Housing Wire

DECEMBER 16, 2021

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.

Loan Officers 410

Loan Officers Real Estate Agent Real Estate Agents 410

Housing Wire

JUNE 5, 2023

Rapidly expanding Revolution In a rising rate environment, many lenders have downsized or have gone out of business. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets. We’ve been able to create a lot of stickiness over the years,” Lotsoff said.

Loan Officers 396

Loan Officers Mortgage Lending Retail 396

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. In contrast to when rates were in the 3% levels and refis were easy business, LOs are now having to handle more challenging cases. “It

Loan Officers 396

Loan Officers Inventory Real Estate Agent Buyers 396

Housing Wire

OCTOBER 30, 2024

A new episode of “The Loan Officer Podcast” aims to teach mortgage originators how to leverage tools and grow their businesses. Later on in the conversation, the duo explore social media strategies for loan officers to implement. This interview has been lightly edited for length and clarity.

Development 409

Development Business Loan Officers Retail 409

Housing Wire

MAY 22, 2023

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. I’m always going to be hypersensitive to that first-time buyer , where every dollar makes sense.

Loan Officers 345

Loan Officers Investors Technology Clients 345

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Loan officers need to take more time with borrowers and ask better questions to secure loans, Covey said. With rates around 6.9% versus a 6.5%

Loan Officers 397

Loan Officers Clients Sellers Buyers 397

Housing Wire

JUNE 17, 2022

Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now. The absolute truth is they don’t use much now at all and not because business is slow.

Loan Officers 410

Loan Officers Technology Training Insurance 410

Housing Wire

MAY 29, 2024

And it seeks to expand the number of available loan officers and strategic development tools to continue building on the momentum that company executive say they’re seeing in the space. How would you say business is going? We’ve just recently added a new strategic business manager to our division.

Business 413

Business Loan Officers Mortgage Clients 413

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. It’s not going to be more business.

Loan Officers 410

Loan Officers Mortgage Finance Clients 410

Housing Wire

MAY 22, 2024

Dallas -based Certainty Home Lending , an affiliate of Guaranteed Rate , named Shadi Kamran as its new national business development executive. The technologically advanced mortgage platform empowers loan officers to serve both customers and business partners with ease and excellence. “The

Development 410

Development Lending Business Loan Officers 410

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. Kim: We are in a downturn of a cyclical business. We have different levers in our business. How is an LO supposed to keep that in their head?

Loan Officers 398

Loan Officers Technology Investing Mortgage 398

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). Strauss’s restriction to do business started Oct. 3, indicating a voluntary surrender. 3, indicating a voluntary surrender.

Business 464

Business Loan Officers Law Mortgage 464

Housing Wire

JUNE 13, 2024

He discussed this year’s business trends and priorities in a recent interview with HousingWire ’s Reverse Mortgage Daily (RMD). Plack also touches on the company’s use of data science to source business, its use of direct mail and the importance of multiple modalities to support growth. I’m excited about where we’re headed.

Business 449

Business Mortgage Loan Officers Investing 449

Housing Wire

NOVEMBER 30, 2022

Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loan officer. It focuses on more than just task management and automation.

Loan Officers 355

Loan Officers Tools Clients Technology 355

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 458

Business Mortgage Loan Officers Inventory 458

Housing Wire

MARCH 27, 2024

US Mortgage recently surpassed 30 years in business. Business alignment Krajewski most recently served as vice president and head of reverse mortgage lending at University Bank , and he joined US Mortgage earlier this month. He said the company attracted him because of its goals to expand more broadly into reverse mortgages.

Business 445

Business Mortgage Loan Officers Training 445

Housing Wire

AUGUST 14, 2024

As you talk to more people across all aspects of our business, from the loan officers to the consumer to real estate agents, everybody is eagerly excited for what’s coming,” Sheinin said. August is generally a slower time for business in the mortgage industry and this year is no different, LOs told HousingWire.

Business 457

Business Mortgage Loan Officers Clients 457

Housing Wire

FEBRUARY 14, 2024

As reverse mortgage industry professionals continue to look ahead into 2024 after enduring a challenging year for business in 2023, the prevailing attitude is optimistic. To understand how loanDepot’s business has started the year, RMD sat down with Moriello to hear about what she’s seeing and what the company’s loan officers are telling her.

Business 423

Business Mortgage Advertising Clients 423

Housing Wire

APRIL 17, 2024

For Blue Sage, Aach said that the company’s loan officer portal will be a key element to help FCM reach its growth goals, since it provides specialized tools for LOs to do their jobs. “In FCM originated $2 billion in home loans last year through its wholesale and retail divisions, the company reported.

Business 445

Business Loan Officers Mortgage Lending 445

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Texas-based Colonial Savings, F.A.

Business 395

Business Mortgage Loan Officers Inventory 395

Housing Wire

FEBRUARY 12, 2024

The start to 2024 When asked about how business has progressed in the early days of the year, Robinson said that the company is focused on looking ahead at potential interest rate relief and any changes in Federal Reserve policy that may come. “I Wherever we can make a move, we’re going to.”

Business 435

Business Loan Officers Clients Mortgage 435

Housing Wire

AUGUST 16, 2024

Despite what seems like welcome news for loan originators, who have suffered through thinning margins for two years, refinance business has yet to go up much , LOs told HousingWire. “I On Friday, the average rate for a 30-year conforming loan was 6.65% at HousingWire ’s Mortgage Rates Center.

Business 438

Business Loan Officers Mortgage Buyers 438

Appraisal Buzz

JULY 31, 2024

Mortgage industry veteran Brad Cardwell has joined Down Payment Resource as vice president of sales and business development. Cardwell started his mortgage career as a loan officer and team leader at Embrace Home Loans, where he worked for 19 years, most recently as vice president of innovation for revenue and sales enablement.

Development 195

Development Business Loan Officers Technology 195

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. The change is a welcome one, since 2023 may have been Cullen’s “poorest year of 19 years in this business,” he explained. “I I will confess that it was a struggle all year long.”

Business 443

Business Mortgage Loan Officers Marketing 443

Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. He declined to comment further.

Loan Officers 446

Loan Officers Law Brokerage Business 446

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G.

Business 392

Business Loan Officers Real Estate Agent Real Estate 392

Housing Wire

APRIL 13, 2023

NMLS showed the bank has 63 registered loan officers. The bank, consisting of 25 branches in the Southeast and operations in the Midwest, serves mortgage, small business administration (SBA) and USDA customers. The bank’s production volume more than halved to $1.04 billion in 2022 from the previous year’s $2.37

Business 393

Business Mortgage Loan Officers Lending 393

Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. Loan officers can also put in lender-offered concessions that will change the pricing. ”

Tools 385

Tools Loan Officers Clients Technology 385

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. Mike is an experienced mortgage loan officer. How marketing automation saved Mike’s business. How marketing saved my business.

Business 457

Business Marketing Technology Tools 457

Housing Wire

OCTOBER 25, 2024

I was close to $7 million a month, and Ernie told me to get a business coach. That brought a lot of structure and focus in the broad business, life planning, family stuff and everything. You can do thousands of loan reviews every month, and a full analysis determines if there’s an opportunity to refinance. Why start Uplift?

Loan Officers 405

Loan Officers Business Technology Tools 405

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. About 16.8%

Retail 435

Retail Loan Officers Lending Business 435

Housing Wire

JANUARY 5, 2024

But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. The departing employees included a divisional manager, branch and regional managers, and loan officers.

Loan Officers 481

Loan Officers Retail Law Business 481

Housing Wire

NOVEMBER 2, 2023

residential mortgage industry” for its mortgage business outperforming in Q3 even as the industry experienced a nearly 20% decline in origination volumes. We don’t have a business of selling leads to real estate brokers and the like. ICE attributed “an analog to digital conversion occurring in the U.S.

Business 310

Business Mortgage Technology Real Estate Agent 310

Housing Wire

JANUARY 31, 2022

The nonbank mortgage lender is expanding its consumer direct lending business while some competitors are laying off employees with the expectation that the channel cools down with higher mortgage rates. PennyMac is growing fast with its consumer direct lending business. California-based PennyMac Financial Services will invest $3.9

Business 334

Business Lending Loan Officers Mortgage 334

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.

Loan Officers 468

Loan Officers Mortgage Finance Buyers 468

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.

Loan Officers 374

Loan Officers Clients Realtors Mortgage 374

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity.

Mortgage 335

Mortgage Loan Officers Lending Business 335