Housing Wire

NOVEMBER 23, 2022

Borrowers who would benefit from a temporary rate buydown are those who are getting into the market and plan on hanging onto the property for two to three years before moving up to a different type of property, Trudy Kelly, a senior loan officer at Churchill Mortgage , said.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

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. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. “We

Finance 457

Finance Real Estate Agent Real Estate Insurance 457

Housing Wire

AUGUST 31, 2022

From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. That’s a savings of $40,000 over the life of the loan. Helping clients save big on mortgages isn’t the only reason lenders appreciate partnering with CreditXpert.

Mortgage 360

Mortgage Clients Loan Officers Finance 360

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

JUNE 30, 2021

At UWM we focus on our client service, operational efficiency and speed to close loans. With this unwavering focus, we help brokers close loans fast, get referrals and grow their business,” Chief Operating Officer Melinda Wilner said. Jason Bressler, Chief Technology Officer.

Tools 306

Tools Training Technology Clients 306

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. I think 99% of the loans that I was writing there were refinances. 375% below the market.”

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. The deal will provide $62.8 million to the class members, with the remainder going to plaintiffs attorneys.

Legal 466

Legal Law Open Houses Loan Officers 466

Housing Wire

OCTOBER 22, 2021

There are many more moving pieces and loan originators spend a great deal of time communicating with clients and their real estate agents. Rocket Pro TPO helps accelerate the entire mortgage process with underwriting speed and by offering brokers’ clients the information they need in a concise and clear format. .

Tools 382

Tools Clients Technology Real Estate Agent 382

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Learning to utilize that technology for a database that can be used to maintain constant contact with clients and retain business was crucial, Smallwood said. “We’re

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

NOVEMBER 2, 2023

Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM. Included in our education series is a course on how to source non-QM borrowers.

Investors 440

Investors Real Estate Lending Loan Officers 440

Housing Wire

JUNE 30, 2021

The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor. And while the home buying process can be stressful and time-consuming for the borrower and the loan officer, PCV Murcor prides itself on always keeping the borrower in mind.

Clients 384

Clients Valuation Real Estate Appraisal 384

Housing Wire

FEBRUARY 11, 2022

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. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

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. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.

Training 381

Training Loan Officers Lending Mortgage 381

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. There are thousands of loan officers out there.

Loan Officers 385

Loan Officers Business Clients Training 385

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. billion in the last 12 months.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JANUARY 14, 2022

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If If you’re willing to learn and you’re coachable and trainable, that works too.”.

Lending 386

Lending Loan Officers Real Estate Mortgage 386

Housing Wire

MARCH 4, 2021

The lesson is not that title and settlement firms bear the responsibility for keeping their mortgage lender clients compliant in the eyes of various enforcement and regulatory elements. Third, are there documented training and self-enforcement mechanisms in place? That includes several strategic aspects.

Lending 421

Lending Law Loan Officers Clients 421

Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. Who’s got time for that when the fish are jumping into the boat?

Training 386

Training Lending Loan Officers Technology 386

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Whatever their clients are asking for, they must try and accommodate them as quickly as possible. Yes, we offer training and webinars. Next, it’s up to us to make them comfortable with the idea of offering something new.

Marketing 365

Marketing Lending Loan Officers Training 365

Housing Wire

MARCH 11, 2022

To get a better idea about how big a role H4P will play in Fairway’s plans, RMD sat down with its National Reverse Mortgage Director Harlan Accola and its National Reverse Sales Training Specialist Dan Hultquist to learn more about H4P’s importance to Fairway’s future plans. Diagnosing low H4P uptake. of all endorsements in 2021.

Business 367

Business Real Estate Agent Real Estate Loan Officers 367

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. Time and training. ” Just a little less vanilla. It takes time.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

NOVEMBER 2, 2022

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 real estate agent or loan officer who can get an updated status on a pending file without having to play phone tag. And not all of them are technological.

Business 390

Business Technology Human Resources HOA 390

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 430

Lending Loan Officers Business Investors 430

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

Lending 369

Lending Law Legal Training 369

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. .” Fairway, which did about $3.5 Real estate agents and LOs: the great collaboration. “It’s not true.

Real Estate Agent 384

Real Estate Agent Retail Real Estate Design 384

Housing Wire

FEBRUARY 8, 2022

Manish Valecha, head of client solutions at Angel Oak Capital , part of Angel Oak Companies , said the non-QM market “as a percentage of the overall market is about 10% to 12% in a normalized environment” — adding that was the size of the non-QM market in the early 2000s, prior to the global financial crisis.

Marketing 369

Marketing Retail Lending Mortgage 369

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 459

Real Estate Agent Loan Officers Real Estate Agents 459

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 431

Business Mortgage Loan Officers Inventory 431

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

DECEMBER 20, 2022

I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. CK: Has there been layoffs at Loan Factory as well? Nguyen: I would say more than 100 layoffs at Loan Factory, and many of them also left voluntarily. We also help realtors follow up with their clients.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 424

Loan Officers Mortgage Lending Real Estate Agent 424

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. Receive basic training in contracts and how to price properties using comparative marketing analysis. Finding time for part-time real estate. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

McKissock

SEPTEMBER 28, 2021

“Phone calls usually are from another client and slow down the task I am trying to accomplish.” ” “Phone calls interrupt train of thought and emails aren’t any better. “Some clients are sending multiple emails daily on the same property with status update requests. Answering phone calls (28%).

Appraisal 85

Appraisal Property Appraisal Loan Officers Clients 85

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 396

Lending Real Estate Agent Loan Officers Retail 396

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. Readers are more likely to remember stories that evoke emotions.

Real Estate 402

Real Estate Agents Real Estate Agent Clients 402

Housing Wire

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Those include collaborative communications (Realtor to closing officer; loan officer to escrow assistant, etc.) for the exchange of information as well as simple, but common, client service communications.

Loan Officers 384

Loan Officers Agents Realtors Clients 384

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. New agents can also often deliver high quality, personalized service as a result of having fewer clients. What percentage of your clients are buyers? How many are sellers? Be sure to ask how many people the agent is working with.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69