Housing Wire

JUNE 5, 2023

Direct retail lender Revolution Mortgage has scooped up two of loanDepot ‘s top LOs, accelerating its plans to expand market share despite a tough origination environment. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.

Loan Officers 383

Loan Officers Mortgage Lending Retail 383

Housing Wire

NOVEMBER 9, 2022

Garth Graham, senior partner and manager of merger and acquisition activities for the Stratmor Group , said many of the layoffs in the IMB industry so far have involved employees working in support positions, with loan officer jobs being the last to be jettisoned. Charting the loan officer exit. Andrew Rhodes, Sr.

Loan Officers 407

Loan Officers Mortgage Retail Finance 407

Housing Wire

SEPTEMBER 7, 2023

The Atlanta-based lender has fully exited the retail channel, a change in strategy the company has been preparing for over the past few months. EPM’s CEO Eddy Perez had previously shared plans with HousingWire to double down on wholesale while scaling down its retail footprint. It’s all about the consumer. EPM originated $1.05

Retail 395

Retail Loan Officers Business Lending 395

Housing Wire

MARCH 6, 2023

struck a deal to acquire the retail division of Homebridge Financial Services , the companies announced on Monday. CMG Mortgage, which claims it originated more than $19 billion in 2022, said the M&A deal seeks to increase its footprint on the retail lending business. California-based CMG Mortgage, Inc.

Retail 383

Retail Lending Technology Mortgage 383

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. Voyles will be responsible for growing the retail division overseeing sales, operations and marketing as well as building on the existing framework, the company said Wednesday.

Retail 383

Retail Mortgage Loan Officers Lending 383

Housing Wire

FEBRUARY 7, 2023

The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs. The distributed retailer’s volume slipped to $2.7 Terms of that deal were also not disclosed.

Retail 383

Retail Mortgage Loan Officers Technology 383

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. “We still have retail, but we do believe that wholesale has the longest runway of growth and opportunity for us.” “Wholesale is growing. It’s a shift that is happening in the market.

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

NOVEMBER 10, 2022

Top-25 retail lender Movement Mortgage struck a deal to acquire Massachusetts-based retail firm Mortgage Network , multiple sources told HousingWire. . The transaction, confirmed by the companies, is a step to boost Movement’s presence on the East Coast amid shrinking loan origination volumes.

Retail 370

Retail Mortgage Loan Officers Legal 370

Housing Wire

NOVEMBER 10, 2022

Angel Oak Home Loans will exit its retail distribution channel following a sale of its retail offices to an unknown lender and servicer. The transaction follows Angel Oak Home Loans slashing 15% of its workforce, or 57 employees, in October. Details of the deal were not disclosed. . The lender originated $2.32

Retail 304

Retail Loan Officers Investors Lending 304

Housing Wire

MARCH 16, 2022

Tech-fueled retail mortgage lender InstaMortgage has merged with mortgage broker shop All Cal Financial , a rare example of a top-performing brokerage switching channels. As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. That means that they get more product options.

Retail 426

Retail Loan Officers Brokerage Technology 426

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Retail 401

Retail Mortgage Loan Officers Real Estate 401

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 416

Loan Officers Retail Lending Mortgage 416

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint.

Loan Officers 415

Loan Officers Retail Lending Renovations 415

Housing Wire

JANUARY 5, 2024

Top-10 mortgage lender Guaranteed Rate has filed a lawsuit against retail rival New American Funding over poaching. But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices.

Loan Officers 454

Loan Officers Retail Law Business 454

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. Companies may be struggling in one way or another.

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period. million) and Hugo Ortiz-Pulido ($21.21

Loan Officers 417

Loan Officers Retail Lending Mortgage 417

Housing Wire

FEBRUARY 14, 2024

is expected to expand the retail lender’s presence in Western states and also bring in expertise with builder products, Guild CEO Terry Schmidt said in an exclusive interview with HousingWire. With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers.

Retail 417

Retail Mortgage Loan Officers Construction 417

Housing Wire

APRIL 17, 2024

For Blue Sage, Aach said that the company’s loan officer portal will be a key element to help FCM reach its growth goals, since it provides specialized tools for LOs to do their jobs. “In FCM originated $2 billion in home loans last year through its wholesale and retail divisions, the company reported.

Business 417

Business Loan Officers Mortgage Lending 417

Housing Wire

FEBRUARY 6, 2024

To redesign the interface, the company collected feedback from more than 250 loan officers, demonstrating the company’s commitment to enhancing user experience. Insellerate’s services work across all lending channels, including retail , wholesale , TPO , consumer direct, recruiting and reverse.

Loan Officers 401

Loan Officers Retail Lending Marketing 401

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire. So this isn’t brand new,” Kidwell noted.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 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.

Loan Officers 395

Loan Officers Agents Retail Technology 395

Housing Wire

MARCH 30, 2023

New Jersey-based Homebridge Financial Services will lay off 139 employees in June, three months after the acquisition of its retail division by CMG Mortgage, Inc. In addition, the company’s CEO, Peter Norden, will act as executive advisor to CMG’s retail division to ensure a successful transition. mortgage lender by volume last year.

Retail 406

Retail Loan Officers Legal Technology 406

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. According to Rocket’s job post, the loan officer position is remote and requires a minimum of three years of experience in mortgage loan origination.

Loan Officers 367

Loan Officers Mortgage Retail Real Estate Agent 367

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. The distributed retail lender was the 19th-largest U.S.

Loan Officers 406

Loan Officers Legal Retail Finance 406

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. In 2023, he closed $925 million in loan origination volume, with 1,617 loans, which put him as the top originator on Scotsman Guide ’s top originators list.

Realty 403

Realty Loan Officers Retail Real Estate 403

Housing Wire

OCTOBER 18, 2023

For years broker channel evangelists told me that a down market would give them an edge on their retail brethren. “There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.”

Retail 512

Retail Loan Officers Brokerage Mortgage 512

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm. .’

Loan Officers 417

Loan Officers Brokerage Retail Construction 417

Housing Wire

JANUARY 11, 2023

For most of 2022, UWM had an aggressive pricing strategy in place to gain market share and attract loan officers from the retail to the wholesale channel. With the Game On initiative, the lender slashed prices across all loans by 50 to 100 basis points. . ” .

Loan Officers 446

Loan Officers Retail Real Estate Agent Government 446

Housing Wire

FEBRUARY 12, 2024

Bogle was at Chicago-based retail shop Draper and Kramer Mortgage Corp. Most of last year’s top-producing loan officers at DKMC are not transitioning to NAF, HousingWire reported. .” It originated nearly $642 million in loans in 2023, per mortgage tech platform Modex.

Marketing 406

Marketing Loan Officers Advertising Retail 406

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Representatives at both companies did not immediately reply to a request for comments.

Mortgage 427

Mortgage Loan Officers Retail Finance 427

Housing Wire

APRIL 18, 2024

expanding its mortgage retail lending footprint in the communities in which it operates. N early 58% of this total was conventional loans and 55% was purchase loans. As of Thursday, the bank had 155 sponsored loan officers, according to the Nationwide Multistate Licensing System (NMLS).

Mortgage 417

Mortgage Realty Loan Officers Retail 417

Housing Wire

APRIL 20, 2023

Distributed retail lender Guild Mortgage has picked up a top-producing team of loan officers, branch managers and back-office staff in California from rival retail shop Fairway Independent Mortgage.

Loan Officers 383

Loan Officers Retail Mortgage Investing 383

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. UWM on Thursday when filed a lawsuit in a U.S.

Contracts 437

Contracts Loan Officers Lending Retail 437

Housing Wire

MARCH 6, 2024

Newrez has had some notable departures lately, including top loan officer John Abraham , who joined The Money Store this month. It prides itself on being a fintech company that does retail lending. Newrez declined to comment on John’s departure. Before joining Newrez, John worked as the director of marketing at Freedom Mortgage.

Marketing 417

Marketing Loan Officers Retail Lending 417

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 367

Loan Officers Modernization Real Estate Agent Retail 367

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex.

Retail 395

Retail Mortgage Lending Renovations 395