Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years.

Loan officer wallets flatten as refis dry up

Housing Wire

To the surprise of virtually no one, loan officer commissions started to head south in the third quarter, dropping 17% year-over-year, according to SimpleNexus ’ third quarter mortgage loan compensation report. loans per month in Q3 2021, versus an average of 9.0

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Latest Senior Loan Officer Opinion Survey Indicates Easing Credit Standards

Eyes on Housing

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021.

The Loan Officer’s Guide to Appraisals Part 11:  ANSI Measurement Guidelines

Riverfront Appraisals

Welcome to the November edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loan officers to better understand the appraisal process.

Porch Group Acquires Floify, a Leading SaaS Provider for Loan Officers

Appraisal Buzz

a vertical software and InsurTech company, has acquired Floify , a provider of digital mortgage automation and point-of-sale software for mortgage companies and loan officers. Based in Colorado, Floify helps mortgage companies and loan officers create a better mortgage and.

Juan Farias: How Technology is Helping Loan Officers Enhance Client Relationships

Appraisal Buzz

The post Juan Farias: How Technology is Helping Loan Officers Enhance Client Relationships appeared first on Appraisal Buzz. PERSON OF THE WEEK: How is technology helping LOs enhance client and partner relationships in the post-COVID landscape?

How a noncompete ban would impact the mortgage industry

Housing Wire

Should the Biden administration make good on its threat, some loan officers, account executives and marketing personnel bound by such agreements would be able to switch jobs without fear of potential litigation from their employer. HousingWire Magazine delivered to your home or office.

The Loan Officer’s Guide to Appraisals Part 9: New Construction

Riverfront Appraisals

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process.

The Loan Officer’s Guide to Appraisals Part 12:  Frequently Asked Questions

Riverfront Appraisals

We made it to the end of a year-long series called the Loan Officer’s Guide to Appraisals! The post The Loan Officer’s Guide to Appraisals Part 12: Frequently Asked Questions appeared first on Riverfront Appraisals. Well, we did it!

Why 28% of mortgage applicants never close the loan

Housing Wire

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4

The Loan Officer’s Guide to Appraisals Part 10:  How Extraordinary Assumptions Are Used

Riverfront Appraisals

Welcome to the October edition of our blog series, The Loan Officer’s Guide to Appraisals. If you’ve been following along with us, you know this is part 10 in our year-long series on appraisals and the loan officer.

The Loan Officer’s Guide to Appraisals Part 8:  Appraiser Bias – Not Just About Color

Riverfront Appraisals

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. The post The Loan Officer’s Guide to Appraisals Part 8: Appraiser Bias – Not Just About Color appeared first on Riverfront Appraisals.

The Loan Officer’s Guide to Appraisals Part 6:  How are FHA Appraisals Different From Others?

Riverfront Appraisals

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 6: How are FHA Appraisals Different From Others?

The Loan Officer’s Guide to Appraisals, Part 1:  The Final Inspection

Riverfront Appraisals

Welcome to the very first post in our all-new series The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals. Hey friends!

HW+ Member Spotlight: Mark Jones

Housing Wire

As such, we were one of the few lenders in the country that refused to offer subprime loans. At the time, that decision cost us loan officers left and right as they departed for firms that would let them originate anything they wanted.

The Loan Officer’s Guide to Appraisals Part 4:  Tips for a Successful Reconsideration of Value

Riverfront Appraisals

This blog is part four of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 4: Tips for a Successful Reconsideration of Value appeared first on Riverfront Appraisals.

The Loan Officer’s Guide to Appraisals Part 7:  How Can the Appraisal Process be Sped Up?

Riverfront Appraisals

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. The post The Loan Officer’s Guide to Appraisals Part 7: How Can the Appraisal Process be Sped Up?

Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser

Riverfront Appraisals

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

The Loan Officer’s Guide to Appraisals Part 2:  Lending on Unique Homes

Riverfront Appraisals

This post is part two of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 2: Lending on Unique Homes appeared first on Riverfront Appraisals. Welcome back, friends!

In a purchase market, rookie LOs may struggle

Housing Wire

Rookies that pursued a career as mortgage loan originators in 2020 air dropped into a scintillating real estate market. HousingWire Magazine delivered to your home or office.

DataTrace launches market insight platform for title companies

Housing Wire

Other reports offered include trend, loan officer, and title/lender intersection reports that DataTrace said can be used to identify and compare relationships between title companies and lenders.

Who’s the customer in UWM’s wholesaler war?

Housing Wire

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? market share of loans originated by brokers, per IMF), gave America’s brokers an ultimatum to dump two other wholesalers (with 17.8%

The Loan Officer’s Guide to Appraisals Part 5:  What is bracketing and why do we do it?

Riverfront Appraisals

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. The post The Loan Officer’s Guide to Appraisals Part 5: What is bracketing and why do we do it?

Digital lender Beeline goes on a hiring spree

Housing Wire

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Veterans United Home Loans to host virtual career showcase Sept. 2

Housing Wire

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. Louis, and its branch offices in about 25 states.

This techie mortgage broker has cleared $1 billion in originations this year. And now Thuan Nguyen is scaling up

Housing Wire

In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. At that point, Loan Factory had about 200 loans and just 13 employees. The office was like a market,” Nguyen recalled. “It Quicken Loans , see how big they are?

LOs are only human — Tech is necessary to keep up with max loan volumes

Housing Wire

One of the drivers for a pivot to profit is that loans are expensive. According to the Mortgage Bankers Association, it costs an average of $7,535 to produce a loan. It also helps position LOs to better educate and advise customers on the right loan products for their needs.

Residential Real Estate Credit Standards Ease Slightly in Third Quarter

Eyes on Housing

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), lending standards and demand for residential real estate (RRE) loans both eased slightly in the third quarter of 2021.

Easing Credit Conditions in the Second Quarter

Eyes on Housing

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), showed that the market for commercial real estate financing (CRE loans) and residential real estate (RRE) financing eased compared to the first quarter.

Why Manufactured Housing Deserves a Fresh Look

Genworth MI Blog

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Remember when manufactured housing used to equate to mobile homes?

Why Manufactured Housing Deserves a Fresh Look

Genworth MI Blog

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Remember when manufactured housing used to equate to mobile homes?

Identifying the Top 3 Most Common Types of Mortgage Fraud

Genworth MI Blog

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision.

Identifying the Top 3 Most Common Types of Mortgage Fraud

Genworth MI Blog

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process. Loan officers, loan processors, and underwriters are all on the front lines when it comes to preventing mortgage fraud.

HousingWire Annual Demo: Evocalize

Housing Wire

Evocalize’s technology makes it simple for corporate teams and technology platforms to unlock the power of sophisticated digital marketing for loan officers, brokers and real estate agents. Collaborative Marketing Platform.

Real Estate Tech Demo Day: Adwerx

Housing Wire

Adwerx is the only digital advertising service designed specifically for leading mortgage lenders to automate compliant, individualized ads for loan officers and branches, and deploy digital marketing at scale to reach prospects directly, build brand awareness, and increase the productivity, recruiting, and retention of loan officers. #1. Adwerx.

Black Knight’s Borrower Digital POS solution simplifies the mortgage loan application process for borrowers

Housing Wire

Lenders have come to appreciate the benefits technology can bring – but those benefits are only useful if the implementation of new tools doesn’t make the loan process more complicated.

Mortgage Tech Demo Day: SimpleNexus

Housing Wire

Loan officers experience on-the-go productivity with integrated mobile origination tools and enhanced referral outreach with a shareable, cobranded app for real estate partners. See how mobile origination tools integrate with existing workflows to increase loan officer productivity. #3.

Agents, Don’t Skip the Appraisal

The Appraiser Coach

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 311

Mortgage Tech Demo Day: Adwerx

Housing Wire

The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Provide unprecedented ad personalization for every loan officer at your brokerage without lifting a finger. Adwerx Enterprise Platform.

Juneteenth holiday sparks chaos for lenders, LOs

Housing Wire

Reached Friday, many mortgage industry professionals were doing damage control — delaying closings, pushing back notices and modifying loans. One Orlando, Florida-based loan officer said she doesn’t mind the new Juneteenth holiday, but it did impact closings for several loans.

Agents, Don’t Skip the Appraisal

Appraisal Buzz

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their … Read More. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz.

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First American Docutech Expands eSign Experience

Appraisal Buzz

Through a partnership with SimpleNexus’ homeownership platform, Docutech technology reportedly will benefit more borrowers, loan officers, and lenders.

Why lenders should build a referral-based business

Housing Wire

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G.