Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business. In total, 76.6%

Mortgage 352

Mortgage Loan Officers Insurance Business 352

Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Quite frankly, you may consider the new trend as B2P – business to people. Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS.

Real Estate Agent 306

Real Estate Agent Real Estate Agents Loan Officers 306

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The mystery as to what happened to its loan pipeline and funding endure. Shocked employees didn’t receive their last paychecks. Yet Strauss, who already has a $2.45

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Valuation 311

Valuation Real Estate Agent Real Estate Clients 311

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. over the past 12 months to 6,121. .

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This year, our teams have helped our clients keep pace with record volume.

Clients 358

Clients Technology Insurance Loan Officers 358

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 418

Business Mortgage Loan Officers Inventory 418

Housing Wire

MARCH 4, 2021

They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more. More importantly, however, the use of monitoring and oversight allows a business the chance to correct course if the main issue is a bad apple or two.

Lending 412

Lending Law Loan Officers Clients 412

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. Rashid steers Tavant’s strategy for continued profitable revenue growth, supported by a fully aligned business development engine. Mohammad Rashid, Head of Fintech Practice.

Lending 198

Lending Real Estate Agent Loan Officers Architecture 198

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 392

Mortgage Loan Officers Finance Investors 392

Housing Wire

FEBRUARY 3, 2023

In order to continue exceptional service to our members, we sometimes make hard business decisions to ensure we are adapting to our members’ needs and changes in the marketplace,” Russell said in an e-mailed response. The bank has 197 active loan officers and 12 branches across the country. While refis consisted of 56.7%

Real Estate 71

Real Estate Lending Human Resources Insurance 71

Housing Wire

APRIL 16, 2024

Take, for example, Miami-based proptech firm Realfinity , which aims to challenge the status quo with a new business venture. The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing.

Real Estate Agent 432

Real Estate Agent Loan Officers Real Estate Agents 432

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 That is a tough business for a purchase market. Investors were nonplussed.

Mortgage 377

Mortgage Retail Finance Investors 377

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.

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Reconsideration of Value Appraisal Real Estate Insurance 71

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. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Assurance Financial

MARCH 2, 2022

The greatest success story I have is winning over the ‘never-adopters’ of the industry, comprised of mostly the loan officers. After a few months, however, these capabilities made the loan officers the heroes. Fortunately, digital banking is widely accepted. They want to handle the entry of their personal data.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

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Training Loan Officers Lending Mortgage 363

Genworth MI Blog

AUGUST 31, 2022

From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so. 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.

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

MAY 1, 2023

They help run major corporations, and are the entrepreneurs building tomorrow’s great businesses. They work in any and every area of the housing economy and come from diverse backgrounds but share one common trait — an outsized impact on the industry and within their businesses.

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Housing Wire

AUGUST 8, 2023

Gregg Busch has shifted his business focus over the last year or so. The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies.

Insurance 345

Insurance Mortgage Clients Lending 345

Housing Wire

AUGUST 20, 2021

So yeah, a 70 mph tailwind should make any business operator grateful. These 180 firms grabbed market share, created new business models and recruited talent without ever looking back. 1 asset next to our loyal client base. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

JUNE 8, 2022

Businesses and entire industries tanked during the pandemic, but it created an ideal environment for mortgage tech companies, some of which rode the wave to banner years and historic growth. Morgan Chase and Santander Bank (the latter of which recently exited the mortgage business ). Of the $387.2 million in the first quarter of 2022.

Mortgage 360

Mortgage Technology Loan Officers Investing 360

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. But the boom times are over, and he knows it.

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Housing Market Marketing Brokerage Real Estate 423

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

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Marketing Retail Mortgage Investors 337

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

Assurance Financial

NOVEMBER 28, 2023

Repayment: You make monthly payments on the loan , which typically include principal, interest, taxes and insurance. The loan is usually repaid over a period of years. Ownership: Once the loan is fully repaid, you own the property outright. Insurance Does a mortgage payment include insurance?

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Appraisal Today

OCTOBER 21, 2022

Your clients count on you to let them know the market today, not in the past. Appraisal Business Tips . NOTE: Please scroll down to read the other topics in this long blog post on retirement, liability, ADUs, appraiser cartoon, real estate market, Appraisal business, unusual homes, mortgage origination stats, etc. ==.

Appraisal 52

Appraisal Marketing Contracts Insurance 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

Appraisal Today

AUGUST 13, 2023

2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. As appraisers we can learn a lot from this, both in terms of how to interpret our market and how we interpret our own businesses and careers. I recognized the use of software similar to ChatGPT.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Assurance Financial

MARCH 18, 2021

Refinancing could potentially lower your monthly payments , allow you to consolidate debt, speed up the payoff process for your mortgage, eliminate your private mortgage insurance (PMI) and put more cash in your pocket. A home office can be a great, tax-deductible investment, particularly if you are self-employed or a small business owner.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. This should be part of the cost of your doing business – compliance and risk monitoring for these types of things. For lenders and brokerages, the risks of LOs or agents overstepping are high.

Real Estate Agent 428

Real Estate Agent Loan Officers Real Estate Agents 428

Clear Capital

SEPTEMBER 29, 2021

So, we’re excited to help CubiCasa grow as an independent company, serving customers independently, and open for business to any and all customers, and really to help drive the change for the industry towards modernization. There’s 2 million small business owners which are realtors. There’s 500,000 loan officers.

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Sellers Agents Real Estate Buyers 69