Housing Wire

MARCH 28, 2024

According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. The brokerage’s biggest lending partner is United Wholesale Mortgage , the nation’s largest mortgage lender.

Mortgage 468

Mortgage Brokerage Loan Officers Business 468

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 Mortgage lending in the Houston area accounts for approximately 40% of the company’s total home mortgage business, the DOJ said.

Lending 418

Lending Loan Officers Advertising Development 418

Housing Wire

JUNE 7, 2024

Founded by Karl Jacob and Allan Carroll in 2017, the company quickly took off after raising about $100 million in seed funding. Its “ smart loans ,” which were built using artificial intelligence technology, are designed to help homebuyers find the best mortgage for their unique financial situation.

Legal 487

Legal Landlords Loan Officers Mortgage 487

Housing Wire

JUNE 24, 2021

As the market moves into a post-refi-boom era, loan officers face tough competition for purchase loans. HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. .

Real Estate 467

Real Estate Investors Lending Loan Officers 467

Housing Wire

OCTOBER 3, 2023

Headquartered in Roswell, Georgia, Onward Home Mortgage specializes in residential purchase mortgage lending and has a presence in the greater Georgia and Alabama areas. It is part of the Newrez Ventures platform. A joint venture typically ramps up faster than a traditional mortgage company.

Real Estate Agent 448

Real Estate Agent Mortgage Realty Loan Officers 448

Housing Wire

SEPTEMBER 15, 2023

Guaranteed Rate Affinity is a joint venture established in 2017 by Guaranteed Rate and Anywhere Real Estate (former Realogy ). The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. Gifoli served as a loan officer from May 2021 to October 2021.

Loan Officers 435

Loan Officers Real Estate Legal Lending 435

Housing Wire

JULY 29, 2022

About 39% of 210 senior mortgage executives representing 189 lending institutions said cost-cutting was the most important agenda item, the first time that has happened since 2017, according to Fannie Mae ‘s mortgage lender sentiment survey. billion in loan origination volume in 2021.

Mortgage 397

Mortgage Loan Officers Lending Real Estate Agent 397

Housing Wire

AUGUST 20, 2021

Griffin Funding was the fastest housing sector grower in 2017. Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We

Real Estate 476

Real Estate Realty Brokerage Mortgage 476

Housing Wire

MARCH 5, 2021

In the announcement, UWM said that the decision came in response to Rocket Mortgage and Fairway participating in actions including soliciting loan officers away from brokers and working directly with real estate agents to cut brokers out of the entire process, a narrative that is far from new.

Mortgage 514

Mortgage Marketing Real Estate Agent Loan Officers 514

Housing Wire

OCTOBER 10, 2024

The regulator also charged the company with violations of the Truth in Lending Act and Fair Credit Reporting Act. The firm, which offers “ smart loans ” through artificial intelligence technology, developed a cloud-based portal, LoanFlow , that allows mortgage brokers and loan officers to originate loans anytime, anywhere.

Mortgage 418

Mortgage Landlords Loan Officers Legal 418

Housing Wire

OCTOBER 13, 2021

The company ceased operations in July 2017 after years of declining volumes. Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. It’s also made a push to hire teachers and first responders to be loan officers. The originations went from $14.1

Mortgage 421

Mortgage Investors Investing Loan Officers 421

Housing Wire

MAY 2, 2022

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. Presented by: Acra Lending. The company reduced its origination to $2 billion in 2016 before shutting down altogether in 2017.

Human Resources 397

Human Resources Loan Officers Retail Training 397

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

SEPTEMBER 10, 2022

Mike Kortas, the controversial CEO and co-founder who himself is no stranger to starting online scraps, said other community members, including smaller brokers and AIME’s leaders, have attacked him, his company and loan officers on social media. NEXA, founded in 2017 by Kortas , is a fast-growing mortgage brokerage.

Brokerage 435

Brokerage Loan Officers Retail Mortgage 435

Housing Wire

JUNE 2, 2023

District Court for the Eastern District of Pennsylvania , ESSA “failed to provide mortgage lending services and did not serve the credit needs of majority-Black and Hispanic neighborhoods in the Philadelphia metropolitan area” from 2017 to 2021. According to a complaint filed by DOJ in the U.S. It is simply the right thing to do.”

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Lending Advertising Design Loan Officers 321

Housing Wire

APRIL 25, 2022

It has about 350 loan officers and roughly 100 retail branches. . First Choice brought to CrossCountry retailer Costco ’s mortgage program, which connects the big box retail giant’s members with a select list of lenders and offers a discount on the lending fees.

Retail 397

Retail Loan Officers Mortgage Lending 397

Housing Wire

JANUARY 12, 2023

In this case, the alleged redlining occurred from 2017 through at least 2020 in Los Angeles. . This followed the hiring of Vanessa Montañez to the newly created role of Community Lending National Sales Manager last fall. . billion in mortgage loans over the last 12 months through about 70 loan officers and 268 branches.

Advertising 397

Advertising Loan Officers Mortgage Lending 397

Housing Wire

APRIL 12, 2021

Business credit report provider Credit Plus announced last week it has integrated with LendingWise , an LOS-software platform serving commercial lending. The move establishes Credit Plus in the commercial and private money lending spaces. “In

Property Taxes 285

Property Taxes Lending Loan Officers Business 285

Housing Wire

JULY 3, 2024

For instance, we started working with machine learning for automated valuation models back in 2017. At Clear Capital, we started using machine learning for our automated valuation model in 2017. This is especially true for machine learning, since much of the “AI” happens before you really interact with it as a user.

Training 434

Training Tools Lending Valuation 434

Housing Wire

NOVEMBER 23, 2022

Over the last year, it has also sold off large chunks of the business – including sub-servicing with ServiceMac and delegated correspondent to Planet Home Lending – which accounts for several thousand workers transitioning to new firms. billion in 2012, the company decided to shutter its business in 2017.

Marketing 397

Marketing Loan Officers Business Mortgage 397

Housing Wire

MAY 3, 2022

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Renovations 418

Renovations Loan Officers Technology Mortgage 418

Housing Wire

DECEMBER 16, 2021

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. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. 375% below the market.”

Mortgage 370

Mortgage Loan Officers Retail Training 370

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank National Sales Director of Mortgage Lending Scott Lindner Scott Lindner serves as National Sales Director of Mortgage Lending for TD Bank , one of the 10 largest banks in the nation. In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development.

Loan Officers 243

Loan Officers Retail Buyers Housing Market 243

Housing Wire

OCTOBER 9, 2020

As recently as 2017, it was over 50%. ” For Gary Malis, chief financial officer of Paramount Residential Mortgage Group , the complexities in modeling right now are dizzying, especially when accounting for servicing and PIWs (property inspection waivers). Do you throw out the baby with the bathwater?

Marketing 370

Marketing Investors Technology Loan Officers 370

Housing Wire

MAY 16, 2022

Mortgage executives, consultants and loan officers had forecast that players who perform well with purchase mortgages – or in other words, get closer to the borrower – are better positioned in the downmarket. “The While purchase lending posted an all-time high of $1.7 Cooper ($658 million) and Ocwen ($58 million).

Mortgage 397

Mortgage Lending Business Finance 397

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. The original appraisal waiver solutions were launched in August 2017. How do the solutions work? Why do we need them?

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Modernization Appraisal Inspection Valuation 418

Housing Wire

JULY 13, 2021

OriginPoint has a Chicago address, and it is actively looking for loan officers, according to OriginPoint’s website. Guaranteed Rate and Realogy teamed up for a mortgage origination joint venture when the pair launched Guaranteed Rate Affinity in 2017. Guaranteed Rate has a similar JV with Realogy.

Brokerage 305

Brokerage Real Estate Clients Agents 305

Housing Wire

AUGUST 31, 2022

The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. The second category is mortgage and non-mortgage brokers, which includes establishments that facilitate lending by bringing borrowers and lenders together. Source: Nationwide Multistate Licensing System.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Housing Wire

MAY 7, 2023

2017 99,880 2016 88,105 2015 94,101 As you can see in the chart below, new listing data is very seasonal; we don’t have much time to get some more growth here. Since the entire marketplace is keeping an eye out on credit getting tighter, I will be watching the Senior Loan Officer Opinion Survey on Bank Lending Practices on Monday.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? The 2017 Manufactured Housing Facts report by the Manufactured Housing Institute indicates that 9% of new U.S.

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Construction Loan Officers Training Lending 148

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? The 2017 Manufactured Housing Facts report by the Manufactured Housing Institute indicates that 9% of new U.S.

Construction 78

Construction Loan Officers Training Lending 78

Housing Wire

AUGUST 22, 2022

The lender approved their application for a loan with a 2.25% interest rate, with a “conservative” estimated value of the house at $550,000, pending approval. In 2017, the couple bought the four-bedroom, fully detached single-family home at 209 Churchwardens Road for $450,000. Racial discrimination has been deeply rooted in the U.S.

Appraisal 370

Appraisal Loan Officers Valuation Finance 370

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. The law also required banks to lend within their communities.

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Lending Government Law Mortgage 370

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 75

Reconsideration of Value Appraisal Real Estate Insurance 75

Clear Capital

SEPTEMBER 29, 2021

” This has been a very hot and important topic within the lending space for the last year or so, we’ve talked about it on this podcast before Kenon. And then in 2017, the thing that just kind of kept p **g me off was that homeownership rates just kept dropping. My professional background is out of finance and lending.

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Sellers Agents Real Estate Appraisal 67

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. Is there room for more improvement?

Appraisal 52

Appraisal Insurance Real Estate Business 52

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Modernization Insurance Lending Mortgage 370