Housing Wire

DECEMBER 11, 2023

Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards. fair lending laws has been on regulators’ radar in recent years. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January.

Mortgage 454

Mortgage Lending Law Loan Officers 454

Housing Wire

FEBRUARY 14, 2024

A majority of homeowners must sell their current home before they can qualify for a mortgage on their next home due to federal lending requirements around debt-to-income and down payments. JF: We’ve carefully designed our processes, so our incentives are always aligned with yours.

Buyers 406

Buyers Loan Officers Real Estate Agent Agents 406

Housing Wire

APRIL 3, 2023

Cornerstone Servicing , a division of recently formed Cornerstone Capital Bank , has launched a subservicing business, the company announced Monday. Cornerstone Servicing ’s client portal provides complete, real-time portfolio analytics and loan-level data to enable smart portfolio management. billion in assets.

Loan Officers 352

Loan Officers Clients Design Lending 352

Housing Wire

FEBRUARY 10, 2023

The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. Guaranty Home Mortgage said the goal of the portal is to help scale businesses and make its workflow more efficient through the use of this product. The company had production volume of $148.76

Retail 363

Retail Tools Loan Officers Design 363

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Loan Officers 327

Loan Officers Retail Lending Investing 327

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 358

Loan Officers Retail Real Estate Agent Real Estate 358

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 196

Lending Modernization Mortgage Technology 196

Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

Loan Officers 316

Loan Officers Architecture Real Estate Agent Clients 316

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 435

Lending Technology Tools Training 435

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. However, not all LOs and brokers are set up to take on an influx of non-QM business.

Lending 395

Lending Investing Loan Officers Design 395

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 420

Mortgage Project Management Insurance Loan Officers 420

Housing Wire

SEPTEMBER 23, 2022

Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023. We are continually seeking opportunities for partnerships to help us lead our industry into the next generation of mortgage lending.”.

Mortgage 370

Mortgage Retail Loan Officers Technology 370

Housing Wire

JUNE 24, 2021

Strong purchase lenders that historically did 70% purchase business, originated 70% refinance. And while that refi wave continues to drive some unbelievable production numbers – now is the time for mortgage professionals to focus on the purchase business that will be critical to success over the next decade. Building a Personal Brand.

Loan Officers 311

Loan Officers Lending Finance Business 311

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Design your ideal client, the type of borrower you’d love to work with, and go from there. “If

Loan Officers 297

Loan Officers Business Mortgage Clients 297

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 423

Housing Market Marketing Contracts Finance 423

Housing Wire

AUGUST 8, 2023

According to Sahi, there are three primary components that will help lenders succeed in today’s mortgage environment, and beyond: speed to market, margin management and loan officer experience and education. “If First, the PPE should be architecturally designed to accommodate any lenders’ unique business strategy or use case.

Architecture 313

Architecture Technology Loan Officers Design 313

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

Lending 36

Lending Valuation Home Value Design 36

Housing Wire

MAY 2, 2021

With so many people involved – including the appraisal desk, loan operations, loan officers, underwriters, the IT/product team, borrowers and appraisal vendors – there’s room for error that could negatively impact the home buying experience. Brian Zitin, Co-Founder and CEO.

Appraisal 223

Appraisal Appraisal Process Valuation Loan Officers 223

Housing Wire

MARCH 24, 2021

Since UWM president and CEO Mat Ishbia appeared on Facebook Live on March 4 and announced that brokers could not work with Fairway and Rocket Mortgage and still do business with UWM, Fairway has seen a dramatic uptick in business, according to its CEO, Steve Jacobson. “We’re up over 100 inquiries since March 4.”

Real Estate Agent 396

Real Estate Agent Retail Real Estate Design 396

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. Stay tuned for updates.

Investing 507

Investing Loan Officers Development Technology 507

Assurance Financial

APRIL 15, 2024

Prairieville, Louisiana, is a small census-designated place just south of Baton Rouge. Its low population lends itself to a comfortable life within a tight-knit community. Residents can easily commute from their Prairieville homes to their jobs with the many growing businesses in the region.

Housing Market 36

Housing Market Loan Officers Finance Buyers 36

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officers 367

Loan Officers Training Development Technology 367

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

Lending 381

Lending Loan Officers Development Mortgage 381

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans.

Loan Officers 373

Loan Officers Law Training Lending 373

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? If it appears to a VA appraiser that the appraised value of a property is going to come in below the pending sales price, the appraiser must contact the designated point of contact (POC) party that is specified in the appraisal order. These appraisals kept appraisers busy.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

APRIL 23, 2024

The rule is designed to “[protect] the fundamental freedom of workers to change jobs, increasing innovation, and fostering new business formation,” the FTC said in its announcement of the rule. The FTC claims that doing away with noncompetes will help more entrepreneurs to create more businesses, resulting in 2.7%

Real Estate Agent 440

Real Estate Agent Loan Officers Lending Real Estate 440

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Design a photo with the testimonial included, then use the caption to express gratitude for the review. Sharing your success lends to your credibility as an agent.

Real Estate 392

Real Estate Agents Real Estate Agent Clients 392

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending 298

Lending Advertising Design Loan Officers 298

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Fannie Mae’s Value Acceptance + Property Data program and Freddie Mac’s ACE+ PDR waive the traditional appraisal requirements for qualifying loans.

Modernization 371

Modernization Appraisal Inspection Valuation 371

Housing Wire

OCTOBER 6, 2020

When the concept of big data first emerged, it was a dream based on the need to centralize information so lenders could run analytics to gain insight into the nature of their evolving businesses and the changing demands of customers. Lending technology out of focus. In other cases, the loan officers didn’t trust the technology.

Technology 475

Technology Mortgage Investing Investors 475

Housing Wire

JANUARY 12, 2021

Cason will serve as CEO and succeed the company’s cofounder and CEO Peter Esparrago, who will become FinLocker’s executive chairman and will continue to lead key strategic business relationships. Earlier this week, Fannie Mae’s former head of single family lending Andrew Bon Salle was named chairman of the board of Home Point Capital.

Tools 353

Tools Loan Officers Lending Design 353

Housing Wire

SEPTEMBER 14, 2023

Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said. We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.

Investors 354

Investors Investing Mortgage Real Estate 354

Housing Wire

SEPTEMBER 30, 2021

The adoption of digital lending solutions has been increasing over the last few years, with the COVID-19 pandemic only accelerating the process. DocMagic delivers that technology in one seamless process provided by a single-solution suite designed to make the client experience as simple as possible. How it began.

Technology 313

Technology Clients Supply Chain Design 313

PennyMac

OCTOBER 13, 2021

Marketing expert Bert Martinez has consulted with companies like Google and Remax, as well as thousands of small businesses. With its considerable focus on design, decor, and lifestyle imagery, Instagram is a great match for real estate and neighborhood content. Hear about your options with a PennyMac Loan Officer today.

Real Estate 41

Real Estate Marketing Real Estate Agent Agents 41

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. The pandemic further validated the essential rightness of WFG’s design.

Insurance 369

Insurance Real Estate Technology Loan Officers 369

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 81

Appraisal Real Estate Agent Contracts Real Estate 81

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. A USDA loan is a mortgage either directly from the U.S. Closing Disclosure.

Mortgage 69

Mortgage Insurance Sellers Inspection 69