Housing Wire

JANUARY 2, 2024

However, two former employees said the company communicated it’s shutting down its mortgage lending business. “They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” One of the former employees said the company may continue as a broker shop.

Loan Officers 413

Loan Officers Lending Mortgage Insurance 413

Housing Wire

OCTOBER 12, 2021

The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience hat would benefit both borrowers and servicers. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 320

Lending Technology Investing Loan Officers 320

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. Loan officers earn their income when they fund loans.

Loan Officers 383

Loan Officers Human Resources Law Mortgage 383

Housing Wire

OCTOBER 24, 2023

” Insellerate’s services work across all lending channels: retail , wholesale , TPO , consumer direct, recruiting and reverse. It also offers a native mobile application, which gives more flexibility to loan officers.

Loan Officers 397

Loan Officers Retail Lending Marketing 397

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. million in unpaid compensation.

Loan Officers 328

Loan Officers Legal Retail Finance 328

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Yes, a customer should be able to upload documents to a portal or receive a digital approval letter. Inventory is contracting. We’re not cavepeople.

Lending 309

Lending Marketing Technology Contracts 309

Housing Wire

JUNE 10, 2022

Touchless Lending. Touchless Lending is an AI-Powered Lending-as-a-service platform that provides end-to-end mortgage manufacturing. Touchless Lending integrates effortlessly with your existing systems, including the LOS, and automates loan production. Product Fast Facts. #1.

Loan Officers 342

Loan Officers Lending Retail Appraisal 342

Housing Wire

APRIL 14, 2021

Prior to integrating FactCheck, the lender used an Excel spreadsheet that the underwriter and or loan officer would have to key information into. This method also consumed valuable time for both underwriters and loan officers, and consequently, impacted the overall turn time of the loan. . “We

Lending 230

Lending Loan Officers Mortgage Business 230

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

Lending 451

Lending Mortgage Technology Business 451

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is able to “surround and extend” loan origination systems to provide a more efficient lending experience.

Lending 197

Lending Real Estate Agent Loan Officers Architecture 197

Housing Wire

SEPTEMBER 30, 2020

Technology has made many aspects of day-to-day life more seamless than ever, with instant, easy and personalized consumer experiences; however, lending is still difficult. The Origence Mortgage Platform is an end-to-end lending platform that puts the power of modern technology in lenders’ hands, enabling them to close more loans, faster.

Lending 196

Lending Modernization Mortgage Technology 196

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. It also says it processes, underwrites and funds loans in-house. More than 50 mortgage loan officers were let go.

Human Resources 399

Human Resources Mortgage Loan Officers Finance 399

Housing Wire

MARCH 30, 2023

A Worker Adjustment and Retraining Notification (WARN) filed with the New Jersey Department of Labor and Workforce Development shows the job cuts will affect mortgage loan officers, final “docs” associates, desktop support professionals and business solutions architects, among others. “As

Retail 384

Retail Loan Officers Legal Technology 384

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

Contracts 362

Contracts Loan Officers Legal Best Value 362

Housing Wire

AUGUST 31, 2020

Essentially, Bharadwaj said, intelligent automation is “extracting the data sitting inside of documents and direct-sourced data to apply those against rules to automate straight-through processing.”. The post Borrowers want consistency through the lending process – Here’s how to give them that appeared first on HousingWire.

Lending 406

Lending Technology Tools Training 406

Housing Wire

MARCH 20, 2023

on Monday announced that Frontwave Credit Union will now implement Empower, Black Knight’s cloud-based loan origination system, and its integrated solutions, for the expansion of its mortgage lending operations. Black Knight, Inc.

Tools 304

Tools Property Taxes Real Estate Agent Technology 304

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 406

Retail Mortgage Loan Officers Construction 406

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. The banks need bodies. There’s a lot of mortgages to be processed. Citizens is not alone. “People are out there, they’re looking for the best deal.”

Loan Officers 386

Loan Officers Retail Lending Contracts 386

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. The company claims that they close loans 13 days faster and enable their loan officers to close around 15% more loans per month. Are digital closings really worth it?

Technology 332

Technology Real Estate Agent Loan Officers Lending 332

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.

Technology 362

Technology Lending Valuation Mortgage 362

Housing Wire

JULY 25, 2022

5, according to the document reviewed by HousingWire. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Among depositary lenders, an example is Wells Fargo laying off 125 employees in its home lending division in Iowa by the end of August.

Human Resources 349

Human Resources Loan Officers Construction Mortgage 349

Housing Wire

SEPTEMBER 30, 2021

Borrowers, loan officers, and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is designed to deliver value to both borrowers and lenders–”from the point of thought of buying a house to the point of owning a home.” .

Loan Officers 300

Loan Officers Architecture Real Estate Agent Clients 300

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 371

Retail Loan Officers Brokerage Technology 371

Housing Wire

NOVEMBER 23, 2022

There’s no WARN Notice made public in Arizona, but the company has confirmed a document was filed with the state employment department. “I In Florida, where the WARN Notice brings more details, the company cut job positions related to the origination, such as a document coordinator and two senior loan coordinators.

Marketing 347

Marketing Loan Officers Business Mortgage 347

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 387

Mortgage Project Management Insurance Loan Officers 387

Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. RE/MAX and Motto were having trouble hiring experienced processors, so about four years ago they bought wemlo, which has a platform connecting mortgage brokers and loan originators to a processing network.

Marketing 377

Marketing Real Estate Agent Lending Real Estate 377

Housing Wire

MARCH 15, 2024

David Peskin, formerly from Senior Lending Network and Reverse Mortgage Funding (RMF), has purchased an ownership stake in top 10 reverse mortgage lender HighTechLending (HTL) and will lead the company’s new pursuits alongside co-owner and COO Erika Macias. Peskin spoke to RMD about the move.

Loan Officers 359

Loan Officers Business Mortgage Clients 359

Housing Wire

NOVEMBER 2, 2023

There is also growing demand for non-QM products from a banking sector that is taking note, presenting new opportunities where some banks see the need to sell loans they would traditionally hold as portfolio products. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers.

Investors 393

Investors Real Estate Lending Loan Officers 393

Housing Wire

FEBRUARY 12, 2024

While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier. AP: The CFPB continues to emphasize compliance with the CARES Act and other servicing regulations, particularly in areas like fair lending, fair servicing, and forbearance.

Mortgage 366

Mortgage Technology Inventory Lending 366

Housing Wire

JANUARY 19, 2023

That’s according to four former employees and company registration documents reviewed by HousingWire. The address that Beth Strauss listed on the incorporation documents is 610 Park Avenue, New York NY, which the Strauss’s are trying to sell for $26.5 Yet Strauss, who already has a $2.45 Michael Strauss’s Smart Rate?

Mortgage 395

Mortgage Investors Legal Loan Officers 395

Housing Wire

JUNE 28, 2023

Non-QMs generally have higher interest rates, resulting in higher borrower costs, and also lack the consumer protections that are in place for conforming loans. The non-QM space has more leeway to accept different types of documentation, such as bank statements and assets.

Real Estate Agent 352

Real Estate Agent Insurance Lending Real Estate 352

Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J.

Loan Officers 402

Loan Officers Modernization Finance Housing Market 402

Housing Wire

MAY 4, 2022

It comes after the Federal Reserve announced Wednesday an additional hike in interest rates , a much anticipated move by nervous lenders, many of whom are laying off loan officers in droves. Reports that the Jacksonville-based mortgage lending software and analytics provider Black Knight was exploring a sale became public in April.

Loan Officers 433

Loan Officers Mortgage Lending Technology 433

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. With higher-risk loans like non-QM, the need for optimization needs to be underscored from the outset to avoid costly mistakes.

Lending 370

Lending Investing Loan Officers Design 370

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 412

Lending Law Loan Officers Clients 412

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.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

MARCH 8, 2021

First, mortgage lending is highly volatile. It also makes it difficult for lending teams to staff appropriately for volume fluctuations. RS: If there is one thing the pandemic exposed, it’s that the mortgage lending industry is heavily reliant on its processes. We expect 2020 – 2021 to be the sixth in the series.

Technology 323

Technology Lending Loan Officers Development 323