Housing Wire

OCTOBER 22, 2020

It’s worth looking inside the numbers though as we head toward year-end and think about 2021 strategies. 2021 is expected to show refinance volume being cut nearly in half by just over $800bb, almost 50% of 2020. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb.

Mortgage 499

Mortgage Training Contracts Loan Officers 499

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. million for a loan subsidy program and enhance its fair lending training, among other things. Its peers share was 59%.

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Investing Mortgage Lending Law 397

Housing Wire

FEBRUARY 21, 2024

This figure was down 15% year over year and 18% below the peak of 420,000 employees in July 2021, when the 30-year fixed mortgage rate averaged less than 3%. In 2021, Gigliotti created Axis 360 Lift , an online academy designed to educate aspiring mortgage and title professionals. But some are completely fresh to the field.

Housing Market 461

Housing Market Mortgage Marketing Real Estate 461

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021.

Mortgage 418

Mortgage Training Loan Officers Lending 418

Housing Wire

SEPTEMBER 27, 2023

In this case, the alleged redlining occurred from 2016 through at least 2021, when the bank failed to open a branch in majority-Black and Hispanic neighborhoods. The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas.

Advertising 459

Advertising Loan Officers Lending Training 459

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

JULY 27, 2021

Agents are immersed in our innovative, cloud-based model that provides clear financial incentives and unrivaled technology and training. Starting the second half of 2021 with over 60,000 agents sets a strong foundation for continued growth.”. “We were fortunate to be able to attract Michael Valdes [president of eXp Global.]

Realty 370

Realty Agents Lending Training 370

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. in 2021. . Despite rising housing unaffordability , we in the real estate business know that homeownership is still a fantastic way to build generational wealth.

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Real Estate Agent Real Estate Agents Lending 476

Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo.

Marketing 435

Marketing Real Estate Agent Lending Real Estate 435

Housing Wire

OCTOBER 28, 2022

Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi. Wendell Couch joined in 2008 and closed over $1 billion in loan production in 2021. Bhandal’s professional career spans more than 20 years in financial services.

Retail 435

Retail Training Lending Mortgage 435

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. Acra Lending, which rebranded from Citadel Servicing last year , more than doubled its headcount year-over-year from 200 employees to 420 in 2022. The new rule is slated to be implemented on Oct.

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Lending Loan Officers Real Estate Mortgage 434

Housing Wire

SEPTEMBER 9, 2021

Dave Sheeler, president of residential servicing and correspondent lending at Freedom Mortgage. Brena Nath: First off, congrats on being named a 2021 Insider. This year’s list of HousingWire Insiders radiate influence well beyond the walls of their individual companies, providing the infrastructure that upholds the whole industry.

Mortgage 418

Mortgage Lending Training Finance 418

Housing Wire

MAY 2, 2022

Some mortgage lenders reduced their workforce in the second half of 2021 and are now implementing new layoff rounds, such as Interfirst and Better.com. Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course.

Human Resources 397

Human Resources Loan Officers Retail Training 397

Housing Wire

DECEMBER 13, 2021

Nominations for HousingWire’s Tech100 award are now open through Friday, December 17, 2021. Blend is a 2021 Tech100 Mortgage honoree, which recognizes the most innovative and impactful tech organizations in housing. Click here to submit your company. The title insurance industry generated $6.8

Insurance 418

Insurance Technology Training Tools 418

Housing Wire

MARCH 4, 2021

2021 is already shaping up to be a vastly different year than 2020 for the mortgage and real estate industry, and it’s not only because we’re entering a purchase market. There are few more serious sins in the lending industry than earning a repurchase demand. First, is there a formal, written program in place?

Lending 448

Lending Law Loan Officers Clients 448

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

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

SEPTEMBER 2, 2020

Additionally, the company offers specialized training and licensing programs for people looking to enter the mortgage industry. Following the onset of the pandemic, the company transitioned nearly 97% of its staff to work from home, with plans to remain working remotely until at least 2021.

Training 397

Training Loan Officers Development Mortgage 397

Housing Wire

JULY 25, 2022

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. Purchase mortgage rates exceeded the 5% mark this year compared with rates at the 2% level in 2021. Presented by: Selene Finance.

Mortgage 370

Mortgage Training Lending Inventory 370

Appraisal Buzz

JUNE 10, 2021

Through the partnership with SkillBridge, Clario’s training program will upskill and employ 35 active service members transitioning to civilian life in the next 12 months. To apply for the training program, visit this website. We specialize in real estate valuations for the mortgage lending and financial services industries.

Appraisal 370

Appraisal Valuation Training Real Estate 370

Housing Wire

FEBRUARY 18, 2022

The creation of the PAVE Task Force and the imminent publication of its findings may very well create shockwaves in the entire lending arena. Since the 1930s, appraisers have largely been trained the same way — the supervisor/trainee mentorship model. It’s my hope that appraisers can be part of the solutions.

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Training Valuation Appraisal Real Estate 397

Housing Wire

FEBRUARY 5, 2021

He and his team have trained over 1 million lending professionals and worked with over 600 financial organizations and their operations teams in improving customer experience, streamlining processes and strengthening company culture. Vermillion is a trainer, speaker, consultant, author, consumer advocate, and philanthropist.

Training 352

Training Technology Valuation Real Estate 352

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

MARCH 12, 2024

million to fund a training grant that would, in part, “enable specialized training that will prepare counselors to support expanded HECM counseling and to better understand property valuation bias so that they can effectively counsel clients on this topic,” according to congressional justifications for the budget. HUD is requesting $2.5

Mortgage 458

Mortgage Insurance Training Government 458

Housing Wire

MAY 25, 2022

In May 2021, Keller Mortgage reached 1,000 employees, doubling its size of 530 employees since June 2020, according to a Keller Mortgage talent acquisition specialist on LinkedIn. But the director of underwriting reassured underwriters that they were assessing what kind of training was needed.”. billion this year. About 66.7%

Mortgage 418

Mortgage Loan Officers Retail Training 418

Housing Wire

NOVEMBER 17, 2022

He will also analyze the company’s best practices, trends and innovations in online marketing and train the marketing and sales teams on digital communication policies and the brand’s compliance with regulations. Quintans’ professional career spans more than two decades in mortgage lending.

Mortgage 370

Mortgage Marketing Training Design 370

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. What if the refi wave doesn’t materialize?

Mortgage 459

Mortgage Loan Officers Retail Training 459

Housing Wire

FEBRUARY 8, 2022

in early 2021 as part of a larger plan to expand its origination reach beyond California — with the goal of creating a national lending footprint. . That plan is now in full motion and, if successful, will double the lender’s origination volume this year, compared to 2021 — most of it in the non-QM space.

Marketing 370

Marketing Retail Lending Loan Officers 370

Housing Wire

MAY 5, 2021

And the country’s largest mortgage lender expects a good-sized slowdown in the second quarter of 2021. All told, the Detroit lending powerhouse originated $103.6 Rocket Mortgage originated more than $100 billion in mortgages for yet another quarter, but profit margins are trending down. Rocket also reported net income of $2.77

Mortgage 448

Mortgage Real Estate Agent Real Estate Clients 448

Housing Wire

JUNE 2, 2022

The question was on the minds of many at the Waldorf Astoria in Dana Point, California on Thursday – will non-qualified mortgage products become more commoditized as the rising rate environment wallops agency lending? In 2021, S&P Global estimated non-QM volume reached $28.6 Underwriters are trained as desktop underwriters (DUs).

Lending 397

Lending Investors Mortgage Technology 397

Housing Wire

NOVEMBER 2, 2023

We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024. with 85% owned by individual investors and LLCs based on 2021 U.S. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM.

Investors 476

Investors Real Estate Lending Loan Officers 476

Housing Wire

JULY 28, 2022

In light of this, HousingWire recently caught up with Teraverde Chief Technology & Innovation Officer Rob Peterson to learn more about the key to lender profitability in today’s lending environment. In the overall process of residential lending, our industry has not used automation. Nothing could be further from the truth.

Technology 418

Technology Business Lending Training 418

Housing Wire

DECEMBER 13, 2021

“Serving some of the top organizations in the real estate and lending space is a privilege,” said Jason Mitchell, president of JMG. JMG, which was recognized by Real Trends in 2021 as the No. All the opportunities, training and support from JMG were created to achieve high satisfaction from customers, and of course, partners. .

Real Estate 448

Real Estate Real Estate Agent Agents Clients 448

Housing Wire

APRIL 26, 2022

The voluntary buyout package includes several months of pay; full medical, dental and vision coverage until November; payment for banked personal time off; early vesting of stock that employees received at the company’s initial public offering in 2020, plus job training/resume building services. That was a 35.4%

Human Resources 370

Human Resources Lending Mortgage Training 370

Housing Wire

JULY 20, 2021

million self-employed Americans in April 2021. Having non-agency products in an originator’s wheelhouse allows them to meet the growing need for alternative lending options. The average purchase price has risen for the past four straight months to reach $384,000 in May 2021 according to data from the Mortgage Bankers Association.

Marketing 370

Marketing Lending Government Renovations 370

Housing Wire

APRIL 2, 2021

It also provides IT infrastructure experts, back-office support, and training for the franchisee. How hybrid title and valuations help increase lending efficiency. Proliant officials said expansion into other states throughout 2021 is currently in the works. Streamline by combining services. Presented by: Altisource.

Insurance 379

Insurance Agents Training Valuation 379

Housing Wire

DECEMBER 16, 2021

It began 2021 in 14 markets and is now in 70. More broadly, the mortgage refinancing gravy train has skidded off the tracks for several lending companies. Knock’s reckoning with loan officer pay comes amid a historic housing inventory shortage and fewer deals , though Knock itself is growing. Knock does not do refinancings.).

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Loan Officers Real Estate Agent Real Estate Agents 418