Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Loan Officers Retail Business Mortgage 468

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client.

Finance 448

Finance Agents Mortgage Loan Officers 448

Housing Wire

NOVEMBER 23, 2022

With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3 The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As ” Trudy Kelly, senior loan officer at Churchill Mortgage.

Buyers 493

Buyers Marketing Sellers Loan Officers 493

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. ban of the short-form video app.

Loan Officers 459

Loan Officers Tools Business Clients 459

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Housing Wire

SEPTEMBER 27, 2023

Maxwell acquired LenderSelect Mortgage Group from Blue Ridge Bank in May to expand its secondary market trading platform, bringing hundreds of new clients to the company’s other solutions. Meanwhile, Colorado-headquartered Maxwell claims it has facilitated over $275 billion in loan volume to date and serves more than 300 lenders nationwide.

Lending 468

Lending Technology Loan Officers Clients 468

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said. I changed team leads four times,” said a former junior underwriter who worked remotely.

Mortgage 514

Mortgage Loan Officers Clients Investing 514

Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. You land the client and get a commission, or you don’t and you get bupkis. “I But it’s bad for everyone else, agents and loan officers included. One home recently had over 60 offers!

Marketing 397

Marketing Loan Officers Inventory Real Estate Agent 397

Housing Wire

OCTOBER 21, 2024

RB: One of my most successful loan officers opened checking accounts at three different regional banks just to get in front of their loan officers. The bank loan officers were thrilled to refer clients they couldn’t help, knowing that our loan officer wasn’t going to compete for the banking relationship.

Lending 435

Lending Loan Officers Tools Mortgage 435

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers.

Retail 448

Retail Contracts Loan Officers Mortgage 448

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

SEPTEMBER 2, 2021

Without loan officer adoption, that spend becomes frivolous, making a lender’s decisions on which technologies to include in the tech stack extremely important. While new technologies have a reputation for breaking the bank, the average lender only budgets less than 10% of their overall operations costs for technology.

Technology 459

Technology Loan Officers Mortgage Investing 459

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 535

Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

DECEMBER 21, 2022

Finally, CrossCountry is likely to be found liable for aiding and abetting the Individual Defendants’ contractual and fiduciary violations, as well as being responsible for tortious interference with contract.”. In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches.

Legal 435

Legal Loan Officers Contracts Business 435

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green.

Housing Market 529

Housing Market Marketing Real Estate Agent Real Estate 529

Housing Wire

JUNE 30, 2021

The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor. And while the home buying process can be stressful and time-consuming for the borrower and the loan officer, PCV Murcor prides itself on always keeping the borrower in mind.

Clients 397

Clients Valuation Real Estate Appraisal 397

Housing Wire

JUNE 29, 2023

It also accuses Movement of inducing these employees to breach contracts by soliciting others to leave loanDepot. A Movement representative did not return a request for comments. ” loanDepot has ongoing arbitrations with certain of the former employees.

Retail 448

Retail Contracts Legal Business 448

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

APRIL 21, 2022

Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.

Mortgage 397

Mortgage Contracts Technology Lending 397

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” These are the folks who are buying right now, and I you know because some of them are my clients.”

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

Mortgage 397

Mortgage Loan Officers Government Buyers 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

DECEMBER 20, 2022

I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. CK: Has there been layoffs at Loan Factory as well? Nguyen: I would say more than 100 layoffs at Loan Factory, and many of them also left voluntarily. We also help realtors follow up with their clients.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

AUGUST 4, 2023

Real estate professionals who listen carefully better understand their clients’ wants and needs. They won’t waste time on mismatched properties or investments beyond a client’s reach. This does not mean you should allow clients to walk all over you. Decipher property valuation software for clients?

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Real Estate Agent Real Estate Agents Clients 370

Housing Wire

FEBRUARY 4, 2022

As independent brokers we need to be able to shop for the best terms and best programs for our clients, the American people.” “What we found was a couple had like two loans or four loans,” he said. “This company had hundreds of loans. This is why we are brokers — to have the right of choice.

Legal 370

Legal Contracts Business Mortgage 370

Appraisal Buzz

JUNE 7, 2021

Depending on the client’s needs, my work includes coaching, customized training, quality assurance, continuing education, disciplinary action assistance, internal audit, and other customized projects. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

Training 366

Training Reconsideration of Value Valuation Appraisal 366

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. So, the client is benefiting directly and, you know, we’re addressing really what’s the No.

Mortgage 476

Mortgage Buyers Loan Officers Sellers 476

Appraisal Buzz

JULY 5, 2024

Alex Rayner, a top-producing loan officer, has announced a strategic partnership with Service First Mortgage to create Haymaker Home Loans , a next-generation mortgage company focused on top producers’ success. Their execution ensures that we can provide consistent, high-quality service to our clients.”

Loan Officers 150

Loan Officers Mortgage Technology Clients 150

Housing Wire

NOVEMBER 17, 2022

Contract or ‘gig’ workers, entrepreneurs and business owners need non-QM mortgages because they may be unable to produce the W-2 tax form used to verify qualifying income for a traditional loan. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

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Lending Investors Real Estate Agent Loan Officers 370

Housing Wire

MAY 12, 2022

Inventory is contracting. Scale for scalability’s sake doesn’t mean anything if a company has to contract at the first sign of market stress. That means enough loan officers on staff to engage proactively with clients, to educate them and to build the trust that can only be achieved between two humans.

Lending 370

Lending Marketing Technology Contracts 370

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 368

Housing Market Marketing Reconsideration of Value Appraisal 368

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He has been focused on getting referrals from prior clients and online.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. But servicing performance has been exceptional.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Housing Wire

JUNE 15, 2022

The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. Cohn said she has three or four loans with clients who haven’t locked rates yet. “I More affluent clients can benefit from the current scenario, he said.

Mortgage 397

Mortgage Investors Clients Marketing 397

Housing Wire

FEBRUARY 3, 2022

Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire.

Mortgage 397

Mortgage Retail Finance Investors 397

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Fully Executed and Signed Sales Contract Why It Matters: A signed sales contract provides essential details about the agreed-upon price, terms of sale, and any concessions.

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Appraisal Easement Real Estate Agent Valuation 76