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. It just has not gone well.”.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

JANUARY 26, 2022

Polly, a software-as-service mortgage-technology firm that operates a loan-trading platform , has raised $37 million through a new funding round, its third since launching in 2019 — bringing the total raised from investors to $57 million. Building the next generation of tech: Three ways to digitize home lending.

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Modernization Mortgage Lending Investors 343

Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. But the client gets to benefit from that.”

Loan Officers 387

Loan Officers Agents Retail Technology 387

Housing Wire

APRIL 30, 2021

New GSE guideline updates to Fannie Mae and Freddie Mac forces them to cap the amount of second home and investor properties delivered at 7%. That’s the view taken by Keith Lind, executive chairman and president of Acra Lending. This means a meaningful amount of supply will have to come to non-QM sector.

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Investors Investing Clients Retail 406

Housing Wire

AUGUST 1, 2023

To gain insight into how Rocket plans to strengthen its local presence to capture purchase volume, HousingWire spoke to more than a dozen former Rocket employees, current retail loan officers and mortgage brokers who have been contacted by Rocket recruiters to join its local initiative. So this isn’t brand new,” Kidwell noted.

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Loan Officers Retail Real Estate Agent Real Estate 365

Housing Wire

JULY 22, 2022

“Personal loans are a really smart way for customers to reduce the cost of high-interest credit card debt or to help finance unexpected purchases,” said Anand Cavale, executive vice president and head of unsecured lending product at Guaranteed Rate. ” The personal loans could also be a good source of leads for mortgages down the road.

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Mortgage Lending Finance Retail 385

Housing Wire

AUGUST 1, 2023

Their collective expertise spans the entire spectrum of the sector, encompassing areas such as lending, tech, real estate, appraisal, compliance, operations, sales and so much more. The following list of honorees comprises many more examples of exceptional leadership from some of the industry’s most accomplished women.

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Real Estate Realty Lending Mortgage 370

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. We need to have footprint outside of [California].

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Marketing Retail Lending Mortgage 359

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. 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. Investors were nonplussed. How could they resist?

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Mortgage Retail Finance Investors 378

Housing Wire

DECEMBER 2, 2020

Finance of America , which operates through retail, wholesale and correspondent channels, reported $242 million in income during the third quarter, a 66% increase from the second quarter. billion of it coming through its forward-lending arm. The company funded $9.17 billion in the third quarter, with about $8.5 Presented by: WFG.

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Finance Lending Retail Business 222

Housing Wire

MARCH 15, 2023

Meanwhile, mortgage lenders are still trying to calm down their investors and business partners. retail residential mortgage applications. Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. The recent crisis impacted homebuyers in different ways. ”

Mortgage 366

Mortgage Clients Retail Marketing 366

Housing Wire

SEPTEMBER 22, 2022

Business is at a “dead stop,” said a retail loan officer in Michigan. LOs interviewed by HousingWire said that most of their past clients don’t have a reason to sell their houses and that prospective buyers are waiting on the sidelines unless life happens — job relocations, marriage, divorce, pregnancy and death.

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Mortgage Loan Officers Inventory Retail 382

Housing Wire

NOVEMBER 10, 2020

Liquidity had dried up and bond investors were running for the hills. “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. ” “I lost $6 million in April,” the broker added. So you stop.”.

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Business Mortgage Investors Loan Officers 427

Housing Wire

AUGUST 19, 2021

“In the second quarter we continued to expand our customer base and grow within existing customers, closed a large acquisition that will accelerate the advancement of our platform, and executed a successful IPO with strong investor interest and support,” Ghamsari said in a statement. It also said it now has deals with 32 of the top 100 U.S.

Insurance 364

Insurance Retail Clients Technology 364

Housing Wire

OCTOBER 9, 2020

It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.” “As an investor, you’re looking at all this trying to figure it out,” he said.

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

JUNE 28, 2022

They also realize that if they don’t provide this experience, larger national retail lenders will. In addition to the momentum and the economics, digital lending just makes sense. As for investors, the GSEs were pretty much the only ones accepting eNotes. Some clients want to do all of these things and want them done yesterday.

Mortgage 387

Mortgage Training Business Transportation 387

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

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Lending Real Estate Agent Loan Officers Retail 385

AmeriMac

NOVEMBER 30, 2023

It plays a significant role in several aspects, from buying and selling to lending purposes. Commercial appraisals are relied upon by property owners, buyers, sellers, investors, and lenders to make informed decisions. Retail Centers Retail centers play a significant role in commercial property appraisals.

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Appraisal Real Estate Appraisal Process Inspection 36

Housing Wire

AUGUST 23, 2023

What is the share of clients getting a mortgage commitment letter within 24 hours? Publicly, we’ve gone from over 11,000 people to about 1,000 people. Along that journey, we have become much more efficient. Nunes: Better rolled out the “ One Day Mortgage ” in January. What are the challenges for the product?

Realtors 366

Realtors Technology Insurance Mortgage 366

Housing Wire

AUGUST 9, 2023

First Republic’s ascendency in the jumbo market also reflects Wells Fargo’s decision to reposition itself, exiting the correspondent channel and focusing on minority homebuyers through its retail operation. We took those same investors that are our partners, and we just aligned specific products to them.” Bank originated $2.7

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Marketing Retail Mortgage Investors 338

Housing Wire

APRIL 20, 2022

eVaults also support an enhanced customer experience for borrowers and streamline interactions with other participants — warehouse lenders, investors, servicers, etc. eNotes and eVaults deliver operational and cost efficiencies for originators, warehouse lenders, investors, custodians and trustees. within the mortgage ecosystem.

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Lending Investors Technology Business 323

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Investors can place their confidence in a licensed commercial real estate appraiser, especially one who is reputable and familiar with the local market.

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Real Estate Appraisal Property Appraisal Valuation 60

Housing Wire

FEBRUARY 29, 2024

Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. Fair lending concern To start, here’s how pricing exceptions work.

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Loan Officers Mortgage Lending Real Estate Agent 398

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

JANUARY 28, 2021

Separate to the Homepoint IPO, Home Point Capital raised $500 million in a debt offering earlier this month, returning half of the proceeds to original investors and shareholders affiliated with its private equity backers. billion in 2018 and at one point had a retail operation. .” The offering is expected to close on Feb.

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Retail Lending Valuation Mortgage 532

Appraisal Today

APRIL 14, 2023

The terms “entrepreneurial incentive” and “entrepreneurial profit” are typically discussed in terms of investment property, but the principles involved can also be applied to the many fixer-uppers—whether the buyer is a “purely investor type” or an “owner occupied investor type.” percent from 5.61 percent, with points decreasing to 0.9

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Housing Wire

AUGUST 8, 2023

In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. These big banks attract customers by offering low rates on home loans; then, they try to sell those clients credit cards, insurance and other products and services.

Insurance 346

Insurance Mortgage Clients Lending 346

Appraisal Today

DECEMBER 8, 2023

The last unit they bought was in mid-2022 as far as I can tell… To read more, plus the 45+ appraiser comments, Click Here Investor Home Purchases Are Down Over 40% in Sun Belt Pandemic. Investor purchases of U.S. ”… Question 2: does the lending industry owe the appraiser a living? homes dropped 29.7% percent from 6.59

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Appraisal Real Estate Contracts Design 69

Housing Wire

SEPTEMBER 1, 2021

President of Residential Servicing and Correspondent Lending. AVP Retail Closing. SVP of Retail. Aslan Home Lending. EVP, Client Delivery. Director of Client Success Group. VP, Investor Relations. Planet Home Lending. Chris Favilla. Head of Operations. Howard Hanna. David Sheeler. LoanLogics.

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Technology Human Resources Finance Retail 328

Housing Wire

NOVEMBER 16, 2022

Within the past week, one of the nation’s largest retail mortgage lenders, Charlotte-based Movement Mortgage , announced the acquisition of Mortgage Network, a deal that would add $2 billion in annual loan volume, 250 mortgage professionals and 31 branch offices to its network.

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Buyers Mortgage Sellers Investing 406

Housing Wire

SEPTEMBER 30, 2020

million borrowers, thousands of investors and more than 100 subservicing clients. On the originations side, we’ve built a scalable, multi-channel lending platform that has grown volume by 16X in just the past year. This will obviously be attractive as investors and MSR holders cope with the aftermath of the pandemic.

Mortgage 367

Mortgage Investors Business Human Resources 367

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s

Investing 406

Investing Loan Officers Retail Mortgage 406

Appraisal Today

MARCH 31, 2023

Fannie sells their loans to investors. But how do you contact potential clients and referral sources? Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party. You already know.Clear the Tracks!

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Appraisal Contracts Inspection Clients 52

Appraisal Today

AUGUST 5, 2022

I always recommend VA as the best lender client for appraisers. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020.

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Appraisal Valuation Contracts Modernization 59

Cleveland Appraisal Blog

MARCH 18, 2021

As a teenager, my friends would describe to me experiences they had in retail stores, in which they were watched uncomfortably closely by store clerks. The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. We’ve all heard of predatory lending. Namely, the truth!

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Appraisal Investors Buyers Market Value 195

Simonson Real Estate

APRIL 26, 2021

For example, when a build-to-suit Dollar General store in small-town Minnesota is the subject of a valuation assignment, it is evident an overview of the National Net Lease markets is applicable as the buyer pool includes regional and national investors. What are dynamics of a net lease investment property? billion from $27.75

Marketing 78

Marketing Tenants Real Estate Valuation 78

Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. Managing Investments: For investors who own multiple properties, desktop appraisals provide rapid updates on property values. Thanks to Tom for writing this blog post.

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Appraisal Construction Contracts Architecture 80