Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. We keep our ears to the ground and are always ready to pivot, find a solution and develop technologies our clients need to have a competitive edge.”.

Mortgage 317

Mortgage Real Estate Agent Clients Tools 317

Housing Wire

JUNE 5, 2023

More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 361

Mortgage Retail Lending Loan Officers 361

Housing Wire

AUGUST 11, 2022

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 370

Lending Finance Loan Officers Legal 370

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 17, 2024

They are able to maximize their cash investment on a new home and more comfortably afford an upscale home or a property in a more desirable location — whether it be closer to family or in a luxury housing development with additional amenities. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 448

Finance Real Estate Agent Real Estate Insurance 448

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. I think 99% of the loans that I was writing there were refinances. The firm told HousingWire that it had originated $1.65

Mortgage 359

Mortgage Loan Officers Retail Training 359

Housing Wire

SEPTEMBER 2, 2020

The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

Training 376

Training Loan Officers Development Mortgage 376

Housing Wire

JUNE 30, 2021

The no-cost solution allows brokers to submit applications, price out loans, eSign documents and helps make the experience smoother for borrowers and real estate agents. The company also offers both onsite and virtual Success Track training for loan officers, processors and broker owners. Mat Ishbia, President and CEO.

Tools 306

Tools Training Technology Clients 306

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

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. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

Mortgage 438

Mortgage Technology Tools Business 438

Housing Wire

OCTOBER 22, 2020

Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. The analysis may expose training needs for respective production teams. But training and trainers must have content. Run a spreadsheet by LO, branch and region.

Mortgage 412

Mortgage Training Contracts Loan Officers 412

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

MARCH 15, 2023

The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. In its development, it was trained using 2021 data, so it often includes outdated or factually inaccurate information in its generated content. ChatGPT was launched in November 2022 by OpenAI.

Tools 347

Tools Training Business Development 347

Housing Wire

FEBRUARY 11, 2022

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. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 395

Marketing Real Estate Agent Loan Officers Advertising 395

Housing Wire

NOVEMBER 2, 2023

Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM. Included in our education series is a course on how to source non-QM borrowers.

Investors 412

Investors Real Estate Lending Loan Officers 412

Housing Wire

JUNE 10, 2022

Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 391

Marketing Real Estate Agent Lending Real Estate 391

Housing Wire

AUGUST 7, 2020

The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So So really, it’s a team effort, the reason we got to where we’re at is because of the team involved behind it.

Retail 369

Retail Mortgage Loan Officers Marketing 369

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said.

Human Resources 421

Human Resources Loan Officers Mortgage Training 421

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. billion in the last 12 months.

Mortgage 368

Mortgage Loan Officers Lending Business 368

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. There are thousands of loan officers out there.

Loan Officers 350

Loan Officers Business Clients Training 350

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

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. Diagnosing low H4P uptake. of all endorsements in 2021. Harlan Accola. One of our 10 values is speed.

Business 353

Business Real Estate Agent Real Estate Loan Officers 353

Housing Wire

AUGUST 31, 2020

The third type of automation included in Indecomm’s continuum is supervised automation, which involves human oversight for the ongoing training of machine learning algorithms and engines and exception processing to handle fall-outs from any automation effort. That is where supervised automation comes in.”. State of Mortgage Automation.

Lending 410

Lending Technology Tools Training 410

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. Time and training. ” Just a little less vanilla. ” Tapping that equity. It takes time.

Mortgage 396

Mortgage Loan Officers Finance Investors 396

Housing Wire

JUNE 30, 2021

And while the home buying process can be stressful and time-consuming for the borrower and the loan officer, PCV Murcor prides itself on always keeping the borrower in mind. Everyone who works at PCV Murcor is trained knowing we are all in this together.”.

Clients 384

Clients Valuation Real Estate Appraisal 384

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officers 369

Loan Officers Training Development Technology 369

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 421

Lending Loan Officers Business Investors 421

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 358

Lending Law Legal Training 358

Realtor

FEBRUARY 13, 2023

If it looks like you might qualify for a direct loan, then the next step would be to find your local Rural Development office. Direct loans are financed through the USDA itself, so that means applicants must submit all of their paperwork directly through the appropriate Rural Development contact.

Development 156

Development Loan Officers Appraisal Finance 156

Housing Wire

FEBRUARY 8, 2022

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 For Excelerate, another adaptation is to find ways to build liquidity for its expanding non-QM loan pipeline.

Marketing 358

Marketing Retail Lending Mortgage 358

Housing Wire

APRIL 16, 2024

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%

Real Estate Agent 435

Real Estate Agent Loan Officers Real Estate Agents 435

Housing Wire

APRIL 10, 2024

Debbie launched the marketing campaign for “A Seat at the Closing Table,” designed to train loan officers on the nuances of working with underserved borrowers and to offer toolkits and templates that will help them close more loans in minority communities.

Marketing 355

Marketing Loan Officers Real Estate Training 355

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. “They’re doing the same exact training every single year, ” he said. These 400 loan officers are just the ones that got caught in a specific scam.

Loan Officers 369

Loan Officers Law Training Lending 369

Genworth MI Blog

JULY 13, 2023

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.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 386

Lending Real Estate Agent Loan Officers Retail 386

Housing Wire

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Those include collaborative communications (Realtor to closing officer; loan officer to escrow assistant, etc.) The loan officer might send something via encrypted email.

Loan Officers 384

Loan Officers Agents Realtors Clients 384

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

You might be a home owner, a mortgage loan officer or even an appraisal management company. Most people, including appraisers, use the same templates and website developers to build their websites. This training is expensive and some appraisers skip this education to save money if they are not doing mortgage work.

Appraisal 60

Appraisal Appraisal Process Loan Officers Inspection 60