Housing Wire

AUGUST 21, 2024

The levels of business at that time necessitated the Franklins having help, and Heilman assisted with process implementation and the management of loan officers. Of course, not long after his entrance into the business came the 2008 financial crisis. They want to talk, especially the older folks.

Mortgage 434

Mortgage Loan Officers Business Clients 434

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 397

Training Loan Officers Lending Mortgage 397

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 437

Real Estate Agent Real Estate Project Management Agents 437

Housing Wire

MARCH 27, 2023

since the 2008 financial crisis. This structure allows the bank to offer clients “common sense underwriting and provide more nimble prequalifications, approvals and closings,” the bank wrote on its website. SVB focuses on jumbo loans (greater than $726,200), which have lower rates, for primary and secondary homes.

Insurance 83

Insurance Loan Officers Mortgage Clients 83

Appraisal Buzz

MAY 17, 2021

In the run-up to the 2008 market crash, appraisers were overworked and took on more than they reasonably could handle. As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Some appraisers are reticent to address increasing trends now.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

JUNE 5, 2023

Mortgage brokers emerged as key players in the industry in the 1980s because they offered access to multiple lenders and loan products. Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. Now, they are sitting at 22% and climbing, because they offer the most loan options to borrowers.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 448

Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

FEBRUARY 28, 2022

The company has shown steady growth since it was founded in 2008 and demonstrated profitability across varying market conditions, rising to become the nation’s top correspondent investor and the No. The company meticulously logged client feedback regarding challenges in the loan process and worked to eliminate pain points as well. “We

Technology 418

Technology Clients Investing Business 418

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. Movement is owned by Casey Crawford , a former pro football player who founded the lender in 2008, and the Movement Foundation, which has a 49% share.

Loan Officers 397

Loan Officers Retail Business Mortgage 397

Housing Wire

OCTOBER 23, 2024

Todd Bitter, chief sales officer at UMortgage , said that the loan can be a “lifesaver” to people that need to consolidate debt, even if it’s just a small percentage of clients who need it. We have borrowers from 680 all the way up to 780 credit scores,” Numan added. points higher than an 80% LTV cash-out refinance.”

Insurance 448

Insurance Mortgage Investors Renovations 448

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based We also find that FHA mortgages serve minority clients in a higher percentage than conventional mortgages for lower credit scores.

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We over the past 15 years from 5.5%, but building in Moderate FHSZ has nearly doubled since 2008. That number will undoubtedly climb in the coming years.

Insurance 370

Insurance Housing Market Marketing Supply Chain 370

Housing Wire

MARCH 15, 2023

He joined Fannie Mae in the wake of the financial crisis in 2008-2009 and served as CEO from 2012 to 2018. SVB operated as a portfolio lender in the residential mortgage space, not selling loans on the secondary market. SVB focuses on jumbo loans (greater than $726,200), which have lower rates, for primary and secondary homes.

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

JUNE 15, 2022

But this year, as rates have crested 6%, about 70% of Neat’s originations are adjustable-rate mortgages, a product that until recently had fallen out of favor due to the role they played in the housing crash of 2008 and a decade-plus of fixed-rate mortgages under 5%. . It’s not a bad thing for borrowers, lenders, and loan investors.

Mortgage 370

Mortgage Loan Officers Bracketing Investors 370

Housing Wire

AUGUST 20, 2021

5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. 1 asset next to our loyal client base. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We And Nationwide Mortgage Bankers posted an insane average three-year growth rate of 16,396% in 2020.

Real Estate 476

Real Estate Realty Brokerage Mortgage 476

Housing Wire

APRIL 12, 2021

Holmes said the new integration enables commercial and private money loan officers using LendingWise to streamline their processes and obtain a business owner’s credit report from Credit Plus – without leaving the LendingWise platform. Case Study: How One Lender Increased Efficiency and Client Satisfaction.

Property Taxes 285

Property Taxes Lending Loan Officers Business 285

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.”.

Business 459

Business Mortgage Investors Loan Officers 459

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. The company has licenses in 49 states, 387 branches and 491 active loan officers.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

AUGUST 23, 2023

Mortgage lenders and loan officers said they are navigating the challenging landscape by going “back to the basics,” which means offering 30-year fixed loans to borrowers with the expectation that they will be able to refinance down the road. to its clients. When asked why U.S.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. Others have expressed concerns that we are headed for a housing crash, like in 2008. THE RISE IN HOME PRICES IN THE YEARS LEADING TO 2008. My slowest years were the years leading up to 2008.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. .”

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

OCTOBER 4, 2024

Starting a career as a MLO can be lucrative if you’ve got the skills to consistently deliver value to your clients. That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission.

Real Estate 448

Real Estate Loan Officers Tools Law 448

Housing Wire

AUGUST 8, 2023

In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. The shrinking jumbo market also reflects the broader market forces related to this product — banks have historically used jumbo loans as a means to attract high-income clients who have millions in deposits.

Insurance 370

Insurance Mortgage Lending Clients 370

Cornerstone

MARCH 12, 2021

Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions. 4 smart answers to your clients’ top 4 questions.

Clients 65

Clients Sellers Loan Officers Real Estate 65

Town & Country Residential Appraisals

JANUARY 24, 2020

The financial collapse of 2008 was a prime example of what happens when various parts of the real estate machine stop functioning objectively and begin to “make deals work.” If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. They always come in at exactly the contract price.

Appraisal 36

Appraisal Market Value Contracts Clients 36

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. Federal lawmakers believe that inflated valuations contributed to the housing crisis in 2008. A Brief History of the Development and Use of Appraisal Management Companies.

Appraisal 36

Appraisal Valuation Law Lending 36

Appraisal Today

MAY 12, 2023

If not working use this link [link] An oldie from 2008 but a goodie ;> A blast from the past, pre-HVCC!! Remember what it was like during the crash after 2008, when there were very few loans, and appraisal volume severely declined? Very tough market now with many layoffs. CLICK ON ARROW TO SEE VIDEO ON YOUTUBE!

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

Reconsideration of Value 75

Reconsideration of Value Appraisal Real Estate Insurance 75

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.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

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. To read more and see the graphs, click here.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Housing Wire

DECEMBER 2, 2024

The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in regard to lender-paid versus borrower-paid options. Additionally, the bureau is evaluating whether brokers effectively shop for the best loan options for borrowers and adhere to fair lending practices.

Brokerage 418

Brokerage Mortgage Loan Officers Lending 418

Housing Wire

OCTOBER 24, 2024

Trained counselors can bring much-needed clarity to a complex process, even when customers are dealing with a highly competent realtor or loan officer. Department of Housing and Urban Development (HUD) administers a network of 1,500 Housing Counseling Agencies (HCAs), serving approximately 1 million clients each year.

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Training Mortgage Reconsideration of Value Architecture 435