Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. I’ve seen every market shift imaginable as an agent, team leader and executive in the brokerage , mortgage and proptech space. These are the mindset and actions that set successful agents and loan officers apart in a down market.

Real Estate 432

Real Estate Agents Loan Officers Marketing 432

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 421

Real Estate Agent Mortgage Realty Loan Officers 421

Housing Wire

AUGUST 17, 2023

The CFPB claims that Freedom entered into marketing services agreements with more than 40 real estate brokerages, with monthly payments to brokerages totaling approximately $90,000. These perks were offered in exchange for a requirement for agents and brokers to agree to be paired with a Freedom loan officer.

Realty 370

Realty Mortgage Brokerage Real Estate 370

Housing Wire

SEPTEMBER 11, 2023

The lender has about 80 loan officers and aims to hire up to 100 in states. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals. Currently licensed in 18 states, Cliffco plans to expand its footprint to 40 states by 2024.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. It’s largely been people who have been together [in the same branches] for a long period of time and have been looking for another opportunity.

Loan Officers 284

Loan Officers Brokerage Real Estate Lending 284

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 421

Brokerage Business Loan Officers Legal 421

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 397

Brokerage Realty Real Estate Loan Officers 397

Housing Wire

DECEMBER 16, 2020

The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Product Fast Facts: #1. Get More Info.

Loan Officers 304

Loan Officers Mortgage Advertising Real Estate Agent 304

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. Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ).

Loan Officers 410

Loan Officers Legal Real Estate Lending 410

Housing Wire

SEPTEMBER 5, 2023

Additionally, many banks have tightened their credit boxes, and banks expect to further tighten those lending standards through the rest of the year, according to the Federal Reserve’s quarterly senior loan officer opinion survey. To learn more about non-QM and working with Acra Lending, visit [link].

Marketing 397

Marketing Loan Officers Lending Brokerage 397

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.

Mortgage 414

Mortgage Legal Advertising Loan Officers 414

Housing Wire

APRIL 24, 2024

“I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgage 377

Mortgage Loan Officers Training Business 377

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. ” While at Guaranteed Rate, Patel and his team closed more than 250 loans in 2022 and increased the purchase volume by 20% from 2021.

Loan Officers 370

Loan Officers Retail Brokerage Lending 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 515

Retail Loan Officers Brokerage Mortgage 515

Housing Wire

DECEMBER 16, 2020

In a lawsuit filed last week, a mortgage brokerage claimed that one of its former loan officers stole a database containing client names and information and brought it with him to a new job at NEXA Mortgage. ” NEXA, founded in 2017 by Kortas , is among the fastest-growing mortgage brokerages in the country.

Mortgage 397

Mortgage Loan Officers Brokerage Clients 397

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 384

Contracts Loan Officers Legal Best Value 384

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 384

Brokerage Real Estate Agent Business Loan Officers 384

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 285

Real Estate Advertising Loan Officers Design 285

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.

Agents 397

Agents Buyers Loan Officers Real Estate 397

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. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. He closed $23 million in sales volume in 2022.

Agents 370

Agents Loan Officers Brokerage Clients 370

Housing Wire

NOVEMBER 3, 2021

The cloud-based brokerage recorded $1.1 The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. The brokerage was the fourth-largest in the U.S. Operating expenses also increased 100.3%

Brokerage 384

Brokerage Lending Agents Realty 384

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 504

Buyers Agents Mortgage Real Estate Agent 504

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 441

Legal Brokerage Mortgage Loan Officers 441

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. And they have good reasons to do so. But at 343,000 workers in May, the mortgage LO workforce remains quite elevated for the origination volume being produced.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

Housing Wire

JANUARY 25, 2024

Haddad’s nomination shows AIME’s commitment to attracting more retail loan officers to the broker channel. Brokers originated $63 billion in mortgage loans in Q3 2023, down from $67 billion in the previous quarter and $67 billion in Q3 2023.

Retail 421

Retail Lending Loan Officers Brokerage 421

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. After launching his career at UBS in New York City, Yeager returned to the Pacific Northwest to open his own brokerage, which merged with Cobalt Mortgage in 2008.

Loan Officers 370

Loan Officers Retail Lending Investing 370

Housing Wire

JANUARY 11, 2023

For most of 2022, UWM had an aggressive pricing strategy in place to gain market share and attract loan officers from the retail to the wholesale channel. With the Game On initiative, the lender slashed prices across all loans by 50 to 100 basis points. . ” .

Loan Officers 450

Loan Officers Retail Real Estate Agent Government 450

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. “For years, Redfin has talked about becoming a one-stop shop for brokerage, mortgage, iBuying and title services.

Loan Officers 466

Loan Officers Lending Real Estate Brokerage 466

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. That means that they get more product options.

Retail 431

Retail Loan Officers Brokerage Technology 431

Housing Wire

APRIL 8, 2024

After analyzing millions of federal and state records, Hunterbrook Media estimates that 8,682 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, with a total value of at least $11.7 UWM’s parent company non-GAAP adjusted net loss was $57.1 million in 2023, compared to a profit of $719.4

Loan Officers 412

Loan Officers Business Mortgage Brokerage 412

Housing Wire

NOVEMBER 7, 2023

63 among the 500 best brokerages by volume. “We GLG is also part of a larger Keller Williams Realty franchise group of residential real estate brokerages located in Georgia. According to the 2023 RealTrends rankings , the team had 1,588 licensed agents who generated an average of $2.65 million in sales volume in 2022. It placed No.

Realty 410

Realty Mortgage Brokerage Agents 410

Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” . “It shocked everyone as no communications were sent out,” a former employee said.

Loan Officers 432

Loan Officers Lending Mortgage Insurance 432

Housing Wire

APRIL 4, 2022

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. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

Mortgage 370

Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loan Officers 458

Loan Officers Mortgage Business Retail 458

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

Agents 410

Agents Real Estate Agent Brokerage Real Estate 410

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

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 384

Retail Mortgage Loan Officers Brokerage 384