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

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Loan Officers Mortgage Inventory Clients 418

Housing Wire

SEPTEMBER 17, 2020

1 loan originator, has become Guaranteed Rate ’s first loan officer to fund $1 billion in loan volume in one year. Over the course of his decade-long career, Banosian has generated more than $4 billion in funded loans. 1 loan officer nationwide, as well as the top producer in Massachusetts since 2013.

Loan Officers 476

Loan Officers Clients Business Marketing 476

Housing Wire

OCTOBER 18, 2023

“There’s definitely a shift and while we know there is a lot of movement going on with people losing jobs because of mergers or closures, a certain percentage are moving to brokerage instead of another retail company.” ” It doesn’t surprise me that wholesale has gained market share as refi activity has slowed.

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Retail Loan Officers Brokerage Mortgage 521

Housing Wire

JANUARY 10, 2023

Not every loan officer that wanted to join APM was hired, however. The focus was on high-producing and profitable branches — and the loan officers who were part of those branches were brought over, Lowman explained. . “We We are definitely focused on increasing market share and volume,” Lowman said.

Loan Officers 397

Loan Officers Mortgage Training Finance 397

Housing Wire

SEPTEMBER 1, 2020

Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City.

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Loan Officers Retail Lending Contracts 435

Housing Wire

NOVEMBER 4, 2024

But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close.

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Agents Inspection Real Estate Sellers 435

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” We’ll definitely see between now and April more [M&A] transactions occur in the [IMB] space.

Mortgage 468

Mortgage Loan Officers Finance Buyers 468

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%

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Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?”

Mortgage 459

Mortgage Loan Officers Technology Tools 459

Housing Wire

APRIL 15, 2024

“One of my employees said that her mother worked in doing some type of loans,” Schmidt said. “I She had a brochure, and I definitely didn’t know what reverse mortgages were. I started as a loan officer when Finance of America was Urban Financial Group , so well before they started to grow. It gave me a sense of purpose.

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Mortgage Loan Officers Business Finance 448

Housing Wire

SEPTEMBER 14, 2023

SW: How do people in the mortgage industry react when you talk about manufacturing loans like this? But the median age of homebuyers is like 30 and the median age of loan officers is like 55. And loan officers are getting older every year while homebuyers are staying the same or getting younger, so the gap is expanding.

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Loan Officers Technology Training Mortgage 435

Housing Wire

APRIL 24, 2024

“I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said.

Mortgage 447

Mortgage Loan Officers Training Business 447

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The company has 76 active loan officers in four branches, according to Modex. The terms of the deal were not disclosed. accelerates.

Loan Officers 418

Loan Officers Investing Technology Mortgage 418

Housing Wire

APRIL 13, 2023

The two banks announced they have signed a definitive agreement for First Federal to acquire certain assets and liabilities of BNC National Bank’s mortgage division on Wednesday. NMLS showed the bank has 63 registered loan officers. The bank’s production volume more than halved to $1.04

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Business Mortgage Loan Officers Lending 397

Housing Wire

MAY 22, 2024

I think we’ve already done more purchases this year than we did last year, so it’s definitely becoming a big part of the business,” she said. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgage 459

Mortgage Loan Officers Lending Business 459

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. I think things have definitely picked up,” he said.

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Development Mortgage Tools Loan Officers 459

Housing Wire

OCTOBER 27, 2020

Your credit definitely matters when buying a home, so make an effort to increase your score and settle any overdue accounts before filling out a mortgage application. If your score’s less than ideal, talk to a loan officer about ways you can improve your application. Credit score matters, but it’s not everything.

Loan Officers 444

Loan Officers Technology Mortgage Buyers 444

Housing Wire

MARCH 1, 2021

Though USDA loans are technically reserved for homes in “rural” areas, you’d be surprised at how much of America actually qualifies for these mortgages. If you can find a home in a USDA-eligible area, you’ll definitely want to give these loans a look. It’s reportedly around 97% of all U.S. landmass!). It doesn’t stop there.

Mortgage 459

Mortgage Loan Officers Real Estate Insurance 459

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

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Business Mortgage Loan Officers Inventory 459

Housing Wire

APRIL 18, 2024

But by definition, a task force comes together for a specific goal, and then could lay low for a while until needed again. But as we’ve said from the very beginning, it takes loan officers sitting [face-to-face with advisers] to really get the message across.” That’s what we want to continue to do.”

Loan Officers 459

Loan Officers Tools Mortgage Government 459

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

DECEMBER 18, 2020

You can definitely purchase a home with the intent to rent it out on Airbnb. If you’re not sure if it’s a good move, talk to a financial advisor or loan officer. If the home is located in an area with an HOA or condo association, there may also be dues there, too. The bottom line?

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HOA Finance Investing Loan Officers 488

Housing Wire

MARCH 31, 2022

That’s because non-QM rates are generally 2 to 3 points higher than QM loans, and candidates for non-QM refinances probably aren’t being bombarded with refinance offers every time rates drop a quarter of a point. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers.

Marketing 418

Marketing Investors Technology Loan Officers 418

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements. Regulations to oversee them all.

Training 397

Training Loan Officers Lending Mortgage 397

Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market.

Mortgage 418

Mortgage Loan Officers Retail Marketing 418

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. So it’s currently just two.

Mortgage 418

Mortgage Retail Loan Officers Lending 418

Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. By both companies’ admission, a major key to Success’s success will be hiring loan officers. Presented by: SimpleNexus.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

OCTOBER 27, 2022

But according to Shant Banosian, Guaranteed Rate’s top-ranked loan officer, now is the time for LOs to show up and work hard. “In I think getting through until February is going to be massively challenging, because things are definitely slowing down,” he said.

Loan Officers 397

Loan Officers Clients Mortgage Business 397

Housing Wire

JUNE 4, 2024

One loan type that did increase, however, were HECM-to-HECM (H2H) refinances, which jumped by 3.3% When asked about it, Lunde said it’s about striking when loan officers and borrowers see a chance. during the month.

Mortgage 458

Mortgage Loan Officers Finance Retail 458

Housing Wire

MARCH 2, 2023

Applications have definitely slowed down in the last few weeks. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I I have one borrower that made an offer last week but withdrew this week when he saw that the rate was closer to 7%.

Mortgage 468

Mortgage Buyers Loan Officers Marketing 468

Housing Wire

AUGUST 2, 2024

In subsequent years, the reverse division grew bigger and bigger until it actually eclipsed the forward mortgage division, maybe not in volume, but definitely in profitability,” Walker told RMD. “In In previous years, both divisions were going gangbusters through the COVID refi boom.

Lending 448

Lending Design Tools Loan Officers 448

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. and helping the general consumer understand those positives,” she said. Just start,” Peterson said.

Loan Officers 369

Loan Officers Business Mortgage Clients 369

Housing Wire

MARCH 15, 2024

The good news is that we finally signed a definitive agreement in January of this year to buy 100% of the estate’s shares,” Peskin said. I don’t think you can just look at today, you’ve got to look at how to help our loan officers be successful in growing their business.”

Loan Officers 448

Loan Officers Business Mortgage Clients 448

Housing Wire

JULY 26, 2023

When clients find their dream house and are ready to make an offer, Todd Armstrong’s next call isn’t necessarily to the seller’s agent or the buyer’s loan officer. “We The result? Insurance policies for homeowners are skyrocketing. If homeowners can get them at all. “It

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Insurance Housing Market Supply Chain Marketing 370

Housing Wire

APRIL 17, 2023

Today, we can’t justify the expense to implement that technology , but in the future, if we see enough demand, we’d definitely consider it. Interestingly, our company gets a lot of insight about what customers want and/or customer issues from our loan officers.

Loan Officers 397

Loan Officers Investors Valuation Real Estate 397

Housing Wire

JANUARY 18, 2023

Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said. So, it’s definitely not like selling a loan to a GSE (government-sponsored enterprise). You need a buyer and seller,” Brown said.

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Housing Market Marketing Insurance Mortgage 476