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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. I thought it was sparse.

Lending 418
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Cornerstone Home Lending Promotes Jay Crowell to President of National Retail Division

Appraisal Buzz

Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. In his new role, Crowell will drive the strategy and continued growth of Cornerstone’s national retail and Realtor affiliate sales and operations. million in loan volume per loan officer, according to data from Modex.

Retail 195
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Cornerstone Names New Head of Retail

Appraisal Buzz

Crowell will drive the strategy and continued growth of Cornerstone’s national retail and Realtor affiliate sales and operations. Crowell joined Cornerstone Home Lending in 2009, and most recently, served as President of the Pacific Northwest Region. million in loan volume per loan officer, according to data from Modex.

Retail 221
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A Trusted Advisor on the Path to Home Ownership

Appraisal Buzz

In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development. In my current role, I am accountable for leading TD’s mortgage loan officer and community mortgage loan officer salesforce, as well as guiding sales strategy and product development.

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

Housing Wire

We are working very hard in terms of doing events, meeting with realtors, reinventing ourselves, [and] talking about programs so that when the inventory does improve, we’ll be able to really excel. When loan officers don’t have refinance business, half of their businesses are gone.

Inventory 418
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Home sales will be weak in 2024 regardless of “soft landing”: Fannie Mae

Housing Wire

“​​With an ongoing tight supply of existing homes for sale and the recent rise in the 30-year fixed-rate mortgage rate to around 7%, we expect home sales in 2023 to remain near the lowest annual level since 2009,” the group said. million in July 2022, according to the National Association of Realtors. “If down from 4.88