Remove Government Remove Investors Remove Loan Officers Remove Training
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Opinion: How to win the coming mortgage refi race

Housing Wire

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 475
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Non-QM lenders hunt for LOs as consumer-direct model falters

Housing Wire

According to Evan Kidwell, chief operating officer at Griffin Funding , a consumer-direct lender that launched non-QM operations in November 2020, the company is willing to hire newbie LOs and processors and give them on-the-job training. “If If you’re willing to learn and you’re coachable and trainable, that works too.”.

Lending 412
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Refi Sugar High: How to balance your lending diet

Housing Wire

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.

Lending 441
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LOs and brokers, are you prepared for an evolving workforce?

Housing Wire

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. As government regulations constantly shift, keeping on top of and adhering to these changes can become a time-consuming task.

Lending 403
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Excelerate Capital is accelerating its growth in the non-QM market 

Housing Wire

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.

Marketing 370
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How LOs, mortgage execs are preparing for 2024

Housing Wire

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 460
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Opinion: Solutions to restore housing as an economic growth engine

Housing Wire

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. Reducing government-insured and guaranteed mortgage loan fees.

Insurance 388