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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. Learning to utilize that technology for a database that can be used to maintain constant contact with clients and retain business was crucial, Smallwood said. “We’re

Retail 369
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What mortgage lenders need to know about wholesale

Housing Wire

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. DS: The growth of the channel has been significant, especially in terms of technology. HW: How has wholesale changed over the past 2–3 years?

Mortgage 361
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Lower has a round of layoffs to “weather upcoming rate hikes”

Housing Wire

“We’ve right-sized areas of our business impacted the most by this volatile market, such as refinance, operations, training, and recruiting,” Lindsey LeBerth, the company’s director of communications, wrote in an email to HousingWire. “In In August, Lower announced that Honor Home Loans , founded by U.S.

Retail 384
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Interfirst to lay off 140 employees

Housing Wire

The company’s job cuts include human resources, technology, talent acquisition, and executive assistant positions. Godin relaunched the business in late 2019 as a lender focused on both wholesale and retail channels. The workforce reduction is also focused on mortgage loan production.

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How AI and a changing rental market will shape property management in 2024

Housing Wire

AI can also help close the gap with entry-level talent by reducing the amount of training needed to get started in a role. These flexible services can attract and retain a modern set of residents who are used to flexible models and digital payment options on their favorite retail sites and online banking platforms.

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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc. This new role has challenged me to learn another side of mortgage retail originations.

Lending 338
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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc. This new role has challenged me to learn another side of mortgage retail originations.

Lending 329