Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

Mortgage 466

Mortgage Technology Tools Business 466

Housing Wire

SEPTEMBER 16, 2022

Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Loan Officer Leadership. 10 Loans a Month. The Loan Officer Podcast. Housing News.

Loan Officers 410

Loan Officers Mortgage Lending Modernization 410

Housing Wire

JUNE 5, 2023

As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

MARCH 15, 2023

The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. ChatGPT was launched in November 2022 by OpenAI.

Tools 370

Tools Training Business Development 370

Housing Wire

JUNE 30, 2022

To further catapult wholesale channel growth, United Wholesale Mortgage (UWM) remains committed to developing proprietary technology and amplifying state-of-the-art training programs for mortgage brokers across the country. “At UWM recently launched an exclusive new marketplace called Boost.

Mortgage 369

Mortgage Real Estate Agent Clients Tools 369

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). The goal is to educate loan officers who are already Longbridge partners, as well as loan officers unfamiliar with reverse mortgages, on how big of an opportunity reverse purchase financing presents, especially in the current market.

Finance 458

Finance Real Estate Agent Real Estate Insurance 458

Housing Wire

AUGUST 31, 2022

Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. Precision analytics and easy-to-use solutions that don’t require specialized training are major reasons why lenders choose CreditXpert’s platform.

Mortgage 370

Mortgage Clients Loan Officers Finance 370

Housing Wire

OCTOBER 22, 2021

Rocket Pro TPO supports broker partners in a number of ways by giving them tools, training, leads and referrals and industry knowledge that may be otherwise difficult for a small brokerage to access. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. .

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Tools Clients Technology Real Estate Agent 384

Housing Wire

OCTOBER 22, 2020

Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. The analysis may expose training needs for respective production teams. And finally, there are great tools available that can augment a sales team’s abilities.

Mortgage 480

Mortgage Training Contracts Loan Officers 480

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 397

Marketing Real Estate Agent Loan Officers Advertising 397

Housing Wire

NOVEMBER 23, 2022

Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As ” Trudy Kelly, senior loan officer at Churchill Mortgage.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

AUGUST 31, 2020

The third type of automation included in Indecomm’s continuum is supervised automation, which involves human oversight for the ongoing training of machine learning algorithms and engines and exception processing to handle fall-outs from any automation effort. That is where supervised automation comes in.”. State of Mortgage Automation.

Lending 410

Lending Technology Tools Training 410

Housing Wire

JUNE 10, 2022

Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 410

Marketing Real Estate Agent Lending Real Estate 410

Housing Wire

AUGUST 7, 2020

If your loan officers don’t have the resources to handle the inbound volume, they may not be able to follow up with every lead, which can lead to lost revenue. Uncovering sales efficiencies is the key to not only closing more loans but also helping to close them faster,” Lyman said. “If Drive internal technology adoption.

Technology 384

Technology Tools Loan Officers Business 384

Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. It just matters that your team is given the tools it needs to stay compliant.

Training 397

Training Lending Loan Officers Technology 397

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. In addition to our popular bank statement loans, DSCR loans are also seeing a high demand for those getting into the rehab and rental markets. Yes, we offer training and webinars. We have in-house underwriters.

Marketing 370

Marketing Lending Loan Officers Training 370

Housing Wire

FEBRUARY 15, 2022

Danny Yen, who masterminded a fraudulent continuing education scheme involving hundreds of loan officers, has agreed to settle with state financial regulators for $75,000. The NMLS requires that every LO spends an average of eight hours on an annual basis to recertify their national license.).

Loan Officers 370

Loan Officers Law Tools Mortgage 370

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 432

Lending Loan Officers Business Investors 432

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officers 370

Loan Officers Training Development Technology 370

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. “They’re doing the same exact training every single year, ” he said. LOs often lose focus during CE classes, he told HousingWire.

Loan Officers 384

Loan Officers Law Training Lending 384

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 431

Loan Officers Mortgage Lending Real Estate Agent 431

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection. Who is eligible to take advantage of them?

Modernization 397

Modernization Appraisal Inspection Valuation 397

Housing Wire

DECEMBER 20, 2022

I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. CK: Has there been layoffs at Loan Factory as well? Nguyen: I would say more than 100 layoffs at Loan Factory, and many of them also left voluntarily. Nguyen: I do have a team that works for me and supports me.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Here are a few examples of typical title agency processes generally addressed by staff today, but which soon could be managed efficiently and cost-effectively by AI tools. Things like: “How long until the closing?

Loan Officers 384

Loan Officers Agents Realtors Clients 384

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. What marketing tools will you use to help me? Whether you prefer phone, email, or text, look for an agent that is comfortable using the communication tools you prefer. Don’t have an agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

APRIL 24, 2023

Our proprietary predictive analytics engine has been trained on nearly one billion credit inquiries. A single click allows the loan officer to show them their potential and exactly what it will take to get there. CreditXpert is a data science company. Our artificial intelligence (AI) quickly identifies an applicant’s mid-score.

Business 384

Business Loan Officers Training Tools 384

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Show off your lending expertise Help buyers navigate this stressful part of the home purchasing process by breaking down the different types of loans and financing terms out there.

Real Estate 410

Real Estate Agents Real Estate Agent Clients 410

Assurance Financial

DECEMBER 20, 2021

Living in a city might also make travel more accessible due to access to airports and train stations. Take inventory of all your belongings by categorizing them into certain groups, such as clothing, appliances, kitchen tools and toys. How to Downsize Your House. Linked sources: [link]. The post When Should You Downsize Your Home?

Mortgage 69

Mortgage Renovations Buyers Investing 69

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. There’s 500,000 loan officers.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

NOVEMBER 5, 2020

It reminds me of the early 2000s, when the focus was growth and anyone who had a heartbeat could become a broker, whether they had proper training or not. There is a lack of financial literacy in schools and in many communities, and we want to help provide the tools people need to understand home buying and what that process looks like.

Mortgage 458

Mortgage Loan Officers Tools Training 458