Housing Wire

JANUARY 25, 2024

Haddad’s nomination shows AIME’s commitment to attracting more retail loan officers to the broker channel. According to the trade group, under his leadership, it will focus, among other initiatives, on “retail to wholesale originator recruitment.” The analysis includes first-lien mortgage originations.

Retail 386

Retail Lending Loan Officers Brokerage 386

Housing Wire

OCTOBER 24, 2023

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.

Loan Officers 414

Loan Officers Brokerage Retail Construction 414

Housing Wire

MARCH 19, 2024

Florida-based brokerage Atlantic Trust Mortgage has asked a Michigan federal court to dismiss a lawsuit filed by United Wholesale Mortgage (UWM) that alleges a violation of an amended agreement. Atlantic Trust entered into a wholesale broker agreement with UWM in 2018. district court in Michigan.

Mortgage 331

Mortgage Law Brokerage Legal 331

Housing Wire

NOVEMBER 15, 2023

Citizens was among the few large depository banks operating in retail, wholesale and correspondent in the mortgage space. billion in mortgages through the retail channel, a 60.3% Kevin Leibowitz, CEO of Grayton Mortgage , said his brokerage had signed up with Citizens in anticipation of them opening up in New York.

Retail 419

Retail Mortgage Brokerage Contracts 419

Housing Wire

JUNE 5, 2023

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.

Mortgage 350

Mortgage Brokerage Retail Tools 350

Housing Wire

JANUARY 27, 2023

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. It’s a more entrepreneurial style, but compensation follows the traditional model at retail lenders.

Retail 380

Retail Mortgage Loan Officers Brokerage 380

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.”

Lending 536

Lending Retail Real Estate Agent Brokerage 536

Housing Wire

APRIL 27, 2023

California-based Impac Mortgage Holdings , a former mortgage lender repositioning itself as a brokerage firm, announced on Thursday that NYSE American, LLC. The company will now operate as a mortgage brokerage, giving up its retail consumer direct lending division and winding down its third-party origination (TPO).

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Brokerage Retail Lending Design 326

Housing Wire

MARCH 30, 2023

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.

Mortgage 368

Mortgage Retail Loan Officers Brokerage 368

Housing Wire

JUNE 5, 2023

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities.

Mortgage 359

Mortgage Retail Lending Loan Officers 359

Housing Wire

SEPTEMBER 11, 2023

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. About 30% of Cliffco’s production volume consists of non-QMs and executives expect that share to grow to 40% in 2024.

Loan Officers 382

Loan Officers Agents Retail Technology 382

Housing Wire

MARCH 10, 2023

California-based Impac Mortgage Holdings is repositioning itself as a mortgage brokerage and voluntarily giving up its seller-servicer designation with Fannie Mae and Freddie Mac. Impac is transitioning its retail consumer direct lending division into a mortgage broker fulfillment model to offer various products at a reduced cost per loan.

Mortgage 356

Mortgage Retail Design Brokerage 356

Inman

FEBRUARY 2, 2023

The independent brokerage has hired Diyanna Ahuja to lead its team of more than 500 agents, who brings 2 decades of experience in luxury retail operations and real estate to the role.

Retail 154

Retail Brokerage Real Estate Agents 154

Housing Wire

MARCH 14, 2023

. “Winners in this industry want to join our platform because we’re identifying the acute pain points of loan originators of different backgrounds—whether that be a retail shop or their own brokerage—and providing value-based solutions,” UMortgage President and CEO Anthony Casa.

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Housing Wire

APRIL 24, 2023

In February 2022, UWM filed a lawsuit against AML, claiming the brokerage firm owes $2.8 In response, UWM said in its motion to dismiss the amended counterclaim that the ultimatum resulted from the fact that Rocket and Fairway “have eroded” the broker channel by converting customers from wholesale lines to retail lines.

Legal 335

Legal Law Retail Brokerage 335

Housing Wire

APRIL 27, 2023

.” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending. 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 335

Loan Officers Retail Lending Investing 335

Housing Wire

OCTOBER 20, 2023

At one time, the former two had over 1,500 retail locations in the United States combined. Consumers have had lots of choices in brokerage services, including those with lower costs, but they have chosen not to use them in any meaningful way. Just look at CoStar’s dominance over the commercial brokerage market.

Real Estate Agent 421

Real Estate Agent Real Estate Brokerage Agents 421

Housing Wire

NOVEMBER 9, 2020

When we looked at the industry, every brokerage that existed served the 1.3 million agents who were part-time and not as experienced, but no brokerage has ever been created and designed specifically to address the needs of those agents who are high volume. HousingWire caught up with Gal to talk about his alternative brokerage model.

Real Estate Agent 393

Real Estate Agent Real Estate Agents Brokerage 393

Appraisal Buzz

JULY 13, 2021

an independent brokerage and real estate technology company, and Guaranteed Rate Inc., a retail mortgage company, have entered into a definitive agreement to form OriginPoint, a new mortgage origination company. Compass Inc.,

Mortgage 195

Mortgage Retail Brokerage Real Estate 195

Housing Wire

MARCH 15, 2024

Getting referrals and cozying up to the sell side Mike Kortas, CEO at NEXA Mortgage , sent a clear message to the over 2,300 mortgage LOs at his mortgage brokerage: “Keep your eyes open, keep your ears open, listen for opportunities that are going to present themselves, and be ready to assist more buyers.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

OCTOBER 7, 2020

In January 2019, Keller, a charismatic Texan who co-founded the company in 1983, took back control of the brokerage from longtime employee John Davis, who had been CEO for just two years. At the time, the residential brokerage industry was grappling with a wave of consolidation, disruptions in technology, poaching wars and slowing growth.

Realty 433

Realty Brokerage Agents Technology 433

Housing Wire

JANUARY 29, 2024

The decision was made because the company believes the retail lenders’ business model negatively impacts consumers, brokers, and the wholesale channel, it claims.

Contracts 427

Contracts Loan Officers Lending Retail 427

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. My goal is to activate some of those.” We use ‘partner’ to group all these roles together. There are limits.

Mortgage 341

Mortgage Loan Officers Training Business 341

Housing Wire

OCTOBER 3, 2023

We started this process back in June when I resigned our NAR board seat, which are appointed to the top 50 brokerages in the country,” Rath told HousingWire in an interview Tuesday. That is really when we started the process of evaluating where we can drop memberships for our agents. There is a lot of unwinding to do there.”

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Realtors Brokerage Agents Real Estate 305

Housing Wire

JULY 20, 2023

Licensed in 46 states, On Q Financial originated $2 billion in 2022 — 85% of the volume coming from its retail channel and 15% coming from the correspondent and wholesale channel, according to Lamb. Some LOs get hired into an existing branch but typically, LOs who were working in the same branches are placed together in a new physical branch.

Loan Officers 254

Loan Officers Brokerage Real Estate Lending 254

Housing Wire

AUGUST 14, 2020

For the last 16 years, the brokerage ranked as Northern Nevada’s highest-producing real estate office by agent activity. Michaelene Whyte has been promoted from processing manager of the East to VP, national fulfillment, distributed retail, and has been with Planet Home Lending since October 2018.

Lending 271

Lending Retail Development Realty 271

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. According to Elezaj, “Retail loan officers continue to convert over to wholesale, and this [Game On] was an extra incentive.” ” .

Loan Officers 441

Loan Officers Retail Real Estate Agent Government 441

Housing Wire

JUNE 3, 2022

Mortgage brokerage firms added 500 jobs in April from the prior month, according to the BLS statistics. On the other hand, employment in retail trade declined, losing 61,000 jobs, however it is still 159,000 jobs above its pre-pandemic level. However, they’re down 2.4%

Construction 443

Construction Renovations Transportation Real Estate 443

Housing Wire

JANUARY 13, 2021

In 2017, Guaranteed Rate struck a deal with the largest real estate brokerage conglomerate in the country, Realogy , to form a landmark joint venture. It has paid off in spades: the combined company, Guaranteed Rate Affinity , originated $5 billion in loans during the first half of last year.

Brokerage 337

Brokerage Retail Real Estate Investors 337

Housing Wire

JULY 16, 2021

Kind has since started a retail channel and claims to have originated nearly $4 billion overall in its first 12 months as a company. eXp, meanwhile, is following in the footsteps of not just Compass but most other national brokerages, including Realogy and HomeServices of America , that have their own mortgage arm.

Mortgage 395

Mortgage Lending Brokerage Agents 395

Housing Wire

NOVEMBER 23, 2021

The figure is believed to be a record for a retail loan originator. And Thuan Nguyen, who leads tech-forward mortgage brokerage LoanFactory , cleared $2 billion in 2020 across 5,200 loans. Others who landed in the $1 billion club last year include Chris Gallo, of mortgage brokerage NJ Lenders Corp.

Loan Officers 291

Loan Officers Brokerage Retail Clients 291

Housing Wire

MARCH 15, 2021

His West Coast brokerage shop sent tens of millions of dollars in loans to the wholesale mortgage giant in recent years. In Ishbia’s estimation, these two companies, which both have retail operations, are trying to cut the broker out of the mortgage equation.

Real Estate Agent 384

Real Estate Agent Loan Officers Retail Training 384

Housing Wire

APRIL 30, 2024

For Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , this announcement constitutes more of a “clarification” to the announced policy than an outright change. Lisa Moriello “I think they just clarified who they think interested parties should be,” Moriello said.

Mortgage 340

Mortgage Real Estate Agent Sellers Construction 340

Housing Wire

AUGUST 2, 2023

Brian Zitin, CEO of valuation software company Reggora , said the new requirements “will have important implications for nearly every major retail, wholesale and brokerage ordering appraisals — especially when it comes to how they are interacting with AMCs.” “The PDCIR is effective for loans with application dates on and after Nov.

Appraisal 297

Appraisal Valuation Design Modernization 297

Housing Wire

APRIL 19, 2021

Similarly, Shirley has years of financial leadership experience, including at retailers Tuesday Morning and Neiman Marcus , but does not possess a real estate background. Peace, on the other hand, was the vice president of mortgage at Tomo , a recently created company to facilitate easier mortgage transactions.

Human Resources 356

Human Resources Real Estate Real Estate Agent Insurance 356

Housing Wire

JUNE 2, 2023

All these other retail lenders are doom and gloom, saying: “The market is so hard, I gotta wait for next year.” The only originators are retail or wholesale. Small retail lenders originate the loan, close it, and then sell it to Pennymac. The retail lender. ” We recognize what reality is. They buy loans.

Retail 362

Retail Inventory Mortgage Loan Officers 362

Housing Wire

AUGUST 1, 2022

Senior Vice President, Retail Operations. Vice President of Brokerage Operations. Donna Freeland. RoundPoint Mortgage Servicing Corporation. Emily Farley. Chief Lending Officer. Atlantic Bay Mortgage Group. Emily Shapiro. Docutech, a First American Company. Ginger Wilcox. Chief Experience Officer. Holly Mabery. eXp Realty.

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Human Resources Realty Lending Technology 382