Housing Wire

JANUARY 31, 2023

First Internet Bank is shutting down its consumer mortgage business due to a steep decline in mortgage volumes and the negative outlook for mortgage lending that is forecasted to continue for the next several years. The residential mortgage loan balance for First Internet was $383.9

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Business Mortgage Lending Insurance 421

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. Without marketing automation, he probably would have been right. Not anymore.

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Business Marketing Technology Tools 432

Housing Wire

JUNE 17, 2022

Wells Fargo this week warned investors the bank’s mortgage business could drop by almost 50% in the second quarter from the prior quarter. “You’re still seeing some activity in the purchase market, which is good, but affordability does start to become an issue as rates continue to increase.”

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Business Mortgage Lending Investors 410

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. As with the entire mortgage industry, BNC National Bank was heavily impacted by rising interest rates last year.

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Business Mortgage Loan Officers Lending 384

Housing Wire

MARCH 1, 2023

Higher mortgage rates have zapped mortgage demand, as buyers are having second thoughts about purchasing homes. Mortgage applications for home purchases dropped 6% for the week ending February 24 from the previous week, according to the Mortgage Bankers Association ’s seasonally adjusted index. in the previous week.

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Housing Market Business Mortgage Marketing 384

Housing Wire

JULY 15, 2022

Wells Fargo ‘s second-quarter earnings reflect the broader challenges mortgage lenders face in such a turbulent market – in just six months, a rapid rise in mortgage rates has eroded consumer demand, shocked capital markets and forced mass industry layoffs. The lone bright spot was higher mortgage servicing income.

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Business Mortgage Lending Retail 432

Housing Wire

JUNE 20, 2023

North Carolina-based Truist Financial Corporation announced on Tuesday that seasoned mortgage executive David Smith will be the head of Truist Mortgage effective July 31. In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson.

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Business Mortgage Retail Lending 370

Housing Wire

JUNE 15, 2022

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. In this article, you will find tips on how to grow your business, as well as five big mistakes that you may be making in the process.

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Business Mortgage Clients Marketing 370

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. We don’t have a business of selling leads to real estate brokers and the like. “We

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Business Mortgage Technology Real Estate Agent 315

Housing Wire

MARCH 28, 2024

Modern manufactured homes are an unusual feature of today’s housing market, the rare homeownership opportunity that is both lower-cost and high-quality. Credit standards for home-only applicants are much higher than for buyers seeking a mortgage, and this helps explain the high denial rates. Yet help might be on the way.

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Business Finance Buyers Lending 450

Housing Wire

FEBRUARY 15, 2024

We’ve done the hard work in 2023 to be leaner, to be more agile, to be able to rescale the business in a sustainable fashion.” billion net loss in 2022 due to the drastic housing market slowdown in the second half of the year, Opendoor greatly curtailed its spending and home acquisition speed in 2023. After posting a $1.4

Business 420

Business Advertising Inventory Contracts 420

Housing Wire

MAY 15, 2024

New York Community Bancorp , the parent of Flagstar Bank , said it’s still committed to the home loan business despite selling approximately $5 billion in warehouse mortgages to JPMorgan Chase Bank to improve its capital and liquidity position. market share, according to Inside Mortgage Finance (IMF) estimates.

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Mortgage Lending Business Finance 429

Housing Wire

APRIL 23, 2024

Nominations for HousingWire’s 2024 Marketing Leaders award are open now through April 30th, 2024. The HousingWire Marketing Leaders award recognizes outstanding professionals who have demonstrated excellence in marketing within mortgage and real estate. Click here to nominate someone.

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Marketing Project Management Advertising Real Estate 419

Housing Wire

JANUARY 9, 2023

With a challenging year ahead, the professional services company affiliated with Rocket Mortgage has decided to restructure the marketing team in the first week of 2023, resulting in about 20 jobs cut, according to former employees. . Late last week, the Rocket Central Marketing team announced a reorganization,” he said.

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Mortgage Marketing Loan Officers Business 479

Housing Wire

NOVEMBER 15, 2023

The current business environment has left originators scratching their heads and trying new things. Luckily, the mortgage industry is cyclical, so let’s take a look at how you can turn a negative into a positive and grab clients’ attention through effective marketing , ultimately growing your book while others’ shrink.

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Real Estate Agent Marketing Mortgage Real Estate 421

Housing Wire

MAY 26, 2023

Whether you believe the worst market conditions are now behind us or that the coming months will remain turbulent, there’s no doubt that title related businesses will need a combination of thrift, ingenuity, innovation and persistence to be successful for the foreseeable future. This can be a profitable strategy.

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Business Marketing Law Technology 370

Housing Wire

APRIL 26, 2022

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. HousingWire: With interest rates gradually rising and refinance volume on the decline, how can originators benefit from adding reverse mortgages to their product mix?

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Housing Market Business Mortgage Marketing 370

Housing Wire

FEBRUARY 22, 2023

Wells Fargo , the largest depository mortgage lender in America, issued pink slips to employees in its home lending business on Tuesday following its decision to exit the correspondent channel. “I Wells Fargo’s correspondent lending business was already in a freefall. The bank’s mortgage servicing rights declined by 5% to $9.3

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Lending Business Finance Mortgage 522

Housing Wire

MAY 17, 2024

Mortgage advisory firm Stratmor Group has merged with Teraverde , a mortgage advisory firm and technology solutions provider, in a deal that the companies say will allow them to expand the markets they serve and the depth of services provided. The mortgage industry is experiencing one of the toughest markets in its history.

Mortgage 421

Mortgage Technology Clients Business 421

Appraisal Buzz

MAY 2, 2024

Danielle Walker has been promoted to senior vice president, business development, at Xactus. Walker has almost 20 years of mortgage industry experience helping lenders mitigate risk. She is currently a board member for the Spokane Association of Mortgage Professionals serving as secretary and website committee chair.

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Development Business Valuation Modernization 195

Housing Wire

DECEMBER 15, 2023

Dallas, Texas – HousingWire, the leader in mortgage and real estate news and information, proudly announces the ascension of its flagship podcast, HousingWire Daily , to the No. 2 position among business news podcasts in the United States. In-person engagement at events like The Gathering further strengthens the bond. .”

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Business Advertising Real Estate Law 431

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. Our mission is to help loan originators become better at what they do in every aspect of their business and in their life,” Braheem said.

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Mortgage Marketing Loan Officers Training 410

Housing Wire

OCTOBER 2, 2023

Mortgage companies raising debt in the current high mortgage rates landscape is a sign that market conditions are improving, although a recovery from the downturn may come later than expected, analysts told HousingWire. And recent transactions show that there’s an appetite among investors for debt in the mortgage space.

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Mortgage Marketing Investors Investing 431

Housing Wire

MAY 2, 2023

Columbus, Ohio-based Go Mortgage has announced the appointment of Jessica Manna as its chief marketing officer. In her new role, Manna will be responsible for overseeing all marketing initiatives and strategies to promote Go Mortgage’s brand further and drive business growth.

Mortgage 384

Mortgage Marketing Lending Business 384

Housing Wire

APRIL 15, 2024

The National Association of Mortgage Brokers (NAMB) announced a partnership with artificial intelligence (AI)-based video marketing platform Roomvu to provide mortgage brokers with marketing tools. Their innovative marketing technology is easy to use and is proven to move the needle in our industry.

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Marketing Real Estate Agent Tools Realtors 418

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Market Mortgage Marketing Real Estate 434

Housing Wire

SEPTEMBER 27, 2023

Despite mass layoffs in the wake of the Federal Reserve’s fight against inflation, mortgage professionals still see opportunities in the market. in events to garner business. Others allocated resources into digital marketing (31.1%), automation technology (26.7%) and market data (19.3%). Roughly 36.3%

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Housing Market Mortgage Marketing Inventory 421

Housing Wire

MARCH 20, 2023

Cloud-based loan origination system LendingPad has integrated with Aduvo, which provides mortgage marketing automation solutions. “In We’re excited and thankful for the opportunity to offer LendingPad users a turnkey mortgage marketing automation solution that works seamlessly with the LendingPad LOS ,” Bopp added.

Marketing 370

Marketing Mortgage Realtors Lending 370

Housing Wire

APRIL 24, 2024

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler.

Mortgage 420

Mortgage Loan Officers Training Business 420

Housing Wire

FEBRUARY 12, 2024

Shannon Robinson has been serving as vice president for the reverse mortgage division at New American Funding (NAF) for just over a year, a time that was marked by a lot of challenges across the reverse mortgage. It was a challenge for so many in the reverse space, but also in the mortgage space, generally,” she said.

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Business Loan Officers Clients Mortgage 410

Housing Wire

NOVEMBER 2, 2023

Smart Rate Mortgage, LLC is no longer licensed as a residential mortgage company in Illinois. In addition, the Nationwide Multistate Licensing System (NMLS) shows that Jacksonville, Florida-based Smart Rate is no longer authorized to conduct business as of Oct. Strauss’s restriction to do business started Oct.

Business 441

Business Loan Officers Law Mortgage 441

Housing Wire

JUNE 27, 2023

As the mortgage industry continues to reduce capacity amid shrinking volumes, mortgage professionals are reluctant to spend on tech, services or solutions. Other responses included cutting down excessive incentives, business trips, open houses and sponsorships. Of the 166 completed surveys, 31.9% were from the Northwest.

Mortgage 370

Mortgage Marketing Tools Open Houses 370

Housing Wire

JULY 19, 2023

Go Mortgage sued its former director of capital markets for “corporate sabotage,” alleging computer fraud, violation of trade secrets, breach of contract and tortious interference with a business relationship. By then, Go Mortgage had sustained millions of dollars of financial losses.

Mortgage 370

Mortgage Marketing Retail Construction 370

Housing Wire

APRIL 18, 2024

The challenges in today’s mortgage market have caused many originators to expand their loan product offerings outside of qualified mortgage (QM) criteria set by the Consumer Financial Protection Bureau (CFPB). Higher interest rates , shrinking Agency business and low inventory still threatens volume.

Marketing 431

Marketing Investors Real Estate Business 431

Housing Wire

NOVEMBER 12, 2020

In April, with the coronavirus pandemic raging across the country, leaders at JPMorgan Chase made the call: the bank was going to significantly tighten mortgage lending standards. Borrowers weren’t going to get a new mortgage without a 700 or higher credit score and at least 20% down. Its home-lending business sported $1.71

Business 441

Business Mortgage Retail Lending 441

Housing Wire

APRIL 24, 2024

Mortgage lenders should get used to the concept of ”higher for longer” interest rates and work to bring profitability to their businesses, according to Stan Middleman, founder, president and CEO at Freedom Mortgage. That’s not enough to change your life, your business, your margins. Guess what?

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Mortgage Business Finance Investing 432

Housing Wire

MAY 13, 2024

The former reverse mortgage team from Norcom Mortgage in Avon, Connecticut — which elected not to move to CMG Financial following its acquisition of Norcom last month — has selected Texas-based Supreme Lending as its new home, with John Luddy serving as SVP of reverse lending. She absolutely checked all the boxes for us.

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