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Why non-QM lending is not going away

Housing Wire

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022?

Lending 341
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Borrowers have called me from seeing my advertising in the stores and a couple of Realtors, too.”. trillion in 2021.

Marketing 387
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Excelerate Capital is accelerating its growth in the non-QM market 

Housing Wire

They’ll be based at brick-and-mortar branches and going out into their communities and building customers for Realtors and affinity partners.”. If you look at it from an origination standpoint, think about all the loan officers that were able to just refi their current pipeline, with interest rates at 3% [or lower],” Yoon explained. “It

Marketing 344
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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%

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Rocket bets big on AI for bespoke customer experiences

Housing Wire

In the homeownership journey, the consumer has a lot of conversations: they talk to a loan officer, they talk to a client experience specialist, they may talk to someone in the servicing experience. We’re just gonna keep feeding more data to the tool and training it and apply it in more and more places in the market.

Clients 298
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Help your Borrowers Navigate Recent Home Appraisal Trends

Genworth MI Blog

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. For traditional products and hybrid, the accurate identification of physical features and location is paramount in the development of a credible value opinion.