Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Time and training. ” Just a little less vanilla. But non-QM is a fairly dangerous space right now.

Mortgage 397

Mortgage Loan Officers Finance Investors 397

Housing Wire

JANUARY 14, 2022

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If If you’re willing to learn and you’re coachable and trainable, that works too.”.

Lending 409

Lending Loan Officers Real Estate Mortgage 409

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

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. This loan allows borrowers to buy additional investment properties with less documentation than conventional loans.

Lending 397

Lending Investing Loan Officers Design 397

Housing Wire

FEBRUARY 8, 2022

Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines. Key to the industry’ success on the non-QM front, according to Yoon, is training the next generation of mortgage-industry professionals.

Marketing 370

Marketing Retail Lending Mortgage 370

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officers 370

Loan Officers Training Development Technology 370

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 432

Business Mortgage Loan Officers Inventory 432

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time. I thought it was sparse.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 431

Loan Officers Mortgage Lending Real Estate Agent 431

Housing Wire

APRIL 24, 2023

Our proprietary predictive analytics engine has been trained on nearly one billion credit inquiries. If you look at the new LLPA tables, you’ll see that the investors reward lenders for lending to less risky borrowers. So, the higher that score is, the lower the LLPA and the more money the lender gets for the loan when they sell it.

Business 384

Business Loan Officers Training Tools 384

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. The last two years have been good to Christian Dicker.

Housing Market 441

Housing Market Marketing Brokerage Real Estate 441

Clear Capital

SEPTEMBER 13, 2023

Encompass enables loan officers to close loans faster, originate more loans, reduce time to close, and create improved borrower experiences. Lenders and investors who use Encompass can also ensure compliance, maintain a single system of record, and gain a competitive advantage.

Technology 36

Technology Valuation Mortgage Inspection 36

Housing Wire

APRIL 13, 2022

Competition favors institutional investors and households with higher incomes and stellar credit. Some communities are not equitably served because lenders say they are unable to recruit and hire minority loan officers who reside in these communities. Prices continue to rise. Programs to scale up affordable housing.

Insurance 384

Insurance Construction Government Lending 384

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. There’s 500,000 loan officers.

Sellers 69

Sellers Agents Real Estate Buyers 69