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Here’s how a mortgage coaching platform wants to carve out a niche in a competitive market

Housing Wire

To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas. So, kind of like a turnkey kit to get in front of a one-to-many type situation.”

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Opinion: How to win the coming mortgage refi race

Housing Wire

Lenders in a purchase money market, like the one we’re in now, are running a long-distance race. It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. A race is a useful analog for the mortgage business, especially as it relates to the refinance business.

Mortgage 487
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Excelerate Capital is accelerating its growth in the non-QM market 

Housing Wire

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. With the Castle acquisition and tech integration now completed, our intent is to lend nation nationwide in the non-QM market.

Marketing 370
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Interfirst, the phoenix of mortgage, lays off hundreds

Housing Wire

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 370
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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 428
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These mortgage lenders are making major job cuts as production plummets

Housing Wire

As the housing market adjusts to rapidly tightening monetary policy, mortgage rates again surpassed 7%,” Sam Khater, Freddie Mac’s chief economist, said in a statement. The housing market is the most interest-rate sensitive segment of the economy, and the impact rates have on homebuyers continues to evolve. Smaller business .

Mortgage 370
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Refi Sugar High: How to balance your lending diet

Housing Wire

In light of rampant uncertainty and economic hardship, homeowners are leaping at the opportunity to save thousands in annual payments , and the refi market is booming. You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business.

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