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 403

Mortgage Loan Officers Retail Training 403

Housing Wire

JANUARY 27, 2023

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.

Lending 384

Lending Real Estate Agent Loan Officers Retail 384

Housing Wire

JANUARY 10, 2024

Rapidly expanding Cleveland, Ohio-based CrossCountry Mortgage (CCM) has struck a deal to acquire the smaller retail mortgage lender AmCap Home Loans and bolster its operations in Texas. In December, the National Multistate Licensing System (NMLS) showed that AmCap had more than 400 sponsored loan officers while CCM had over 4,000.

Retail 363

Retail Mortgage Loan Officers Training 363

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.

Mortgage 368

Mortgage Loan Officers Retail Technology 368

Housing Wire

MARCH 27, 2024

Forward-reverse divide With the addition of more forward mortgage companies to the space recently, a natural question comes up about what kind of professionals to hire — either dedicated reverse mortgage specialists who know how this kind of transaction works, or forward specialists who can be trained in the particulars of reverse.

Business 401

Business Mortgage Loan Officers Training 401

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 359

Loan Officers Training Business Retail 359

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. I think 99% of the loans that I was writing there were refinances.

Mortgage 338

Mortgage Loan Officers Retail Training 338

Housing Wire

MARCH 15, 2021

In Ishbia’s estimation, these two companies, which both have retail operations, are trying to cut the broker out of the mortgage equation. Rocket is training real estate agents to originate loans, and Fairway is trying to poach loan officers, he claims.

Real Estate Agent 392

Real Estate Agent Loan Officers Retail Training 392

Housing Wire

MAY 25, 2022

The layoffs included closing managers, underwriter managers, processors, post closers, funders, and pipeline management positions who were in the retail channel, employees that were notified of their layoffs told HousingWire. “A Pink slips will arrive for affected employees on May 27 and no later than June 1.

Mortgage 409

Mortgage Loan Officers Retail Training 409

Housing Wire

JUNE 22, 2023

On June 1, Arizona-headquartered retail lender AmeriFirst Financial Inc. 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. relaunched its forward mortgage originations.

Loan Officers 320

Loan Officers Mortgage Real Estate Agent Business 320

Housing Wire

APRIL 24, 2024

I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. If you’re medium-sized, we can help create a referral program for all your loan officers.”

Mortgage 349

Mortgage Loan Officers Training Business 349

Housing Wire

FEBRUARY 15, 2023

You have a lot of flexibility in pricing, flexibility with other broker products, flexibility with marketing under an compliant umbrella,” Steinway said of Revolution Mortgage, which has a hybrid wholesale and retail lender model. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s the local relationships.

Mortgage 334

Mortgage Loan Officers Lending Retail 334

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. The lender originated $2.04

Mortgage 341

Mortgage Loan Officers Retail Training 341

Housing Wire

DECEMBER 20, 2022

I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. CK: Has there been layoffs at Loan Factory as well? Nguyen: I would say more than 100 layoffs at Loan Factory, and many of them also left voluntarily. Most of the signing bonus came from retail lenders.

Business 74

Business Retail Realtors Loan Officers 74

Housing Wire

JUNE 6, 2022

Best known for its distributed retail footprint and its fair amount of business in correspondent and wholesale channels, NewRez/Caliber had 3.7% Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. ” Redfin mortgage: 121 employees.

Mortgage 443

Mortgage Loan Officers Lending Human Resources 443

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. At UWM we focus on our client service, operational efficiency and speed to close loans.

Tools 321

Tools Training Technology Clients 321

Housing Wire

MARCH 24, 2021

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Then you might as well just go work for UWM retail. “My business is not designed to make my competitors like me, especially retail competitors,” he said.

Real Estate Agent 392

Real Estate Agent Retail Real Estate Design 392

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.

Retail 357

Retail Training Lending Mortgage 357

Housing Wire

DECEMBER 1, 2020

Within four years, Akinmade and his team have built a robust, automated marketing platform, which is driven by investment in technology, to give retail loan officers a competitive edge. Paul Akinmade joined CMG Financial in 2016 to lead the expansion of the company’s marketing department ahead of a major staffing initiative.

Loan Officers 224

Loan Officers Retail Training Design 224

Housing Wire

NOVEMBER 2, 2023

Our client development team spends a lot of time at conference forums and in retail branches educating loan officers. The high interest rate environment has created a situation with more brokers wanting training to become experts in non-QM. Deephaven is the teaching university of lenders!

Investors 407

Investors Real Estate Lending Loan Officers 407

Housing Wire

FEBRUARY 8, 2022

“And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”. We will be hiring retail guys that carry our flag through the Excelerate branches, but they’re not only in California,” Yoon added. It was kind of a no brainer, just low-hanging fruit.

Marketing 336

Marketing Retail Lending Loan Officers 336

Housing Wire

DECEMBER 2, 2024

Jesse Allen “Rate offers a comprehensive platform — we’re one of the top-ranked retail lenders in the industry,” Allen said of its forward lending side. He recognized that the company is uniquely suited to become a larger player in the reverse mortgage space.

Retail 305

Retail Lending Loan Officers Training 305

Housing Wire

NOVEMBER 10, 2022

It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. The layoffs impacted both the retail and wholesale channel and their positions following a training period of overseas staff, according to multiple sources. billion in the last 12 months.

Mortgage 358

Mortgage Loan Officers Lending Business 358

Housing Wire

JANUARY 24, 2023

Mortgage compliance attorneys interviewed by HousingWire said the program, dubbed “Control Your Price,” raises potential areas of concern across three subjects: rules that govern loan officers’ compensation; fair lending; and unfair, deceptive and abusive acts and practices.

Lending 335

Lending Law Training Legal 335

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

Construction 148

Construction Loan Officers Training Lending 148

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? Underwriter/risk training – examine whether your staff has sufficient awareness and training on manufactured housing.

Construction 78

Construction Loan Officers Training Lending 78

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 398

Loan Officers Mortgage Lending Real Estate Agent 398

Housing Wire

OCTOBER 30, 2024

A new episode of “The Loan Officer Podcast” aims to teach mortgage originators how to leverage tools and grow their businesses. Lauren Walton: I worked in a retail-type environment. At Chase Bank, I was really able to grasp and become good at guidelines due to the training they would give us.

Development 357

Development Business Loan Officers Retail 357

Housing Wire

NOVEMBER 5, 2024

I remember in 2007 when I told a neighbor I was about to become a loan officer. I had been working at Washington Mutual for a few months when I was offered the opportunity to go into a mentorship under the two top loan officers in the county. New loan officers have very little to no training and very little support.

Loan Officers 325

Loan Officers Clients Realtors Mortgage 325