Housing Wire

MARCH 30, 2023

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. In addition, the company’s CEO, Peter Norden, will act as executive advisor to CMG’s retail division to ensure a successful transition. mortgage lender by volume last year.

Retail 397

Retail Loan Officers Legal Technology 397

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. .”

Loan Officers 421

Loan Officers Brokerage Retail Construction 421

Housing Wire

AUGUST 1, 2023

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.

Loan Officers 364

Loan Officers Retail Real Estate Agent Real Estate 364

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 383

Retail Mortgage Loan Officers Brokerage 383

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 368

Loan Officers Mortgage Development Lending 368

Housing Wire

FEBRUARY 26, 2024

OneTrust Home Loans , a direct competitor of Newrez’s retail mortgage business, conspired with James Hecht, former Newrez executive vice president for national retail lending, to orchestrate the termination of several Newrez executives and have them join OneTrust, according to the suit filed Feb. 21 in the U.S.

Retail 406

Retail Legal Lending Business 406

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

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 409

Loan Officers Development Mortgage Real Estate 409

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

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 361

Mortgage Retail Lending Loan Officers 361

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology.

Retail 385

Retail Lending Design Technology 385

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. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. It won’t be easy.

Mortgage 399

Mortgage Retail Lending Sellers 399

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 363

Loan Officers Training Business Retail 363

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 367

Lending Retail Loan Officers Business 367

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

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 394

Lending Retail Mortgage Loan Officers 394

Housing Wire

APRIL 23, 2024

Expansive national footprint When asked if the renewed effort in the reverse lending channel would have more of a regional focus before expanding nationwide, Krajewski said that the intention is to offer reverse mortgages in each of the company’s offices across the country. “US US Mortgage is a national company.

Mortgage 333

Mortgage Loan Officers Investors Business 333

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. That’s why we started NAF Cash.

Loan Officers 402

Loan Officers Retail Clients Real Estate Agent 402

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

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. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels. 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 459

Loan Officers Retail Contracts Mortgage 459

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 359

Mortgage Loan Officers Retail Training 359

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. “Think of 2020 and 2021. .”

Mortgage 410

Mortgage Retail Loan Officers Business 410

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 375

Mortgage Loan Officers Retail Technology 375

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 418

Human Resources Mortgage Loan Officers Finance 418

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 352

Technology Logistics Government Retail 352

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 324

Retail Business Agents Loan Officers 324

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 387

Mortgage Training Loan Officers Lending 387

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 The retail lender originated $56.6

Mortgage 522

Mortgage Marketing Retail Lending 522

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

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. In July, the nonbank lender loanDepot sued rival CrossCountry for allegedly poaching dozens of high-performing loan officers from its New York branches. After his resignation at approximately 5:00 p.m.,

Loan Officers 380

Loan Officers Mortgage Retail Contracts 380

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 504

Buyers Agents Mortgage Real Estate Agent 504

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. Bryan Wright is the vice president of national sales and Cyndi Garza, the vice president of national business development, a new position created in the company.

Mortgage 328

Mortgage Loan Officers Retail Construction 328

Housing Wire

DECEMBER 1, 2020

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. Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative.

Loan Officers 212

Loan Officers Retail Training Design 212

Housing Wire

NOVEMBER 2, 2023

Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. Included in our education series is a course on how to source non-QM borrowers. This is an important one as many of our partners need guidance on where to find non-QM borrowers.

Investors 412

Investors Real Estate Lending Loan Officers 412

Housing Wire

MARCH 1, 2022

They mentioned Bolt, a platform launched in the third quarter of 2021 that sped up the clear-to-close time on conventional loans by an average of approximately five days. Regarding margins, Ishbia said retail lenders will see quite a bit of compression in 2022. Meanwhile, UWM is basically at the floor already. As of 9:50 a.m.

Retail 397

Retail Mortgage Loan Officers Development 397

Housing Wire

FEBRUARY 8, 2022

“And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”. We will be hiring retail guys that carry our flag through the Excelerate branches, but they’re not only in California,” Yoon added. It was kind of a no brainer, just low-hanging fruit.

Marketing 358

Marketing Retail Lending Mortgage 358