Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers.

Retail 371

Retail Contracts Loan Officers Mortgage 371

Housing Wire

SEPTEMBER 27, 2023

Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new clients to the company’s other solutions. Marvin Chang, Revvin’s chief commercial officer, has stepped down to pursue an opportunity in academia.

Lending 377

Lending Technology Loan Officers Clients 377

Housing Wire

NOVEMBER 23, 2022

As rates increase and housing prices correct in 2023, sellers will want to take advantage of improving their chances to do business with an excited buyer who can obtain a lower than market rate with seller participation,” Jeff Miller, vice president of Pacific Northwest at Churchill Mortgage , said. Lenders seize opportunity for lost volume.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

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.”

Buyers 380

Buyers Agents Loan Officers Real Estate 380

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said. They would do a round of layoffs and they would restructure how you did your job.”.

Mortgage 498

Mortgage Loan Officers Clients Investing 498

Housing Wire

JUNE 29, 2023

loanDepot is accusing its competitor Movement Mortgage of damaging its business by hiring over 25 employees in three months and “effectively crippling” “now-depleted” branches. It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot.

Retail 362

Retail Contracts Legal Business 362

Housing Wire

DECEMBER 21, 2022

Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”. In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches.

Legal 362

Legal Loan Officers Contracts Business 362

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” These are the folks who are buying right now, and I you know because some of them are my clients.”

Mortgage 432

Mortgage Loan Officers Finance Buyers 432

Housing Wire

JUNE 30, 2021

“The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor. As the only black-owned AMC in the industry, PCV Murcor strives to provide a business model that truly serves everyone, emphasizing diversity and inclusivity within the organization.

Clients 382

Clients Valuation Real Estate Appraisal 382

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world. 375% below the market.”

Mortgage 347

Mortgage Loan Officers Retail Training 347

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. The top producing LOs who focused on purchase mortgages were positioned in a better spot than those whose business depended on refis. Or will soon.

Housing Market 499

Housing Market Marketing Real Estate Agent Real Estate 499

Housing Wire

FEBRUARY 4, 2022

United Wholesale Mortgage (UWM) is making good on its threat to take legal action against partnering broker shops that also send business to Rocket Mortgage and Fairway Independent Mortgage , a violation of the wholesaler’s controversial broker agreement. “This company had hundreds of loans.

Legal 370

Legal Contracts Business Mortgage 370

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. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Appraisal Buzz

MAY 17, 2021

Just because appraisers are busy does not mean anyone can relax their due diligence. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. We provide a service that helps clients make informed decisions on how to proceed. We analyze and report.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 440

Mortgage Buyers Loan Officers Sellers 440

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Prior to the downturn, more than 90% of Nguyen’s business came from refinances. How is business delegated among team members?

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

MAY 12, 2022

Inventory is contracting. It’s easy to assume what customers, especially younger ones, want in today’s always-on, digital-forever lifestyle—and easier still to adopt business practices that remove the human-to-human dynamic from a transaction. Technology can often be the catalyst for all three of these business tenets.

Lending 304

Lending Marketing Technology Contracts 304

Housing Wire

FEBRUARY 3, 2022

Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. LoanDepot’s stock at the close of business Wednesday traded at just $4.02 They’re positioned to capture market share in 2022, he said. Investors were nonplussed.

Mortgage 368

Mortgage Retail Finance Investors 368

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. Pretty cool!

Inventory 243

Inventory Market Value Appraisal Contracts 243

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. Even though the consumer may pay for the appraisal, they are no more the client than is the credit reporting agency or title company hired directly by the lender. Limit the number of sales to three if possible. •

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Work with a coach to map out your business. Receive basic training in contracts and how to price properties using comparative marketing analysis. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

McKissock

JANUARY 18, 2022

They are honest about what the client can afford, and they are willing to go to bat for them. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. Avoid Pitfalls.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. A lender with $624.6

Lending 369

Lending Real Estate Agent Loan Officers Retail 369

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Genworth MI Blog

AUGUST 31, 2022

Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues. All of these pieces of the appraisal process work together to ensure the lender-client is making a prudent business decision in regard to collateral.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

AUGUST 16, 2023

We’ve also heard that some smaller lenders are bowing out, whether through M&A or simply closing business lines. The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Servicing is going to remain a great business for the foreseeable future.

Retail 334

Retail Real Estate Agent Business Mortgage 334

Housing Wire

AUGUST 4, 2023

Real estate professionals who listen carefully better understand their clients’ wants and needs. They won’t waste time on mismatched properties or investments beyond a client’s reach. This does not mean you should allow clients to walk all over you. Decipher property valuation software for clients?

Real Estate Agent 349

Real Estate Agent Real Estate Agents Clients 349

PennyMac

JULY 20, 2021

New agents can also often deliver high quality, personalized service as a result of having fewer clients. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. How many are sellers?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

APRIL 21, 2022

“Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. At Aslan, a 100% woman-owned business, Gusmus has assembled a team of powerful and collaborative female leaders who have helped the company achieve aggressive growth over the years.

Mortgage 371

Mortgage Contracts Technology Lending 371

Housing Wire

JULY 19, 2023

He said STRATMOR and many of its peers also advise clients not to announce asset deals because such publicity is not a benefit to either party to the transaction. You’re trying to do business, and somebody’s willing to give up some more margin, so they win the business, but that hurts the industry as a whole.

Mortgage 368

Mortgage Marketing Buyers Lending 368

Housing Wire

NOVEMBER 17, 2022

Contract or ‘gig’ workers, entrepreneurs and business owners need non-QM mortgages because they may be unable to produce the W-2 tax form used to verify qualifying income for a traditional loan. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

Lending 311

Lending Investors Real Estate Agent Loan Officers 311

Appraisal Today

SEPTEMBER 15, 2023

The 21 percent who cite other challenges are most likely to cite lack of business/slow market, rising interest rates, low fees, and to reiterate pressure from AMCs. NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. First of all, the value of an STR has three major components: 1) the real estate, 2) personal property, and 3) the business. Some appraisers are busy, and others have very little lender work. 28 Year low.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

OCTOBER 14, 2022

Consistent application of both quality control and quality assurance processes for appraisal review may also be in part a reason for improvement, as appraisers have a better understanding of what is needed by their client. Appraisal Business Tips . I have been through several significant appraisal business downturns.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 12, 2023

If you make it through this downturn there will be few appraiser competitors left for the next big upturn in business. Appraisal vs Zillow vs AVM which is best Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 52

Appraisal Architecture Business Contracts 52