Housing Wire

JANUARY 10, 2023

American Pacific Mortgage (APM) has scooped up roughly 150 employees from 20 AmeriFirst Financial Inc. 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

Loan Officers 382

Loan Officers Mortgage Training Finance 382

Housing Wire

APRIL 13, 2023

First Federal Bank will acquire the mortgage division of BNC National Bank , which will give the Florida-headquartered community-based bank a nationwide consumer direct mortgage platform. As with the entire mortgage industry, BNC National Bank was heavily impacted by rising interest rates last year.

Business 384

Business Mortgage Loan Officers Lending 384

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.” Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

NOVEMBER 20, 2023

A plausible, and hopeful, outcome of the commission lawsuit would be an agreed upon contract change which provides more transparent definitions of agent compensation and gives sellers the opportunity to set their buyer agent’s commission rate. If this is to happen, buyer agents and mortgage companies will be forced to adapt.

Agents 453

Agents Buyers Real Estate Agent Loan Officers 453

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. This is according to a series of RMD interviews with six reverse mortgage originators from across the U.S., So, this definitely [makes for] a huge Improvement for myself.”

Business 428

Business Mortgage Loan Officers Marketing 428

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. Assisting homebuyers and their agents adds more to an LO’s plate.

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Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity.

Mortgage 525

Mortgage Loan Officers Real Estate Agent Realty 525

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 397

Mortgage Loan Officers Retail Marketing 397

Housing Wire

OCTOBER 18, 2023

I asked the good folks at mortgage data technology firm InGenius to run the numbers. “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.” Take a look.

Retail 515

Retail Loan Officers Brokerage Mortgage 515

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Mortgage 396

Mortgage Retail Loan Officers Brokerage 396

Housing Wire

MARCH 2, 2023

Mortgage rates are surging again due to sustained economic growth and continued inflation, eclipsing 7% on Thursday. The 30-year fixed-rate mortgage on Thursday, March 2 touched 7.10% , up 16 basis points from 6.94 Lower mortgage rates back in January brought buyers back into the market. on Wednesday.

Mortgage 441

Mortgage Buyers Loan Officers Marketing 441

Housing Wire

APRIL 18, 2024

Its mission statement included a desire to “champion groundbreaking research focused on reverse mortgages.” It continued to contribute data and academic information about the reverse mortgage product and its potential use as a retirement planning tool. “We That’s what we want to continue to do.”

Loan Officers 421

Loan Officers Tools Mortgage Government 421

Housing Wire

SEPTEMBER 14, 2023

But Pavan Agarwal, CEO of Sun West Mortgage Company and the creator of the Angel Ai technology, has a different perspective, which he shares in this interview with HousingWire Editor in Chief Sarah Wheeler. Sarah Wheeler: What do people in the mortgage industry not understand about AI? So when I say this is disruptive, this is why.

Loan Officers 409

Loan Officers Technology Mortgage Training 409

Housing Wire

MARCH 1, 2021

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Are you currently thinking about buying a home or refinancing your existing mortgage?

Mortgage 432

Mortgage Loan Officers Real Estate Insurance 432

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 396

Loan Officers Investing Technology Mortgage 396

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Mortgage 431

Mortgage Business Legal Real Estate 431

Housing Wire

JULY 16, 2021

The second big mortgage joint venture announcement this week is a meeting of the Glenns. Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The Mobile “Must-Haves” Reshaping Mortgage Technology. Presented by: SimpleNexus.

Mortgage 410

Mortgage Lending Brokerage Agents 410

Housing Wire

APRIL 21, 2023

It’s been delayed, but that’s not enough for the mortgage industry. “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 421

Housing Wire

MARCH 16, 2023

The Federal Housing Finance Agency ’s (FHFA’s) decision to delay implementing the controversial upfront fee on Fannie Mae and Freddie Mac borrowers with higher debt-to-income (DTI) ratios gave mortgage lenders a breather. “I think the industry supports eliminating the DTI-based LLPA,” he said.

Mortgage 384

Mortgage Finance Loan Officers Law 384

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move. We’re very excited to work with her.

Loan Officers 414

Loan Officers Business Mortgage Clients 414

Housing Wire

MARCH 16, 2022

Cyberattacks are on the rise in recent weeks, as sanctions on Russia push its economy to the breaking point , and mortgage lenders may have unique vulnerabilities. As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. Presented by: FundingShield.

Mortgage 384

Mortgage Marketing Lending Loan Officers 384

Housing Wire

SEPTEMBER 1, 2020

There’s a lot of mortgages to be processed. 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 409

Loan Officers Retail Lending Contracts 409

Housing Wire

DECEMBER 12, 2022

By this definition, instant title today would shorten turnaround time by about one day for a title commitment on a standard file. While reducing the time it takes to close a loan by a day is nice, shouldn’t we be trying to shave off a week or more instead? And there are other primary and secondary mortgages tied to the consumer.

Mortgage 390

Mortgage Design Loan Officers Agents 390

Housing Wire

FEBRUARY 7, 2024

In the mortgage space, the parent of multichannel lender Newrez earned most of its profits from the servicing business. Lower interest rates, however, reduced the value of mortgage servicing rights (MSR) in the final three quarters of the year and affected the company’s overall performance during the period. million in 2023.

Valuation 412

Valuation Business Mortgage Loan Officers 412

Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

Mortgage 384

Mortgage Investors Clients Marketing 384

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. Parker is a HousingWire 2022 Mortgage Marketing Leader with a focus on business development and marketing.

Loan Officers 354

Loan Officers Business Mortgage Clients 354

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 According to Banosian, mortgage companies should be looking at three different client classes: your employees, your partners (“everybody that feeds your company”) and the actual end user.

Loan Officers 384

Loan Officers Clients Mortgage Marketing 384

Housing Wire

APRIL 9, 2024

Forecasts in the industry predict that most mortgage growth over the next several years will come from MMCTs and BIPOC communities. The future of the mortgage industry is increasingly diverse. Total Mortgage Volume Forecast, multicultural households will account for about $2.2 More recently, Patriot Bank paid $1.9

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Modernization Lending Legal Legal Fees 400

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. In addition, the credit rating agency expects mortgage rates to move even higher in 2023 and home prices to decline by up to 5%. “We

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. So if the numbers work for them and they want the lowest rate , they can do that and the mortgage brokers can figure out what works for them and get that deal for them.

Mortgage 466

Mortgage Marketing Technology Loan Officers 466

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 450

Loan Officers Clients Business Marketing 450

Housing Wire

FEBRUARY 24, 2021

Consumers today expect access to instant information and don’t want to spend lots of time making calls to coordinate showings or filling out paperwork to get a mortgage. But we also must acknowledge that the core definition of any stimulus is to implement something that causes an immediate, short-term response.

Real Estate Agent 350

Real Estate Agent Real Estate Agents Loan Officers 350

Housing Wire

MARCH 31, 2022

Non-QM, like any mortgage product, is affected by interest rate fluctuations. 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.

Marketing 389

Marketing Investors Technology Loan Officers 389

Housing Wire

OCTOBER 27, 2020

Your credit plays a huge part in your ability to get a mortgage. It influences what loans you’re eligible for, how much you can take out, and how much you’ll pay in interest over the life of your loan. Myth 2: You can’t buy a house if you have lots of student loan debt. Fortunately, that’s just not true.

Loan Officers 385

Loan Officers Technology Mortgage Buyers 385

Housing Wire

DECEMBER 18, 2020

Considering the median mortgage payment sits around $1,100, that’s a pretty big chunk of change to be bringing in. The differences between FHA, VA, and USDA mortgages. If you plan to use the property as an investment (you’ll have to indicate so on your loan application), then you could face more stringent qualifying requirements.

HOA 466

HOA Finance Investing Loan Officers 466

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

APRIL 17, 2023

From a compliance perspective, there is a lot of scrutiny from regulators , but that’s not new: it’s been the case since the mortgage crisis. 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.

Loan Officers 374

Loan Officers Investors Valuation Real Estate 374