Housing Wire
DECEMBER 16, 2021
It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.
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. There are thousands of loan officers out there.
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Housing Wire
NOVEMBER 23, 2022
The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.
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%.
Housing Wire
JUNE 22, 2023
Now that it’s getting back into the forward mortgage origination business, AmeriFirst plans to focus on providing buyers with competitive rates by cutting branch and regional margins, which led to higher fees for buyers. LOs at the lender receive 150 to 165 bps per loan depending on the arena, Bowlby said.
Housing Wire
DECEMBER 28, 2023
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.
Housing Wire
DECEMBER 29, 2023
You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.
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