Housing Wire

MAY 7, 2023

Just when I thought it was safe to say we were getting more traditional spring housing inventory , we hit a snag last week, as active inventory and new listings declined. Weekly housing inventory The numbers this week are unfortunate: inventory should be growing like it does at this time every year.

Inventory 505

Inventory Housing Market Marketing New Listings 505

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. But it’s not all grim news.

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Lending Tools Inventory Renovations 475

Housing Wire

MAY 12, 2022

Inventory is contracting. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Mortgage lending is facing the same disproportionate dilemma that technology, in many ways, can make worse.

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Lending Marketing Technology Contracts 370

Housing Wire

MAY 6, 2024

Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage. We are partnering at the perfect time as AnnieMac is at the precipice of taking market share and providing better solutions to Loan Officers.”

Mortgage 445

Mortgage Loan Officers Retail Clients 445

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

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Loan Officers Mortgage Inventory Clients 418

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. Education and new business RMD spoke with three national managers at different lending companies who deal in the reverse mortgage product.

Mortgage 459

Mortgage Loan Officers Lending Business 459

Housing Wire

JUNE 24, 2021

As the market moves into a post-refi-boom era, loan officers face tough competition for purchase loans. HousingWire recently spoke with William Tessar, president of Civic Financial Services , about the private lending space and how LOs can benefit from serving real estate investors. .

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Real Estate Investors Lending Loan Officers 468

Housing Wire

JUNE 28, 2024

When thinking about improving the efficiency of work that people are doing and that can’t be moved to technology, lenders often focus on allowing those people to focus (there are elaborate solutions, like workflow systems, and simple solutions, like not letting your loan officers instant message your underwriters).

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Lending Mortgage Technology Training 416

Housing Wire

JULY 16, 2021

Glenn Sanford’s eXp World Holdings announced Thursday a mortgage joint venture with Glenn Stearns’s Kind Lending , called Success Lending. The company will be headquartered in Santa Ana, California, Stearns said, home of Kind Lending. The second big mortgage joint venture announcement this week is a meeting of the Glenns.

Mortgage 435

Mortgage Lending Brokerage Agents 435

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending.

Mortgage 370

Mortgage Loan Officers Lending Retail 370

Housing Wire

SEPTEMBER 11, 2023

Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers. Target buyers for Cliffco include non-traditional buyers seeking investor loans. 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

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 418

Appraisal Buzz

SEPTEMBER 25, 2024

The Fed’s initial cut is likely to bring more buyers and sellers to market, potentially opening the inventory floodgates and momentum for price competition. Traditionally, they would would ramp up hiring – more loan officers, processors, and contract underwriting. What will lenders do?

Mortgage 393

Mortgage Loan Officers Technology Contracts 393

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. I would say a vast majority of LOs have woken up to the fact that it won’t get easier,” said Groves, a branch manager at Synergy One Lending and owner of Consolidated Coaching. “I Really struggling.

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Loan Officers Mortgage Buyers Finance 435

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. Doesn’t help the inventory issue, but lower rates for borrowers is always good.” Department of Veterans Affairs averaged 6.12%.

Mortgage 514

Mortgage Clients Loan Officers Lending 514

Housing Wire

FEBRUARY 27, 2023

Insellerate said it created the solution to drive origination volumes in the face of a “constantly changing mortgage market” that is riddled with rising interest rates and low inventory. The new product is fully integrated into loan origination systems, like ICE Technology’s Encompass and MeridianLink.

Loan Officers 397

Loan Officers Retail Lending Inventory 397

Housing Wire

DECEMBER 3, 2021

She joined CNBF after more than a decade with Seacoast Bank , where she served as senior vice president, residential lending production manager. While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand.

Inventory 397

Inventory Loan Officers Clients Mortgage 397

Housing Wire

MARCH 30, 2023

When mortgage rates rose and demand for lower-priced mortgages grew, Kirby saw opportunities in the wholesale lending channel. Nothing in the mortgage industry is easy right now (…) With the broker model, you’ve got so many outlets to send these loans to that it’s really easy to find a home for most borrowers.

Mortgage 418

Mortgage Retail Loan Officers Brokerage 418

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgage 526

Mortgage Marketing Retail Lending 526

Housing Wire

JULY 20, 2023

The mortgage industry continues to rightsize , and On Q Financial is taking it as an opportunity to expand through loan officer recruitment and tapping into its network of homebuilders. New builds are a bright spot in a bleak housing market as buyers seek new builds due to the lack of resale inventory.

Loan Officers 284

Loan Officers Real Estate Brokerage Lending 284

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Housing Market 448

Housing Market Marketing Loan Officers Mortgage 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

SEPTEMBER 18, 2024

Fast forward to post-pandemic, and we have endured interest rate increases, political shifts, inventory shortages, and, in some instances, a significant decrease in revenue and production. I had a Recruiter contact me the other day, and he mentioned to the average loan officer that he has been speaking with an average of 1.6

Mortgage 459

Mortgage Loan Officers Business Tools 459

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. Tozer suggested “a fee of 1.3%

Mortgage 397

Mortgage Loan Officers Government Buyers 397

Housing Wire

JUNE 4, 2021

In April, Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he was seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Marketing 508

Marketing Sellers Finance Loan Officers 508

Housing Wire

MAY 25, 2023

Colonial Savings, a federally chartered thrift founded in 1952, originated $470 million in mortgage loans over the last 12 months, per the mortgage tech platform Modex. However, its monthly production declined by a third during this period when the market faced surging mortgage rates and low inventory levels.

Business 397

Business Mortgage Loan Officers Inventory 397

Housing Wire

APRIL 4, 2022

Founded in 2008, Movement Mortgage focuses on providing loans quickly and easily to homebuyers, with a network of loan officers in more than 775 locations nationwide, and more than 4,500 employees, the company’s website shows. Movement did not respond to multiple requests for comment. Sound familiar?

Supply Chain 476

Supply Chain Mortgage Retail Loan Officers 476

Housing Wire

FEBRUARY 12, 2024

Mortgage applications hit their lowest level since 1996, and lenders were faced with the compounding challenges of dwindling origination volume, soaring home prices, rising interest rates and inadequate housing inventory. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

Mortgage 435

Mortgage Technology Lending Inventory 435

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 is also the matter of efficiency versus increased lending cost.

Lending 418

Lending Investing Loan Officers Design 418

Housing Wire

FEBRUARY 1, 2021

The wholesale mortgage lending division of Rocket Companies has launched a national mortgage broker directory on its website, providing potential leads to mortgage brokers and also poking at its biggest rival, United Wholesale Mortgage , in the process. There are about 14,000 brokerages on the directory, a spokesperson said.

Mortgage 403

Mortgage Loan Officers Advertising Real Estate Agent 403

Housing Wire

JUNE 29, 2022

As mortgage rates rise, inventory remains low and digital trends accelerate, navigating the changing borrower landscape requires tailored strategies. Loan officers must understand what modern millennial and Gen Z homebuyers want from their lenders. As such, personal support is important to this demographic.

Loan Officers 459

Loan Officers Mortgage Modernization Business 459

Appraisal Buzz

JUNE 20, 2024

Tom Reber recently joined Planet Home Lending as area sales manager for North Florida and Southern Georgia. He is renowned for his ability to drive excellence and build strong teams, Planet Home Lending says in a release. Reber is a 30-year mortgage industry veteran, with experience in retail mortgage banking.

Lending 150

Lending Loan Officers Retail Inventory 150

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

DECEMBER 10, 2021

Prior to NEO Home Loans, Mettle served as senior vice president, director of physician lending at Fairway Independent Mortgage Corporation. He also is an author, podcast host and professional mortgage and life coach, helping the industry better understand how Physician Home Loans work.

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Loan Officers Housing Market Mortgage Tools 397

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Appraisal Marketing Real Estate Inventory 370