Housing Wire

APRIL 1, 2024

Two years later, the division has proven to be a key player in the business at Longbridge. To mark the anniversary of the launch and the posture of the wider industry that has evolved during that time, RMD sat down with Parks to discuss how the business has progressed and what it’s looking to accomplish in the future.

Loan Officers 338

Loan Officers Training Business Retail 338

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 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.

Housing Market 501

Housing Market Marketing Real Estate Agent Real Estate 501

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. The plaintiff claims that as the market began to cool, Guild began terminating some employees. 2 in a U.S.

Retail 373

Retail Contracts Loan Officers Mortgage 373

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 393

Loan Officers Mortgage Law Contracts 393

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. Meanwhile, Colorado-headquartered Maxwell claims it has facilitated over $275 billion in loan volume to date and serves more than 300 lenders nationwide.

Lending 379

Lending Technology Loan Officers Clients 379

Housing Wire

APRIL 13, 2021

Austin, Texas might be the hottest housing market in the country. 1 city in population growth for the last eight years and it was the hottest job market in 2019 and 2020, according to the Wall Street Journal. It is just a super tight housing market. Austin has ranked as the No. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 24, 2023

If you are starting the job hunt and want to spin your housing industry experiences into your next ideal role, try these tactics for marketing yourself as the ideal candidate. SaaS companies may also be in the market for sales professionals. That vast experience could be just what a rookie agent or loan officer needs.

Loan Officers 349

Loan Officers Real Estate Agent Real Estate Agents 349

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. Market research backs that up. Technology can often be the catalyst for all three of these business tenets.

Lending 306

Lending Marketing Technology Contracts 306

Housing Wire

NOVEMBER 1, 2023

“We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. It’s expected to be dark, difficult doldrums ahead, one marked by unyieldingly high mortgage rates — now hovering near 8% — and a dearth of mortgage-origination opportunities.

Mortgage 432

Mortgage Loan Officers Finance Buyers 432

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 381

Buyers Agents Loan Officers Real Estate 381

Housing Wire

DECEMBER 1, 2021

Company officials say the moves will allow refi-heavy Better to increase its strength in a mortgage market that is increasingly becoming purchase-focused. Company sources told HousingWire that refi-focused, salaried loan officers made up the majority of the hundreds of employees who received pink slips.

Loan Officers 388

Loan Officers Finance Business Mortgage 388

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

Mortgage 379

Mortgage Loan Officers Technology Real Estate 379

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. billion war chest to navigate the challenging market, according to the lawsuit. During job interviews, executives at AmeriSave allegedly said the company had a $1.5

Loan Officers 438

Loan Officers Retail Contracts Mortgage 438

Housing Wire

NOVEMBER 1, 2022

“Union Home wanted to cripple Caliber’s retail mortgage business in the Southeast and eliminate competition, in particular Georgia, Alabama, and South Carolina, and to convert that production, revenue, and profits to its own,” Caliber says in its lawsuit, which was filed in Texas. billion in mortgage production.

Retail 269

Retail Mortgage Contracts Loan Officers 269

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 382

Loan Officers Retail Lending Contracts 382

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. It’s a shift that is happening in the market.

Retail 366

Retail Loan Officers Landlords Lending 366

Housing Wire

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. The lawsuit, filed Wednesday in the United States District Court, District of Nevada, includes two counts: breach of contract and breach of fiduciary duty/duty of loyalty. billion in business.

Loan Officers 371

Loan Officers Mortgage Retail Contracts 371

Housing Wire

FEBRUARY 11, 2022

Black Knight ‘s Optimal Blue , which provides data for the secondary market, reported the average rate for 30-year conforming mortgages was 4.071% on Friday morning. Bad news for the general economy is paradoxically good for the housing market in so far as rates would decline,” said Len Kiefer, deputy chief economist of Freddie Mac.

Mortgage 382

Mortgage Contracts Loan Officers Insurance 382

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 348

Mortgage Loan Officers Retail Training 348

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. HousingWire first reported on the topic.

Mortgage 345

Mortgage Finance Retail Business 345

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. Meanwhile, trade groups representing lenders believe that more details on the settlement are needed to understand its coming impact on the housing market.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 27, 2022

Vesta has a system of record for loan origination data and documentation; a workflow engine to orchestrate process among borrowers, loan officers, underwriters; and open APIs (application programming interface) for partners to build their own solutions. The company targets the $2.6

Mortgage 354

Mortgage Investors Loan Officers Technology 354

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. More and more, you’ll start to compete for buyer business in a similar way you do for listings now. For Sale By Owners are the same.

Clients 376

Clients Buyers Real Estate Agent Real Estate 376

Housing Wire

OCTOBER 12, 2023

Within mortgage companies, even those that have huge scale versus small scale, they’re offering really the same borrower experience and the same loan officer experience. Obviously, they’ve got some different systems to handle hundreds of loans a month versus thousands or tens of thousands. Well, then what?

Mortgage 403

Mortgage Technology Contracts Realtors 403

Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. The private label market share of U.S. RMBS market. Securities and Exchange Commission.

Loan Officers 420

Loan Officers Supply Chain Mortgage Marketing 420

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

NOVEMBER 9, 2023

But having some experience with that, I didn’t really want to find contract offshore providers. really has a lot to do with the escalating pay scales [for tech workers] which is very hard to digest in a market like we’re in right now. SW: What advantages does building this way gives you in this particular market?

Technology 348

Technology Development Contracts Investing 348

Appraisal Buzz

MAY 17, 2021

Many of the complaints and allegations about appraisals related to not addressing the changes happening in the market as the meltdown began to occur, calling the market stable when prices were starting to decline. Between 2002-2005 in many markets, the real estate market was scorching, much like it is today.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 30, 2021

Despite uncertain economic times, the housing market experienced a surge during the pandemic. And while it’s been over a year since the start of COVID-19, the real estate market hasn’t slowed down. And due to today’s tight market, appraisers are under a great deal of scrutiny to ensure they’re in compliance. Appraisal shortage.

Clients 382

Clients Valuation Real Estate Appraisal 382

Housing Wire

MARCH 5, 2021

At HousingWire’s Spring Summit on Thursday, UWM CEO Mat Ishbia sat down for a one-on-one interview with HousingWire CEO Clayton Collins to discuss UWM’s strategy for this purchase market. ” In the wide-ranging interview, Ishbia said UWM is well-positioned for the purchase market and to grow their market share. .

Investors 381

Investors Real Estate Agent Loan Officers Technology 381

Housing Wire

FEBRUARY 15, 2024

The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023. It’s the first-time buyers who are taking advantage of DPAs for FHA loans, said Miki Adams, president of CBC Mortgage Agency , a federally chartered housing finance agency.

Mortgage 440

Mortgage Buyers Loan Officers Sellers 440

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

JUNE 2, 2023

Mat Ishbia is optimistic about the mortgage market. The Pontiac, Michigan-based United Wholesale Mortgage (UWM) CEO believes that 2022 and 2023 are equally challenging years, but the market will improve in 2024. ” Ishbia says that the wholesale channel should reach 33% market share by 2026, compared to the current level of 22%.

Retail 355

Retail Inventory Mortgage Loan Officers 355

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”. Let’s talk about the difference between today’s market and the one during the years leading up to the bursting of the housing bubble in the Great Recession of 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

FEBRUARY 3, 2022

Driven by a desire to achieve greater scale and gain access to cheaper capital, nonbank mortgage lenders dove headfirst into the public markets during the Covid-19 boom. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 369

Mortgage Retail Finance Investors 369

Housing Wire

AUGUST 31, 2020

And hiring in a wave of high volumes can mean layoffs when the market is less robust. 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.

Lending 404

Lending Technology Tools Training 404

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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Inspection Appraisal Marketing Appraisal Process 78