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.

Lending 384

Lending Real Estate Agent Loan Officers Retail 384

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. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 347

Loan Officers Retail Real Estate Agent Real Estate 347

Housing Wire

OCTOBER 17, 2024

The North Carolina Regional Multiple Listing Service (NCRMLS) is making a move to foster connectivity between real estate agents and consumers. It’s more than a name change – it conveys how we serve real estate professionals.” Individual members must pay a retail price to use Hive MLS.

Real Estate 364

Real Estate Real Estate Agent Realtors Tools 364

Housing Wire

MARCH 15, 2024

You should be finding buyers before real estate agents anyway.” NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. Kortas believes that good buy-side agents will remain highly relevant and garner more business as competitors wash out.

Buyers 514

Buyers Agents Mortgage Real Estate Agent 514

Housing Wire

JUNE 5, 2023

Desmond Smith: There are two ways to get a mortgage — wholesale or retail. Retail lending is when you walk into a bank branch or go to an online lender, and they help you get a mortgage. Consumers who use a mortgage broker instead of a retail lender save $9,400 over the life of the loan and that increases to $10,400 for minorities.

Mortgage 342

Mortgage Retail Lending Loan Officers 342

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. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals. “In

Loan Officers 389

Loan Officers Agents Retail Technology 389

Housing Wire

SEPTEMBER 11, 2023

He most recently served as the president of troubled, largely defunct retail lender Celebrity Home Loans. During this 90-day period, the client can work with a real estate agent to list their prior home. Meadow has 25 years of mortgage industry experience.

Contracts 359

Contracts Real Estate Agent Tenants Retail 359

Housing Wire

FEBRUARY 16, 2024

Rick Arvielo: What’s interesting about our growth is that we are the 13 th largest retail IMB in the country, but we’re only in about a third of the United States. We grew with a call center model for the first 10 years and only got into outside distributed retail 11 years ago. What made Draper and Kramer a good fit for NAF to acquire?

Loan Officers 403

Loan Officers Retail Clients Real Estate Agent 403

Housing Wire

SEPTEMBER 18, 2024

CMG Home Loans , the retail lending division of CMG Financial , has its eyes on growing its dedicated reverse mortgage segment. He also offers thoughts on retaining clients regardless of their needs.

Real Estate Agent 396

Real Estate Agent Buyers Real Estate Retail 396

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Real estate agents and LOs: the great collaboration. Then you might as well just go work for UWM retail. ” Fairway, which did about $3.5

Real Estate Agent 392

Real Estate Agent Retail Real Estate Design 392

Housing Wire

FEBRUARY 14, 2024

That’s also an attitude shared by Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot. Loan originators are also eager to engage in conversations about the product with potential clients, she said, as well as with existing and potential referral partners.

Business 380

Business Mortgage Advertising Clients 380

Housing Wire

AUGUST 12, 2021

They’d then utilize the services of a real estate agent found through the growing Rocket Homes platform. Then comes the mortgage — which their agent would monitor through Rocket Pro Insight. When at the finish line, the client would close with the aid of Amrock , Rocket’s title and appraisal arm.

Mortgage 433

Mortgage Real Estate Agent Real Estate Agents 433

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. We also help realtors follow up with their clients. A lot of agents send us loan pre-approval requests.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

JUNE 6, 2023

“You can lend where you live and continue to build relationships with clients and real estate agents in your community. We have Rocket retail, and we compete,” Fawaz said. The company is looking for someone who has a “proven track record generating organic referrals” that result in closings.

Loan Officers 286

Loan Officers Mortgage Retail Real Estate Agent 286

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. At UWM we focus on our client service, operational efficiency and speed to close loans. Blink+ is a white-label, borrower-facing digital application tool. Jason Bressler, Chief Technology Officer.

Tools 321

Tools Training Technology Clients 321

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. Stepping into the void.

Marketing 390

Marketing Lending Retail Clients 390

Housing Wire

JANUARY 17, 2023

For Jason Stallworth, retail sales manager at Planet Home Lending , preparation for Q1 began last month by meeting with new prospects, real estate agents and brokers. For example, Ruotolo is keeping in touch with her database and the real estate agents that refer and support her. Make a plan.

Loan Officers 366

Loan Officers Marketing Real Estate Agent Real Estate 366

Housing Wire

NOVEMBER 22, 2022

Movement Mortgage’s deal to acquire top indie retail lender Mortgage Network marks a shift in the South Carolina-based company’s strategy. ” In addition, Movement, a distributed retail lender, has no plans to expand to other channels, eliminating some potential targets. In total, the company has 15 clients.

Loan Officers 397

Loan Officers Retail Business Mortgage 397

Housing Wire

JANUARY 10, 2024

The National Retail Federation found that during the 2022 holiday season, retailers saw 17.9% Add the clients’ names and the date of their closing. Enhancing the entire client experience Real estate transactions can be stressful, and clients often remember the exceptional service and personal touches that set their agent apart.

Real Estate 358

Real Estate Clients Retail Client Relationships 358

Housing Wire

APRIL 26, 2023

The retail channel – which accounts for 85% of the lender’s entire business – is On Q Financial’s bread and butter, and the remaining 15% of production comes from the correspondent and wholesale channel, Lamb noted. “We Having the ability to do a consortium joint venture like this gives us the ability to grow with our clients,” Lamb said.

Real Estate 413

Real Estate Retail Brokerage Business 413

Housing Wire

NOVEMBER 10, 2020

“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. Loan originators at retail banks pushed non-QM deals to specialist brokers like Dodson and Yonce, they said.

Business 459

Business Mortgage Investors Loan Officers 459

Housing Wire

JUNE 20, 2024

This impacts every real estate sector, from industrial and office to retail and residential. MJ McFarland, a luxury real estate agent at The Agency in Austin, said during the panel that the run-up in home prices creates a difficult scenario for his clients, despite today’s slower market conditions.

Inventory 393

Inventory Real Estate Housing Market Real Estate Agent 393

Housing Wire

APRIL 25, 2024

In 2024, agents have two choices; learn how to run your entire business from the apps on your phone or tablet, or find a new career. The days of running back to the office to write a tricky email to a client, follow up with a lead, or post on social media are long gone — and they’re never coming back.

Real Estate 374

Real Estate Agents Open Houses Tools 374

Housing Wire

AUGUST 14, 2023

The feature , published earlier this month, noted that Rocket embarked on a local LO hiring spree in 2023 to capture purchase market business from real estate agent connections. So it seems like the real estate community is reacting positively to this particular program,” Emerson told analysts.

Loan Officers 336

Loan Officers Mortgage Real Estate Agent Real Estate 336

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

AUGUST 16, 2023

Guild doesn’t have a refi wrecking ball like Rocket Mortgage or a loyal network of adoring broker fans like UWM , but it has quietly assembled an impressive collection of retail branches in key markets in recent years. So it seems like the real estate community is reacting positively to this particular program,” Emerson told analysts. “It

Retail 323

Retail Real Estate Agent Business Mortgage 323

Housing Wire

JULY 16, 2024

Ultimately, this development will empower our members to better serve their clients and grow their businesses.” This means that member associations and MLSs pay NCRMLS a wholesale price per member and then charge their members a retail price of their choice to access the MLS.

Real Estate 311

Real Estate Modernization Realtors Retail 311

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. It’s smoother for the client,” Hussam said. UWM is actively courting more brokers and retail LOs to the wholesale channel.

Investing 433

Investing Loan Officers Retail Mortgage 433

McKissock

SEPTEMBER 5, 2022

For instance, in 2021 small and private investment firms were responsible for nearly 3/4 of retail asset acquisitions , representing a 30% increase from the prior 10-year historical average. . In this article, we will explore the significance of this trend and the opportunities it can present for you as a real estate agent. .

Retail 73

Retail Real Estate Investors Real Estate Agent 73

Appraisal Today

SEPTEMBER 6, 2024

Newz: Disturbing AMC Violations, Appraiser and Real Estate Agent Communication September 6, 2024 What’s in This Newsletter (In Order, Scroll Down) Top 10 Things Appraisers Wish Real Estate Agents Understood Divorce Appraisal Red Flags Carmel’s Iconic and Artistic ‘Owl House’ $3,750,000 Housing Market Update: August 2024 Please!

Real Estate Agent 84

Real Estate Agent Real Estate Appraisal Agents 84

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Local agents say these rising prices are not stopping buyers from Colorado, Florida, New York, New Jersey and California from flocking to the northern New England city. Conway, Arkansas.

Housing Market 333

Housing Market Marketing Agents Real Estate 333

McKissock

APRIL 14, 2021

How many of your real estate clients have used you before in a home sale? A survey by the National Association of REALTORS® (NAR) said 91 percent of buyers would likely use the same real estate sales agent again or recommend them to a friend. Stay in touch with real estate clients.

Real Estate 86

Real Estate Clients Business Real Estate Agent 86

Housing Wire

JANUARY 24, 2023

Two weeks ago, UWM announced that it would be giving 125 basis points to brokers as a discount to be used on any loans, with up to 40 basis points per loan. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the lender said in a statement.

Lending 335

Lending Law Training Legal 335

McKissock

JUNE 1, 2021

Here, top real estate agents and brokers share the most common home pricing mistakes they see and how to fix them: Mistake #1: Ending a price in 9. FREE GUIDE : Download our free Real Estate Agent Income Guide for key insights into how top real estate agents across the country earn more.

Real Estate Agent 100

Real Estate Agent Real Estate Sellers Clients 100

Housing Wire

AUGUST 23, 2023

” Better is partnering with other businesses to offer services such as homeowner’s insurance and to provide access to a network of real estate agents, rather than offering these products and services directly to borrowers. The change resulted in Better’s exit from its real estate business.

Realtors 350

Realtors Technology Insurance Mortgage 350

Appraisal Today

FEBRUARY 17, 2023

What Appraisers Wish Real Estate Agents Understood McKissock Survey Question: “What’s one thing you wish real estate agents knew about the appraisal process? I will always remember when, many years ago, a top local real estate agent asked me why I was driving around taking photos of homes.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52