Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. Is an 8% mortgage rate going to slow down business for all loan officers?

Loan Officers 441

Loan Officers Mortgage Finance Buyers 441

Housing Wire

SEPTEMBER 15, 2020

In this low interest rate environment, lenders are staying busy with high volumes and new clients. Ernie Graham: Once you’ve closed a transaction, there’s this natural halo effect you have with the client that means that they think well of you – until they forget about you. EG: You create balance by focusing on quality.

Clients 441

Clients Loan Officers Advertising Business 441

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 429

Sellers Real Estate Agent Loan Officers Mortgage 429

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. “The Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 400

Loan Officers Retail Lending Mortgage 400

Housing Wire

APRIL 19, 2023

The inquiry to credit by a mortgage company is a trigger that notifies the credit bureau that the consumer is interested in applying for financing. Loan officers took to social media to support the “long overdue” legislative proposal. “I Trigger lead takes place when a consumer applies for a mortgage.

Loan Officers 441

Loan Officers Clients Mortgage Business 441

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. billion in 2023, per data from Inside Mortgage Finance. Newrez/Caliber ranked as the seventh largest lender in the country with an origination volume of $36.5

Real Estate Agent 414

Real Estate Agent Real Estate Agents Loan Officers 414

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 401

Loan Officers Tools Business Clients 401

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. Rocket didn’t respond to requests for comment.

Loan Officers 365

Loan Officers Mortgage Real Estate Agent Real Estate 365

Housing Wire

NOVEMBER 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

Agents 435

Agents Buyers Real Estate Agent Loan Officers 435

Appraisal Buzz

MAY 18, 2021

“Homebot empowers our clients to connect with Academy’s Loan Officers about their home financing needs so they can make smart, well-timed decisions about their options,” said Jason Klaskin, SVP of Sales Support at Academy Mortgage.

Clients 195

Clients Loan Officers Mortgage Finance 195

Housing Wire

MARCH 20, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers, compared to more than 4,000 at CCM. The recent team of hires reflects a variety of roles and meets the needs of our clients,” Boyd said. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgage 416

Mortgage Loan Officers Inventory Finance 416

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. First, he has his clients lender call the listing agent. From a lending perspective they are the easiest loan to work with,” Naumovych explained.

Clients 396

Clients Agents Buyers Sellers 396

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officers 364

Loan Officers Marketing Retail Renovations 364

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 366

Loan Officers Mortgage Technology Tools 366

Housing Wire

FEBRUARY 12, 2024

If you’re already a client at New American Funding, why not continue and let us help you implement what your retirement goals could be?” One such move is in collaboration with NAF’s forward mortgage division and educating more of these loan officers about reverse products.

Business 410

Business Loan Officers Clients Mortgage 410

Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

Loan Officers 410

Loan Officers Clients Design Insurance 410

Housing Wire

FEBRUARY 7, 2023

Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing and our team has always admired the company’s commitment to its employees and customers… Our combined strengths will drive further growth throughout the Southwest.” Terms of that deal were also not disclosed.

Retail 384

Retail Mortgage Loan Officers Technology 384

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 396

Buyers Agents Loan Officers Real Estate 396

Housing Wire

DECEMBER 9, 2020

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. “They are nearly impossible to finance, thus not worth my team’s time currently. But with origination volume expected to exceed $3.4

Loan Officers 508

Loan Officers Mortgage Finance Business 508

Housing Wire

MARCH 14, 2024

These include the integration of forward mortgage professionals into the reverse mortgage business, how the Home Equity Conversion Mortgage (HECM) limit for 2024 could end up impacting the industry, and the openness of both clients and referral partners to reverse mortgage conversations.

Mortgage 383

Mortgage Clients Loan Officers Tools 383

Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. Next, ask potential BBYS vendors how they collect, retain, and safeguard your clients’ data. That also means local agents can keep working with loan officers they know and trust.

Buyers 404

Buyers Loan Officers Real Estate Agent Agents 404

Housing Wire

AUGUST 7, 2023

Rocket has been on a local loan officer hiring spree, an initiative that the company has accelerated this year with refis drying up. While more than 80% of Rocket’s volume in 2020 and 2021 came from refinancings, the lender is making progress in its transition from refi to purchase, according to data from Inside Mortgage Finance (IMF).

Advertising 359

Advertising Clients Loan Officers Finance 359

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS.

Tenants 365

Tenants Loan Officers Finance Clients 365

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. Also in 2021, Rocket decided it needed to have some loan officers on the ground who are in close contact with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 368

Loan Officers Retail Real Estate Agent Real Estate 368

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 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 379

Mortgage Loan Officers Clients Housing Market 379

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday. UWM is the largest U.S.

Mortgage 325

Mortgage Legal Advertising Loan Officers 325

Housing Wire

APRIL 18, 2024

The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR). But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.”

Loan Officers 398

Loan Officers Tools Mortgage Government 398

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. “In

Mortgage 429

Mortgage Lending Loan Officers Design 429

Housing Wire

AUGUST 31, 2022

From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. For instance, an applicant with an initial credit score of 640 who is looking to finance $300,000 over 30 years would qualify for an interest rate of 6.13%, making monthly payments $1,823.

Mortgage 349

Mortgage Clients Loan Officers Finance 349

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. The transaction doubled Planet’s clients base in the correspondent space, with 60% of these clients delivering loans monthly to the lender, Dubeck said.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” These are the folks who are buying right now, and I you know because some of them are my clients.”

Mortgage 441

Mortgage Loan Officers Finance Buyers 441

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. About 50% of our clients are utilizing this program to achieve more affordable payments,” Bianchi said. So what is a 2/1 rate buydown? Read Nunes’ reporting here.

Loan Officers 441

Loan Officers Sellers Clients Buyers 441

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He has been focused on getting referrals from prior clients and online. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. And, clients will be happier with the experience.

Real Estate 400

Real Estate Real Estate Agent Loan Officers Agents 400

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

Loan Officers 363

Loan Officers Insurance Mortgage Real Estate Agent 363