Housing Wire

OCTOBER 4, 2023

Lenders that adopt artificial intelligence (AI) or machine learning (ML) into the mortgage lending landscape want to see operational efficiency, Fannie Mae ’s mortgage lender sentiment survey showed. A total of 242 senior executives from 219 lending institutions completed the survey between Aug.

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Technology Lending Valuation Mortgage 406

Housing Wire

FEBRUARY 1, 2023

While mortgage attorneys said the “Control your Price” initiative doesn’t appear to clearly cross the legal line, they raised compliance concerns — including rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts.

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Construction Real Estate Agent Loan Officers Legal 418

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. It’s the sprint that can really set lenders apart.

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Mortgage Technology Tools Business 461

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?

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Loan Officers Investors Mortgage Clients 418

Simonson Real Estate

AUGUST 24, 2020

It was here that I had the opportunity to moderate the Banking and Construction Lending Update discussion with Patricia Gnetz of U.S. Based on lender interviews and market reports, appetite for lending on each of the property types generally falls into in the following ranking (in order of best to worst). We had a great discussion!

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Lending Construction Tenants Real Estate 148

Housing Wire

DECEMBER 27, 2023

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. Take Planet Home Lending as an example. Who are the potential targets?

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Mortgage Retail Lending Sellers 427

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. She will remain head of home lending while the company searches for her successor. .

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Mortgage Loan Officers Lending Business 368

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. If cooperative compensation is banned, the Department of Housing and Urban Development (HUD) and the VA must weigh in to develop or accept a mechanism for FHA and VA borrowers and how to pay the buyer’s agent’s commission.

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Agents Sellers Buyers Finance 480

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.

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Mortgage Marketing Retail Lending 526

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

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Lending Law Legal Training 359

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 360

Mortgage Loan Officers Retail Training 360

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.

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Marketing Retail Lending Mortgage 359

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: One of NAF’s priorities is on lending to the Hispanic community.

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Retail Business Agents Loan Officers 326

Housing Wire

JANUARY 25, 2022

There’s already been widespread margin compression with agency conventional products due to the declines in refinances, while government margins will likely start compressing soon as well. To develop a robust input, it’s imperative to understand your cash flows, which means knowing your sources and uses of cash.

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Mortgage Inventory Business Loan Officers 352

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.

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Marketing Investors Technology Loan Officers 374

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business.

Real Estate 364

Real Estate Brokerage Real Estate Agent Technology 364

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 447

Technology Loan Officers Lending Business 447

Housing Wire

OCTOBER 1, 2022

The complaint filed in federal court on Wednesday alleges that from at least 2015 to 2021, Lakeland failed to provide mortgage lending services to Black and Hispanic neighborhoods in Newark. Federal officials said similar banks generated five times as many loan applications from prospective Black and Latino home buyers as Lakeland.

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Law Loan Officers Lending Advertising 424

Housing Wire

JANUARY 17, 2024

Our thoughts and prayers are with Mary, his children, and the rest of his family.” A fierce advocate for the industry, Stevens became a loan officer in 1983 in Colorado, rising through the ranks of World Savings during a 16-year tenure. He left government service and became president of the Mortgage Bankers Association.

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Finance Loan Officers Real Estate Development 491

Housing Wire

JUNE 1, 2021

SVP, Agent Engagement & Development. Manager, Government & Industry Relations. EVP, Retail Lending. Alterra Home Loans. Alterra Home Loans. Senior Loan Officer. Supreme Lending. VP of Product Development. VP, Lending Support. eXp Realty. Kristen Cox. Louis daRosa.

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Retail Lending Loan Officers Finance 417

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.

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Appraisal Appraisal Process Valuation Real Estate 36

AmeriMac

SEPTEMBER 1, 2021

A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. The HVCC served as appraisal guidelines that then led to incorporating similar appraiser guidelines into the Dodd-Frank Wall Street Reform and Consumer Protection Act and the Truth in Lending Act.

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Appraisal Valuation Law Lending 36

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

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Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

JANUARY 12, 2021

Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker , a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason. So why change direction now?

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Tools Loan Officers Lending Design 362

Assurance Financial

JUNE 15, 2023

Fannie Mae and Freddie Mac are two government-sponsored entities (GSEs) that play a significant role in the United States housing market by providing liquidity to the mortgage market. Freddie Mac, on the other hand, stands for the Federal Home Loan Mortgage Corporation. What Does Fannie Mae and Freddie Mac Stand For?

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Government Housing Market Mortgage Investors 36

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Lending technology out of focus. In other cases, the loan officers didn’t trust the technology.

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Technology Mortgage Investing Investors 476

PennyMac

SEPTEMBER 9, 2020

An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans typically have more flexible lending guidelines than other investors. FHA typically offers down payments as low as 3.5%, however, FHA requires mortgage insurance regardless of your loan to value. USDA Rural Development Loans.

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Insurance Buyers Mortgage Human Resources 36

Housing Wire

SEPTEMBER 14, 2023

“We would partner with banks to buy their loans and securitize them so the banks could recycle their capital.” Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said.

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Investors Investing Mortgage Real Estate 369

Housing Wire

MARCH 29, 2022

The federal government was for redlining before it was against it, instituting color-coded maps of fast-changing metropolises for the better part of the 20th Century. And if these agencies were to find that a merger ran counter to public interest because of a bank’s discriminatory lending practices, it’s not likely anyone would know about it.

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Lending Government Law Mortgage 365

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Incentivizing developers is necessary. Committing non-bank lending institutions. Housing has always been an engine of economic growth. of GDP in 2020.

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Insurance Construction Government Lending 394

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers?

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Appraisal Contracts Mortgage Marketing 67

Assurance Financial

JULY 27, 2021

Two broad categories of mortgages exist, private loans and government-backed loans. Private loans often have stricter requirements, while government-backed loans are guaranteed by various federal agencies or departments and have looser requirements. It’s not guaranteed or backed by the government.

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Mortgage Government Construction Insurance 69

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.

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Mortgage Real Estate Agent Government Loan Officers 74

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? FHA stands for the Federal Housing Administration, a government agency created in 1934 by the U.S. Department of Housing and Urban Development (HUD). One must be government-issued, photo I.D.

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Insurance Buyers Mortgage Renovations 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. HUD will monitor the bank’s adherence to the conciliation agreement, which governs the bank’s behavior for one year.

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Loan Officers Mortgage Government Development 414

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.

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Insurance Modernization Lending Mortgage 357