Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

Banks 361

Banks Loan Officer Loans Lending 361

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023.

Mortgages 399

Mortgages Loan Officer Banks Equity 399

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. Morgan , Bear Stearns , and Lehman Brothers.

Equity 345

Equity Loan Officer Principal Loans 345

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 387

Equity Loan Officer Mortgages Industrial 387

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

Loan Officer 363

Loan Officer Commercial Investor Banks 363

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages 376

Mortgages Loan Officer Banks Lending 376

Housing Wire

SEPTEMBER 27, 2023

Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island. However, the bank denies the allegations.

Banks 411

Banks Lending Loan Officer Equity 411

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer 396

Backup offer Loan Officer Home sale contingency Branding 396

Housing Wire

AUGUST 17, 2023

5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. At a time when refis dried up and loan officers are in desperate need of deals, some loan officers are leaning into buying leads — from companies including Zillow , Realtor.com and Freerateupdate.com.

Mortgages 369

Mortgages Loan Officer Fixed-rate mortgage Loans 369

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Department of Veteran Affairs (V.A.)

Mortgages 379

Mortgages FHA loan Loan Officer Banks 379

Eye on Housing

AUGUST 3, 2022

In the second quarter iteration of the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices, banks reported largely unchanged lending standards across all residential real estate (RRE) loans. Read More ›

Lending 116

Lending Banks Loan Officer Loans 116

Housing Wire

OCTOBER 12, 2023

By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s behavior or financial situation signals they’re a good candidate for a home loan, Total Expert said.

Loan Officer 409

Loan Officer Lending Loans Equity 409

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things.

Industrial 400

Industrial Mortgages Loan Officer Banks 400

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgages 473

Mortgages Lending Banks Residential 473

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). non-Bank financial institutions at Fitch Ratings.

Equity 518

Equity Marketing Loans Bankruptcy 518

Eye on Housing

MAY 10, 2022

In the first quarter of 2022, the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) on Bank Lending Practices showed a significant net share of banks reporting more relaxed lending standards and weaker demand for most categories of residential real estate (RRE) loans.

Banks 128

Banks Loans Loan Officer Lending 128

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Sales 349

Sales Mortgages Loans Loan Officer 349

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Tapping that equity. ” Just a little less vanilla.

Mortgages 397

Mortgages Equity Loans Seller concession 397

Housing Wire

SEPTEMBER 28, 2022

The executive was most recently chief executive officer at mortgage marketing firm Volly. He also had a stint as chief information officer of mortgage and home equity lending at Bank of America. . Its total loan acquisitions and originations came in at $26.7 in 2021, compared to 2.3%

Mortgages 364

Mortgages Loan Officer Lending Equity 364

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgages 384

Mortgages Loan Officer Loans Equity 384

Realty Biz

SEPTEMBER 19, 2023

NON-QM mortgage loans open up opportunities for a wider range of borrowers to achieve their homeownership and investment objectives. For the past six years, Stratton Equities has been at the forefront as the nation's top private money and NON-QM mortgage lender, setting the pace for other companies to follow.

Equity 84

Equity Mortgages Lending Loans 84

Housing Wire

JUNE 22, 2022

UWM’s price-matching guarantee included competitors such as Amerisave, Amwest Funding , NewRez/Caliber Home Loans , Cardinal Financial, Carrington Mortgage Services , Citizen Bank/Franklin American , CMG , Equity Prime Mortgage , Finance of America Mortgage , Flagstar Bank , Freedom Mortgage Corp.,

Loans 432

Loans Loan Officer Banks Mortgages 432

Housing Wire

SEPTEMBER 7, 2023

Pro-competitive, pro-consumer local MLS broker marketplaces ensure equity, efficiency, transparency and market-driven pricing options for home buyers and sellers,” Mantill Williams, NAR’s vice president of communications, wrote in an email to HousingWire. Bank Home Mortgage and Planet Home Lending declined to comment.

Agents 394

Agents Loan Officer Lending MLS 394

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. In Green Bay, Wisconsin, Jim Cullen of University Bank reports a similar trend. But for me, I do a lot of [Home Equity Conversion Mortgage (HECM)] for Purchase.

Mortgages 405

Mortgages Principal Loans Loan Officer 405

Housing Wire

MARCH 29, 2024

Anna Frankowska was recognized in 2017 as one of Forbes’ “ 30 Under 30 ” in Europe, having studied economics in London before moving to work in investment banking. I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more.

Mortgages 426

Mortgages Finance Loan Officer Equity 426

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands.

Lending 374

Lending Loan Officer Finance Loans 374

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Kortas controls the company, bank accounts, and profit distributions.

Loan Officer 377

Loan Officer Brokerage Mortgages Loans 377

Housing Wire

SEPTEMBER 1, 2022

If you were the lender that provided the customer’s last loan, you’re usually out. You wouldn’t know the customer needs credit unless they literally told a loan officer or applied on your website. The Realtor then refers to lenders they trust. When they want to know how much house they can afford, they start shopping lenders.

Equity 310

Equity Loan Officer MLS Loans 310

Housing Wire

AUGUST 13, 2021

Today it’s over 70% at big banks, and between 95% to 99% for top producers. Most loan officers lose 70% of their past customers because they don’t have the process or tools to manage the relationship forward. However, the real threat right now is in the emerging banking-as-a-service. Tech becomes fintech.

Loan Officer 450

Loan Officer Technology Loans Mortgages 450

Housing Wire

MARCH 20, 2024

“I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space.

Development 421

Development Industrial Mortgages Loans 421

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

Lending 356

Lending Technology Loan Officer Equity 356

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 122

Loans Loan Officer Commercial Lending 122

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 will be providing severance and career counseling, and helping affected employees identify other positions within the bank.

Mortgages 421

Mortgages Loan Officer Lending Loans 421

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

Investor 310

Investor Sales Mortgages Loan Officer 310

Housing Wire

APRIL 25, 2022

It has about 350 loan officers and roughly 100 retail branches. . In 2019, CrossCountry acquired bemortgage , founded in 2017 as a division of Bridgeview Bank Group, and PERL Mortgage, a lender founded in 1994 that had 60 branches spread across 18 states, according to the Nationwide Multistate Licensing System & Registry. .

Purchase and sale agreement 384

Purchase and sale agreement Loan Officer Loans Mortgages 384

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 101

Equity Finance Loans Closing costs 101