Housing Wire

APRIL 16, 2024

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. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%

Real Estate Agent 472

Real Estate Agent Loan Officers Real Estate Agents 472

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 457

Business Mortgage Loan Officers Inventory 457

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

SEPTEMBER 17, 2020

1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013. .

Loan Officers 476

Loan Officers Clients Business Marketing 476

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In According to Banosian, mortgage companies should be looking at three different client classes: your employees, your partners (“everybody that feeds your company”) and the actual end user.

Loan Officers 396

Loan Officers Clients Mortgage Marketing 396

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We Scalone recently wrote a policy for clients buying a home in Claremont, the Serra Mesa area of San Diego, which he described as a “pretty urban environment.” “A

Insurance 367

Insurance Housing Market Marketing Supply Chain 367

Housing Wire

AUGUST 2, 2024

In subsequent years, the reverse division grew bigger and bigger until it actually eclipsed the forward mortgage division, maybe not in volume, but definitely in profitability,” Walker told RMD. “In Our goal is to specialize in helping our partners support their older clients with hands-on support and diversified products.

Lending 408

Lending Design Tools Loan Officers 408

Housing Wire

MARCH 15, 2024

The good news is that we finally signed a definitive agreement in January of this year to buy 100% of the estate’s shares,” Peskin said. He wants the industry to know that the company will be looking to go where older clients feel they need to, which includes a broader product mix than strictly reverse mortgages.

Loan Officers 419

Loan Officers Business Mortgage Clients 419

Housing Wire

APRIL 18, 2024

But by definition, a task force comes together for a specific goal, and then could lay low for a while until needed again. But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” That’s what we want to continue to do.”

Loan Officers 424

Loan Officers Tools Mortgage Government 424

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 368

Real Estate Real Estate Agent Clients Agents 368

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market. purchase applications.

Mortgage 418

Mortgage Loan Officers Retail Marketing 418

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Design your ideal client, the type of borrower you’d love to work with, and go from there. “If

Loan Officers 326

Loan Officers Business Mortgage Clients 326

Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. By both companies’ admission, a major key to Success’s success will be hiring loan officers. Unclear is what pressure eXp’s agents may feel to direct their clients to Success.

Mortgage 432

Mortgage Lending Brokerage Agents 432

Housing Wire

MAY 29, 2024

Racamato is now orienting his team to look closely at clients’ bank statements to find multiple — and often interest-free — installments of a few hundred or thousand dollars paid to the same company on a biweekly or monthly basis. He wants to know whether the potential borrower has acquired a buy now, pay later (BNPL) loan.

Mortgage 439

Mortgage Clients Sellers Loan Officers 439

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. 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.

Mortgage 468

Mortgage Buyers Loan Officers Marketing 468

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. The last two years have been good to Christian Dicker.

Housing Market 463

Housing Market Marketing Brokerage Real Estate 463

Housing Wire

MARCH 31, 2022

That’s because non-QM rates are generally 2 to 3 points higher than QM loans, and candidates for non-QM refinances probably aren’t being bombarded with refinance offers every time rates drop a quarter of a point. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers.

Marketing 387

Marketing Investors Technology Loan Officers 387

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 386

Training Loan Officers Lending Mortgage 386

Housing Wire

FEBRUARY 24, 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 in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 320

Real Estate Agent Real Estate Agents Loan Officers 320

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. Readers are more likely to remember stories that evoke emotions.

Real Estate 416

Real Estate Agents Real Estate Agent Decorating 416

Housing Wire

APRIL 17, 2023

Selecting vendor partners that care about our clients and help us solve problems. Today, we can’t justify the expense to implement that technology , but in the future, if we see enough demand, we’d definitely consider it. Treating our people right. What do we do that other servicers don’t?

Loan Officers 361

Loan Officers Investors Valuation Real Estate 361

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

Housing Market 471

Housing Market Marketing Insurance Mortgage 471

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 Financial advisors?

Business 428

Business Loan Officers Clients Inventory 428

Housing Wire

JULY 13, 2021

Guaranteed Rate, the Chicago-based mortgage lender , and Compass, the New York City-headquartered residential real estate brokerage , “entered into a definitive agreement to form OriginPoint , a new mortgage origination company,” according to a press release Tuesday. Another Guaranteed Rate joint venture partner was more combative.

Brokerage 305

Brokerage Real Estate Clients Agents 305

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

OCTOBER 4, 2024

Starting a career as a MLO can be lucrative if you’ve got the skills to consistently deliver value to your clients. 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.

Real Estate 418

Real Estate Loan Officers Tools Law 418

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

FEBRUARY 10, 2023

But of course, we have a lot of clients that move out of condos once they have kids and get married. Those guys will end up refinancing at some point in 2023, and we’re all over that, keeping an eye on those people, making sure that we’re finding that perfectly to them — and making sure we can save our clients money.

Marketing 368

Marketing Inventory Loan Officers Buyers 368

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. While Nourmand said most of his clients have been local Californians, he has worked with a few Floridians and New Yorkers. “We Rapid City, South Dakota. Rapid City, South Dakota.

Housing Market 356

Housing Market Marketing Real Estate Real Estate Agent 356

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgage 397

Mortgage Investors Clients Marketing 397

Housing Wire

AUGUST 8, 2023

In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. The shrinking jumbo market also reflects the broader market forces related to this product — banks have historically used jumbo loans as a means to attract high-income clients who have millions in deposits.

Insurance 355

Insurance Mortgage Lending Clients 355

Housing Wire

JANUARY 31, 2023

I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. When loan officers don’t have refinance business, half of their businesses are gone. You now have as many loan officers as you had before fighting for 30% of the overall business. Kim : Where do you get your leads from?

Inventory 388

Inventory Marketing Business Buyers 388

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. In a rising rate environment, ARM products are definitely more popular for clients than fixed-rate products because they’re going to take the lowest rate they can, typically an ARM. Bank originated $2.7 billion from January to March, down 34.6%

Marketing 348

Marketing Retail Mortgage Investors 348

Housing Wire

SEPTEMBER 16, 2020

There are definitely capacity issues across the board and people are taking 60-days-plus to do refinances, and we’re doing them in 15. MI: If it takes 60 days to close, they’re going to end up losing clients…Having certainty, having ability to close your loans, that’s why we’re so large.

Mortgage 488

Mortgage Marketing Technology Loan Officers 488

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. Some managers grant loan officers certain allowances to reduce rates , thereby eliminating the need to ask for permission for a discount, multiple sources said.

Loan Officers 440

Loan Officers Mortgage Lending Real Estate Agent 440