Housing Wire

JUNE 2, 2022

Movement Mortgage will pay $75,000 to resolve allegations of racial discrimination, in violation of the Fair Housing Act, identified by undercover testers from the National Community Reinvestment Coalition. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019.

Mortgage 371

Mortgage Training Loan Officers Lending 371

Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

Housing Market 320

Housing Market Mortgage Marketing Real Estate 320

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. Steinway left Guaranteed Rate last month, eight years after he returned to the Illinois retail lender in January 2015.

Mortgage 344

Mortgage Loan Officers Lending Retail 344

Housing Wire

JANUARY 18, 2023

Like its competitors, Tennessee-based First Community Mortgage, Inc. (FCM) FCM) reduced the company’s size through 2022 amid a tough mortgage market. At the start of 2023, the company is investing in training the sales team on tactics to start growing the business again. Surprisingly, the landscape is helping.

Inventory 433

Inventory Mortgage Retail Training 433

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. In 2012, Dmitry Godin was seemingly on top of the world.

Mortgage 348

Mortgage Loan Officers Retail Training 348

Housing Wire

JANUARY 25, 2023

About 25 people from loanDepot ’s top producing team have joined boutique lender Revolution Mortgage to reunite with their former team lead. After Chevalier left for Revolution Mortgage in December, loanDepot gave the team an ultimatum to either work for another loanDepot team or leave, a former loanDepot employee told HousingWire. “We

Mortgage 351

Mortgage Loan Officers Retail Training 351

Housing Wire

NOVEMBER 23, 2021

Chicago-based Interfirst Mortgage Co. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators. To run the hub, the company hired Casey Nunn, a former Rocket Mortgage and Homepoint executive, as the vice president of wholesale lending.

Mortgage 363

Mortgage Loan Officers Retail Technology 363

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. billion in loan origination, according to mortgage tech platform Modex. “If

Loan Officers 332

Loan Officers Mortgage Real Estate Agent Business 332

Housing Wire

DECEMBER 5, 2022

Brian Covey, a high-profile vice president at loanDepot, is leaving the company after five years to join Revolution Mortgage , another direct-to-consumer retail mortgage lender which was founded in 2018. He also provided training to loan originators. Before his mortgage career, Covey competed with the U.S.

Training 385

Training Retail Mortgage Development 385

Housing Wire

OCTOBER 10, 2022

Ohio-based mortgage lender Lower imposed a round of layoffs last week due to market conditions, affecting 6% of its workforce, according to a spokesperson for the company. The Fed has increased the federal funds rate by 300 basis points so far this year to control surging inflation, resulting in a “ reset” of the mortgage market.

Retail 371

Retail Loan Officers Modernization Training 371

Housing Wire

MAY 25, 2022

Keller Mortgage , part of the kwx holding company, laid off operations positions in a conference call on Monday May 23, according to more than a dozen employees. “We remain committed to assisting our impacted employees and to growing our mortgage offerings over the long term.” There is no cost for the company to keep them.

Mortgage 388

Mortgage Loan Officers Retail Training 388

Housing Wire

MAY 6, 2022

Add Guild Mortgage to the list of lenders with profitability propelled by the servicing portfolio in the first quarter — a trend that will continue in the coming months, as pressure on origination margins will remain, executives believe. MSR values tend to initially increase as mortgage rates rise and borrowers are less likely to refinance.

Mortgage 361

Mortgage Retail Training Finance 361

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 355

Loan Officers Retail Real Estate Agent Real Estate 355

Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 367

Mortgage Training Business Transportation 367

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The workforce reduction is also focused on mortgage loan production. The lender is scheduled to lay off 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. The company is also laying off four people with the title of vice-president.

Human Resources 357

Human Resources Loan Officers Retail Training 357

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 412

Mortgage Loan Officers Lending Human Resources 412

The Robert Weiler Company

SEPTEMBER 23, 2021

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.

Retail 158

Retail Real Estate Business Training 158

Housing Wire

OCTOBER 28, 2022

Mortgage lender Homestar Financial Corporation on Friday announced appointing Gurp Bhandal as executive vice president of national production. Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi.

Retail 339

Retail Training Lending Mortgage 339

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 337

Loan Officers Training Business Retail 337

Housing Wire

JUNE 23, 2023

Pachiano shared an update on her career, industry insights on digitization and advice for anyone entering the mortgage industry. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. I would not call the mortgage profession a nine to five job.

Lending 321

Lending Retail Technology Mortgage 321

Housing Wire

JUNE 23, 2023

Pachiano shared an update on her career, industry insights on digitization and advice for anyone entering the mortgage industry. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. I would not call the mortgage profession a nine to five job.

Lending 311

Lending Retail Technology Mortgage 311

Housing Wire

AUGUST 15, 2023

Two former employees have filed a class-action lawsuit against Rocket Mortgage for allegedly failing to pay overtime wages. Defendants also said they had to attend mandatory training and tests without compensation. Defendants claim they were required to undergo extensive training “off-the-clock.”

Training 344

Training Technology Law Mortgage 344

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 363

Mortgage Loan Officers Lending Business 363

Housing Wire

JUNE 30, 2021

The Freedom Mortgage Wholesale Division offers their clients the industry’s most experienced sales and operational teams to support a full spectrum of products from conventional to government. Freedom Mortgage’s experienced account executives have an average tenure of 8.5 1 VA, FHA and GNMA lender.”.

Mortgage 196

Mortgage Clients Training Government 196

Housing Wire

MARCH 15, 2021

Before Thursday, March 4, John was an unabashed fan of United Wholesale Mortgage. His West Coast brokerage shop sent tens of millions of dollars in loans to the wholesale mortgage giant in recent years. Rocket is training real estate agents to originate loans, and Fairway is trying to poach loan officers, he claims.

Real Estate Agent 376

Real Estate Agent Loan Officers Retail Training 376

Housing Wire

NOVEMBER 2, 2023

loanDepot hired Richards in February 2018 to oversee its channels at that time — retail, wholesale , consumer direct and joint ventures — as well as processing, underwriting, closing and operational support functions. ” It also claimed the company needed its “COO to step up” when the market was booming.

Contracts 350

Contracts Legal Retail Training 350

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 302

Tools Training Technology Clients 302

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”.

Marketing 346

Marketing Retail Lending Mortgage 346

Housing Wire

MAY 19, 2022

Madison-based Fairway Independent Mortgage Corp. appears to be the latest mortgage lender to cut jobs due to the challenging origination market, showing that surging mortgage rates and home prices are now affecting companies with a high share of purchase loans in their portfolios. according to Inside Mortgage Finance.

Mortgage 416

Mortgage Technology Retail Training 416

Housing Wire

MARCH 24, 2021

A week after the deadline to pick sides in United Wholesale Mortgage ‘s “all-in” ultimatum to mortgage brokers, Fairway Independent Mortgage is speaking out. Then you might as well just go work for UWM retail. “I would say it’s in every mortgage broker agreement. .”

Real Estate Agent 380

Real Estate Agent Retail Real Estate Design 380

Housing Wire

JUNE 15, 2023

​​The Federal Reserve ‘s (Fed) interest rate hike pause will give the housing industry a cautious sigh of relief, but observers are already nervous that the rate-induced pain train won’t come to a complete stop for a while longer and volatility will remain. up from March’s projection at 3.3%; core PCE inflation at 3.9%

Mortgage 341

Mortgage Inventory Retail Housing Market 341

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years.

Investors 386

Investors Real Estate Lending Loan Officers 386

Housing Wire

AUGUST 21, 2020

A 30-year veteran in the consumer finance and mortgage industry, Hilzendeger will be assisting in the company’s growth, responsible for leading the mortgage servicing team and delivering customer experience. With 20 years of experience under his belt, Matt Tippets has been named Total Expert ’s chief product officer.

Human Resources 257

Human Resources Advertising Retail Training 257

Housing Wire

AUGUST 14, 2020

Mortgage lender NewRez is currently hiring for over 750 positions in its origination division. The company is seeking to fill positions in all four of its business channels – direct to consumer, JV/retail, wholesale and correspondent lending. Select jobs are also eligible for signing bonuses up to $20,000.

Human Resources 330

Human Resources Retail Training Lending 330

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. If UWM is not reducing brokers’ compensation to change the mortgage pricing, the initiative is only a pricing discretion, which would be permissible under the law. It quickly prompted antitrust lawsuits.

Lending 346

Lending Law Legal Training 346

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. Leonhardt claims CCM is number one in seven of the top 10 states in distributed retail. As a result, CCM had 4,200 in total, per NMLS.

Retail 345

Retail Mortgage Loan Officers Training 345

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Realtors 357

Realtors Technology Insurance Mortgage 357