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As the market shifts to purchase, LOs get creative

Housing Wire

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. According to the Mortgage Bankers Association ’s yearly forecast, purchase mortgage originations are expected to grow by 9% to $1.73

Marketing 386
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First American’s Paul Hurst on the allure of big tech ideas

Housing Wire

Real estate companies might want to engage with AI, they might want to use those tools. How do you enable these super-powered humans to do more transactions and make more money in the process? SW: We have seen an increasing number of cyberattacks on companies in real estate and mortgage, including First American.

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USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%