2008 Loan Officers Training 
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. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.
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. “They’re doing the same exact training every single year, ” he said. These 400 loan officers are just the ones that got caught in a specific scam.
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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.
Housing Wire
MAY 25, 2023
Few loan officers make the purchase product a main part of their business. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. “We Real estate agents, loan officers and builders can attract customers they have never captured before.
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.
Housing Wire
OCTOBER 28, 2022
The new division executives include Gus Lobo who joined the company since its inception in 2002 and now leads 200 employees, including 136 MLOs across 37 branch locations and also focus on recruitment and training. Wendell Couch joined in 2008 and closed over $1 billion in loan production in 2021.
Housing Wire
DECEMBER 28, 2023
In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5
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