Housing Wire

SEPTEMBER 16, 2022

Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Loan Officer Leadership. 10 Loans a Month. The Loan Officer Podcast. Housing News.

Loan Officers 410

Loan Officers Mortgage Lending Modernization 410

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 378

Lending Finance Loan Officers Legal 378

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 368

Loan Officers Retail Real Estate Agent Real Estate 368

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. Many are curious about buydowns but we are currently operating in what is still a seller’s market so not seeing many seller-funded buydowns,” a loan officer in Boston noted.

Mortgage 354

Mortgage Marketing Loan Officers Real Estate Agent 354

Housing Wire

AUGUST 23, 2023

The second round of layoffs this month mostly affected non-tech workers and included its vice president of creative, an operations training manager and a human resources director. Loan officers were let go in August as well, according to former employees. Guaranteed Rate originated $10.6 market share, IMF data showed.

Human Resources 284

Human Resources Loan Officers Project Management Training 284

Housing Wire

OCTOBER 10, 2022

We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In According to the mortgage data platform Modex , Lower originated a total volume of $5.66

Retail 393

Retail Loan Officers Modernization Training 393

Housing Wire

AUGUST 31, 2022

From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. For instance, an applicant with an initial credit score of 640 who is looking to finance $300,000 over 30 years would qualify for an interest rate of 6.13%, making monthly payments $1,823.

Mortgage 349

Mortgage Clients Loan Officers Finance 349

Housing Wire

SEPTEMBER 27, 2023

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. Ultimately, other banks received four times more loan applications each year in these minority neighborhoods than Washington Trust.

Advertising 418

Advertising Loan Officers Lending Training 418

Housing Wire

NOVEMBER 2, 2023

MW: Non-QM provides a source of financing solutions that caters towards homeownership of a growing population of underserved borrowers in the United States. Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. HW: What are the strengths of the non-QM sector?

Investors 427

Investors Real Estate Lending Loan Officers 427

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 366

Mortgage Loan Officers Retail Training 366

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 397

Mortgage Loan Officers Finance Investors 397

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. According to data from Inside Mortgage Finance , New American Funding originated $9.1

Human Resources 421

Human Resources Loan Officers Mortgage Training 421

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 381

Mortgage Loan Officers Retail Technology 381

Housing Wire

JANUARY 14, 2022

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If If you’re willing to learn and you’re coachable and trainable, that works too.”.

Lending 368

Lending Loan Officers Real Estate Mortgage 368

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. over the past 12 months to 6,121.

Mortgage 369

Mortgage Loan Officers Lending Business 369

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. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

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 401

Marketing Real Estate Agent Lending Real Estate 401

Housing Wire

JUNE 6, 2022

of market share in 2021, according to data from Inside Mortgage Finance. Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices.

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

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.

Lending 391

Lending Investing Loan Officers Design 391

Housing Wire

MAY 6, 2022

First, it is true that margins continue to be compressed in the conforming market primarily due to rising rates and increased financing costs. All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Yes, we offer training and webinars. We have in-house underwriters.

Marketing 357

Marketing Lending Loan Officers Training 357

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 449

Real Estate Agent Loan Officers Real Estate Agents 449

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 148

Construction Loan Officers Training Lending 148

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

Genworth MI Blog

FEBRUARY 29, 2024

As a hopeful homeowner, it’s important borrowers understand how these condition concerns could impact their finances down the line – help educate your borrowers during this process. More ways we can help We offer underwriting services , along with training resources , to help you understand the nuances of navigating the appraisal review.

Appraisal 88

Appraisal Inspection Training Real Estate 88

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. LOs often lose focus during CE classes, he told HousingWire. Cutting class.

Loan Officers 378

Loan Officers Law Training Lending 378

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 430

Business Mortgage Loan Officers Inventory 430

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 78

Construction Loan Officers Training Lending 78

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. 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.

Loan Officers 414

Loan Officers Mortgage Lending Real Estate Agent 414

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

JANUARY 10, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000. Leonhardt said that AmCap employees will participate in a two-week training program at CCM, with the integration expected to be complete in 45 to 60 days.

Retail 384

Retail Mortgage Loan Officers Training 384

Housing Wire

JULY 25, 2023

What does the top-producing lending officer (LO) in the country have to say to other mortgage lenders? More critical than training on skills is training on having a strong mindset,” said Matt Weaver. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Weaver is the No.

Real Estate Agent 290

Real Estate Agent Mortgage Real Estate Training 290

Housing Wire

JUNE 7, 2021

As a candidate, Biden’s campaign said he would “establish a national standard for housing appraisals” to ensure that appraisers are adequately trained, understand the neighborhoods in which they work and “do not hold implicit biases” that influence their work. We see this in employment, from service providers, education, health care and more.

Appraisal Process 473

Appraisal Process Appraisal Decorating Valuation 473

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. Though not necessarily to buyers with financing.

Housing Market 437

Housing Market Marketing Brokerage Real Estate 437

Housing Wire

OCTOBER 20, 2023

Show off your lending expertise Help buyers navigate this stressful part of the home purchasing process by breaking down the different types of loans and financing terms out there. Shout out businesses you work with People are always looking for recommendations from expert sources, so share yours!

Real Estate 392

Real Estate Agents Real Estate Agent Clients 392

AmeriMac

MARCH 15, 2024

The HVCC was a set of appraisal guidelines created by Freddie Mac, Fannie Mae, the Federal Housing Finance Agency (FHFA), and the New York Attorney General. Loan officers can focus on other aspects of the loan origination process, knowing that the appraisal process is being handled by qualified professionals.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

APRIL 13, 2022

Because of the disconnect between traditional underwriting and how underserved households manage their finances, many mortgage lenders are not accurately assessing credit risk. Some communities are not equitably served because lenders say they are unable to recruit and hire minority loan officers who reside in these communities.

Insurance 383

Insurance Construction Government Lending 383