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. It’s a different approach to lending. It’s the local relationships.

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Mortgage Loan Officers Lending Retail 352

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. Another priority for AmeriFirst Financial is for loan officers to target potential homebuyers before they hit the market.

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Loan Officers Mortgage Real Estate Agent Business 342

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. US Mortgage is a national company. We are actively recruiting throughout the country.

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Mortgage Loan Officers Investors Business 319

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.

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Lending Mortgage Technology Business 450

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program.

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Loan Officers Mortgage Real Estate Agent Real Estate 354

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better.

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Loan Officers Retail Clients Real Estate Agent 390

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. billion in loan origination volume in 2021.

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Mortgage Loan Officers Lending Real Estate Agent 380

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. billion, up 103.3%

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Mortgage Marketing Retail Lending 519

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans.

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Technology Design Lending Real Estate Agent 379

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Join a real estate team that can handle administrative work.

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Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

MARCH 15, 2021

In Ishbia’s estimation, these two companies, which both have retail operations, are trying to cut the broker out of the mortgage equation. Rocket is training real estate agents to originate loans, and Fairway is trying to poach loan officers, he claims.

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Real Estate Agent Loan Officers Retail Training 382

Housing Wire

APRIL 18, 2023

The outside distributor retail is a hedge against the call center in the different environments. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

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Retail Business Agents Loan Officers 317

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

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Real Estate Agent Retail Real Estate Design 381

Housing Wire

JANUARY 24, 2023

. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the lender said in a statement. LO compensation Regulation Z under the Truth in Lending Act protects Americans when they use consumer credit.

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Lending Law Legal Training 354

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. At UWM we focus on our client service, operational efficiency and speed to close loans. Blink+ is a white-label, borrower-facing digital application tool.

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Tools Training Technology Clients 302

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

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Lending Real Estate Agent Loan Officers Retail 377

Housing Wire

NOVEMBER 10, 2020

So when that happens, you don’t originate, you don’t lend at par for something at 88. But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio. And non-QM loans in my experience are harder.”.

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Business Mortgage Investors Loan Officers 424

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.

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Loan Officers Mortgage Lending Real Estate Agent 386

Housing Wire

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus.

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Lending Real Estate Agent Real Estate Technology 363

Housing Wire

AUGUST 16, 2023

Guild doesn’t have a refi wrecking ball like Rocket Mortgage or a loyal network of adoring broker fans like UWM , but it has quietly assembled an impressive collection of retail branches in key markets in recent years. But we feel pretty good about how many LOs converted from retail to wholesale. Guild originated $4.5

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Retail Real Estate Agent Business Mortgage 344

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

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Mortgage Brokerage Retail Business 441

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. If it wants the loans ‘clear to close,’ borrowers would need to have to wait for their closer to get the package out.

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Investing Loan Officers Retail Mortgage 404

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? Ryan’s blog focuses on local real estate agents and market conditions, a most excellent method of becoming the “go-to” appraiser and getting lots of referrals from agents. from 0.75 (including the origination fee) for 80 percent LTV loans.

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Reconsideration of Value Appraisal Real Estate Insurance 69

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 81

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Get started as a luxury real estate appraiser. from 1.02 (including the origination fee) for 80 percent LTV loans. percent from 5.36

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Appraisal Insurance Real Estate Business 52