Housing Wire

JANUARY 31, 2024

“We are thrilled to welcome the Montana team to our Evergreen family,” Robert Lipston, the company’s executive vice president of production, said in a statement. Department of Veterans Affairs (VA) and U.S. We’re excited to bring our personalized approach to mortgage solutions to the residents of Montana.”

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Government Mortgage 358

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. The product, which has no minimum down payment requirement, is expected to reach about 10% of the lender’s portfolio in 2024. Better’s rate for VA loans was 6.375% as of Tuesday afternoon, the company said. Eligible U.S. billion in Q3 2022.

Loan Officers 345

Loan Officers Finance Mortgage Lending 345

Housing Wire

NOVEMBER 7, 2023

loanDepot has appointed David Smith to the newly-created position of vice president of national VA lending, the company announced on Monday. In this role, Smith, a former Army sergeant, will oversee the lender’s VA lending strategy. Smith joined loanDepot in 2022 as a branch production manager.

Lending 297

Lending Real Estate Agent Real Estate Training 297

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. In terms of products, Gade said he will have the opportunity to access VA construction loans at UMortgage. million in VA loans, enough to become the top VA loan officer in the country, according to the Scotsman Guide. Gade originated $165.4

Loan Officers 420

Loan Officers Brokerage Retail Construction 420

Housing Wire

FEBRUARY 28, 2024

Although a boon for mid-to-high-production offices, the period from 2019 to 2023 has not been kind to larger companies. With fewer home sales come fewer purchase mortgages. Throughout the period, San Diego retained its distinctive preference for VA loans , as compared to the rest of California and the rest of the U.S.

Marketing 416

Marketing Mortgage Realty Brokerage 416

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. 7 loan officer in the country last year with a mortgage production volume of $326.5

Loan Officers 348

Loan Officers Mortgage Retail Lending 348

Housing Wire

OCTOBER 4, 2023

Purchase mortgage application volume, in particular, slowed considerably for the week ending Sept. Still, mortgage rates for home loan products across the board, including ARMs, pushed higher for the week ending Sept. Mortgage application activity is now at its lowest level since 1996, the MBA reported. from 14.1% the week prior.

Mortgage 476

Mortgage Contracts Marketing 476

Housing Wire

AUGUST 14, 2023

Overall rate lock volume was down 7% month over month, with purchase lending accounting for 88% of total lock activity, according to Black Knight ‘s originations market monitor report. Credit scores for conforming (754) and FHA (669) borrowers remained flat in July while VA dropped one point to 712 from June.

Housing Market 336

Housing Market Mortgage Inventory Lending 336

Housing Wire

AUGUST 28, 2023

Guild has been acquiring lenders to expand in local markets in a purchase mortgage-focused environment. Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex.

Mortgage 352

Mortgage Retail Loan Officers Construction 352

Housing Wire

MARCH 13, 2023

Rate and affordability pressures continue to challenge purchase lending, driving homebuyers to alternative loan products. Pipeline data from February showed overall rate lock dollar volume up 2% from January, with purchase locks rising 4%. That included a shift to jumbos, ARMs and other nonconforming products in the month.”

Mortgage 344

Mortgage Inventory Lending Marketing 344

Housing Wire

OCTOBER 20, 2022

on Wednesday announced that it has released an Attorney Opinion Letter (AOL) product for VA direct and VA-backed home loans as a compliant alternative to title insurance. AOL products have begun to proliferate the market since Fannie Mae made its announcement in April (Freddie Mac began accepting AOLS two years ago).

Insurance 386

Insurance Real Estate Finance Mortgage 386

Housing Wire

MARCH 13, 2023

Established in 1987, Cherry Creek offers a wide range of mortgage products including conventional, FHA, VA USDA, USDA, reverse mortgages and home renovation loans. Of the total origination volume in 2022, purchase mortgages accounted for 57% of the volume and refis consisted of 28%.

Mortgage 360

Mortgage Retail Renovations Loan Officers 360

Housing Wire

MARCH 28, 2024

Now we are hiring seasoned purchase loan officers with experience in nurturing customers in a higher rate environment,” Garg said. “We We are pleased to see early conversion improvements from this new operating model from the seasoned sales talent we are hiring, as well as better alignment between our production output and costs.

Loan Officers 389

Loan Officers Technology Investing Realtors 389

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

Agents 452

Agents Sellers Buyers Finance 452

Housing Wire

JULY 12, 2023

Purchase loans continue to claim a larger share of the origination pipeline as refinance opportunities dwindle, according to Black Knight ’s originations market monitor report. In June, purchase locks made up 88.4% Purchase lock counts were down 31% year over year and 29% compared to pre-pandemic levels in 2019.

Housing Market 313

Housing Market Marketing Lending Mortgage 313

Housing Wire

FEBRUARY 28, 2023

“By adding JFQ’s technology stack, proven sales process, and seasoned leadership team, Prosperity is well positioned to execute its goal of becoming a significant force in the consumer direct channel with an equal focus on purchase and refinance transactions.” However, amid a challenging mortgage market, monthly production fell from over $1.1

Lending 329

Lending Loan Officers Government Realtors 329

Housing Wire

OCTOBER 13, 2021

“An increase in home purchase applications offset a slight decline in refinances,” said Joel Kan, the MBA’s vice president of economic and industry forecasting. The seasonally adjusted purchase index increased 2% from the prior week; the unadjusted purchase index was 10% lower than it was a year ago.

Mortgage 414

Mortgage Contracts Government 414

Housing Wire

MAY 11, 2022

Conventional, Federal Housing Administration (FHA) and Veterans Affairs (VA) purchase loan application volume led the gain in mortgage application volume even as mortgage rates rose to 5.53%, marking the highest since 2009, according to Joel Kan, MBA’s associate vice president of economic and industry forecasting. from 11.1%

Mortgage 432

Mortgage Contracts Retail Buyers 432

Housing Wire

NOVEMBER 16, 2020

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Just need help deciding which program is the best fit for your upcoming home purchase?

Mortgage 485

Mortgage Insurance Real Estate Agent Real Estate 485

Housing Wire

JUNE 13, 2022

In a higher rate environment, lenders were more reliant on the purchase market for origination volumes. Purchase locks, which are not as rate-sensitive as refinancings, accounted for 82% of the entire share of rate locks in May, the largest slice since Black Knight’s Optimal Blue began tracking the data in 2018. .

Mortgage 374

Mortgage Government Lending Marketing 374

Housing Wire

APRIL 20, 2022

The seasonally adjusted purchase index dropped 3% from the week prior, according to the trade group. Purchase mortgage applications were down 14% from the same week a year ago. Home buyers have also seen their purchasing power erode, all while home prices keep rising. Ongoing concerns about rapid inflation and tighter U.S.

Mortgage 408

Mortgage Contracts Buyers 408

Housing Wire

JULY 10, 2022

The company’s monthly mortgage originations report also revealed that 82% of locks in June were purchases, the lowest share of refis since the company began tracking data in 2018. Cash-out refinance volume fell 13% from May, while rate-term refis fell 9% and purchase loans fell 11%.

Mortgage 347

Mortgage Marketing Home Value Government 347

Housing Wire

JANUARY 17, 2023

billion production volume in 2021. Purchase mortgages accounted for about 82.5% Our entire DNA is strictly built out of purchase, and what that means is purchase is the core of every system,” Messer said. . About 70% of Prosperity’s production comes from affiliate realtors.

Mortgage 363

Mortgage Real Estate Real Estate Agent Realtors 363

Housing Wire

FEBRUARY 9, 2022

while the purchase index dropped 9.6%. Compared to the same week one year ago, mortgage apps overall dropped 39.6%, with a sharp decline in refi (-52%) compared to purchase (-11.4%). The higher rate environment has already started to take its toll on production for originators. The VA apps rose to 10% from 9.1%

Contracts 381

Contracts Mortgage Inventory Buyers 381

Housing Wire

JANUARY 19, 2023

The lender offers a variety of mortgage products, including conventional, FHA, VA, jumbo, rural development loans. After posting production volume of $148.76 million in total volume in 2022, with 63% accounting for purchase mortgages and refis consisting of 32%. Guaranty Home Mortgage originated $68.76

Retail 358

Retail Mortgage Loan Officers Lending 358

Housing Wire

DECEMBER 2, 2020

The rates will be available on FHA purchase mortgages, FHA rate and term refinances, and FHA streamline refinances. The Conquest FHA announcement is the latest in a series of UWM product launches in 2020. Not all borrowers have qualified for the products, and to obtain the lowest rates borrowers have had to buy points upfront.

Mortgage 479

Mortgage Loan Officers Retail Valuation 479

Housing Wire

APRIL 14, 2022

Interfirst purchased refinance leads and sent them to Woodward to close. I can count on one hand the number of purchases that I did.” But Woodward struggled to originate purchase loans. “I So, it wasn’t a huge leap for me,” he told HousingWire. The work was not complex, he said. The closer, the better.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

AUGUST 17, 2023

5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. 5000 list notably relied on tech or niche products to generate volume. 5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans.

Loan Officers 364

Loan Officers Mortgage Development Lending 364

Housing Wire

AUGUST 24, 2022

Meanwhile, according to the MBA, the purchase index was down 0.5% Mortgage applications continued to remain at a 22-year low, held down by significantly reduced refinancing demand and weak home purchase activity,” said Joel Kan, MBA’s associate vice president of economic and industry forecasting, in a statement. this week, from 7.4%

Mortgage 356

Mortgage Government Retail Contracts 356

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

Clients 388

Clients Agents Buyers Sellers 388

Housing Wire

MAY 5, 2022

This week’s average purchase mortgage rate rose 17 basis points from the prior week’s 5.10%. A year ago at this time, 30-year fixed-rate purchase rates were at 2.96%. The government sponsored enterprise’s index accounts for purchase mortgages reported by lenders over the past three days. Refi applications dropped to 33.9%

Mortgage 364

Mortgage Buyers Government Lending 364

Housing Wire

AUGUST 24, 2022

UWM’s products announced Wednesday are available on primary and second home loans, with loans up to $350,000, according to the company’s website. UWM has been proactive in launching new products and reducing prices amid higher mortgage rates and shrinking loan volumes. They are not applicable in Texas.

Home Value 372

Home Value Investing Insurance Mortgage 372

Housing Wire

JUNE 24, 2022

Licensed in 49 states and the District of Columbia, FGMC offers mortgage loans for new home purchases and refinancings. The company offers a variety of loan products, including FHA , USDA , VA and non-QM loans. .” FGMC declined to comment further, and PIMCO did not immediately return requests for comment.

Retail 421

Retail Mortgage Investing Business 421

Housing Wire

FEBRUARY 20, 2024

Once charged with hitting the phones and churning refinance product, LOs are now asked to serve in much more of a financial advisory role. In fact, as origination volume surged, many lenders (and their production teams) reported experiencing cracks in their operational pipelines as they became overwhelmed by sheer volume.

Loan Officers 373

Loan Officers Technology Lending Tools 373

Housing Wire

OCTOBER 12, 2022

The company offers conventional, FHA, VA, USDA, jumbo and reverse mortgages. . According to the Modex data, almost 80% of the company’s production is conforming and 55% is purchases. . Summit is cutting, among others, 11 closing jobs, 10 underwriting staff, nine funding employees and eight senior underwriters, the WARN shows.

Human Resources 370

Human Resources Loan Officers Mortgage Development 370

Housing Wire

JUNE 30, 2021

During this period of significant opportunity for purchase transactions and refinances, brokers and wholesale correspondents (non-delegated) need to align to wholesale lenders that provide deep industry expertise, comprehensive products and efficient operational support to support their clients’ strategies. 1 VA, FHA and GNMA lender.”.

Mortgage 196

Mortgage Clients Training Government 196

Housing Wire

OCTOBER 19, 2022

Depositary banks such as JPMorgan Chase , Wells Fargo and Bank of America have already experienced double-digit contraction in their production in the third quarter, which is also expected of their non-depository peers. Meanwhile, the seasonally adjusted purchase index declined 3.7% The VA share fell from 10.9% from 13.5%

Mortgage 378

Mortgage Contracts Retail Marketing 378