Development Government Loan Officers Training 
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. I think 99% of the loans that I was writing there were refinances. The firm told HousingWire that it had originated $1.65
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. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.
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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. billion in mortgages in 2021.
Housing Wire
NOVEMBER 10, 2022
It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. billion in the last 12 months.
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. Right now, while things are good, invest in cross-training your staff.
Realtor
FEBRUARY 13, 2023
All in all, in the best-case circumstances, you can expect the USDA home loan process to last anywhere from 30 to 60 days—or longer if there are hiccups such as missing paperwork. The availability of government funding for these loans might also lengthen the process, in some cases up to three months.
Housing Wire
FEBRUARY 8, 2022
Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.
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