mortgage Technology Development 404

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. billion in annual mortgage loan volume to its platform. . The company has 1,810 loan officers and 482 branches, Modex data shows. .

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. The post Lenders, tech firms hire executives to navigate down market appeared first on HousingWire.

Marketing 359

Marketing Real Estate Agent Lending Real Estate 359

Housing Wire

MARCH 1, 2022

This isn’t a new story in mortgage lending or real estate brokerage. In 2019 we published a feature story about “Who will be the Amazon of housing?” — and then explored world-domination theories that painted Zillow , Redfin , Opendoor (and maybe Amazon itself) taking over the entire end-to-end housing sales and financing process.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

Housing Wire

OCTOBER 14, 2020

Dan Gilbert started Quicken Loans as a small brokerage in the Detroit area 35 years ago and grew it into the nation’s largest mortgage lender. This will aid brokers in assisting their clients to the highest degree, as well as allow them to support more Americans in their goal of financing their home.

Loan Officers 294

Loan Officers Real Estate Agent Technology Clients 294

Housing Wire

MARCH 15, 2022

The capital raise refers to the company announcing it has secured $70 million in equity and $150 million in new debt to “power its payment platform that helps customers finance their dream homes,” according to a news release. It was in December that Knock floated a pay cut for its loan officers, before rolling back the plan.

Investing 361

Investing Loan Officers Real Estate Finance 361

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. Lower loan-to-value, so I do have some good rates, but that’s going to be for more affluent people.

Marketing 311

Marketing Mortgage Inventory Loan Officers 311

Housing Wire

APRIL 30, 2021

“No one system today can handle pricing across the entire life of the loan,” Soukoulis said. In 2021, SitusAMC, a provider of technology and services to the real estate finance industry, acquired ReadyPrice, a mortgage technology company that connects mortgage loan originators (MLOs) and lenders to streamline loan origination.

Mortgage 301

Mortgage Technology Investors Lending 301

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I can get you (borrower) a conditional loan approved in 20 minutes. I need to use somebody that has a process I like.

Investing 402

Investing Loan Officers Retail Mortgage 402