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 382

Retail Loan Officers Best Value Business 382

Housing Wire

APRIL 14, 2022

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. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 519

Mortgage Marketing Retail Lending 519

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 company has used the cash to acquire new businesses, such as the indie retail lender Mortgage Network and the brokerage Superior Rate Mortgage of New England.

Retail 381

Retail Mortgage Loan Officers Brokerage 381

Housing Wire

AUGUST 17, 2023

InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans.

Loan Officers 369

Loan Officers Mortgage Development Lending 369

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. United Wholesale Mortgage , the top lender in the country by volume, claimed just under 8% total market share over the first nine months of 2023.

Mortgage 396

Mortgage Retail Lending Sellers 396

Housing Wire

FEBRUARY 27, 2024

Rebecca Anderson, senior vice president of strategic communications and public relations at loanDepot, wrote to HousingWire that the company “enjoys a long history of attracting and developing top-notch talent and “we thank Mosi for her many contributions to loanDepot and wish her the best in the next chapter of her career.”

Loan Officers 404

Loan Officers Development Mortgage Real Estate 404

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. Desmond Smith: There are two ways to get a mortgage — wholesale or retail.

Mortgage 363

Mortgage Retail Lending Loan Officers 363

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 was first established in the New England region in Rhode Island.

Brokerage 471

Brokerage Mortgage Loan Officers Real Estate Agent 471

Housing Wire

FEBRUARY 16, 2024

HousingWire Editor in Chief Sarah Wheeler sat down with New American Funding CEO and Co-founder Rick Arvielo to talk about the acquisition, the company’s strategy for the rest of 2024, and what differentiates NAF in this market. Sarah Wheeler: Market conditions have fueled a lot of M&A activity recently.

Loan Officers 399

Loan Officers Retail Clients Real Estate Agent 399

Housing Wire

MARCH 30, 2023

Just having those additional layers in the retail model really creates strain there,” Kirby said in an interview. I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). I developed a ton of great relationships over that time there.

Mortgage 375

Mortgage Retail Loan Officers Brokerage 375

Housing Wire

JANUARY 24, 2022

In a letter to brokers about shutting down the Stearns wholesale channel, Victor Ciardelli, Guaranteed Rate CEO, wrote that the company will have a laser focus on leveraging its “industry-leading purchase platform augmented by the best loan officers in the business.”.

Lending 368

Lending Retail Loan Officers Business 368

Housing Wire

APRIL 1, 2024

I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.

Loan Officers 362

Loan Officers Training Business Retail 362

Housing Wire

JULY 12, 2023

Movement, which focuses on the distributed retail channel, was the 15th largest U.S. HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department. The company originated $4.1

Retail 370

Retail Development Finance Lending 370

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 361

Marketing Retail Lending Mortgage 361

Housing Wire

MARCH 15, 2021

HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. HW: What are some strategies that retail lenders should look at adopting from direct-to-consumer lending?

Lending 390

Lending Retail Mortgage Loan Officers 390

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 361

Mortgage Loan Officers Retail Training 361

Housing Wire

OCTOBER 4, 2022

The shift from a refinance boom to a purchase market will leave some mortgage lenders and loan officers with only two options: “Consolidate or exit the business,” according to ​​Mary Ann McGarry, Guild Mortgage’s chief executive officer. The market will reset ,” she said.

Mortgage 404

Mortgage Retail Loan Officers Business 404

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. Six months ago Interfirst Mortgage Co.

Human Resources 372

Human Resources Loan Officers Retail Training 372

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.

Loan Officers 453

Loan Officers Retail Contracts Mortgage 453

Housing Wire

APRIL 18, 2023

“The outside distributor retail is a hedge against the call center in the different environments. 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.

Retail 329

Retail Business Agents Loan Officers 329

Housing Wire

MARCH 4, 2022

California-based nonbank lender Carrington Mortgage Services has invested in boosting the growth of its wholesale channel, with the latest announcements including a new loan processing technology and plans to increase the sales team. “We put a lot of effort and energy into developing a program to help brokers grow.

Technology 355

Technology Government Logistics Retail 355

Housing Wire

APRIL 28, 2022

The residential housing market has turned quickly due to historically low inventory of homes for sale and a rapid rise in interest rates due to inflation,” Cindy Flynn, chief marketing and communications officer, said in a statement. “We, In early March, the company promoted three executives to vice president positions.

Mortgage 333

Mortgage Loan Officers Retail Construction 333

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.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

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 alleged the Fort Mill, South Carolina-based retail lender discriminated against Black and Hispanic people seeking mortgages in the Seattle-Tacoma area.

Mortgage 385

Mortgage Training Loan Officers Lending 385

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 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing.

Investors 409

Investors Real Estate Lending Loan Officers 409

Housing Wire

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. Guaranteed Rate Affinity’s case shows that recruiting wars remain fierce, even in a mortgage market downturn. Guild Mortgage and Caliber Home Loans have both sued CrossCountry on similar grounds.

Loan Officers 379

Loan Officers Mortgage Retail Contracts 379

Housing Wire

DECEMBER 1, 2020

Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative. Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge.

Loan Officers 210

Loan Officers Retail Training Design 210

Housing Wire

MARCH 1, 2022

Another reason for the decline in earnings is that UWM’s margins have declined in a competitive market. ” UWM estimates it achieved around 31% in market share on the wholesale channel in 2021. by closed loan volume for seven years in a row. “It’s a business development strategy,” he said on the call.

Retail 393

Retail Mortgage Loan Officers Technology 393

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve.

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. At UWM we focus on our client service, operational efficiency and speed to close loans. Blink+ is a white-label, borrower-facing digital application tool. Mat Ishbia, President and CEO.

Tools 302

Tools Training Technology Clients 302

Simonson Real Estate

AUGUST 24, 2020

Since then, market uncertainty has caused commercial investors to increasingly worry whether their commercial appraisal analyses are accurate. . We do so by attending commercial real estate events to gain insight and stay up-to-date on the current market trends. What is the profile of CRE deals that are getting closed?

Lending 148

Lending Construction Tenants Real Estate 148

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.

Lending 360

Lending Law Legal Training 360

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 340

Marketing Retail Mortgage Investors 340

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 384

Lending Real Estate Agent Loan Officers Retail 384

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 417

Technology Loan Officers Lending Business 417

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgage 441

Mortgage Brokerage Retail Business 441