Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

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Loan Officers Mortgage Finance Buyers 468

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

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Loan Officers Mortgage Real Estate Agent Real Estate 355

Housing Wire

JULY 16, 2024

Mortgage insurer Radian Group plans to lay off 70 employees in Pennsylvania in September, according to a Worker Adjustment and Retraining Notification (WARN) sent to the state’s Department of Labor and Industry. Private mortgage insurance protects lenders from payment defaults when borrower down payments are less than 20%.

Insurance 380

Insurance Loan Officers Technology Real Estate 380

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s It could open up the door for more business,” he said.

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Loan Officers Mortgage Inventory Clients 416

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits.

Insurance 437

Insurance Mortgage Investors Renovations 437

Housing Wire

APRIL 16, 2024

Take, for example, Miami-based proptech firm Realfinity , which aims to challenge the status quo with a new business venture. The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing.

Real Estate Agent 456

Real Estate Agent Loan Officers Real Estate Agents 456

Housing Wire

OCTOBER 10, 2024

Two weeks after Helene hit, Movement Mortgage loan officer Mitch Davidson still has no power or running water at his Asheville home — and he says it could be months before they return. “Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said.

Agents 370

Agents Insurance Housing Market New Listings 370

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Does your CRM hurt or help the customer experience?

Real Estate 476

Real Estate Business Valuation Technology 476

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. business advisory firm in real estate, mortgage finance, digital mortgage, banking and capital markets. Register for the FinLedger Daily Newsletter.

Business 487

Business Law Real Estate Investors 487

Housing Wire

MAY 25, 2023

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

Loan Officers 411

Loan Officers Real Estate Agent Real Estate Finance 411

Housing Wire

JANUARY 2, 2024

However, two former employees said the company communicated it’s shutting down its mortgage lending business. “They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans.

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Loan Officers Lending Mortgage Insurance 449

Housing Wire

APRIL 29, 2024

. “Customers of Republic Bank should continue to use their existing branches until they receive notice from Fulton Bank that it has completed system changes that will allow its branch offices to process their accounts as well,” the Federal Deposit Insurance Corp. billion in loans.

Loan Officers 366

Loan Officers Insurance Mortgage Lending 366

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 468

Finance Real Estate Agent Real Estate Insurance 468

Housing Wire

MAY 22, 2024

H4P endorsements accounted for roughly 6% of the 32,963 HECMs endorsed for Federal Housing Administration (FHA) insurance that fiscal year. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product. That’s not saying all that much. A sleeping giant?

Mortgage 398

Mortgage Loan Officers Lending Business 398

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

Mortgage 439

Mortgage Lending Loan Officers Design 439

Housing Wire

NOVEMBER 7, 2024

million decline in the fair value of its MSRs, which Ishbia explained “is tied to changes in interest rates and has nothing to do with how we operate our business.” The company’s volume in Q3 2024 consisted mainly of purchase loans, which accounted for $26.2 However, refis business increased to $13.3 million, including a $446.1

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Government Loan Officers Mortgage Insurance 293

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. 5000 list of America’s fastest-growing private businesses. The company’s growth and culture have been acknowledged nine times on the Inc.

Buyers 358

Buyers Retail Loan Officers Insurance 358

Housing Wire

JANUARY 5, 2023

California-based Loan America, Inc. is the latest former business partner to sue Sprout Mortgage in a suit filed six months after the mortgage lender abruptly closed its doors. Loan America, a full-service mortgage company, relies on warehouse loans or lines of credit for loan funding, similar to many other non-QM lenders.

Insurance 431

Insurance Loan Officers Mortgage Business 431

Housing Wire

NOVEMBER 1, 2022

Mortgage tech firms Mortgage Coach and Polly have teamed up on a new application programming interface (API) integration that guides borrowers through a visual representation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 426

Mortgage Project Management Insurance Loan Officers 426

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

Insurance 433

Insurance Loan Officers Retail Mortgage 433

Housing Wire

NOVEMBER 4, 2024

31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. While I absolutely could have begun my home search with an agent, as a reporter covering the space, I know how busy agents are. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

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Agents Inspection Real Estate Sellers 434

Housing Wire

OCTOBER 6, 2022

“In light of macroeconomic market conditions, on Monday of this week we further restructured the mortgage operations group within our Keller Mortgage business,” Darryl Frost, a spokesperson at Keller Williams , wrote in an email confirming the layoffs. The post More layoffs at Keller Mortgage appeared first on HousingWire.

Mortgage 367

Mortgage Real Estate Loan Officers Brokerage 367

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 85%) back to the pre-crisis level of.5%,”

Insurance 366

Insurance Loan Officers Sellers Mortgage 366

Housing Wire

MAY 11, 2021

Better.com, which offers mortgage, real estate, title and homeowner insurance through its digital platform, has entered an agreement to merge with Aurora Acquisitions Corp., billion in title insurance and $1.4 billion in homeowners insurance. a blank check company sponsored by Novator Capital. The company generated $24.2

Valuation 394

Valuation Insurance Investors Loan Officers 394

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation.

Lending 351

Lending Mortgage Loan Officers Government 351

Housing Wire

OCTOBER 6, 2021

Competition in the housing market is going to increase quickly as the nation recovers from the pandemic, and those who are using tech to keep their pipeline flowing will be better equipped to compete and win new business. Better has also made strides in real estate and insurance. billion in title insurance and $1.4

Insurance 434

Insurance Investors Real Estate Loan Officers 434

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.

Training 372

Training Loan Officers Lending Mortgage 372

Housing Wire

OCTOBER 4, 2024

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. The lender must notify the borrower of the credit decision within 30 days of receiving the loan application.

Real Estate 398

Real Estate Loan Officers Tools Law 398

Housing Wire

FEBRUARY 24, 2021

HousingWire: What role has the increase in technology played for both businesses and consumers in the real estate space? Quite frankly, you may consider the new trend as B2P – business to people. Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS.

Real Estate Agent 297

Real Estate Agent Real Estate Agents Loan Officers 297

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. over the past 12 months to 6,121.

Mortgage 367

Mortgage Loan Officers Lending Business 367

Housing Wire

SEPTEMBER 28, 2023

We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We put a huge amount of effort into building a fantastic CRM platform, but you couldn’t get anyone to touch it — they were all too busy simply getting loans.

Technology 439

Technology Loan Officers Lending Business 439

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. was open for business. In total, 76.6%

Mortgage 346

Mortgage Loan Officers Insurance Business 346

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. The mystery as to what happened to its loan pipeline and funding endure. Shocked employees didn’t receive their last paychecks. Yet Strauss, who already has a $2.45

Mortgage 418

Mortgage Investors Legal Loan Officers 418

Housing Wire

APRIL 13, 2022

Each year, HousingWire recognizes the outstanding women in housing who are making notable contributions to both their businesses and to the industry at-large. Enact Mortgage Insurance’s Director, Quality Assurance, Sheila Klostermann , led her team in increasing productivity by ~ 25% over the last year.

Loan Officers 365

Loan Officers Insurance Mortgage Business 365

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. The holding company will invest in finance, insurance, and real estate businesses. Interfirst told HousingWire in August that it originated $1.65

Mortgage 332

Mortgage Investors Investing Loan Officers 332

Housing Wire

JUNE 1, 2021

Triumph Business Capital. Genworth Mortgage Insurance. Alterra Home Loans. Senior Loan Officer. Freddie Mac Single-Family Business. Director, Business Operations. First Guaranty Mortgage Corporation. Allison Mills. Senior Director, Securitization Operations. Common Securitization Solutions.

Retail 416

Retail Lending Loan Officers Finance 416

Housing Wire

JUNE 6, 2022

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. The bank’s revenues in the home lending business totaled $1.5 But without reliable access to purchase business, conditions look bleak for Better.

Mortgage 447

Mortgage Loan Officers Lending Human Resources 447