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USAA Federal Savings Bank cuts 130 positions in real estate lendingĀ 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. In August, the bank issued pink slips to an undisclosed number of employees in human resources, client advising, information technology, according to the outlet.

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WFG reduces time and cost in real estate transactions

Housing Wire

By focusing on its clients and their processes, WFG helps compress the time required to close a loan and/or transfer real property ownership. WFG develops solutions in direct response to industry concerns solicited through regular engagement with its Executive Roundtable (ERT) of C-suite lending executives.

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How Blend plans to survive a shrinking mortgage marketĀ 

Housing Wire

The Nima Ghamsari-led fintech is doubling down on its long-term strategy to offer a complete digital origination journey for clients. ” Blend is reducing general and administrative expenses in human resources, finance, and legal, but decided not to cut costs related to engineering and product development.

Mortgage 373
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Introducing the 2021 HW Insiders

Housing Wire

President of Residential Servicing and Correspondent Lending. Aslan Home Lending. Director of Human Resources. EVP, Client Delivery. Director of Client Success Group. Planet Home Lending. Chris Favilla. Head of Operations. Executive Vice President of Administration. Howard Hanna. David Sheeler.

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As the market shifts to purchase, LOs get creative

Housing Wire

Some LOs are making inroads with potential clients through use of social media, leaning on their multilingual skills and doing old fashioned cold calling. Meanwhile, others worry that they will soon wash out of the industry. TikTok, Facebook and LinkedIn.

Marketing 387
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How one mortgage servicing company is prioritizing home retention during economic uncertainty

Housing Wire

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, weā€™ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. Weā€™re subservicing both performing and delinquent loans ā€” all private-labeled and customized to each client.

Mortgage 361
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Frank Martell talks loanDepotā€™s restructuring, path to profitability and M&AsĀ 

Housing Wire

” 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. We’re not chasing business that doesn’t make sense. Martell: We want our fair share. What happened?