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. As a result, many condo deals don’t close due to a lack of understanding on the agent’s part.

Finance 360

Finance Agents Mortgage Loan Officers 360

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The client had just started a new job, and that can be tricky. Loan officers said that the FHA’s waiver will give borrowers a fairer shot at obtaining financing.

Loan Officers 373

Loan Officers Mortgage Finance Clients 373

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. Is an 8% mortgage rate going to slow down business for all loan officers?

Loan Officers 468

Loan Officers Mortgage Finance Buyers 468

Housing Wire

DECEMBER 9, 2020

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. “They are nearly impossible to finance, thus not worth my team’s time currently. But with origination volume expected to exceed $3.4

Loan Officers 516

Loan Officers Mortgage Finance Business 516

Housing Wire

JANUARY 7, 2025

Good loan officers are what will help our business grow in a big way, and we try to support our loan officers in a way that they can generate their own business and not become reliant on leads. said that connecting with borrowers in a substantive way begins with the salesperson they first come into contact with.

Clients 289

Clients Mortgage Loan Officers Real Estate Agent 289

Housing Wire

APRIL 19, 2023

The inquiry to credit by a mortgage company is a trigger that notifies the credit bureau that the consumer is interested in applying for financing. Loan officers took to social media to support the “long overdue” legislative proposal. “I Trigger lead takes place when a consumer applies for a mortgage.

Loan Officers 464

Loan Officers Clients Mortgage Business 464

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Quo’s team, led by co-founders Tucker Hass and Neel Yerneni, will join Homebot. Quo raised $7.2

Finance 317

Finance Real Estate Agent Loan Officers Legal 317

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent. From a lending perspective they are the easiest loan to work with,” Naumovych explained.

Clients 402

Clients Agents Buyers Sellers 402

Housing Wire

JANUARY 4, 2023

More than 160 employees from the now-shuttered Finance of America Mortgage have landed at Go Mortgage , a Columbus, Ohio-based lender. When Finance of America announced their closure, we started searching around,” Reich said. ” .

Retail 475

Retail Mortgage Construction Loan Officers 475

Housing Wire

JUNE 20, 2024

The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling.

Lending 413

Lending Loan Officers Real Estate Agent Real Estate 413

Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

Loan Officers 435

Loan Officers Clients Design Insurance 435

Housing Wire

APRIL 30, 2024

We’ve also implemented project management technologies and streamlined processes to improve workflow and turnaround times for loan officer requests, effectively halving the time it takes to fulfill them. HousingWire: The Money Store prides itself on providing easy, efficient, and affordable home financing.

Loan Officers 445

Loan Officers Technology Modernization Project Management 445

Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. And the company has been hiring loan officers at a good clip over the last year, according to NMLS data. That’s an annualized $3.2

Business 437

Business Mortgage Loan Officers Agents 437

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

Sellers 433

Sellers Real Estate Agent Loan Officers Mortgage 433

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.

Loan Officers 468

Loan Officers Retail Business Mortgage 468

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 432

Real Estate Agent Loan Officers Real Estate Agents 432

Housing Wire

APRIL 15, 2024

It wouldn’t take long for that to change, however, and Schmidt now serves as the vice president of partner engagement at Finance of America Reverse (FAR), the reverse mortgage industry market leader in the U.S. I started as a loan officer when Finance of America was Urban Financial Group , so well before they started to grow.

Mortgage 418

Mortgage Loan Officers Business Finance 418

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. “The Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 382

Loan Officers Retail Lending Mortgage 382

Housing Wire

FEBRUARY 28, 2024

Newrez loan officers, in return, will benefit from predictive analytics that allow them to better manage customers along their home purchase journey, the lender said. billion in 2023, per data from Inside Mortgage Finance. Newrez/Caliber ranked as the seventh largest lender in the country with an origination volume of $36.5

Real Estate Agent 408

Real Estate Agent Real Estate Loan Officers Agents 408

Housing Wire

FEBRUARY 7, 2023

Legacy Mortgage recently celebrated its 20-year anniversary of providing home financing and our team has always admired the company’s commitment to its employees and customers… Our combined strengths will drive further growth throughout the Southwest.” Terms of that deal were also not disclosed.

Retail 397

Retail Mortgage Loan Officers Technology 397

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients.

Mortgage 384

Mortgage Loan Officers Retail Finance 384

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. An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing.

Buyers 412

Buyers Agents Real Estate Agent Loan Officers 412

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. ” For refi clients, he’s preaching patience. Patel is in conversation with existing clients who can save between 50 to 75 basis points.

Mortgage 513

Mortgage Clients Loan Officers Lending 513

Housing Wire

FEBRUARY 12, 2024

If you’re already a client at New American Funding, why not continue and let us help you implement what your retirement goals could be?” One such move is in collaboration with NAF’s forward mortgage division and educating more of these loan officers about reverse products.

Business 435

Business Loan Officers Clients Mortgage 435

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 341

Loan Officers Mortgage Technology Tools 341

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. About 50% of our clients are utilizing this program to achieve more affordable payments,” Bianchi said. So what is a 2/1 rate buydown? Read Nunes’ reporting here.

Loan Officers 468

Loan Officers Sellers Clients 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’s comments offer insight into the scope of Rocket’s remote local loan officer program. Rocket didn’t respond to requests for comment.

Loan Officers 336

Loan Officers Mortgage Real Estate Agent Real Estate 336

Housing Wire

JULY 4, 2024

This article explores these issues and underscores the role of real estate and mortgage professionals in guiding clients through these turbulent times. Our duty is to enable and inform clients, helping them navigate the complexities of the current market. Change is constant, and as professionals, we must adapt.

Real Estate 438

Real Estate Clients Finance Housing Market 438

Housing Wire

MARCH 20, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers, compared to more than 4,000 at CCM. The recent team of hires reflects a variety of roles and meets the needs of our clients,” Boyd said. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgage 401

Mortgage Loan Officers Inventory Finance 401

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 333

Loan Officers Marketing Retail Renovations 333

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 380

Loan Officers Tools Business Clients 380

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 398

Buyers Agents Loan Officers Real Estate 398

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

Appraisal Buzz

JUNE 20, 2024

Reber’s Jacksonville team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters, and Loan Officer Assistants Nicole Crabtree and Priscilla DeMasi. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams.

Lending 394

Lending Loan Officers Retail Finance 394

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 508

Marketing Sellers Finance Loan Officers 508

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 437

Business Mortgage Loan Officers Inventory 437

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. According to data from Inside Mortgage Finance , the lender originated $19 billion of loans in the first six months of this year, with $8.3

Mortgage 514

Mortgage Loan Officers Clients Investing 514