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Origins: When a reverse mortgage saved a client from bankruptcy

Housing Wire

After initially entering the mortgage business in 2003 following a career change from accounting, Rick Rodriguez was reading a book about mortgages that included a chapter on the reverse mortgage product. After informing the prospect that he would be able to do the loan, the client decided to move forward with Rodriguez as his originator.

Clients 396
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Sales Boomerang’s automatic borrower intelligence system works to boost its clients’ customer retention

Housing Wire

Our clients retain as high as 65% or more of their past customers. The result is that for every $1 our clients pay us, we return $20 of profit to them,” says Kutsishin. trillion in mortgage loans, making 2020 the industry’s biggest year since 2003. Last year, lenders originated over $3.7 Alex Kutsishin, CEO and Co-Founder.

Clients 397
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Century 21 welcomes two new affiliates

Housing Wire

The firm serves clients in Brooklyn and Staten Island, as well as in Middlesex, Monmouth and Ocean Counties in New Jersey. I believe that it’s this genuine passion that allows us to consistently deliver for our clients while being happy to go the extra mile. The firm is now doing business as Century 21 Standard Real Estate.

Brokerage 456
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Citi names Brad Wayman head of U.S. mortgage

Housing Wire

Wayman first joined Citi in 2003, and most recently, he held the position of head of U.S In his new role, Wayman will focus on client experiences across Citi’s U.S Brad Wayman. Citigroup named Brad Wayman as head of U.S mortgage after serving in the role since December. Before his role as head of U.S. retail banks.

Retail 501
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JPMorgan Chase adds exec to correspondent team

Housing Wire

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. 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.

Retail 435
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Compass CEO Reffkin believes agents will still be valued in a post-settlement world

Housing Wire

First, more buyers are using agents in 2023 than in 2003. Reffkin added that he also believes agents will have to sell their brokerage firm’s value proposition to prospective clients if they want to gain their business. Second, buyer agreements are not new.

Agents 468
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CreditXpert announces launch date for new credit optimization platform

Housing Wire

The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans. CreditXpert developed the platform to cut down loan filing timelines.