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 400

Lending Investing Loan Officers Design 400

Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. Who’s got time for that when the fish are jumping into the boat? It’s not a direct revenue center.

Training 398

Training Lending Loan Officers Technology 398

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. 375% below the market.”

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. It was kind of a no brainer, just low-hanging fruit.

Marketing 370

Marketing Retail Lending Mortgage 370

Housing Wire

MARCH 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. .” ” Jacobson added that, “As an originator, I would never sign that document.

Real Estate Agent 386

Real Estate Agent Retail Real Estate Design 386

Housing Wire

AUGUST 7, 2020

In a HousingWire webinar , Lyman and Kelly Gill, VP of marketing and advertising for Motto Franchising, emphasized that lending operations need to shift their focus for the rest of 2020 from growth to profitability. One of the drivers for a pivot to profit is that loans are expensive. Drive internal technology adoption.

Technology 386

Technology Tools Loan Officers Business 386

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. 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.

Lending 400

Lending Real Estate Agent Loan Officers Retail 400

Housing Wire

FEBRUARY 29, 2024

Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said. Fair lending concern To start, here’s how pricing exceptions work.

Loan Officers 435

Loan Officers Mortgage Lending Real Estate Agent 435

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.”

Real Estate Agent 455

Real Estate Agent Real Estate Agents Lending 455