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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Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

DECEMBER 3, 2021

While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand. Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. HousingWire : What keeps you up at night and why?

Inventory 397

Inventory Loan Officers Clients Mortgage 397

Housing Wire

DECEMBER 13, 2024

Connecticut-based Planet, founded in 2007, had 236 sponsored loan officers and 47 active branches as of Friday, according to the Nationwide Multistate Licensing System. The company originated about $13.5 billion in mortgages between January and September, marking a 33.7%

Retail 360

Retail Loan Officers Investors Lending 360

Housing Wire

AUGUST 2, 2024

Walker explained that the company name of HighTechLending, which goes back to 2007, emphasized its place as a leader in new technology solutions for mortgage — including paperless files. What’s in a name?

Lending 448

Lending Design Tools Loan Officers 448

Housing Wire

MAY 7, 2023

In 2007, when sales were down big, total active listings peaked at over 4 million. We had high inventory levels while the unemployment rate was still excellent in 2007. This proves that the mass supply growth we saw from 2005-2007 was due to credit stress, not because the economy was in a recession; the U.S.

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Inventory Housing Market Marketing New Listings 505

Housing Wire

SEPTEMBER 30, 2022

The latest weekly survey data from Freddie Mac shows the 30-year fixed-rate mortgage jumped 40 basis points to an average of 6.70% this week, the highest level since 2007. The survey also indicates a large dispersion in rates, meaning that homebuyers can save hundreds of dollars by shopping around with different lenders.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

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.

Housing Market 476

Housing Market Marketing Insurance Mortgage 476

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.

Real Estate 418

Real Estate Realtors Brokerage Business 418

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. Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory.

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Real Estate Agent Inventory Loan Officers Mortgage 397

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.

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Loan Officers Real Estate Agent Real Estate Technology 195

Housing Wire

MAY 31, 2022

Led by Irma DeLoen, Geneva Financial’s Chicago branch will offer products including conventional and government loans, such as loans from the Federal Housing Administration (FHA), Veterans Affairs and U.S. Geneva Financial, founded in 2007 by Aaron VanTrojen, has more than 130 branch locations in 46 states, according to the firm.

Mortgage 397

Mortgage Construction Lending Real Estate 397

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.

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Insurance Mortgage Property Taxes Construction 459

Housing Wire

NOVEMBER 10, 2020

“I wouldn’t chase that business because I have 46 loans in process that are fairly simple to do,” said Matt Gougé, a broker at Answer Home Loans in Folsom, California. And non-QM loans in my experience are harder.”. they hopefully cherish that referral source and work on all loans equally.”. And it doesn’t.

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Business Mortgage Investors Loan Officers 459

Housing Wire

AUGUST 31, 2022

For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

AmeriMac

SEPTEMBER 1, 2021

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. A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s.

Appraisal 36

Appraisal Valuation Law Lending 36

Appraisal Today

OCTOBER 21, 2022

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. This video features Brian Stevens. They also see the appraiser’s side.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

AmeriMac

MARCH 15, 2024

The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. Loan officers can focus on other aspects of the loan origination process, knowing that the appraisal process is being handled by qualified professionals.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

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.”

Loan Officers 397

Loan Officers Clients Realtors Mortgage 397

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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Buyers Loan Officers Mortgage Realtors 36