Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity.

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

JULY 22, 2022

He added Crawford’s “depth of executive experience, including lending expertise, will be an excellent addition” to the board. Founded in 2008, Live Oak Bank has a digital, cloud-based bank serving small business owners in all 50 states. Crawford said he joined the board of directors of Live Oak to transform “the way banking is done.”.

Loan Officers 397

Loan Officers Retail Lending Mortgage 397

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. HMDA, Fair Lending etc.,”

Training 397

Training Loan Officers Lending Mortgage 397

Housing Wire

NOVEMBER 13, 2024

Movement CEO Casey Crawford , a former pro football player who founded the distributed retail nonbank in 2008, said in a statement that Smith has a “track record of leading companies through aggressive growth and transformation.” Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

Mortgage 370

Mortgage Loan Officers Retail Finance 370

Housing Wire

MARCH 11, 2021

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? It’s grey for three reasons: First, wholesale players change over full cycles — today’s top 25 wholesalers are way different than pre-2008.

Loan Officers 497

Loan Officers Clients Lending Mortgage 497

Appraisal Buzz

SEPTEMBER 25, 2024

In fact, the last time the FOMC cut rates by half a point was during the 2008 global financial crisis. Traditionally, they would would ramp up hiring – more loan officers, processors, and contract underwriting. BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. What will lenders do?

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

NOVEMBER 1, 2023

As borrowers reel from the sticker shock of conventional mortgages , lenders could see a surge of demand for alternative lending products, such as adjustable-rate mortgages (ARMs), for the first time since the financial crisis. Avoid the dreaded info dump, where lending products display on an endless scroll with intimidating blocks of text.

Lending 435

Lending Loan Officers Mortgage Development 435

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans.

Loan Officers 397

Loan Officers Law Training Lending 397

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. 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

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

FEBRUARY 7, 2024

Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. In his new role, Hardiman will lead its lending and fulfillment operations. Hardiman first joined Embrace Home Loans in 2008 as a project manager, the news release stated.

Project Management 435

Project Management Retail Lending Loan Officers 435

Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

Loan Officers 370

Loan Officers Retail Lending Investing 370

Housing Wire

MAY 26, 2022

While financial institutions are taking note of the increased attention for ARMs, some loan officers said many consumers think the cost to get ARMs is not worth the risk compared to a 30-year mortgage rate. But when rates began to soar starting in 2005, increased foreclosure rates led to a housing market crash in 2008.

Loan Officers 418

Loan Officers Housing Market Mortgage Buyers 418

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. Interfirst was founded in 2001 as a retail originator but expanded to the wholesale channel in 2008 and the correspondent channel in 2011.

Mortgage 421

Mortgage Investors Investing Loan Officers 421

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

SEPTEMBER 10, 2022

Mike Kortas, the controversial CEO and co-founder who himself is no stranger to starting online scraps, said other community members, including smaller brokers and AIME’s leaders, have attacked him, his company and loan officers on social media. ” (A review of AIME’s website found no mention of an ethics committee.).

Brokerage 435

Brokerage Loan Officers Retail Mortgage 435

Housing Wire

APRIL 4, 2022

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement did not respond to multiple requests for comment.

Supply Chain 476

Supply Chain Mortgage Retail Loan Officers 476

Housing Wire

MAY 13, 2022

Movement Mortgage was founded in 2008 with a mission to create a “movement of change” in the mortgage industry after one of the hardest financial episodes in American history. We have a goal of increasing our market share within diverse communities along with bringing more diverse loan officers into the industry.

Loan Officers 418

Loan Officers Mortgage Design Lending 418

Housing Wire

OCTOBER 28, 2022

Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi. Wendell Couch joined in 2008 and closed over $1 billion in loan production in 2021. Bhandal’s professional career spans more than 20 years in financial services.

Retail 434

Retail Training Lending Mortgage 434

Housing Wire

AUGUST 31, 2021

When Rich Weidel took over his family-owned lender Princeton Mortgage , the company had funded 11 loans in January of 2018, employed about a dozen people and had zero loan officers. ” We looked at from 2008 to 2018, what companies had achieved and grown, and we said, let’s go do it.

Mortgage 397

Mortgage Loan Officers Lending 397

Housing Wire

APRIL 12, 2021

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In Download this case study to find out about the integration process and the results it yielded.

Property Taxes 285

Property Taxes Lending Loan Officers Business 285

Housing Wire

FEBRUARY 13, 2023

Perez, who founded EPM in 2008, said he admired Jesse Iwuji’s personal story, according to the lawsuit. EPM, which has licenses in 50 states and provides an array of lending products, reached $1 billion in origination over the last 12 months, according to mortgage recruiting platform Modex. It’s mostly known for wholesale lending.

Contracts 389

Contracts Legal Lending Loan Officers 389

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

MAY 31, 2022

Since its establishment in 2008, the firm said it has bought and sold about $12 billion in residential real estate. Mortgage lender Planet Home Lending has a new team in Portland, Oregon, where it will focus on borrowers looking to work with homebuilders. and Puerto Rico, according to the firm.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

NOVEMBER 23, 2022

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. Since relaunching operations, Interfirst also hired teachers and first responders to be loan officers.

Marketing 397

Marketing Loan Officers Business Mortgage 397

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. 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.

Inventory 397

Inventory Loan Officers Clients Mortgage 397

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. She will remain head of home lending while the company searches for her successor. .

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

OCTOBER 23, 2024

I’ve been in business for almost 30 years, so I don’t see this product as the pre-2008 days; I don’t see people that are going on vacations with this or buying jet skis.” .” “I would see it as a low-risk [product] for the simple fact that these are borrowers that have maintained good credit,” Bitter said.

Insurance 448

Insurance Mortgage Investors Renovations 448

Housing Wire

AUGUST 20, 2021

5000 since HousingWire’s earliest days (check out the HW’s 2008 Inc. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We

Real Estate 476

Real Estate Realty Brokerage Mortgage 476

Housing Wire

MARCH 10, 2021

The community lending segment has experienced impressive growth over the last 10 years. Community lenders also have a strong opportunity to grab market share this year by providing financial education and insight into the lending process.

Marketing 397

Marketing Technology Lending Business 397

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. Of course, if I had to go back and pick a point in time that really changed mortgage data, it was the 2008 mortgage crisis and the regulations that followed.

Technology 482

Technology Loan Officers Lending Business 482

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 They’re trying to protect their portfolios and make good loans. based think tank Urban Institute to hear their takes.

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 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. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. I don’t think it’s a win for anyone on the lending side.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

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. Appraisers’ jobs are not to facilitate mortgage lending.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

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

OCTOBER 4, 2024

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. They have flexible work hours and can work independently or with a bank or mortgage broker.

Real Estate 448

Real Estate Loan Officers Tools Law 448

Housing Wire

NOVEMBER 10, 2020

So when that happens, you don’t originate, you don’t lend at par for something at 88. ” Such mortgages, infamous for atrocious credit standards and a lack of skin in the game on the part of borrowers, ushered in a collapse of the housing market, which triggered the Great Recession of 2008. So you stop.”.

Business 459

Business Mortgage Investors Loan Officers 459