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. LenderPulse requests surveys from 24,000 mortgage professionals across the country on market trends and lender opportunities and challenges. Of the 155 completed surveys, 32.3%

Marketing 417

Marketing Mortgage Loan Officers Real Estate Agent 417

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

Buyers 493

Buyers Marketing Sellers Loan Officers 493

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. The post As the market shifts to purchase, LOs get creative appeared first on HousingWire.

Marketing 418

Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

SEPTEMBER 16, 2022

Mortgage Marketing Radio. Mortgage Marketing Radio is a weekly podcast, hosted by Geoff Zimpfer, that covers “truth in mortgage marketing,” with interviews with top producers. Loan Officer Freedom. Mortgage Marketing Expert. Loan Officer Leadership. The Loan Officer Podcast.

Loan Officers 435

Loan Officers Mortgage Lending Modernization 435

Housing Wire

OCTOBER 1, 2024

This shift is welcomed good news given the tough origination market over the last two years. With purchase originations recovering and a refinance market surfacing, lenders must pick up their quality control (QC) and quality assurance (QA) practices before it’s too late. One critical shift is the adoption of pre-funding QC reviews.

Marketing 430

Marketing Training Technology Loan Officers 430

Housing Wire

MAY 4, 2022

LoanSnap has unveiled a cloud-based portal called LoanFLow that will allow licensed brokers and loan officers in the U.S. The company says its new LoanFlow portal will allow originators to close loans in as little as 24 hours and in 15 days on average, the company said. to originate mortgages anywhere at any time.

Loan Officers 396

Loan Officers Technology Tools Training 396

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. But any market that pushes some businesses to the brink of insolvency also will create opportunities for others. The last two years have been good to Christian Dicker. The culling.

Housing Market 468

Housing Market Marketing Brokerage Real Estate 468

Housing Wire

FEBRUARY 20, 2024

Today, a mortgage lender must have scalability in its operation, an ability to pivot quickly to meet changing market conditions and client needs, a well-designed technology stack and, above all, a keen sense of what its customers and the marketplace truly want from them.

Loan Officers 435

Loan Officers Technology Lending Tools 435

Housing Wire

AUGUST 8, 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. What would you say to those loan officers? HW: What strategies can loan officers employ to win with non-QM in the second half of 2022? Get back to basics to find it.

Lending 397

Lending Loan Officers Training Investors 397

Housing Wire

JUNE 10, 2022

Lenders and mortgage tech companies have been cutting costs in the down market , but some firms have hired new executives who they hope will provide better strategies to navigate the shrinking loan origination market. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

Marketing 435

Marketing Real Estate Agent Lending Real Estate 435

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

Retail 370

Retail Mortgage Loan Officers Marketing 370

Housing Wire

APRIL 16, 2024

In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

OCTOBER 22, 2020

Frankly, what will be left in the refi market will likely be harder credit quality transactions that a hungry mortgage origination industry will turn to as volumes drop. Here are some expectations and recommendations: First , the refi/purchase mix should be carefully evaluated down to the loan officer level. Conclusions ?

Mortgage 497

Mortgage Training Contracts Loan Officers 497

Housing Wire

APRIL 24, 2024

Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. After I transitioned into wholesale marketing, we had very few resources. I knew the first thing we needed to do was to combine our training and marketing approach,” he said.

Mortgage 445

Mortgage Loan Officers Training Business 445

Housing Wire

APRIL 1, 2024

I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Parks has overseen other changes in the division, including growth of its third-party associate channel that works alongside Longbridge’s loan officer corps.

Loan Officers 447

Loan Officers Training Business Retail 447

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Today’s market includes mortgage rates of above 6%, low inventory and elevated home prices, all contributing to affordability problems. last year.

Loan Officers 418

Loan Officers Real Estate Agent Real Estate Finance 418

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.

Mortgage 418

Mortgage Training Loan Officers Lending 418

Housing Wire

SEPTEMBER 14, 2023

So there’s this assumption that ChatGPT is cute, it’s nice — it’s helpful for a marketing team. How much training did that take versus the training to have an experienced underwriter? SW: How do people in the mortgage industry react when you talk about manufacturing loans like this? But high value?

Loan Officers 435

Loan Officers Technology Mortgage Training 435

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. We’ve been hiring, training and developing our people. We’re overstaffed by design, and we never let sales get ahead of operations.”

Mortgage 459

Mortgage Loan Officers Retail Training 459

Housing Wire

JANUARY 10, 2023

Not every loan officer that wanted to join APM was hired, however. The focus was on high-producing and profitable branches — and the loan officers who were part of those branches were brought over, Lowman explained. . “We We are definitely focused on increasing market share and volume,” Lowman said.

Loan Officers 397

Loan Officers Mortgage Training Finance 397

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 476

Mortgage Loan Officers Inventory Business 476

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. Interfirst is a mortgage business founded in 2001 by Dmitry Godin that has been harmed before by market downturns. Six months ago Interfirst Mortgage Co.

Human Resources 397

Human Resources Loan Officers Retail Training 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. Diego Sanchez: Optimal Blue is the leading Capital markets platform in terms of market share. Give them more control.

Tools 447

Tools Loan Officers Technology Marketing 447

Housing Wire

JUNE 22, 2023

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. “In today’s market, as soon as you pull credit, there are 30 companies buying trigger leads that are calling and undercutting you (…).

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

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

MAY 6, 2022

HousingWire recently spoke with John Keratsis, President and CEO of Deephaven Mortgage, about the potential benefits of non-QM lending in today’s tight housing market. HousingWire: In today’s tight market, margin compression is impacting countless mortgage companies. You also have a mortgage market shrinking from $4.1

Marketing 370

Marketing Lending Loan Officers Training 370

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 418

Lending Real Estate Agent Loan Officers Retail 418

Housing Wire

OCTOBER 10, 2022

Ohio-based mortgage lender Lower imposed a round of layoffs last week due to market conditions, affecting 6% of its workforce, according to a spokesperson for the company. The Fed has increased the federal funds rate by 300 basis points so far this year to control surging inflation, resulting in a “ reset” of the mortgage market.

Retail 418

Retail Loan Officers Modernization Training 418

Housing Wire

FEBRUARY 24, 2023

If you are starting the job hunt and want to spin your housing industry experiences into your next ideal role, try these tactics for marketing yourself as the ideal candidate. SaaS companies may also be in the market for sales professionals. That vast experience could be just what a rookie agent or loan officer needs.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Training 397

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?”

Mortgage 459

Mortgage Loan Officers Technology Tools 459

Housing Wire

DECEMBER 9, 2022

Margin compression, higher mortgage rates, and a purchase-focused market are dictating more sales process control among loan officers and fewer layers of bureaucracy in retail lenders. The lender has broker products, including non-QMs and jumbo loans, he added. The lender originated a volume of $1.8 he asked. “It

Retail 435

Retail Mortgage Real Estate Agent Loan Officers 435

Housing Wire

DECEMBER 16, 2021

The historically low interest rates that led to a boom in refinances in 2012 had ended, and Interfirst struggled to maintain volumes in following years as the market turned to purchase. Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels.

Mortgage 370

Mortgage Loan Officers Retail Training 370

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. . billion this year.

Mortgage 418

Mortgage Loan Officers Retail Training 418

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.

Advertising 459

Advertising Loan Officers Lending Training 459

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Consumers who are introduced to the HECM for Purchase loan option are often skeptical at best, with many thinking it’s too good to be true.

Finance 482

Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

JANUARY 25, 2023

Chevalier’s former team of 55 employees – including loan originators, LO assistants, branch, sales and marketing managers – originated $1.8 billion in sales volume in 2021, becoming the most profitable team for loanDepot with the most loan closing volume, units and revenue, according to Chevalier. he said in December. “It

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

AUGUST 1, 2023

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370