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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Housing Wire

JANUARY 9, 2024

360), an online regulated training provider, acquired Mortgage Educators and Compliance (MEC), a mortgage lending training company, both companies announced this week. MEC prides itself as a “one-stop online resource for all things mortgage training and education.” 360training.com, Inc.

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Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

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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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Housing Wire

SEPTEMBER 16, 2022

Looking for a quick and easy way to stay up-to-date on mortgage lending news, trends and technology? Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Housing News.

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Housing Wire

JUNE 28, 2024

There are other things that humans still need to do, but the more that companies can make those tasks “lower skill” and easier to train around, the more scalable and nimble the organization can be as the market changes. It is very easy to add steps to a process, and overwhelmingly difficult to subtract them.

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Lending Mortgage Technology Training 414

Housing Wire

FEBRUARY 16, 2024

To take advantage of the shifting market, two key areas that loan originators should be focusing on are “nurturing and cementing relationships with preapproved borrowers,” said Tim Braheem, founder and chief content creator of The Loan Atlas.

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Mortgage Marketing Loan Officers Training 435

Housing Wire

AUGUST 31, 2020

The third type of automation included in Indecomm’s continuum is supervised automation, which involves human oversight for the ongoing training of machine learning algorithms and engines and exception processing to handle fall-outs from any automation effort. That is where supervised automation comes in.”. State of Mortgage Automation.

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Housing Wire

MARCH 27, 2024

The company recently hired reverse mortgage industry veteran Ken Krajewski to serve as its managing director and head of reverse mortgage lending. Business alignment Krajewski most recently served as vice president and head of reverse mortgage lending at University Bank , and he joined US Mortgage earlier this month.

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Business Mortgage Loan Officers Training 459

Housing Wire

JUNE 2, 2022

NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. ” NCRC had previously provided training to Movement Mortgage, at the lender’s request, in 2019.

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Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans.

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Housing Wire

SEPTEMBER 27, 2023

The DOJ alleges that the bank also failed to train and incentivize its staff to market and advertise its mortgage services to compensate for its lack of presence in these areas. Ultimately, other banks received four times more loan applications each year in these minority neighborhoods than Washington Trust.

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Housing Wire

OCTOBER 22, 2020

Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. The analysis may expose training needs for respective production teams. But training and trainers must have content. Run a spreadsheet by LO, branch and region.

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Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We

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Retail Mortgage Loan Officers Marketing 370

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. According to the CFPB, hundreds of loan officers at BofA failed to ask mortgage applicants demographic questions and falsely reported that they had chosen not to respond.”

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Real Estate Agent Real Estate Agents Lending 476

Housing Wire

APRIL 20, 2023

Denver-based brokerage franchise Motto Mortgage , owned by RE/MAX , has accused broker shop UMortgage of “tortious interference” in its contract with a former franchisee called TRB Solutions, whose controlling member was Breon Price, the top-producing loan officer. According to a lawsuit filed in March in a U.S

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Contracts Loan Officers Legal Best Value 397

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. Presented by: Acra Lending. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course.

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Human Resources Loan Officers Retail Training 397

Housing Wire

JANUARY 14, 2022

Non-QM lenders Angel Oak Mortgage , Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. “The area of focus for us right now is hiring LOs,” Lind said.

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Lending Loan Officers Real Estate Mortgage 434

Housing Wire

JUNE 5, 2023

HousingWire recently spoke with Desmond Smith , chief growth officer at United Wholesale Mortgage , about the role that wholesale lending plays in the mortgage ecosystem and common myths and misconceptions about becoming an independent mortgage broker. In fact, in 2022, over 20,000 loan officers joined the wholesale channel.

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Mortgage Retail Lending Loan Officers 370

Housing Wire

JUNE 20, 2024

By investing in comprehensive training programs, clear communication channels, and dedicated support structures, lenders can effectively navigate the complexities of technological integration, minimize resistance to change, drive adoption, and ultimately realize the promised return on their technology investments.

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Technology Loan Officers Tools Investing 447

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 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.)

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Mortgage Loan Officers Retail Training 459

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. It’s the local relationships.

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Mortgage Loan Officers Lending Retail 370

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

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Housing Wire

JUNE 10, 2022

Mortgage lender and servicer Planet Home Lending also named Kathryn Edelen as regional vice president of its sales division this week. Erickson will be in charge of product management, the procurement and advancement of technology solutions and will oversee the training department and support teams for Motto Mortgage and wemlo.

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Marketing Real Estate Agent Lending Real Estate 435

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.”

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Mortgage Loan Officers Tools Lending 370

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

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Lending Law Loan Officers Clients 448

Housing Wire

SEPTEMBER 2, 2020

The company is hiring for positions with multiple experience levels including loan officers, mortgage underwriters and loan processors. Mr. Cooper is also looking for potential Home Advisors, a company curated hybrid role that focuses on servicing customer loans and originating mortgage products.

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Training Loan Officers Development Mortgage 397

Housing Wire

APRIL 12, 2023

None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. Many are curious about buydowns but we are currently operating in what is still a seller’s market so not seeing many seller-funded buydowns,” a loan officer in Boston noted.

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Marketing Mortgage Loan Officers Real Estate Agent 417

Housing Wire

JULY 3, 2024

Like any powerful tool, it is essential to install proper fundamentals such as training, testing, accountability and continuous improvement before implementing. The machine learning model can be supervised, the data used for training can be governed, and results can be tested and even explainable given the appropriate design.

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Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. Who’s got time for that when the fish are jumping into the boat? It’s not a direct revenue center.

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Training Lending Loan Officers Technology 418

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

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Mortgage Loan Officers Lending Human Resources 448

Housing Wire

MAY 25, 2022

Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. .

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Mortgage Loan Officers Retail Training 418

Housing Wire

NOVEMBER 23, 2021

will lay off 77 employees in its Charlotte, North Carolina office come January 2022, a Worker Adjustment and Retraining Notification Act (WARN) notice filed by the company reveals. Among those getting a pink slip are 49 loan officers, 10 national account managers, seven retail sales managers and seven transaction coordinators.

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Mortgage Loan Officers Retail Technology 397

Housing Wire

OCTOBER 31, 2024

In an ever-changing real estate market, loan originator retention is a key challenge for lenders. Loan officers need faster product rollouts and fewer barriers to focus on core tasks. Why is loan officer retention a priority for the company? This transcript has been edited for length and clarity.

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Tools Loan Officers Technology Marketing 447

Housing Wire

JULY 10, 2024

Nearly 64% of the country’s loan officers are white, while only 15% are Hispanic or Latino, highlighting a gap that persists among mortgage professionals of color. Jesus Cruz is Vice President of Community Lending for loanDepot. Companies with diverse teams throughout their organizations excel in serving these communities.

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Real Estate Loan Officers Training Mortgage 448

Housing Wire

OCTOBER 28, 2022

Prior to HOMESTAR, he served as the executive vice president of retail production at AmeriSave Mortgage Corporation and area lending manager roles at Citi. Wendell Couch joined in 2008 and closed over $1 billion in loan production in 2021. Bhandal’s professional career spans more than 20 years in financial services.

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