Housing Wire

MAY 16, 2022

Polly , a software-as-service mortgage technology firm that operates a loan-trading platform, integrated with six mortgage insurance providers to streamline the mortgage process for loan officers and mortgage lenders. .

Insurance 370

Insurance Mortgage Investors Tools 370

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

Loan Officers 437

Loan Officers Mortgage Finance Buyers 437

Appraisal Buzz

MAY 16, 2022

Polly , a provider of SaaS technology for the mortgage capital markets space, has been integrated by six primary mortgage insurance (MI) providers: Arch MI, Enact, Essent, MGIC, National MI and Radian. The post Six Providers Integrate Polly’s Streamlining Mortgage Insurance Technology appeared first on Appraisal Buzz. Users receive a.

Insurance 150

Insurance Technology Mortgage Loan Officers 150

Housing Wire

MARCH 11, 2024

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

Mortgage 417

Mortgage Loan Officers Real Estate Agent Design 417

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). While the decision was under appeal, Strauss was brokering loans. 3, indicating a voluntary surrender.

Business 437

Business Loan Officers Law Mortgage 437

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 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. In 2023, he closed $925 million in loan origination volume, with 1,617 loans, which put him as the top originator on Scotsman Guide ’s top originators list. “We

Realty 406

Realty Loan Officers Retail Real Estate 406

Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans.

Loan Officers 427

Loan Officers Lending Mortgage Insurance 427

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 454

Finance Real Estate Agent Real Estate Insurance 454

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 395

Loan Officers Mortgage Inventory Clients 395

Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officers 395

Loan Officers Real Estate Agent Real Estate Finance 395

Housing Wire

SEPTEMBER 27, 2022

According to data by mortgage technology platform Modex , LemonBrew loan officers produced $347 million over the last 12 months. The vast majority of loans – more than 80% – are originated by Rocket Mortgage , the data shows. LemonBrew Technologies also has divisions for title insurance and homeowners insurance.

Brokerage 370

Brokerage Lending Loan Officers Technology 370

Housing Wire

OCTOBER 4, 2022

Closing fee-related compliance tool provider LodeStar is integrating with title insurance provider Stewart , the companies said Monday.

Human Resources 417

Human Resources Loan Officers Insurance Tools 417

Housing Wire

JANUARY 8, 2024

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. Borrowers will receive financial advice including – college savings plans if their household is expanding, additional life insurance and 401k at no cost.

Clients 427

Clients Investing Mortgage Technology 427

Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

Loan Officers 407

Loan Officers Clients Design Insurance 407

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 437

Mortgage Lending Loan Officers Design 437

Housing Wire

MAY 26, 2022

We do all sorts of analysis on each of our loan officers’ databases to provide them wonderful timely opportunities.”. Reich outlined that some of those opportunities may include the borrower being eligible to get rid of mortgage insurance or have a cash-out transaction.

Loan Officers 395

Loan Officers Finance Technology Insurance 395

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

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. At least one occupying borrower must be a first-time homebuyer, and the applicants must have an income at or below 80% of the county area median income (AMI).

Buyers 370

Buyers Retail Loan Officers Insurance 370

Housing Wire

MARCH 29, 2024

Which leads me to the second point: Many existing reverse customers said that high fees really bother them, and they primarily referred to the mortgage insurance premium and the ongoing costs they had to pay.” I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more.

Mortgage 454

Mortgage Finance Insurance Tools 454

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 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 427

Mortgage Project Management Insurance Loan Officers 427

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation.

Lending 370

Lending Mortgage Loan Officers Government 370

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Insurance 407

Insurance Loan Officers Retail Mortgage 407

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 446

Housing Market Marketing Insurance Mortgage 446

Housing Wire

SEPTEMBER 1, 2022

Suburban was founded in September 1988 and has 38 licensed mortgage loan officers, according to the Nationwide Multistate Licensing System (NMLS). The NY Attorney General ‘s office is looking into complaints that the company collected health insurance premiums, but canceled coverage retroactively to May 1.

Mortgage 383

Mortgage Loan Officers Insurance 383

Housing Wire

OCTOBER 6, 2022

According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. As the housing market cools from the frenetic pace of the pandemic market, many firms across the real estate ecosystem from brokerages to proptech companies and title insurers have been forced to make cuts.

Mortgage 370

Mortgage Real Estate Loan Officers Brokerage 370

Housing Wire

MAY 25, 2021

Mortgages would be subject to FHA loan limits. Homebuyers would pay an up-front mortgage insurance premium of 3.6 percent of the principal, which could be financed, and would not pay a monthly insurance premium. Loan officers, too, sometimes have reservations about government-financed loans.

Finance 469

Finance Insurance Loan Officers Government 469

Housing Wire

OCTOBER 28, 2021

With the most recent acquisition of Floify, Porch will expand “its early access to high-intent homebuyers who need key services including insurance, warranty and moving services,” the company said in a statement.

Mortgage 395

Mortgage Logistics Insurance Real Estate Agent 395

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 533

Insurance Loan Officers Housing Market Appraisal 533

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 427

Insurance Loan Officers Mortgage Business 427

Housing Wire

NOVEMBER 16, 2020

FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. Are you confused about your mortgage options?

Mortgage 481

Mortgage Insurance Real Estate Agent Real Estate 481

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 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

NOVEMBER 1, 2021

” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. While some have highly specialized mortgage operations, most have disparate partners and technology vendors that handle home loans for them, the lender said.

Mortgage 417

Mortgage Loan Officers Lending Technology 417

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in title insurance and $1.4 billion in homeowners insurance. a blank check company sponsored by Novator Capital. The company generated $24.2

Valuation 395

Valuation Insurance Investors Loan Officers 395

Housing Wire

OCTOBER 17, 2022

It also includes some new content, like a Q&A with Shant Banosian, Guaranteed Rate ’s top-ranked loan officer , and demos with top housing tech companies. Attendees will also get an exclusive front-row seat to demos from top tech companies, including Qualia , Westwood Insurance , Argyle , Evocalize and DocMagic.

Loan Officers 304

Loan Officers Insurance Technology Marketing 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. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 427

Retail Loan Officers Brokerage Technology 427