Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. “We expect profitability to remain challenging in the near term as the industry capacity slowly adjusts to lower originations,” Bhattacharya said.

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Housing Wire

NOVEMBER 10, 2020

At that point, Dodson was actively working on a jumbo loan for friends of his from church. “I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. And non-QM loans in my experience are harder.”.

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AmeriMac

SEPTEMBER 1, 2021

They will also deliver the report to the lender or other client as well. However, they were not widely used until after the mortgage crisis in 2007 and 2008. None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner. AMCs as a concept were developed in the 1970s.

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AmeriMac

MARCH 15, 2024

Appraisal Management Companies (AMCs) play a crucial role in the real estate industry by providing independent appraisal services to lenders and other clients. The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008.

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Appraisal Today

OCTOBER 21, 2022

Your clients count on you to let them know the market today, not in the past. My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers. It started in 2007 in Vacaville, near Sacramento, CA.

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Housing Wire

NOVEMBER 5, 2024

I remember in 2007 when I told a neighbor I was about to become a loan officer. I had been working at Washington Mutual for a few months when I was offered the opportunity to go into a mentorship under the two top loan officers in the county. She looked me dead in the eyes and said, “You will never make it.”

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Will Springer Realtor

SEPTEMBER 28, 2022

The average student loan payment is $460 a month. And nearly 48M people have student loans. Student debt is no longer just a first-time home buyer problem, says Cale Iorg, a loan officer at Supreme Lending in Alpharetta, Ga. “We We get people in their 40s and 50s who are still paying off student loans.

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