Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 418

Inventory Marketing Business Buyers 418

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. Through this strategic investment, clients of FinLocker will have the benefit of Radian’s integrated Homogeneous’ suite of technology around real estate search. Terms of the deal were not disclosed.

Investing 468

Investing Loan Officers Technology Inventory 468

Housing Wire

MAY 6, 2024

In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients. AnnieMac has become innovative and creative in their solutions for the industry-wide conundrums of inventory shortages, affordability, and margin compression,” Aubourg said in a statement. “We

Mortgage 440

Mortgage Loan Officers Retail Clients 440

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The problem, of course, is inventory. National inventory of active listings declined by 18.9% The inventory of active listings was down 62.3% In large metros, median listing prices grew by 9.1%

Supply Chain 518

Supply Chain Mortgage Inventory Loan Officers 518

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.

Clients 418

Clients Agents Buyers Sellers 418

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 448

Lending Loan Officers Real Estate Agent Real Estate 448

Housing Wire

MARCH 5, 2025

I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.

Loan Officers 435

Loan Officers Clients Business Technology 435

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. There’s still plenty of money and demand emanating from New York City and Philadelphia and very little inventory. I mean very little inventory. In May 2020, it was $425,000.

Marketing 397

Marketing Loan Officers Inventory Real Estate Agent 397

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

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. Doesn’t help the inventory issue, but lower rates for borrowers is always good.” ” For refi clients, he’s preaching patience.

Mortgage 514

Mortgage Clients Loan Officers Lending 514

Housing Wire

DECEMBER 3, 2021

Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion. As the loan officer, the more information I can share with my borrower and referral partners the more valuable I become to the transaction and future referrals.

Inventory 397

Inventory Loan Officers Clients Mortgage 397

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. We also have another 15 LOAs, processors, etc., on the team.

Mortgage 459

Mortgage Loan Officers Inventory Finance 459

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 11, 2023

Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers. Target buyers for Cliffco include non-traditional buyers seeking investor loans. 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

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

JULY 18, 2023

Since signing on to The Agency in mid-July, she has already brought $5 million in existing home inventory online and $8 million in builder listings to the firm. He has a background in managing sales operations and brokering transactions between clients in the U.S. Rizo is coming to The Agency from Douglas Elliman. and Mexico.

Agents 370

Agents Loan Officers Brokerage Clients 370

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

APRIL 20, 2021

More recently, the buzz surrounds bidding wars due to extremely low inventory, purchase over refinance and the fluctuation of mortgage rates. The more you leverage your own data the better off your agents or loan officers will be because they’ll be able to identify, target and create better customer experiences.

Real Estate 435

Real Estate Mortgage Loan Officers Advertising 435

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 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. According to the NAR, there were 1.28 research and consulting at TransUnion.

Mortgage 448

Mortgage Loan Officers Buyers Inventory 448

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Half the clients go to the traditional banks where we can show tax returns. Cohen funded $751.4

Marketing 397

Marketing Mortgage Inventory Loan Officers 397

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

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. “Our

Lending 394

Lending Loan Officers Retail Finance 394

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 448

Housing Market Marketing Loan Officers Mortgage 448

Housing Wire

JULY 16, 2021

By both companies’ admission, a major key to Success’s success will be hiring loan officers. Many LOs still have a relatively full pipeline thanks to lower-than-expected mortgage rates and slowly climbing housing inventory – it will be a challenge convincing them to leave their current shops.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

SEPTEMBER 19, 2022

For the past two years, the refinance business has been booming, but a purchase market signals a shift not only for loan officers but also real estate agents. What conditions will your clients be buying and selling in? 3 Can't-miss HW Annual panels for new mortgage loan officers. Housing market super session.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Loan Officers 370

Housing Wire

JUNE 4, 2021

With intense demand for homes on the higher end of the pricing spectrum, new updates to the QM rule that went into effect on March 1 and growing investor interest in jumbo mortgages – this is the perfect time for the broker community to support their clients with speed and ease. Presented by: Rocket Pro TPO. year over year, to $465,000.

Marketing 508

Marketing Sellers Finance Loan Officers 508

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 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. “At Bluffton, South Carolina.

Housing Market 435

Housing Market Marketing Real Estate Agent Real Estate 435

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 435

Business Loan Officers Clients Inventory 435

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

APRIL 16, 2024

To get a better idea of the dynamics driving this data, RMD spoke with Jon McCue, RMI’s director of client relations, for additional perspective and a breakdown of why business moved this way. It’s because of the hard work of all the professionals in this space working very hard to help their clients.”

Retail 441

Retail Mortgage Business Loan Officers 441

Housing Wire

FEBRUARY 10, 2023

Combine that with the lack of inventory in New Jersey and bidding wars are back, Kechian said in an interview with HousingWire. But of course, we have a lot of clients that move out of condos once they have kids and get married. While there’s still a lack of inventory, we’re seeing more deals happening.

Marketing 370

Marketing Inventory Loan Officers Buyers 370

Housing Wire

AUGUST 23, 2023

Rates at the 7% or 8% level could spur a reduction in home prices, but current inventory issues have limited this impact. Inventory remains thin. Altos Research shows that single-family inventory rose to 496,541 on August 18 from 492,140 on August 11. Inventory this past week last year was above 550,000 homes.

Mortgage 370

Mortgage Loan Officers Inventory Housing Market 370

Housing Wire

NOVEMBER 20, 2024

Both borrowers and loan officers face a changed—and changing—landscape. The state of the market Even with some rate relief anticipated over the next year, the combination of limited inventory and the lock-in effect means there won’t be a lot of movement. However, success remains within reach for those committed to adapting.

Marketing 370

Marketing Loan Officers Realtors Business 370

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. 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. Tozer suggested “a fee of 1.3%

Mortgage 397

Mortgage Loan Officers Government Buyers 397