Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success.

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Loan Officers Technology Tools Investors 459

Housing Wire

FEBRUARY 7, 2023

The company has 39 active loan officers across its retail branches, according to Modex data. By joining Guild, Legacy loan officers can offer additional mortgage products and specialized loan programs. The distributed retailer’s volume slipped to $2.7 billion in the fourth quarter of 2022 from $4.4

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Retail Mortgage Loan Officers Technology 397

Housing Wire

OCTOBER 28, 2024

Recognizing this, savvy lenders have been making efforts to both simultaneously build their pipeline with new business and nurture their existing book of business. As a result, many potential buyers, along with current homeowners looking to refinance, are sitting tight in the hopes that rates will eventually drop.

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Loan Officers Technology Business Mortgage 435

Housing Wire

JANUARY 17, 2023

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A These hopes for a declining rate have many loan officers feeling optimistic about 2023’s business prospects after experiencing lower volumes last year. A 5% market will be good.

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Loan Officers Marketing Real Estate Agent Real Estate 435

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. trillion or $1.7

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Loan Officers Investors Mortgage Clients 418

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Is it having a happy client who will be a great reference? Is it closing on time?

Real Estate Agent 437

Real Estate Agent Real Estate Project Management Agents 437

Housing Wire

APRIL 5, 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. . “I had one client in St. .” Real estate agents and LOs: the great collaboration.

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Buyers Real Estate Agent Real Estate Brokerage 493

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, some newcomers to the industry haven’t been lucky in growing their book of business.

Marketing 418

Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

FEBRUARY 9, 2021

Our focus has always been on relationships, customer service and delivering an outstanding client experience. Our vertically integrated business model helped make this process easy to implement to start growing volume again by closing loans quickly. HW: How does vertical integration benefit a loan officer?

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Lending Loan Officers Business Investors 447

Housing Wire

AUGUST 9, 2023

Nunes also sought input from industry experts, lenders and loan officers. Robinson found that 3,122 lenders originated at least one jumbo loan in 2022, and that 138 lenders exited the space last year. When banks do jumbo loans, they want to have money from the client in the bank.

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Loan Officers Mortgage Clients Retail 369

Housing Wire

MARCH 2, 2023

I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I The LO in the Portland, Oregon area said she’s trying to get creative to help clients, pursuing 3/2/1 and 2/1 mortgage rate buydowns. Applications have definitely slowed down in the last few weeks.

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Mortgage Buyers Loan Officers Marketing 468

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. The company has 1,810 loan officers and 482 branches, Modex data shows. . In total, the company has 15 clients.

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Loan Officers Retail Business Mortgage 397

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

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Training Loan Officers Lending Mortgage 397

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

AUGUST 26, 2024

According to Freel, originators that do not own MSRs are likely to benefit from lower rates due to higher origination volumes and the absence of markdowns on their servicing books. million clients, a number it will likely reach by early 2025 after migrating Flagstar’s customer base. Cooper Group.

Mortgage 458

Mortgage Business Investing Clients 458

Housing Wire

SEPTEMBER 8, 2022

Mike is an experienced mortgage loan officer. He knew it would be really tough to maintain the relationships with his partners and clients from a hospital bed. In 2000, Mike’s company used a CRM capable of automating the marketing for its loan officers. He is alive and well and still originating loans in Seattle.

Business 459

Business Marketing Technology Tools 459

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 476

Mortgage Buyers Loan Officers Sellers 476

Housing Wire

AUGUST 3, 2023

Our focus on servicing clients through innovation in this challenging market is working,” Bill Emerson, interim CEO of Rocket Companies, told analysts in its earnings call. million loans service, with approximately $500 billion in unpaid principal balance. Rocket generated $22.3 The number of Rocket accounts grew to 29.3

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Clients Business Inventory Mortgage 370

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Whatever their clients are asking for, they must try and accommodate them as quickly as possible. We’ve been through the evolution and growth of non-QM since the beginning and have a book of business that is in the billions.

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Marketing Lending Loan Officers Training 370

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors. By the same measure, Guild had just 1.1% We had about 400 sellers on our own.

Mortgage 448

Mortgage Retail Lending Sellers 448

Housing Wire

OCTOBER 23, 2023

” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. By the way, some of that is book [losses]. We don’t hold loans on our balance sheet.

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Technology Loan Officers Retail Marketing 448

Housing Wire

MAY 16, 2022

Rocket posted a 17% year-over-year increase of $546 billion in unpaid principal balance as of March 31 regarding its servicing book. million clients in the servicing portfolio and generates $1.4 Homepoint reduced its servicing portfolio and completed sales of MSRs of single-family mortgage loans of about $434.5 Rocket has 2.6

Mortgage 397

Mortgage Lending Business Finance 397

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The loans themselves are… really creditworthy and being marked. But we’re not going to be putting a lot of jumbo, cheap jumbo mortgage loans in our books. They’re obviously going to have a much higher return going forward. year over year.

Marketing 370

Marketing Retail Mortgage Investors 370

Appraisal Buzz

SEPTEMBER 19, 2024

Alzora Baker, VP of Origination, VRM Lending LLC “As a female executive leading a team of two female Mortgage Loan Officers, Alzora Baker exemplifies the importance of diverse leadership in the mortgage industry. Alzora’s commitment to educating clients and guiding them through the process is unparalleled.

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Development Lending Insurance Business 221

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? Remember the old mortgage broker days of visiting an office and chatting with loan officers? UPDATED No.

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Appraisal Real Estate Agent Contracts Real Estate 83

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted.

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Reconsideration of Value Appraisal Real Estate Insurance 75

Appraisal Today

MAY 12, 2023

Read many tips in this article, including motivational books and recordings, becoming an optimist, stages of adjustment to change, and many more ideas. The residential lending appraisal business depends on low-interest rates, the same as for loan officers. Mortgage lending is very, very cyclical. Those who adapt survive.

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Appraisal Architecture Business Contracts 52

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers. For lenders and brokerages, the risks of LOs or agents overstepping are high.

Real Estate Agent 476

Real Estate Agent Loan Officers Real Estate Agents 476

Housing Wire

NOVEMBER 5, 2024

I remember in 2007 when I told a neighbor I was about to become a loan officer. I had been working at Washington Mutual for a few months when I was offered the opportunity to go into a mentorship under the two top loan officers in the county. New loan officers have very little to no training and very little support.

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Loan Officers Clients Realtors Mortgage 397