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Lone Peak Lending joins Panorama Mortgage Group

Housing Wire

“The most attractive thing about becoming part of PMG is having the resources to build a world-class, customer-centric organization the right way – one that is centered around partnering with Realtors and consumers,” Stamps said in a news release. “We The post Lone Peak Lending joins Panorama Mortgage Group appeared first on HousingWire.

Lending 448
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How JVM Lending plans to expand without any loan originators

Housing Wire

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. I thought it was sparse.

Lending 418
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Point Mortgage Corp. exits wholesale channel (for now)

Housing Wire

“Our industry is saturated with Realtors and loan officers. And I believe we went through a reset, the same way we did back in 2006 and 2007. Point Mortgage Corporation had 177 sponsored mortgage loan officers and licenses in 28 states by Sep.

Mortgage 370
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How LOs are dealing with a mortgage rate lockdown

Housing Wire

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
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HW+ Member Spotlight: Brian Gubernick

Housing Wire

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.

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HW+ Member Spotlight: Reina Ramos

Housing Wire

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. Compared to 2007 and 2008 there’s more due diligence in mortgage qualifying. HousingWire: What has been one of your biggest learning opportunities?

Inventory 397
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With mortgage rate volatility, buyers can save by shopping around

Housing Wire

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