Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. Her place of work was not disclosed.

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Housing Wire

MAY 26, 2022

In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more about tactics top originators are using to build and retain relationships with borrowers. . Here at Finance of America, we look at technology as an ‘and’ with our loan originators not an ‘or,’” Reich said.

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Loan Officers Finance Technology Insurance 384

Housing Wire

MAY 25, 2023

Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said.

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Loan Officers Real Estate Agent Real Estate Finance 399

Housing Wire

JUNE 11, 2024

In practice, the direct endorsement authority allows lenders to underwrite single-family mortgages and submit them to FHA for insurance endorsement. Open Mortgage’s termination is based on the “poor performance” of these loans, HUD stated. Inside Mortgage Finance first reported on the topic.

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Mortgage Insurance Loan Officers Lending 404

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). While the decision was under appeal, Strauss was brokering loans. 3, indicating a voluntary surrender. million , down from $26.5

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Business Loan Officers Law Mortgage 434

Housing Wire

OCTOBER 3, 2024

that attempt to address the rising costs of origination, including legislative action to change loan officer compensation rules. “There are thoughts and ideas about creating greater incentives for IMBs to participate in those lower-end loan cost structures,” he said. I don’t have an answer.” ”

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Insurance Technology Lending Business 249

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

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Loan Officers Mortgage Real Estate Agent Real Estate 336

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 432

Housing Wire

DECEMBER 18, 2020

Here’s what you need to know about financing that purchase. Conventional loans. A conventional loan is a smart way to finance an income-earning property. Hard money loans. A third option is a hard money loan — essentially just short-term financing from a private lender or investor. The bottom line?

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HOA Finance Investing Loan Officers 488

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more.

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Mortgage Finance Insurance Tools 412

Housing Wire

SEPTEMBER 11, 2024

Other holding costs for real estate include taxes and insurance. According to S&P Global, insurance premiums increased nationally by 34% between 2017 and 2023, with even more increases hitting homeowners in 2024. In particular, insurance can be a significant portion of monthly payments.

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Mortgage Insurance Inventory Buyers 422

Housing Wire

NOVEMBER 18, 2021

United Wholesale Mortgage (UWM) rolled out a new purchase product that will waive mortgage insurance payments if a borrower opts for a 10%-or-more down payment. Once that happens, mortgage insurance is usually waived. But borrowers would be wise to note that they’ll get hit with higher interest rates.

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Insurance Loan Officers Retail Mortgage 426

Housing Wire

JANUARY 10, 2024

Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. Sue Haviland has also joined the division as a loan officer, coming off of a roughly three-year stint as Finance of America Reverse (FAR)’s national sales trainer in learning and development.

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Mortgage Lending Loan Officers Design 416

Housing Wire

OCTOBER 23, 2024

UWM has debuted a new cash-out refi product without mortgage insurance. On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits.

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Insurance Mortgage Investors Renovations 421

Housing Wire

MARCH 1, 2021

Want to make sure you’re getting the best deal and making the right choice for your finances? Considering other loans require anywhere from 3% to 10% down at minimum, this can mean serious savings from the start. They can point you toward a loan that fits your specific needs and budget, as well as your long-term goals as a homeowner.

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Mortgage Loan Officers Real Estate Insurance 459

Housing Wire

JUNE 1, 2021

Finance of America Reverse. Genworth Mortgage Insurance. Alterra Home Loans. Senior Loan Officer. Senate Finance Committee. Wyndham Capital Mortgage. Bobby Burns. VP, Product Management. Breezi Webster. VP, Strategic Workflow & Optimization. AmeriHome Mortgage. Britany Luth. SVP of Best Practices.

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Retail Lending Loan Officers Finance 410

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Aurora, Colorado-based American Financing Corporation has started to layoff 63.6% American Financing Corporation originated $4.13

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Loan Officers Modernization Finance Housing Market 422

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.

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Law Loan Officers Lending Advertising 402

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance.

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Agents Sellers Buyers Finance 470

Housing Wire

AUGUST 5, 2024

” Several loan officers and mortgage executives told Housingwire that they’ve been quoting even lower prices on Monday though they’re also having to fight for loans that were locked in their pipeline at higher prices. . “Fed funds futures now imply the Fed Funds rate could be 200 bp lower by July 2025.

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Mortgage Marketing Insurance Loan Officers 498

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit.

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Finance Renovations Loan Officers Agents 174

Housing Wire

DECEMBER 22, 2020

They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. Most lenders require you to pay for home insurance and property taxes as part of your monthly payment. You’ll submit this with any offers you put in.

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Mortgage Property Taxes Loan Officers Sellers 448

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 437

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

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Loan Officers Insurance Mortgage Real Estate Agent 330

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. ” The expectation is that refis will go down even further this year. ”

Mortgage 527

Mortgage Loan Officers Insurance Investors 527

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Three others were also sentenced in connection to the fraud.

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Loan Officers Insurance Finance Mortgage 79

Housing Wire

SEPTEMBER 22, 2022

With the new mortgage program, customers receive loan estimates and closing disclosures in Spanish as well as a real-time digital version they can save. Mortgage Insurers points out that Hispanics are the youngest of any ethnic or racial demographic in the United States to purchase a home. billion in loans.

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Marketing Tools Loan Officers Finance 338

Housing Wire

APRIL 21, 2023

In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.

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Logistics Mortgage HOA Property Taxes 444

Housing Wire

JUNE 6, 2022

of market share in 2021, according to data from Inside Mortgage Finance. Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices.

Mortgage 443

Mortgage Loan Officers Lending Human Resources 443

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

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Mortgage Loan Officers Finance Investors 409

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.

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Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. At least one occupying borrower must be a first-time homebuyer, and the applicants must have an income at or below 80% of the county area median income (AMI).

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Buyers Retail Loan Officers Insurance 341

Housing Wire

OCTOBER 13, 2021

It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. . The holding company will invest in finance, insurance, and real estate businesses. Interfirst told HousingWire in August that it originated $1.65

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Mortgage Investors Investing Technology 313

Housing Wire

JULY 13, 2023

Headquartered in Irvine, California, CoreLogic is a provider of property information, analytics, and data-enabled solutions, serving customers in the real estate, mortgage finance, insurance, and public sector markets. CoreLogic has offices across North America, Europe, Asia Pacific, and Latin America.

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Design Loan Officers Real Estate Business 61

Housing Wire

JUNE 24, 2021

Panelists: Bill Dallas, President, Finance of America Courtney Graham, Chief Marketing Officer Princeton Mortgage Alcynna Lloyd, Digital Media Manager, HousingWire. Panelists: Mike Eshelman, Head of Consumer Finance, Jornaya Sarah Wheeler, Editor in Chief, HousingWire. Winning in a red-hot purchase market.

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Loan Officers Lending Finance Business 294

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. The company’s average mortgage loan was about $1.45

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Mortgage Loan Officers Insurance Business 324

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. housing supply will sustain elevated home prices,” he added.

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Housing Market Marketing Contracts Finance 408