Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .”

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Loan Officers Mortgage Retail Lending 381

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. In his new role, Thompson will also be responsible for driving growth and expanding the company’s market presence while fostering relationships with real estate partners.

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Mortgage Renovations Loan Officers Retail 326

Housing Wire

MARCH 19, 2024

Others of you will say that is a great retention opportunity for my loan officers and the market will figure all this out,” Broeksmit added. Matthew VanFossen, CEO of the New Jersey-based lender, said in an interview that loan officers may start getting real estate licenses, and/or buyer agents may become licensed LOs.

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Loan Officers Real Estate Agent Real Estate Agents 480

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. On the non-QM side, only 3% of the market has been penetrated. But we’re heading into different segments of the ocean.

Loan Officers 364

Loan Officers Agents Retail Technology 364

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . Brokers can use the points for conventional, government and non-agency loans up to $1 million. . ” .

Loan Officers 437

Loan Officers Retail Real Estate Agent Government 437

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

Mortgage 362

Mortgage Loan Officers Government Buyers 362

Housing Wire

APRIL 1, 2024

While many proptech companies have struggled to adapt to the slower housing market conditions and challenging venture capital environment, Flyhomes is viewing this as a time to grow. While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry.

Loan Officers 343

Loan Officers Clients Mortgage Construction 343

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 383

Mortgage Loan Officers New Listings Government 383

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.

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Loan Officers Investors Mortgage Clients 392

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.

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Mortgage Loan Officers Investors Government 355

Housing Wire

OCTOBER 10, 2023

And the market has gotten much darker over the last few years. After six years of no enforcement actions and a rapidly declining housing market, RESPA attorneys believe some in the industry may be more willing to test the boundaries. “I The same happens with concert or sports tickets as a marketing opportunity.

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Real Estate Agent Loan Officers Real Estate Agents 402

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

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Marketing Law Government Mortgage 414

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. “A small offset or decline in home values, which we are starting to see, (…) can help that consumer who’s in the market for the first time,” Brown said.

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Housing Market Marketing Insurance Mortgage 410

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 438

Mortgage Loan Officers Inventory Business 438

Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Mortgage capital market operations are ripe for innovation. before it was acquired by ICE in 2020.

Technology 324

Technology Mortgage Loan Officers Clients 324

Housing Wire

OCTOBER 6, 2022

“The jumbo rates are offering an excellent opportunity in terms of where they are now compared to the conventional ones, especially jumbo ARMs,” a South Carolina retail loan officer told HousingWire. The government is trying to choke this off.”. Fannie Mae and Freddie Mac don’t have a lot of appetite right now.

Mortgage 352

Mortgage Marketing Loan Officers Retail 352

Housing Wire

MAY 22, 2024

It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve In a tough market, lots of folks look for silver bullets.

Mortgage 332

Mortgage Loan Officers Lending Business 332

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

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Investing Mortgage Lending Loan Officers 317

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

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Buyers Retail Loan Officers Insurance 341

Housing Wire

SEPTEMBER 7, 2023

At a time when affordability is constraining first-time buyers from entering the market and interest rates are still expected to climb, “it’s going to do nothing but hurt the potential buyer,” argued Michael Borodinsky, a vice president and branch manager at Caliber Home Loans.

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Buyers Agents Loan Officers Real Estate 373

Housing Wire

SEPTEMBER 13, 2022

“When business picks back up, we’ll revisit wholesale, but for now, to be proactive to the way the market is, it’s best that we stop our wholesale operation.” “Our industry is saturated with Realtors and loan officers. Like Point, other lenders face a shrinking mortgage market amid surging rates.

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Mortgage Loan Officers Retail Lending 322

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 341

Mortgage Real Estate Loan Officers Government 341

Housing Wire

MARCH 28, 2024

Lenders in a purchase money market, like the one we’re in now, are running a long-distance race. It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. A race is a useful analog for the mortgage business, especially as it relates to the refinance business.

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Mortgage Technology Tools Business 400

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

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Marketing Investors Technology Loan Officers 316

Housing Wire

MARCH 16, 2022

government.”. As interest rates rise and margins compress, the transition to a purchase market may also result in lowering defenses against cyberattacks. The post Purchase market could exacerbate mortgage lenders’ cybersecurity weak spots appeared first on HousingWire. “Escalating tension between the U.S.

Mortgage 359

Mortgage Marketing Lending Loan Officers 359

Housing Wire

SEPTEMBER 10, 2022

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance. At the end of 2018, the brokerage had 42 loan officers, but the total increased to just over 800 at the end of 2020.

Brokerage 403

Brokerage Loan Officers Retail Mortgage 403

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 324

Retail Loan Officers Mortgage Government 324

Housing Wire

FEBRUARY 1, 2023

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

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Construction Real Estate Agent Loan Officers Legal 393

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

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Marketing Retail Lending Mortgage 336

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 429

Lending Loan Officers Mortgage Government 429

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.

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Technology Government Logistics Retail 326

Housing Wire

JULY 19, 2022

Adjusting to today’s market can be dizzying after the last few years of historically low interest rates and high refinance business. We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales.

Mortgage 366

Mortgage Loan Officers Technology Real Estate 366

Housing Wire

FEBRUARY 28, 2023

However, amid a challenging mortgage market, monthly production fell from over $1.1 The company has 548 active loan officers and 379 branches, per the Modex data. According to its website, it includes a portfolio with fixed and adjustable rate mortgages (ARMs) and government loans, such as FHA, USDA and VA loans.

Lending 314

Lending Loan Officers Government Realtors 314

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 328

Mortgage Supply Chain Government Buyers 328

Housing Wire

JULY 29, 2022

Cuts were being made in back-office staff (71%), general and administrative expenses (66%) and loan officers (19%), according to the survey. billion in loan origination volume in 2021. “We Lenders that expanded even in a challenging origination market include Arizona lender Geneva Financial and Planet Home Lending.

Mortgage 374

Mortgage Loan Officers Lending Real Estate Agent 374

Housing Wire

JANUARY 24, 2023

The majority of its revenue comes from rents, set at market rates by using third-party data. Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, the lender offers conventional, government, adjustable-rate and non-qualified mortgages. Licensed in Washington, D.C.

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Tenants Loan Officers Finance Clients 318