Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. 5, according to the document reviewed by HousingWire.

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Human Resources Loan Officers Construction Mortgage 344

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings.

Technology 327

Technology Real Estate Agent Loan Officers Lending 327

Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. RE/MAX and Motto were having trouble hiring experienced processors, so about four years ago they bought wemlo, which has a platform connecting mortgage brokers and loan originators to a processing network.

Marketing 375

Marketing Real Estate Agent Lending Real Estate 375

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 369

Retail Loan Officers Brokerage Technology 369

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. The company named 34-year veteran Sarah Middleton to the new position of chief growth officer to attract, onboard and develop sales leaders.

Retail 369

Retail Development Finance Lending 369

Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

Loan Officers 296

Loan Officers Architecture Real Estate Agent Clients 296

Housing Wire

NOVEMBER 2, 2023

There is also growing demand for non-QM products from a banking sector that is taking note, presenting new opportunities where some banks see the need to sell loans they would traditionally hold as portfolio products. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers.

Investors 392

Investors Real Estate Lending Loan Officers 392

Housing Wire

MARCH 8, 2021

Despite the increased pace, the industry as a whole still has room for continued tech development and usage. HousingWire: Why do you feel it is important to continually develop and use new technologies? Renata Sheyner : Two key industry factors drive the need for continual use and development of new technologies.

Technology 322

Technology Lending Loan Officers Development 322

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. .”

Housing Market 390

Housing Market Marketing Contracts Finance 390

Housing Wire

JUNE 30, 2021

The no-cost solution allows brokers to submit applications, price out loans, eSign documents and helps make the experience smoother for borrowers and real estate agents. The company also offers both onsite and virtual Success Track training for loan officers, processors and broker owners. Mat Ishbia, President and CEO.

Tools 306

Tools Training Technology Clients 306

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The closer, the better.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 346

Mortgage Loan Officers Retail Training 346

Housing Wire

JANUARY 13, 2021

Data analytics giant Black Knight unveiled a new self-service style platform aimed at correspondent lending that will allow lenders to manage conditions and validate pricing locks on Best Effort loans. suburbs in the upcoming months.

Mortgage 264

Mortgage Sellers Technology Real Estate Agent 264

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. It was kind of a no brainer, just low-hanging fruit.

Marketing 344

Marketing Retail Lending Mortgage 344

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. But, as we’ve noted, necessity is changing this.

Marketing 330

Marketing Investors Technology Loan Officers 330

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 372

Lending Real Estate Agent Loan Officers Retail 372

Housing Wire

SEPTEMBER 5, 2023

SW: Affordable housing initiatives are on the radar of more lenders this year, but your typical loan officer may not have a lot of experience there. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives? SW: AI has really stepped into the spotlight this year.

Technology 346

Technology Mortgage Tools Insurance 346

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus.

Lending 356

Lending Real Estate Agent Real Estate Technology 356

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 310

Real Estate Agent Real Estate Project Management Agents 310

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

Technology 401

Technology Loan Officers Lending Business 401

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Listing Spark

FEBRUARY 16, 2023

Episode Summary Julie Daniels subs in for host Aaron Jistel and Rachael Holladay, VP of Lending at Stallion Funding. About Rachael Holladay Rachael Holladay is the VP of Lending at Stallion Funding, a real estate and hard money lending firm. She also recommends documenting everything and getting mechanics, lean waivers, etc.

Real Estate 36

Real Estate Investing Investors Lending 36

Housing Wire

OCTOBER 6, 2020

Worse, because we are not yet leveraging the power of big data in our industry, for reasons we will discuss in this article, most of the technology deployed on the front end is not being well adopted and utilized and its effects on the back-office have been negligible. Lending technology out of focus. This hasn’t worked out very well.

Technology 450

Technology Mortgage Investing Investors 450

Housing Wire

SEPTEMBER 30, 2021

The adoption of digital lending solutions has been increasing over the last few years, with the COVID-19 pandemic only accelerating the process. We’ve been at this a long time, so we understand our clients’ need for agile and technology-forward lending platforms to help them sustain and scale critical business processes.”.

Technology 286

Technology Clients Supply Chain Design 286

Housing Wire

OCTOBER 3, 2022

Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century. The system also provides management reporting on user productivity and loan metrics derived from a beginning-to-end workflow that can reduce costs and manual tasks.

Technology 321

Technology Loan Officers Modernization Retail 321

PennyMac

SEPTEMBER 9, 2020

Before you decide if this funding source is the right option for you, make sure to review all documentation for withdrawal stipulations before committing to cash-out of your 401k. An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans typically have more flexible lending guidelines than other investors.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Assurance Financial

JULY 23, 2021

If you meet certain requirements, you might qualify for a conventional loan with just a 3% down payment. Certain mortgage programs, particularly government-backed loan programs, let you get a home loan with much less than 20% down, too. USDA Rural Development and VA loans accept 0% down.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Portland Appraisal Blog

DECEMBER 28, 2018

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. For reference, my developed opinion of value was: $400,000, so the AVM was ~4.2% With so little explanatory material in the document itself, I don’t think they need to worry about anyone being able to reverse engineer their system.

Valuation 78

Valuation Appraisal Loan Officers Real Estate 78

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And in a March interview with former president Bill Clinton, Department of Housing and Urban Development Sec.

Lending 356

Lending Government Law Mortgage 356

PennyMac

AUGUST 10, 2022

Here’s how to know if an FHA loan is the right fit for you and your unique homeownership goals. What is an FHA Loan? Department of Housing and Urban Development (HUD). An FHA loan sounds like a loan that comes from the FHA, right? This is not true — the FHA does not issue loans directly to homebuyers.

Insurance 36

Insurance Buyers Mortgage Renovations 36

Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home. the seller. Stop, Look & Listen – Tip No.

Inspection 36

Inspection Sellers Buyers Real Estate 36

Housing Wire

APRIL 19, 2022

Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae -backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act. The bank agreed to provide documentation to HUD showing that it “already maintains such policies.”.

Loan Officers 370

Loan Officers Mortgage Government Development 370

Housing Wire

FEBRUARY 7, 2022

Few things terrify lenders more than the arrival of a manila envelope from the Department of Housing and Urban Development ( HUD ) containing a redlining allegation. Increased redlining enforcement is one piece of HUD’s renewed focus on fair lending, and part of a multi-pronged approach to address the legacy of racist housing policy.

Insurance 341

Insurance Modernization Lending Mortgage 341