2007 Development Loan Officers 
Housing Wire
JANUARY 11, 2022
In addition, Redfin expects to incur a non-cash impairment charge of $2 million to $3 million on mortgage-specific, internally developed software. Founded in 2007, Corte Madera-based Bay Equity originated a volume at $8.5 billion in 2021, nearly ten times the size of Redfin’s existing portfolio.
Housing Wire
JANUARY 27, 2023
The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.
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Housing Wire
JULY 15, 2022
This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales. Brian Gubernick : No question, the greatest learning opportunity I’ve experienced was the 2007-2008 housing market crash.
Housing Wire
MAY 3, 2023
The Federal Reserve (Fed) raised its key federal funds rate for the 10th consecutive time, announcing a 0.25% rate hike Wednesday to 5% to 5.25%, a level they have not reached since 2007. ” The Fed reiterated that it would continue to reduce its holdings of Treasury securities, agency debt and agency-backed mortgage-backed securities.
Appraisal Buzz
JANUARY 14, 2025
In 2007, he left Microsoft for Redfin, a technology-powered real-estate company, helping to lead the business through its IPO in 2017 and on to nearly $1 billion in revenue in 2023. Adam Wiener is the new president of multi-channel, digital home finance company Lower. Joining the team at Lower was a no-brainer, Wiener says.
Housing Wire
OCTOBER 9, 2024
Back when I was a loan officer, I couldn’t tell you how many times I’d get to a few days before closing, and my borrower would ask about what ‘HOI’ was.” In the aftermath of the 2007-08 financial crisis, the Dodd-Frank Act and other mortgage regulations were primarily “geared to preventing payment shock,” Fratantoni said.
AmeriMac
SEPTEMBER 1, 2021
A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. 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.
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