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No. 1 originator Shant Banosian named president of Rate

Housing Wire

I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.

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As mortgage rates near 8%, loan originators target first-time homebuyers

Housing Wire

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. Is an 8% mortgage rate going to slow down business for all loan officers?

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UWM sues Mortgage Solutions and its owner over EPOs, trademark infringement

Housing Wire

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. UWM filed a lawsuit in a U.S. district court in Michigan on Wednesday.

Mortgage 441
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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

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. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 459
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Origins: Moving from hospital administration to reverse mortgages

Housing Wire

The levels of business at that time necessitated the Franklins having help, and Heilman assisted with process implementation and the management of loan officers. In 2012, Heilman and the Franklins joined a larger outfit. Of course, not long after his entrance into the business came the 2008 financial crisis.

Mortgage 435
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The housing industry will soon be up in ARMs

Housing Wire

Another panel participant, Shelly Griffin, senior vice president of client development at non-QM lender Deephaven Mortgage , added, “When I’m talking with loan officers, I get asked about ARMs a lot. There’s a lot of different reasons why someone falls outside the agency loans.

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Former academy resumes role as Funding Longevity Task Force

Housing Wire

Return to a ‘task force’ The original task force was co-founded in 2012 by Giordano and Security One Lending ’s Torrey Larsen. But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” We’ve got all the ammunition. The data is there.”