Remove Insurance Remove Lending Remove Loan Officers
article thumbnail

Driving Growth: Leveraging Home Equity to Expand Loan Officer Opportunities

Appraisal Buzz

At their best, Loan Officers (LOs) should act as financial guides to their customers, helping them see and help surface opportunities that they did not know existed. The post Driving Growth: Leveraging Home Equity to Expand Loan Officer Opportunities first appeared on The MortgagePoint.

article thumbnail

USAA Federal Savings Bank cuts 130 positions in real estate lending 

Housing Wire

San Antonio, Texas-headquartered USAA eliminated 130 positions in the real estate lending group amid projections that the mortgage industry will shrink in 2023. The bank has 197 active loan officers and 12 branches across the country. It has offices in seven U.S. While refis consisted of 56.7%

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Banks report tighter lending standards, weaker demand for mortgages and HELOCs

Housing Wire

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. Responses were received from 66 domestic banks and 19 U.S.

Lending 370
article thumbnail

IMB Summit: Holstering the ‘money gun,’ addressing the homeowners insurance crisis and more

Housing Wire

The industry will see declining interest rates, new capital rules for nonbanks, new open banking rules under Section 1033, huge technology changes, a new tax bill, tens of billions in damage from hurricanes, new loan limits and artificial intelligence “storming into our business,” he said. What keeps McGrath up at night?

Insurance 356
article thumbnail

Open Mortgage has FHA direct endorsement authority terminated in Iowa

Housing Wire

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. Open Mortgage has continued to operate in the forward lending space.

Mortgage 475
article thumbnail

Rocket Mortgage aims to expedite mortgage services to local banks and credit unions

Housing Wire

Mortgage lending titan Rocket Mortgage is bringing its tech straight to financial institutions. It’s a significant lending play, as many of these smaller credit unions and community banks aren’t large enough to run their own mortgage operations. Already the leading originator in the U.S.

Mortgage 448
article thumbnail

Building the next generation of tech: Three ways to digitize home lending

Housing Wire

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Digitalization in the home lending industry does not always require companies to entirely invent new technology solutions. However, it’s important.

Lending 370