Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

NOVEMBER 14, 2022

With refis drying up due to the surge in mortgage rates , relationships between loan officers and real estate agents have become increasingly more important, as agents bring in business for lenders. The launch of Commitment Mortgage comes amid a rapidly shrinking mortgage market that is expected to decrease by half to $2.26

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Lending Realtors Real Estate Agent Mortgage 370

Housing Wire

JANUARY 24, 2023

Founded in 2003 by Rick Arvielo and his wife Patty Arvielo, the lender offers conventional, government, adjustable-rate and non-qualified mortgages. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS. The lender originated $14.9

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Tenants Loan Officers Finance Clients 397

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000.

Retail 434

Retail Mortgage Loan Officers Training 434

Housing Wire

JANUARY 22, 2024

If the deal goes through, the companies would have about 2,130 loan officers, which includes 1,884 from NAF and 251 from DKMC, per data collected as of Jan. In terms of volumes, California-based NAF, founded in 2003 by Patty and Rick Arvielo , originated $7.4 22 from the National Multistate Licensing System.

Mortgage 366

Mortgage Retail Loan Officers Property Management 366

Housing Wire

OCTOBER 6, 2023

Founded in 2003 by Rick Arvielo and his wife, Patty Arvielo , New American Funding offers a variety of conventional, government, adjustable-rate and non-qualified mortgages. NAF has a servicing portfolio of more than 250,000 loans representing about $66.1 billion in value, according to the lender.

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Insurance Brokerage Government Real Estate 459

Housing Wire

APRIL 25, 2022

Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance. It has about 350 loan officers and roughly 100 retail branches. .

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Retail Loan Officers Mortgage Lending 397

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8

Human Resources 448

Human Resources Loan Officers Mortgage Training 448

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. billion in loans. CrossCountry, founded in 2003 by Ronald Leonhardt, has more than 8,000 employees with nearly 600 branches across 50 states.

Marketing 370

Marketing Tools Loan Officers Finance 370

Housing Wire

APRIL 17, 2023

At a mortgage brokerage joint venture, loan officers generally get paid a lower base salary than counterparts at traditional lenders and may get a smaller commission because the LO is doing less work finding customers since there are greater real estate agent referrals. After the sale, the partner would enter a standalone JV.

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Brokerage Real Estate Agent Business Loan Officers 395

Housing Wire

OCTOBER 22, 2020

history next to 2003. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. Michael Fratantoni and his staff made national news at the MBA’s annual virtual convention, releasing a projection for 2020 of $3.18 Here are three key takeaways: 1.

Mortgage 493

Mortgage Training Contracts Loan Officers 493

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space.

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Development Mortgage Tools Loan Officers 459

Housing Wire

FEBRUARY 11, 2021

Christensen has 17 years of mortgage industry knowledge, jumpstarting her career as a loan officer in 2003 until 2008 when she began to work with the many American families facing foreclosure due to the Great Recession. The panel will also discuss the challenges of helping bridge the homeownership gap in the wake of COVID-19.

Loan Officers 260

Loan Officers Real Estate Technology Mortgage 260

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. There are support staff that come along with them (loan officers). We’re growing quite a bit.

Retail 369

Retail Business Agents Loan Officers 369

Appraisal Today

MAY 10, 2024

VA’s Tidewater Initiative written in 2021 by McKissock (Similar idea as current ROV changes), effective in 2003. The mortgage loan officer handling the loan? It initially began as a test program in the early 2000s and was expanded to all areas of the country in 2003, as a result of VA Circular 26-03-11.

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Reconsideration of Value Appraisal Real Estate Insurance 75

Housing Wire

DECEMBER 31, 2021

One of the ways that lenders “manage expenses” has historically been by laying off processors and loan officers. The second-lowest LO turnover rate was in 2003, at 31%. Yearly data compiled by the MBA found that in 2014 and 2018, years with weaker origination volume, the LO turnover rate was 44% and 37%, respective-ly.

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Marketing Law Government Mortgage 459

Housing Wire

APRIL 19, 2022

Bank of America will pay a penalty smaller than the average down payment on a Fannie Mae -backed mortgage, after one of its mortgage loan officers allegedly violated the Fair Housing Act. In 2003, HUD’s office of fair housing and equal opportunity had 744 full time employees. As of 2021 the division had just 534.

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Loan Officers Mortgage Government Development 435

Appraisal Today

AUGUST 13, 2023

Built in 2003, the Mediterranean style primary residence totals 4, 050 sq. I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. It comes with a three-bedroom, Mediterranean-style mansion with 4,050 square feet of luxury living space.

Appraisal 76

Appraisal Contracts Real Estate Agent Real Estate 76

Housing Wire

NOVEMBER 5, 2020

KW: NAMB has been actively advocating for mortgage brokers since 2003. That’s one reason that starting in January, loan officers will be able to take 16 hours of courses through NAMB University at a rate that is affordable for the first-time loan officer. What are some of the issues you’ve been working on in D.C.?

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Mortgage Loan Officers Tools Training 482