Housing Wire

FEBRUARY 9, 2023

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 397

Lending Business Retail Client Relationships 397

Appraisal Buzz

JUNE 20, 2024

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. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams. “I

Lending 394

Lending Loan Officers Retail Finance 394

Housing Wire

SEPTEMBER 17, 2024

Anthony Casa, President & CEO of UMortgage , isn’t mincing words when it comes to the lending practices that often victimize our veterans. According to its results, veteran homebuyers who work with a mortgage broker saved an average of $13,600 over the life of their loan compared to working with retail lenders.

Lending 435

Lending Retail Clients Mortgage 435

Housing Wire

JANUARY 4, 2021

Citadel Servicing Corporation (CSC) , one of the country’s largest non-QM lenders , is rebranding as Acra Lending (Acra). As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Citadel resumed non-QM lending in the summer. Presented by: WFG.

Lending 459

Lending Investing Retail Business 459

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. I mean we’re talking up to 30 years,” Nichols said.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

SEPTEMBER 20, 2024

If we learned anything from HousingWire’s recent AI Summit , artificial intelligence (AI) is rapidly reshaping lending by streamlining processes, reducing costs, and enhancing the overall borrower experience. In addition, the regulatory environment is ever-changing and with it comes increased burdens on the lending industry.

Lending 459

Lending Mortgage Technology Tools 459

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

MARCH 23, 2021

mortgage sales , where he led distributed retail sales, direct to consumer sales, strategic market business development, community reinvestment strategy and sales support. mortgage sales, Wayman was a division lending executive on the East Coast, which includes the New York, New Jersey and North East Suburban markets. retail banks.

Retail 501

Retail Mortgage Clients Lending 501

Housing Wire

JANUARY 15, 2021

Its retail originations actually fell slightly in the fourth quarter, likely due to a rise in coronavirus cases across the country (see page 15). Overall, retail originations declined to $20.1 As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry.

Lending 400

Lending Retail Valuation Mortgage 400

Housing Wire

APRIL 8, 2021

JPMorgan Chase has appointed Bhavesh Patel to lead client management for the bank’s correspondent lending channel. As director of client management, Patel will focus on improving the client experience and driving future growth for the business, which is growing at a faster rate than the bank’s more traditional retail arm.

Retail 435

Retail Lending Clients Finance 435

Housing Wire

DECEMBER 20, 2023

So he did what a lot of retail loan officers in the industry were doing — Mike would reclassify a self-generated lead as a corporate-generated lead, thus slashing his compensation from 125 basis points down to as low as 50 bps, giving him a low enough rate to win the client and eventually close the deal.

Loan Officers 482

Loan Officers Clients Law Legal 482

Housing Wire

JANUARY 4, 2023

After Finance of America Companies closed its forward mortgage origination unit in October, a total of 21 FoA retail branches transitioned to Go Mortgage, said Steven Reich, a division president at Go Mortgage and former executive at FoA, in an interview with HousingWire. “Refis are the easier product of the industry,” Reich said. “We

Retail 508

Retail Mortgage Construction Loan Officers 508

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. We look to acquire right-sized, financially solid distributed retail companies.” The financial terms of the transaction have not been disclosed. million in cash.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. In his new position at AnnieMac, Aubourg will tap into his leadership skills to drive growth and improve the mortgage experience for clients.

Mortgage 445

Mortgage Loan Officers Retail Clients 445

Housing Wire

FEBRUARY 21, 2024

“Over the past couple of years, I have learned that Guaranteed Rate is truly the company with all the tools and the platform to help originators grow their business and provide the best service for customers and clients.” Since leaving Guaranteed Rate, Nelson held executive positions at Nations Lending and Movement Mortgage.

Retail 435

Retail Tools Lending Clients 435

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. It just has not gone well.”.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JUNE 20, 2023

Smith, whose experience includes leadership roles at companies such as Keller Williams and CitiMortgage , will oversee the strategy and execution of originations, fulfillment, servicing and warehouse lending. Meanwhile, the retail channel was responsible for $1.3 The company’s volume comes mainly from third-party originators.

Business 370

Business Mortgage Retail Lending 370

Housing Wire

AUGUST 10, 2022

Amid a market downturn, the company has decided to focus on the retail lending business. “As As one of the few retail lenders that saw production grow from Q1 to Q2, we’ve decided to keep our focus on our greatest strength: retail lending,” David Robnett, chairman and CEO, wrote in a statement.

Retail 370

Retail Lending Mortgage Business 370

Housing Wire

MARCH 12, 2024

The Blueprint Builder features more than 60 third-party integrations, allowing lending teams to connect with other pieces of their workflow, from credit and verifications to pricing and disclosures. With the deal, Maxwell expanded its secondary market platform to add more than 180 clients.

Technology 448

Technology Retail Lending Design 448

Housing Wire

DECEMBER 4, 2024

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. Rate is the second-largest retail mortgage lender in the U.S.

Lending 397

Lending Mortgage Loan Officers Retail 397

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. Unclear is what pressure eXp’s agents may feel to direct their clients to Success.

Mortgage 435

Mortgage Lending Brokerage Agents 435

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 514

Mortgage Clients Loan Officers Lending 514

Housing Wire

SEPTEMBER 3, 2024

CMG Home Loans , the retail lending division of CMG Financial , announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. The company also described expanded demand for its reverse lending products.

Loan Officers 447

Loan Officers Lending Retail Mortgage 447

Housing Wire

DECEMBER 27, 2023

The California-based retail lender has set a target of becoming a top-10 lender in the markets in which it has a presence, which would give it about 2% in overall market share. Guild, the most active lender in terms of M&A deals on our list, wants to expand its retail business model nationwide to gain market share.

Mortgage 448

Mortgage Retail Lending Sellers 448

Housing Wire

DECEMBER 12, 2022

Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. Meanwhile, the retail channel’s market share slipped to 56% of the overall originations pie in the third quarter of 2022. Bank Home Mortgage and Planet Home Lending.

Marketing 418

Marketing Lending Retail Clients 418

Housing Wire

MAY 14, 2024

“Joe’s unparalleled expertise and proven leadership will be instrumental in advancing our mission of delivering exceptional valuation management services to our clients.“ “I I look forward to working closely with the talented team at Atlas VMS to elevate our appraisal management services and create value for our clients.“

Appraisal 459

Appraisal Valuation Retail Clients 459

Housing Wire

MARCH 5, 2024

The Money Store boasts a nimble lending platform, transparent loan process and highly competitive rates. With their incredible resources, we’re now equipped to serve our clients and partners better than ever before,” Abraham said in a LinkedIn post on Tuesday. Data shows that the lender has 28 branches and 100 active loan officers.

Loan Officers 448

Loan Officers Retail Lending Mortgage 448

Housing Wire

JUNE 8, 2021

Regions Bank is looking to make a big dent in the home improvement lending space , striking a deal to acquire EnerBank USA for $960 million in cash. EnerBank says it works with 10,000 contractors and develops personalized loan programs for their clients. It will maintain its headquarters in Salt Lake City.

Renovations 448

Renovations Home Improvement Marketing Finance 448

Appraisal Buzz

NOVEMBER 18, 2024

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 loan officer, according to data from Modex. “I

Retail 195

Retail Lending Loan Officers Realtors 195

Housing Wire

APRIL 27, 2021

Finance of America intends to acquire Parkside Lending ‘s third-party origination channel operation for $40 million, the publicly traded lender and servicer announced Tuesday. It’s the latest in a string of big M&A deals in the mortgage lending space – and the growing wholesale channel in particular – over the past six months.

Finance 370

Finance Lending Retail Renovations 370

Housing Wire

DECEMBER 27, 2024

Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. We’ll have those loans that come in where we have to look at every opportunity that we can to save that deal and help that client. But we’ve continued to work through those challenges.

Mortgage 397

Mortgage Retail Lending Business 397

Appraisal Buzz

NOVEMBER 19, 2024

Cornerstone Home Lending President–National Retail Division Jay Crowell Cornerstone Home Lending , a division of Cornerstone Capital Bank , has announced the promotion of Jay Crowell to the newly created role of President–National Retail Division. million in loan volume per loan officer, according to data from Modex.

Retail 221

Retail Loan Officers Lending Clients 221

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I But not every LO will find a new workplace.

Mortgage 418

Mortgage Loan Officers Retail Finance 418

Housing Wire

AUGUST 30, 2022

FormFree’s AccountChek, a service that allows lenders to verify borrower’s assets, income, employment and rent payment history, is used by retail, wholesale and correspondent originators. It will now be integrated with Docutech’s Solex , an end-to-end eClose solution that allows lenders to work with only one vendor for closng.

Lending 418

Lending Retail Mortgage Clients 418

Housing Wire

APRIL 12, 2024

We do not know how these factors will play out, but we must prepare the Firm for a wide range of potential environments to ensure that we can consistently be there for clients,“ Dimon said in a prepared statement. All of its production in Q1 2024 came from its retail branches and was mainly focused on purchase loans. Regarding the U.S.

Mortgage 468

Mortgage Retail Lending Business 468

Housing Wire

APRIL 2, 2024

Larry Steinway, VP producing area sales manager at New American Funding He joins NAF from Revolution Mortgage , where he served as branch production sales manager and SVP of mortgage lending for a little over a year. Most recently, NAF acquired $2 billion Chicago-based retail shop Draper & Kramer Mortgage Corp.

Loan Officers 448

Loan Officers Retail Finance Buyers 448