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.

Mortgage 368

Mortgage Loan Officers Lending Retail 368

Housing Wire

JUNE 2, 2022

Movement Mortgage will pay $75,000 to resolve allegations of racial discrimination, in violation of the Fair Housing Act, identified by undercover testers from the National Community Reinvestment Coalition. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019.

Mortgage 396

Mortgage Training Loan Officers Lending 396

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 421

Mortgage Loan Officers Lending Human Resources 421

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending.

Mortgage 383

Mortgage Loan Officers Retail Technology 383

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. billion in loan origination, according to mortgage tech platform Modex. “If

Loan Officers 365

Loan Officers Mortgage Real Estate Agent Business 365

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 369

Mortgage Loan Officers Retail Training 369

Housing Wire

MAY 25, 2022

Keller Mortgage , part of the kwx holding company, laid off operations positions in a conference call on Monday May 23, according to more than a dozen employees. “We remain committed to assisting our impacted employees and to growing our mortgage offerings over the long term.” There is no cost for the company to keep them.

Mortgage 397

Mortgage Loan Officers Retail Training 397

Housing Wire

OCTOBER 28, 2022

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

Retail 393

Retail Training Lending Mortgage 393

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The workforce reduction is also focused on mortgage loan production. The lender is scheduled to lay off 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. Presented by: Acra Lending.

Human Resources 382

Human Resources Loan Officers Retail Training 382

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 369

Loan Officers Retail Real Estate Agent Real Estate 369

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 405

Mortgage Training Business Transportation 405

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. LO compensation Regulation Z under the Truth in Lending Act protects Americans when they use consumer credit. Ultimately, they would be denied access to mortgages. It quickly prompted antitrust lawsuits.

Lending 368

Lending Law Legal Training 368

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. .

Marketing 368

Marketing Retail Lending Mortgage 368

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years.

Investors 438

Investors Real Estate Lending Loan Officers 438

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. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At 1 wholesale mortgage lender in the nation for six years running.

Tools 306

Tools Training Technology Clients 306

Housing Wire

JUNE 30, 2021

The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government. Freedom Mortgage’s experienced account executives have an average tenure of 8.5 1 VA, FHA and GNMA lender.”.

Mortgage 197

Mortgage Clients Training Government 197

Housing Wire

AUGUST 15, 2023

Two former employees have filed a class-action lawsuit against Rocket Mortgage for allegedly failing to pay overtime wages. Defendants also said they had to attend mandatory training and tests without compensation. Defendants claim they were required to undergo extensive training “off-the-clock.”

Training 368

Training Technology Law Mortgage 368

Housing Wire

MARCH 15, 2021

Before Thursday, March 4, John was an unabashed fan of United Wholesale Mortgage. His West Coast brokerage shop sent tens of millions of dollars in loans to the wholesale mortgage giant in recent years. Rocket is training real estate agents to originate loans, and Fairway is trying to poach loan officers, he claims.

Real Estate Agent 397

Real Estate Agent Loan Officers Retail Training 397

Housing Wire

AUGUST 14, 2020

Mortgage lender NewRez is currently hiring for over 750 positions in its origination division. The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. Select jobs are also eligible for signing bonuses up to $20,000.

Human Resources 390

Human Resources Retail Training Lending 390

Housing Wire

AUGUST 21, 2020

A 30-year veteran in the consumer finance and mortgage industry, Hilzendeger will be assisting in the company’s growth, responsible for leading the mortgage servicing team and delivering customer experience. With 20 years of experience under his belt, Matt Tippets has been named Total Expert ’s chief product officer.

Human Resources 285

Human Resources Advertising Retail Training 285

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Then you might as well just go work for UWM retail. “I would say it’s in every mortgage broker agreement. .”

Real Estate Agent 384

Real Estate Agent Retail Real Estate Design 384

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.

Lending 396

Lending Real Estate Agent Loan Officers Retail 396

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. Leonhardt claims CCM is number one in seven of the top 10 states in distributed retail. As a result, CCM had 4,200 in total, per NMLS.

Retail 396

Retail Mortgage Loan Officers Training 396

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

Construction 148

Construction Loan Officers Training Lending 148

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Another loan closing today is for a real estate agent who is an investor and has done many mortgages in the past. I feel she’s going to know what the national average (for a 30-year fixed mortgage rate) is at around 6.8%. She’s well educated.

Loan Officers 423

Loan Officers Mortgage Lending Real Estate Agent 423

Genworth MI Blog

MAY 28, 2020

In this article, I will challenge conventional stereotypes and encourage you to explore manufactured housing as an emerging lending opportunity, positioned ideally for those savvy enough to see with different eyes. Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

Construction 78

Construction Loan Officers Training Lending 78

Appraisal Today

JULY 28, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, USPAP and Bias, Fannie changes, unusual homes, mortgage origination Futuristic in Folsom, CA, near Sacramento for $2,395,000 4bed 4.5+bath Varies widely around the country. == Mortgage applications decreased 1.8 What’s next?

Appraisal 79

Appraisal Contracts Mortgage Clients 79

Housing Wire

SEPTEMBER 2, 2022

Freedom Mortgage. Finance of America Mortgage. Enact Mortgage Insurance. SVP, Retail Lending Analytics Manager. AmeriHome Mortgage. Mortgage Coach. SVP, Retail. EVP, Training and Operational Support. Fairway Independent Mortgage Corporation. Synergy One Lending. Jory Beech.

Retail 374

Retail Realty Finance Technology 374

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. There are 12 principal forms used for a mortgage origination appraisal. bath, 5,258 sq.ft. Meet in person.

Appraisal 67

Appraisal Contracts Valuation Design 67

Housing Wire

APRIL 20, 2022

eVaults are an integral part of any end-to-end digital mortgage transformation. within the mortgage ecosystem. A portfolio lender, for example, might want to add an eVault to offer eClosings and eNotes that enhance their borrower experience and help them compete more effectively against national retail lenders.

Lending 355

Lending Investors Technology Business 355

Appraisal Today

MAY 19, 2023

NOTE: Please scroll down to read the other topics in this long blog post on hybrid appraisals, business tips, UAD info from Freddie, Fannie modernization, non-lender appraisals, unusual homes, mortgage origination stats, etc. = If you started appraising before AMCs took over, such as mortgage brokers, you had to do some marketing.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. The only reason for these changes are about a piece of the 11 TRILLION dollar mortgage market. Mortgage Lending In Q4 Hit Lowest Point Since 2014 Refinance mortgage originations hit low point this century.

Appraisal 52

Appraisal Contracts Inspection Clients 52

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS).

Technology 397

Technology Investing Investors Mortgage 397

Appraisal Today

FEBRUARY 16, 2024

Many downtown mixed-use buildings (retail and apartments) are in my city. NOTE: Please scroll down to read the other topics in this long blog post on appraiser fights back against bias accusation, ok behavior when taking Zoom CE classes, estate appraisal liability issues, unusual homes, mortgage origination stats, etc. =

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Appraisal Contracts Training Architecture 79