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. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officers 386

Loan Officers Mortgage Inventory Clients 386

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

Loan Officers 336

Loan Officers Mortgage Real Estate Agent Real Estate 336

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 197

Lending Real Estate Agent Loan Officers Architecture 197

Housing Wire

MAY 7, 2023

Even though the labor market is currently showing signs of getting softer , there is no job-loss recession yet. As you can see in the chart below, there is a big difference between the current housing market and those looking for a repeat of 2008. While credit is stlll flowing for conventional loans, mortgage pricing has been bad.

Inventory 482

Inventory Housing Market Marketing New Listings 482

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms. And he’s far from alone.

Housing Market 400

Housing Market Marketing Brokerage Real Estate 400

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. The May layoffs mainly impacted operations positions. “In

Mortgage 358

Mortgage Real Estate Loan Officers Brokerage 358

Housing Wire

JUNE 18, 2021

This article first appeared in the June 18th newsletter Lending Life. Loan officers across the country initially panicked — “Will there even be wire services?” — although it looks like most financial systems are still operating. The stock market exchanges are still open, as are banks, for the most part.

Loan Officers 392

Loan Officers Law Lending Insurance 392

Housing Wire

NOVEMBER 1, 2021

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. thanks to a near $84 billion dollars in volume in the second quarter, Rocket sees this program as an opportunity to further increase market share. Already the leading originator in the U.S.

Mortgage 357

Mortgage Loan Officers Lending Technology 357

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Real Estate 370

Real Estate Loan Officers Development Realtors 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 330

Loan Officers Insurance Mortgage Real Estate Agent 330

Housing Wire

NOVEMBER 3, 2021

In addition, eXp expanded into two new international markets in the third quarter, Panama and Germany. 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. million, including a $12.9

Brokerage 304

Brokerage Lending Realty Agents 304

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. “Now that we are licensed in 26 states, we can scale that pretty quickly.

Retail 351

Retail Loan Officers Brokerage Technology 351

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 358

Mortgage Loan Officers Lending Business 358

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 357

Insurance Loan Officers Sellers Mortgage 357

Housing Wire

APRIL 13, 2022

But that engine could stall if action isn’t taken to increase the supply of affordable housing and expand opportunities for lending to underserved families. Action must be taken to provide adequate credit access to homebuyers and encourage the housing market to expand opportunities for American households. of GDP in 2020.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S.

Lending 266

Lending Advertising Design Loan Officers 266

Housing Wire

JUNE 1, 2021

Blazing a new trail in a year that came with no road map, this class of Rising Stars tapped into their core strengths, spearheading the conversations that moved the market forward. VP of Market Research for Black Knight Data and Analytics. Chief Credit Officer. Senior Director, Marketing. Chief Revenue Officer.

Retail 385

Retail Lending Loan Officers Finance 385

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 409

Mortgage Loan Officers Lending Human Resources 409

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.

Loan Officers 388

Loan Officers Modernization Finance Housing Market 388

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. We know that the time to build is in a slower market, but what does that look like? I actually have the data. But now it’s all into rebuilding.

Technology 382

Technology Loan Officers Lending Business 382

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. Economic conditions, however, are opening up space for new entrants eyeing market share. Their retreat opens up opportunities for rival firms to grab market share. Part I explains the jumbo market’s decline.) Part I explains the jumbo market’s decline.)

Marketing 305

Marketing Retail Mortgage Investors 305

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more.

Lending 403

Lending Law Loan Officers Clients 403

Housing Wire

AUGUST 8, 2023

(The FHFA’s conforming loan limit was a baseline of $647,200 in 2022, and $726,200 in 2023.) In the secondary market, these jumbo loans are sold to other investors, such as real estate investment trusts, hedge funds and insurance companies. In June, only 30% of his mortgage production came from jumbo loans.

Insurance 315

Insurance Mortgage Clients Lending 315

Housing Wire

JUNE 24, 2021

Here at HousingWire, we focus on Moving Markets Forward. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. Understanding the Current Market. Not a member yet?

Loan Officers 279

Loan Officers Lending Finance Business 279

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. The departure of top sales executives also happened amid job cuts due to a shrinking mortgage market. division, to Summit.

Retail 367

Retail Development Finance Lending 367

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Much has changed in the mortgage market over the five years since our last major product launch.

Buyers 368

Buyers Tools Mortgage Lending 368

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

Insurance 332

Insurance Modernization Lending Mortgage 332

Housing Wire

FEBRUARY 24, 2021

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. VL: So many areas could benefit by embracing digitalization.

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 367

Insurance Real Estate Technology Loan Officers 367

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 339

Real Estate Agent Insurance Lending Real Estate 339

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 295

Real Estate Agent Real Estate Project Management Agents 295

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 392

Mortgage Investors Legal Loan Officers 392

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 437

Agents Sellers Buyers Finance 437

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 3, 2022

Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century. It can take on ‘stare-and-compare’ and validation responsibilities, such as verification of income, assets and insurance more accurately and at scale,” Gagliano noted.

Technology 311

Technology Loan Officers Modernization Retail 311

Housing Wire

AUGUST 20, 2021

These 180 firms grabbed market share, created new business models and recruited talent without ever looking back. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. 5000 map.”. HousingWire’s analysis of the 2021 Inc.

Real Estate 441

Real Estate Realty Brokerage Mortgage 441

Housing Wire

JUNE 8, 2022

With interest rates hitting all-time lows, lenders doubled their origination volume to more than $4 trillion in both 2020 and 2021, hired more staff and ramped up investment in technology to close loans faster. As such, a strategic merger or acquisition is emerging as one opportunity to outmaneuver the shrinking mortgage market.

Mortgage 330

Mortgage Technology Loan Officers Investing 330