Housing Wire

JUNE 24, 2021

In 2021, all housing professionals must be focused on the 3 P’s: Process, Profitability and Purchase. And to help you power your business forward in 2021 and beyond we brought together the smartest minds in purchase mortgage marketing to share the insights, tactics and strategies that set the leaders apart. ALL EYES ON PURCHASE.

Loan Officers 395

Loan Officers Lending Finance Business 395

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands.

Lending 397

Lending Finance Loan Officers Legal 397

Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. compared to the same period in 2021. . Expected to close around Oct.

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Lending Retail Legal Loan Officers 370

Housing Wire

AUGUST 8, 2022

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM.

Lending 397

Lending Loan Officers Training Investors 397

Housing Wire

JUNE 1, 2021

And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond. See below for HousingWire’s 2021 list of Rising Stars, and click through for full profiles on each winner that detail their impressive accomplishments. EVP, Retail Lending.

Retail 418

Retail Lending Loan Officers Finance 418

Housing Wire

JANUARY 24, 2022

Stearns Lending will lay off 348 workers following the decision by Guaranteed Rate earlier this month to discontinue operations of its third-party wholesale channel. Founded in 2000, Guaranteed Rate sought to boost retail loan originations, scale its JV platform, and develop new multichannel capabilities by acquiring Stearns.

Lending 370

Lending Retail Loan Officers Business 370

Housing Wire

JANUARY 26, 2023

California-based lender American Pacific Mortgage (APM) announced an asset purchase agreement with retail lender Lend Smart Mortgage on Thursday in its latest move to drum up production across the country. APM bought assets that include about 25 branches from the Minnesota retail lender Lend Smart. billion.

Lending 418

Lending Retail Loan Officers Mortgage 418

Housing Wire

JANUARY 10, 2024

In 2021, Pennymac vowed to create 322 jobs in Wake County, North Carolina and invest $4.3 million into Pennymac Loan Services, its mortgage lending subsidiary, to establish a mortgage fulfillment production center in Cary, North Carolina. million in tenant improvements in North Carolina since 2021, the letter added.

Investing 441

Investing Tenants Development Loan Officers 441

Housing Wire

FEBRUARY 3, 2023

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. in 2021, mortgage data platform Modex showed. of the total volume in 2021, its origination shifted toward purchase mortgages, which accounted for 73.1%

Real Estate 74

Real Estate Lending Human Resources Insurance 74

Housing Wire

MARCH 10, 2021

Now, with 2021 leaning back to purchase-driven volume, they are positioned to accelerate that market dominance. The community lending segment has experienced impressive growth over the last 10 years. Powered by technology and fulfillment partnerships, community lenders are poised to continue their growth path in 2021.

Marketing 397

Marketing Technology Lending Business 397

Housing Wire

FEBRUARY 24, 2022

Net income at eXp was $81 million for 2021, according to a virtual world earnings call Thursday livestreamed on YouTube. Agent count increased 72% in 2021 to over 71,000 at December’s end. eXp agents took part in 444,367 deals in 2021, 86% more than 2020. On Thursday the cartoon avatars returned. Revenue increased 110% to $3.8

Brokerage 397

Brokerage Agents Loan Officers Real Estate 397

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

AUGUST 17, 2022

A customized loan application developed for Angel Oak Home Loans will support both agency mortgage and non-QM lending “for borrowers of diverse financial backgrounds,” said Shane Westra, chief product officer at Simple Nexus.

Lending 370

Lending Real Estate Agent Real Estate Technology 370

Housing Wire

JANUARY 19, 2024

“We are proud of our record and strongly deny that Patriot Bank ever avoided originating home mortgage loans in Black and Hispanic areas of the Memphis market.” The bank claims that Patriot ranked 14th out of 482 lenders in making mortgage loans in minority areas of Memphis in 2021 and 15th out of 534 lenders in 2022.

Loan Officers 482

Loan Officers Lending Advertising Home Improvement 482

Housing Wire

JANUARY 29, 2024

Three years into its controversial ultimatum , United Wholesale Mortgage (UWM) continues to engage in legal battles with its broker partners selling loans to rivals Rocket Mortgage and Fairway Independent Mortgage Corp. Other cases Another lawsuit recently filed by UWM was against Madison Atrina LLC , doing business as District Lending.

Contracts 468

Contracts Loan Officers Lending Retail 468

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

Lending 370

Lending Marketing Technology Contracts 370

Housing Wire

SEPTEMBER 15, 2023

The company originates and markets its mortgage lending services to Anywhere’s real estate brokerage and relocation subsidiaries. 1, the company sued Kristin Bati, a former vice president of mortgage lending, in Superior Court in California for Orange County. Gifoli served as a loan officer from May 2021 to October 2021.

Loan Officers 435

Loan Officers Real Estate Legal Lending 435

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The fintech was first licensed to do mortgage business in Connecticut in January 2021 and applied for a renewal in December 2023.

Landlords 448

Landlords Loan Officers Lending Contracts 448

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, 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

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). In 2021, LoanSnap secured $30 million in series B financing led by True Ventures. But the crux of the commissioner’s findings focuses on unlicensed origination activities.

Loan Officers 435

Loan Officers Mortgage Finance Lending 435

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

FEBRUARY 6, 2024

The complaint alleges that, from 2017 through 2021, FNB failed to provide mortgage services to predominantly Black and Hispanic neighborhoods in Charlotte and Winston-Salem, North Carolina. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Advertising 435

Advertising Lending Loan Officers Law 435

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgage 448

Mortgage Loan Officers Technology Lending 448

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 488

Loan Officers Lending Real Estate Brokerage 488

Housing Wire

AUGUST 30, 2021

The DOJ also claims that bank loan officers did not serve the credit needs of majority-Black and Hispanic neighborhoods, and that Cadence’s outreach and marketing avoided minority neighborhoods. . 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

APRIL 23, 2024

CJ Rose was promoted to the role of executive vice president of growth and acquisition, while Chris Hutchens was hired as producing area manager for North Carolina and senior vice president of mortgage lending. In 2021, he joined OriginPoint , a joint venture between Guaranteed Rate and leading real estate brokerage Compass.

Loan Officers 448

Loan Officers Real Estate Business Brokerage 448

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. CreditXpert, a software solutions company, provides loan officers with the tools needed to help their clients reach their dream of homeownership.

Loan Officers 468

Loan Officers Clients Tools Technology 468

Housing Wire

NOVEMBER 3, 2021

For the sixth straight quarter , eXp World Holdings , the parent company of eXp Realty , reported record breaking revenue, according to the company’s earnings report for the third quarter of 2021, released Wednesday. Year-over-year the number of agents and brokers increased 82% in Q3 2021 to 65,269. million, while net income was $23.8

Brokerage 397

Brokerage Lending Realty Loan Officers 397

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. The email explained that the last day to register a loan is January 12, while the last day for closing a transaction is February 28.

Retail 397

Retail Loan Officers Best Value Business 397

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

Eyes on Housing

MAY 5, 2021

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021.

Loan Officers 162

Loan Officers Lending Real Estate 162

Housing Wire

OCTOBER 18, 2023

Broadly speaking, the broker space tends to be more relationship focused, which lends itself better to a purchase environment. Let’s look at InGenius’s data on the number of loan officers and corresponding production levels. Since Q1 2021, the average LO has pumped out just under 16 loans per quarter at $4.8

Retail 521

Retail Loan Officers Brokerage Mortgage 521

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. As a group, the number of employees shrank by 46%, from 88,203 in 2021 to 47,940 in 2023.

Mortgage 459

Mortgage Loan Officers Retail Training 459

Housing Wire

APRIL 30, 2024

In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division. Founded in Denver in 1981, Universal added 60 loan officers to Lower. In 2021, Veritex acquired a 49% stake in Thrive for $53.9 million , valuing the lender at roughly $110 million.

Retail 448

Retail Loan Officers Lending Mortgage 448

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. CFPB’s probe into mortgage lenders The CFPB’s probe into mortgage lenders was shared back in Fall 2021. Wells Fargo paid $3.7

Mortgage 468

Mortgage Lending Law Loan Officers 468

Housing Wire

JANUARY 9, 2025

A spokesperson at The Mortgage Firm told HousingWire thatthroughout its 29-year history, the company has been committed to providing equal credit access to all communities within its lending footprint. The complaint also pointed out that the company had its offices located predominantly in white neighborhoods. Its peers share was 59%.

Investing 397

Investing Mortgage Lending Law 397