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. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

Realty 402

Realty Loan Officers Retail Real Estate 402

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 424

Loan Officers Tools Business Clients 424

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. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

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Investors Mortgage Investing Loan Officers 366

Housing Wire

DECEMBER 6, 2023

The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. Meanwhile, LoanPASS’s flagship products and pricing engine (PPE) automates product and pricing decision-making for all loan products.

Loan Officers 436

Loan Officers Tools Clients Technology 436

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. Target buyers for Cliffco include non-traditional buyers seeking investor loans. How many times have they refi’d?

Loan Officers 395

Loan Officers Agents Retail Technology 395

Housing Wire

MARCH 4, 2024

The new tool is designed to help loan officers, processors and underwriters instantly find the relevant mortgage guidelines they need. Mortgage professionals will be provided with up-to-date investor and lender guidelines and timely notifications whenever changes happen.

Loan Officers 416

Loan Officers Tools Design Technology 416

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. Institutional Investors.

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Inventory Marketing Mortgage Supply Chain 395

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. It sets up a domino effect [for market activity].”

Housing Market 417

Housing Market Marketing Contracts Finance 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). Smart Rate marked Strauss’s return to the mortgage market after abruptly shuttering Sprout Mortgage in July 2022.

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Business Loan Officers Law Mortgage 437

Housing Wire

MARCH 31, 2022

As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

Marketing 392

Marketing Investors Technology Loan Officers 392

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. So you’re having to encourage investors with wider spreads to accept that. So they go from 7.5%

Housing Market 446

Housing Market Marketing Buyers Investors 446

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. ” Who is jumping into the market? from the week prior.

Mortgage 383

Mortgage Loan Officers Investors Government 383

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Housing Market 417

Housing Market Marketing Loan Officers Mortgage 417

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 383

Marketing Loan Officers Business Mortgage 383

Housing Wire

MARCH 6, 2024

“CMG’s financial wellness approach wins over each customer with a seamless combination of experienced human advisors and easy-to-use digital tools,” said Paul Akinmade, CMG’s financial chief marketing and strategy officer. The company has been aiming to grow its market share in originations through mergers and acquisitions.

Loan Officers 410

Loan Officers Retail Tools Investors 410

Housing Wire

AUGUST 8, 2022

HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? Get back to basics to find it.

Lending 383

Lending Loan Officers Training Investors 383

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

Retail 417

Retail Loan Officers Lending Mortgage 417

Housing Wire

JUNE 22, 2023

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).

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgage 521

Mortgage Marketing Retail Lending 521

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. billion in 2023, with most of it being conventional (74%) and purchase (65%) loans. The bank had 766 loan officers as of Monday, according to the Nationwide Multistate Licensing System (NMLS).

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Loan Officers Insurance Mortgage Lending 403

Housing Wire

JUNE 4, 2021

Austin is still the nation’s hottest housing market, as tech workers continue to flock to the Lone Star State’s capital. Homes are staying on the market an average of 24 days, Redfin reported. The jumbo market for brokers is back in a huge way.

Marketing 492

Marketing Sellers Finance Loan Officers 492

Housing Wire

JUNE 4, 2024

This is according to data compiled by Reverse Market Insight (RMI). One loan type that did increase, however, were HECM-to-HECM (H2H) refinances, which jumped by 3.3% When asked about it, Lunde said it’s about striking when loan officers and borrowers see a chance. during the month.

Mortgage 421

Mortgage Loan Officers Finance Retail 421

Housing Wire

FEBRUARY 10, 2023

“I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.” Connie Kim : Tell us about your main market. It’s taken a lot more work to do a lot less volume, which is crazy to say,” Kechian said.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

OCTOBER 6, 2022

“The jumbo rates are offering an excellent opportunity in terms of where they are now compared to the conventional ones, especially jumbo ARMs,” a South Carolina retail loan officer told HousingWire. Despite rates higher than a year ago, mortgage loans are still an attractive alternative for them.”. for the week ending Sep.30.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Appraisal Buzz

MAY 10, 2024

Mortgage Capital Trading (MCT) has introduced Base Rate Generator, a new solution that allows mortgage lenders to directly inform their front-end rate sheet pricing with their back-end capital markets executions. It has helped us to be more exact in our pricing which, as a result, has generated more business for us.”

Loan Officers 195

Loan Officers Investors Clients Development 195

Housing Wire

JANUARY 3, 2024

A total of 84 staff were affected at five offices in Pasadena, Roseville, Agoura Hills, Westlake Village and Moorpark, California, according to a Worker Adjustment and Retraining Notifications (WARN) alert submitted to the California’s Employment Development Department (EDD) in late December. “To 15 and reviewed by HousingWire.

Loan Officers 416

Loan Officers Development Investors Finance 416

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Due to a tightened credit market and other factors, non-QM has been more in demand and the interest among lenders is growing.

Investors 444

Investors Real Estate Lending Loan Officers 444

Housing Wire

OCTOBER 9, 2020

Changes to capital markets have been fast and furious over the last year in housing. It makes for exciting – and uneasy – times for lenders, investors and policy makers, panelists said at HousingWire Annual on Thursday. “This is where the rubber hits the road between the lender, the investor and the policy maker.”

Marketing 370

Marketing Investors Technology Loan Officers 370

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. Mark Glebman, Caliber Home Loans. Housing prices started to inch down in July, but were still 14.5%

Mortgage 383

Mortgage Loan Officers Inventory Retail 383

Housing Wire

JANUARY 27, 2022

The round is led by the venture capital firm Andreessen Horowitz , with participation from new investor Zigg Capital and seed investors Conversion Capital and Bain Capital Ventures. Investors backing Vesta also include Index Ventures. The platform supports approval, underwriting, closing, and funding of home loans.

Mortgage 383

Mortgage Investors Loan Officers Technology 383

Housing Wire

APRIL 29, 2022

Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Conway, Arkansas. Rochester, New York.

Housing Market 382

Housing Market Marketing Agents Real Estate 382

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. CMS is going heavy on a rarely used mortgage product to solve this market problem. Because Fannie Mae and Freddie Mac loans – nearly two-thirds of the mortgage market – are not eligible to be assumed, it’s a niche product.

Mortgage 383

Mortgage Loan Officers Government Buyers 383

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. He described today’s non-QM market as a “very large bucket.”.

Loan Officers 446

Loan Officers Lending Mortgage Housing Market 446

Housing Wire

JANUARY 19, 2023

Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation.

Retail 383

Retail Mortgage Loan Officers Lending 383

Housing Wire

FEBRUARY 15, 2023

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. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

OCTOBER 10, 2022

“Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of the residential mortgage market.”. According to the mortgage data platform Modex , Angel Oak Home Loans originated a total volume of $2.44 of the volume consisted of conventional loans and 54.1%

Retail 394

Retail Loan Officers Mortgage Government 394