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

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

Loan Officers 418

Loan Officers Mortgage Finance Clients 418

Housing Wire

JULY 7, 2022

With a rapid spike in interest rates, inventory at historic lows, home prices rising at unprecedented levels above income, and a purchase market that is both highly anxious and digitally reliant, mortgage and real estate professionals must be strategic to capture the market opportunity today. Inventory rising, historically low.

Inventory 418

Inventory Marketing Mortgage Supply Chain 418

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. The inventory put a cap on how much business Marquis’ team can do, which is one of the reasons why Marquis is now licensed in 22 states. In our market here in Boston, we have incredibly low inventory.

Inventory 418

Inventory Marketing Business Buyers 418

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.

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

JANUARY 11, 2024

Clients of FinLocker include loan officers, mortgage lenders, servicers, banks and credit unions. In a tough market of lack of inventory , high interest rates and elevated housing prices , it has become increasingly important that a loan officer is able to get up the funnel earlier in a consumers’ journey towards homeownership.

Investing 468

Investing Loan Officers Technology Inventory 468

Housing Wire

MARCH 31, 2022

And several loan officers who spoke to HousingWire this week said they had clients lock rates in the 5.1% The problem, of course, is inventory. National inventory of active listings declined by 18.9% The inventory of active listings was down 62.3% In large metros, median listing prices grew by 9.1%

Supply Chain 518

Supply Chain Mortgage Inventory Loan Officers 518

Housing Wire

OCTOBER 17, 2023

It will also serve loan officers on-the-go with a mobile application, Nima Ghamsari, C.E.O The mortgage market is grappling with the effects of high interest rates, home affordability, and low inventory, so reducing costs is top of mind for everyone,” Ghamsari said in a prepared statement. “The of Blend told HousingWire. “The

Retail 468

Retail Loan Officers Inventory Mortgage 468

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. There’s still plenty of money and demand emanating from New York City and Philadelphia and very little inventory. I mean very little inventory. In May 2020, it was $425,000.

Marketing 397

Marketing Loan Officers Inventory Real Estate Agent 397

Housing Wire

MAY 6, 2024

“AnnieMac has become innovative and creative in their solutions for the industry-wide conundrums of inventory shortages, affordability, and margin compression,” Aubourg said in a statement. “We 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 441

Mortgage Loan Officers Retail Clients 441

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

MARCH 20, 2024

In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers, compared to more than 4,000 at CCM. The product, offered through an affiliated NAF company, allows homebuyers to make cash offers, which makes them more competitive amid low inventory levels.

Mortgage 459

Mortgage Loan Officers Inventory Finance 459

Housing Wire

MAY 26, 2022

With the current housing inventory crunch and rising rates slowing refi volume, lenders are finding themselves in a much different position than this time last year. We do all sorts of analysis on each of our loan officers’ databases to provide them wonderful timely opportunities.”.

Loan Officers 418

Loan Officers Finance Technology Insurance 418

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 459

Business Mortgage Loan Officers Inventory 459

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

MARCH 5, 2025

I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.

Loan Officers 435

Loan Officers Clients Business Technology 435

Housing Wire

JUNE 20, 2024

The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling.

Lending 448

Lending Loan Officers Real Estate Agent Real Estate 448

Housing Wire

MAY 20, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. There is tight inventory, prices soaring, and multiple bids on everything.” Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets.

Housing Market 435

Housing Market Marketing Real Estate Agent Loan Officers 435

Housing Wire

NOVEMBER 8, 2024

With Q4 in full swing, many realtors are seeing buyers and sellers paralyzed by high interest rates and stagnant inventories. Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action.

Realtors 370

Realtors Marketing Loan Officers Sellers 370

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues.

Mortgage 418

Mortgage Loan Officers Inventory Buyers 418

Housing Wire

MAY 22, 2024

The inventory is so low, so people are wanting to figure out how they can move into a home.” On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve We’ve actually received quite a few referrals from our forward loan officers that have turned into purchase transactions,” she said.

Mortgage 458

Mortgage Loan Officers Lending Business 458

Housing Wire

DECEMBER 3, 2021

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. We know refinance volumes will dry up due to rising rates, borrowers not exiting their homes due to the reduced inventories.

Inventory 397

Inventory Loan Officers Clients Mortgage 397

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. The bottom for 2022 was 240,194.

Mortgage 418

Mortgage Loan Officers New Listings Government 418

Housing Wire

SEPTEMBER 22, 2022

Where ‘inventory’ was the big concern in 2021 and early 2022, the concern today is ‘affordability,’ with the combination of substantial price increases and rising rates simply pricing more and more Americans out of the market,” Green said. According to the NAR, there were 1.28

Mortgage 448

Mortgage Loan Officers Buyers Inventory 448

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. This harms inventory as homeowners are reluctant to let go of their low mortgages. One LO said he quoted an FHA borrower at 5.7%.

Mortgage 501

Mortgage New Listings Loan Officers Inventory 501

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

MAY 25, 2021

The anemic housing inventory , however, still poses a problem for any potential homebuyers who aren’t prepared to pay well over the asking price. Loan officers, too, sometimes have reservations about government-financed loans. The bill looks to ease access to homeownership by lowering the upfront cost to borrowers.

Finance 493

Finance Insurance Loan Officers Government 493

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. The importance for loan officers being able to have more exploratory conversations with every lead has become crucial as the cost to borrow mortgages aren’t expected to get lower any time soon with the Federal Reserve expected to keep interest rates higher for longer.

Loan Officers 435

Loan Officers Mortgage Buyers Finance 435

Housing Wire

NOVEMBER 3, 2021

Joel Mellman, senior vice-president and mortgage business leader at TransUnion, said the expectation is that home purchases continue to outpace refis, as demand for homes stays strong and inventory gradually improves.

Mortgage 418

Mortgage Loan Officers Inventory Housing Market 418

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

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

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. It’s a two-story housing market in Southern California,” Cohen said. Cohen funded $751.4

Marketing 397

Marketing Mortgage Inventory Loan Officers 397

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

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

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

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