Housing Wire

FEBRUARY 16, 2024

Braheem, former co-founder of Loan Toolbox — an online resource for training, tools, support and coaching — launched The Loan Atlas, a mortgage coaching platform, earlier this year with mortgage executives and top loan officers joining as faculty members.

Mortgage 435

Mortgage Marketing Loan Officers Training 435

Housing Wire

SEPTEMBER 11, 2023

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Polly’s “client-centricity” attracted him to the business, he noted. before it was acquired by ICE in 2020.

Technology 448

Technology Mortgage Loan Officers Clients 448

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 448

Loan Officers Clients Mortgage Construction 448

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS.

Tenants 397

Tenants Loan Officers Finance Clients 397

Housing Wire

JANUARY 30, 2024

billion in the next five years for lending and investments to low- and moderate-income (LMI) clients and census tracts, with 30% of the total tied to mortgage lending. Regarding the plan governance, the bank will maintain the advisory board created under the 2018 plan, and NCRC will appoint half the members.

Investing 434

Investing Mortgage Lending Loan Officers 434

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. trillion or $1.7

Loan Officers 418

Loan Officers Investors Mortgage Clients 418

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. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. But not every LO will find a new workplace.

Mortgage 418

Mortgage Loan Officers Retail Finance 418

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

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

JANUARY 12, 2021

Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker , a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason. I felt like I probably did everything I needed to do with Fannie Mae.”.

Tools 465

Tools Loan Officers Lending Design 465

Housing Wire

SEPTEMBER 20, 2024

“One reason we’ve been effective in lobbying for this is that we bring the unique perspective of the originator,” said Brendan McKay, chief advocacy officer for BAC and the owner of McKay Mortgage. Katie [Sweeney] is a consumer and we’re bringing that perspective, and I think that is helpful as well.”

Law 459

Law Loan Officers Design Mortgage 459

Housing Wire

SEPTEMBER 6, 2024

Much will hinge on what the Fed decides in a couple of weeks,” the loan officer said. Government rates (FHA, VA, USDA) are hovering around 6.25% with little to no discount points, and down to 5.75% with a slight cost to the borrower,” Patel said. “Since the 10-year U.S They moved up to 101.23

Mortgage 476

Mortgage Loan Officers Tools Government 476

Housing Wire

APRIL 18, 2024

Giordano cited a survey demonstrating how certified financial planners (CFPs) had some positive attitudes about reverse mortgages as a planning tool, as well as the creation of model guidance language for broker-dealers and investment advisory firms to use in governing a planner’s interactions with reverse mortgage products.

Loan Officers 459

Loan Officers Tools Mortgage Government 459

Housing Wire

FEBRUARY 9, 2023

The merger will result in an “increased lending footprint” to better serve clients, Paul Kessel, president of American Portfolio, said in a statement. Lisa Thomas, chief executive officer of Town Square, added that the deal also brings “a portfolio of expanded loan products backed by a lending platform with state-of-the-art technology.”

Mortgage 370

Mortgage Retail Loan Officers Lending 370

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. billion of unutilized loan funding capacity as of Dec. The closer, the better. in consumer direct and 2.3%

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. UWM also is pressuring competitors via prices.

Mortgage 370

Mortgage Real Estate Agent Real Estate Clients 370

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

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans. trillion in 2022.

Lending 434

Lending Loan Officers Real Estate Mortgage 434

Housing Wire

OCTOBER 10, 2024

Two weeks after Helene hit, Movement Mortgage loan officer Mitch Davidson still has no power or running water at his Asheville home — and he says it could be months before they return. “Whether you’re a loan officer like me, or a Realtor, we’re all pretty worried about income,” he said.

Agents 434

Agents Insurance Housing Market New Listings 434

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 468

Mortgage Clients Sellers Loan Officers 468

Housing Wire

JULY 15, 2024

But looking deeper than the core numbers is essential, especially when considering the shifting realities and governing rules for an industry as intertwined between public and private interests as the reverse mortgage industry is. Data is a relevant and valuable tool for assessing where a business or an industry is at any given time.

Mortgage 433

Mortgage Retail Loan Officers Finance 433

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 476

Housing Market Marketing Insurance Mortgage 476

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. They are specialists when it comes to buying and servicing government loans. Their overarching goal is to help grow happiness — for customers, for clients and for their staff.

Lending 459

Lending Loan Officers Business Investors 459

Housing Wire

NOVEMBER 10, 2020

At that point, Dodson was actively working on a jumbo loan for friends of his from church. “I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. And non-QM loans in my experience are harder.”.

Business 459

Business Mortgage Investors Loan Officers 459

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. The company has licenses in 49 states, 387 branches and 491 active loan officers.

Mortgage 370

Mortgage Loan Officers Lending Business 370

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

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. These clients are typically low on funds, which is why they need this type of financing. Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It

Agents 482

Agents Sellers Buyers Finance 482

Housing Wire

MARCH 31, 2022

Overall, I think the consensus we’re hearing from clients is that the overall non-QM market is going to continue to grow in 2022. BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products.

Marketing 418

Marketing Investors Technology Loan Officers 418

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors. By the same measure, Guild had just 1.1% We had about 400 sellers on our own.

Mortgage 448

Mortgage Retail Lending Sellers 448

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 448

Real Estate Loan Officers Tools Lending 448

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 397

Real Estate Brokerage Real Estate Agent Technology 397

Housing Wire

JULY 3, 2024

The machine learning model can be supervised, the data used for training can be governed, and results can be tested and even explainable given the appropriate design. The accuracy just isn’t there yet to fulfill the trust and confidence needed to make the loan process safe and consistent for the consumer without a human in the loop.

Training 435

Training Tools Lending Valuation 435

Appraisal Buzz

SEPTEMBER 25, 2024

TD Bank provides more than nine million clients with a full range of retail, small-business, and commercial banking products. In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development. Finding a loan officer is not a daunting task.

Loan Officers 243

Loan Officers Retail Buyers Lending 243

Housing Wire

FEBRUARY 8, 2022

Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.

Marketing 370

Marketing Retail Lending Loan Officers 370

Housing Wire

OCTOBER 23, 2023

” Martell’s first big move as CEO was to announce the Vision 2025 plan in July 2022, which included simplifying the organizational structure, focusing on client service, quality, automation and operating leverage. Our percentage of government conforming has increased, which is good. We’re stable. Do people get offers?

Technology 448

Technology Loan Officers Retail Marketing 448