Housing Wire

APRIL 23, 2024

“We believe adding 3D digital twins for Homes.com will increase the leads we deliver, increase customer satisfaction, increase renewal rates, increase sales and increase site traffic further.” In the first quarter, the sales team for Homes.com generated nearly $40 million in net new bookings.

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Sales Residential Branding Brokerage 411

Housing Wire

MARCH 21, 2024

Planet Home Lending hired Matt Kingsborough as regional sales manager, the Connecticut-based lender, servicer and asset manager announced Thursday. It’s an opportunity to align with an organization that not only values excellence and innovation in mortgage lending but also deeply invests in the growth and success of its sales professionals.

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Lending Sales Commercial Loans 420

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. But higher rates can impact gain-on-sale margins and production forecasts.

As-is 458

As-is Industrial Mortgages Loans 458

Housing Wire

FEBRUARY 23, 2023

When people think about the title insurance industry , what comes to mind is often its core products – title insurance policies that protect property rights of homeowners and lenders. As an industry, our commitment to protection goes beyond title insurance policies. As an industry, we united against these unfair fee agreements.

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Title Industrial Purchase and sale agreement Title search 450

Housing Wire

FEBRUARY 24, 2023

It is crunch time in the housing industry. Whether you’ve been affected by industry layoffs or you’re future-proofing your career, applying for new positions and interviewing can be daunting. Proptech companies could hire sales associates to sell their products in the B2B space.

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Industrial Loan Officer Loans Branding 384

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

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Industrial MLS FHA loan Agents 421

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader.

Sales 420

Sales Loan Officer Principal Loans 420

Housing Wire

APRIL 4, 2024

Ryan Serhant — the acclaimed real estate broker, media personality and serial entrepreneur — is moving beyond his career in real estate to delve into the broader arena of sales. Serhant has teamed up with former NBC News producer Kyle Scott to unveil SellIt, a sales training platform tailored for all types of entrepreneurs.

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Housing Wire

NOVEMBER 1, 2022

The goal is to help drum up business for lenders during an extremely challenging time in the industry. . This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Industrial 432

Industrial Mortgages Loan Officer Loans 432

Housing Wire

FEBRUARY 13, 2024

TRAiNED named Mark Cunningham, a co-founder of Sales Boomerang , as its new CEO. It also hired Arend de Jong , co-founder and former chief financial officer of Sales Boomerang, as CFO, the company announced. He was named a 2021 HW Insider after Sales Boomerang debuted in the top 5% of the Inc. Mortgage tech firm TRAiNED Inc.

Sales 421

Sales Mortgages Title Loans 421

Housing Wire

OCTOBER 12, 2023

As existing-home sales continue to slide and mortgage rates rise ever higher, all but eliminating any hope for refinance transactions, the title insurance industry is doubling down on technology. At the forefront, is artificial intelligence , or AI.

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Title Industrial Land Technology 410

Housing Wire

NOVEMBER 2, 2023

Intercontinental Exchange (ICE) Mortgage Technology reported an adjusted operating income of $131 million in the third quarter of 2023, up from Q3 2022’s $126 million — despite the headwinds the mortgage industry is facing. ICE expects to have its second-best year for MSP sales since 2017. billion,” Gardiner said.

Industrial 315

Industrial Mortgages Technology Loan Officer 315

Housing Wire

SEPTEMBER 11, 2023

Proptech firm Flyhomes has entered into an agreement to purchase Innovative Holdings, LLC’s “buy before you sell” platform Home Sale Assured. Founded in 2022 by Eric Meadow, Home Sale Assured produces a “Guaranteed Backup” options contract, which enables existing homeowners to buy their next home before closing the sale of their current home.

Debt-to-income ratio 410

Debt-to-income ratio Sales Purchase and sale agreement Loans 410

Housing Wire

NOVEMBER 13, 2023

Ron Frasier, a title industry veteran and CEO of title startup Atlas Title , has been watching the commission lawsuit saga closely. “If They will have to get on that listing side of things, which will be much harder as it is an earlier point of sale, as no one has even looked at buying the house yet.”

Title 421

Title Industrial Purchase and sale agreement Agents 421

Housing Wire

NOVEMBER 27, 2023

Mortgage rates have pulled back in recent weeks giving consumers and loan originators some breathing room, but headwinds in the industry are far from over. The industry would need to see a more persistent mortgage rate decline to near 6% for a more meaningful pickup in prepayment speeds, the note said.

Industrial 421

Industrial Mortgages Loans Banks 421

Housing Wire

JANUARY 20, 2023

An industry downturn is when leaders find out the real capabilities of the companies they have built. It’s easy to show a profit when sales are high, but when the tide rolls out the dangerous rocks appear. As the market contracts, experienced title agency executives can feel the shift and know exactly what it means.

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Title Industrial Technology As-is 410

Housing Wire

JANUARY 10, 2024

It relies on examinations of agents’ sales for five major real estate firms in each of four geographic areas; out of a sample of 2,000 agents, 100 were selected randomly from each firm in each area. To Brobeck, the fact that so many agents rely on residential sales for occasional, marginal or supplemental income is a problem.

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Agents Sales Residential Commercial 432

Housing Wire

NOVEMBER 18, 2022

A combination of elevated mortgage rates, sluggish home sales and inflation continue to plague the housing market workforce, with numerous mortgage lenders and real estate startups shedding employees. These trends have exacerbated industry overcapacity, leading to continual layoffs. And don’t expect the layoffs to stop anytime soon.

Industrial 421

Industrial Loan Officer Loans Lending 421

Housing Wire

JUNE 16, 2022

Fannie Mae lowered its projections of mortgage originations and home sales for 2022 as mortgage rates continue to climb. Total home sales are expected to fall 13.5% Existing home sales dropped 2.4% The post Fannie Mae cuts 2022 industry forecast (again) appeared first on HousingWire. trillion in 2022 and $2.2

Industrial 397

Industrial Mortgages Sales Loans 397

Housing Wire

APRIL 5, 2024

Overall, there will be more home sales in 2024 than there were last year but the timing is uncertain,” Sturtevant said. March home sales look to be tracking below last year’s levels even as inventory is starting to increase.

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Industrial Mortgages Construction MLS 356

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. I think the fear always exists in our heads, being in the sales game you try to project positivity, but of course there is fear,” Janvekar said. In 2020, hiring in the mortgage industry surged.

Industrial 441

Industrial Loan Officer Loans Mortgages 441

Housing Wire

MAY 18, 2023

Existing home sales declined yet again in April, according to a report from the National Association of Realtors (NAR), released Thursday. monthly increase in February , existing home sales were back down again in March , a trend that continued into April, with existing home sales posting a 3.4% to a sales pace of 770,000 homes.

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Sales Mortgages Marketing As-is 397

Housing Wire

DECEMBER 9, 2022

With only three weeks until 2023 arrives, housing industry executives are adjusting their operations to face what is expected to be another challenging year. . Against the backdrop of this challenging economic and housing environment, companies in the housing industry continued to restructure and cut workforce to better position themselves.

Industrial 397

Industrial Residential Mortgages Investor 397

Housing Wire

SEPTEMBER 15, 2023

A mortgage industry veteran with over three decades of experience, Saso was previously a divisional sales manager at Nations Lending. In his role as chief production officer, Saso will be responsible for overseeing sales on a national level.

Sales 421

Sales Mortgages Lending Residential 421

Housing Wire

SEPTEMBER 26, 2023

Mortgage Machine Services , a digital origination technology provider, has appointed Dan McGrew as director of sales. ” Prior to this role, McGrew was the chief operating officer and senior vice president of sales at Pavaso , a full-service eClosing platform. . He also spent six years as the president of IT Services , a U.S.-based

Sales 410

Sales Mortgages Technology Lending 410

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 421

Sales Mortgages Loan Officer Loans 421

Housing Wire

JUNE 8, 2023

The title insurance industry is on the front lines in a never-ending war with the fraudsters. As the industry has gotten better at combatting wire fraud and even the more recent seller impersonation fraud , criminals looking for larger paydays have turned to mortgage payoffs. Can you afford to lose a million dollars?

Title 369

Title Industrial Banks Technology 369

Housing Wire

FEBRUARY 11, 2022

Joel Kan, associate vice president of economic and industry forecasting, at the Mortgage Bankers Association said rates could head even higher in 2022. “If Few industries are as impacted by market fluctuations as housing. The post Mortgage rates blow past industry predictions appeared first on HousingWire.

Industrial 384

Industrial Mortgages Fixed-rate mortgage Equity 384

Housing Wire

DECEMBER 2, 2020

Prior to 2020, the mantra around the mortgage industry going back to 2016 was that launching a new “digital experience” was the equivalent to table stakes in poker. The message was clear: if you weren’t already invested in new digital mortgage experience, then your competition already beat you to the sale.

Industrial 409

Industrial Mortgages Lending Technology 409

Housing Wire

JULY 19, 2022

We interviewed more than 25 mortgage industry experts to gather the best insights, strategies, and recommendations to pivot and win in today’s market. Notable trends in a new era of sales. The post State of the mortgage industry half-time report appeared first on HousingWire. Millennials make up 44% of home purchases today.

Industrial 421

Industrial Mortgages Loan Officer Technology 421

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. A unified name has not yet been determined and Sales Boomerang and Mortgage Coach will continue to operate as distinct brands, for now, the companies said.

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Sales Mortgages Loan Officer Principal 397

Housing Wire

NOVEMBER 2, 2022

And with Fed rates expected to rise even further, industry experts and economists don’t expect mortgage rates to stabilize for at least another year. Existing home sales declined for the eight consecutive months in September, dropping to 4.71 million units from 6.18 million in September 2021.

Industrial 410

Industrial Mortgages Fixed-rate mortgage Principal 410

Housing Wire

DECEMBER 17, 2021

As we approach 2022, some concerning headwinds confront the mortgage origination industry. Perhaps it would be a more prudent play to use coworking spaces before signing a long-term lease, as you assess whether a new branch or sales office is likely to be profitable. Opportunity awaits.

Industrial 410

Industrial Mortgages Development Loans 410

Housing Wire

OCTOBER 31, 2022

“The increased M&A activity to-date has been fueled primarily by two factors: 1) pent-up demand for retirement by aged owners who achieved lifetime net worth objectives, and 2) the current industry challenges with more storm clouds on the horizon,” David Hrobon, principal at Stratmor wrote in its October Insights Report.

Industrial 384

Industrial Mortgages Principal Loans 384

Housing Wire

MARCH 22, 2023

Mortgage rates, which climbed upward one day and went down the next in the wake of the recent wave of bank failures, will continue to be volatile before it stabilizes, industry watchers said. The recent drop in mortgage rates fueled existing home sales, which rose for the first time in a year. Median prices were down 12.3%

Industrial 397

Industrial Mortgages Purchase and sale agreement Banks 397

Housing Wire

NOVEMBER 30, 2020

pending home sales fell 1.1% According to Joel Kan, the Mortgage Bankers Associations assistant vice president of economic and industry forecasting, that robust year-over-year improvement in activity is a sign the market will continue to see sustained demand for housing through the end of 2020. compared to a year ago. but remained 19.6%

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Sales Development Equity Land 534

Housing Wire

MARCH 21, 2023

After 12 months of declines , existing home sales rebounded in February, climbing 14.5% However, existing home sales were still down 22.6% Moreover, we’re seeing stronger sales gains in areas where home prices are decreasing and the local economies are adding jobs.” months of supply at the current sales pace.

Sales 384

Sales MLS Mortgages Marketing 384