Housing Wire

NOVEMBER 7, 2023

Government residential mortgage was an exception, where standards remained basically unchanged. of banks reported to have tightened standards on government residential mortgages, the report showed. A 40%-plus share of all surveyed banks said they saw weaker demand for all types of RRE loans.

Lending 497

Lending Mortgage Loan Officers Government 497

Housing Wire

JANUARY 11, 2023

. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the company said in a statement. . Brokers can use the points for conventional, government and non-agency loans up to $1 million. . ” .

Loan Officers 476

Loan Officers Retail Real Estate Agent Government 476

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. A 50%-plus net share of all U.S. A 50%-plus net share of all U.S.

Lending 497

Lending Mortgage Loan Officers Government 497

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .”

Loan Officers 448

Loan Officers Mortgage Retail Lending 448

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.

Loan Officers 435

Loan Officers Clients Design Insurance 435

Housing Wire

MAY 7, 2024

Government data from HMDA shows borrowers are saving, on average, over $9,400 over the life of a loan. Second, nearly 20,000 loan officers moved into the wholesale channel in 2023. The significant cost savings of working with an independent mortgage broker has also become more widely known.

Retail 476

Retail Marketing Loan Officers Government 476

Housing Wire

SEPTEMBER 11, 2023

Roughly 20% of Cliffco’s production comes from the wholesale channel and 80% of origination volume comes from its retail channel – through which it offers GSE, government loans and non-QM products. The lender has about 80 loan officers and aims to hire up to 100 in states.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgage 447

Mortgage Renovations Loan Officers Retail 447

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgage 493

Mortgage Lending Loan Officers Government 493

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. In addition, DKMC will also withhold certain costs and fees, including early payoffs and early payment defaults, “that may occur after the termination when calculating the final compensation payment to the Loan Officer.“

Loan Officers 435

Loan Officers Human Resources Law Lending 435

Housing Wire

JUNE 15, 2021

Cornerstone currently originates mortgage loans in 39 states, plus the District of Columbia. It typically does conventional, government mortgages and also has a jumbo product. billion in loans during the first quarter of 2021, good for 42nd nationwide in production volume. It funded $4.2 It funded $4.2 Roscoe, which has $212.6

Lending 468

Lending Loan Officers Mortgage Government 468

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Mortgage 418

Mortgage Loan Officers New Listings Government 418

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. And I’m so delighted. I’ve read them.

Mortgage 435

Mortgage Loan Officers Advertising Clients 435

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. and government loans were up 13% last week, according to the MBA estimates. from the week prior.

Mortgage 397

Mortgage Loan Officers Investors Government 397

Housing Wire

FEBRUARY 16, 2024

Braheem, former co-founder of Loan Toolbox — an online resource for training, tools, support and coaching — launched The Loan Atlas, a mortgage coaching platform, earlier this year with mortgage executives and top loan officers joining as faculty members.

Mortgage 435

Mortgage Marketing Loan Officers Training 435

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. A 40%-plus net share of all U.S.

Lending 370

Lending Mortgage Loan Officers Government 370

Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 448

Loan Officers Clients Mortgage Construction 448

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

JANUARY 17, 2024

Our thoughts and prayers are with Mary, his children, and the rest of his family.” A fierce advocate for the industry, Stevens became a loan officer in 1983 in Colorado, rising through the ranks of World Savings during a 16-year tenure. He left government service and became president of the Mortgage Bankers Association.

Finance 493

Finance Loan Officers Real Estate Development 493

Housing Wire

MAY 25, 2021

Loan officers, too, sometimes have reservations about government-financed loans. The anemic housing inventory , however, still poses a problem for any potential homebuyers who aren’t prepared to pay well over the asking price.

Finance 493

Finance Insurance Loan Officers Government 493

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. Quotes vary based on credit scores, points and other factors. Department of Veterans Affairs averaged 6.12%.

Mortgage 514

Mortgage Clients Loan Officers Lending 514

Housing Wire

JUNE 20, 2024

His team at Zoom Home Lending currently has about 20 loan officers, but he is targeting 100 in the company’s first year of business. Each LO is closing 12 loans per month with an eventual goal of 15 to 20. It offers conventional loans and government-backed loans through the Federal Housing Administration ( FHA ), U.S.

Lending 459

Lending Brokerage Human Resources Real Estate Agent 459

Housing Wire

JANUARY 22, 2024

He has more than 25 years of mortgage technology and enterprise software experience with his latest stint being chief product officer at Accela , a government tech provider. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration.

Technology 447

Technology Mortgage Loan Officers Clients 447

Housing Wire

AUGUST 30, 2021

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5 million for redlining practices, according to the federal government.

Lending 418

Lending Loan Officers Advertising Development 418

Housing Wire

SEPTEMBER 13, 2022

“Our industry is saturated with Realtors and loan officers. Point Mortgage Corporation had 177 sponsored mortgage loan officers and licenses in 28 states by Sep. GoPointDirect, the wholesale division, also offered partners a mix of conforming and government loans. billion over the last 12 months.

Mortgage 370

Mortgage Loan Officers Retail Lending 370

Housing Wire

SEPTEMBER 10, 2022

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance. At the end of 2018, the brokerage had 42 loan officers, but the total increased to just over 800 at the end of 2020.

Brokerage 435

Brokerage Loan Officers Retail Mortgage 435

Housing Wire

JUNE 11, 2021

In fact, it reached the lowest level since the fourth quarter of 2018 for GSE-eligible and government loans. At the Mortgage Bankers Association ‘s spring virtual conference, speakers warned that narrowing profit margins could make for some difficult conversations between executives and loan officers.

Loan Officers 488

Loan Officers Mortgage Government Business 488

Housing Wire

JANUARY 30, 2024

Another $700 million is expected to be invested in mortgage lending, with a focus on rural areas, the development of community mortgage loan officers, small-dollar mortgages and home improvement loans, among other products for LMI borrowers. In its previous five-year plan, from 2018 to 2023, the bank invested $1.75

Investing 434

Investing Mortgage Lending Loan Officers 434

Housing Wire

MAY 22, 2024

It represented a modest recovery for a highly underutilized option within a wider and similarly underutilized lending program sponsored by the federal government. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve Still, signs of new life have emerged over the past seven months.

Mortgage 458

Mortgage Loan Officers Lending Business 458

Housing Wire

FEBRUARY 28, 2023

. “Patch has a long track record of working with real estate partners, this is why a partnership with a mortgage market leader with national scale as well as local loan officers around the country like New American Funding makes so much sense for us,” Figueroa said.

Mortgage 397

Mortgage Real Estate Loan Officers Government 397

Housing Wire

MARCH 4, 2022

And we are hoping that with this program, we will be able to attract more brokers to work with us,” Jeff Gillis, executive vice president for operations, strategy, and governance at CMS, told HousingWire. CMS focuses on government – Federal Housing Administration , Department of Veteran Affairs , and U.S.

Technology 370

Technology Logistics Government Retail 370

Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Appraisal Buzz

MARCH 4, 2025

According to zippia.com, of the nearly 240,000 Loan Officers in the U.S. While that is an indicator that have made some healthy inroads into the business, those roles are traditionally lower paying than the more lucrative loan officer and executive roles and are usually the first to experience a layoff when business contracts.

Lending 221

Lending Mortgage Loan Officers Architecture 221

Housing Wire

JULY 19, 2022

However, the lenders and loan officers who will be most successful in the second half of 2022 will be those who pivot quickly, understanding both the nuances of the market and the best strategies to help solve problems for today’s homeowners, homebuyers, homesellers, Realtors and financial advisors. Their research shows the U.S.

Mortgage 448

Mortgage Loan Officers Technology Real Estate 448

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.

Loan Officers 435

Loan Officers Law Lending Advertising 435

Housing Wire

OCTOBER 10, 2022

“Angel Oak Home Loans continues to serve homebuyers across the country and maintains staffing levels to meet the changing dynamics of the residential mortgage market.”. According to the mortgage data platform Modex , Angel Oak Home Loans originated a total volume of $2.44 of the volume consisted of conventional loans and 54.1%

Retail 418

Retail Loan Officers Mortgage Government 418