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 365

Loan Officers Legal Retail Finance 365

Housing Wire

MARCH 4, 2024

Guideline Buddy’s chatbot leverages generative AI technology to simplify the loan qualification process by providing swift and accurate information, freeing professionals from the time-consuming burden of sifting through extensive documentation, the firm said.

Loan Officers 402

Loan Officers Tools Design Technology 402

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

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Loan Officers Mortgage Finance Lending 381

Housing Wire

SEPTEMBER 14, 2023

High value is what we’re doing with Angel Ai: really calculating income, really reviewing documents, really running through tens of thousands of pages of federal and agency regulations and finding the best path. We have people reviewing documents to make sure that the OCR is correct. But high value? And AI can deliver that.

Loan Officers 420

Loan Officers Technology Mortgage Training 420

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 444

Loan Officers Human Resources Contracts Mortgage 444

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. In addition, DKMC will also withhold certain costs and fees, including early payoffs and early payment defaults, “that may occur after the termination when calculating the final compensation payment to the Loan Officer.“

Loan Officers 416

Loan Officers Human Resources Law Mortgage 416

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 434

Human Resources Mortgage Loan Officers Finance 434

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 417

Retail Loan Officers Legal Technology 417

Housing Wire

JANUARY 23, 2024

Product Fast Facts #1 Robust flagship LOS and mobile apps for borrowers, loan officers, correspondents, and brokers. Plus, standalone solutions for settlement agents, servicers, and document management. #2 From application through servicing, our platform drives efficiency and ensures compliance and scalability.

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Lending Architecture Loan Officers Tools 309

Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” . “It shocked everyone as no communications were sent out,” a former employee said.

Loan Officers 448

Loan Officers Lending Mortgage Insurance 448

Housing Wire

MAY 4, 2022

LoanSnap has unveiled a cloud-based portal called LoanFLow that will allow licensed brokers and loan officers in the U.S. The company says its new LoanFlow portal will allow originators to close loans in as little as 24 hours and in 15 days on average, the company said. to originate mortgages anywhere at any time.

Loan Officers 334

Loan Officers Technology Tools Training 334

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight.

Loan Officers 340

Loan Officers Real Estate Agent Technology Real Estate 340

Housing Wire

AUGUST 20, 2020

Other reports offered include trend, loan officer, and title/lender intersection reports that DataTrace said can be used to identify and compare relationships between title companies and lenders.

Loan Officers 475

Loan Officers Marketing Property Taxes Business 475

Housing Wire

OCTOBER 24, 2023

It also offers a native mobile application, which gives more flexibility to loan officers. Last September, Finastra announced another integration with LoanLogics, a mortgage loan quality automation provider. This integration enhances lender capabilities and facilitates document processing and income calculation.

Loan Officers 432

Loan Officers Retail Lending Marketing 432

Housing Wire

MARCH 8, 2022

With BeSmartee RealDeals, lenders can facilitate enhanced collaboration between borrowers, loan officers, realtors and other external agents for successful real estate transactions. Using one, powerful system of record, borrowers, loan officers and realtors will be able to easily communicate to check the progress of the loan. #2.

Loan Officers 354

Loan Officers Realtors Tools Agents 354

Housing Wire

JANUARY 8, 2024

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. ICE identified north of $300 million worth of opportunities for the company to go after which includes cross-selling data and document automation platform to the entire Black Knight’s mortgage servicing system.

Clients 417

Clients Investing Mortgage Technology 417

Housing Wire

OCTOBER 4, 2022

Users can also streamline cost estimates and documents mandated by the TILA-RESPA Integrated Disclosure Rule (TRID) such as the Loan Estimate (LE). This integration makes accurate fees available instantly from a sizable population of the title agent community,” Jim Paolino, the CEO of LodeStar, said in a statement.

Human Resources 439

Human Resources Loan Officers Insurance Tools 439

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 440

Retail Mortgage Loan Officers Construction 440

Housing Wire

JUNE 10, 2022

Loan officers, processors, and underwriters alike now have access to use Touchless Lending’s Optimized Workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry.

Loan Officers 371

Loan Officers Lending Retail Appraisal 371

Housing Wire

DECEMBER 15, 2023

” attorneys for Movement wrote in the document, which was filed on Dec. The company claims Summit, founded in 1995 by Scrima, “had fewer than 200 loan officers until Scrima engaged in a desperate and unlawful scheme to copy Movement’s successful business model.” 12 in the U.S.

Legal 405

Legal Loan Officers Retail Business 405

Housing Wire

SEPTEMBER 24, 2022

Caliber Home Loans , owned by publicly-traded Rithm Capital , issued pink slips to at least 300 employees earlier this week as soaring mortgage rates thin out already-declining origination volume. An internal document viewed by HousingWire details which jobs were eliminated as part of the reduction in force on Tuesday.

Loan Officers 435

Loan Officers Development Mortgage Finance 435

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 380

Contracts Loan Officers Legal Best Value 380

Housing Wire

DECEMBER 11, 2023

On the heels of regulatory pressure, Wells Fargo adjusted its policies in 2023 that would require hard documentation of competitive bids, sources told CNBC. Wells Fargo received the MRA from the CFPB a couple of months before the company announced it was scaling down its mortgage business in January.

Mortgage 456

Mortgage Lending Law Loan Officers 456

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. The event that strengthens bonds Ultimately, loan officers should aim to be a valuable partner to the real estate agents you work with.

Real Estate 402

Real Estate Real Estate Agent Loan Officers Agents 402

Housing Wire

APRIL 1, 2024

The document claims breach of the operating agreement, breach of fiduciary duties, unjust enrichment, and conversion, among others allegations. billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS).

Brokerage 389

Brokerage Business Loan Officers Legal 389

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 322

Tools Sellers Technology Loan Officers 322

Housing Wire

DECEMBER 21, 2022

The court quickly imposed a temporary restraining order to the case, which prohibited the former employees from using documents and mandated the return of the filings containing customer information that loanDepot claims they improperly took to CrossCountry. billion in business.

Legal 403

Legal Loan Officers Contracts Business 403

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 321

Loan Officers Architecture Real Estate Agent Clients 321

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 366

Marketing Loan Officers Business Mortgage 366

Housing Wire

APRIL 8, 2024

After analyzing millions of federal and state records, Hunterbrook Media estimates that 8,682 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, with a total value of at least $11.7 UWM’s parent company non-GAAP adjusted net loss was $57.1 million in 2023, compared to a profit of $719.4

Loan Officers 340

Loan Officers Business Mortgage Brokerage 340

Housing Wire

OCTOBER 12, 2022

plans to make a round of layoffs in late November that will affect 72 employees, according to a document filed with the state’s Employment Development Department. . billion in the last 12 months through 268 active loan officers and 75 branches, according to data from mortgage tech platform Modex. Summit originated $5.2

Human Resources 404

Human Resources Loan Officers Mortgage Development 404

Housing Wire

FEBRUARY 19, 2021

If you spot an issue on your final closing disclosures or your name is misspelled on your loan documents, it could delay your closing. As a first-time homebuyer, it’s critical to review any documents you receive from your lender right away. If there’s an error, report it to your loan officer as soon as possible.

Insurance 535

Insurance Loan Officers Housing Market Appraisal 535

Housing Wire

SEPTEMBER 22, 2022

Details on loan documents can have a big impact on homebuyers especially when it comes to making one of the most significant financial decisions, Arlyn Kalinski, vice president of LEP compliance at Guaranteed Rate said. Let’s take loan disclosures as a prime example.

Marketing 355

Marketing Tools Loan Officers Finance 355

Housing Wire

JANUARY 6, 2021

The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity. But the possibility of reduced future earnings is another key reason some refinance into a 15-year loan. Why head into retirement with a mortgage? Presented by: Citi.

Mortgage 528

Mortgage Loan Officers Real Estate Agent Realty 528

Housing Wire

MARCH 15, 2024

Older people have a well-documented preference to remain in their homes, but the sentiment around tapping home equity remains low, he recognized. “I I don’t think you can just look at today, you’ve got to look at how to help our loan officers be successful in growing their business.”

Loan Officers 396

Loan Officers Business Mortgage Clients 396

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. Lauren Witherspoon, director of human resources, wrote: “Circumstances will force Texana Bank to conduct layoffs,” taking place Sept.

Human Resources 353

Human Resources Loan Officers Construction Mortgage 353

Housing Wire

APRIL 25, 2023

The product can check for relevant loan details and document acceptability to identify and condition for large deposits or deposits from sources that are inconsistent with the loan application.

Lending 328

Lending Loan Officers Mortgage Investors 328