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. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 364

Mortgage Retail Lending Loan Officers 364

Housing Wire

FEBRUARY 8, 2023

According to a statement from the company, “Homelendia Mortgage will offer a unique and streamlined approach to mortgage brokerage ownership and the mortgage process, utilizing cutting-edge technology to provide a seamless and efficient experience for borrowers and lenders.

Brokerage 356

Brokerage Mortgage Training Lending 356

Appraisal Buzz

APRIL 23, 2024

He spent over a decade in various executive and managerial positions, where he led a highly successful team that included analytics, risk management, training, communications and vendor management while managing two of the top five lending institutions and the firm’s GSE relationships.

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Lending Training Design Tools 195

Housing Wire

OCTOBER 19, 2021

Additionally, homebuyers demand a fast and simple mortgage lending experience, similar to the other types of technology-driven solutions they enjoy in other aspects of their lives. Lenders haven’t been able to hire and train fast enough. The post The originations landscape is shifting – is your business ready?

Business 361

Business Clients Technology Training 361

Housing Wire

FEBRUARY 21, 2024

Axis 360 Lift strives to offer a comprehensive understanding of the mortgage business by addressing each step of the process. Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts.

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Housing Market Mortgage Marketing Real Estate 350

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace?

Technology 356

Technology Business Lending Training 356

Housing Wire

AUGUST 15, 2023

Brittany Roseboro and John Glover claim that Rocket’s leadership required them to attend unpaid pre-shift meetings and, due to technological delays and other problems, they usually had an uncompensated preliminary “boot-up” and “clock-in” time. Defendants also said they had to attend mandatory training and tests without compensation.

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Training Technology Law Mortgage 360

Housing Wire

JUNE 30, 2021

With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. This allows UWM to build our own technology and deploy faster rather than rely on other vendors and continues to level the playing field for mortgage brokers.”.

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Tools Training Technology Clients 306

Housing Wire

MAY 2, 2022

It was not enough: the Rosemont, Illinois-based business plans to lay off 140 more employees in May, a Worker Adjustment and Retraining Notification Act (WARN) the company filed in early March reveals. The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions.

Human Resources 375

Human Resources Loan Officers Retail Training 375

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Lending Mastery.

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Loan Officers Mortgage Lending Modernization 410

Appraisal Buzz

APRIL 15, 2024

Lenders, Lender Technology Providers, Appraisal Management Companies (AMCs), Appraisal Software Providers, and Appraisers will need to devote time and resources to this evolution. This necessitates innovation and adaptation, potentially narrowing the technological and market advantage that existing providers might have had.

Appraisal 397

Appraisal Design Lending Development 397

Housing Wire

NOVEMBER 16, 2023

When I build it all in house, I architect it from the start from both the technical aspect and business aspect, specifically for the wholesale channel and the broker model. JB: Even with volume down, we’re so committed to technology that my team continues to grow. SW: What’s the competitive advantage there?

Technology 440

Technology Training Development Mortgage 440

Housing Wire

MARCH 10, 2023

For the new value acceptance plus property data option, third parties are authorized to do that collection at the property site, as long as lenders verify that they have a background check, have been “professionally trained” and are competent to do that collection. “Shift NOW as much appraisal work as possible away from Fannie Mae.

Valuation 384

Valuation Inspection Training Appraisal 384

Housing Wire

APRIL 5, 2024

With civil rights bills like the Fair Housing Act (FHAct) and Equal Credit Opportunity Act (ECOA) now the law of the land, most lenders will note that they rely on supposedly objective borrower screening algorithms to make lending decisions. But the results tell a different story.

Mortgage 369

Mortgage Lending Buyers Property Management 369

Housing Wire

MARCH 23, 2023

With current market conditions having a negative impact on traditional agency loans, expanding into non-QM products can allow brokers to grow their business and reach a wider borrower pool. The right lender partner will offer its brokers valuable resources, such as dedicated support, education and training on non-QM products.

Marketing 328

Marketing Lending Advertising Technology 328

Housing Wire

DECEMBER 13, 2021

Serving some of the top organizations in the real estate and lending space is a privilege,” said Jason Mitchell, president of JMG. When you are able to add the number of closings we do to our agents’ book of business, they understand the importance of delivering the results we require.”. Technology plays a vital role in this.

Real Estate 421

Real Estate Real Estate Agent Agents Clients 421

Housing Wire

SEPTEMBER 20, 2022

There’s an opportunity here for risk and QC teams to encourage trust in the lending space through strong processes and review. Ensuring trust in lending opens doors for more creativity, such expansion of the credit box and additional products, ultimately increasing access to homeownership and therefore, expansion of the credit box.

Marketing 336

Marketing Training Clients Technology 336

Housing Wire

APRIL 30, 2021

As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. A primary reason community lenders avoid outsourcing is that they fear giving up control of their business.

Marketing 250

Marketing Technology Lending Business 250

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. I mean we’re talking up to 30 years,” Nichols said.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

FEBRUARY 18, 2022

The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. Since the 1930s, appraisers have largely been trained the same way — the supervisor/trainee mentorship model. It’s my hope that appraisers can be part of the solutions.

Training 373

Training Valuation Appraisal Real Estate 373

Housing Wire

AUGUST 3, 2021

According to the Detroit-based company, it will be leveraging the same technology, data and client experience used in the mortgage, real estate and personal lending spaces “to help Americans make their home more energy efficient.”. PACE programs are also not regulated as heavily as other financial services, including mortgage lending.

Mortgage 417

Mortgage Clients Lending Technology 417

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? Underwriters are trained as desktop underwriters (DUs). It’s not subprime lending. Scaling is hard.”.

Lending 369

Lending Investors Mortgage Clients 369

Housing Wire

SEPTEMBER 22, 2020

It’s no secret that much of our space is busy trying to push mortgage loans through the pipeline without losing them as their sales funnels overflow. This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. It’s not a direct revenue center. It’s tedious.

Training 363

Training Lending Loan Officers Technology 363

Housing Wire

OCTOBER 26, 2020

In the COVID-19 era, that means AmeriHome has spent even more time listening to what clients need and adapting their products and services to help clients navigate constantly changing lending conditions. “We AmeriHome’s commitments to clients and business partners have never missed a beat.”.

Client Relationships 375

Client Relationships Clients Technology Business 375

Housing Wire

NOVEMBER 23, 2021

Just shy of a year ago, Interfirst announced that it would be opening an office in Charlotte to serve as a second headquarters for the company’s wholesale business. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending.

Mortgage 378

Mortgage Loan Officers Retail Technology 378

Housing Wire

MARCH 23, 2022

Seeking business growth in the current rising rate environment, originators are contemplating the benefits of adding reverse mortgages to their product mix. HousingWire: What are some potentially overlooked products that originators could add to their portfolios to grow their businesses in the rising rate environment?

Mortgage 377

Mortgage Clients Business Training 377

Housing Wire

AUGUST 14, 2020

The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. Recent growth has created the need for additional staff in many corporate areas as well such as information technology, business intelligence, marketing and many others.

Human Resources 362

Human Resources Retail Training Lending 362

Housing Wire

DECEMBER 7, 2023

An additional step-up this year in wire fraud in social engineering and business email compromise, and it’s coming in several new ways. One of the advancements this year has been the adoption of new technology platforms like chatGPT, using AI to mimic somebody’s voice to spoof phone numbers. TC: Seller impersonation fraud.

Real Estate 443

Real Estate Sellers Technology Real Estate Agent 443

Housing Wire

AUGUST 9, 2023

Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. Companies that are not prepared for those events react late, hire late, train late and miss most of the opportunity,” Ishbia said. million in the second quarter, compared to a $106.8

Training 370

Training Mortgage Technology Investing 370

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

Training 255

Training Technology Real Estate Valuation 255

Housing Wire

AUGUST 7, 2020

As record-low interest rates drive a refinance boom and spikes in mortgage applications, many businesses are adjusting to the present market. Increased volume is great for business, but the excitement of an influx of customers can make it easy to forget about the challenges of taking on that much volume.

Technology 380

Technology Tools Loan Officers Business 380

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. According to former employees and executives, business seemed strong as recently as summer 2021.

Mortgage 362

Mortgage Loan Officers Retail Training 362

Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. Suddenly the lender has relevant products for homebuyers they couldn’t serve before: the self-employed, business owners and entrepreneurs of all kinds.

Marketing 350

Marketing Lending Loan Officers Training 350

Housing Wire

APRIL 7, 2022

While the pandemic thrust RON into the mainstream of the industry, many are still wondering how the technology can benefit them and the closing process going forward. The process includes a notary and a document signer using secure audiovisual and digital signing technology to finalize any financial document.

Law 366

Law Technology Insurance Agents 366

Housing Wire

FEBRUARY 25, 2022

In March 2021, UWM imposed on brokers its “all-in initiative,” ending its business relationship with partners who chose to continue sending loans to Rocket or Fairway for review, underwriting, purchase and funding. The disputes involve Californian brokerage shops Kevron Investments Inc. and Mid Valley Funding & Inv.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The change resulted in Better’s exit from its real estate business. We aim for a similar mix.”

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Realtors Technology Insurance Mortgage 366