Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The acquisition will bring a majority of DKMC’s loan originators as well as operations and support staff to NAF and enables NAF to fill existing open roles in various departments with experienced personnel from DKMC,” NAF stated in a news release.

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Loan Officers Human Resources Law Mortgage 410

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. They are staying busy relative to the market,” Ullmann said.

Loan Officers 441

Loan Officers Mortgage Finance Buyers 441

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing. Still, it was better than nothing.

Loan Officers 458

Loan Officers Clients Law Legal 458

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 431

Loan Officers Tools Business Clients 431

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. However, successful agents and loan officers navigate fear at an unusually fast pace.

Real Estate 432

Real Estate Agents Loan Officers Marketing 432

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. But the crux of the commissioner’s findings focuses on unlicensed origination activities.

Loan Officers 409

Loan Officers Mortgage Finance Lending 409

Housing Wire

APRIL 24, 2024

Engagement team goals Schmidt explained that, considering the size of the reverse mortgage business relative to the forward side, finding a way to bring the broader community of loan originators into the fold is a priority. “I Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

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Mortgage Loan Officers Training Business 420

Housing Wire

MARCH 29, 2024

Anna Frankowska As retirements become longer and there is additional pressure to find adequate retirement financing tools, Frankowska discovered the reverse mortgage product concept and found it to be a potential solution. Reverse mortgage findings When asked about how European and U.S. But she has a lot of family living in the U.S.,

Mortgage 458

Mortgage Finance Insurance Tools 458

Housing Wire

JANUARY 23, 2024

Smart Underwrite allows lenders to digitally analyze and interpret all essential loan data and documentation the moment they are received. The mortgage tech firm subsequently spun off as a separate company after finding quick success with the deployment of its technology solutions.

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Technology Mortgage Business 421

Housing Wire

OCTOBER 9, 2023

The free app, which officially launches Tuesday, allows users to price out mortgages, personal loans and other finance products that Guaranteed Rate offers, but there’s a twist: users can also access financial, physical and mental health resources to help them “live their best lives.” Ciardelli told HousingWire.

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Loan Officers Mortgage Technology Realtors 421

Housing Wire

MARCH 28, 2024

According to the DOL, the company terminated two California-based employees after they reported to a regional manager and the vice president of Human Resources that a branch manager pressured them to pass on fees to loan applicants caused by internal processing delays. mortgage lender in 2023. billion last year, a 35% decline from 2022.

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Human Resources Legal Fees Loan Officers Retail 431

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform. “A

Loan Officers 421

Loan Officers Mortgage Buyers Inventory 421

Housing Wire

MARCH 14, 2024

Lisa Moriello “Any loan officer can run a report in their own database to calculate when someone’s date of birth hits that prime age [for a reverse mortgage],” Moriello said. 1, the limit for HECM loans was increased to $1,149,825 by the Federal Housing Administration (FHA). 2024 HECM limit On Jan.

Mortgage 421

Mortgage Clients Loan Officers Tools 421

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As The wholesale lender called the accusations a “sham.” Escue, Billy R.

Loan Officers 458

Loan Officers Mortgage Business Retail 458

Housing Wire

SEPTEMBER 12, 2023

Shannon Hoff, a California-based branch manager at American Pacific Mortgage (APM), finds herself both enthusiastic and cautious as she assesses the prospects of the mortgage market in the coming year. “Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. trillion or $1.7

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Loan Officers Investors Mortgage Clients 397

Housing Wire

APRIL 17, 2024

The scope of this failure is glaring, comprising 36 percent of all existing HECM loans at the time. Ginnie Mae had no choice but to take the loans as collateral.” When asked about the interaction, Tozer said he was satisfied that the senator’s office understood his concerns. Following the submission of a letter by Indiana Sen.

Mortgage 428

Mortgage Finance Buyers Business 428

Housing Wire

FEBRUARY 27, 2024

After World War II, the GI Bill provided veterans benefits, including home loans. If you want a high return, you’re more likely to find it in portfolios of distressed assets and REOs. February is almost over, but it’s not too late to say that it is a very important month, especially for 50 million Black Americans.

Real Estate 432

Real Estate Investors Business Lending 432

Housing Wire

MAY 26, 2022

With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year. With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year.

Loan Officers 397

Loan Officers Finance Technology Insurance 397

Housing Wire

APRIL 9, 2024

In a message to mortgage brokers, United Wholesale Mortgage (UWM) defended itself from the Hunterbrook Media report that claims the lender orchestrated a scheme to steer loans. Hunterbrook also claims that borrowers paid in UWM loans a total of $229 million more in closing costs over the past four years than the average-priced loan.

Legal 441

Legal Brokerage Mortgage Loan Officers 441

Housing Wire

MAY 4, 2023

Pontiac, Michigan-based United Wholesale Mortgage (UWM) announced on Wednesday that its brokers can request a dedicated loan coordinator, adding a level of loan processing support when needed. In addition, UWM announced brokers can also connect their loan origination platform to the lender’s system.

Loan Officers 384

Loan Officers Clients Mortgage Business 384

Housing Wire

OCTOBER 5, 2022

ATTOM, a curator of real estate land and property data, on Wednesday announced that its platform has integrated loan originator data from the Nationwide Multistate Licensing System & Registry (NMLS). The dataset reveals loan origination activities by product, loan amount, loan officer and competitor, the company said.

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Property Taxes Loan Officers Real Estate Clients 370

Housing Wire

FEBRUARY 12, 2024

Furthermore, the average consumer is likely unaware of the variety of loan options available to them through the wholesale channel. Find something to connect with them on and extend the relationship past the transaction. When are interest rates going to come down? Where should mortgage rates be before I buy or refinance my home?

Mortgage 458

Mortgage Clients Business Marketing 458

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. This interview has been edited for length and clarity. Pavan Agarwal: I think the mortgage industry is captivated by ChatGPT.

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Loan Officers Technology Mortgage Training 410

Housing Wire

AUGUST 22, 2022

Kudos to the Loan Officers who have found a way to transition from the refinance boom of 2020 — 2021 and into the purchase market of 2022. How can you find a way to better center yourself mentally during a slower market? Find a new hobby that you enjoy or pick up an old hobby. Stand on your porch and breath the fresh air.

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Loan Officers Lending Marketing Real Estate 370

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. The survey showed that a net 33.3% of banks reported weaker demand for HELOCs.

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Lending Mortgage Loan Officers Government 370

Housing Wire

MARCH 27, 2024

The larger goal When asked why the company was interested in expanding its presence in the reverse space, Milner said it came down to both finding the right person for the job and determining the best course through a challenging period for the entire mortgage business.

Business 432

Business Mortgage Loan Officers Training 432

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We of all loan types, data from tech mortgage platform Modex showed.

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Lending Realtors Real Estate Agent Mortgage 370

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. With rates around 6.9% Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. versus a 6.5%

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Loan Officers Clients Buyers Sellers 384

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. You should be finding buyers before real estate agents anyway.”

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

MAY 2, 2024

Non-QM mortgages include loans that cannot be purchased by Fannie Mae or Freddie Mac. The housing market has been on a topsy-turvy roller-coaster ride in recent years that has been particularly neck wrenching since this past fall, fueled by stubbornly high inflation and a still-strong jobs market.

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Marketing Mortgage Investors Sellers 429

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. They come in the forms of grants, second mortgages, deferred loans and forgivable loans.

Mortgage 450

Mortgage Buyers Loan Officers Sellers 450

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. Mark Glebman, Caliber Home Loans. And it’s going to get worse. higher than last year.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

Housing Wire

JANUARY 7, 2022

Pink slips arrived for nearly three dozen loan officers at Wyndham Capital Mortgage on Wednesday, HousingWire has learned. The consumer direct mortgage lender, headquartered in Charlotte, North Carolina, said it laid off 35 LOs across its offices in Dallas, Charlotte, Salt Lake City, Kansas City, and Phoenix.

Mortgage 410

Mortgage Loan Officers Retail Advertising 410

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). However, opportunity remains in today’s housing market for those willing to find it. The manner in which companies empower these front line producers could make all the difference.

Loan Officers 410

Loan Officers Technology Lending Tools 410

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

AUGUST 25, 2022

Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? A part of the Women of Influence Forum, this workshop is perfect for new loan officers, especially women new to the industry, to gain confidence in their position. HW Annual is the place for you.

Loan Officers 384

Loan Officers Mortgage Housing Market Real Estate 384

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? Our company was born out of the financial crisis to provide non-QM loan solutions for underserved borrowers such as self-employed.

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Lending Loan Officers Training Investors 384