Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. However, successful agents and loan officers navigate fear at an unusually fast pace.

Real Estate 459

Real Estate Agents Loan Officers Marketing 459

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

Loan Officers 448

Loan Officers Brokerage Retail Construction 448

Housing Wire

NOVEMBER 21, 2023

21, the company had 1,826 loan officers and 401 active branches, per the Nationwide Multistate Licensing System (NMLS). 21, NMLS showed the lender had eight loan officers and 13 branches. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officers 448

Loan Officers Retail Lending Renovations 448

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

Loan Officers 448

Loan Officers Mortgage Retail Lending 448

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS).

Mortgage 448

Mortgage Loan Officers Construction Retail 448

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 447

Mortgage Renovations Loan Officers Retail 447

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. The importance for loan officers being able to have more exploratory conversations with every lead has become crucial as the cost to borrow mortgages aren’t expected to get lower any time soon with the Federal Reserve expected to keep interest rates higher for longer.

Loan Officers 435

Loan Officers Mortgage Buyers Finance 435

Housing Wire

OCTOBER 31, 2022

Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. “I’m excited to translate this vision into transformational action across our technology platform by putting the best tools in the hands of our loan officers,” Waggoner said in a statement. .

Loan Officers 370

Loan Officers Mortgage Technology Tools 370

Appraisal Buzz

JANUARY 10, 2025

Today, technology is driving differentiation across the customer experience, loan officer experience, and overall operational efficiency. With this foundation in place, lenders must then construct a target state of what their technology ecosystem would look like in an ideal world.

Architecture 397

Architecture Mortgage Technology Modernization 397

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. Loan officers who were part of those branches were brought over, he said.

Mortgage 418

Mortgage Loan Officers Retail Finance 418

Housing Wire

MAY 6, 2024

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. million in mortgages last year, mainly for building and construction.

Mortgage 459

Mortgage Retail Loan Officers Construction 459

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Appraisal Buzz

FEBRUARY 6, 2025

A broker could be the best option to help them identify the right lender or loan for their needs. At the same time, originators can educate them on a range of products, including home equity loans for renovations, construction loans for building additions, or even multi-family financing to accommodate extended family members.

Lending 348

Lending Renovations Finance Housing Market 348

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 448

Loan Officers Clients Mortgage Construction 448

Housing Wire

MAY 10, 2023

In much of suburban New Jersey, where new construction is rarer than cheap Bruce Springsteen tickets, the pandemic-era conditions never left. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. But it’s bad for everyone else, agents and loan officers included.

Marketing 397

Marketing Loan Officers Inventory Real Estate Agent 397

Housing Wire

OCTOBER 23, 2024

Customers must enter basic information — including their name, date of birth, address and loan purpose — to access the feature and map out the details of a new loan. Eligible debts include construction loans, personal loans, credit cards, auto loans and student loans.

Loan Officers 435

Loan Officers Lending Design Technology 435

Housing Wire

SEPTEMBER 11, 2024

The construction of the division was largely from scratch, Kirksey explained, and its first in-house reverse mortgage was accomplished about 18 months ago. Since then, with the exception of one or two months, we’ve funded a few more loans every month,” he said.

Mortgage 448

Mortgage Loan Officers Lending Business 448

Housing Wire

SEPTEMBER 22, 2022

We do not see new construction returning in a meaningful way any time soon. “We do not see new construction returning in a meaningful way any time soon. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment.

Mortgage 448

Mortgage Loan Officers Buyers Inventory 448

Appraisal Buzz

MARCH 4, 2025

According to zippia.com, of the nearly 240,000 Loan Officers in the U.S. While that is an indicator that have made some healthy inroads into the business, those roles are traditionally lower paying than the more lucrative loan officer and executive roles and are usually the first to experience a layoff when business contracts.

Lending 221

Lending Mortgage Loan Officers Architecture 221

Housing Wire

NOVEMBER 14, 2024

When we do something, it needs to drive costs down for the customer, it needs to drive revenue up, or it needs to deliver a phenomenal experience to the loan officer or someone else within the organization, otherwise we’re not going to do it. SW: What are some of the use cases that drive return on investment?

Loan Officers 195

Loan Officers Architecture Technology Modernization 195

Housing Wire

FEBRUARY 14, 2024

With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. Approximately 200 employees will be laid off, the majority of which are based in Academy’s home office in Draper, Utah, Schmidt said. Guild Mortgage ’s acquisition of Academy Mortgage Corp.

Retail 448

Retail Mortgage Loan Officers Construction 448

Appraisal Buzz

JUNE 24, 2024

Based in Timonium, Maryland, Dalgarno will focus on growing Embrace’s new construction home lending business throughout the East Coast by forming partnerships with homebuilders and recruiting loan officers who specialize in new home construction. Dalgarno expects to hire 15 to 20 new loan officers over the next year.

Loan Officers 221

Loan Officers Construction Training Business 221

Housing Wire

SEPTEMBER 12, 2024

To predict a recession, Mohtashami reviews residential construction job numbers and manufacturing rates. He also argues for more data-influenced decision making to help homebuilders, loan officers and real estate agents create sound strategies. Mohtashami shares his unique recession prediction model with the hosts.

Real Estate 471

Real Estate Real Estate Agent Loan Officers Agents 471

Housing Wire

MARCH 24, 2023

ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. As for the “limitations,” it’s not always correct, and much data has not been updated after 2021. AI can be used to provide a more personalized experience for mortgage customers.

Loan Officers 497

Loan Officers Legal Development Design 497

Housing Wire

JULY 25, 2022

The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff. Founded in 1914 in Linden, Texas, Texana Bank offers personal and business banking services through four full-service branches in East Texas, two branches in Arkansas, and several mortgage offices.

Human Resources 370

Human Resources Loan Officers Construction Lending 370

Housing Wire

APRIL 28, 2022

Union Home Mortgage is laying off loan officers in junior and senior positions, according to former employees’ LinkedIn posts and interviews with HousingWire. It made way for the creation of 450 new jobs after the construction ended in summer 2021. At the time of the announcement, the lender had 1,300 employees.

Mortgage 370

Mortgage Loan Officers Retail Construction 370

Housing Wire

MAY 31, 2022

When we help bring distressed properties back to the market, it’s up to 31% less expensive than a new construction home.”. Planet is in a unique position because there are very few non-depository lenders offering a construction product,” Hattan said.

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

JUNE 1, 2023

Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex. Planet, which originates loans through the correspondent and retail channels, plans to grow organically and via mergers and acquisitions.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

JANUARY 10, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000. In April 2022, HousingWire reported that CCM acquired LendUS , which had originated $7 billion in 2021 through 350 loan officers and roughly 100 retail branches.

Retail 435

Retail Mortgage Loan Officers Training 435

Eyes on Housing

FEBRUARY 12, 2025

Lending standards for residential mortgages were essentially unchanged across most categories, while overall demand for most residential mortgages was weaker according to the Federal Reserve Boards January 2025Senior Loan Officer Opinion Survey(SLOOS). However, for.

Loan Officers 88

Loan Officers Mortgage Lending Construction 88

Housing Wire

AUGUST 28, 2023

Established in 1995 by brothers Steven and David McCormick, First Centennial Mortgage offers a wide range of mortgage products, including conventional, FHA, VA building and construction, per the mortgage data platform Modex. The company had 227 active loan officers and originated $830 million in the last 12 months.

Mortgage 370

Mortgage Retail Loan Officers Construction 370

Housing Wire

FEBRUARY 1, 2023

Borrower demand for home loans increased in the first three weeks of 2023, sparking optimism among mortgage industry executives and loan officers. “Most listings are dilapidated homes or new constructions,” he said. But don’t fool yourself — there are signs of volatility on the horizon.

Mortgage 397

Mortgage Marketing Loan Officers Contracts 397

Housing Wire

JULY 7, 2022

In Portland, Oregon, for example, one loan officer noted that new listings doubled in the second half of May from 800 to 1,900 new listings. Slow construction and restrictive zoning laws. One of the major causes of low inventory has been due to slowed construction. Let’s start with the good news.

Inventory 418

Inventory Marketing Mortgage Supply Chain 418

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate.

Housing Market 418

Housing Market Marketing Real Estate Agent Agents 418

Housing Wire

DECEMBER 15, 2021

Bill Dallas: As construction and labor costs have climbed, so, too, have home prices. It also means we have to get back to the basics of building relationships with our clients and being their loan adviser for life instead of treating them as transactional customers. That value lies primarily in our knowledge and expertise.

Finance 418

Finance Construction Law Inventory 418

Eyes on Housing

MAY 13, 2022

During the first quarter of 2022, credit became tighter on loans for Acquisition, Development & Construction (AD&C) according to NAHB’s Survey on AD&C Financing. In the first quarter. Read More ›

Development 190

Development Loan Officers Construction Finance 190