Housing Wire
DECEMBER 20, 2023
Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.
Housing Wire
JUNE 5, 2023
Providing presentations on whether to opt for a conventional loan, Federal Housing Administration (FHA) loan, Fannie Mae ’s HomeReady or Freddie Mac ’s HomePossible loans while winning over contracts in a multiple bid environment are key to creating client stickiness, Lotsoff added.
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Housing Wire
MARCH 5, 2024
Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.
Housing Wire
APRIL 20, 2023
Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S
Housing Wire
MAY 22, 2023
Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors.
Housing Wire
JUNE 26, 2024
mortgage brokerage firm, with 2,570 licensed loan officers and 239 active branches, per the Nationwide Multistate Licensing System ( NMLS ). .” Kortas and Grella founded NEXA in 2017 after they left Equity Prime Mortgage. As of Wednesday, NEXA was the largest U.S.
Housing Wire
NOVEMBER 20, 2023
Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in. Most successful loan officers get their business from buyer agent referrals.
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