Remove 2009 Remove Loan Officers Remove Marketing
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What a 15-year market share high means for the broker industry

Housing Wire

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% in Q4 2023, the highest number we’ve seen since 2009. Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The big question is, what caused this increase?

Retail 476
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Fairway, accused of redlining in Alabama, agrees to settle for $1.9M

Housing Wire

Similar to other lending discrimination cases, the CFPB and the DOJ accuse Fairway of redlining as the company allegedly discouraged people from majority-Black neighborhoods from applying for mortgages, including through its marketing and sales actions. billion in home loan production. The company ranked No. 12 among the largest U.S.

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Origins: From managing restaurants to reverse mortgage partnerships

Housing Wire

It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. One of my employees said that her mother worked in doing some type of loans,” Schmidt said. “I It gave me a sense of purpose.

Mortgage 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.

Lending 418
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Layoffs hit Sales Boomerang, Mortgage Coach

Housing Wire

I learned that Sales Boomerang made the decision to #layoff over 20 of its esteemed #workforce and to specifically reduce the marketing team by 27%,” a former employee posted on its LinkedIn page.

Mortgage 448
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The mortgage workforce is back, but for how long?

Housing Wire

For Weidel, this frenzied period — in which trillions in mortgages have been originated and lender capacity has stretched like never before — created an opportunity to not only to capture market share, but to create a more stable and sustainable mortgage workforce that could grow with the business. Live by the sword, die by the sword.

Mortgage 393
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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

Inventory 418