The Appraiser Coach

SEPTEMBER 14, 2021

Appraisers have been accused of being “speed bumps” in the lending process. We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

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. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property.

Buyers 436

Buyers Loan Officers Real Estate Agent Agents 436

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. The Detroit-based lender generated $22.3

Loan Officers 367

Loan Officers Mortgage Real Estate Agent Real Estate 367

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. And Rocket is well aware.

Loan Officers 369

Loan Officers Retail Real Estate Agent Real Estate 369

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Bowlby noted that AmeriFirst never closed business. The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. relaunched its forward mortgage originations.

Loan Officers 362

Loan Officers Mortgage Real Estate Agent Business 362

Housing Wire

SEPTEMBER 14, 2020

We are living in fast-changing times, and lenders that don’t embrace those changes will not compete well for business in a post-COVID-19 world. In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. Peering into the future of lending.

Lending 487

Lending Mortgage Technology Business 487

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.

Loan Officers 342

Loan Officers Mortgage Retail Real Estate Agent 342

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s It could open up the door for more business,” he said.

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 416

Loan Officers Agents Retail Technology 416

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 417

Buyers Agents Loan Officers Real Estate 417

Housing Wire

SEPTEMBER 30, 2020

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 able to “surround and extend” loan origination systems to provide a more efficient lending experience.

Lending 200

Lending Real Estate Agent Loan Officers Architecture 200

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. It’s the local relationships.

Mortgage 367

Mortgage Loan Officers Lending Retail 367

Housing Wire

MARCH 20, 2023

on Monday announced that Frontwave Credit Union will now implement Empower, Black Knight’s cloud-based loan origination system, and its integrated solutions, for the expansion of its mortgage lending operations. Black Knight, Inc. The LOS accounts for about 10-15% market share.

Tools 344

Tools Property Taxes Real Estate Agent Technology 344

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Mortgage 370

Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. I have my business cards everywhere because the more people that see your cards and face, the better,” Naumovych said.

Marketing 418

Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 368

Mortgage Retail Lending Loan Officers 368

Housing Wire

OCTOBER 6, 2023

The California-based lender started to market late last year a non-qualified mortgage (non-QM) option to the “underserved population of entrepreneurs in the cannabis business.” The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

FEBRUARY 16, 2024

We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. RA: One thing that most don’t realize about NAF is that we consider ourselves a legacy family business. We are a family business, and a lot of our family works here. It’s also good business.

Loan Officers 442

Loan Officers Retail Clients Real Estate Agent 442

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 356

Loan Officers Architecture Real Estate Agent Clients 356

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. billion in loan origination volume in 2021.

Mortgage 397

Mortgage Loan Officers Lending Real Estate Agent 397

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. a loan officer in Washington noted.

Mortgage 383

Mortgage Marketing Loan Officers Real Estate Agent 383

Housing Wire

MARCH 15, 2022

The key to winning purchase business in 2022 remains as it was in 2021, the year before that, and the year before that – building and maintaining relationships with real estate agents. “The agent is crucial,” he added. You’re really feeling it right now, you’re feeling it big time,” Medellin said.

Realtors 462

Realtors Real Estate Agent Real Estate Agents 462

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Work with a coach to map out your business.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings.

Technology 381

Technology Real Estate Agent Loan Officers Lending 381

Housing Wire

MARCH 4, 2021

“We don’t need to fund Fairway Independent or Rocket Mortgage to try to put brokers out of business. 1, the wholesale mortgage lending division of Rocket Companies launched a national mortgage broker directory on its website, and this week launched a jumbo product for brokers. We don’t need to do that.

Real Estate Agent 521

Real Estate Agent Loan Officers Mortgage Lending 521

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market.

Mortgage 352

Mortgage Real Estate Agent Real Estate Clients 352

Housing Wire

JUNE 30, 2022

An increasingly digitized world has given way to new solutions that are making business easier for everyone, mortgage lenders included. They are measuring real life business outcomes and impacts, and aren’t caught up in the fallacy of counting log-ins. Will it help me attract solid producers to my business – and retain them?

Mortgage 360

Mortgage Real Estate Agent Technology Loan Officers 360

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

DECEMBER 6, 2022

The builder’s real estate agent swapped in the middle of the transaction, so things got a bit mixed up and no one updated the clients’ files to reflect the change in lender,” Summers explained. “So, In turn, real estate agents are doing everything they can to ensure they get their clients into their home of choice.

Real Estate 369

Real Estate Real Estate Agent Clients Agents 369

Housing Wire

DECEMBER 11, 2023

Despite rising housing unaffordability , we in the real estate business know that homeownership is still a fantastic way to build generational wealth. Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all.

Real Estate Agent 473

Real Estate Agent Real Estate Agents Lending 473

Housing Wire

APRIL 10, 2023

From our perspective, it’s time to get busy investing in relationships and playing the long game, while weathering the storm. Technology that creates stronger relationships with real estate agents/professionals is also critical, as these relationships typically provide the lion’s share of a lender’s borrower leads/opportunities.

Home Value 446

Home Value Technology Clients Advertising 446

Housing Wire

JANUARY 24, 2023

The ‘ultimatum ’ it imposed two years ago effectively prohibited broker partners from also doing business with two of UWM’s rivals. The lender’s price reduction by 50 to 100 basis points across all its loans last year led to accusations that UWM was making it impossible for some lenders to do business in the space.

Lending 367

Lending Law Legal Training 367

Housing Wire

MARCH 15, 2021

But as of Monday, he will no longer do business with the lender, which originated over $182 billion in mortgages last year and is easily the biggest producer within the space. At stake is the business of about 3,000 brokers who use UWM, Rocket and/or Fairway. “It’s honestly an excellent company,” he said of UWM.

Real Estate Agent 417

Real Estate Agent Loan Officers Retail Training 417

Housing Wire

MARCH 5, 2021

Brokers are incredibly smart and savvy mortgage professionals and business owners,” Niemiec added. Will the movement cause Quicken Loans or loanDepot to get out of wholesale? But if they get less business, maybe they would stop soliciting to clients,” Ishbia said back in 2017. “We

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

Housing Wire

JUNE 30, 2021

“At UWM we focus on our client service, operational efficiency and speed to close loans. With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. Blink+ is a white-label, borrower-facing digital application tool.

Tools 321

Tools Training Technology Clients 321

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 443

Real Estate Agent Real Estate Agents Lending 443

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382