Housing Wire

APRIL 17, 2024

Tennessee-based multichannel mortgage lender First Community Mortgage announced on Wednesday that it has selected the Blue Sage Solutions digital lending platform and its LION Consumer POS to help scale its growth efforts across the 48 states it operates in. In FCM’s case, this also includes interim servicing.

Business 390

Business Loan Officers Mortgage Lending 390

Housing Wire

DECEMBER 16, 2021

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. The post Knock reverses course on loan officer pay cut appeared first on HousingWire.

Loan Officers 352

Loan Officers Real Estate Agent Real Estate Agents 352

Housing Wire

NOVEMBER 14, 2022

Full-service mortgage lender Nations Lending and local Indiana real estate firm Carpenter Realtors launched a joint venture, Commitment Mortgage , in order to offer an end-to-end experience — from finding a home to closing a loan in a cooled-down housing market. “We trillion, according to the Mortgage Bankers Association.

Lending 314

Lending Realtors Real Estate Agent Mortgage 314

Housing Wire

AUGUST 10, 2022

Nonbank lender Panorama Mortgage Group has added Texas-based Lone Peak Lending to its growing stable of brands. Lone Peak is the fourth lender to join Panorama this year, following the additions of Utah-based Rely Home Loans , Texas-based Prosperity Mortgage and Oregon-based Vision Mortgage Group.

Lending 388

Lending Human Resources Mortgage Loan Officers 388

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S. branches and agencies of foreign banks.

Lending 332

Lending Mortgage Loan Officers Government 332

Housing Wire

JANUARY 23, 2024

Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. Product Fast Facts #1 Robust flagship LOS and mobile apps for borrowers, loan officers, correspondents, and brokers.

Lending 272

Lending Architecture Loan Officers Tools 272

Housing Wire

FEBRUARY 21, 2024

Longtime reverse mortgage industry professional Tane Cabe has joined C2 Financial ’s reverse mortgage division as a “retirement mortgage expert,” according to an announcement issued by the company this week. Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp.

Mortgage 365

Mortgage Loan Officers Clients Lending 365

Housing Wire

SEPTEMBER 27, 2023

Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.

Lending 371

Lending Technology Loan Officers Clients 371

Housing Wire

FEBRUARY 7, 2024

California-based lender Summit Funding has appointed Thomas Yoon as the head of subsidiary Lead+ Wholesale Lending, the company announced on Wednesday. In his new position, EQA Mortgage ’s former president will strive to bring unmatched support to mortgage brokers who sell non-QM products.

Lending 331

Lending Design Mortgage Marketing 331

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgage 409

Mortgage Brokerage Loan Officers Business 409

Housing Wire

MARCH 15, 2021

What happens when borrowers can’t or won’t walk into a lending branch? HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. Retail lenders originate loans through their in-person retail branches.

Lending 380

Lending Retail Mortgage Loan Officers 380

Housing Wire

APRIL 18, 2024

Florida-based First Federal Bank announced on Thursday that it struck a deal to acquire Watson Mortgage Corp., expanding its mortgage retail lending footprint in the communities in which it operates. Last year, the community bank originated about $435 million in mortgage volume, per mortgage data platform Modex.

Mortgage 375

Mortgage Realty Loan Officers Retail 375

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. million to acquire the tech-enabled home loan platform, which does business in 20 U.S. Presented by: Acra Lending. It rebranded in summer of 2020.

Brokerage 355

Brokerage Lending Loan Officers Technology 355

Housing Wire

MARCH 27, 2024

New York-based multichannel lender US Mortgage Corporation is expanding its efforts in the reverse mortgage space, illustrating its focus on growth. The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending.

Business 370

Business Mortgage Loan Officers Training 370

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgage 304

Mortgage Loan Officers Investors Business 304

Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Podcasts are a great resource for mortgage professionals to continue learning, with shows covering industry updates, business advice and the experiences of other pros in the mortgage industry. Mortgage Marketing Radio.

Loan Officers 407

Loan Officers Mortgage Lending Modernization 407

Housing Wire

SEPTEMBER 26, 2023

Acra Lending , a private mortgage lender, announced its integration with Tavant ’s Touchless Lending Collateral Analysis. This partnership marks a milestone in Tavant’s expansion into non-QM lending. Collateral Analysis is a proprietary product of Tavant’s Touchless Lending automation platform.

Lending 338

Lending Technology Design Investors 338

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending 433

Lending Loan Officers Mortgage Government 433

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 362

Lending Tools Inventory Renovations 362

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. About 16.8%

Retail 406

Retail Loan Officers Lending Business 406

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands.

Lending 347

Lending Finance Loan Officers Legal 347

Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. Expected to close around Oct. It funded $5.1

Lending 298

Lending Retail Legal Loan Officers 298

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. First Financial Bank’s plan also includes investments in small-business lending and donations to organizations that create and preserve affordable housing.

Investing 321

Investing Mortgage Lending Loan Officers 321

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator. His team will be making the move with him.

Loan Officers 352

Loan Officers Retail Lending Mortgage 352

Housing Wire

OCTOBER 11, 2023

Leading property data and analytics company CoreLogic ’s newly launched digital mortgage platform (DMP) aims to streamline the mortgage process and improve efficiency for lenders. CoreLogic acquired digital mortgage tech provider Roostify in February. It then tailors that data to the home-buying process.

Mortgage 336

Mortgage Loan Officers Technology Lending 336

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive.

Mortgage 386

Mortgage Lending Loan Officers Design 386

Housing Wire

APRIL 23, 2024

Guaranteed Rate made two significant executive appointments, the Chicago -based mortgage lender announced on Monday. CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending.

Loan Officers 416

Loan Officers Real Estate Brokerage Business 416

Housing Wire

FEBRUARY 28, 2023

Virginia-based mortgage bank Prosperity Home Mortgage, LLC has acquired the assets of Arizona-based JFQ Lending, LLC to explore the direct-to-consumer channel. Full-service mortgage company Prosperity, a subsidiary of HomeServices of America , originated about $8.5 billion in June 2022 to $460 million in December 2022.

Lending 316

Lending Loan Officers Government Realtors 316

Housing Wire

FEBRUARY 16, 2024

Cautious optimism is prevalent in the mortgage industry for 2024 as industry professionals anticipate the recovery of lost origination volume. Our mission is to help loan originators become better at what they do in every aspect of their business and in their life,” Braheem said.

Mortgage 368

Mortgage Marketing Loan Officers Training 368

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. billion.

Lending 335

Lending Retail Loan Officers Mortgage 335

Housing Wire

AUGUST 17, 2023

Reflecting the housing industry’s headwinds, just 16 mortgage lenders and brokers made the annual list of Inc. It’s a sharp decline from 2022, when nearly 70 mortgage lenders and brokers were named. The top mortgage lender on the Inc. Zap Mortgage (no.294) Zap Mortgage (no.294) Trius Lending Partners (no.678),

Loan Officers 359

Loan Officers Mortgage Development Lending 359

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

Lending 293

Lending Loan Officers Mortgage Investors 293

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported. Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards.

Mortgage 412

Mortgage Lending Law Loan Officers 412

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%. Really struggling.

Loan Officers 405

Loan Officers Mortgage Buyers Finance 405

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

Lending 442

Lending Mortgage Technology Business 442

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 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.

Lending 333

Lending Loan Officers Training Investors 333

Housing Wire

APRIL 26, 2023

With few homeowners willing to give up their low mortgage rates, Mike Roberts has shifted his focus to targeting first-time homebuyers. A first-time homebuyer requires a tremendous amount of nurturing,” said Roberts, the president and founder of City Creek Mortgage. “A Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officers 388

Loan Officers Mortgage Inventory Clients 388