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Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

Logan Mohtashami: Regarding inventory, we had a slow train wreck happening for years, and I can explain in more detail. Unlike the housing bubble years, where credit pushed home prices with demand, we just had a raw inventory shortage with demand picking up for sure, but nothing like we saw from 2002-to 2005. Then this happened.

Training 459
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Union Home Mortgage adds two executive leaders

Housing Wire

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. After branching out into executive coaching and training, he founded UHM’s in-house training program, Partners Coaching Partners.

Mortgage 221
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Homestar names Gurp Bhandal EVP of national production

Housing Wire

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.

Retail 435
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Cleveland-area team brings 25 agents to fast-growing Real

Housing Wire

The pair launched the team in 2002, and it serves nine Ohio counties in the northeast part of the state, including Cleveland, Akron and Canton. The Kaim Team is a family operation, led by the brother and sister tandem of Michael Kaim and Tina Hivnor. Their parents also worked in real estate. Real provides the best of both worlds.

Agents 459
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Mortgage Bankers Association Taps Laura Escobar as Chair for 2025

Appraisal Buzz

Escobar joined Lennar Mortgage in 2002 as branch manager. Escobar is a 37-year mortgage industry veteran, She has held leadership positions with both bank-owned and independent mortgage companies overseeing all aspects of mortgage banking. She has served as president of Lennar Mortgage, the mortgage lending subsidiary of Lennar Corp.,

Mortgage 195
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Gary Keller, Bob Goldberg, Gino Blefari depositions on commissions shared with the jury

Housing Wire

In the video, Ketchmark showed Keller footage from a KW Family Reunion event where Keller showed a slide showing the average commissions KW agents had earned between 2002 and 2019, to which Keller responded: “We didn’t talk about commissions. I do believe training is essential.” I reported the numbers and walked off the stage.”

Training 459
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Judge denies HomeServices’ motion for ‘judgment as a matter of law’ in Sitzer suit

Housing Wire

Ketchmark asked Warner if those statistics suggest that agents are practicing the messages they are receiving in their training. He added that ReeceNichols, which has roughly 2,000 agents spread out over 21 offices in Kansas City, created its own policies and procedures, and that it was responsible for the training of the firm’s agents.

Law 435