Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

APRIL 1, 2024

I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.

Loan Officers 344

Loan Officers Training Business Retail 344

Housing Wire

NOVEMBER 1, 2022

Caliber Home Loans is suing another direct competitor for raiding its talent pool, accusing rival Union Home Mortgage of trying to “cripple” its retail mortgage operation in the Southeast. The company had 520 active loan officers as of October, per Modex’s data. million profit for Caliber.

Retail 273

Retail Mortgage Contracts Loan Officers 273

Housing Wire

JANUARY 30, 2023

According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. million when considering all 140 potential class members.

Loan Officers 446

Loan Officers Retail Contracts Mortgage 446

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Mortgage 392

Mortgage Loan Officers New Listings Government 392

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. retail residential mortgage applications. from the week prior.

Mortgage 367

Mortgage Loan Officers Investors Government 367

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. and Delaware employees also transitioned to the retail competitor. In some cases, Movement offered a $125,000 signing bonus to loanDepot loan originators to come to the company, the lawsuit claims.

Retail 370

Retail Contracts Legal Business 370

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 387

Loan Officers Retail Lending Contracts 387

Housing Wire

FEBRUARY 15, 2023

Not the ones that were sold to Luminate Home Loans , but the ones that were remaining,” Lamb said. Several of Celebrity’s retail businesses transitioned to Luminate Home Loans in December and January, including Neo Home Loans. The company has a distributed retail platform, Lamb said.

Retail 265

Retail Loan Officers Contracts Business 265

Housing Wire

JUNE 10, 2022

Last year, taking advantage of lower mortgage rates and a refi boom, Wyndham actively expanded, opening two hubs in Dallas and Phoenix, which pushed its office count to five. The company also launched a retail division in July 2021 and hired former Citi executive Karen Mayfield in August to lead the national effort.

Mortgage 368

Mortgage Loan Officers Retail Contracts 368

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 348

Mortgage Loan Officers Retail Training 348

Housing Wire

AUGUST 1, 2022

The former employees started working for Cardinal Financial Company a few days after leaving Guaranteed Rate Affinity – Engler landed a senior vice president and retail divisional leader job at the new company, similar to his position at the previous lender, according to the lawsuit. billion in business. billion in business.

Loan Officers 373

Loan Officers Mortgage Retail Contracts 373

Housing Wire

NOVEMBER 9, 2022

He added that the company’s executives “expect to materially complete the wind down across both retail and wholesale mortgage channels by the end of this year.” Fraud risk continues to rise even as the market contracts .

Mortgage 349

Mortgage Finance Retail Business 349

Housing Wire

JUNE 2, 2023

All these other retail lenders are doom and gloom, saying: “The market is so hard, I gotta wait for next year.” Ishbia: Pennymac doesn’t originate loans. They buy loans. The only originators are retail or wholesale. Small retail lenders originate the loan, close it, and then sell it to Pennymac.

Retail 355

Retail Inventory Mortgage Loan Officers 355

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. For jumbo loans, it went from 6.01% to 6.14% in the same period. Matt Graham, founder and CEO of MBS Live. Fannie Mae and Freddie Mac don’t have a lot of appetite right now.

Mortgage 359

Mortgage Marketing Loan Officers Retail 359

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

FEBRUARY 16, 2022

SM: I joined this industry as a Retail Mortgage Loan Officer growing to a Broker Owner in my local community and try to apply a simple concept we share with customers and prospects which is the idea of digital lending made simple. HW: What are some of the core building blocks for digital lending?

Lending 331

Lending Technology Tools Loan Officers 331

Housing Wire

FEBRUARY 3, 2022

Analysts at Cider Knoll Holdings , an equity research firm specializing in nonbank mortgage originators, project earnings per share for 10 nonbank mortgage companies to contract 30% in the fourth quarter, compared to the previous quarter. As pure-play retail mortgage lenders go, Guild has been a bright spot.

Mortgage 371

Mortgage Retail Finance Investors 371

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. Most of the signing bonus came from retail lenders.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 374

Lending Real Estate Agent Loan Officers Retail 374

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.

Retail 335

Retail Real Estate Agent Business Mortgage 335

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. I was astonished, frankly. My reaction stems today from a position of relative neutrality.

Business 539

Business Retail Mortgage Lending 539

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 269

Construction Retail Mortgage Contracts 269

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 in the third quarter of 2020.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21 from 0.66 (including the origination fee) for 80 percent LTV loans.

Appraisal 79

Appraisal Contracts Business Construction 79

Appraisal Today

AUGUST 13, 2023

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. from 0.68 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74

Appraisal Today

MAY 12, 2023

The residential lending appraisal business depends on low-interest rates, the same as for loan officers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.48 from 0.54 (including the origination fee) for 80 percent LTV loans.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? For example, to close their “deal” the borrower needs a bridge loan. from 0.41 (including the origination fee) for 80 percent LTV loans. percent from 6.76 percent from 6.86

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

OCTOBER 21, 2022

My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.94

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

OCTOBER 14, 2022

I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.81 from 0.79 (including the origination fee) for 80 percent LTV loans.

Appraisal 52

Appraisal Insurance Real Estate Business 52