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 445

Development Lending Business Loan Officers 445

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 459

Business Mortgage Loan Officers Inventory 459

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 418

Loan Officers Mortgage Finance Clients 418

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 468

Business Loan Officers Law Mortgage 468

Housing Wire

DECEMBER 12, 2024

Bell was in tech in the late 1990s, then got into the mortgage business in 2022, doing everything from production to owning a mortgage company. This interview has been edited for length and clarify. Sarah Wheeler: How does being an originator inform how you think about technology?

Loan Officers 368

Loan Officers Technology Agents Real Estate Agent 368

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 468

Business Mortgage Loan Officers Investing 468

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 459

Business Mortgage Loan Officers Training 459

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 435

Business Mortgage Advertising Clients 435

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 448

Business Loan Officers Mortgage Lending 448

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 459

Business Mortgage Loan Officers Marketing 459

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 468

Business Mortgage Loan Officers Clients 468

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 466

Business Loan Officers Mortgage Buyers 466

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 448

Loan Officers Law Brokerage Business 448

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 482

Loan Officers Retail Law Business 482

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

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 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in.

Buyers 482

Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. TikTok is probably 40% to 45% of my business.”

Loan Officers 458

Loan Officers Tools Business Clients 458

Housing Wire

JUNE 6, 2024

As these professionals come aboard, RMD asked Ogata and the company’s chief marketing officer, Andrew Pohlmann, about what they’re focused on for the rest of the year to keep the momentum of reverse mortgage business going through the end of 2024. This, in turn, drives business on both the forward and the reverse sides,” Ogata said.

Loan Officers 455

Loan Officers Mortgage Business Lending 455

Housing Wire

APRIL 19, 2023

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. However, none of the three credit bureaus responded.

Loan Officers 468

Loan Officers Clients Mortgage Business 468

Housing Wire

MAY 2, 2024

one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loan officers to ML Mortgage. Department of Agriculture (USDA) loans, as well as down payment assistance programs. Mountain West offers Federal Housing Administration (FHA), U.S.

Retail 448

Retail Loan Officers Mortgage Lending 448

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 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. Shamrock ‘s chief growth officer Kurt Noyce and president Rod Correia will lead the team of sales and support professionals, which will remain in their current locations.

Loan Officers 447

Loan Officers Retail Lending Renovations 447

Housing Wire

OCTOBER 13, 2023

According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. Representatives at Fairway did not respond to multiple requests for comment.

Loan Officers 493

Loan Officers Mortgage Finance Business 493

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 435

Tools Loan Officers Clients Technology 435

Housing Wire

APRIL 23, 2024

Guaranteed Rate is ready to help high performance producers take their business to the next level. In his new role, Hutchens will oversee a top-ranked book of business in North Carolina. Additionally, he will provide management and mentorship to other loan officers at Guaranteed Rate.

Loan Officers 448

Loan Officers Real Estate Business Brokerage 448

Housing Wire

MAY 24, 2024

Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. Bank is a consumer and business banking company owned by US Bancorp.

Retail 451

Retail Lending Loan Officers Finance 451

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. Lenders are promoting more buydowns as the need for purchase business becomes increasingly critical. And to close deals, sellers are increasingly coming to the table with concessions and rate buydowns. .

Sellers 529

Sellers Mortgage Loan Officers Buyers 529

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 443

Loan Officers Business Technology Tools 443

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

Loan Officers 448

Loan Officers Mortgage Retail Lending 448

Housing Wire

FEBRUARY 1, 2024

Top 10 mortgage lender and servicer NewRez is restructuring its distributed retail mortgage business, which has resulted in cuts to regional and divisional managers. The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders.

Retail 459

Retail Loan Officers Business Real Estate 459

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. million in unpaid compensation.

Loan Officers 440

Loan Officers Legal Retail Finance 440

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.

Loan Officers 458

Loan Officers Technology Tools Investors 458

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

MAY 24, 2024

This week, RMD spoke with Ogata and Guaranteed Rate chief marketing officer Andrew Pohlmann to get an update on how business is going, what the goals of the division are and whether it has any other ambitions. For some forward loan officers, this is a brand-new opportunity,” Pohlmann said.

Loan Officers 438

Loan Officers Mortgage Business Marketing 438

Housing Wire

MAY 8, 2024

The layoffs include mortgage professionals such as processors, underwriters and loan officers. From January to March, the lender produced $10 billion in loans, up 13.5% Top executives at Rithm said they continue to evaluate taking their mortgage business public. quarter over quarter and 44.9% above year-ago levels.

Loan Officers 448

Loan Officers Retail Legal Mortgage 448