Housing Wire

SEPTEMBER 27, 2023

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. According to the agreement, Washington Trust will invest at least $7 million in a loan subsidy fund to increase access to mortgage and home equity products.

Advertising 370

Advertising Loan Officers Lending Training 370

Housing Wire

OCTOBER 5, 2023

Like a slow-motion train wreck at first, it is now definitively off the rails and heading over a cliff. Lax lending standards and cheap credit, plus a popular belief that real estate values never decline, created a massive bubble. residential market becomes a relatively safer landing spot for investment. in 2008 and 2009.

Real Estate 384

Real Estate Housing Market Marketing Investors 384

Housing Wire

FEBRUARY 21, 2024

Axis has lending and title academies, with an origination academy set to launch in the spring of 2024. The initial 30 days establish a foundational understanding of mortgage lending concepts. He expects hiring to pick up again on the lending side in the third quarter of 2024.

Housing Market 311

Housing Market Mortgage Marketing Real Estate 311

Appraiserblogs

MARCH 27, 2023

Dear representative, waiving/eliminating property appraisal for lending purposes is wanton recklessness. Fannie Mae’s decision to waive/eliminate property appraisal for lending purposes is nothing more than wanton recklessness that could have serious repercussions in the future. The fact is, Fannie… AVMs.

Property Appraisal 214

Property Appraisal Training Lending Appraisal 214

Housing Wire

SEPTEMBER 27, 2021

That’s why a growing number of lenders are investing time and resources into developing and implementing robust social media compliance policies. Don’t let poor training on acceptable social media practices prevent your company from realizing the full potential these digital channels have to offer. Discussing Privacy Concerns.

Loan Officers 361

Loan Officers Training Development Technology 361

Housing Wire

FEBRUARY 1, 2024

As a refresher, “redlining” means that no matter the features or amenities that a home provides, if the home is in a neighborhood with Black residents (homeowners or renters), traditional (and more affordable) lending and insurance would be denied — although a few sub-prime options tend to circle these communities like sharks.

Real Estate 366

Real Estate Appraisal Insurance Training 366

Housing Wire

JUNE 30, 2021

By writing and maintaining all of the code along with investing heavily in putting together a world class modern IT infrastructure that efficiently leverages a mix of modern technologies like the public cloud and API based software architectures, UWM has been able to turn on a dime and stay well ahead of shifts in the market utilizing technology.

Tools 302

Tools Training Technology Clients 302

Housing Wire

JANUARY 10, 2024

.” Many of the individual agents in the study had other full-time jobs as “teachers, government workers, restaurant servers, commercial employees, and a large number in associated industries – mortgage lending, real estate appraisal, commercial and residential investment, and the practice of real estate law.”

Agents 408

Agents Real Estate Real Estate Agent Training 408

Housing Wire

MAY 25, 2022

More people are diversifying their income streams and opting to work for themselves or through real estate investments. Non-QM loans are harder than other loan products, so lenders must invest the time, resources and education into their sales teams and brokers to learn the intricacies of non-QM products.

Lending 354

Lending Investing Loan Officers Design 354

Housing Wire

MAY 2, 2022

Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. In October 2021, a $175 million investment from principals at the private holding company StoicLane was used to grow operations and refine and develop new technologies.

Human Resources 347

Human Resources Loan Officers Retail Training 347

Housing Wire

OCTOBER 19, 2023

And then there are some areas that are specific to our products in the non-QM lending space where there may not be anything in the market that is pre-built or off the shelf and the only opportunity to actually bring some of our lending products to market or execute on our on our strategies is to build something custom.

Technology 325

Technology Tools Investing Lending 325

Housing Wire

OCTOBER 29, 2021

This investment will help approximately 700 students with costs that include textbooks, calculators and the purchase of any additional required courses. . The commitment will be spread out over three years with Chase devoting $1 million per year to support trainee education packages.

Appraisal 306

Appraisal Appraisal Process Training Lending 306

Housing Wire

OCTOBER 10, 2022

With increased federally mandated rules and regulatory scrutiny, mortgage lending operations must abide by standard industry practices. Consolidated Analytics invests in our employees and we feel we have a best-in-class team.

Mortgage 326

Mortgage Clients Training Valuation 326

Housing Wire

FEBRUARY 29, 2024

In our training, there’s so much focus that we can’t do anything that would be even accidentally discriminatory.” Regulators at the Consumer Financial Protection Bureau (CFPB) have expressed growing concerns about fair lending issues associated with pricing exceptions. Fair lending concern To start, here’s how pricing exceptions work.

Loan Officers 362

Loan Officers Mortgage Lending Real Estate Agent 362

Housing Wire

FEBRUARY 25, 2022

The disputes involve Californian brokerage shops Kevron Investments Inc. HousingWire sent messages to Kevron Investments and Mid Valley seeking comments, but they did not immediately return the requests. and Mid Valley Funding & Inv. Inc and a request of $420,000 in damages. . The case was first reported by The Detroit News.

Contracts 367

Contracts Brokerage Investing Mortgage 367

Appraisal Buzz

APRIL 15, 2024

Appraisers will want to make sure that their software vendors can accommodate non-lending work in their new platforms. Appraisers will want to avoid having two software platforms, one for lending, and one for non-lending. Again, appraisal software companies will compete for meeting these needs as well.

Appraisal 397

Appraisal Design Lending Technology 397

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. If you’re interested in finding a condo with a highly trained REALTOR® in your corner to ensure the smoothest transaction possible, contact us today.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

JULY 20, 2021

Recently the GSEs have limited the percentage of origination for second homes and investment properties and imposed additional restrictions on risk attributes on files in an effort to derisk. This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April.

Marketing 362

Marketing Lending Government Renovations 362

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. “The riches are in the niches.”

Lending 314

Lending Loan Officers Real Estate Mortgage 314

Appraisal Buzz

OCTOBER 18, 2021

My solution was to hire and train a few folks that could help me develop and support my workflow and processes. Having been an instructor on residential topics for a few years, I felt that the best way to go was to hire and train individuals that wanted to become appraisers. That is unfortunate and disingenuous.

Modernization 370

Modernization Valuation Appraisal Training 370

Housing Wire

FEBRUARY 28, 2024

Deephaven has the flexibility to underwrite based its own lending standards and requirements conducive to challenges in the market. million of these investment properties are 1-4 units which Deephaven allows. We offer training, webinars, and non-QM expert sales representatives who are advisors.

Mortgage 339

Mortgage Investors Real Estate Business 339

Housing Wire

JUNE 28, 2022

The investment side is ready for the securitization of digital assets. In addition to the momentum and the economics, digital lending just makes sense. They are willing to drive change across their operations and work with advisors, like Falcon, to develop a roadmap to integrate digitalization into policies, processes, and training.

Mortgage 355

Mortgage Training Business Transportation 355

Housing Wire

AUGUST 2, 2021

Aslan Home Lending Corporation. JMAC Lending. VP, Sales Training. SVP, Chief Operating Officer of Investments & Capital Markets. Synergy One Lending. SVP, Correspondent Lending. Planet Home Lending. VP, Marketing. Finance of America Reverse. Bernadette Kogler. CEO and Co-Founder. Briana Ings.

Insurance 393

Insurance Lending Realty Finance 393

Housing Wire

AUGUST 9, 2023

Unlike others that are more reactive to cyclical market conditions, we will continue to be aggressive in our technology and product investments. Companies that are not prepared for those events react late, hire late, train late and miss most of the opportunity,” Ishbia said. The company’s GAAP net income in Q2 was $228.8

Training 370

Training Mortgage Technology Investing 370

Housing Wire

SEPTEMBER 28, 2023

The mortgage lending industry exists to make home loans, not to repossess them. Many of the largest servicers have made major investments in automating their production platforms and workflow management systems. Understandably, foreclosure has never been a popular topic. Nor should it be. It’s the antithesis of the American Dream.

Legal 407

Legal Training Real Estate Business 407

Housing Wire

AUGUST 14, 2020

The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. The company’s virtual training programs are continuing to operate in support of employee culture, continuing education, and internal advancement.

Human Resources 319

Human Resources Retail Training Lending 319

Housing Wire

APRIL 20, 2022

As mortgage and capital markets become increasingly digital , most lenders, regardless of their lending strategy, will eventually need an eVault, because eVaults are a requirement for moving eNotes through the digital mortgage ecosystem. What steps should a lender take before investing in eVault technology?

Lending 288

Lending Investors Technology Business 288

Housing Wire

NOVEMBER 16, 2023

JB: We are wholly invested in AI right now. I think so many companies are missing out on the next wave of technologists because those people don’t have a degree, or they didn’t have adequate training. SW: How is UWM leveraging AI right now?

Technology 420

Technology Training Development Mortgage 420

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. Spending on residential investment and housing services accounted for 17.5% Committing non-bank lending institutions. of GDP in 2020. Incentivizing developers is necessary.

Insurance 366

Insurance Construction Government Lending 366

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. In the overall process of residential lending, our industry has not used automation. Nothing could be further from the truth.

Technology 314

Technology Business Lending Training 314

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

AUGUST 17, 2021

The question now is about other caps, such as the sale of investment properties and GSE limits on purchases via the cash window, and whether we’ll see any movement there. LS : Earlier this year the Federal Housing Finance Agency imposed a 7% cap on purchases of second-home and investment property mortgages from any one lender.

Investing 359

Investing Technology Business Finance 359

Housing Wire

FEBRUARY 10, 2022

Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans. “They’re doing the same exact training every single year, ” he said. The hours spent on continued education should be useful. ” They aren’t delivering the latest information.”

Loan Officers 343

Loan Officers Law Training Lending 343

Housing Wire

MAY 18, 2022

HW: How does Reverse Mortgage Funding help lending professionals educate themselves and their clients on the benefits of reverse mortgages in our current housing market? HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss?

Mortgage 391

Mortgage Clients Insurance Tools 391

Housing Wire

APRIL 30, 2021

As homebuyers increasingly demand personal, service-driven experiences with their mortgage providers, community lending teams are well-positioned to capture business via the strong relationships they excel at creating. Outsourced solutions allow small to midsize lenders to rapidly and seamlessly scale their operations.

Marketing 231

Marketing Technology Lending Business 231

McKissock

NOVEMBER 7, 2021

When Tyler Weinrich scored his dream job at a software company he had no way of predicting that in just one year his career would veer into investment real estate. We asked Weinrich to share his best advice on real estate investment and the business in general. How did you first discover investment real estate?

Real Estate 82

Real Estate Investing Real Estate Agent Investors 82

Housing Wire

MAY 18, 2021

It is no wonder then that, when asked, WFG’s lender clients and their borrowers identified training, collaboration, process efficiency and communication as the four major pain points they want to improve. In 2020, WFG launched an effort to identify and develop solutions for the biggest challenges facing the industry.

Mortgage 202

Mortgage Training Clients Development 202