Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. of the surveyed mortgage professionals said loans falling through was the biggest challenge, ranking as the second most challenging factor. About 19.4%

Mortgage 339

Mortgage Marketing Loan Officers Real Estate Agent 339

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% million units last month from July, according to the National Association of Realtors (NAR). Will Savage, an LO at PMC Mortgage.

Mortgage 412

Mortgage Loan Officers Buyers Inventory 412

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 387

Loan Officers Agents Retail Technology 387

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. I feel bad trying to convince somebody that it’s a good time to buy and get a mortgage.

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

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. Cracking the code on marketing to the realtor channel.

Mortgage 370

Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

APRIL 1, 2024

In October 2023, the firm — which is known for its “buy before you sell” product that enables a mortgage lender to treat the client’s current home as sold while giving them the ability to sell their home on the open market for up to 90 days after buying their new property — launched a partner channel.

Loan Officers 381

Loan Officers Clients Mortgage Construction 381

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The reverse mortgage industry, he added, is adding its own brand of perseverance to the table.

Retail 342

Retail Mortgage Business Loan Officers 342

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5%

Agents 448

Agents Sellers Buyers Finance 448

Housing Wire

SEPTEMBER 21, 2022

As more of these younger borrowers begin to show interest in buying a home, it’s a great idea to use TikTok not only as a way to connect with prospective borrowers, but to educate them on mortgage as well. Scott Betley is a loan officer for NFM Lending with more than 10 years of experience helping first-time home buyers and move-up buyers.

Loan Officers 370

Loan Officers Buyers Mortgage Realtors 370

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 376

Mortgage Retail Loan Officers Brokerage 376

Housing Wire

FEBRUARY 10, 2023

Beret Kechian, loanDepot ’s top producer and branch manager, is joining a slew of mortgage loan originators who are cautiously optimistic about the mortgage landscape in 2023. Buyers seem like they can’t get a break,” Kechian said. “I So more realtors in the area have started working with us.

Marketing 366

Marketing Inventory Loan Officers Buyers 366

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 million homes bought and sold in the U.S.

Loan Officers 390

Loan Officers Real Estate Agent Real Estate Finance 390

Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business.

Loan Officers 362

Loan Officers Real Estate Technology Business 362

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! In order to be more effective in my role at Homeward, I’ve had to deepen my understanding of mortgage. There are just so many companies that have the objective of displacing the Realtor altogether.

Real Estate 381

Real Estate Realtors Brokerage Business 381

Housing Wire

JULY 1, 2021

The fact that Black buyers report earning more money and making more financial sacrifices to enter the homeowner class is one example of how difficult it is for Black people in this country to achieve the American dream.” “Homeownership is closely tied to the American ideal of freedom, and specifically financial freedom.

Loan Officers 477

Loan Officers Realtors Open Houses Law 477

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Housing Market 302

Housing Market Marketing Loan Officers Buyers 302

Housing Wire

SEPTEMBER 22, 2022

Guaranteed Rate and CrossCountry Mortgage have their eyes fixed on serving more Hispanic borrowers, who are expected to make up 70% of homeownership growth in the U.S. Chicago-based Guaranteed Rate this week rolled out an expanded Language Access Program, which has applications and loan servicing in Spanish for consumers in all 50 states.

Marketing 363

Marketing Tools Loan Officers Finance 363

Realtor

OCTOBER 16, 2023

“Doing your due diligence can help you avoid some of the most common rookie mistakes, so you come out not only with the home of your dreams, but also a mortgage you can afford.” Here are some common blunders homebuyers make when attempting to secure a mortgage.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Real Estate 367

Real Estate Real Estate Agent Clients Agents 367

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. They ask their Realtor or trusted friend or family member for a referral.

Business 344

Business Loan Officers Real Estate Agent Real Estate 344

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Parker is a HousingWire 2022 Mortgage Marketing Leader with a focus on business development and marketing.

Loan Officers 317

Loan Officers Business Mortgage Clients 317

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

Loan Officers 379

Loan Officers Inventory Real Estate Agent Buyers 379

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

Housing Market 370

Housing Market Marketing Mortgage Buyers 370

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 356

Inventory Marketing Business Buyers 356

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 391

Clients Agents Buyers Sellers 391

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 436

Real Estate Agent Loan Officers Real Estate Agents 436

Birmingham Appraisal

FEBRUARY 8, 2023

Appraisals can be performed for other reasons besides lending, however, for purposes of our discussion here we’re going to be discussing an appraisal that is done in order to obtain a mortgage loan. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% Bluffton, South Carolina. However, this growth has come at a cost. in 2021 to $330,745. “It

Housing Market 392

Housing Market Marketing Real Estate Agent Real Estate 392

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 393

Business Loan Officers Clients Inventory 393

Lamacchia Realty

DECEMBER 10, 2021

IMPORTANT THINGS BUYERS SHOULD KNOW ABOUT THE CLOSING PROCESS. Stay vigilant with the information you provide and if something seems off, and always before you wire money, confirm with your REALTOR, Attorney or Title company verbally from a known number. Buyer Resources. New Loan Limits set for 2022. Additional Resources.

Buyers 65

Buyers Insurance Realtors Loan Officers 65

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate 353

Real Estate Brokerage Real Estate Agent Technology 353

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers. Direct lenders.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Cornerstone

APRIL 2, 2021

Mortgage rates reached new lows multiple times, and buyers took advantage of this surge in affordability by snapping up available houses. Buyer activity remains high , and low inventory continues to pose a problem. 12 Easter-inspired home staging ideas your buyers will love. Connect with a local loan officer now.

Decorating 41

Decorating Buyers Sellers Loan Officers 41