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Knock reverses course on loan officer pay cut

Housing Wire

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.

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Revolution Mortgage snags top loanDepot loan officers

Housing Wire

Jorden Brok and Brett Lotsoff are producing area managers and SVPs of mortgage lending at Revolution Mortgage and are tasked with expanding the company’s footprint in the greater Chicago area. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.

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Cornerstone Home Lending to acquire Roscoe State Bank

Housing Wire

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

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NerdWallet enters the mortgage broker world with acquisition of Next Door Lending

Housing Wire

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas.

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Presenting HousingWire’s 2021 Class of Rising Stars

Housing Wire

EVP, Retail Lending. Alterra Home Loans. Senior Loan Officer. Supreme Lending. VP, Lending Support. The post Presenting HousingWire’s 2021 Class of Rising Stars appeared first on HousingWire. Manager, Government & Industry Relations. Genworth Mortgage Insurance. Malte Kramer. Matt Garcia.

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Mastering the narrative: Strategic messaging for loan officers

Housing Wire

Frame challenges as opportunities: Every challenge in the market presents an opportunity for growth. When you provide valuable insights, you position yourself as a trusted advisor, reinforcing their confidence in you. Reframe the narrative to highlight how current market conditions can benefit clients in the long term.

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Why non-QM lending is not going away

Housing Wire

HousingWire recently spoke with John Jeanmonod, Regional Vice President of Sales at Angel Oak, about non-QM lending and the outlook for the second half of 2022. HousingWire: Given the recent news about a few non-QM lenders shutting down, some loan officers might be hesitant about working with non-QM.

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