Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It appears that securitization market has arrived.

Housing Market 385

Housing Market Marketing Contracts Finance 385

Housing Wire

JANUARY 18, 2023

“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. Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said.

Housing Market 420

Housing Market Marketing Insurance Mortgage 420

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 367

Loan Officers Technology Lending Tools 367

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. I think it’s already priced in the market.”.

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Housing Market Marketing Loan Officers Buyers 301

Housing Wire

SEPTEMBER 5, 2023

Despite difficulties in the mortgage market at large, non-QM lenders are seeing growth and opportunity. The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We We are not seeing a similar volume trajectory as the agency market.” We increased our liquidity and found more buyers for our loans.

Marketing 332

Marketing Loan Officers Lending Brokerage 332

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

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Loan Officers Brokerage Real Estate Lending 243

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. It’s no longer about just outlasting a bad market for a couple of months. “I I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. “I

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Loan Officers Mortgage Buyers Finance 403

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

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Loan Officers Mortgage Inventory Clients 389

Housing Wire

SEPTEMBER 7, 2022

Setting your sights on the future is important for any business owner, agent or loan officer looking to find success in the ever-changing housing market. The Future of Marketing panel on Oct. The Future of Lending sponsored session on Oct. This session is sponsored by Sales Boomerang.

Loan Officers 403

Loan Officers Advertising Technology Realty 403

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.

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Loan Officers Clients Mortgage Construction 356

Housing Wire

SEPTEMBER 11, 2023

The lender has about 80 loan officers and aims to hire up to 100 in states. The market is retracting but it’s the best time to build,” Watanasuparp said. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals.

Loan Officers 373

Loan Officers Agents Retail Technology 373

Housing Wire

OCTOBER 3, 2023

Headquartered in Roswell, Georgia, Onward Home Mortgage specializes in residential purchase mortgage lending and has a presence in the greater Georgia and Alabama areas. It is part of the Newrez Ventures platform. A joint venture typically ramps up faster than a traditional mortgage company.

Real Estate Agent 382

Real Estate Agent Mortgage Realty Loan Officers 382

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

Loan Officers 441

Loan Officers Lending Mortgage Housing Market 441

Housing Wire

OCTOBER 6, 2022

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. During the week ending Sept. 30, mortgage applications decreased 14.2%

Mortgage 364

Mortgage Real Estate Loan Officers Brokerage 364

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. But for loan professionals, relief doesn’t pay the bills. million to 1.93

Mortgage 378

Mortgage Loan Officers Inventory Retail 378

Housing Wire

AUGUST 22, 2022

Well, here we are rounding out another spring and summer market. 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. Brush up on your company’s lending guidelines or dive into market conditions and economic data that drives your market.

Loan Officers 360

Loan Officers Lending Marketing Real Estate 360

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. Modernizing origination to stay competitive in today’s housing market.

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Loan Officers Modernization Finance Housing Market 397

Housing Wire

MAY 26, 2022

As 2022 proves to be a challenging year for the housing market, lenders are looking to take advantage of potential downtime by improving their internal processes. The conventional 30-year mortgage rate would have to be in the mid- to high-5% range for the ARM to be in the high-3% range,” said a loan officer in Washington.

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Loan Officers Housing Market Mortgage Buyers 388

Housing Wire

NOVEMBER 10, 2022

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve.

Mortgage 363

Mortgage Loan Officers Lending Business 363

Housing Wire

MARCH 23, 2022

As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. Click here to nominate someone you know — it can even be you!

Finance 267

Finance Loan Officers Lending Housing Market 267

Housing Wire

SEPTEMBER 29, 2022

The Future of Lending is here Today. In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business. If you don’t have the best technology platforms, you are losing loans and leaving both borrowers and Realtors behind.

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Loan Officers Real Estate Technology Business 341

Housing Wire

SEPTEMBER 7, 2023

The pivot also coincided with its former chief retail officer Stephen Carpitella requesting the opportunity to start his own wholesale mortgage business. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August.

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Retail Loan Officers Business Lending 387

Housing Wire

FEBRUARY 16, 2024

They are a great company with an awesome culture in markets we just don’t have much of a presence in, so it made sense. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. SW: What differentiates New American Funding in this market?

Loan Officers 381

Loan Officers Retail Clients Real Estate Agent 381

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans.

Technology 370

Technology Design Lending Real Estate Agent 370

Housing Wire

JULY 14, 2022

Loan officers told HousingWire this week that they were quoting rates in the low 6% range on conventional products, but about 100 basis points lower on jumbos. The surge in rates has cooled the housing market over recent months, with buyers fretting over reduced purchasing power and record-high home prices.

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Mortgage Loan Officers Housing Market Government 361

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

Mortgage 369

Mortgage Loan Officers Government Buyers 369

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year.

Mortgage 388

Mortgage Loan Officers Retail Training 388

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Nothing in the mortgage industry is easy right now (…) With the broker model, you’ve got so many outlets to send these loans to that it’s really easy to find a home for most borrowers.

Mortgage 355

Mortgage Retail Loan Officers Brokerage 355

Housing Wire

MAY 18, 2021

While home-buying has been historically seen as difficult, the process is getting a rebrand as loan officers, real estate agents and industry experts answer the questions that Gen Z (and any generation that won’t willingly admit to using the app) have on TikTok’s platform.

Loan Officers 349

Loan Officers Real Estate Agent Real Estate Design 349

Housing Wire

APRIL 12, 2023

Economic and Housing Market Outlook Amid the Federal Reserve ‘s efforts to tame inflation, 44.5% 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. from the Midwest, 16.8%

Mortgage 313

Mortgage Marketing Loan Officers Real Estate Agent 313

Housing Wire

JANUARY 12, 2023

“Fifteen months after I vowed that the Justice Department would be aggressively stepping up our efforts to combat discriminatory practices in the housing market, we have today secured the largest redlining settlement in Department history,” attorney general Merrick B. Garland said in a statement.

Advertising 346

Advertising Loan Officers Mortgage Lending 346

Housing Wire

MAY 25, 2022

There’s no question that 2022 has seen serious changes to the housing market. 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.

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Lending Investing Loan Officers Design 366

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

Architecture 389

Architecture Real Estate Agent Loan Officers Real Estate 389

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. Citizens is not alone.

Loan Officers 381

Loan Officers Retail Lending Contracts 381

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Instagram lends itself to posting both personal and business content.

Loan Officers 291

Loan Officers Business Mortgage Clients 291

Housing Wire

DECEMBER 10, 2021

Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. He also is an author, podcast host and professional mortgage and life coach, helping the industry better understand how Physician Home Loans work.

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Loan Officers Housing Market Mortgage Tools 347

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Employees on the technology, marketing and human resources teams are on the list. Among depositary lenders, an example is Wells Fargo laying off 125 employees in its home lending division in Iowa by the end of August.

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Human Resources Loan Officers Construction Mortgage 346