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.

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 433

Mortgage Lending Loan Officers Design 433

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

NOVEMBER 7, 2023

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% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

Agents 450

Agents Sellers Buyers Finance 450

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. In the purchase market, there are a lot of times people want that more personal touch, you need to be developing relationships with Realtors, and that can be much more difficult to do at scale,” he said.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. trillion or $1.7

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

Housing Wire

NOVEMBER 2, 2023

MW: Non-QM provides a source of financing solutions that caters towards homeownership of a growing population of underserved borrowers in the United States. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. According to the U.S.

Investors 441

Investors Real Estate Lending Loan Officers 441

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgage 414

Mortgage Retail Lending Sellers 414

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 393

Mortgage Loan Officers Finance Investors 393

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. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. The company has licenses in 49 states, 387 branches and 491 active loan officers.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ With efficiency metrics and client outcomes like these it’s no surprise that the company continued to attract capital and investor interest. In 2016 LLR led a $26.5

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%

Real Estate Agent 457

Real Estate Agent Loan Officers Real Estate Agents 457

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Is it having a happy client who will be a great reference? Is it closing on time?

Real Estate Agent 407

Real Estate Agent Real Estate Project Management Agents 407

Listing Spark

FEBRUARY 16, 2023

They also talk about the different types of financing available and how to structure a successful real estate investment. She has been with the company for 12 years and enjoys helping her clients be successful. Stallion Funding has established relationships with builders, land developers, and investors in the Austin area.

Real Estate 36

Real Estate Investing Investors Lending 36

AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 393

Finance Construction Law Inventory 393

Housing Wire

JANUARY 12, 2021

This move comes after Cason spent 27 years at Fannie Mae, where he was instrumental in the design, development and launch of a digital suite of products and services, including playing a key role in the creation of Desktop Underwriter. So why change direction now? I felt like I probably did everything I needed to do with Fannie Mae.”.

Tools 429

Tools Loan Officers Lending Design 429

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Inside Mortgage Finance (IMF) data shows that First Republic held the jumbo crown in the first quarter of 2023, with $3.7 In the secondary market, Wall Street firms have shown more appetite for these mortgages. billion in non-agency jumbo mortgages.

Marketing 370

Marketing Retail Mortgage Investors 370

AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner.

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. Though not necessarily to buyers with financing.

Housing Market 433

Housing Market Marketing Brokerage Real Estate 433

Housing Wire

SEPTEMBER 14, 2023

Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said. Banks will always serve their best clients. They care about the basis point.

Investors 393

Investors Investing Mortgage Real Estate 393

Cleveland Appraisal Blog

MARCH 30, 2021

My advice to agents and sellers is to really analyze the properties that they are using to develop their asking price. However, they are stuck in the middle, trying to please their clients, and at the same time navigate multiple bids and everything that goes with that. Of course, most people don not read the appraisal report.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Assurance Financial

MARCH 18, 2021

At Assurance Financial, we have developed this guide to refinance tax implications to help you determine whether a mortgage refinance may be the right option for you. Though you can conduct business from other places, your home office may need to be the place where you work the most. Tax Deductions and Refinancing.

Property Taxes 85

Property Taxes Renovations Home Improvement Mortgage 85

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history. Custom home on 8.86

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

I’m always looking for something new ;> = How a Retrospective Appraisal Can Help In The Estate and Tax Planning Process By Tom Horne During the estate and tax planning process, one of the key concerns that clients often have is minimizing the tax burden on the heirs of an estate.

Appraisal 52

Appraisal Architecture Business Contracts 52

Clear Capital

SEPTEMBER 29, 2021

And so Ribbon offers a suite of tools and technologies for real estate agents to use with their clients, to help them manage and write offers in unique new ways. But we’re building a significant amount of trust, and there’s been a massive demand from our client base for protection. Jeff Allen. That’s very interesting.

Sellers 69

Sellers Agents Real Estate Buyers 69