Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 369

Lending Technology Investing Loan Officers 369

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. Niche loans consist of about 5% of Parkinson’s business. “It’s Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

Loan Officers 397

Loan Officers Mortgage Inventory Clients 397

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is able to “surround and extend” loan origination systems to provide a more efficient lending experience.

Lending 207

Lending Real Estate Agent Loan Officers Architecture 207

Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. It’s a significant lending play, as many of these smaller credit unions and community banks aren’t large enough to run their own mortgage operations. Already the leading originator in the U.S.

Mortgage 421

Mortgage Loan Officers Lending Technology 421

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 431

Mortgage Project Management Insurance Loan Officers 431

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 370

Mortgage Real Estate Loan Officers Brokerage 370

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes. In March, FHA Commissioner Julia Gordon made it a little cheaper.

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

NOVEMBER 3, 2021

The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. The brokerage was the fourth-largest in the U.S. by transaction volume in 2020 with $72.2 billion, according to the RealTrends 500.

Brokerage 383

Brokerage Lending Agents Realty 383

Housing Wire

JANUARY 18, 2023

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. mortgage insurance market in 2023 to deteriorate. mortgage insurance sector,” Christopher Grimes, director of Fitch Ratings, said.

Housing Market 450

Housing Market Marketing Insurance Mortgage 450

Housing Wire

JANUARY 5, 2023

The company has one branch and 11 active loan officers. Former employees accuse the company of retroactively cutting off their health insurance on May 1, 2022 without prior communication. Former employees accuse the company of retroactively cutting off their health insurance on May 1, 2022 without prior communication.

Insurance 431

Insurance Loan Officers Mortgage Business 431

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 431

Retail Loan Officers Brokerage Technology 431

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. Marginal reductions . billion in the last 12 months.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The bank has 197 active loan officers and 12 branches across the country. It has offices in seven U.S. While refis consisted of 56.7%

Real Estate 74

Real Estate Lending Human Resources Insurance 74

Housing Wire

JUNE 28, 2023

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. No mortgage insurance is required. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5

Real Estate Agent 370

Real Estate Agent Insurance Lending Real Estate 370

Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. Workers impacted by November’s layoffs will receive severance through the end of the year, two months of health insurance and other incentives, including additional payments based on the employee’s tenure.

Loan Officers 421

Loan Officers Modernization Finance Housing Market 421

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 364

Real Estate Agent Real Estate Agents Loan Officers 364

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 421

Lending Law Loan Officers Clients 421

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The holding company will invest in finance, insurance, and real estate businesses. Interfirst told HousingWire in August that it originated $1.65

Mortgage 385

Mortgage Investors Investing Technology 385

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. division, to Summit. They absorbed as much as they could before having to resort to a big layoff.”

Retail 370

Retail Development Finance Lending 370

Housing Wire

JUNE 24, 2021

Panelists: Clayton Collins, CEO, HW Media Courtney Graham, Chief Marketing Officer, Princeton Mortgage Paul Akinmade, Chief Strategy Officer, CMG Financial. Panelists: Scott Betley, Loan Officer, NFM Lending Brena Nath, Managing Editor, HousingWire. Building a Personal Brand. Social Media Master Class: Instagram.

Loan Officers 376

Loan Officers Lending Finance Business 376

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. billion, according to a review of bond-rating and industry reports.

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The nascent mortgage company, however, has only one loan officer registered and no loan origination volume so far, according to the mortgage tech platform Modex.

Mortgage 397

Mortgage Investors Legal Loan Officers 397

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

Agents 458

Agents Sellers Buyers Finance 458

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

PennyMac

MARCH 4, 2024

There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Virtually every aspect of mortgage lending can be improved through digitization,” Mayopoulos added. Stay tuned for updates.

Investing 496

Investing Loan Officers Development Technology 496

Housing Wire

JANUARY 25, 2022

This includes how much cash is used to fund new loans, cycle time on loans in inventory, and how fast you’re selling loans. For instance, you need to pay loan officer commissions when loans are closed, even though you may not have sold the loan yet to generate the cash needed to pay a commission.

Mortgage 370

Mortgage Inventory Business Loan Officers 370

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. Although many listing agents do not want to work with VA loans, lenders, on the other hand, love them. From a lending perspective they are the easiest loan to work with,” Naumovych explained.

Clients 397

Clients Agents Buyers Sellers 397

Housing Wire

OCTOBER 27, 2020

We’re the largest centralized mortgage transactional services provider in the country, backed by the country’s largest provider of title insurance services. These time-savings are critical in today’s lending environment. SF: As the transaction insurer, the title provider has a vested interest in closing and disbursing the loan.

Clients 397

Clients Technology Insurance Loan Officers 397

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 397

Technology Mortgage Tools Insurance 397

Housing Wire

MAY 7, 2023

From the Department of Labor : Initial claims for unemployment insurance benefits increased by 13,000 in the week ended April 29, to 242,000. Since the entire marketplace is keeping an eye out on credit getting tighter, I will be watching the Senior Loan Officer Opinion Survey on Bank Lending Practices on Monday.

Inventory 491

Inventory Housing Market Marketing New Listings 491

Housing Wire

FEBRUARY 3, 2022

” JPMorgan’s analysts wrote in a report their favorite name is Rocket, upgraded to overweight due to its ecosystem of personal lending and mortgage finance businesses, the largest and most profitable of which is Rocket Mortgage. The losers are a lot of the smaller players.” That is a tough business for a purchase market.

Mortgage 384

Mortgage Retail Finance Investors 384

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. One example of this is Lev , a company that facilitates commercial real estate lending, starting with small- and medium-sized transactions. As of Sept. BH: What kinds of proptech investments is First American interested in these days?

Mortgage 370

Mortgage Real Estate Investing Technology 370

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 384

Training Loan Officers Lending Mortgage 384

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68