Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Prior to Accela, Coggiola spent 12 years leading product and technology initiatives at ICE Mortgage Technology , which was then Ellie Mae Inc.

Technology 434

Technology Mortgage Loan Officers Clients 434

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 million for redlining practices, according to the federal government. Specifically, Cadence will provide $4.17

Lending 418

Lending Loan Officers Advertising Development 418

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

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

MARCH 4, 2022

. “We put a lot of effort and energy into developing a program to help brokers grow. And we are hoping that with this program, we will be able to attract more brokers to work with us,” Jeff Gillis, executive vice president for operations, strategy, and governance at CMS, told HousingWire.

Technology 369

Technology Logistics Government Retail 369

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. And I’m so delighted. I’ve read them.

Mortgage 434

Mortgage Loan Officers Advertising Clients 434

Housing Wire

JUNE 11, 2024

Department of Housing and Urban Development (HUD) has terminated the Federal Housing Administration (FHA) direct endorsement approval for Open Mortgage in Iowa. “HUD Open Mortgage had 67 sponsored loan officers and 23 active branches as of Tuesday, per the Nationwide Multistate Licensing System (NMLS).

Mortgage 470

Mortgage Insurance Loan Officers Lending 470

Housing Wire

OCTOBER 1, 2022

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

Loan Officers 435

Loan Officers Law Lending Advertising 435

Housing Wire

SEPTEMBER 12, 2023

“Lenders and loan officers right now are just in survival mode,” Hoff said in an interview. About 20 loan officers under her leadership produced $116 million in mortgages over the last 12 months, a drop from $223 million in 2022, according to the mortgage tech platform Modex. When will the market turn? .

Loan Officers 418

Loan Officers Investors Mortgage Clients 418

Housing Wire

SEPTEMBER 23, 2024

Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. Navy Reserves as the readiness officer for Navy Cargo Handling Battalion 11 HQ in Jacksonville, Florida. Bergjans serves the U.S.

Retail 447

Retail Lending Loan Officers Mortgage 447

Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgage 448

Mortgage Loan Officers Lending Business 448

Housing Wire

FEBRUARY 10, 2025

The recent developments surrounding the Consumer Financial Protection Bureau (CFPB) have left many in the mortgage industry wondering what comes next. Even if the CFPB remains inactive, the statutes governing our industry remain fully enforceable. However, this assumption is dangerous. Regulation is not disappearing its shifting.

Modernization 207

Modernization Legal Lending Loan Officers 207

Housing Wire

JUNE 1, 2021

SVP, Agent Engagement & Development. Manager, Government & Industry Relations. Alterra Home Loans. Senior Loan Officer. VP of Product Development. Kelli Beckel. Branch Manager. PrimeLending. Kirtus Dixon. eXp Realty. Kristen Cox. Senior Leader, Flood Solutions. Louis daRosa. VP of Engineering.

Retail 418

Retail Lending Loan Officers Finance 418

Housing Wire

FEBRUARY 1, 2023

While mortgage attorneys said the “Control your Price” initiative doesn’t appear to clearly cross the legal line, they raised compliance concerns — including rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts.

Construction 418

Construction Real Estate Agent Loan Officers Inspection 418

Housing Wire

SEPTEMBER 28, 2023

So, we’re not little, but we’re not big, like some of these companies with 500 developers. We have a development team and so we have software developers, system analysts, business analysts, quality assurance testers, and people that manage deployments. We have smaller teams, but they’re very effective.

Technology 478

Technology Loan Officers Lending Business 478

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8

Human Resources 448

Human Resources Loan Officers Mortgage Training 448

Housing Wire

JANUARY 12, 2021

Following other recent moves from the government-sponsored enterprises to the private sector, former Fannie Mae Head of Digital Products Henry Cason announced his move to FinLocker , a consumer-permissioned personal financial assistance tool. FinLocker CEO Henry Cason. So why change direction now?

Tools 403

Tools Loan Officers Lending Design 403

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. billion in mortgages between June 2020 and June 2021 and was actively recruiting new loan officers and support staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. Improvements in the way developers bring products to market have resulted in a flood of new tools and many lenders have invested. It’s the sprint that can really set lenders apart.

Mortgage 485

Mortgage Technology Tools Business 485

Housing Wire

NOVEMBER 7, 2023

Potter added: “Government lending would come to a halt. If cooperative compensation is banned, the Department of Housing and Urban Development (HUD) and the VA must weigh in to develop or accept a mechanism for FHA and VA borrowers and how to pay the buyer’s agent’s commission.

Agents 482

Agents Sellers Buyers Finance 482

Housing Wire

OCTOBER 4, 2023

When asked to recommend AI application ideas for the government-sponsored enterprises (GSEs) to develop for the mortgage industry, lenders pointed to appraisal automation, borrower income/employment verification , data/documentation reconciliation and standardization, and compliance management.

Technology 432

Technology Lending Valuation Mortgage 432

Housing Wire

MARCH 29, 2024

But she quickly realized it is facing real challenges, and she began asking why it has not grown and developed to a place it could be. “I When it comes to government-backed reverse mortgages, there are certain product features that customers wish could be different, she said. “At We’re having so much inbound demand.’

Mortgage 477

Mortgage Finance Insurance Tools 477

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. They are specialists when it comes to buying and servicing government loans. But brand recognition doesn’t develop overnight. Throw in a few vegetables, too.

Lending 459

Lending Loan Officers Business Investors 459

Housing Wire

NOVEMBER 29, 2021

Government-sponsored enterprises Fannie Mae and Freddie Mac , along with Ginnie Mae , collectively known as the agency market, account for the balance of residential mortgage-back security (RMBS) issuances. Despite limited employment growth, about 25,000 openings for loan officers are projected each year, on average, over the decade.

Loan Officers 486

Loan Officers Supply Chain Mortgage Marketing 486

Housing Wire

OCTOBER 6, 2020

Purveyors of very complex financial instruments, sold to risk-averse investors under the careful oversight of government regulators, have given us a process that must conform to investor and regulatory compliance requirements. Borrowers were not comfortable turning over their credentials to loan officers or processors.

Technology 476

Technology Mortgage Investors Investing 476

Housing Wire

NOVEMBER 27, 2023

Prepayment speeds continue to trend lower Mortgage prepayment speeds on 30-year fixed rate pools of agency and government mortgages in October dropped 15 to 40 basis points from the previous month to 4.8% for Fannie Mae and Freddie Mac pools, according to Piper Sandler.

Mortgage 445

Mortgage Investing Government Real Estate 445

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. Of the total employees, 428 are active loan officers, according to mortgage software company Modex. The company has licenses in 49 states, 387 branches and 491 active loan officers.

Mortgage 370

Mortgage Loan Officers Lending Business 370

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. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

DECEMBER 18, 2023

Colgate Selden is an attorney, a partner at SeldenLindeke and has over 20 years of regulatory legal experience in government and as in-house and outside counsel, and also served as a founding member of the Consumer Financial Protection Bureau (CFPB) as senior counsel in its Office of Regulations.

Mortgage 458

Mortgage Business Legal Real Estate 458

Housing Wire

MARCH 15, 2022

He’s outspoken on his view that the government-sponsored enterprises exist to serve markets that are not well-served by the private sector, and he has some suggestions for how they might accomplish that mission. Government agencies have been looking at that for a while. That’s why the government is in that space.

Government 391

Government Finance Insurance Investing 391

Housing Wire

MARCH 31, 2022

We recently spoke to Bao Huynh, Director of Business Development at LoanScorecard, about these changes and the challenges of originating non-QM loans. As the market shifts, interest in non-QM lending from traditional lenders and brokers has increased. HousingWire: How is the shift from refi to purchase affecting the non-QM market?

Marketing 411

Marketing Investors Technology Loan Officers 411

Housing Wire

JANUARY 25, 2022

There’s already been widespread margin compression with agency conventional products due to the declines in refinances, while government margins will likely start compressing soon as well. To develop a robust input, it’s imperative to understand your cash flows, which means knowing your sources and uses of cash.

Mortgage 369

Mortgage Inventory Business Loan Officers 369

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors. By the same measure, Guild had just 1.1%

Mortgage 447

Mortgage Retail Lending Sellers 447

Appraisal Buzz

SEPTEMBER 25, 2024

In his current role, Lindner leads TD’s Mortgage Loan Officer sales force, and guides sales strategy and product development. In my current role, I am accountable for leading TD’s mortgage loan officer and community mortgage loan officer salesforce, as well as guiding sales strategy and product development.

Loan Officers 243

Loan Officers Retail Buyers Lending 243

Housing Wire

SEPTEMBER 15, 2020

“Signers only connect with a notary after completing several additional security measures, including personal identity challenge questions and credential analysis of their government-issued identification,” Kinsel said. Notarize said its application development team built bank-grade, highly secure software systems.

Business 504

Business Law Real Estate Investors 504

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. There are support staff that come along with them (loan officers). We’re growing quite a bit.

Retail 362

Retail Business Agents Loan Officers 362