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Retail losses lead February decline in reverse mortgage volume

Housing Wire

Reverse mortgage volume dropped in February compared to the month prior, and new data compiled by Reverse Market Insight (RMI) shows that the primary culprit for the month was retail reverse mortgage originations. The retail channel volume decrease of 15.7% effectively “masked” a gain of 3.9%

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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

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.

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The art of gift-giving in real estate: A personal touch

Housing Wire

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% Add the clients’ names and the date of their closing. Enhancing the entire client experience Real estate transactions can be stressful, and clients often remember the exceptional service and personal touches that set their agent apart.

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Financial wellness resources offered to NAR members through partnership with Morgan Stanley

Housing Wire

million members of the National Association of Realtors (NAR) , through a partnership with Morgan Stanley. According to NAR, this guidance will be uniquely designed to fit the needs of individual Realtors. ” Morgan Stanley perks for Realtors include a one-time financial consultation at $300 – a 70% discount from the retail rate.

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This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

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.” The lender has about 80 loan officers and aims to hire up to 100 in states. “In

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Lamacchia Realty Announces Top Producing REALTORS® for February 2024

Lamacchia Realty

has released its “Top Producing REALTORS®,” for February 2024! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! Lisa Gray is an experienced REALTOR® working out of the Salem, NH office and is licensed in MA, NH, and ME!

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

Housing Wire

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.