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These LOs are TikTok sensations. They call a potential ban “unfortunate”

Housing Wire

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

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.

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Longbridge Financial marks two years of national field sales

Housing Wire

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.

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titlegenius by Radian makes closing simple, transparent and less expensive

Housing Wire

Radian’s innovative platform walks the borrower through the closing process step-by-step, from contract to keys. Titlegenius offers easy-to-use tools like remote capture and online notarization. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius.

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The war for top talent and why LOs move shops

Housing Wire

Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now. Loan officers tend to move shops for one of two primary reasons: pain or gain.

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Buydowns become key for buyers to beat the market

Housing Wire

With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3 Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. ” Trudy Kelly, senior loan officer at Churchill Mortgage.

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What MBA’s forecast means for mortgage originators

Housing Wire

If rates rise modestly, as MBA suggests, we will be left with rates still near historic lows, a boon for homebuyers but still a contraction in refinances. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. So, what does this mean for originators?

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