Housing Wire

FEBRUARY 10, 2023

The GAssist portal will provide its partners, which include community banks, credit unions, and brokers, with tools that will allow them to better manage borrower expectations, from guided originations to processing tools, according to a press release on the roll-out. The tools are housed within the secure application portal.

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Retail Tools Loan Officers Design 370

Housing Wire

SEPTEMBER 11, 2023

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. The lender has about 80 loan officers and aims to hire up to 100 in states. How many times have they refi’d?

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Loan Officers Agents Retail Technology 393

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform.

Mortgage 393

Mortgage Loan Officers Open Houses Retail 393

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

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Loan Officers Mortgage Technology Tools 370

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

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. However, I really do look at this as a financial planning tool.”

Mortgage 409

Mortgage Loan Officers Investors Business 409

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 433

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 457

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. That’s why we started NAF Cash.

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Loan Officers Retail Clients Real Estate Agent 414

Housing Wire

SEPTEMBER 23, 2022

The acquisition will strengthen Thrive’s retail channel and bring with it new territories amidst arguably the most challenging mortgage market since the early 1980s. . Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023. “We

Mortgage 370

Mortgage Retail Loan Officers Technology 370

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 404

Housing Wire

OCTOBER 22, 2021

This week’s HW+ spotlight features Karen Mayfield, head of National Retail Sales at Wyndham Capital Mortgage. In her role, Mayfield is tasked with expanding on the company’s digital roots into the retail mortgage environment. Karen Mayfield: Loan officers. So why do I need an expensive loan officer?

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Loan Officers Retail Mortgage Tools 382

Housing Wire

DECEMBER 1, 2022

San Diego, California-headquartered retail lender Guild Mortgage is staying true to its words of expanding through acquisitions. Guild, a purchase-focused lender with a distributed retail model, reported a total in-house origination of $4.4 The executive mentioned before that companies should “ consolidate or exit the business.”.

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Mortgage Retail Loan Officers Tools 393

Housing Wire

OCTOBER 12, 2022

Stavvy , a fintech company at the intersection of lending and real estate, on Wednesday announced partnering with Guaranteed Rate , one of America’s largest nonbanks. The announcement comes shortly after Guaranteed Rate walked away from talks to acquire Finance of America ’s forward mortgage retail channel.

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Law Real Estate Retail Agents 393

Housing Wire

FEBRUARY 8, 2023

Sometimes mistaken for a lead-generation tool or customer relationship management (CRM) platform — but only by the uninitiated — a BIP enhances, rather than replaces, a lender’s existing technology investments by putting data in the driver’s seat of every sales and marketing engagement.

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Loan Officers Technology Lending Transportation 74

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. It also underwrites conventional loans and works as a marketing tool for LOs.

Mortgage 393

Mortgage Loan Officers Retail Finance 393

Housing Wire

AUGUST 17, 2022

The Atlanta mortgage lender, which offers agency and non-qualified mortgage (non-QM) products, will implement the tech firm’s Nexus Origination and Nexus Engagement tools. Its core features include an integrated home search, loan payments calculator and the ability to begin a loan application.

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Lending Real Estate Agent Real Estate Technology 370

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 424

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. And we’re also looking at changes for our wholesale lending technology to help streamline that. JA: First, privacy is a huge area.

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Technology Loan Officers Lending Business 450

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.

Mortgage 442

Mortgage Brokerage Retail Business 442

Housing Wire

AUGUST 16, 2023

Prepayment rates are likely to remain historically low for at least another year, homeowners’ equity positions are extremely strong, millions of homeowners have rates under 4%, and COVID-era loss mitigation tools give distressed borrowers loads of new options. But we feel pretty good about how many LOs converted from retail to wholesale.

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Retail Real Estate Agent Business Mortgage 370

Housing Wire

JUNE 11, 2021

Thanks to the convenience of online rate-shopping tools, a boost in consumer knowledge of the homebuying process, and a growing number of independent mortgage banks, it is now more difficult than ever to lock in a borrower. Any loan officer knows that securing a deal sometimes requires a reduction to margin. What’s worse?

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Tools Mortgage Loan Officers Retail 388

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? Remember the old mortgage broker days of visiting an office and chatting with loan officers? UPDATED No.

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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). I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. Is there room for more improvement?

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