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Construction worker shortage has reached “crisis” levels

Housing Wire

Since the last housing bubble burst, when more than a million residential construction workers lost their jobs , a shortage has developed. So outreach for training construction workers should start when people are considering career paths, as early as grade school, Brady said. It takes time to gain expertise in the sector.

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Anna-Marie Ellison joins leadership at ARC Realty

Housing Wire

In her new role at ARC, Ellison will focus on strategic planning for agent and staff growth, as well as health and wellness initiatives, recruitment, and training across the Birmingham, Montgomery, and Huntsville markets. “My ARC Realty was founded in 2012 and it part of the Leading Real Estate Companies of the World network.

Realty 356
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Interfirst to lay off 140 employees

Housing Wire

In 2012, the historically low interest rates led to a boom in refinances, and the lender grew to $14.5 Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course. Presented by: Acra Lending.

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Reverse mortgage veteran reflects on his career: ‘Everyone has a story to tell’

Housing Wire

In August 2004, I went out to Boston for a week of reverse mortgage training. Wells Fargo had very good and thorough training — it was a solid week because you needed to focus solely on reverse mortgages. However, eight or nine months later, in April 2012, MetLife also bailed out. You really have to develop that relationship.

Mortgage 342
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

In 2012, Dmitry Godin was seemingly on top of the world. The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5

Mortgage 346
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More than ever, lender profitability requires maintaining pace with innovation

Housing Wire

The blue bar is compensation cost since 2012. Note that the compensation cost starts at a low of 64% of total origination cost in 2012 to 69% in 2021. Interestingly, technology spend as a portion of total origination cost was about 2% in 2012, and its about 2% in 2021. It doesn’t have to be that way.

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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.

Mortgage 375