Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officers 396

Loan Officers Technology Investing Realtors 396

Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

Loan Officers 376

Loan Officers Development Investors Finance 376

Housing Wire

SEPTEMBER 16, 2022

Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Loan Officer Leadership. 10 Loans a Month. The Loan Officer Podcast. Housing News.

Loan Officers 410

Loan Officers Mortgage Lending Modernization 410

Housing Wire

JANUARY 19, 2024

6, 2024,” Sherry Carson, human resources generalist at Country Club Mortgage, wrote in a letter sent to the Employment Development Department in California in early December. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Human Resources 408

Human Resources Mortgage Loan Officers Finance 408

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.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” As of Oct. As of Oct.

Loan Officers 421

Loan Officers Mortgage Technology Realtors 421

Housing Wire

JANUARY 10, 2024

“Unfortunately, we do not see this change taking place within the base period or extended base period of the Community Economic Development Agreement (CEDA),” Allen noted. The JDIG agreement authorized the potential reimbursement to Pennymac of up to $1.9 million over the course of 12 years. The lender’s U.S.

Investing 316

Investing Development Tenants Loan Officers 316

Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . The company announced new hires in the sales executive team in early August.

Brokerage 479

Brokerage Mortgage Loan Officers Real Estate Agent 479

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As mortgage lender by volume last year.

Retail 391

Retail Loan Officers Legal Technology 391

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I

Mortgage 409

Mortgage Finance Insurance Tools 409

Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. She could also be ordered to pay $130,000 in restitution.

Loan Officers 410

Loan Officers Clients Design Insurance 410

Eyes on Housing

NOVEMBER 13, 2023

During the third quarter of 2023, availability of loans for residential Land Acquisition, Development & Construction (AD&C) continued to tighten, according to both NAHB’s survey on AD&C Financing and the Federal Reserve’s survey of senior loan officers.

Loan Officers 179

Loan Officers Construction Finance Development 179

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 408

Mortgage Lending Loan Officers Design 408

Housing Wire

SEPTEMBER 24, 2022

Pink slips were issued to workers in the learning and development team, developers and support staffers in the IT department, as well as loan officers, multiple current and former employees told HousingWire. Caliber did not respond to requests for comment.

Loan Officers 410

Loan Officers Development Mortgage Finance 410

Housing Wire

SEPTEMBER 7, 2023

If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted. But if you’re an originator, that simply means that your target group is now smaller,” said Brian Hale, CEO of Mortgage Advisory Partners. “If

Agents 388

Agents Buyers Loan Officers Real Estate 388

Housing Wire

APRIL 23, 2024

“However, we are going to position ourselves to be competitive and be able to offer whatever proprietary products are out there that our competitors are using as well, to allow financing for people aged 55 and older. “I’m Too often, forward loan officers are just focused on their real estate agent partners.

Mortgage 323

Mortgage Loan Officers Investors Business 323

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. In the purchase market, there are a lot of times people want that more personal touch, you need to be developing relationships with Realtors, and that can be much more difficult to do at scale,” he said.

Loan Officers 359

Loan Officers Retail Real Estate Agent Real Estate 359

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

Agents 454

Agents Sellers Buyers Finance 454

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 363

Lending Finance Loan Officers Legal 363

Housing Wire

JANUARY 12, 2022

Guaranteed Rate will continue to thrive and win market share by having a laser focus on leveraging our industry-leading purchase platform augmented by the best loan officers in the business,” Guaranteed Rate CEO Victor Ciardelli wrote in an email to brokers that HousingWire reviewed.

Retail 384

Retail Loan Officers Best Value Business 384

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn? .

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

NOVEMBER 10, 2022

“This is about more than growing our market share – we’re bringing on phenomenal loan officers and leaders from one of the strongest independent retail mortgage lenders,” added Movement’s president Mike Brennan. . Movement says it employs more than 1,500 loan officers nationwide and has over 550 branches.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

JANUARY 27, 2023

Top-producing loan officer Dave Medina and his team at the Temecula, California-based branch have left ​​ Fairway Independent Mortgage to join Movement Mortgage. The two executives moved from Fairway to Movement in August 2022 to boost the lender’s growth and develop its distributed retail sales team.

Retail 381

Retail Mortgage Loan Officers Brokerage 381

Housing Wire

DECEMBER 4, 2023

Our goal is to turn loan officers and agents into the first responders of the financial literacy crisis,” said Savage. FirstHome IQ continues to develop courses and curricula tailored to diverse demographics, from high school students to college graduates.

Tools 403

Tools Loan Officers Real Estate Development 403

Housing Wire

JANUARY 19, 2024

In addition, Patriot Bank is required to have at least two mortgage loan officers to serve majority-Black and Hispanic neighborhoods in the Bank’s service area and employ a director of community lending – responsible for development of lending in communities of color.

Loan Officers 391

Loan Officers Lending Advertising Home Improvement 391

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021.

Mortgage 381

Mortgage Training Loan Officers Lending 381

Housing Wire

JANUARY 30, 2023

According to the class-action-seeking lawsuit, filed in California, AmeriSave hired 200 loan officers to focus on the West Coast region in early 2022. It was part of the Atlanta-based mortgage lender’s strategy for developing a retail mortgage sales division. year over year, according to Inside Mortgage Finance estimates.

Loan Officers 452

Loan Officers Retail Contracts Mortgage 452

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. mortgage lender in the first quarter of 2023, per Inside Mortgage Finance (IMF) estimates. division, to Summit. The company originated $4.1

Retail 369

Retail Development Finance Lending 369

Housing Wire

FEBRUARY 6, 2024

The complaint adds that the bank did not track how its mortgage loan officers developed loan referrals or how they distributed the marketing materials.

Advertising 385

Advertising Lending Loan Officers Law 385

Housing Wire

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. billion in total loan volume in 2021, an increase from $13.4 billion in loans in 2020. Charlotte-based Cardinal Financial Company is #35 on Inside Mortgage Finance ‘ ranking of top U.S.

Loan Officers 377

Loan Officers Mortgage Retail Contracts 377

Housing Wire

APRIL 28, 2022

Union Home Mortgage is laying off loan officers in junior and senior positions, according to former employees’ LinkedIn posts and interviews with HousingWire. UHM is the 49th-largest mortgage lender in the country, according to Inside Mortgage Finance. The lender’s origination volume increased 25.8% billion, up 65.5%

Mortgage 318

Mortgage Loan Officers Retail Construction 318

Housing Wire

JUNE 6, 2022

As of May 27, Iowa Workforce Development lists 49 layoffs at the Wells Fargo campuses in Des Moines and 34 employee reductions in West Des Moine. Layoffs included 17 associate loan servicing representatives and eight loan servicing representatives as well as senior operations processors and senior loan servicing representatives.

Mortgage 420

Mortgage Loan Officers Lending Human Resources 420

Housing Wire

OCTOBER 5, 2023

“…These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

Housing Market 398

Housing Market Marketing Contracts Finance 398

Housing Wire

MARCH 4, 2022

“We put a lot of effort and energy into developing a program to help brokers grow. The mortgage lender is attracting professionals from the industry and developing its account executives and loan officers in-house, selecting people without experience in the mortgage industry. Origination data is not available.

Technology 344

Technology Logistics Government Retail 344

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 395

Mortgage Loan Officers Finance Investors 395

Housing Wire

JUNE 10, 2022

His extensive industry experience has allowed him to learn the challenges originators and consumers face in the home buying experience and he will work to develop solutions that improve and streamline the process for our franchisees and customers,” said Ward Morrison, president and chief executive officer at Motto Franchising and wemlo.

Marketing 383

Marketing Real Estate Agent Lending Real Estate 383

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgage 390

Mortgage Retail Lending Sellers 390