Housing Wire

DECEMBER 21, 2022

A representative for CrossCountry told HousingWire, “As a matter of practice, we do not comment on legal matters.” . 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.”.

Legal 410

Legal Loan Officers Contracts Business 410

Housing Wire

FEBRUARY 5, 2024

The deal gave Guild a substantial foothold in the Northeast and a bevy of purchase businesses. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. Seely joined Guild in 2021 when the California-based lender paid $196.7 In 2020, it originated $8.5 2 in a U.S.

Retail 421

Retail Contracts Loan Officers Mortgage 421

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.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 397

Buyers Agents Loan Officers Real Estate 397

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. million for repeatedly violating the terms of the agreement.

Legal 370

Legal Contracts Business Mortgage 370

Housing Wire

JANUARY 30, 2023

According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. This decision came after the mortgage lender imposed numerous layoffs across the company, according to former employees and business partners.

Loan Officers 473

Loan Officers Retail Contracts Mortgage 473

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 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

FEBRUARY 16, 2022

SM: I joined this industry as a Retail Mortgage Loan Officer growing to a Broker Owner in my local community and try to apply a simple concept we share with customers and prospects which is the idea of digital lending made simple. The idea is that only one digital original exists and is legally transferable and enforceable.

Lending 384

Lending Technology Tools Loan Officers 384

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. Click here == How to stay positive with slow business In the April 2024 issue of Appraisal Today. These appraisals kept appraisers busy. Was it the borrower? A Zillow Zestimate? They start the row.

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. It’s a phenomenal rise really, something that happens rarely in any business.

Business 539

Business Retail Mortgage Lending 539

PennyMac

JULY 20, 2021

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. In popular markets , homes can go under contract quickly — sometimes even the same day that they are offered for sale. Don’t have an agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

AUGUST 4, 2023

And when it’s time to wade through complicated contract language or explain the benefits or drawbacks of a property, agents who communicate better have a leg up on their competition. It’s not just a simple business transaction for these sellers and buyers. Talent for negotiation Negotiation isn’t easy.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Assurance Financial

DECEMBER 20, 2021

A sale and settlement contingency gives you the legal right to exit a contract if you don’t receive an offer for your current home in time. However, if the seller accepts your offer, you’ll be able to keep the home you want under contract while you wait for a buyer. Bridge Loan. Linked Sources: [link].

Mortgage 74

Mortgage Sellers Buyers Finance 74

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 384

Lending Mortgage Real Estate Loan Officers 384