Remove 2008 Remove Real Estate Agent Remove Training
article thumbnail

How to become a real estate broker & launch a brokerage — Advice from a KW mega broker

Housing Wire

Misaligned and non-productive agents disrupted the dynamic I was trying to create. The solution is to focus on hiring real estate agents who bring complementary strengths to the team. The 5-step recruiting plan: Identify your ideal agents. These agents should be driven by your MVV you previously established.

article thumbnail

How non-QM loans boost mortgage originator for success in 2025

Housing Wire

The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. The Charlotte-based company provides tools and training resources for mortgage loan originators looking to impact the market. Mortgage interest rates have steadily ramped up throughout 2024. Its simple.

Mortgage 343
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Logan Mohtashami unpacks the slow train wreck that’s been happening in housing inventory

Housing Wire

HW+ Member: What’s the number one question you are getting from the real estate agent community on the economy and housing market? Logan Mohtashami: Regarding inventory, we had a slow train wreck happening for years, and I can explain in more detail. This Q&A was originally hosted on June 1st.

Training 459
article thumbnail

How JVM Lending plans to expand without any loan originators

Housing Wire

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 418
article thumbnail

How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Additionally, because HECM /Reverse for Purchase did not exist until late 2008, many don’t fully understand the value propositions the product poses. “We Why is this market underserved?

article thumbnail

What mortgage lenders need to know about wholesale

Housing Wire

Up until the financial crisis in 2008, mortgage brokers held nearly 50% market share. More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent.

Mortgage 370
article thumbnail

Bringing the real estate transaction to the end zone

Housing Wire

Murphy is not only a legendary football player, he is also a top-producing real estate agent, investor and broker-owner. When the stock market hit in 2008, I went to my financial advisor and told him to take out all my money. I started TM5 with no broker help, no training or anything. 5000 several times.