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How JVM Lending plans to expand without any loan originators

Housing Wire

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

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With 20% market share, independent mortgage brokers are competing directly with retail lenders

Housing Wire

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders. I mean we’re talking up to 30 years,” Nichols said.

Retail 370
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MBA teams with Cleveland State University on mortgage banking education program

Housing Wire

I wanted a way to integrate [students] with these companies to be able to learn about the field and be trained properly to have entry-level jobs, Hoffman said. The announcement also noted that select classes will be led by industry practitioners from MBA member companies, including Success Mortgage Partners , Rocket Mortgage and NFM Lending.

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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief innovation officer at Legend Lending. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc.

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Legend Lending chief innovation officer on digitization and the importance of a human element in lending

Housing Wire

HousingWire reached out to 2019 HW Insiders honoree Jemma Pachiano , chief inspiration officer at Legend Lending. HousingWire: When you were selected for HW Insiders in 2019 you were the National Support and Training Director at Mid America Mortgage. In April of 2022, the retail division of Mid America Mortgage, Inc.

Lending 370
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Union Home Mortgage adds two executive leaders

Housing Wire

Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer. After branching out into executive coaching and training, he founded UHM’s in-house training program, Partners Coaching Partners.

Mortgage 221
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What mortgage lenders need to know about wholesale

Housing Wire

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. HousingWire: What role has wholesale lending historically played in the mortgage ecosystem?

Mortgage 370