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Guaranteed Rate’s Larry Steinway makes the jump to Revolution Mortgage

Housing Wire

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

Mortgage 363
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What’s in store for non-QM in 2024?

Housing Wire

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

Investors 425
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Interfirst Mortgage to lay off nearly 50 LOs

Housing Wire

Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending. Chicago-based Interfirst Mortgage Co.

Mortgage 380
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

To gain insight into how Rocket plans to strengthen its local presence to capture purchase volume, HousingWire spoke to more than a dozen former Rocket employees, current retail loan officers and mortgage brokers who have been contacted by Rocket recruiters to join its local initiative. So this isn’t brand new,” Kidwell noted.

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Excelerate Capital is accelerating its growth in the non-QM market 

Housing Wire

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market. We need to have footprint outside of [California].

Marketing 364
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The obstacles to a digital mortgage are changing – Here’s what lenders need to know

Housing Wire

They also realize that if they don’t provide this experience, larger national retail lenders will. In addition to the momentum and the economics, digital lending just makes sense. As for investors, the GSEs were pretty much the only ones accepting eNotes. banking, shopping, transportation). But this is all changing.

Mortgage 397
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AmeriFirst Financial gets back into forward mortgage origination

Housing Wire

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).