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Why non-QM lending is not going away

Housing Wire

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 373
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

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.

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Buydowns become key for buyers to beat the market

Housing Wire

Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As ” Trudy Kelly, senior loan officer at Churchill Mortgage.

Buyers 464
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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021.

Marketing 393
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Opinion: Title firms can win more business by turning workflow weaknesses into strengths

Housing Wire

The industry has evolved in the way it hires, trains and deploys its human resources. A title agency’s average time to close is never lost on its clients. A REALTOR who no longer has to wait for the mail to receive her commission. And not all of them are technological. All while experiencing reduced costs and expanded margins.

Business 380
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The ‘double-edged sword’ of dual licensing

Housing Wire

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%

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Excelerate Capital is accelerating its growth in the non-QM market 

Housing Wire

They’ll be based at brick-and-mortar branches and going out into their communities and building customers for Realtors and affinity partners.”. If you look at it from an origination standpoint, think about all the loan officers that were able to just refi their current pipeline, with interest rates at 3% [or lower],” Yoon explained. “It

Marketing 367