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

Business 468

Business Loan Officers Law Mortgage 468

Housing Wire

JANUARY 25, 2024

From at least August 29, 2022 to December 2, 2022, individuals who were not licensed as loan officers (LOs) in Connecticut acted as LOs by taking residential mortgage loan applications , soliciting Connecticut borrowers for mortgages and offering or negotiating terms of mortgages, according to the order issued earlier this month.

Loan Officers 430

Loan Officers Mortgage Finance Lending 430

Housing Wire

AUGUST 20, 2024

They also discuss fintech developments for loan officers, recruitment and even the CPO’s favorite hamburger. Collins follows up with a question on how mortgage industry changes have shifted the ways that bankers and brokers offer financing to consumers. Gillespie joined Lower last year after the acquisition of Thrive Mortgage.

Loan Officers 446

Loan Officers Mortgage Tools Technology 446

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

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

Loan Officers 453

Loan Officers Tools Business Clients 453

Housing Wire

APRIL 23, 2024

Investor interest, product offerings When asked about investor interest, Krajewski said that partners are eager about the prospect of more companies entering the reverse mortgage business — especially firms that are well known to them. Too often, forward loan officers are just focused on their real estate agent partners.

Mortgage 418

Mortgage Loan Officers Investors Business 418

Housing Wire

MARCH 6, 2024

Sagent’s solutions include Loanserv, a servicing system of record powering collections, accounting, escrows, investor management and customer care; Tempo, a default management system of record powering loss mitigation, foreclosure and bankruptcy; and Account Connect, a customer care and retention system. billion in volume, an increase of 19.9%

Loan Officers 436

Loan Officers Retail Tools Investors 436

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.

HOA 488

HOA Finance Investing Loan Officers 488

Housing Wire

OCTOBER 13, 2021

Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said. It’s also made a push to hire teachers and first responders to be loan officers.

Mortgage 395

Mortgage Investors Investing Loan Officers 395

Appraisal Buzz

JUNE 20, 2024

Reber’s Jacksonville team will include Mortgage Loan Originators Allen Lewis and Jeromy Peters, and Loan Officer Assistants Nicole Crabtree and Priscilla DeMasi. With 30 years of experience in retail mortgage banking, Reber is renowned for his ability to drive excellence and build strong teams. “Our

Lending 394

Lending Loan Officers Retail Finance 394

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 508

Marketing Sellers Finance Loan Officers 508

Housing Wire

JANUARY 3, 2024

The WARN Notice shows that the workforce reduction includes 10 loan officers , senior app developers and vice presidents of app development, talent sourcing and sales manager. Expected separation dates for the affected employees were either December or January. 15 and reviewed by HousingWire. Pennymac had originated more than $72.3

Loan Officers 446

Loan Officers Development Investors Finance 446

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 369

Loan Officers Mortgage Real Estate Agent Business 369

Housing Wire

NOVEMBER 10, 2020

Online mortgage lender Better.com revealed it raised $200 million in a series D financing that put the New York-based startup at a $4 billion valuation, according to an internal memo reviewed by Bloomberg. It now roughly now has over 3,000 employees, many of whom, about 500, are non-commissioned loan officers.

Valuation 397

Valuation Loan Officers Investors Finance 397

Housing Wire

MARCH 28, 2024

of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgage 468

Mortgage Brokerage Loan Officers Business 468

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. MW: Non-QM provides a source of financing solutions that caters towards homeownership of a growing population of underserved borrowers in the United States.

Investors 472

Investors Real Estate Lending Loan Officers 472

Housing Wire

NOVEMBER 9, 2022

The decision to exit the forward mortgage business hit Finance of America Companies hard in the third quarter of 2022. FoA announced the shutdown of Finance of America Mortgage , its forward mortgage business, in late October, becoming the largest originator to do so this cycle. Finance of America shares traded at $1.46

Mortgage 416

Mortgage Finance Retail Business 416

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. Founded in 2015, Trussle has raised £26.7m ’s $1.5 We researched the U.K.

Brokerage 447

Brokerage Mortgage Loan Officers Finance 447

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.

Business 459

Business Mortgage Loan Officers Inventory 459

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 397

Mortgage Loan Officers Clients Housing Market 397

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Also in 2021, Rocket decided it needed to have some loan officers on the ground who are in close contact with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

DECEMBER 15, 2021

HousingWire recently spoke to Finance of America Mortgage President Bill Dallas about viable alternative options for homebuyers and the innovative products FAM offers to meet the unique financial needs of today’s modern borrowers. Loan officers and brokers need to reconnect with past clients and show their value.

Finance 416

Finance Construction Law Inventory 416

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 ??

Mortgage 418

Mortgage Loan Officers Finance Investors 418

Housing Wire

OCTOBER 5, 2023

“This is a watershed moment for many different reasons as now these [HEAs] can start to become more of a mainstream asset class that a significant number of investors will want to participate in. billion, according to offering documents. The news is just as positive in the more traditional home equity sector of HELOCs and CESs.

Housing Market 448

Housing Market Marketing Contracts Finance 448

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. Spreads have tightened and investor interest has improved for both HMBS and HECM buyout securitizations,” McCully said. “An

Mortgage 448

Mortgage Loan Officers Finance Retail 448

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. Black Knight is a proven mortgage industry leader in servicing technology.

Lending 435

Lending Valuation Clients Tools 435

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 529

Mortgage Loan Officers Insurance Investors 529

Housing Wire

JANUARY 14, 2022

Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. The hiring trend at non-QM lenders stands in sharp contrast to recent layoffs at some consumer-direct lenders, which specialize in conventional refinance loans.

Lending 424

Lending Loan Officers Real Estate Mortgage 424

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. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgage 526

Mortgage Marketing Retail Lending 526

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 13, 2024

“We were thrilled with the oversubscription of orders, which reflects the confidence of institutional investors in our multichannel business model, strength of financial risk management, and long-term strategy,” Michael Dubeck , president and CEO of Planet Financial Group, told HousingWire in a statement.

Retail 323

Retail Loan Officers Investors Lending 323

Housing Wire

FEBRUARY 3, 2022

Investors have largely shunned nonbank mortgage stocks, and analysts believe the hard times are still ahead. Finance data. In the next few quarters, we should see a more challenging market,” Bose George, mortgage finance analyst at Keefe, Bruyette & Woods (KBW) , told HousingWire. Investors were nonplussed.

Mortgage 397

Mortgage Retail Finance Investors 397

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. There’s no question that 2022 has seen serious changes to the housing market. Why partner with Newrez?

Lending 418

Lending Investing Loan Officers Design 418

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

APRIL 17, 2023

Roger Stotts: In some respects, our current challenges are the same ones that good servicers have always faced: doing the right thing for the customer, protecting the interests of the investor and doing these things the right way, which means compliantly and in the most cost-efficient manner possible.

Loan Officers 390

Loan Officers Investors Valuation Real Estate 390

Housing Wire

JUNE 13, 2023

This has resulted in the company closing branches and laying off loan officers on the retail side. ” Inside Mortgage Finance (IMF) shows the wholesale channel was responsible for 15% of the first-lien mortgage originations in 2022, compared to the lowest level of 9.8% “Wholesale is growing.

Retail 370

Retail Loan Officers Landlords Lending 370

Housing Wire

JANUARY 14, 2022

Last Friday, HomeSmart filed an “ S-1 ” with the Securities and Exchange Commission , a document that conveys HomeSmart’s intention to sell company shares to prospective investors and the public. A not insignificant component of HomeSmart’s finances is what is funneled to, and from, Widdows. million net loss, according to the filing.

Brokerage 448

Brokerage Real Estate Agents Loan Officers 448