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. We are going to pursue the investor niche aggressively, meeting very specific realtors.
Housing Wire
DECEMBER 21, 2021
They expect shops with a consumer direct model, which tend to be refi-heavy and rely on call centers for intake, will be more likely than retail shops to cut employees in the months to come. Retail people don’t get laid off as much because they own their book of business.
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Housing Wire
AUGUST 10, 2022
Cracking the code on marketing to the realtor channel. The average contract 30-year fixed-rate mortgage for conforming loans ($647,200 or less) rose to 5.47%, from the previous week’s 5.73%. retail, residential mortgage applications. Presented by: 1000watt. MBA’s estimate shows rates rising. of total applications.
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.
Housing Wire
AUGUST 23, 2023
“For things like homeowner’s insurance , title insurance, and realtors, we’ve now just become a marketplace. But more recently, we have partnered with Realtors. operation, deprecated it, and launched a partnership operation with Realtors. ” And what is Better.com best at?
Housing Wire
MARCH 15, 2024
On average, about 50% of referrals to a retail LO come from buyers’ agents, VanFossen said. But its members noticed “many real estate agents are already writing sales contracts that require the buyer to pay the buyer’s real estate commission.” However, with the NAR settlement, listing agents may start dealing directly with homebuyers.
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. If Rocket wanted to really capture a huge amount of purchase business (and greatly increase costs in the process), they’d buy another retail lender or hire thousands of distributed LOs.
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