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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. million in funded purchase loans in Q4.

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Buyside launches a new home valuation pages feature

Housing Wire

Buyside’s new feature enables the millions of homeowners who are currently receiving a Home Valuation Report from Buyside, to now see a personalized Home Equity Dashboard. The post Buyside launches a new home valuation pages feature appeared first on HousingWire.

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Better.com in talks to raise $100M at $4B valuation: report

Housing Wire

It now has over 3,000 employees, mostly non-commissioned loan officers. Better.com sells its mortgages to Fannie Mae and Freddie Mac and then partners with sub-servicers to handle loan servicing. LoanDepot, which has both retail and wholesale divisions, is eyeing an IPO at a potential $15 billion valuation.

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Better.com snags $200 million in series D funding for $4 billion valuation

Housing Wire

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

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Better.com to go public via SPAC at $7.7B valuation

Housing Wire

Beyond that, it’s unclear if Better.com can thrive in a higher rate environment , when refi business falls and lenders typically rely on a human network of distributed retail loan officers or mortgage brokers to generate purchase business. valuation appeared first on HousingWire.

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Guild acquires small retail lender Legacy Mortgage

Housing Wire

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 operating environment for mortgage originators remains very challenging.

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How the buyer commission lawsuits could upend the relationship between agents and LOs

Housing Wire

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

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