article thumbnail

The fight to standardize educational training for LOs

Housing Wire

Federal regulations mandate that nonbank LOs take training prior to being certified. These organizations impose response training responsibilities on banks to have a well-trained staff,” said a source who requested anonymity because he was not authorized to speak about bank regulation. “So Learning materials up to par?

Training 350
article thumbnail

UWM’s Agnes Standowicz on leadership strategy and harnessing technology

Housing Wire

When Standowicz started at UWM in 2013 she was on a team of about 100 underwriters. Fast forward to 2013, I joined UWM as an FHA Senior Underwriter and quickly rose through the ranks to become an underwriting leader, guiding a group of underwriters to ensure loans are processed accurately, quickly and consistently.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Wells Fargo pays $96M to settle LO comp lawsuit

Housing Wire

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Legal 488
article thumbnail

James Cooper to be permanent president of CSBS

Housing Wire

Before joining CSBS, Cooper was deputy director at the Indiana Department of Financial Institutions from 1994 to 2013. The former CEOs shoes will be big ones to fill.

Training 321
article thumbnail

Joan Trice sells Valuation Expo and Appraisal Buzz newsletter

Housing Wire

AEL, established in 2013 and headquartered in Tennessee, offers online training for real estate appraisers that help them “learn new skills, build on your experience,” according to the website. LinkedIn pegs the company size to be between 11 to 50 employees.

Valuation 343
article thumbnail

What originators may not know about non-QM lending

Housing Wire

We’ve been educating originators since 2013. And then, maybe even more importantly, work with someone who has experienced and well-trained account executives,” he said. With quick pivots in product strategy, it’s important to have a reliable non-QM partner who knows all of the ins and outs, Hutchens said.

Lending 330
article thumbnail

Opinion: When it comes to default and REO, what you don’t know will hurt you

Housing Wire

From 2007 through mid-2013, approximately 5.5 What’s really changed since 2013? They should also be on top of other compliance considerations such as oversight, training, staffing recommendations and, above all, documenting everything. million households lost their homes to foreclosure.

Legal 442