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Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. At Movement, Rawls started as a loanofficer before taking over as producing bank manager.
Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loanofficers in North Carolina. After Mike paid his loanofficer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.
The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. ” Lindsay also expressed excitement over the opportunity to help clients in Washington. Most recently, Lindsay served as a mortgage loanofficer at U.S.
It’s a tough time to be a loanofficer. Amid all the chaos, loanofficers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loanofficers may be pressed to get creative when it comes to generating new business. There are thousands of loanofficers out there.
New American Funding (NAF) has snagged top Chicago loanofficer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.
For loan originators , managing the narrative is crucial. The messages you convey to clients, referral partners, and even yourself can significantly impact your success. Use this information to educate your clients and referral partners. An informed client is a confident client.
At their best, LoanOfficers (LOs) should act as financial guides to their customers, helping them see and help surface opportunities that they did not know existed. Building Client Trust This one is just an unqualified win. Just as preventive healthcare is the best healthcare, so is preventive financial care the best.
Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. Revolution, on the other hand, has been expanding its footprint by scooping up top loanofficers in local markets.
In a new episode of “The LoanOfficer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Before, I wasn’t making friends with clients.
Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. A big reason for that is loanofficers don’t always ask the right questions to understand the borrower’s real needs.”
Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.
While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. Sales automation solutions like ICE Velocify help them connect with borrowers faster and stay one step ahead of the competition.
Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. Tammy is stepping in with Kind Lending to handle some of their strategic initiatives and she is partnering with them to help grow their vision.
Maxwell , a Wells Fargo -backed mortgage fintech, announced Wednesday that it has struck a deal to acquire the digital lending platform Revvin ( formerly known as MortgageHippo ) to enhance its point-of-sale technology. The financial terms of the transaction have not been disclosed.
HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.
Planet Home Lending Area Sales Manager Tom Reber National mortgage lender and servicer Planet Home Lending has hired Tom Reber as Area Sales Manager in Jacksonville, Florida. Reber’s Jacksonville team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters, and LoanOfficer Assistants Nicole Crabtree and Priscilla DeMasi.
Rocket and Redfins approaches to lending and brokerage service have always been two halves of one vision to make the whole home-buying process magical, said Kelman. Rocket will match homebuyers with the best real estate agents and the best loanofficers across the combined companies.
Dark Matter Technologies makes it a priority to stay ahead of these trends, ensuring our clients have the right tools to scale efficiently when market conditions change. Over time, many organizations have accumulated toolsoften to accommodate branch acquisitions or high-performing loanofficers but arent fully utilizing them.
As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Added Value to Clients. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.
Panasis will also lead the branchs growth initiatives, including immediately recruiting loanofficers and developing relationships with real estate brokerages, homebuilders and financial advisors. Panasis previously served as a loan originator for The Mortgage Firm and TD Bank.
California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. 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.
HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loanofficers might be hesitant about working with non-QM.
Changing the conversation An improvement in this dynamic was also noted by Peter Sciandra , executive vice president of reverse lending secondary marketing at Fairway Independent Mortgage Corp. At these sales rallies, which often gather 100 or more loanofficers in a room, we have the opportunity to sit down together, she said.
Nationwide direct mortgage lender US Mortgage Corporation announced the appointment of Alana Dorbandt as its new vice president and division lending manager. In the new role, Dorbandt will lead the company’s expansion into the Southwest Region.
Jay Crowell has been promoted to the newly created position of president of national retail division at Cornerstone Home Lending. Crowell joined Cornerstone Home Lending in 2009 and most recently served as president of the Pacific Northwest region. million in loan volume per loanofficer, according to data from Modex.
Blue Sage: Digital Lending Platform Our Digital Lending Platform is a multi-channel, end-to-end digital mortgage solution that provides a superior experience for lenders and customers. Product Fast Facts #1 Robust flagship LOS and mobile apps for borrowers, loanofficers, correspondents, and brokers. Get More Info
Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.
Self-sourcing LOs Peter Sciandra , executive vice president of reverse lending secondary marketing at Fairway Independent Mortgage Corp. Good loanofficers are what will help our business grow in a big way, and we try to support our loanofficers in a way that they can generate their own business and not become reliant on leads.
When these clients are then connected with the best agents and the best loanofficers, it creates a virtuous cycle. Now, by joining forces with Rockets 3,000 loanofficers and expansive mortgage broker network, were building a highly efficient funnel that matches motivated buyers with top professionals.
You’ve probably staffed up on loanofficers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loanofficers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.
In the message reviewed by HousingWire, DeJoseph wrote that by becoming part of a larger organization, Garden State gains access to a “national lending platform, greater resources, enhanced career development opportunities, and the ability to offer more comprehensive services to our clients, well beyond residential mortgage lending.”
The partnership will boost loanofficers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. Meanwhile, LoanPASS’s flagship products and pricing engine (PPE) automates product and pricing decision-making for all loan products.
Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I C2 has the support and allows more options for my clients.
In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients. Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage.
John Abraham, former top-producing mortgage loanofficer 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 loanofficers.
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.
one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loanofficers to ML Mortgage. As of Thursday, per the Nationwide Multistate Licensing System (NMLS), it had 18 active branch locations and 86 sponsored loanofficers.
San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The bank has 197 active loanofficers and 12 branches across the country. The layoffs at USAA Federal Savings Bank represent about 1.6% While refis consisted of 56.7%
It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. CreditXpert’s Xpert Credit Process.
In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. For some brokers, there can be a short learning curve on their first Non-QM loan.
Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.
Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loanofficers and lending executives told HousingWire on Friday. ” For refi clients, he’s preaching patience. Is it right for the client?” “Some will dazzle with a 5.2%
Sellers loanofficers who agree to move over to Buyer may want (in addition to use of their team name which is typically an assumed name of Seller) to continue to use Sellers name for a period of time after closing, as part of their recognized brand. Freedman is a shareholder at Maddin Hauser.
If you take the temperature of how loanofficers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loanofficer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.
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