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Housing Wire
MARCH 16, 2022
Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. That means that they get more product options.
Housing Wire
SEPTEMBER 11, 2023
Target buyers for Cliffco include non-traditional buyers seeking investor loans. Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products.
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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.
Housing Wire
FEBRUARY 15, 2023
You have a lot of flexibility in pricing, flexibility with other broker products, flexibility with marketing under an compliant umbrella,” Steinway said of Revolution Mortgage, which has a hybrid wholesale and retail lender model. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.
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.
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. But Woodward struggled to originate purchase loans. “I The retail lender originated $56.6
Housing Wire
FEBRUARY 8, 2022
“And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”. We will be hiring retail guys that carry our flag through the Excelerate branches, but they’re not only in California,” Yoon added. “The We need to have footprint outside of [California].
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