Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

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Lending Technology Tools Loan Officers 344

Housing Wire

MARCH 6, 2023

A former employee is suing the companies, alleging they “abruptly terminated hundreds of its employees” without giving legally required 60-day advance notice as required by the Worker Adjustment and Retraining Notification Act ( WARN Act ). HousingWire first reported on the Celebrity’s several layoff rounds on Feb. Volumes reached $5.9

Loan Officers 393

Loan Officers Retail Legal Lending 393

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.

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Loan Officers Mortgage Retail Real Estate Agent 315

Housing Wire

FEBRUARY 9, 2023

The lenders, both privately held, will retain their names and brands after the transaction, but APMC will be the new legal entity as the companies come together. The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement.

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Mortgage Retail Loan Officers Lending 355

Housing Wire

FEBRUARY 5, 2024

million to acquire Residential Mortgage Services Holdings (RMS), a Maine-headquartered retail lender of which Seely was president and CEO. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers. billion in mortgage loans. Seely joined Guild in 2021 when the California-based lender paid $196.7

Retail 386

Retail Contracts Loan Officers Mortgage 386

Housing Wire

JUNE 29, 2023

and Delaware employees also transitioned to the retail competitor. In some cases, Movement offered a $125,000 signing bonus to loanDepot loan originators to come to the company, the lawsuit claims. That’s not the Orange County, California-based lender’s only poaching legal battle. In early June, a judge in the N.Y.

Retail 379

Retail Contracts Legal Business 379

Housing Wire

NOVEMBER 23, 2022

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. Since relaunching operations, Interfirst also hired teachers and first responders to be loan officers.

Marketing 356

Marketing Loan Officers Business Mortgage 356

Housing Wire

AUGUST 25, 2023

Retail lender AmeriFirst Financial Inc. Through its origination 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).

Mortgage 370

Mortgage Retail Business Lending 370

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

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Lending Law Legal Training 356

Housing Wire

MARCH 22, 2021

I discerned, frankly, that these companies all had good legal counsel and would address their reply to this very unusual policy proclamation in their own way. Take fair lending concerns for a minute. And if the borrowers are minority applicants, are there any fair lending implications that should be considered? No lender does.

Business 538

Business Retail Mortgage Lending 538

Housing Wire

AUGUST 31, 2022

Looking again at data from MBA’s Quarterly Performance Report, loans closed per production employee [1] per month (in the retail and consumer direct channels combined) ranged from 1.3 The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral.

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Lending Mortgage Real Estate Loan Officers 382

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There is administrative time involved, as well as legal factors. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. from 0.75 (including the origination fee) for 80 percent LTV loans. Was it the borrower?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69