Housing Wire
MARCH 7, 2025
Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer. Smith joined the company in 2002 and quickly became a top producer, earning a spot in the UHM President’s Club for his standout origination volume and customer service efforts.
Housing Wire
OCTOBER 28, 2022
The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training. The company was established in 2002 in Georgia. It currently operates in 31 states across more than 105 branches.
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Housing Wire
FEBRUARY 7, 2023
Legacy, headquartered in Albuquerque, New Mexico, was founded in 2002 and purchased by its CEO Jack Thompson in 2006. The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs.
Housing Wire
JANUARY 10, 2024
In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000. billion in loans in 2023. AmCap, founded in 2002, is a much smaller lender. Terms of the acquisition, including financial information, were not disclosed.
Housing Wire
OCTOBER 27, 2022
Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.
Housing Wire
DECEMBER 27, 2022
The 2002 housing market has been a tale of two halves,” said Green. Loan officer headcount in the industry could decline by 45% from last year’s estimated 353,120 LOs nationwide, which expanded by 34% from 2019, according to projections from Stratmor Group. By September, a full-fledged housing market recession had set in.
Appraisal Buzz
MAY 17, 2021
Between 2002-2005 in many markets, the real estate market was scorching, much like it is today. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Some appraisers are reticent to address increasing trends now.
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