Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Waggoner’s professional career spans 18 years in the mortgage industry. Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”.

Loan Officers 362

Loan Officers Mortgage Technology Tools 362

Housing Wire

JUNE 28, 2023

For the mortgage industry, more often it’s about making the very hard choices these days – exiting a channel, deciding which star performer to let go, etc. After all, the average retail lender lost nearly $2,000 per loan in the first quarter, and I expect losses to be similar in Q2 and elevated in Q3.

Mortgage 358

Mortgage Retail Investing Open Houses 358

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. Diving deeper into the current reverse mortgage business environment, she offered additional perspectives on multiple topics.

Mortgage 364

Mortgage Clients Loan Officers Tools 364

Housing Wire

FEBRUARY 10, 2023

Nashville, Tennessee-based mortgage lender Guaranty Home Mortgage Corporation (GHMC) has rolled out its new borrower online application portal, GAssist. The tools are housed within the secure application portal. Guaranty Home Mortgage was founded in 1986 as Guaranty Trust and became an independent mortgage banker in 2019.

Retail 367

Retail Tools Loan Officers Design 367

Housing Wire

MARCH 6, 2024

California-based mortgage lender CMG Financial will partner with fintech Sagent for seven years as it brings its servicing business in-house. After an exhaustive search, it was clear Sagent was the right servicing fintech partner with deep mortgage expertise plus highly configurable platforms needed to realize our homeowner-first vision.”

Loan Officers 358

Loan Officers Retail Tools Investors 358

Appraisal Buzz

MAY 3, 2024

Patelco Credit Union is now using the Empower LOS from Dark Matter Technologies to streamline and bolster home loan and home-equity origination. Patelco is California’s fourth-largest credit union mortgage lender by number of loans closed annually.

Loan Officers 195

Loan Officers Modernization Retail Tools 195

Housing Wire

FEBRUARY 14, 2023

Insellerate Modern CRM, Engagement & Customer Intelligence Platform Insellerate helps loan officers close more loans with our award-winning modern CRM, Lead Management, and Engagement platform, which handles all your lending channels, retail, wholesale, TPO, Consumer Direct, and Reverse.

Loan Officers 322

Loan Officers Modernization Real Estate Agent Retail 322

Housing Wire

DECEMBER 1, 2022

San Diego, California-headquartered retail lender Guild Mortgage is staying true to its words of expanding through acquisitions. Mary Ann McGarry, Guild’s CEO, said that the company is patient in closing a deal and has been in conversations to acquire Inlanta Mortgage for about a year. billion in the previous quarter.

Mortgage 385

Mortgage Retail Loan Officers Tools 385

Housing Wire

MARCH 15, 2021

HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. HW: What are some strategies that retail lenders should look at adopting from direct-to-consumer lending? According to the J.D. Power 2020 U.S.

Lending 392

Lending Retail Mortgage Loan Officers 392

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.” Numerous shops, including Better.com , Interfirst Mortgage , and Freedom Mortgage have announced layoffs in the past few weeks, and some LOs worry their jobs may also be on the chopping block.

Loan Officers 437

Loan Officers Retail Business Mortgage 437

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 304

Tools Training Technology Clients 304

Housing Wire

FEBRUARY 16, 2024

For most of its history, New American Funding (NAF) has focused on organic growth, but earlier this month, the company acquired Draper and Kramer Mortgage Corp. 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.

Loan Officers 400

Loan Officers Retail Clients Real Estate Agent 400

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Loan Officers 362

Loan Officers Training Business Retail 362

Housing Wire

JULY 25, 2022

But make no mistake, even in a down mortgage market lenders are still dangling signing bonuses to recruit high-producing LOs who can eat what they kill. Distributed retail is still a relationship-based business, especially in a purchase-dominated market. The key to attracting and retaining mortgage talent in turbulent times.

Marketing 347

Marketing Retail Loan Officers Mortgage 347

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?

Loan Officers 344

Loan Officers Retail Mortgage Tools 344

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. That’s 2.4

Retail 391

Retail Tools Lending Technology 391

Housing Wire

OCTOBER 12, 2022

The companies say together they will drive digitization and enable relationships across the mortgage ecosystem, “from title and settlement agents to real estate professionals.”. The announcement comes shortly after Guaranteed Rate walked away from talks to acquire Finance of America ’s forward mortgage retail channel.

Law 394

Law Real Estate Retail Agents 394

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. It’s time for lenders to finally prepare themselves for mortgage lending in a fully digital world.

Lending 457

Lending Mortgage Technology Business 457

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.” Instead, lenders should focus on identifying the right tools for the job and setting realistic expectations for each.

Technology 389

Technology Design Lending Real Estate Agent 389

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 350

Lending Technology Tools Loan Officers 350

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Mortgage 385

Mortgage Loan Officers Retail Finance 385

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. To learn more about Encompass, visit [link].

Modernization 67

Modernization Technology Appraisal Mortgage 67

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage. More emotion.

Marketing 247

Marketing Realtors HOA Technology 247

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

FEBRUARY 8, 2023

When mass-market loan origination systems emerged on the scene in the early 1990s, they revolutionized the mortgage workplace by allowing originators to save loan files on a personal computer and share them across local networks — a huge step up from typewritten applications and mainframe computing.

Loan Officers 71

Loan Officers Technology Lending Transportation 71

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgage 446

Mortgage Brokerage Retail Business 446

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.

Loan Officers 398

Loan Officers Mortgage Lending Real Estate Agent 398

Housing Wire

AUGUST 16, 2023

The biggest nonbank mortgage lenders in America saw improved performance in both origination and servicing segments in the second quarter, capitalizing on the continued mortgage pullback from banks. As we’ve reported, that trend looks sticky, which could help change the fortunes of top independent mortgage banks sooner than expected.

Retail 352

Retail Real Estate Agent Business Mortgage 352

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. Of course, if I had to go back and pick a point in time that really changed mortgage data, it was the 2008 mortgage crisis and the regulations that followed.

Technology 419

Technology Loan Officers Lending Business 419

Housing Wire

AUGUST 17, 2022

Mortgage lender Angel Oak Home Loans has implemented SimpleNexus ‘ all-in-one mortgage app to streamline its loan origination process. 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.

Lending 366

Lending Real Estate Agent Real Estate Technology 366

Housing Wire

JUNE 11, 2021

The mortgage landscape continues to become increasingly more competitive each day. 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. What’s worse?

Tools 308

Tools Mortgage Loan Officers Retail 308

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? The property and/or borrower cannot get a conventional loan. September 13, 2023) — Mortgage applications decreased 0.8

Appraisal 85

Appraisal Real Estate Agent Contracts Real Estate 85

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard.

Appraisal 78

Appraisal Contracts Real Estate Agent Mortgage 78

Appraisal Today

OCTOBER 14, 2022

Additionally, the tools available to both appraisers and appraisal reviewers have undergone iterative process changes and users have advanced further up the learning curve. NOTE: Please scroll down to read the other topics in this long blog post on unusual homes, mortgage origination stats, etc. Mortgage applications decreased 2.0

Appraisal 52

Appraisal Insurance Real Estate Business 52