Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

Loan Officers 397

Loan Officers Mortgage Inventory Clients 397

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. The importance for loan officers being able to have more exploratory conversations with every lead has become crucial as the cost to borrow mortgages aren’t expected to get lower any time soon with the Federal Reserve expected to keep interest rates higher for longer.

Loan Officers 410

Loan Officers Mortgage Buyers Finance 410

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 393

Loan Officers Clients Mortgage Construction 393

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 365

Loan Officers Mortgage Technology Tools 365

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 356

Loan Officers Mortgage Real Estate Agent Business 356

Riverfront Appraisals

AUGUST 31, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals. The post The Loan Officer’s Guide to Appraisals Part 9: New Construction appeared first on Riverfront Appraisals.

Construction 115

Construction Appraisal Appraisal Process Loan Officers 115

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officers 179

Loan Officers Construction Finance Development 179

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 419

Retail Mortgage Loan Officers Construction 419

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. The larger national bank lenders confirmed they are still active in new construction lending and were able to successfully close several pre-construction loans that were in process when COVID-19 started.

Lending 148

Lending Construction Tenants Real Estate 148

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 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

AUGUST 28, 2023

Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 366

Mortgage Retail Loan Officers Construction 366

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment.

Mortgage 420

Mortgage Loan Officers Buyers Inventory 420

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Founded in 1914 in Linden, Texas, Texana Bank offers personal and business banking services through four full-service branches in East Texas, two branches in Arkansas, and several mortgage offices.

Human Resources 364

Human Resources Loan Officers Construction Mortgage 364

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

APRIL 28, 2022

Union Home Mortgage is laying off loan officers in junior and senior positions, according to former employees’ LinkedIn posts and interviews with HousingWire. It made way for the creation of 450 new jobs after the construction ended in summer 2021. At the time of the announcement, the lender had 1,300 employees.

Mortgage 340

Mortgage Loan Officers Retail Construction 340

Housing Wire

FEBRUARY 3, 2023

The program was launched “to take the guesswork out” for customers and curb concern about changes in the market affecting their ability to afford a home before construction is complete, Jim Colella , the national builder program manager of Guaranteed Rate, said. Guaranteed Rate originated $34.38 billion.

Loan Officers 360

Loan Officers Buyers Contracts Mortgage 360

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. “Most listings are dilapidated homes or new constructions,” he said. But don’t fool yourself — there are signs of volatility on the horizon.

Mortgage 354

Mortgage Marketing Loan Officers Contracts 354

Housing Wire

MARCH 24, 2023

ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. As for the “limitations,” it’s not always correct, and much data has not been updated after 2021. AI can be used to provide a more personalized experience for mortgage customers.

Loan Officers 479

Loan Officers Legal Development Marketing 479

Eyes on Housing

AUGUST 3, 2023

According to the Federal Reserve Board’s July 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the second quarter of 2023—banks reported that lending standards tightened for all residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 147

Lending Loan Officers Real Estate Construction 147

Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We I do a lot with new construction and homeowners’ insurance is cheaper on new builds because they are brand new,” said Sandy Williams, an eXp Realty agent in Sarasota.

Insurance 366

Insurance Housing Market Marketing Supply Chain 366

Housing Wire

NOVEMBER 7, 2023

Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. Be a matchmaker. You must be more proactive than your buyer is in the property search.

Clients 411

Clients Buyers Real Estate Agent Real Estate 411

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. Let’s start with the good news.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

Housing Wire

FEBRUARY 15, 2023

In addition to roles as branch manager and regional manager at different lenders, Sheppard has climbed through the ranks as a loan officer at APM, and most recently served as APM’s EVP of national production. While APM saw production drop by about 42% in 2022 to $13.8

Retail 346

Retail Renovations Loan Officers Lending 346

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate.

Housing Market 371

Housing Market Marketing Real Estate Agent Agents 371

Housing Wire

DECEMBER 30, 2022

Mortgage demand picked up in recent weeks due to rates declining to 6% levels and a massive backlog of homes under construction, as mentioned by HousingWire ‘s lead analyst Logan Mohtashami in a recent column. It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Barnes said.

Renovations 406

Renovations Realtors Construction Mortgage 406

Eyes on Housing

MAY 12, 2023

According to the Federal Reserve Board’s April 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the first quarter of 2023—banks reported that lending standards tightened for most residential real estate (RRE) and commercial real estate (CRE) loan categories.

Lending 177

Lending Real Estate Loan Officers Construction 177

Housing Wire

JULY 1, 2022

Despite receiving an award for her group’s performance in January 2022, Meyer was informed by the human resources team, Simons and Jewkes that she was being terminated or could accept a demotion to an hourly call center loan officer. She resigned in April 2022 after taking the hourly call center loan officer position.

Human Resources 340

Human Resources Loan Officers Retail Construction 340

Eyes on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loan Officers 183

Loan Officers Real Estate Lending Mortgage 183

Housing Wire

JUNE 15, 2023

Doing so helps you move on and focus your energy constructively. Today’s loan officers simply do not have the time to undertake the various tasks that create customers for life — such as prospecting, crafting curated emails and creating engaging content for multimedia campaigns.

Client Relationships 363

Client Relationships Development Clients Tools 363

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code.

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

AUGUST 25, 2023

Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

JULY 20, 2023

The economy — coupled with resilience in the labor market and active new home construction — experienced a stronger pace of economic growth than Fannie Mae previously expected. The reason, if a recession occurred was going to be mild, was because of housing.

Lending 363

Lending Technology Business Construction 363

Housing Wire

AUGUST 3, 2023

HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As Rocket’s strategy going forward will remain the same – pursuing its direct-to-consumer business and TPO channel, Emerson noted.

Clients 344

Clients Business Inventory Mortgage 344

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

Business 402

Business Loan Officers Clients Inventory 402

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 426

Lending Loan Officers Business Investors 426

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? All factory-built homes constructed after June 15, 1976 must comply with the HUD Code or local building code.

Construction 78

Construction Loan Officers Training Lending 78