Housing Wire

JANUARY 19, 2024

Patriot Bank added: “The bank entered into a consent order with the DOJ because the terms of the agreement affirm and adopt the programs and actions that the bank has already been implementing on its own for many years to help meet mortgage credit needs in the communities it serves, including its investment of $1.9

Loan Officers 458

Loan Officers Lending Advertising Home Improvement 458

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

Lending 370

Lending Marketing Technology Contracts 370

Housing Wire

SEPTEMBER 13, 2023

Florida-based financial services firm The Graystone Company has completed the acquisition of mortgage banker and broker Direct Capital Investment Group through a reverse merger transaction, the companies announced Monday. Direct Capital, through its subsidiary Direct Mortgage , offers residential, commercial and SBA loans, per its website.

Loan Officers 396

Loan Officers Investing Lending Mortgage 396

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 431

Loan Officers Tools Business Clients 431

Housing Wire

OCTOBER 12, 2021

Purchasing a home is one of the biggest investments most people will make in their entire lives, but the complexity of securing a mortgage can be a grueling and fractured process for first-time homeowners. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire. Originations.

Lending 410

Lending Valuation Clients Tools 410

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. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Realty 409

Realty Loan Officers Retail Real Estate 409

Housing Wire

SEPTEMBER 5, 2023

The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We They would rather invest money in the housing market than in the stock market,” he said. Another plus for non-QM lending has been the volatility in the banking sector. “I We increased our liquidity and found more buyers for our loans.

Marketing 397

Marketing Loan Officers Lending Brokerage 397

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 432

Lending Loan Officers Business Investors 432

Appraisal Buzz

MAY 3, 2024

Patelco is California’s fourth-largest credit union mortgage lender by number of loans closed annually. The credit union’s 214 loan officers will use the Empower LOS to originate retail home loans, home-equity loans and home-equity lines of credit (HELOCs).

Loan Officers 195

Loan Officers Modernization Retail Tools 195

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Loan Officers 370

Loan Officers Retail Lending Investing 370

Housing Wire

AUGUST 17, 2023

Trius Lending Partners (no.678), 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. We continue investing in tech while it’s not that crazy busy. Founded in 2019, the Virginia-based lender saw a 2,230% three-year growth rate. Zap Mortgage (no.294)

Loan Officers 370

Loan Officers Mortgage Development Lending 370

Housing Wire

JANUARY 10, 2024

In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. Pennymac invested more than $1.5 million over the course of 12 years.

Investing 414

Investing Development Tenants Loan Officers 414

Housing Wire

FEBRUARY 15, 2024

More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said. The VA team reflects a different strategy for the company when hiring employees, Garg added. Better Home & Finance Holding Co. , The company posted a loss of $340 million in the third quarter. “All

Loan Officers 409

Loan Officers Finance Mortgage Lending 409

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. Fulton is purchasing $6 billion in assets from Republic, including its $2 billion investment portfolio and $2.9 billion in loans. FDIC), the appointed receiver, explained in a statement.

Loan Officers 419

Loan Officers Insurance Mortgage Lending 419

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex.

Retail 397

Retail Mortgage Lending Renovations 397

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 397

Loan Officers Agents Retail Technology 397

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 441

Loan Officers Retail Business Mortgage 441

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. The lender and LO can make or break the transaction.”

Buyers 397

Buyers Agents Loan Officers Real Estate 397

Housing Wire

APRIL 9, 2024

The true cost of redlining Lenders need to carefully evaluate their lending strategies to ensure that they are not unintentionally practicing redlining by neglecting MMCT and LMI neighborhoods, or they may face millions in penalties. Adapting to meet the needs of an evolving homebuyer pool is vital to success in mortgage lending.

Modernization 436

Modernization Lending Legal Legal Fees 436

Housing Wire

AUGUST 30, 2021

To address these grievances, Cadence has agreed to invest over $5.5 million to create a loan subsidy fund for residents of predominantly Black and Hispanic neighborhoods in the Houston area, $750,000 for development of community partnerships to provide services that increase access to residential mortgage credit in those neighborhoods.

Lending 397

Lending Loan Officers Advertising Development 397

Housing Wire

SEPTEMBER 27, 2023

. “We believe we have been fully compliant with the letter and spirit of fair lending laws, and the agreement will further strengthen our focus on an area that has always been important to us,” Edward O. A director of community lending will oversee the business in communities of color.

Advertising 432

Advertising Loan Officers Lending Training 432

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 466

Loan Officers Lending Real Estate Brokerage 466

Housing Wire

MAY 23, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. The company announced it was investing $3.9

Loan Officers 397

Loan Officers Human Resources Mortgage Business 397

Housing Wire

AUGUST 5, 2020

For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. According to one broker, Parkside Lending and Stearns Lending are offering a 15-year-fixed rate as low as 1.75% to some mortgage brokers, depending on the relationship. (We And location can also be a factor.

Mortgage 525

Mortgage Loan Officers Lending Advertising 525

Housing Wire

JUNE 28, 2022

The two companies have been working toward the merger since LLR Partners ’ made an investment in each in January. Richard Harris, former chief executive officer at email sending and delivering platform Spark Post , will take the helm as CEO. Specific terms of the deal were not disclosed. In 2016, LLR Partners led a $26.5

Mortgage 397

Mortgage Loan Officers Investing Lending 397

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. The company’s star loan officers have set origination records, explaining in part Ciardelli’s promise to invest and focus on the purchase platform its LOs use.

Retail 384

Retail Loan Officers Best Value Business 384

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 370

Mortgage Retail Loan Officers Lending 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. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Mortgage 432

Mortgage Project Management Insurance Loan Officers 432

Housing Wire

APRIL 18, 2024

Return to a ‘task force’ The original task force was co-founded in 2012 by Giordano and Security One Lending ’s Torrey Larsen. But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” We’ve got all the ammunition.

Loan Officers 431

Loan Officers Tools Mortgage Government 431

Housing Wire

JANUARY 31, 2022

California-based PennyMac Financial Services will invest $3.9 The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business.

Business 369

Business Lending Loan Officers Mortgage 369

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. “We’ve got a great capital base, so we have the opportunity to invest. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgage 421

Mortgage Retail Lending Sellers 421

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. More people are diversifying their income streams and opting to work for themselves or through real estate investments.

Lending 397

Lending Investing Loan Officers Design 397

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgage 402

Mortgage Investors Investing Technology 402

Housing Wire

MARCH 30, 2021

CreditXpert, a software solutions company, provides loan officers with the tools needed to help their clients reach their dream of homeownership. This allows the loan officer to focus on sales activities and provide their leads with better service. Improving the Customer Experience.

Loan Officers 441

Loan Officers Clients Tools Technology 441

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. This vision is a big part of why we wanted to put gas on the fire with this investment.”

Investors 381

Investors Mortgage Investing Loan Officers 381