Jim Linnane tapped to lead retail mortgage lending at Flagstar

Housing Wire

Jim Linnane, the former head of retail at Stearns Lending , has joined Flagstar Bank as the president of the company’s distributed retail mortgage division. The post Jim Linnane tapped to lead retail mortgage lending at Flagstar appeared first on HousingWire.

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Union Home Mortgage promotes three to retail leadership positions

Housing Wire

Meanwhile, Steve Runnels will hold the role of vice president of retail sales, east division. In his new role, Wright will be responsible for amplifying the growth of the company’s retail division. Meanwhile, lenders’ margins are under pressure, mainly in the retail channel.

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Sprout Mortgage taps Wells Fargo veteran to lead retail

Housing Wire

Non-QM lender Sprout Mortgage is setting up a distributed retail operation, and it’s picked a veteran of Wells Fargo to lead the new division. Sprout hired former Wells Fargo executive Michael Johnson to expand Sprout’s consumer and retail sales channel, the company said Tuesday.

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How InstaMortgage convinced top broker shop to jump to retail

Housing Wire

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. The post How InstaMortgage convinced top broker shop to jump to retail appeared first on HousingWire.

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Flagstar Names Jim Linnane President of Distributed Retail Mortgage

Appraisal Buzz

Flagstar Bank has named Jim Linnane President of Flagstar’s Distributed Retail Mortgage division. In this role, he will be responsible for strategy, profitability, sales, growth, recruitment, and operations of Flagstar’s distributed retail mortgage business.

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Planet Home Lending Adds Caleb Mittelstet to Grow Retail Channels

Appraisal Buzz

After experiencing strength in distributed retail originations, national lender adds 20-plus-year veteran to its team to lead its Distributed Retail Sales Division. The post Planet Home Lending Adds Caleb Mittelstet to Grow Retail Channels appeared first on theMReport.com.

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UWM’s margin confidence & the coming wave of retail LOs

Housing Wire

He also provided details on “pricing adjustments” from Fannie Mae and Freddie Mac that have dinged some nonbank lenders of late, when top-performing retail LOs will make the switch to the broker channel, and why its competitors will suffer greatly once rates climb.

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Sprout Adds Michael Johnston to Grow Its Retail Presence

Appraisal Buzz

Non-QM lender expands its consumer and retail channels with the addition of 20-plus year former Wells Fargo executive. The post Sprout Adds Michael Johnston to Grow Its Retail Presence appeared first on theMReport.com.

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AmeriSave Names Leif Boyd Chief Production Officer of Retail

Appraisal Buzz

New head of the company’s Retail Division brings two decades worth of experience to the role. The post AmeriSave Names Leif Boyd Chief Production Officer of Retail appeared first on theMReport.com. The post AmeriSave Names Leif Boyd Chief Production Officer of Retail appeared first on Appraisal Buzz. Around The Web

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RoundPoint revs up retail operations with new leadership

Housing Wire

RoundPoint Mortgage has added three new senior executives to its management team, as it prepares to ramp up its retail operations. RoundPoint also hired a veteran of the retail mortgage sector, Scott Bristol, who previously oversaw national mortgage production at Flagstar Bank.

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Embrace Home Loans Hires Stephen Adamo as President of National Retail Production

Appraisal Buzz

Stephen Adamo has joined Embrace Home Loans as president, national retail production. The post Embrace Home Loans Hires Stephen Adamo as President of National Retail Production appeared first on Appraisal Buzz.

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Josh Lehr: Retail Lending vs. Direct: Leveraging Multiple Channels to Create Customers for Life

Appraisal Buzz

The post Josh Lehr: Retail Lending vs. Direct: Leveraging Multiple Channels to Create Customers for Life appeared first on Appraisal Buzz. PERSON OF THE WEEK: Mortgage lenders have made great strides in delivering a seamless all-digital mortgage experience.

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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. We’re not out building a retail person’s name.

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3 Digital Checklists Every Retail Team Needs


Digitize your retail checklists to improve daily operations and enhance the in-store experience for customers To ensure that your daily operations at your retail store are efficient and running smoothly, it is imperative that you have taken your paper checklists to digital.

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3 Digital Form Automations for Retail Teams


Elevate your retail collaboration and productivity with these powerful data collection automations Retail teams are faced with the challenge of providing an excellent customer experience all while maintaining low operating costs.

Healthy Mix of Refis and Purchases in July; Highest Rates in a Week as Retail Sales Surge

Appraisal Buzz

The post Healthy Mix of Refis and Purchases in July; Highest Rates in a Week as Retail Sales Surge appeared first on Appraisal Buzz. Refinancing and home purchases had a nearly even share of mortgage originations in July.

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How Digital Forms Simplify Retail Inventory


Learn how digital forms simplify retail inventory management with our powerful form builder and captured data Whether your retail store is a national brand or a small boutique, inventory management is a critical component of business operations.

Artificial Intelligence: Reshaping the retail industry

Valuation Review

Artificial Intelligence (AI), according to an article in CIOReview, will play a key role moving forward as online shopping supplants brick-and-mortar retail stores with enterprises prioritizing AI. Additionally, AI can transform every facet of retail business

Welcome to Walmart. Here’s your mortgage

Housing Wire

Lenders One Cooperative announced on Monday that it has struck a deal to lease retail space in Walmart stores to sell mortgage products and services. ” Walmart isn’t the first warehouse-style retailer to offer mortgage products on location.

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From Industrial to Retail: A Deep Dive into Evaluating Commercial Real Estate

The Robert Weiler Company

Swimming in Success: Restaurant and Retail Space. Of all the subtypes of commercial real estate Ohio has to offer, restaurant and retail space are perhaps the most “fun.”

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Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. The retail lender originated $56.6

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Movement Mortgage lays off 170 employees

Housing Wire

The retail lender has historically focused on purchase loans, but, like many lenders, built up an infrastructure over the last two years to originate more refinances in a lower interest rates landscape.

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[Inside Edition TV] The Fifth Avenue Retail Apocolypse?

Miller Samuel

Real estate brokerage firm Cushman & Wakefield wrote a research piece on the prime Fifth Avenue retail corridor from 49th Street to 60th Street that was covered in a widely read Wall Street Journal article called Fifth Avenue Losing Luster as Vacancies Climb, Rents Fall.

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As the market turns, Guild says it’s better prepared than its rivals

Housing Wire

But Guild’s executives believe the retail lender is well positioned to succeed in a lower-volume environment, whether it’s organically or through acquisitions. Guild, a purchase-focused lender with a distributed retail model, reported on Thursday a $36.8

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Inside the Walmart, Lenders One mortgage deal

Housing Wire

This is not the first deal amongst mortgage lenders and big-box retailers: Costco has a partnership with Ohio-based CrossCountry Mortgage , which in 2020 acquired First Choice Loan Services , inheriting Costco’s mortgage program. Partnering other retail companies is not off the table.

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LoanDepot’s profit margins keep dropping

Housing Wire

The Tuesday filing shows that loanDepot, the nation’s second-largest retail lender, originated $25.1 Like most retail lenders, the firm has done a disproportionate amount of business through refinancings.

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5 Reasons Why Banking on the Future of Retail Rental Space is a Brainy Choice

The Robert Weiler Company

Just as many today predict an all-digital retail environment, a final death blow to brick-and-mortar retail rental space, so have they expected the long-coveted “paperless office.” Partnering With the Experts for the Retail Rental Space of Your Dreams.

Interactive Mortgage to lay off 51 amid heavy losses

Housing Wire

Mortgage layoffs mortgage layoffs retail lendingCalifornia-based mortgage lender WinnPointe Corporation , doing business as Interactive Mortgage , has started a reduction in its workforce of around 180 employees, after suffering more than $1 million dollars in losses. .

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Princeton Mortgage’s Rich Weidel on how small shops can still compete with Rocket and UWM

Housing Wire

He wondered how a smaller retail-and-wholesale shop could possibly compete with the likes of Rocket Companies , with massive budgets for technology and an ability to scale and expand margins. Rich Weidel, the CEO of family-owned and operated lender Princeton Mortgage , was scared.

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Tech-centered mortgage lenders top Inc. 5000 list

Housing Wire

Mortgage Proptech arcus lending HWplus instamortgage mortgage tech mortgage technology NXT Capital Princeton Mortgage retail mortgage statewide fundingOver 70 mortgage lenders and brokers made the cut on Inc. Magazine’s list of the 5,000 fastest growing companies in America for 2021.

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Rocket Companies’ plan to transcend mortgage

Housing Wire

Mortgage Real Estate Consumer Direct direct lending Earnings Earnings call HWplus Mortgage Earnings retail lending Rocket Companies Rocket Mortgage wholesale lendingRocket Companies CEO Jay Farner. Rocket Companies is not content with merely being America’s largest lender.

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LoanDepot to IPO this week at possible $6.2B valuation

Housing Wire

But it concedes that its retail strategy is more fully baked. LoanDepot originated 72% of the company’s loans in 2019 via its 2,000-member strong retail channel, and 28% through its partner network.

LoanDepot cleared $2B in profits, but margins are shrinking

Housing Wire

In its financial disclosures, loanDepot noted that its retail and wholesale channels delivered $28.3 Mortgage Earnings earnings season IPO loanDepot retail lending

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Multi-Tenant Retail

Mores Appraisal Group

The post Multi-Tenant Retail appeared first on. Building in Lakewood, CA. Slider Home

Multi-Tenant Retail Center

Mores Appraisal Group

We appraised the partial ownership interest of a multi-tenant retail center with a fast-food pad restaurant located on Jarvis Avenue in Newark California for estate planning purposes. The post Multi-Tenant Retail Center appeared first on.

Growth of E-Commerce Continues to Shape the Retail and Warehousing Sectors

Willowbrook Valuation

The post Growth of E-Commerce Continues to Shape the Retail and Warehousing Sectors appeared first on Willowbrook Valuation & Advisory Services. If you bought something recently, it came to you at some point by truck.

Increase in COVID cases holding back employment numbers

Housing Wire

Seasonally adjusted employment in the retail trade sector also fell 35,000 this month, a reflection of weaker hiring than would be expected during the holiday season. Economic activity curtailed by the rising COVID-19 cases moderated the decline of U.S

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LoanDepot adds former HUD deputy secretary to board

Housing Wire

Like other lenders, retail-focused loanDepot has watched margins compress over the last few quarters as volumes slow and the overall market moves toward purchase business. Nonbank mortgage lender loanDepot appointed Pamela Hughes Patenaude , a former deputy secretary of the U.S.

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LoanDepot increases market share, but profits sink in Q2

Housing Wire

Mortgage Anthony Hsieh Consolidation Earnings earnings per share earnings season Featured loanDepot loandepot wholesale margin compression retail lending

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Minneapolis/St. Paul – 2019-2020 Commercial Real Estate Value Trends

Simonson Real Estate

Topics centered on valuation trends for the retail, industrial, office and multi-family property sectors. Retail. The gap between retailers that are doing well and those struggling is widening. World of relevancy in retail is key. I attended the 2020 Minneapolis/St.