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 added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

Loan Officers 358

Loan Officers Mortgage Real Estate Agent Real Estate 358

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 394

Clients Agents Buyers Sellers 394

Housing Wire

JANUARY 17, 2024

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. This is a huge boon for the program as seller concessions have not been allowed within the FHA-insured program since its inception.

Finance 448

Finance Real Estate Agent Real Estate Insurance 448

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

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 417

Mortgage Lending Loan Officers Design 417

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.

Loan Officers 354

Loan Officers Insurance Mortgage Real Estate Agent 354

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. mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said.

Housing Market 440

Housing Market Marketing Insurance Mortgage 440

Housing Wire

NOVEMBER 1, 2021

” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. While some have highly specialized mortgage operations, most have disparate partners and technology vendors that handle home loans for them, the lender said.

Mortgage 393

Mortgage Loan Officers Lending Technology 393

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. The company’s average mortgage loan was about $1.45

Mortgage 351

Mortgage Loan Officers Insurance Business 351

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 304

Real Estate Agent Real Estate Agents Loan Officers 304

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Valuation 313

Valuation Real Estate Agent Real Estate Clients 313

Housing Wire

OCTOBER 27, 2020

HousingWire recently spoke with Susan Falsetti, managing director of Origination Title and Close at ServiceLink, about the state of title in 2020 and how the EXOS technology platform allowed ServiceLink clients to take advantage of virtual closing solutions. This year, our teams have helped our clients keep pace with record volume.

Clients 360

Clients Technology Insurance Loan Officers 360

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. billion in the last 12 months.

Mortgage 368

Mortgage Loan Officers Lending Business 368

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 456

Agents Sellers Buyers Finance 456

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. . “I had one client in St. .” Real estate agents and LOs: the great collaboration.

Buyers 461

Buyers Real Estate Agent Real Estate Brokerage 461

Housing Wire

MARCH 4, 2021

They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more. At the lending level, a loan officer or branch that commits fair lending violations isn’t only breaking the law. That includes several strategic aspects.

Lending 419

Lending Law Loan Officers Clients 419

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The use of tech in the current mortgage application process is disjointed and siloed.

Lending 198

Lending Real Estate Agent Loan Officers Architecture 198

PennyMac

MARCH 4, 2024

Mortgage brokers work independently with a variety of loan originators, including direct lenders, to help clients find a mortgage that fits their needs. Which type of mortgage lender you choose depends on your personal preference, the type of loan you’re looking for and your financial situation. Mortgage brokers.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

FEBRUARY 3, 2023

The bank has 197 active loan officers and 12 branches across the country. The firm said it often finds positions elsewhere at USAA for those affected and encourages the impacted employees to apply for roles within its bank, property and casualty insurance group, and life insurance company. While refis consisted of 56.7%

Real Estate 71

Real Estate Lending Human Resources Insurance 71

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 435

Real Estate Agent Loan Officers Real Estate Agents 435

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. ” Just a little less vanilla. Despite its diversification, Rocket, for now, is largely a mortgage company.

Mortgage 396

Mortgage Loan Officers Finance Investors 396

Housing Wire

MARCH 27, 2023

The North Carolina-based First Citizens announced on Monday an agreement with the Federal Deposit Insurance Corporation (FDIC) to acquire all of SVB’s deposits and loans that were moved to an FDIC-created bridge bank after the collapse. “We the chief executive of First Citizens, said in a statement.

Insurance 77

Insurance Loan Officers Mortgage Clients 77

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. Cohn said she has three or four loans with clients who haven’t locked rates yet. “I More layoffs to come.

Mortgage 384

Mortgage Investors Clients Marketing 384

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 426

Business Mortgage Loan Officers Inventory 426

Housing Wire

FEBRUARY 3, 2022

Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 379

Mortgage Retail Finance Investors 379

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Assuming you can get a loan instantly Many borrowers assume that in today’s instant-gratification culture, they can get a mortgage in days or even minutes. . ” 9. .”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Assurance Financial

MARCH 2, 2022

The greatest success story I have is winning over the ‘never-adopters’ of the industry, comprised of mostly the loan officers. After a few months, however, these capabilities made the loan officers the heroes. Written by Adam Jeffs for processexcellencenetwork.com | 2/28/22.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 364

Training Loan Officers Lending Mortgage 364

Genworth MI Blog

AUGUST 31, 2022

From a mortgage insurance perspective, appraisal reviewers are trying to find out not what is wrong but what is right and want to work alongside the appraisers and underwriters to do so. All of these pieces of the appraisal process work together to ensure the lender-client is making a prudent business decision in regard to collateral.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Real Estate 370

Real Estate Loan Officers Development Realtors 370

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Birmingham Appraisal

SEPTEMBER 15, 2022

Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. In an ideal world, both agents fight for the interest of their client (whether the buyer or the seller) and this results in a market value sale.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Housing Wire

MARCH 11, 2024

The addition of automation made credit optimization more accessible to mortgage loan officers who could simply set a target score and allow our predictive analytics engine to run hundreds of simulations in just seconds to arrive at a detailed plan.

Buyers 405

Buyers Tools Mortgage Lending 405

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. When banks do jumbo loans, they want to have money from the client in the bank.

Insurance 344

Insurance Mortgage Clients Lending 344