Housing Wire

OCTOBER 15, 2024

Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. million people — Fairway had three retail loan offices and three desks in real estate offices, all in majority-white areas. million civil penalty.

Advertising 468

Advertising Lending Loan Officers Retail 468

Housing Wire

APRIL 14, 2021

economy in March 2020, mortgage lenders had to be nimble in a variety of areas. Prior to integrating FactCheck, the lender used an Excel spreadsheet that the underwriter and or loan officer would have to key information into. Citizens fully implemented FactCheck on September 1, 2020. When COVID-19 first rocked the U.S.

Lending 318

Lending Loan Officers Mortgage Business 318

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 368

Real Estate Agent Real Estate Agents Loan Officers 368

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. These worries are now showing signs of alleviating , though the virus is resurgent.

Mortgage 493

Mortgage Lending Government Loan Officers 493

Housing Wire

JANUARY 19, 2024

The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans. Tennessee-based community bank Patriot Bank agreed to pay $1.9

Loan Officers 481

Loan Officers Lending Advertising Home Improvement 481

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 435

Loan Officers Technology Lending Tools 435

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

Housing Wire

JANUARY 25, 2024

Jonathon Haddad, president of Next Door Lending , will replace Katie Sweeney as the chairman and CEO of the Association of Independent Mortgage Experts (AIME). Haddad joined the channel in 2020 at Next Door Lending, where he transitioned from vice president to managing partner and president.

Retail 448

Retail Lending Loan Officers Brokerage 448

Housing Wire

OCTOBER 12, 2021

The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience hat would benefit both borrowers and servicers. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 370

Lending Technology Investing Loan Officers 370

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 459

Loan Officers Tools Business Clients 459

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

MARCH 25, 2021

The capital raise follows a $5 million Series A funding round in June 2020. In short, their AI platform, which is built on aggregated loan data from its network, allows loan officers, processors and underwriters to offload manual, arduous tasks. Clients include Credit Union of Colorado , Texas Lending and JMAC Lending.

Mortgage 448

Mortgage Lending Technology Loan Officers 448

Housing Wire

SEPTEMBER 15, 2023

The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. In addition, the company has requested the return of commissions paid for loans that were originated but subsequently recaptured. Gifoli served as a loan officer from May 2021 to October 2021.

Loan Officers 435

Loan Officers Real Estate Legal Lending 435

Housing Wire

MARCH 8, 2021

For many in the housing industry, the events of 2020 accelerated tech adoption. First, mortgage lending is highly volatile. We expect 2020 – 2021 to be the sixth in the series. It also makes it difficult for lending teams to staff appropriately for volume fluctuations. Take lead management, for instance.

Technology 443

Technology Lending Loan Officers Development 443

Housing Wire

OCTOBER 4, 2024

Kevin Peranio, left, of Paramount Residential Mortgage Group, and Candice McNaught of Supreme Lending lead a panel discussion during the HousingWire IMB Summit in Dallas on Oct. At Supreme Lending — which produced approximately $3.7 We have taught loan officers how to redo loan refinances.

Mortgage 435

Mortgage Loan Officers Lending Real Estate Agent 435

Housing Wire

JANUARY 12, 2022

Chicago-based Guaranteed Rate will discontinue its third-party wholesale channel, Stearns Wholesale Lending , just one year after it acquired the multichannel lender. increase compared to 2020, according to Inside Mortgage Finance. The figure is believed to be a record for a retail loan originator.

Retail 397

Retail Loan Officers Best Value Business 397

Housing Wire

FEBRUARY 9, 2021

HousingWire: We’ve seen multiple predictions of non-QM lending heating up in 2021. We saw and endured COVID force a pause on the business and had to quickly respond and adapt to continue to lend. Angel Oak made it happen thanks to our close connection with investors who trust our loans and lending standards.

Lending 447

Lending Loan Officers Business Investors 447

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. The second big mortgage joint venture announcement this week is a meeting of the Glenns.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

OCTOBER 31, 2024

Product comparisons In its announcement of the new rate and additional states, FOA said that its optimistic outlook for the product is fueled by the increased activity in the home equity lending space. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers.

Mortgage 434

Mortgage Loan Officers Lending Renovations 434

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. “The area of focus for us right now is hiring LOs,” Lind said.

Lending 434

Lending Loan Officers Real Estate Mortgage 434

Housing Wire

FEBRUARY 16, 2021

With smarter and faster data, a personalized service experience is key for the future of lending. #2 However, the Point of Sale category took a turn for the better in 2020. Good technology should be the language loan officers use to communicate with their customers, not their replacement. #4 2 Digital adoption.

Mortgage 534

Mortgage Technology Loan Officers Business 534

Housing Wire

DECEMBER 11, 2023

Loan discounts — known as pricing exceptions — is when a lender makes exceptions to its established credit standards. fair lending laws has been on regulators’ radar in recent years. The CFPB has been tightening its screws on fair lending practices. Its findings showed that mortgage lenders violated U.S.

Mortgage 468

Mortgage Lending Law Loan Officers 468

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint. He leads both retail sales and operations, a channel that originated over $47 billion in 2020.

Retail 418

Retail Lending Loan Officers Technology 418

Housing Wire

SEPTEMBER 25, 2024

Different from the boom of 2020 and 2021, lenders now face a more fragile financial situation, an extended pool of experienced candidates, and the likelihood of a smaller refinancing wave. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.)

Mortgage 459

Mortgage Loan Officers Retail Training 459

Simonson Real Estate

AUGUST 24, 2020

On March 11, 2020, the World Health Organization announced COVID-19 as a global pandemic (this day also happens to be my birthday so good or bad, it’s an easy date for me to remember). On August 14, 2020, the Minnesota Real Estate Journal held the 13th Annual Capital Markets Summit at the Radisson Blue Mall of America Hotel.

Lending 148

Lending Construction Tenants Real Estate 148

Housing Wire

JUNE 6, 2022

By some estimates, origination volume will fall in 2022 to about $2 trillion, about half the volume from the record-breaking years of 2021 and 2020. Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022.

Mortgage 448

Mortgage Loan Officers Lending Human Resources 448

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 459

Retail Loan Officers Brokerage Technology 459

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac.

Retail 459

Retail Tools Lending Technology 459

Housing Wire

NOVEMBER 3, 2021

The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. by transaction volume in 2020 with $72.2 The brokerage was the fourth-largest in the U.S.

Brokerage 397

Brokerage Lending Realty Agents 397

Housing Wire

JANUARY 12, 2021

WFG reports its highest volume months ever during Q2 and Q3 of 2020. He explained that as consumers use the tool to prepare their finances to get a mortgage, loan officers will also be able to see at a glance if the consumer is ready, simplifying the mortgage application process. Presented by: WFG.

Tools 444

Tools Loan Officers Lending Design 444

Housing Wire

MARCH 4, 2021

According to the announcement, the decision comes in response to Rocket 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. Ishbia said that the program’s “been great.

Real Estate Agent 521

Real Estate Agent Loan Officers Mortgage Lending 521

Housing Wire

AUGUST 31, 2020

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Loan Officers 427

Loan Officers Development Real Estate Technology 427

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year.

Mortgage 418

Mortgage Loan Officers Retail Training 418

Housing Wire

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

Mortgage 370

Mortgage Loan Officers Retail Finance 370

Housing Wire

OCTOBER 11, 2021

According to FHCCI, out of the 2,250 mortgage loans made by the bank from 2019 to 2020, a measly 37 were to Black borrowers across the entire Indianapolis market. Furthermore, the fair housing organization concluded by way of an in-person test that loan officers from Old National treated Black testers less favorably than white testers.

Lending 435

Lending Loan Officers Law Mortgage 435

Housing Wire

JANUARY 5, 2021

The platform allows loan officers to become “mobile originators,” using their smartphones to view applications, pull credit reports and oversee all aspects of the loan process while connecting in real-time to their LOS. billion.

Architecture 418

Architecture Real Estate Agent Loan Officers Real Estate 418

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process. Many loan officers who may not have in the past sought to engage with customers digitally.

Lending 370

Lending Technology Loan Officers Investors 370