Housing Wire

APRIL 1, 2024

I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.

Loan Officers 447

Loan Officers Training Business Retail 447

Housing Wire

JUNE 2, 2022

The agreement resolves a complaint the NCRC filed in October 2021 with the Department of Housing and Urban Development. NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021.

Mortgage 418

Mortgage Training Loan Officers Lending 418

Housing Wire

SEPTEMBER 14, 2023

However, on our side, what we’ve developed is fundamentally disruptive. How much training did that take versus the training to have an experienced underwriter? SW: How do people in the mortgage industry react when you talk about manufacturing loans like this? So when I say this is disruptive, this is why.

Loan Officers 435

Loan Officers Technology Mortgage Training 435

Housing Wire

OCTOBER 22, 2020

Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. The analysis may expose training needs for respective production teams. But training and trainers must have content. Run a spreadsheet by LO, branch and region.

Mortgage 497

Mortgage Training Contracts Loan Officers 497

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. “They’re doing the same exact training every single year, ” he said. These 400 loan officers are just the ones that got caught in a specific scam.

Loan Officers 397

Loan Officers Law Training Lending 397

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course.

Human Resources 397

Human Resources Loan Officers Retail Training 397

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%

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

SEPTEMBER 2, 2020

The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

Training 397

Training Loan Officers Development Mortgage 397

Housing Wire

SEPTEMBER 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. We’ve been hiring, training and developing our people. We’re overstaffed by design, and we never let sales get ahead of operations.”

Mortgage 459

Mortgage Loan Officers Retail Training 459

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

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Sean Shallis is an author and top-producing loan officer.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Housing Wire

JUNE 30, 2022

Intuitive technologies developed and built by experts in both mortgages and technology can drive efficiency, reliability and profitability when paired with exceptional customer service. We keep our ears to the ground and are always ready to pivot, find a solution and develop technologies our clients need to have a competitive edge.”.

Mortgage 369

Mortgage Real Estate Agent Clients Technology 369

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

AUGUST 11, 2022

Communication, borrower education and training of consumer-facing staff are all critical elements to ensure your servicing operation is properly prepared to help borrowers as they exit forbearance plans. That development prompted concern from legal experts that the information could be used as a basis for fair lending lawsuits.

Lending 397

Lending Finance Loan Officers Legal 397

Housing Wire

JUNE 20, 2024

Everyone in mortgage knows that fintech adoption remains stubbornly low, despite years of innovation and concerted efforts by software developers, trade associations, consumer-interest groups and the GSEs to spread the gospel of cost-saving technologies. To combat this, loan officers must be incentivized to embrace innovation.

Technology 447

Technology Loan Officers Tools Investing 447

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

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

Mortgage 397

Mortgage Loan Officers Retail Technology 397

Housing Wire

NOVEMBER 21, 2024

As you develop and build business, especially with financial planners, there are so many strategic ways to use a reverse mortgage that we try to share with our advisers,” Nelson said. Another advantage is that Nelson was very pleased with his own loan officer for a unique reason. “I’m

Mortgage 370

Mortgage Loan Officers Tools Lending 370

Housing Wire

JANUARY 17, 2024

They are able to maximize their cash investment on a new home and more comfortably afford an upscale home or a property in a more desirable location — whether it be closer to family or in a luxury housing development with additional amenities. For real estate professionals, this option presents an opportunity to capture more sales.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

JUNE 30, 2021

The no-cost solution allows brokers to submit applications, price out loans, eSign documents and helps make the experience smoother for borrowers and real estate agents. The company also offers both onsite and virtual Success Track training for loan officers, processors and broker owners. Mat Ishbia, President and CEO.

Tools 321

Tools Training Technology Modernization 321

Housing Wire

AUGUST 7, 2020

The brokers were in agreement that recruiting talent and maintaining strong partnerships will be key to not only brand development, but a lasting foundation that will continue post-pandemic. “So So really, it’s a team effort, the reason we got to where we’re at is because of the team involved behind it.

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

JULY 10, 2024

Nearly 64% of the country’s loan officers are white, while only 15% are Hispanic or Latino, highlighting a gap that persists among mortgage professionals of color. Latino homebuyers need to feel that their best interests are represented by professionals who comprehend their unique needs.

Real Estate 448

Real Estate Loan Officers Training Mortgage 448

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 418

Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

JUNE 10, 2022

Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 435

Marketing Real Estate Agent Lending Real Estate 435

Housing Wire

AUGUST 31, 2020

The third type of automation included in Indecomm’s continuum is supervised automation, which involves human oversight for the ongoing training of machine learning algorithms and engines and exception processing to handle fall-outs from any automation effort. That is where supervised automation comes in.”. State of Mortgage Automation.

Lending 435

Lending Technology Tools Training 435

Housing Wire

JUNE 14, 2024

Recent stagnation in refinancing loans, coupled with supply and demand discrepancies in housing, means originators still find themselves in an increasingly competitive landscape despite having expectations of the worst being over.

Clients 448

Clients Business Renovations Development 448

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.

Human Resources 448

Human Resources Loan Officers Mortgage Training 448

Housing Wire

JUNE 5, 2023

More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

Mortgage 370

Mortgage Retail Lending Loan Officers 370

Housing Wire

JUNE 28, 2024

There are other things that humans still need to do, but the more that companies can make those tasks “lower skill” and easier to train around, the more scalable and nimble the organization can be as the market changes. It is very easy to add steps to a process, and overwhelmingly difficult to subtract them.

Lending 414

Lending Mortgage Technology Training 414

Housing Wire

JUNE 6, 2022

As of May 27, Iowa Workforce Development lists 49 layoffs at the Wells Fargo campuses in Des Moines and 34 employee reductions in West Des Moine. Layoffs included 17 associate loan servicing representatives and eight loan servicing representatives as well as senior operations processors and senior loan servicing representatives.

Mortgage 448

Mortgage Loan Officers Lending Human Resources 448

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

MAY 9, 2024

In the homeownership journey, the consumer has a lot of conversations: they talk to a loan officer, they talk to a client experience specialist, they may talk to someone in the servicing experience. We’re just gonna keep feeding more data to the tool and training it and apply it in more and more places in the market.

Clients 395

Clients Technology Tools Loan Officers 395

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.

Mortgage 488

Mortgage Technology Tools Business 488

Housing Wire

NOVEMBER 2, 2023

Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM. Included in our education series is a course on how to source non-QM borrowers.

Investors 476

Investors Real Estate Lending Loan Officers 476

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

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Those include collaborative communications (Realtor to closing officer; loan officer to escrow assistant, etc.) The loan officer might send something via encrypted email.

Loan Officers 397

Loan Officers Agents Realtors Clients 397

Housing Wire

DECEMBER 2, 2024

Additionally, we’re developing local-market relationships with reverse mortgage experts who can partner with retail loan officers, connect with referral partners and engage directly with clients. This in-person piece takes time to scale, but it’s an essential component of the overall strategy.”

Retail 370

Retail Lending Loan Officers Training 370