Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. Harlan Accola. Dan Hultquist.

Business 369

Business Real Estate Agent Real Estate Loan Officers 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 368

Loan Officers Mortgage Real Estate Agent Business 368

Housing Wire

SEPTEMBER 16, 2022

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. Loan Officer Freedom. Loan Officer Leadership. Loan Officer Leadership. 10 Loans a Month.

Loan Officers 410

Loan Officers Mortgage Lending Modernization 410

Housing Wire

SEPTEMBER 14, 2023

And that’s really important, because remember, I put my money behind Angel Ai, so if we let loans go through with a low confidence level, then I’ve got a big problem on my hands — I’m going to have lots of loans on my balance sheet and that’s not good for business. AP: People do get upset.

Loan Officers 409

Loan Officers Technology Mortgage Training 409

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). To succeed, companies will need to empower their teams with the tools, training and decision-making authority to help them win share on a loan-by-loan, borrower-by-borrower basis as quickly as possible.

Loan Officers 407

Loan Officers Technology Lending Tools 407

Housing Wire

NOVEMBER 2, 2022

Regardless, it’s clear that title businesses will need to compete for their share of that available volume, in large part, by differentiating themselves from the competition. In doing so, these title businesses will very likely be building unique differentiators for themselves , not just for the short term. Processes, or chokepoints?

Business 393

Business Technology Human Resources HOA 393

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? Our company was born out of the financial crisis to provide non-QM loan solutions for underserved borrowers such as self-employed.

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Lending Loan Officers Training Investors 382

Housing Wire

MARCH 28, 2024

A race is a useful analog for the mortgage business, especially as it relates to the refinance business. It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. In our business, that’s the refinance transaction.

Mortgage 462

Mortgage Technology Tools Business 462

Housing Wire

MAY 25, 2023

Few loan officers make the purchase product a main part of their business. Real estate agents, loan officers and builders can attract customers they have never captured before. Many of these loan officers have existing relationships with real estate agents and builders,” Cooper said. “If

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 384

Contracts Loan Officers Legal Best Value 384

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 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JANUARY 10, 2023

Not every loan officer that wanted to join APM was hired, however. The focus was on high-producing and profitable branches — and the loan officers who were part of those branches were brought over, Lowman explained. . “We We can get them (LOs) running in about 30 days. billion, plans on expanding in 2023.

Loan Officers 381

Loan Officers Mortgage Training Finance 381

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. Six months ago Interfirst Mortgage Co.

Human Resources 384

Human Resources Loan Officers Retail Training 384

Housing Wire

JANUARY 25, 2023

We have daily calls to give them ideas to go out and bring in business (…) Most people have more than 20 years of experience in mortgage. Covey plans to expand the company’s reach by targeting local and purchase markets through training and hiring top talent, he said in a previous interview with HousingWire. “If

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

SEPTEMBER 27, 2023

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. Ultimately, other banks received four times more loan applications each year in these minority neighborhoods than Washington Trust.

Advertising 428

Advertising Loan Officers Lending Training 428

Housing Wire

JUNE 5, 2023

Mortgage brokers are uniting like never before and finding a true community as entrepreneurs and independent business owners with common goals. Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities. And those tools are just the start.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

FEBRUARY 24, 2023

They value a previous underwriter, loan officer or real estate agent’s experience in the industry because these candidates have a deep knowledge of the inner workings of the business. That vast experience could be just what a rookie agent or loan officer needs.

Loan Officers 383

Loan Officers Real Estate Agent Real Estate Agents 383

Housing Wire

DECEMBER 9, 2022

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. The lender has broker products, including non-QMs and jumbo loans, he added. The lender originated a volume of $1.8 Hiring local, top talent.

Mortgage 410

Mortgage Retail Real Estate Agent Loan Officers 410

Housing Wire

OCTOBER 10, 2022

We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In According to the mortgage data platform Modex , Lower originated a total volume of $5.66

Retail 397

Retail Loan Officers Modernization Training 397

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.

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Marketing Real Estate Agent Loan Officers Advertising 397

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. I think 99% of the loans that I was writing there were refinances.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. It’s the local relationships.

Mortgage 369

Mortgage Loan Officers Lending Retail 369

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. Many are curious about buydowns but we are currently operating in what is still a seller’s market so not seeing many seller-funded buydowns,” a loan officer in Boston noted.

Mortgage 378

Mortgage Marketing Loan Officers Real Estate Agent 378

Housing Wire

JUNE 30, 2022

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 355

Mortgage Real Estate Agent Clients Tools 355

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . About 66.7%

Mortgage 397

Mortgage Loan Officers Retail Training 397

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. What makes you the best loan officer?

Loan Officers 391

Loan Officers Business Clients Training 391

Housing Wire

AUGUST 23, 2023

The second round of layoffs this month mostly affected non-tech workers and included its vice president of creative, an operations training manager and a human resources director. Loan officers were let go in August as well, according to former employees. Mortgage recruiting platform Modex shows that the company originated $1.64

Human Resources 284

Human Resources Loan Officers Project Management Training 284

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 384

Mortgage Loan Officers Retail Technology 384

Housing Wire

JANUARY 17, 2024

Very few are reaping the benefits, but they keep on coming Reverse purchase financing can help older homebuyers improve their financial flexibility when purchasing a new home and help real estate professionals expand their business within the fast-growing segment of the market.

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Ranked as the 18th largest mortgage originator, it originated $24.4

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

MARCH 15, 2023

The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. ChatGPT was launched in November 2022 by OpenAI.

Tools 367

Tools Training Business Development 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 397

Real Estate Agent Loan Officers Retail Training 397

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.

Training 382

Training Loan Officers Lending Mortgage 382

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.

Tools 306

Tools Training Technology Clients 306

Housing Wire

DECEMBER 16, 2022

Want to train for a marathon? Businesses shutting down will be unavoidable. and the host of “The Loan Officer Podcast” The time period is ideal for achieving goals: These 2,400 hours are a sufficient enough block of time to achieve progress, but still short enough to leave no room for procrastination.

Mortgage 397

Mortgage Loan Officers Training Housing Market 397

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Learning to utilize that technology for a database that can be used to maintain constant contact with clients and retain business was crucial, Smallwood said. “We’re

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

AUGUST 27, 2020

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. Opportunities that will be featured include operations coordinators, SAR underwriters, loan officers and loan specialists, to name a few. “We

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Loan Officers Training Business Mortgage 407