Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. They are specialists when it comes to buying and servicing government loans. Their overarching goal is to help grow happiness — for customers, for clients and for their staff.

Lending 421

Lending Loan Officers Business Investors 421

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 367

Tenants Loan Officers Finance Clients 367

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 381

Mortgage Loan Officers Government Buyers 381

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 366

Mortgage Retail Loan Officers Lending 366

Housing Wire

APRIL 18, 2024

Return to a ‘task force’ The original task force was co-founded in 2012 by Giordano and Security One Lending ’s Torrey Larsen. 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.” We’ve got all the ammunition. The data is there.”

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Loan Officers Tools Mortgage Government 396

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

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. “The area of focus for us right now is hiring LOs,” Lind said.

Lending 369

Lending Loan Officers Real Estate Mortgage 369

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 27, 2023

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. Take Planet Home Lending as an example. By the same measure, Guild had just 1.1%

Mortgage 406

Mortgage Retail Lending Sellers 406

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. UWM also is pressuring competitors via prices.

Mortgage 351

Mortgage Real Estate Agent Real Estate Clients 351

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. She will remain head of home lending while the company searches for her successor. .

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

Lending 367

Lending Law Legal Training 367

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 367

Mortgage Loan Officers Retail Training 367

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. These clients are typically low on funds, which is why they need this type of financing. Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It

Agents 449

Agents Sellers Buyers Finance 449

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

Housing Market 439

Housing Market Marketing Insurance Mortgage 439

Housing Wire

MARCH 16, 2022

Rick Hill, vice president of industry technology at the Mortgage Bankers Association , said that lending is a critical component of the nation’s infrastructure, which is one reason it is more susceptible to being attacked. “We government.”. Escalating tension between the U.S.

Mortgage 381

Mortgage Marketing Lending Loan Officers 381

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. It was kind of a no brainer, just low-hanging fruit.

Marketing 367

Marketing Retail Lending Mortgage 367

Housing Wire

NOVEMBER 10, 2020

At that point, Dodson was actively working on a jumbo loan for friends of his from church. “I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. And non-QM loans in my experience are harder.”.

Business 424

Business Mortgage Investors Loan Officers 424

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 366

Real Estate Brokerage Real Estate Agent Technology 366

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

Marketing 369

Marketing Investors Technology Loan Officers 369

PennyMac

MARCH 4, 2024

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. Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. Mortgage brokers.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. But not every LO will find a new workplace.

Mortgage 390

Mortgage Loan Officers Retail Finance 390

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. If any issues or discrepancies are identified, the AMC works with the appraiser to address and resolve them before delivering the final report to the lender or client.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. In 2009, Freddie Mac and Fannie Mae, government housing lending institutions, the Federal Housing Finance Agency (FHFA) and the New York Attorney General got together to create the Home Valuation Code of Conduct (HVCC).

Appraisal 36

Appraisal Valuation Law Lending 36

Housing Wire

JANUARY 12, 2021

Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker , a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason. I felt like I probably did everything I needed to do with Fannie Mae.”.

Tools 348

Tools Loan Officers Lending Design 348

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

OCTOBER 23, 2023

” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. Our percentage of government conforming has increased, which is good. Martell: We want our fair share.

Technology 412

Technology Loan Officers Retail Marketing 412

Housing Wire

AUGUST 8, 2023

So, we’re going after more government and conventional loans,” Busch said. Busch’s experience illustrates how painful the jumbo loans downturn has been for bankers. In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market.

Insurance 360

Insurance Mortgage Clients Lending 360

Housing Wire

JULY 19, 2023

The pace of M&A deals in the IMB market in 2022 and projected for 2023 combined is expected to be more than double the mark set during the unicorn lending years of 2020 and 2021, according to one recent industry analysis. The trajectory of merger and acquisition (M&A) deals bears that reality out.

Mortgage 370

Mortgage Marketing Buyers Lending 370

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” 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.

Investors 366

Investors Investing Mortgage Real Estate 366

Appraisal Today

SEPTEMBER 15, 2023

2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. No one is allowed to provide a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 83

Appraisal Real Estate Agent Contracts Real Estate 83

Assurance Financial

NOVEMBER 28, 2023

Interest Interest is the amount charged on the principal because the lender is loaning you the money. The purpose of interest is to reward the lender for taking the risk of lending to you. The government requires these taxes annually, but homeowners typically pay them in monthly installments as part of their mortgage payments.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

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. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

Appraisal 68

Appraisal Contracts Mortgage Marketing 68