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Opinion: Do loan officers need more tech than they have now?

Housing Wire

I am about to say something in 2022 that no one in software design and process management would say. Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now.

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Opinion: The role of the LO will soon be very different

Housing Wire

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

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

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. But economic forecasts and housing market predictions suggest that businesses need to be prepared for another shake-up in the near future.

Finance 440
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United Wholesale Mortgage’s program Boost helps independent mortgage brokers connect with borrowers

Housing Wire

To further catapult wholesale channel growth, United Wholesale Mortgage (UWM) remains committed to developing proprietary technology and amplifying state-of-the-art training programs for mortgage brokers across the country. “At Brokers will also have the opportunity to purchase leads tailored to fit their unique business needs.

Mortgage 318
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2020 HW Tech Trendsetter: Paul Akinmade

Housing Wire

Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge. During Akinmade’s tenure, CMG launched HomeFundIt, a digital down payment gifting platform, and enhanced the service with iterations like UpIt.

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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

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.

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