Housing Wire

OCTOBER 27, 2022

Independent mortgage brokers are beginning to have the products and tech tools needed to compete with banks and large retail lenders, and customers are reaping the benefits of this growing channel. Smith : The glaring trend is the broker channel has been growing rapidly, and the retail sector is shrinking. DS : Mindset is everything.

Clients 400

Clients Retail Advertising Tools 400

Housing Wire

AUGUST 7, 2020

Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. Learning to utilize that technology for a database that can be used to maintain constant contact with clients and retain business was crucial, Smallwood said. “We’re

Retail 364

Retail Mortgage Loan Officers Marketing 364

Housing Wire

MAY 23, 2023

announced on Tuesday the completion of an agreement for WFG to acquire certain branches of Doma’s West Coast local retail title operations. The deal includes multiple retail title locations and operations centers in the Northern and Central California regions. Williston Financial Group (WFG) and Doma Holdings, Inc.

Retail 339

Retail Insurance Real Estate Technology 339

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 469

Loan Officers Clients Law Legal 469

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. In his new role, Wayman will focus on client experiences across Citi’s U.S retail banks. retail banking. retail banking. “As

Retail 484

Retail Mortgage Clients Lending 484

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 416

Retail Mortgage Lending Renovations 416

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 475

Retail Mortgage Construction Loan Officers 475

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.” 4 retail mortgage lender in the U.S., It’s a telling story for Jeff to rejoin the Guaranteed Rate family.

Retail 430

Retail Tools Lending Clients 430

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 363

Retail Lending Clients Finance 363

Housing Wire

SEPTEMBER 17, 2024

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. At UMortgage, we’re committed to saving our clients the most money to ensure their long-term financial health,” says Casa.

Lending 428

Lending Retail Clients Mortgage 428

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. The retail lender originated $56.6 The lender’s focus has been in tripling down on its network of top retail LOs.

Mortgage 526

Mortgage Marketing Retail Lending 526

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. The post Cornerstone Names New Head of Retail first appeared on The MortgagePoint.

Retail 221

Retail Loan Officers Lending Clients 221

Housing Wire

JULY 1, 2024

He will ensure we deliver an exceptional customer experience to @Properties’ real estate agents’ clients, and he will definitely help solidify Proper Rate as the premier boutique mortgage company in the industry.” He was chief retail production officer at the time of his departure in 2019.

Brokerage 385

Brokerage Retail Real Estate Agent Real Estate 385

Housing Wire

AUGUST 30, 2022

Founded in 1990, Mountain will continue to serve retail and consumer direct clients throughout the Western United States. The Redlands, California-based company informed its broker network last week that it has “made the difficult decision to take a step back from wholesale lending,” according to a spokesperson.

Lending 448

Lending Retail Mortgage Clients 448

Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. And they can sort their book of business by highest interest rates, identifying past clients who could benefit through a quick analysis. ”

Tools 397

Tools Loan Officers Clients Technology 397

Housing Wire

AUGUST 2, 2024

In just the past day, loan officers should have seen their pricing improve between 25 and 40 basis points on government loans, and by 20 to 60 basis points on conventional scenarios, said Rick Roque , executive vice president of retail at Sierra Pacific Mortgage. ” For refi clients, he’s preaching patience. ”

Mortgage 513

Mortgage Clients Loan Officers Lending 513

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.

Lending 367

Lending Business Retail Client Relationships 367

Housing Wire

SEPTEMBER 29, 2021

The Orange County, California-based retail lender , led by CEO Anthony Hsieh, in a lawsuit filed in San Diego Superior Court in June, alleged that the seven employees — the Meredith-Rogers team¸— stole client lists and funneled business away from loanDepot to one of its rivals, CrossCountry Mortgage.

Retail 468

Retail Business Clients Mortgage 468

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 338

Mortgage Loan Officers Retail Clients 338

Housing Wire

JUNE 20, 2023

In addition, Smith will lead the nationwide direct channels and correspondent business, reporting to chief retail and small business banking officer Dontá Wilson. Meanwhile, the retail channel was responsible for $1.3 His expertise is in building product breadth and pricing strategies for clients. Truist, a top U.S.

Business 321

Business Mortgage Retail Lending 321

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

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 327

Retail Lending Mortgage Business 327

Housing Wire

NOVEMBER 9, 2020

Is it correct to say that you partner with high-performing agents and take over their back-end operations, freeing up their time so they can focus on activities that actually make money, such as prospecting for new clients or directly working with existing clients? HousingWire : What criteria do you use to select your partners?

Real Estate Agent 416

Real Estate Agent Real Estate Agents Brokerage 416

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 384

Mortgage Loan Officers Retail Finance 384

Housing Wire

APRIL 27, 2021

I am fighting back against UWM because my freedom and independence, the reason my clients choose to work with me, has been stripped away,” O’Kavage said in a statement. “If If I didn’t want to operate in an independent fashion, I would work on the retail side of the industry and work in-shop for one of the major lenders.

Loan Officers 368

Loan Officers Retail Law Clients 368

Housing Wire

DECEMBER 20, 2022

We also help realtors follow up with their clients. We send them a report every month showing how many transactions they sent us, how many clients we sent to them, and what their status is. We build relationships with existing clients, too. For example, if our client is happy with us, he refers his friends and family to us.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

NOVEMBER 15, 2023

We share a core value in that we are not afraid to roll up our sleeves to help our clients win. “We are beyond excited to be partnering with Valuation Connect,” Class Valuation CEO John Fraas said in a statement. “We Combining forces is going to be a win-win for all stakeholders.” Class Valuation has been on an acquisition spree.

Valuation 379

Valuation Technology Clients Modernization 379

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. Seely’s attorneys did not immediately respond to requests for comments.

Retail 394

Retail Contracts Loan Officers Mortgage 394

Housing Wire

SEPTEMBER 10, 2024

The retail direct-to-consumer segment represents about half of the mortgage market, and while we’re already the No. Rocket plans to acquire more mortgage servicing rights (MSRs) to open up a new channel for acquiring clients. Rocket originated $42.3 billion) and PennyMac Financial ($48.4 The company held $534.6

Mortgage 428

Mortgage Marketing Technology Clients 428

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 398

Mortgage Retail Lending Sellers 398

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. In his new role, Crowell will drive the strategy and continued growth of Cornerstone’s national retail and Realtor affiliate sales and operations. It’s about making a bigger impact,” Crowell adds. “I

Retail 195

Retail Lending Loan Officers Realtors 195

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. billion, a 12.6%

Marketing 390

Marketing Lending Retail Clients 390

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 376

Appraisal Valuation Retail Clients 376

Housing Wire

MARCH 5, 2024

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. NewRez, which owns Caliber, recently instituted a large layoff of its top sales managers and changed loan officer compensation as part of a retail mortgage restructuring.

Loan Officers 382

Loan Officers Retail Lending Mortgage 382

Housing Wire

DECEMBER 22, 2020

Retail lender Movement Mortgage has invested $200 million to expand its nonprofit Movement Foundation , and to accelerate the development of its growing charter school network. As the company celebrates its 10th anniversary, WFG continues to look for new ways to serve its clients, consumers and industry. Presented by: WFG.

Investing 418

Investing Mortgage Development Retail 418

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

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