Housing Wire

NOVEMBER 7, 2023

Government residential mortgage was an exception, where standards remained basically unchanged. of banks reported to have tightened standards on government residential mortgages, the report showed. A 40%-plus share of all surveyed banks said they saw weaker demand for all types of RRE loans.

Lending 467

Lending Mortgage Loan Officers Government 467

Housing Wire

SEPTEMBER 11, 2023

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 395

Loan Officers Agents Retail Technology 395

Housing Wire

JANUARY 11, 2023

. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the company said in a statement. . Brokers can use the points for conventional, government and non-agency loans up to $1 million. . ” .

Loan Officers 446

Loan Officers Retail Real Estate Agent Government 446

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 406

Loan Officers Human Resources Law Mortgage 406

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 410

Loan Officers Clients Mortgage Construction 410

Housing Wire

FEBRUARY 16, 2024

Braheem, former co-founder of Loan Toolbox — an online resource for training, tools, support and coaching — launched The Loan Atlas, a mortgage coaching platform, earlier this year with mortgage executives and top loan officers joining as faculty members.

Mortgage 406

Mortgage Marketing Loan Officers Training 406

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. A 40%-plus net share of all U.S.

Lending 369

Lending Mortgage Loan Officers Government 369

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

Loan Officers 407

Loan Officers Clients Design Insurance 407

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. . When will the market turn? .

Loan Officers 395

Loan Officers Investors Mortgage Clients 395

Housing Wire

JANUARY 30, 2024

Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 391

Investing Mortgage Lending Loan Officers 391

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. and government loans were up 13% last week, according to the MBA estimates. from the week prior.

Mortgage 383

Mortgage Loan Officers Investors Government 383

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Mortgage 395

Mortgage Loan Officers New Listings Government 395

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. At least one occupying borrower must be a first-time homebuyer, and the applicants must have an income at or below 80% of the county area median income (AMI).

Buyers 370

Buyers Retail Loan Officers Insurance 370

Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 395

Buyers Agents Loan Officers Real Estate 395

Housing Wire

APRIL 18, 2024

Giordano cited a survey demonstrating how certified financial planners (CFPs) had some positive attitudes about reverse mortgages as a planning tool, as well as the creation of model guidance language for broker-dealers and investment advisory firms to use in governing a planner’s interactions with reverse mortgage products.

Loan Officers 415

Loan Officers Tools Mortgage Government 415

Housing Wire

SEPTEMBER 13, 2022

“Our industry is saturated with Realtors and loan officers. Point Mortgage Corporation had 177 sponsored mortgage loan officers and licenses in 28 states by Sep. GoPointDirect, the wholesale division, also offered partners a mix of conforming and government loans. billion over the last 12 months.

Mortgage 368

Mortgage Loan Officers Retail Lending 368

Housing Wire

FEBRUARY 28, 2023

. “Patch has a long track record of working with real estate partners, this is why a partnership with a mortgage market leader with national scale as well as local loan officers around the country like New American Funding makes so much sense for us,” Figueroa said.

Mortgage 382

Mortgage Real Estate Loan Officers Government 382

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgage 469

Mortgage Lending Government Loan Officers 469

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. In industries where the government is just waiting for someone on your team or extended team to make a mistake, this doesn’t work as well. It’s the sprint that can really set lenders apart.

Mortgage 458

Mortgage Technology Tools Business 458

Eyes on Housing

FEBRUARY 12, 2024

According to the Federal Reserve Board’s January 2024 Senior Loan Officer Opinion Survey (SLOOS), lending standards loosened for all commercial real estate (CRE) loan categories and residential real estate (RRE) categories in the fourth quarter of 2023. Even though the federal funds rate remained unchanged, Read More ›

Real Estate 103

Real Estate Lending Loan Officers Government 103

Housing Wire

MARCH 4, 2022

And we are hoping that with this program, we will be able to attract more brokers to work with us,” Jeff Gillis, executive vice president for operations, strategy, and governance at CMS, told HousingWire. CMS focuses on government – Federal Housing Administration , Department of Veteran Affairs , and U.S.

Technology 369

Technology Government Logistics Retail 369

Housing Wire

FEBRUARY 28, 2023

The company has 548 active loan officers and 379 branches, per the Modex data. According to Messer, Prosperity started as a joint venture with Wells Fargo Ventures and Long & Foster Companies , and the company’s “entire DNA is strictly built out of purchase loans.”

Lending 377

Lending Loan Officers Government Realtors 377

Housing Wire

JANUARY 24, 2023

Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, the lender offers conventional, government, adjustable-rate and non-qualified mortgages. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS. Licensed in Washington, D.C.

Tenants 378

Tenants Loan Officers Finance Clients 378

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. And I’m so delighted. I’ve read them.

Mortgage 406

Mortgage Loan Officers Advertising Clients 406

Housing Wire

OCTOBER 10, 2022

“Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of the residential mortgage market.”. According to the mortgage data platform Modex , Angel Oak Home Loans originated a total volume of $2.44 of the volume consisted of conventional loans and 54.1%

Retail 389

Retail Loan Officers Mortgage Government 389

Housing Wire

FEBRUARY 9, 2023

The company said it has a full-service retail origination platform that originates agency, government and investor portfolio loans. Most of the originations were conventional and purchase loans. Most of the originations were conventional and purchase loans.

Mortgage 369

Mortgage Retail Loan Officers Lending 369

Housing Wire

JUNE 15, 2021

Cornerstone currently originates mortgage loans in 39 states, plus the District of Columbia. It typically does conventional, government mortgages and also has a jumbo product. billion in loans during the first quarter of 2021, good for 42nd nationwide in production volume. It funded $4.2 It funded $4.2 Roscoe, which has $212.6

Lending 437

Lending Loan Officers Mortgage Government 437

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 million for redlining practices, according to the federal government.

Lending 395

Lending Loan Officers Advertising Development 395

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Their research shows the U.S.

Mortgage 416

Mortgage Loan Officers Technology Real Estate 416

Housing Wire

JULY 29, 2022

Eliminated positions are mainly administrative positions and include processing, underwriting and closing jobs that are in less demand as loan origination shrinks. Cuts were being made in back-office staff (71%), general and administrative expenses (66%) and loan officers (19%), according to the survey.

Mortgage 383

Mortgage Loan Officers Lending Real Estate Agent 383

Housing Wire

FEBRUARY 1, 2023

While mortgage attorneys said the “Control your Price” initiative doesn’t appear to clearly cross the legal line, they raised compliance concerns — including rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts.

Construction 395

Construction Real Estate Agent Loan Officers Legal 395

Housing Wire

MAY 25, 2021

Loan officers, too, sometimes have reservations about government-financed loans. The anemic housing inventory , however, still poses a problem for any potential homebuyers who aren’t prepared to pay well over the asking price.

Finance 469

Finance Insurance Loan Officers Government 469

Housing Wire

FEBRUARY 3, 2023

The Lock ‘n’ Roll program is eligible for conventional and government fixed-rate loans, with the lock period being a minimum of 60 days, according to its website. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. billion.

Loan Officers 369

Loan Officers Buyers Contracts Mortgage 369

Housing Wire

MAY 1, 2024

He also works as vice president of field retail and director of government relations at Finance of America Reverse (FAR). Other accomplishments Norman’s 30-year mortgage career includes his start as a loan officer for Temple-Inland Mortgage Corp.

Mortgage 411

Mortgage Finance Loan Officers Retail 411

Housing Wire

MARCH 29, 2024

When it comes to government-backed reverse mortgages, there are certain product features that customers wish could be different, she said. “At I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more. We’re having so much inbound demand.’

Mortgage 447

Mortgage Finance Insurance Tools 447