Housing Wire

FEBRUARY 12, 2024

New Jersey-based mortgage lender The Money Store named industry veteran Coleen Bogle as chief marketing officer, the company announced on Monday. The hiring follows changes in marketing leadership at other mortgage companies, including Guild Mortgage and Rocket Companies.

Marketing 435

Marketing Loan Officers Advertising Retail 435

Housing Wire

DECEMBER 28, 2023

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. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

AUGUST 21, 2024

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. I came at it from a senior services perspective rather than a mortgage or real estate angle.”

Mortgage 434

Mortgage Loan Officers Business Clients 434

Housing Wire

APRIL 18, 2024

A former loan officer at Guaranteed Rate (G-Rate) has sued the lender and two managers for allegedly discriminating against her on the basis of gender, failing to compensate her equally to male coworkers with similar performance and subjecting her to sexual harassment.

Loan Officers 476

Loan Officers Human Resources Contracts Mortgage 476

Housing Wire

OCTOBER 28, 2021

The firm announced Wednesday that it has acquired Denver-based digital mortgage automation and point-of-sales software company Floify. Floify was founded in 2012 by Dave Sims, who is CEO of the company. The post Porch acquires mortgage software firm Floify for $90M appeared first on HousingWire. as of late Thursday morning.

Mortgage 418

Mortgage Logistics Insurance Real Estate Agent 418

Housing Wire

DECEMBER 16, 2021

In 2012, Dmitry Godin was seemingly on top of the world. Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. SVB’s mortgage origination volume reached $2.4

Mortgage 370

Mortgage Loan Officers Insurance Business 370

Housing Wire

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. ARMs came up at almost every meeting, so it’s very relevant.”.

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Loan Officers Lending Mortgage Housing Market 476

Housing Wire

JANUARY 5, 2021

SimpleNexus , a digital mortgage startup, announced on Tuesday that it picked up $108 million in a Series B funding around. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

APRIL 18, 2024

Return to a ‘task force’ The original task force was co-founded in 2012 by Giordano and Security One Lending ’s Torrey Larsen. Its mission statement included a desire to “champion groundbreaking research focused on reverse mortgages.” We have to be honest; that’s the reality.

Loan Officers 459

Loan Officers Tools Mortgage Government 459

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The workforce reduction is also focused on mortgage loan production. Presented by: Acra Lending.

Human Resources 397

Human Resources Loan Officers Retail Training 397

Housing Wire

MARCH 16, 2022

California-based ICE Mortgage Technology announced this week two enterprise agreements to integrate its eClose solution to Maxwell and Roostify platforms, enabling a more streamlined closing process for lenders and borrowers. Encompass eClose will be part of the mortgage fintech Maxwell’s point-of-sale platform.

Technology 397

Technology Real Estate Agent Loan Officers Lending 397

Housing Wire

NOVEMBER 23, 2022

The current market downturn for mortgage lenders may be shorter than the previous cycles, mainly due to the recent rounds of workforce layoffs imposed by nonbanks. Nonbanks have more than 60% market share of mortgage industry production — and they are more likely than banks to move quickly to reduce capacity.

Marketing 397

Marketing Loan Officers Business Mortgage 397

Housing Wire

APRIL 25, 2022

Ohio-based CrossCountry Mortgage has entered into an agreement to acquire California-based retail lender LendUs , multiple sources familiar with the deal told HousingWire. . It has about 350 loan officers and roughly 100 retail branches. . LendUS doesn’t have quite the same heft. Financial terms of the deal were not disclosed.

Retail 397

Retail Loan Officers Mortgage Lending 397

Housing Wire

AUGUST 12, 2020

Fintech-focused Canapi Ventures led the investment, which brings Blend’s total venture raised to $365 million since its 2012 inception. Also, there’s no doubt that the economic situation around the COVID-19 pandemic has placed pressure on lenders to offer remote solutions while keeping up with record loan volumes. trillion U.S.

Investing 508

Investing Loan Officers Technology Development 508

Housing Wire

JULY 12, 2023

Three veteran sales executives at Movement Mortgage have parted ways with the South Carolina-based lender to join the competitor Summit Funding, sources told HousingWire. Schoolfield and Shelton joined Movement in 2012, were promoted as divisional leaders in February 2021, and landed at Summit in July. division, to Summit.

Retail 370

Retail Development Finance Lending 370

Housing Wire

MAY 6, 2022

In an effort to counter margin compression and satisfy a new generation of homebuyers, lenders are looking to offer loan options that better fit the average borrower. HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market.

Marketing 370

Marketing Lending Loan Officers Training 370

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. Mortgage rates fell last week as we started the week at 6.73%, got as low as 6.43% to end the week at 6.5%. Mortgage rates fell to a low of 6.43% then ended the week at 6.5%.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

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Housing Market Marketing Mortgage Buyers 370

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. Based on our read of 2021 Home Mortgage Disclosure Act (HMDA) data, we estimate that total originations volume last year was $4.4 Source: Mortgage Bankers Association.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

McKissock

APRIL 16, 2021

March was the hottest month for housing since at least 2012. Sharp increases in interest rates have shifted the mortgage originations landscape very quickly. ” According to the article, “Some buyers are borrowing money from relatives and taking loans out against their retirement” to close the appraisal gap.

Housing Market 59

Housing Market Appraisal Marketing Real Estate Agent 59

Cornerstone

MARCH 12, 2021

Low rates may lower a monthly mortgage payment, making now an ideal — and affordable — time to trade up or downsize. Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast. Find a loan officer who cares as much as you do.

Clients 65

Clients Sellers Loan Officers Real Estate 65

PennyMac

DECEMBER 23, 2020

But what does this mean for you and your monthly mortgage payment? If you have a fixed-rate mortgage, your rate stays the same for the life of your loan, regardless of the length of your term (e.g., Consider refinancing if any of the following factors apply to you: Current mortgage rates are at least 0.5%

Mortgage 36

Mortgage Lending Loan Officers Home Value 36