Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name.

Retail 368

Retail Mortgage Loan Officers Marketing 368

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. Licensed in 23 states across the country, PrimeLending has 150 branches including satellite and primary retail locations. “We billion, a 54% decline from $3.76

Loan Officers 349

Loan Officers Marketing Retail Renovations 349

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal. Because it’s not true.”

Loan Officers 444

Loan Officers Clients Law Legal 444

Housing Wire

MARCH 7, 2024

The company also touted its dominance in Home Equity Conversion Mortgages (HECMs) and proprietary reverse mortgages, noting its 37% share of the total market while expressing a goal of doubling its monthly loan origination volume on a dollar amount basis in the months ahead. Performance of long-term assets has been positive, Engel said.

Marketing 345

Marketing Mortgage Modernization Retail 345

Housing Wire

OCTOBER 16, 2023

HousingWire recently spoke to Alex Elezaj, chief strategy officer at UWM , about the work independent mortgage brokers can do right now to prepare for when rates drop and how to go above and beyond for clients. HousingWire: Why should independent mortgage brokers embrace today’s market? AE: The reality is, nobody wants a mortgage.

Business 376

Business Real Estate Agent Marketing Clients 376

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.

Mortgage 320

Mortgage Loan Officers Retail Clients 320

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 12, 2022

The company has cut hundreds of jobs across layoffs in March , May , July and October , underscoring the immense challenges of the current mortgage market. Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. year over year.

Marketing 378

Marketing Lending Retail Clients 378

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. The deal also expands Planet’s footprint in the Midwest, Northwest and West Coast markets. We look to acquire right-sized, financially solid distributed retail companies.”

Retail 393

Retail Mortgage Lending Renovations 393

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 324

Marketing Retail Mortgage Investors 324

Housing Wire

JULY 1, 2022

Connecting with clients and consumers has never been an easy task, and today’s market has been no exception. Tasked with an endless list of functions, this year’s 2022 Marketing Leaders did it all despite market turmoil. VP, Marketing & Growth. Vice President, Marketing & Communications. Alan Parris.

Marketing 382

Marketing Realty Real Estate Lending 382

Housing Wire

JANUARY 4, 2023

After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire. We specialize in marketing for purchases.”.

Retail 470

Retail Mortgage Construction Loan Officers 470

Housing Wire

JUNE 5, 2023

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. HW: How is broker market share trending?

Mortgage 355

Mortgage Retail Lending Loan Officers 355

Housing Wire

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. mortgage lender and servicer, has shrunk amid a challenging mortgage market. Meanwhile, the retail channel was responsible for $1.3 Truist, a top U.S. year over year.

Business 339

Business Mortgage Retail Lending 339

Housing Wire

MARCH 23, 2021

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets.

Retail 470

Retail Mortgage Clients Lending 470

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023. .

Mortgage 382

Mortgage Retail Lending Sellers 382

Housing Wire

NOVEMBER 15, 2023

“We share a core value in that we are not afraid to roll up our sleeves to help our clients win. metro markets. Combining forces is going to be a win-win for all stakeholders.” According to Class, the two companies align on important issues, including culture, service, efficiency and technology development.

Valuation 367

Valuation Technology Clients Modernization 367

McKissock

SEPTEMBER 5, 2022

In recent years, the real estate industry has noticed some significant trends in the commercial and residential housing markets. For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. .

Retail 73

Retail Real Estate Investors Real Estate Agent 73

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. Rather, Rocket is simply focused on the purchase market now, just like most other lenders in this market. “I We have Rocket retail, and we compete,” Fawaz said.

Loan Officers 305

Loan Officers Mortgage Retail Real Estate Agent 305

Housing Wire

APRIL 2, 2024

Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market. Chicago, I think, is suffering more than most markets in the United States. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 361

Loan Officers Retail Finance Buyers 361

Housing Wire

MAY 17, 2023

Rocket Mortgage ‘s top executives believe the mortgage market is near the bottom, which means a recovery may be on the horizon soon. Flávia Furlan Nunes : Where is Rocket in its journey of becoming a fintech and reducing the cost to acquire a client? There are different client acquisition costs based on different products.

Marketing 319

Marketing Clients Mortgage Business 319

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. On the non-QM side, only 3% of the market has been penetrated. But we’re heading into different segments of the ocean.

Loan Officers 377

Loan Officers Agents Retail Technology 377

Housing Wire

FEBRUARY 16, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently.

Loan Officers 386

Loan Officers Retail Clients Real Estate Agent 386

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 350

Marketing Retail Lending Mortgage 350

Housing Wire

AUGUST 10, 2022

Amid a market downturn, the company has decided to focus on the retail lending business. “As As one of the few retail lenders that saw production grow from Q1 to Q2, we’ve decided to keep our focus on our greatest strength: retail lending,” David Robnett, chairman and CEO, wrote in a statement.

Retail 344

Retail Lending Mortgage Business 344

Housing Wire

JANUARY 18, 2024

Empower is the second largest LOS in the industry after Intercontinental Exchange ‘s (ICE’s) Encompass that takes up more than 40% of the market share. Read on to learn more about how Dark Matter Technologies’ plans increase market share and utilize AI in its LOS.

Technology 351

Technology Marketing Architecture Clients 351

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 359

Loan Officers Retail Real Estate Agent Real Estate 359

Housing Wire

MARCH 5, 2024

With their incredible resources, we’re now equipped to serve our clients and partners better than ever before,” Abraham said in a LinkedIn post on Tuesday. NewRez, which owns Caliber, recently instituted a large layoff of its top sales managers and changed loan officer compensation as part of a retail mortgage restructuring.

Loan Officers 367

Loan Officers Retail Lending Mortgage 367

Housing Wire

MARCH 12, 2024

With Blueprint Builder, triggers and business rules can be configured to align the borrower experience to operations processes (such as credit score-based rules), and to support multiple business units or channels, including retail, direct-to-consumer and wholesale.

Technology 357

Technology Retail Lending Design 357

Housing Wire

APRIL 8, 2021

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 351

Retail Lending Clients Finance 351

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. Seely’s attorneys did not immediately respond to requests for comments.

Retail 378

Retail Contracts Loan Officers Mortgage 378

Housing Wire

JUNE 8, 2021

EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. Regions, a retail lender with a footprint of over 1,300 physical offices, has dipped into specialty finance sectors before. . The post Regions Bank places $1B bet on home renovation market appeared first on HousingWire.

Renovations 344

Renovations Home Improvement Marketing Finance 344

Housing Wire

JANUARY 17, 2023

The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good. I think that brings enough people back into the market, [though] I do think there’s still a lot more demand than supply.”. Make a plan.

Loan Officers 354

Loan Officers Marketing Real Estate Agent Real Estate 354

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I It also underwrites conventional loans and works as a marketing tool for LOs.

Mortgage 374

Mortgage Loan Officers Retail Finance 374

Housing Wire

APRIL 15, 2024

It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. Schmidt describes driving into a small town like Poteau, Oklahoma , and speaking with a client in their home.

Mortgage 398

Mortgage Loan Officers Business Finance 398

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgage 346

Mortgage Clients Loan Officers Tools 346

Housing Wire

APRIL 7, 2023

Elon Musk recently took to Twitter in response to the Kobeissi Letter , a reputable authority on market commentary. While an influx of defaults could certainly harm banking institutions, this is the fear-mongering I advise my team and my clients to avoid. Let’s look at the retail industry, for instance.

Retail 352

Retail Real Estate Clients Modernization 352