Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 355

Loan Officers Tools Business Clients 355

Housing Wire

MARCH 6, 2024

Sagent’s solutions include Loanserv, a servicing system of record powering collections, accounting, escrows, investor management and customer care; Tempo, a default management system of record powering loss mitigation, foreclosure and bankruptcy; and Account Connect, a customer care and retention system. billion in volume, an increase of 19.9%

Loan Officers 330

Loan Officers Retail Tools Investors 330

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 330

Loan Officers Mortgage Real Estate Agent Business 330

Housing Wire

MARCH 28, 2024

of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgage 411

Mortgage Brokerage Loan Officers Business 411

Housing Wire

JANUARY 3, 2024

The WARN Notice shows that the workforce reduction includes 10 loan officers , senior app developers and vice presidents of app development, talent sourcing and sales manager. Expected separation dates for the affected employees were either December or January. 15 and reviewed by HousingWire. Pennymac had originated more than $72.3

Loan Officers 359

Loan Officers Development Investors Finance 359

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Also in 2021, Rocket decided it needed to have some loan officers on the ground who are in close contact with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 354

Loan Officers Retail Real Estate Agent Real Estate 354

Housing Wire

MAY 25, 2021

The bill would allow borrowers to finance up to 100% of the acquisition price. Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

Finance 464

Finance Insurance Loan Officers Government 464

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. MW: Non-QM provides a source of financing solutions that caters towards homeownership of a growing population of underserved borrowers in the United States.

Investors 383

Investors Real Estate Lending Loan Officers 383

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. billion, according to offering documents. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

Housing Market 383

Housing Market Marketing Contracts Finance 383

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 356

Mortgage Loan Officers Clients Housing Market 356

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgage 289

Mortgage Investors Investing Technology 289

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. Finance of America shares traded at $1.46

Mortgage 342

Mortgage Finance Retail Business 342

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

Valuation 375

Valuation Loan Officers Investors Finance 375

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. ” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% “Wholesale is growing.

Retail 365

Retail Loan Officers Landlords Lending 365

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. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 388

Mortgage Loan Officers Finance Investors 388

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. Conventional loans. A conventional loan is a smart way to finance an income-earning property. Hard money loans. A third option is a hard money loan — essentially just short-term financing from a private lender or investor.

HOA 457

HOA Finance Investing Loan Officers 457

Housing Wire

APRIL 17, 2023

Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly and in the most cost-efficient manner possible.

Loan Officers 310

Loan Officers Investors Valuation Real Estate 310

Housing Wire

AUGUST 25, 2023

Through its origination business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ” The expectation is that refis will go down even further this year. ”

Mortgage 522

Mortgage Loan Officers Insurance Investors 522

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. Founded in 2015, Trussle has raised £26.7m ’s $1.5 We researched the U.K.

Brokerage 369

Brokerage Mortgage Loan Officers Finance 369

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

Mortgage 367

Mortgage Retail Finance Investors 367

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The company has 1,810 loan officers and 482 branches, Modex data shows. . ” . . A top-25 U.S. So we have a strong balance sheet.

Loan Officers 382

Loan Officers Retail Business Mortgage 382

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 361

Mortgage Loan Officers Retail Technology 361

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. There’s no question that 2022 has seen serious changes to the housing market. Why partner with Newrez?

Lending 363

Lending Investing Loan Officers Design 363

Housing Wire

AUGUST 17, 2023

According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. At Mortgage News Daily on Thursday morning, the 30-year fixed rate for conventional loans was 7.34%, up 29 basis points from the previous week.

Mortgage 337

Mortgage Supply Chain Government Buyers 337

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans.

Lending 324

Lending Loan Officers Real Estate Mortgage 324

Housing Wire

APRIL 6, 2023

The Department asked about Strauss’ background, including previous companies and lawsuits, and requested information on the Smart Rate owner’s experience with real estate finance. “In At Sprout, Strauss struggled to sell loans in the secondary market that were originated at 2-4% when investors were asking for more premiums.

Investors 280

Investors Mortgage Insurance Real Estate 280

Housing Wire

FEBRUARY 10, 2023

They would take a line of credit or an equity loan or a personal loan. The only refis we’ve seen are either late financing type refis or a divorce situation, [and] literally nothing else. Kechian : Individual loan officers mostly, [and] no other teams besides mine. I do see that changing, though. billion in 2021.

Marketing 355

Marketing Inventory Loan Officers Buyers 355

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. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology.

Lending 381

Lending Valuation Clients Tools 381

Housing Wire

APRIL 30, 2021

“No one system today can handle pricing across the entire life of the loan,” Soukoulis said. In 2021, SitusAMC, a provider of technology and services to the real estate finance industry, acquired ReadyPrice, a mortgage technology company that connects mortgage loan originators (MLOs) and lenders to streamline loan origination.

Mortgage 302

Mortgage Technology Investors Lending 302

Housing Wire

APRIL 25, 2023

Touchless Lending Asset Analysis will identify, calculate, then determine borrower eligibility and derive qualified income across bank statements based on the investor or program-specific requirements,” Hemanthkumar Jambulingam , director of fintech product management at Tavant, said.

Lending 300

Lending Loan Officers Mortgage Investors 300

Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. A not insignificant component of HomeSmart’s finances is what is funneled to, and from, Widdows. million net loss, according to the filing.

Brokerage 396

Brokerage Agents Real Estate Loan Officers 396

Housing Wire

JUNE 15, 2022

After that initial period ends, rates adjust periodically based on a benchmark or index, such as the Secured Overnight Financing Rate, known as SOFR, based on actual transactions in the Treasury repurchase market. It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 356

Mortgage Loan Officers Bracketing Investors 356

Housing Wire

SEPTEMBER 15, 2020

Digital notary platform Notarize also closed on a $35 million Series C round of funding in March, raising a total of $82 million with investments from real-estate focused venture capital firm Camber Creek , Boston-based Polaris Partners , and other existing strategic investors.

Business 455

Business Law Real Estate Investors 455

Housing Wire

JULY 13, 2021

OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. Guaranteed Rate, on the other hand, is among the few top-15 lenders that’s not publicly traded, despite having well-heeled institutional investors like Blackstone Group. Compass stock traded at $13.45

Brokerage 293

Brokerage Real Estate Agents Clients 293