Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 390

Loan Officers Technology Lending Tools 390

Housing Wire

OCTOBER 19, 2021

Additionally, homebuyers demand a fast and simple mortgage lending experience, similar to the other types of technology-driven solutions they enjoy in other aspects of their lives. Lenders haven’t been able to hire and train fast enough. JG: At the end of the day, it is all about providing value to your clients.

Business 359

Business Clients Technology Training 359

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 363

Mortgage Retail Lending Loan Officers 363

Housing Wire

SEPTEMBER 29, 2020

This sounds like great news for lenders, for whom millions of newly refi-eligible mortgages means a lot of new business coming in. To help prepare, the industry experts at TMS have compiled a list of proactive steps to take to make sure that, when refi sweets are less abundant, your business will already be nutritious.

Lending 423

Lending Loan Officers Business Investors 423

Housing Wire

FEBRUARY 8, 2023

Homelendia said the franchisor model offers a turnkey solution for things like licensing, training, marketing support, loan processing services and ongoing assistance. Homelendia also claims to offer the lowest cost mortgage brokerage business franchise in the industry.

Brokerage 354

Brokerage Mortgage Training Lending 354

McKissock

MARCH 28, 2023

In times like the present when the housing market is slow, you can help your appraisal business thrive by offering additional services beyond mortgage lending appraisals. What are some specific types of non-lending assignments that might be worth adding to your workload this year? Read the full survey results below.

Lending 99

Lending Appraisal Property Taxes Training 99

Housing Wire

JUNE 30, 2021

At UWM we focus on our client service, operational efficiency and speed to close loans. With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. UWM subscribes to a “build vs. buy” mentality that incorporates the scale at which they’ve grown.

Tools 306

Tools Training Technology Clients 306

Housing Wire

DECEMBER 13, 2021

Lenders and search companies alike need to look for trusted agent partners to provide the client with the experience they deserve. Serving some of the top organizations in the real estate and lending space is a privilege,” said Jason Mitchell, president of JMG. Our goal is not to simply be a distribution warehouse.

Real Estate 421

Real Estate Real Estate Agent Agents Clients 421

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. “We have a significant portfolio of clients, roughly 2.5 thus far and counting.

Mortgage 417

Mortgage Clients Lending Technology 417

Housing Wire

SEPTEMBER 20, 2022

There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. Ensuring trust in lending opens doors for more creativity, such expansion of the credit box and additional products, ultimately increasing access to homeownership and therefore, expansion of the credit box.

Marketing 333

Marketing Training Clients Technology 333

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire: What are some potentially overlooked products that originators could add to their portfolios to grow their businesses in the rising rate environment?

Mortgage 376

Mortgage Clients Business Training 376

Housing Wire

JANUARY 24, 2023

The ‘ultimatum ’ it imposed two years ago effectively prohibited broker partners from also doing business with two of UWM’s rivals. The lender’s price reduction by 50 to 100 basis points across all its loans last year led to accusations that UWM was making it impossible for some lenders to do business in the space.

Lending 359

Lending Law Legal Training 359

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. In addition to the momentum and the economics, digital lending just makes sense. Some clients want to do all of these things and want them done yesterday.

Mortgage 390

Mortgage Training Business Transportation 390

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 420

Lending Law Loan Officers Clients 420

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

JUNE 2, 2022

An LO with a client at the closing table. The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Underwriters are trained as desktop underwriters (DUs).

Lending 368

Lending Investors Mortgage Clients 368

Housing Wire

MAY 18, 2022

HousingWire: As interest rates rise and borrowing becomes more expensive, how can offering reverse mortgages help lenders provide clients with a stable cash flow in an otherwise volatile market? What can lenders do to dispel this common misconception with their clients?

Mortgage 397

Mortgage Clients Insurance Tools 397

Housing Wire

JUNE 30, 2021

During this period of significant opportunity for purchase transactions and refinances, brokers and wholesale correspondents (non-delegated) need to align to wholesale lenders that provide deep industry expertise, comprehensive products and efficient operational support to support their clients’ strategies. 1 VA, FHA and GNMA lender.”.

Mortgage 196

Mortgage Clients Training Government 196

Housing Wire

FEBRUARY 25, 2022

In March 2021, UWM imposed on brokers its “all-in initiative,” ending its business relationship with partners who chose to continue sending loans to Rocket or Fairway for review, underwriting, purchase and funding. The disputes involve Californian brokerage shops Kevron Investments Inc. and Mid Valley Funding & Inv.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

SEPTEMBER 22, 2020

It’s no secret that much of our space is busy trying to push mortgage loans through the pipeline without losing them as their sales funnels overflow. This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. It’s not a direct revenue center. It’s tedious.

Training 361

Training Lending Loan Officers Technology 361

Housing Wire

MAY 5, 2021

All told, the Detroit lending powerhouse originated $103.6 “The combination of our technology platform and Rocket Cloud Force of highly trained professionals, continues to deliver scalability and a client experience that is unmatched,” CEO Jay Farner said in a statement Thursday. billion in the first quarter of 2020.

Mortgage 420

Mortgage Real Estate Agent Real Estate Clients 420

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. According to former employees and executives, business seemed strong as recently as summer 2021.

Mortgage 361

Mortgage Loan Officers Retail Training 361

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 354

Lending Loan Officers Real Estate Mortgage 354

Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. Suddenly the lender has relevant products for homebuyers they couldn’t serve before: the self-employed, business owners and entrepreneurs of all kinds.

Marketing 348

Marketing Lending Loan Officers Training 348

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. Federal regulations mandate that nonbank LOs take training prior to being certified. HMDA, Fair Lending etc.,” Learning materials up to par?

Training 367

Training Loan Officers Lending Mortgage 367

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. “At the onset of a business, the upfront costs are exorbitant, and that’s why a lot of businesses fail,” Nofar said.

Insurance 267

Insurance Agents Training Valuation 267

Appraisal Buzz

AUGUST 23, 2021

They tend to push the outer limits of hours worked, especially in these extremely fruitful times of being spoiled for choice when it comes to lending and private appraisal work. Not only did you learn that you aren’t worth as much per hour as you thought, you also trained yourself to think that all of your hours were the same $23 hours.

Appraisal 435

Appraisal Business Training Clients 435

Housing Wire

NOVEMBER 3, 2023

” Other popular answers included, ‘implementing buyer representation agreements,” “full disclosure of client options,” and “more training on our value proposition.” “You must train all of your agents as to how you’re going to get compensated,” said Murray.

Real Estate 315

Real Estate Brokerage Buyers Property Management 315

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. It was kind of a no brainer, just low-hanging fruit.

Marketing 360

Marketing Retail Lending Mortgage 360

Lamacchia Realty

NOVEMBER 30, 2021

We are thrilled to announce our Business Development team has expanded to Florida! Theresa Ercoli, a Florida resident, will be the first business development consultant based out of the Fort Lauderdale office and we cannot wait to see what she accomplishes! Vice President of Business Development. “I training ,?

Development 66

Development Business Realty Realtors 66

Housing Wire

FEBRUARY 11, 2022

Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area. This advertising strategy, among a handful of others, has helped the LO connect with Russian-speaking Realtors and win the business of borrowers from former Soviet countries. “I

Marketing 396

Marketing Real Estate Agent Loan Officers Advertising 396

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. over the past 12 months to 6,121. .

Mortgage 368

Mortgage Loan Officers Lending Business 368

Appraisal Buzz

AUGUST 23, 2021

They tend to push the outer limits of hours worked, especially in these extremely fruitful times of being spoiled for choice when it comes to lending and private appraisal work. Not only did you learn that you aren’t worth as much per hour as you thought, you also trained yourself to think that all of your hours were the same $23 hours.

Appraisal 370

Appraisal Business Training Clients 370

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 365

Loan Officers Retail Real Estate Agent Real Estate 365

Housing Wire

OCTOBER 29, 2021

HousingWire: How did the title business adapt to unique conditions caused by the pandemic, the growth of the remote workforce and low interest rates? Luckily, the technology and infrastructure we had in place at ServiceLink kept our client service uninterrupted. This scalability includes our industry-leading signing agent panel.

Inspection 309

Inspection Technology Clients Tools 309

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. Risky business. Homepoint’s financial statements tell the story. year over year to $9.3

Mortgage 396

Mortgage Loan Officers Finance Investors 396

CA Realty Training

MAY 18, 2021

How does a real estate agent help their client buy a home? The second qualification is that it is a property that your clients might be interested in. Once you have found around 5-6 properties, it’s time to showcase them to your client. After you and your client found the perfect home, you have to make an offer on it.

Clients 42

Clients Real Estate Agent Inspection Real Estate 42