Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

Lending 330

Lending Marketing Technology Contracts 330

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S. the Nationwide Multistate Licensing System (NMLS) showed.

Retail 410

Retail Legal Lending Business 410

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 394

Buyers Agents Loan Officers Real Estate 394

Housing Wire

JULY 27, 2022

a subsidiary of Warren Buffet’s Berkshire Hathaway , discriminated in its marketing outreach, failed to hire minority loan officers, avoided making loans or locating offices in minority areas and sent racist internal emails. It must also contract with a lender to administer $18.4

Loan Officers 397

Loan Officers Mortgage Law Contracts 397

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 400

Retail Contracts Loan Officers Mortgage 400

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Housing Market 409

Housing Market Marketing Contracts Finance 409

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 401

Loan Officers Retail Lending Contracts 401

Housing Wire

AUGUST 31, 2020

Lenders need to be able to grow their business in a way that is not linear and is not tied to the market cycles – leveraging automation technology can help. Because as much as automation is a long-term vision, it’s also about lenders proving value to the business as they move along the course.”.

Lending 410

Lending Technology Tools Training 410

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.” ” He added that the hope is we see some improvement in the spring or summer, “but it’s anyone’s guess.” “I

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. Regarding EPM’s strategy in the wholesale space, Kevin DeLory, chief lending officer, said it is not chasing borrowers with specific credit scores or being aggressive in pricing. “Wholesale is growing.

Retail 369

Retail Loan Officers Landlords Lending 369

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 393

Retail Contracts Legal Business 393

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.

Mortgage 504

Mortgage Loan Officers Clients Investing 504

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 362

Mortgage Loan Officers Retail Training 362

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

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 389

Lending Real Estate Agent Loan Officers Retail 389

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.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

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. Appraisers’ jobs are not to facilitate mortgage lending. We are seeing that as a profession again.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. I don’t like that.

Investors 394

Investors Real Estate Agent Loan Officers Technology 394

Housing Wire

FEBRUARY 3, 2022

LoanDepot’s stock at the close of business Wednesday traded at just $4.02 Analysts at Cider Knoll Holdings , an equity research firm specializing in nonbank mortgage originators, project earnings per share for 10 nonbank mortgage companies to contract 30% in the fourth quarter, compared to the previous quarter. It’s simple economics.

Mortgage 381

Mortgage Retail Finance Investors 381

Housing Wire

JUNE 2, 2023

We got to make money running the business. I focus on things I can control, which is running the business operationally profitable: do more loans, watch the margins, and control our expenses to be profitable. We focus on the business. Other places buy loans and act as if they originated. It means nothing.

Retail 365

Retail Inventory Mortgage Loan Officers 365

Housing Wire

NOVEMBER 1, 2021

If you make your living by originating new mortgage loans, I don’t have to tell you that the business is changing. You probably already know that the MBA’s latest mortgage forecast puts the purchase money at 75% of all loan volume. You’re probably already feeling it in your business. Stevens, President at SRE.

Real Estate Agent 407

Real Estate Agent Real Estate Agents Lending 407

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. For the record, I will state that the goal of every appraisal is to estimate the market value of a home, usually for lending purposes.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

McKissock

APRIL 20, 2021

Work with a coach to map out your business. Receive basic training in contracts and how to price properties using comparative marketing analysis. 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

Annarbor Appraisal

SEPTEMBER 6, 2020

When a sale is involved, the valuation may be lower than contracted price. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission. Most appraisers will respond to the ROV as a normal part of their business.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

NOVEMBER 29, 2022

Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now. Loan officers tend to move shops for one of two primary reasons: pain or gain.

Loan Officers 370

Loan Officers Investing Technology Mortgage 370

Housing Wire

JANUARY 17, 2024

Dave Stevens grew up in the mortgage business before serving the industry and its customers both as FHA Commissioner during and immediately after the 2008 financial crisis and then as President & CEO of MBA, where he was instrumental in rebuilding our organization and leading the industry out of the Great Recession.”

Finance 472

Finance Loan Officers Real Estate Development 472

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 354

Retail Real Estate Agent Business Mortgage 354

Housing Wire

APRIL 21, 2022

But Carrie Gusmus , President and CEO of Aslan Home Lending Corporation, has a more positive outlook despite the current headwinds. 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.”. What are you waiting for?

Mortgage 382

Mortgage Contracts Technology Lending 382

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

Housing Wire

NOVEMBER 17, 2022

HousingWire recently spoke with John Keratsis, president and CEO of Deephaven Mortgage, about what lenders should be doing to capitalize on the boom in non-QM lending and why our preconceived notions about non-QM could be all wrong. All of which means there will be a sustained demand for non-QM loans for many years to come.

Lending 337

Lending Investors Real Estate Agent Loan Officers 337

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. HousingWire: What do lending executives need to understand when it comes to supporting top producers? 1 LO in the U.S.

Real Estate Agent 279

Real Estate Agent Mortgage Real Estate Training 279

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. The trajectory of merger and acquisition (M&A) deals bears that reality out. It’s kind of a fight to the bottom.”

Mortgage 370

Mortgage Marketing Buyers Lending 370

Housing Wire

DECEMBER 31, 2021

Bringing together some of the top economists and researchers in housing, the event will provide an in-depth look at the predictions for next year, along with a roundtable discussion on how these insights apply to your business. One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers.

Marketing 431

Marketing Law Government Mortgage 431

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. It is also unclear in the BLS data how mortgage loan servicing personnel are categorized.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

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 80

Appraisal Real Estate Agent Contracts Real Estate 80

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