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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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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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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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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Bonds Hold Their Ground After Weaker Retail Sales Data

Appraisal Buzz

Weaker Retail Sales Casts Vote For Range-Holding Wednesday’s CPI data was akin to some passionate political orator making a case for the country to go to war against low rates. The post Bonds Hold Their Ground After Weaker Retail Sales Data appeared first on Appraisal Buzz.

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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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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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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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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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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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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

3 Digital Checklists Every Retail Team Needs

GoForrmz

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.

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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[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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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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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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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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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.

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.

Citi names Brad Wayman head of U.S. mortgage

Housing Wire

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. retail banks. retail banking. “As Brad Wayman. Citigroup named Brad Wayman as head of U.S

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Angel Oak Opens 3 Branches to Expand Western Footprint

Appraisal Buzz

The retail lender’s expansion continues in key regions as the mortgage market remains steadfast. The post Angel Oak Opens 3 Branches to Expand Western Footprint appeared first on theMReport.com. The post Angel Oak Opens 3 Branches to Expand Western Footprint appeared first on Appraisal Buzz. Around The Web

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Townstone Financial files motion to dismiss CFPB redlining lawsuit

Housing Wire

a Chicago-based nonbank retail mortgage lender, filed a motion to dismiss a lawsuit the Consumer Financial Protection Bureau filed against the company in July. Mortgage Politics & Money CFPB Consumer Financial Protection Bureau ECOA Equal Credit Opportunity Act nonbank retail lender Redlining Regulation B Townstone FinancialOn Monday, Townstone Financial Inc. ,

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Major REIT, investment advisor announce strengthened collaboration

Mortgagebroker News

Multi-million transaction involves high-rise multi-residential tower and several retail assets

Pete Lunetto Named SVP of Credit for Interfirst

Appraisal Buzz

Thirty-year industry veteran to oversee credit and underwriting activities for both the company’s wholesale and retail channels in newly created role.

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NYCB Finalizes Acquisition of Flagstar

Appraisal Buzz

The combined company will feature nearly 400 traditional branches in nine states, and 86 retail lending offices across 28 states. The post NYCB Finalizes Acquisition of Flagstar appeared first on theMReport.com. The post NYCB Finalizes Acquisition of Flagstar appeared first on Appraisal Buzz.

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loanDepot Closes Residential Investment Property Mortgage Securitization

Appraisal Buzz

has closed Mello Mortgage Capital Acceptance 2021-INV4, a $371 million securitization of agency-eligible mortgages secured by residential investment properties, originated through its retail and partner channels. loanDepot Inc.

Guaranteed Rate to acquire Stearns Lending

Housing Wire

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.”

Calgary-based tech firm’s expansion to include mortgages

Mortgagebroker News

The firm said that it is looking to challenge established banks when it comes to retailer and consumer financial services

Black Knight Integrates Cloud LOS with LendingPad

Appraisal Buzz

Through this new multi-point integration, LendingPad now leverages the Optimal Blue PPE to enable wholesale, correspondent and retail lenders to generate real-time, compliant pricing scenarios regardless of their business. Black Knight Inc.

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JPMorgan Chase adds exec to correspondent team

Housing Wire

As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm. Overall, retail originations declined to $20.1

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Guild Expands Into the Northeast With Acquisition of RMS

Appraisal Buzz

San Diego-based mortgage originator grows its regional footprint and moves into the Northeast after deal with retail originator RMS. The post Guild Expands Into the Northeast With Acquisition of RMS appeared first on theMReport.com.

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Rates Move Higher; Pre-Fed Paralysis Despite Some Interesting Data

Appraisal Buzz

Pre-Fed Paralysis Despite Some Interesting Data Retail Sales down 1.3% and last month revised up to 0.9%? Core Producer Prices rising 0.7% in a single month (versus 0.5% forecasts). How about the eye-watering year-over-year Core PPI number at 4.8%?

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Successful mortgage lending starts with superior customer service

Housing Wire

HousingWire recently sat down with Insellerate CEO Josh Friend to discuss that very question and what strategies retail lenders should look to adopt from direct-to-consumer lending. HW: What are some strategies that retail lenders should look at adopting from direct-to-consumer lending?

U.S. Bank’s Fred Bolstad to speak at Spring Summit

Housing Wire

Fred Bolstad, executive vice president of retail lending at U.S. He leads both retail sales and operations, a channel that originated over $47 billion in 2020. Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4.

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