Housing Wire

OCTOBER 17, 2024

This is true disruption of the non-licensed tasks performed by armies of traditional customer service reps, loan officers, and processors in the mortgage industry,” Garg added. Kevin Ryan, Better’s chief financial officer, said that the average cost to sell and process a mortgage in the U.S. is nearly $9,000.

Loan Officers 435

Loan Officers Tools Technology Mortgage 435

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

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

Lending 468

Lending Loan Officers Mortgage Government 468

Appraisal Buzz

AUGUST 15, 2024

At their best, Loan Officers (LOs) should act as financial guides to their customers, helping them see and help surface opportunities that they did not know existed. Let us say you bought a home in 2021 for $280,000. You put 20% down, leaving you with a mortgage of $224,000.

Loan Officers 407

Loan Officers Clients Home Improvement Insurance 407

Housing Wire

JANUARY 27, 2023

The majority of lenders easily lost half of the volume last year that they originated in 2021, and LOs who have their own databases to tap into are highly sought after. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

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

NOVEMBER 15, 2024

Rhea was a HousingWire Woman of Influence in 2021. Starting Mortgage Investors Group with a handful of people in 1989, she built it into one of the Southeast’s leading mortgage lenders, all while championing fair lending and affordable housing.” My heart is heavy for her family and her colleagues.

Investors 370

Investors Mortgage Loan Officers Lending 370

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.

Lending 370

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 442

Investing Tenants Development Loan Officers 442

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

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

MARCH 21, 2025

The dawn of the super app Zillow began honing its Housing Super App strategy in early 2022 after announcing its departure from iBuying during its Q3 earnings call in November 2021. Rocket’s strength in mortgage But when it comes to mortgage, Rocket has the clear advantage.

Real Estate 292

Real Estate Agents Loan Officers Mortgage 292

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

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

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

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

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

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 174

Loan Officers Lending Real Estate 174

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

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

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

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

Eyes on Housing

FEBRUARY 11, 2022

In the fourth quarter of 2021, the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed easing lending standards for Commercial Real Estate (CRE) loans, increased demand for multifamily loans, and moderately reduced demand for home loans (Residential Real Estate, RRE).

Lending 156

Lending Loan Officers Real Estate Mortgage 156

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

Appraisal Buzz

FEBRUARY 5, 2025

inflation rate peaked at 7% in 2021, and recently declined to 2.7%. A hidden benefit of upgraded technology is that it can also be a potent recruitment tool, attracting experienced loan officers who are drawn to sophisticated tools that help build their businesses. According to the latest data, the U.S.

Marketing 221

Marketing Loan Officers Training Technology 221

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