Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officers 393

Loan Officers Mortgage Inventory Clients 393

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. Through this strategic investment, clients of FinLocker will have the benefit of Radian’s integrated Homogeneous’ suite of technology around real estate search. Terms of the deal were not disclosed.

Investing 422

Investing Loan Officers Technology Inventory 422

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said.

Marketing 349

Marketing Mortgage Inventory Loan Officers 349

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

Loan Officers 387

Loan Officers Agents Retail Technology 387

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term. months less than what it was in 2019.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.”

Marketing 366

Marketing Inventory Loan Officers Buyers 366

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. Mark Glebman, Caliber Home Loans. Housing prices started to inch down in July, but were still 14.5%

Mortgage 381

Mortgage Loan Officers Inventory Retail 381

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market 414

Housing Market Marketing Loan Officers Mortgage 414

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.

Clients 391

Clients Agents Buyers Sellers 391

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% But this is no normal market. The problem, of course, is inventory. National inventory of active listings declined by 18.9% National inventory of active listings declined by 18.9%

Supply Chain 506

Supply Chain Mortgage Inventory Loan Officers 506

Housing Wire

MAY 20, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Bluffton, South Carolina. Greenwich, Connecticut.

Housing Market 392

Housing Market Marketing Real Estate Agent Real Estate 392

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Tight inventory and soaring home prices have pushed more homebuyers to more affordable areas in California. The result?

Insurance 365

Insurance Housing Market Marketing Supply Chain 365

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. trillion or $1.7

Loan Officers 393

Loan Officers Investors Mortgage Clients 393

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 3, 2021

This week’s HW+ member spotlight features Reina Ramos, senior vice president, mortgage market leader at City National Bank of Florida. Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. The rental pool is also escalating in costs.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

Housing Market 434

Housing Market Marketing Insurance Mortgage 434

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way. Presented by: Rocket Pro TPO.

Marketing 488

Marketing Sellers Finance Loan Officers 488

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 390

Buyers Agents Loan Officers Real Estate 390

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Wax said about 50 to 60% of his clients are first-time homebuyers. It’s starting to even out.

Loan Officers 379

Loan Officers Inventory Real Estate Agent Buyers 379

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

Housing Market 437

Housing Market Marketing Buyers Investors 437

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 355

Housing Market Marketing Agents Real Estate 355

Housing Wire

JULY 25, 2022

Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Rapid City, South Dakota. Rapid City, South Dakota.

Housing Market 350

Housing Market Marketing Real Estate Real Estate Agent 350

Housing Wire

SEPTEMBER 19, 2022

Reaching homebuyers in a purchase market. Total Expert ‘s Dan Catinella, Experience.com ‘s Kristin Messerli, Nationwide Mortgage Bankers ‘ Jodi Hall and Movement Mortgage ‘s Montell Watson will guide attendees through the shifting market. Housing market super session. HousingWire Annual.

Real Estate Agent 362

Real Estate Agent Real Estate Agents Loan Officers 362

Housing Wire

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

Marketing 351

Marketing Lending Loan Officers Training 351

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. ” The Fed’s short-term rate does not directly impact long-term mortgage rates but it does steer market activity to create higher rates and reduce demand. About 9.1%

Mortgage 412

Mortgage Loan Officers Buyers Inventory 412

Housing Wire

JANUARY 9, 2024

The feedback (from the Fee Freedom initiative) has been incredible from brokers because it helped them to be able to save money on a monthly basis, spend on marketing, spend on tools and things that can help them grow their business,” Fawaz said in an interview with HousingWire on Tuesday.

Loan Officers 277

Loan Officers Real Estate Agent Tools Business 277

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Market research backs that up. We haven’t seen a market like the one we’re entering in more than a decade.

Lending 331

Lending Marketing Technology Contracts 331

Housing Wire

APRIL 16, 2024

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. It’s because of the hard work of all the professionals in this space working very hard to help their clients.”

Retail 342

Retail Mortgage Business Loan Officers 342

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. CMS is going heavy on a rarely used mortgage product to solve this market problem. Tozer suggested “a fee of 1.3%

Mortgage 379

Mortgage Loan Officers Government Buyers 379

Housing Wire

AUGUST 3, 2023

Rocket Companies , the parent of Rocket Mortgage , returned to profitability in the second quarter of 2023 driven by an increase in the purchase mortgage market share and expense cuts in business lines that aren’t profitable. The challenge comes back to the inventory levels,” Brian Brown, CFO said in the earnings call.

Clients 339

Clients Business Inventory Mortgage 339

Housing Wire

APRIL 20, 2021

More recently, the buzz surrounds bidding wars due to extremely low inventory, purchase over refinance and the fluctuation of mortgage rates. Like many, I’m not saying this is the end of digital marketing as we know it. Loan officers stay competitive by taking advantage of Unify’s Mortgage Inquiry Alerts.

Real Estate 404

Real Estate Mortgage Loan Officers Advertising 404

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 393

Business Loan Officers Clients Inventory 393

Housing Wire

SEPTEMBER 2, 2021

The mortgage industry is still seeing record-breaking numbers, but those numbers have started to wane and lenders looking to succeed in a slow market need to begin preparations today. Recent trends indicate that the mortgage market is beginning to see the end of the refinance boom and enter a purchase heavy market.

Technology 420

Technology Loan Officers Mortgage Investing 420

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 358

Loan Officers Insurance Mortgage Real Estate Agent 358

Housing Wire

MARCH 2, 2023

But recent consumer price reports and a strengthening jobs market have led to a boomerang effect on mortgage rates, said Sam Khater, Freddie Mac’s chief economist. Lower mortgage rates back in January brought buyers back into the market. There are two reasons for this price stability—record low inventory and record high equity.

Mortgage 433

Mortgage Buyers Loan Officers Marketing 433

Housing Wire

JULY 16, 2021

By both companies’ admission, a major key to Success’s success will be hiring loan officers. Many LOs still have a relatively full pipeline thanks to lower-than-expected mortgage rates and slowly climbing housing inventory – it will be a challenge convincing them to leave their current shops. The company now has a $4.2

Mortgage 399

Mortgage Lending Brokerage Agents 399

Housing Wire

DECEMBER 10, 2021

Josh Mettle: (1) Housing will continue to appreciate (albeit at a slower pace) until the supply of housing reaches balanced inventory levels. 3) Inflation and higher interest rates will likely lead us into the next recession, which contrary to popular belief, can be positive for the housing market due to lower interest rates.

Loan Officers 366

Loan Officers Housing Market Mortgage Tools 366