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 403

Loan Officers Investors Mortgage Clients 403

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 441

Loan Officers Tools Business Clients 441

Housing Wire

MARCH 4, 2024

The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need. Mortgage professionals will be provided with up-to-date investor and lender guidelines and timely notifications whenever changes happen.

Loan Officers 430

Loan Officers Tools Design Technology 430

Housing Wire

OCTOBER 21, 2024

HW: Non-QM customers often include self-employed individuals, investors, and foreign nationals. million loan for a borrower in Colorado who had sold his business for $8 million. RB: One of my most successful loan officers opened checking accounts at three different regional banks just to get in front of their loan officers.

Lending 417

Lending Loan Officers Tools Mortgage 417

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success.

Loan Officers 441

Loan Officers Technology Tools Investors 441

Housing Wire

SEPTEMBER 11, 2023

Target buyers for Cliffco include non-traditional buyers seeking investor loans. The lender has about 80 loan officers and aims to hire up to 100 in states. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals.

Loan Officers 403

Loan Officers Agents Retail Technology 403

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

Loan Officers 370

Loan Officers Retail Brokerage Lending 370

Appraisal Buzz

JULY 25, 2024

Atlantic Coast Mortgage is using Nextwave CRM by CRMnow as its enterprise CRM platform for loan officers across all 30 states where it operates. Known for its customer-centric approach, ACM offers a wide array of mortgage options, including conventional loans, FHA, VA, USDA loans, and specialized loan products.

Mortgage 195

Mortgage Loan Officers Clients Technology 195

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022?

Lending 388

Lending Loan Officers Training Investors 388

Appraisal Buzz

JUNE 20, 2024

Reber’s Jacksonville team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters, and Loan Officer Assistants Nicole Crabtree and Priscilla DeMasi. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams. “Our

Lending 394

Lending Loan Officers Retail Finance 394

Housing Wire

OCTOBER 23, 2024

Alex Elezaj, UWM’s chief strategy officer, said that “there’s no MI on it,” which means the lender is not subsidizing the mortgage insurance. Despite eliminating MI, the company has set credit scores and DTI limits that its investor partners are comfortable with to balance risk while expanding the product’s appeal.

Insurance 430

Insurance Mortgage Investors Renovations 430

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. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 388

Mortgage Loan Officers Inventory Retail 388

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 388

Mortgage Loan Officers Clients Housing Market 388

Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. .

Insurance 370

Insurance Mortgage Investors Tools 370

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. with 85% owned by individual investors and LLCs based on 2021 U.S. The reasons for the success of non-QM lies partly in the composition of borrowers.

Investors 460

Investors Real Estate Lending Loan Officers 460

Appraisal Buzz

MAY 10, 2024

The Base Rate Generator has helped us to put out a better rate sheet to our loan officers and third parties,” says Brian Gilpin, chief financial officer and head of capital markets at Embrace Home Loans, in a release. “It

Loan Officers 195

Loan Officers Investors Clients Development 195

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 370

Mortgage Retail Loan Officers Lending 370

Appraisal Buzz

JUNE 20, 2024

As a home loan originator, his focus on the 904 area code has resulted in thousands of families achieving their dream of homeownership. Reber will be based in Jacksonville and his team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters; and Loan Officer Assistants Nicole Crabtree and Priscilla DeMasi. “I

Lending 195

Lending Loan Officers Retail Inventory 195

Housing Wire

JANUARY 19, 2023

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. The Smart Rate website mentions that the mortgage lender offers purchase and refinancings, jumbo, FHA, adjustable, bank statement and investors loans.

Mortgage 403

Mortgage Investors Legal Loan Officers 403

Housing Wire

MAY 19, 2022

Another panel participant, Shelly Griffin, senior vice president of client development at non-QM lender Deephaven Mortgage , added, “When I’m talking with loan officers, I get asked about ARMs a lot. There’s a lot of different reasons why someone falls outside the agency loans.

Loan Officers 460

Loan Officers Lending Mortgage Housing Market 460

Housing Wire

NOVEMBER 2, 2020

With highly advanced software solutions for originations, servicing and secondary marketing, Black Knight helps its clients drive financial growth, improve customer retention, increase operational efficiency and reduce risk. Added Value to Clients. Business Lines, Services and Products. Originations.

Lending 417

Lending Valuation Clients Tools 417

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loan Officers 468

Loan Officers Mortgage Retail Business 468

Housing Wire

MARCH 31, 2022

Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products.

Marketing 403

Marketing Investors Technology Loan Officers 403

Housing Wire

MARCH 25, 2021

Other investors included Rotor Capital , The Mortgage Collaborative Emerging Technology Fund , Prudence Holdings and existing investors including Anthemis Group , Route 66 Ventures , and Sovereign’s Capital. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending. mortgage market.

Mortgage 430

Mortgage Lending Technology Loan Officers 430

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” Tozer suggested “a fee of 1.3%

Mortgage 388

Mortgage Loan Officers Government Buyers 388

Housing Wire

MAY 29, 2024

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. He wants to know whether the potential borrower has acquired a buy now, pay later (BNPL) loan.

Mortgage 451

Mortgage Clients Sellers Loan Officers 451

Housing Wire

APRIL 17, 2023

Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly and in the most cost-efficient manner possible. Treating our people right.

Loan Officers 387

Loan Officers Investors Valuation Real Estate 387

Housing Wire

APRIL 25, 2023

Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” Hemanthkumar Jambulingam , director of fintech product management at Tavant, said.

Lending 387

Lending Loan Officers Mortgage Investors 387

Housing Wire

MARCH 1, 2021

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. Above all, Lind stressed the flexibility that non-QM offers for clients in unique or underserved situations.

Lending 403

Lending Clients Investors Loan Officers 403

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The company has 1,810 loan officers and 482 branches, Modex data shows. . In total, the company has 15 clients. ” . .

Loan Officers 388

Loan Officers Retail Business Mortgage 388

Housing Wire

FEBRUARY 9, 2021

Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards. Our focus has always been on relationships, customer service and delivering an outstanding client experience. HW: How does vertical integration benefit a loan officer? We make loans that make sense.

Lending 429

Lending Loan Officers Business Investors 429

Housing Wire

JUNE 16, 2022

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. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 430

Housing Market Marketing Loan Officers Mortgage 430

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. billion of unutilized loan funding capacity as of Dec. The closer, the better. in consumer direct and 2.3%

Mortgage 525

Mortgage Marketing Retail Lending 525

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well. “We

Technology 403

Technology Clients Investing Business 403

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 Financial advisors?

Business 417

Business Loan Officers Clients Inventory 417

Housing Wire

MARCH 2, 2023

Investors are expecting inflation to remain elevated for longer, requiring the Federal Reserve to keep increasing its policy rate. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I Applications have definitely slowed down in the last few weeks.

Mortgage 451

Mortgage Buyers Loan Officers Marketing 451