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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Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). To succeed, companies will need to empower their teams with the tools, training and decision-making authority to help them win share on a loan-by-loan, borrower-by-borrower basis as quickly as possible.

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Housing Wire

SEPTEMBER 16, 2022

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. Loan Officer Leadership. 10 Loans a Month. The Loan Officer Podcast. Housing News.

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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.

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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. “They’re doing the same exact training every single year, ” he said. LOs often lose focus during CE classes, he told HousingWire.

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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?”

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Mortgage Loan Officers Technology Tools 459

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. And finally, there are great tools available that can augment a sales team’s abilities.

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Housing Wire

JULY 30, 2024

“We hold back nothing in providing our professionals with world-class training and ensuring that our unmatched tech and tools are at the heart of that,” Rate CEO Victor Ciardelli said in a statement. “No No one is better armed to launch and deliver on this commitment than Dan.

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Housing Wire

NOVEMBER 21, 2024

Clear retirement tool When asked about his transition from industry professional to customer, Nelson said that it wasn’t too much of a stretch considering that he has always viewed a reverse mortgage as a tool to deploy in later life. Another advantage is that Nelson was very pleased with his own loan officer for a unique reason. “I’m

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Mortgage Loan Officers Tools Lending 370

Housing Wire

JUNE 20, 2024

To fully capitalize on the potential of fintech tools, lenders must recognize that implementation isn’t solely about acquiring new software or hardware—it’s about transforming processes, workflows, and, most importantly, the organizational culture. To combat this, loan officers must be incentivized to embrace innovation.

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Technology Loan Officers Tools Investing 447

Housing Wire

MARCH 28, 2024

It’s amazing how many loan officers miss this, don’t return the call quickly, and lose their race before it’s even underway. This was a crisis for many large Independent mortgage banks that had created fine-tuned systems for refinancing loans and had virtually no trained sales force to prospect for new purchase money business.

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Mortgage Technology Tools Business 488

Housing Wire

JUNE 30, 2022

To further catapult wholesale channel growth, United Wholesale Mortgage (UWM) remains committed to developing proprietary technology and amplifying state-of-the-art training programs for mortgage brokers across the country. “At UWM recently launched an exclusive new marketplace called Boost.

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Mortgage Real Estate Agent Clients Technology 369

Housing Wire

MAY 9, 2024

Varun Krishna, Rocket Companies CEO, sat down with HousingWire CEO Clayton Collins at The Gathering event several weeks ago to talk about the company’s AI strategy and their new AI tool, Synopsis. We’re able to close loans two and a half times faster than the industry. This interview has been edited for length and clarity.

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Housing Wire

MARCH 15, 2023

The AI-powered language tool has been sparking conversations about where and how it can be used to make work more efficient, and the mortgage business is no exception. The tool has been trained on millions of pages of writing dating from 2021 and earlier across the internet. ChatGPT was launched in November 2022 by OpenAI.

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Tools Training Business Development 370

Housing Wire

JULY 3, 2024

Perhaps it is the conversational aspects of ChatGPT and other GenAI-based tools that captured our emotional attention – or, the rapid increase of AI-powered companion apps that are now available, which demand that we project our emotions upon them for the best experience. Then ChatGPT came on the scene. But herein lies that problem.

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Housing Wire

JUNE 5, 2023

As the top mortgage lender, we are always building, growing and improving broker tools on a daily basis. More people are realizing that not only is the wholesale channel the best place for a consumer to get a loan, but it’s also the best place for a loan officer to work and the best lending partner for a real estate agent.

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Mortgage Retail Lending Loan Officers 370

Housing Wire

OCTOBER 22, 2021

Rocket Pro TPO supports broker partners in a number of ways by giving them tools, training, leads and referrals and industry knowledge that may be otherwise difficult for a small brokerage to access. In the midst of this serious housing shortage, brokers need tools to help them provide top-notch service to homebuyers. .

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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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Lending Technology Tools Training 435

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). The goal is to educate loan officers who are already Longbridge partners, as well as loan officers unfamiliar with reverse mortgages, on how big of an opportunity reverse purchase financing presents, especially in the current market.

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Finance Real Estate Agent Real Estate Insurance 482

Housing Wire

JULY 29, 2024

AI is learning all the time, which means it has to be fed and trained on accurate, up-to-date data. Serves as relationship-building tool for servicers. Fraud detection tool Multifamily Utilizes Ai to combat AI-related fraud, including deep fakes, in multifamily operations. Below is a summary of all 12 gen AI proposals.

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Tools Training Tenants Property Management 360

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. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

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Marketing Real Estate Agent Loan Officers Advertising 418

Housing Wire

NOVEMBER 23, 2022

Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As ” Trudy Kelly, senior loan officer at Churchill Mortgage.

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Buyers Marketing Sellers Loan Officers 493

Housing Wire

AUGUST 31, 2022

Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. Precision analytics and easy-to-use solutions that don’t require specialized training are major reasons why lenders choose CreditXpert’s platform.

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Mortgage Clients Loan Officers Finance 370

Housing Wire

AUGUST 7, 2020

If your loan officers don’t have the resources to handle the inbound volume, they may not be able to follow up with every lead, which can lead to lost revenue. Uncovering sales efficiencies is the key to not only closing more loans but also helping to close them faster,” Lyman said. “If Drive internal technology adoption.

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Technology Loan Officers Tools Business 397

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. It just matters that your team is given the tools it needs to stay compliant.

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Housing Wire

JUNE 10, 2022

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. For wemlo, his primary focus is to enhance the existing loan processing platform to improve user experience.

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Marketing Real Estate Agent Lending Real Estate 435

Housing Wire

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Here are a few examples of typical title agency processes generally addressed by staff today, but which soon could be managed efficiently and cost-effectively by AI tools. Things like: “How long until the closing?

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Loan Officers Agents Realtors Clients 397

Housing Wire

JUNE 28, 2024

Structured data sources, automated underwriting tools, and task and workflow-based systems can automate and accelerate many of the functions traditionally performed by human employees. Instead of having to hire (and later, lay off) 100 new people and train them, the business can accommodate demand without artificially bloating its workforce.

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Lending Mortgage Technology Training 414

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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Lending Loan Officers Business Investors 459

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection. Who is eligible to take advantage of them?

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Housing Wire

APRIL 24, 2023

Our proprietary predictive analytics engine has been trained on nearly one billion credit inquiries. A single click allows the loan officer to show them their potential and exactly what it will take to get there. CreditXpert is a data science company. Our artificial intelligence (AI) quickly identifies an applicant’s mid-score.

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Business Loan Officers Training Tools 397

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. In addition to our popular bank statement loans, DSCR loans are also seeing a high demand for those getting into the rehab and rental markets. Yes, we offer training and webinars. We have in-house underwriters.

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Marketing Lending Loan Officers Training 370

Housing Wire

FEBRUARY 15, 2022

Danny Yen, who masterminded a fraudulent continuing education scheme involving hundreds of loan officers, has agreed to settle with state financial regulators for $75,000. The NMLS requires that every LO spends an average of eight hours on an annual basis to recertify their national license.).

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Loan Officers Law Tools Mortgage 370

Appraisal Buzz

JULY 30, 2024

“There’s no industry player bolder than Rate in our commitment to empowering our loan officers to help customers in communities nationwide to achieve home ownership and build generational wealth,” Ciardelli says in a release. No one is better armed to launch and deliver on this commitment than Dan.

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Loan Officers Training Design Tools 195

Housing Wire

DECEMBER 18, 2024

Gratitude is one of the most powerful tools a leader can use to build that environment. For instance, when you thank a loan officer for their diligence, they might express appreciation to the processor who expedited the loan. It costs nothing but has the potential to transform your team, your culture, and your results.

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Training Loan Officers Tools Clients 279

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. Nguyen: I do have a team that works for me and supports me.

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Business Retail Realtors Loan Officers 74

Housing Wire

NOVEMBER 1, 2024

Tyrrell: I was a loan originator. I know what a lot of loan officers do — they know two or three programs really well, and they are going to use those and then stop. But what if loan program No. If you did that and locked them, you could start planning to sell that loan 60 days before. I was an underwriter.

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Technology Investing Lending Loan Officers 397