Housing Wire

OCTOBER 21, 2024

In a high(er) rate environment, non-QM (non-qualified mortgage) lending continues to play an increasingly pivotal role. To explore how Acra Lending has adapted to these shifts, we sat down with Ryan Barrus, a key player in the company’s non-QM division. For some brokers, there can be a short learning curve on their first Non-QM loan.

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Lending Loan Officers Tools Mortgage 435

Housing Wire

APRIL 25, 2023

Tavant , a Silicon Valley-based digital lending solutions provider, is adding a new product called Asset Analysis to its AI-powered digital lending platform, Touchless Lending. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

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Housing Wire

AUGUST 26, 2024

million in 15 funding rounds with 25 investors since its inception in 2012. HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. In 2019, HomeLight acquired Eave , a digital mortgage lending startup.

Real Estate Agent 479

Real Estate Agent Real Estate Loan Officers Tools 479

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.

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Lending Loan Officers Retail Inventory 195

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The post Simplify complex lending processes with powerful analytics appeared first on HousingWire.

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Lending Valuation Clients Tools 436

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The state’s banking commission also charged the firm with violations of the Truth in Lending Act and the Fair Credit Reporting Act.

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Landlords Loan Officers Lending Contracts 450

Housing Wire

DECEMBER 6, 2023

The partnership will boost loan officers ’ capacity to deliver personalized, efficient and tech-powered solutions directly to their clients and agents. Meanwhile, LoanPASS’s flagship products and pricing engine (PPE) automates product and pricing decision-making for all loan products.

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Loan Officers Tools Clients Technology 469

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

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Realty Loan Officers Retail Real Estate 435

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?

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Loan Officers Investors Mortgage Clients 420

Housing Wire

AUGUST 20, 2024

The duo dive into several topics, including Lower’s transformed culture and leadership structure following its acquisitions of Thrive Mortgage and Universal Lending. They also discuss fintech developments for loan officers, recruitment and even the CPO’s favorite hamburger.

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Loan Officers Mortgage Tools Technology 450

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

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Lending Mortgage Technology Business 489

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending. The Regulation Z loan originator compensation rule does not govern this issue.

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Housing Wire

SEPTEMBER 5, 2023

The non-QM demand for loans is very healthy,” Acra Lending CEO Keith Lind said. “We First, Lind said, it is important to note that nearly 50% of non-QM production right now is investor loans. Another plus for non-QM lending has been the volatility in the banking sector. “I billion in 2023, an increase from $2.1

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Marketing Loan Officers Lending Brokerage 419

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

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Lending Loan Officers Business Investors 461

Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

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Loan Officers Tools Business Clients 459

Housing Wire

JANUARY 25, 2024

Connecticut Banking Commissioner Jorge Perez alleged that LoanSnap violated the Truth in Lending Act (TILA) and Fair Credit Reporting Act (FCRA). Also participating in the funding included prior investors Baseline Ventures , Richard Branson’s Virgin Group , and MANTIS , according to the company’s previous release.

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Loan Officers Mortgage Finance Lending 436

Housing Wire

MARCH 28, 2024

of the company and there were no outside investors. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

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Mortgage Brokerage Loan Officers Business 469

Housing Wire

JANUARY 26, 2022

Mortgage Coach provides an interactive borrower education platform that lets loan officers walk borrowers through a visual presentation of their loan options so that the LO becomes a trusted advisor, Co-founder and CEO Dave Savage said. “There should be a relationship beyond the transaction. “The

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Investors Mortgage Investing Loan Officers 388

Housing Wire

SEPTEMBER 11, 2024

CMG Home Loans , the retail lending division of CMG Financial , recently made a key hire in its reverse mortgage division by adding industry veteran Kari Van Kleef as its operations manager. Both are working with loan officers who recently joined us, and they collaborate with all our certified people in the field.

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Mortgage Loan Officers Lending Business 449

Housing Wire

NOVEMBER 14, 2022

Demand from investors is still solid, albeit more guarded. Self-employed borrowers, real estate investors and credit-worthy borrowers who have recovered from credit issues will always be in the market. Another key is that these loans are performing. Tom Hutchens: The non-QM space has evolved quite a bit in the past year.

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Lending Investors Loan Officers Technology 459

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. We are hearing from everyone interested in getting us on board.

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Mortgage Loan Officers Investors Business 436

Housing Wire

OCTOBER 10, 2024

The regulator also charged the company with violations of the Truth in Lending Act and Fair Credit Reporting Act. The firm, which offers “ smart loans ” through artificial intelligence technology, developed a cloud-based portal, LoanFlow , that allows mortgage brokers and loan officers to originate loans anytime, anywhere.

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Mortgage Landlords Loan Officers Legal 419

Housing Wire

JUNE 7, 2024

Its investors included Virgin Group , led by British business magnate Richard Branson; Liquid 2 Ventures , led by former NFL star Joe Montana; and LinkedIn co-founder Reid Hoffman. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Legal Landlords Loan Officers Mortgage 487

Housing Wire

MARCH 14, 2023

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate , and his team, have moved to UMortgage, according to a statement issued on Monday. Together, we’re going to continue to create a better mortgage experience for our clients and referral partners.”

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Loan Officers Retail Brokerage Lending 370

Housing Wire

APRIL 30, 2024

If it finds “a good company,” the lender is willing to pay a premium to the owners, according to Dan Snyder, the fintech’s founder and investor. In November 2023, Lower announced the acquisition of Colorado-based Universal Lending Home Loans , which became a separate division.

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Retail Loan Officers Lending Mortgage 450

Housing Wire

NOVEMBER 25, 2024

Chris Kennedy: Recapture is refinancing the customer into a new loan. A mortgage servicer collects payments from an asset and repays the investor. When a loan is recaptured, it’s refinanced into a new loan. Using servicing data and analytics to recapture these MSRs and new loans is a hugely important function.

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Tools Real Estate Investors Mortgage 368

Housing Wire

SEPTEMBER 11, 2023

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. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals.

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Loan Officers Agents Retail Technology 420

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Loan Officers 489

Loan Officers Lending Real Estate Brokerage 489

Housing Wire

JANUARY 10, 2024

Software development company Blue Sage Solutions has launched a new servicing platform that merges loan origination and servicing functions using API-based technology. Additionally, the platform is accessible to all users, regardless of their current loan origination software.

Retail 449

Retail Lending Design Technology 449

Housing Wire

JANUARY 19, 2023

Tennessee-based mortgage lender Guaranty Home Mortgage Corporation hired Andy Voyles as executive vice president and director of retail lending. After being sold to frequent bank investor Gaylon Lawrence in January 2019, the business name changed to Guaranty Home Mortgage Corporation. Guaranty Home Mortgage originated $68.76

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Retail Mortgage Loan Officers Lending 398

Housing Wire

JUNE 22, 2023

The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage.

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Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

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Loan Officers Training Development Technology 370

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

MAY 19, 2022

If there’s a bet to be made on the future of the non-agency lending space, it’s that the adjustable-rate mortgage (ARM) will become far more popular this year as purchase mortgages increasingly dominate a housing market pivoting to an up-rate environment. There’s a lot of different reasons why someone falls outside the agency loans.

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Loan Officers Lending Mortgage Housing Market 477

Housing Wire

NOVEMBER 2, 2023

Non-QM borrowers such as those who are self-employed and real estate investors are generally less rate sensitive. In fact, a growing focus is the real estate investor population. We also continue to keep our eye on any disruption in the warehouse lending space and see as an area of potential focus headed into 2024.

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Investors Real Estate Lending Loan Officers 476

Housing Wire

APRIL 29, 2024

” Republic collapsed after it failed to raise $75 million in capital from investors and exited the mortgage lending space. billion in 2023, with most of it being conventional (74%) and purchase (65%) loans. The bank had 766 loan officers as of Monday, according to the Nationwide Multistate Licensing System (NMLS).

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Loan Officers Insurance Mortgage Lending 442

Appraisal Buzz

JULY 30, 2024

The Trade-In Mortgage is a loan option that gives borrowers the ability to use their home equity for purchasing another property prior to selling their present one. Homebuyers that present an offer with contingencies find themselves at a disadvantage compared to investors and larger entities who can make all-cash bids.

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Mortgage Loan Officers Investing Buyers 195