Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 397

Inventory Marketing Mortgage Supply Chain 397

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 382

Inventory Marketing Business Buyers 382

Housing Wire

MAY 6, 2024

“AnnieMac has become innovative and creative in their solutions for the industry-wide conundrums of inventory shortages, affordability, and margin compression,” Aubourg said in a statement. “We We are partnering at the perfect time as AnnieMac is at the precipice of taking market share and providing better solutions to Loan Officers.”

Mortgage 373

Mortgage Loan Officers Retail Clients 373

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. In a tough market of lack of inventory , high interest rates and elevated housing prices , it has become increasingly important that a loan officer is able to get up the funnel earlier in a consumers’ journey towards homeownership.

Investing 439

Investing Loan Officers Technology Inventory 439

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 397

Loan Officers Mortgage Inventory Clients 397

Housing Wire

OCTOBER 17, 2023

It will also serve loan officers on-the-go with a mobile application, Nima Ghamsari, C.E.O The mortgage market is grappling with the effects of high interest rates, home affordability, and low inventory, so reducing costs is top of mind for everyone,” Ghamsari said in a prepared statement. “The of Blend told HousingWire. “The

Retail 438

Retail Loan Officers Inventory Mortgage 438

Housing Wire

SEPTEMBER 11, 2023

Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers. Target buyers for Cliffco include non-traditional buyers seeking investor loans. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 396

Loan Officers Agents Retail Technology 396

Housing Wire

MARCH 20, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers, compared to more than 4,000 at CCM. The product, offered through an affiliated NAF company, allows homebuyers to make cash offers, which makes them more competitive amid low inventory levels.

Mortgage 424

Mortgage Loan Officers Inventory Finance 424

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. For instance, most loan officers don’t see the point of their clients buying down rates by paying a lot of money upfront.

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The problem, of course, is inventory. National inventory of active listings declined by 18.9% The inventory of active listings was down 62.3% In large metros, median listing prices grew by 9.1%

Supply Chain 512

Supply Chain Mortgage Inventory Loan Officers 512

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. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 384

Mortgage Loan Officers Inventory Retail 384

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.

Loan Officers 276

Loan Officers Brokerage Real Estate Lending 276

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. . When will the market turn?

Loan Officers 397

Loan Officers Investors Mortgage Clients 397

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues.

Mortgage 388

Mortgage Loan Officers Inventory Buyers 388

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. This harms inventory as homeowners are reluctant to let go of their low mortgages. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 485

Mortgage New Listings Loan Officers Inventory 485

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. The importance for loan officers being able to have more exploratory conversations with every lead has become crucial as the cost to borrow mortgages aren’t expected to get lower any time soon with the Federal Reserve expected to keep interest rates higher for longer.

Loan Officers 410

Loan Officers Mortgage Buyers Finance 410

Housing Wire

MAY 26, 2022

With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year. We do all sorts of analysis on each of our loan officers’ databases to provide them wonderful timely opportunities.”.

Loan Officers 396

Loan Officers Finance Technology Insurance 396

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. The bottom for 2022 was 240,194.

Mortgage 397

Mortgage Loan Officers New Listings Government 397

Housing Wire

MAY 25, 2023

Colonial Savings, a federally chartered thrift founded in 1952, originated $470 million in mortgage loans over the last 12 months, per the mortgage tech platform Modex. However, its monthly production declined by a third during this period when the market faced surging mortgage rates and low inventory levels.

Business 383

Business Mortgage Loan Officers Inventory 383

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Marketing 371

Marketing Mortgage Inventory Loan Officers 371

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

JULY 18, 2023

Since signing on to The Agency in mid-July, she has already brought $5 million in existing home inventory online and $8 million in builder listings to the firm. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. and Mexico.

Agents 370

Agents Loan Officers Brokerage Clients 370

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgage 368

Mortgage Loan Officers Lending Retail 368

Housing Wire

DECEMBER 3, 2021

While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories.

Inventory 384

Inventory Loan Officers Clients Mortgage 384

Housing Wire

FEBRUARY 27, 2023

Insellerate said it created the solution to drive origination volumes in the face of a “constantly changing mortgage market” that is riddled with rising interest rates and low inventory. The company recorded a monthly application volume growth of 1,000% over the last two years.

Loan Officers 381

Loan Officers Retail Inventory Lending 381

Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. According to the NAR, there were 1.28

Mortgage 421

Mortgage Loan Officers Buyers Inventory 421

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. The suburbs had a significant lack of inventory, and even the urban areas, there just wasn’t a lot of deals going on. Kechian : Individual loan officers mostly, [and] no other teams besides mine.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

AUGUST 28, 2023

The company had 227 active loan officers and originated $830 million in the last 12 months. Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex.

Mortgage 369

Mortgage Retail Loan Officers Construction 369

Housing Wire

MAY 20, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. There is tight inventory, prices soaring, and multiple bids on everything.” Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets.

Housing Market 410

Housing Market Marketing Real Estate Agent Loan Officers 410

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. How big is the company?

Mortgage 393

Mortgage Retail Loan Officers Brokerage 393

Housing Wire

SEPTEMBER 19, 2022

For the past two years, the refinance business has been booming, but a purchase market signals a shift not only for loan officers but also real estate agents. This panel will cover home prices, the state of housing inventory, the future of mortgage rates and the housing recession. Housing market super session. 3-5 in Scottsdale.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Loan Officers 368

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

NOVEMBER 3, 2021

Joel Mellman, senior vice-president and mortgage business leader at TransUnion, said the expectation is that home purchases continue to outpace refis, as demand for homes stays strong and inventory gradually improves.

Mortgage 397

Mortgage Loan Officers Inventory Housing Market 397

Housing Wire

NOVEMBER 7, 2023

One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. More and more, you’ll start to compete for buyer business in a similar way you do for listings now.

Clients 423

Clients Buyers Real Estate Agent Real Estate 423

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. 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. Tozer suggested “a fee of 1.3%

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Besides a high-demand, low-inventory market, Aubuchon must contend with a new competitor on the block. Kansas City, Missouri. Aubuchon says buyers are making too many concessions.

Housing Market 367

Housing Market Marketing Real Estate Agent Loan Officers 367