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DataDigest: There are too many real estate agents and LOs. It’s a problem

Housing Wire

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. There are compelling arguments that the housing industry should shed far more agents and LOs than it currently is.

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Knock reverses course on loan officer pay cut

Housing Wire

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.

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Three can’t-miss panels for new real estate agents at HW Annual Oct. 3-5

Housing Wire

Beginning a career as a real estate agent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . This panel will cover home prices, the state of housing inventory, the future of mortgage rates and the housing recession.

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New G-Rate program allows sellers to permanently buy down their buyer’s mortgage rate

Housing Wire

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The final mortgage rate, however, will ultimately be different for every borrower’s situation.

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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website.

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Newrez launches mortgage JV with Georgia-based Keller Williams franchise

Housing Wire

New r ez has launched Onward Home Mortgage , a joint venture mortgage company in partnership with Keller Williams Georgia Legacy Group (GLCG). Through the partnership with agents at Keller Williams GLG, mortgage professionals at Onward Home Mortgage and Newrez will target borrowers in the Southeast United States.

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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

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