Housing Wire

OCTOBER 18, 2023

“There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.” ” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed.

Retail 512

Retail Loan Officers Brokerage Mortgage 512

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space.

Mortgage 435

Mortgage Loan Officers Finance Buyers 435

Housing Wire

JANUARY 10, 2023

Not every loan officer that wanted to join APM was hired, however. The focus was on high-producing and profitable branches — and the loan officers who were part of those branches were brought over, Lowman explained. . “We We are definitely focused on increasing market share and volume,” Lowman said.

Loan Officers 330

Loan Officers Mortgage Training Finance 330

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. I think things have definitely picked up,” he said.

Development 391

Development Mortgage Tools Loan Officers 391

Housing Wire

SEPTEMBER 14, 2023

SW: How do people in the mortgage industry react when you talk about manufacturing loans like this? But the median age of homebuyers is like 30 and the median age of loan officers is like 55. And loan officers are getting older every year while homebuyers are staying the same or getting younger, so the gap is expanding.

Loan Officers 378

Loan Officers Technology Mortgage Training 378

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The company has 76 active loan officers in four branches, according to Modex. The terms of the deal were not disclosed. accelerates.

Loan Officers 352

Loan Officers Investing Technology Mortgage 352

Housing Wire

APRIL 18, 2024

But by definition, a task force comes together for a specific goal, and then could lay low for a while until needed again. But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” That’s what we want to continue to do.”

Loan Officers 321

Loan Officers Tools Mortgage Government 321

Housing Wire

APRIL 13, 2023

The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday. NMLS showed the bank has 63 registered loan officers. The bank’s production volume more than halved to $1.04

Business 351

Business Mortgage Loan Officers Lending 351

Appraisal Buzz

NOVEMBER 17, 2021

a cloud banking and digital transformation solutions company for the global financial services industry, has entered into a definitive agreement to acquire SimpleNexus in a stock and cash transaction valued at approximately $1.2 nCino Inc. ,

Real Estate Agent 195

Real Estate Agent Loan Officers Real Estate Agents 195

Housing Wire

JANUARY 6, 2021

If you’re thinking about refinancing your mortgage, here are five reasons why you might want to act now and reach out to a loan officer. This strategy is definitely something for borrowers to consider if they’re able to make the higher monthly payments and meet the qualifications for a shorter-term loan,” he said.

Mortgage 523

Mortgage Loan Officers Real Estate Agent Realty 523

Housing Wire

SEPTEMBER 17, 2020

1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013.

Loan Officers 446

Loan Officers Clients Business Marketing 446

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.

Loan Officers 375

Loan Officers Retail Lending Contracts 375

Housing Wire

MARCH 15, 2024

The good news is that we finally signed a definitive agreement in January of this year to buy 100% of the estate’s shares,” Peskin said. I don’t think you can just look at today, you’ve got to look at how to help our loan officers be successful in growing their business.”

Loan Officers 344

Loan Officers Business Mortgage Clients 344

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market.

Mortgage 388

Mortgage Loan Officers Retail Marketing 388

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 The result? Insurance policies for homeowners are skyrocketing. If homeowners can get them at all. “It

Insurance 345

Insurance Housing Market Marketing Supply Chain 345

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. So it’s currently just two.

Mortgage 347

Mortgage Retail Loan Officers Brokerage 347

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In I think getting through until February is going to be massively challenging, because things are definitely slowing down,” he said.

Loan Officers 373

Loan Officers Clients Mortgage Marketing 373

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. So, this definitely [makes for] a huge Improvement for myself.” This is according to a series of RMD interviews with six reverse mortgage originators from across the U.S.,

Business 367

Business Mortgage Loan Officers Marketing 367

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. and helping the general consumer understand those positives,” she said. Just start,” Peterson said.

Loan Officers 280

Loan Officers Business Mortgage Clients 280

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 275

Real Estate Agent Real Estate Agents Loan Officers 275

Housing Wire

MARCH 31, 2022

That’s because non-QM rates are generally 2 to 3 points higher than QM loans, and candidates for non-QM refinances probably aren’t being bombarded with refinance offers every time rates drop a quarter of a point. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers.

Marketing 319

Marketing Investors Technology Loan Officers 319

Housing Wire

FEBRUARY 7, 2024

Ultimately, Rithm decided to restructure its origination business at the beginning of 2024, which resulted in cuts to regional and divisional managers at Caliber Home Loans along with reductions in compensation for loan officers. Looking ahead, Santoro said he expects more activity in the mortgage origination sector in 2024. “I

Valuation 339

Valuation Business Mortgage Loan Officers 339

Housing Wire

MARCH 1, 2021

Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. If you can find a home in a USDA-eligible area, you’ll definitely want to give these loans a look. It’s reportedly around 97% of all U.S. landmass!). It doesn’t stop there.

Mortgage 427

Mortgage Loan Officers Real Estate Insurance 427

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I I have one borrower that made an offer last week but withdrew this week when he saw that the rate was closer to 7%.

Mortgage 434

Mortgage Buyers Loan Officers Marketing 434

Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

Reconsideration of Value 100

Reconsideration of Value Appraisal Appraisal Process Loan Officers 100

Housing Wire

APRIL 17, 2023

Today, we can’t justify the expense to implement that technology , but in the future, if we see enough demand, we’d definitely consider it. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers.

Loan Officers 302

Loan Officers Investors Valuation Real Estate 302

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. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

Buyers 501

Buyers Agents Mortgage Real Estate Agent 501

Housing Wire

MARCH 16, 2023

It’s going to push more people into private financings, such as jumbo-type financing, even on conforming loan amounts, LOs against the DTI-based LLPAs, said Baret Kechian , a loan officer at loanDepot. “If

Mortgage 368

Mortgage Finance Loan Officers Law 368

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. And, you’ll definitely […]. The post The Loan Officer’s Guide to Appraisals Part 7: How Can the Appraisal Process be Sped Up?

Appraisal Process 88

Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

Housing Wire

DECEMBER 18, 2020

You can definitely purchase a home with the intent to rent it out on Airbnb. If you’re not sure if it’s a good move, talk to a financial advisor or loan officer. If the home is located in an area with an HOA or condo association, there may also be dues there, too. The bottom line?

HOA 462

HOA Finance Investing Loan Officers 462

Housing Wire

OCTOBER 27, 2020

Your credit definitely matters when buying a home, so make an effort to increase your score and settle any overdue accounts before filling out a mortgage application. If your score’s less than ideal, talk to a loan officer about ways you can improve your application. Credit score matters, but it’s not everything.

Loan Officers 305

Loan Officers Technology Mortgage Buyers 305

Housing Wire

APRIL 9, 2024

Though well-intentioned — and we agree, we should definitely hire more diverse LOs — your borrowers are smart enough to recognize this strategy of appeasement. Many lenders think, “Oh, to reach Black neighborhoods, I should hire more Black LOs to connect with potential borrowers.” Create internal alignment.

Modernization 320

Modernization Lending Legal Legal Fees 320

Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. By both companies’ admission, a major key to Success’s success will be hiring loan officers. Presented by: SimpleNexus.

Mortgage 382

Mortgage Lending Brokerage Agents 382

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

Housing Market 416

Housing Market Marketing Insurance Mortgage 416

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales.

Real Estate 355

Real Estate Realtors Brokerage Business 355

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. I definitely have been a bit worried,” Vergos said. “I

Real Estate 353

Real Estate Real Estate Agent Clients Agents 353

Housing Wire

APRIL 21, 2023

“There is a reason the revised general Qualified Mortgage (QM) definition excludes the DTI ratio: Studies demonstrate that as a stand-alone measure, DTI is not a strong indicator of a borrower’s ability to repay.”

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Logistics Mortgage HOA Property Taxes 413