Clients Contracts Inventory Loan Officers 
Housing Wire
MARCH 5, 2024
“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.
Housing Wire
JUNE 5, 2023
As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.
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Housing Wire
NOVEMBER 7, 2023
So how do you provide overwhelming value to your buyer clients? Here are the top five ways to provide value to your buyer clients. Present to your buyer clients just like you would in a listing presentation. One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory.
Housing Wire
SEPTEMBER 7, 2023
Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.
Housing Wire
SEPTEMBER 2, 2021
Without loan officer adoption, that spend becomes frivolous, making a lender’s decisions on which technologies to include in the tech stack extremely important. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.
Housing Wire
FEBRUARY 7, 2023
And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. Tozer suggested “a fee of 1.3%
Housing Wire
MAY 12, 2022
Inventory is contracting. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress. Rate increases, declining inventory and fewer customers test lenders’ resilience and sustainability as well as their ability to cater to the customers they do have.
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