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. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgages 321

Mortgages Loan Officer Principal Loans 321

Housing Wire

MAY 23, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Pennymac reported a pretax income of $234.5

Loan Officer 393

Loan Officer Loans Principal Mortgages 393

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 355

Agents Loan Officer Principal Brokerage 355

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. Running the numbers for people illuminated terms that revealed either zero or not enough benefit based on rates and principal limit factors, but that has slowly started to shift.

Mortgages 368

Mortgages Principal Loans Loan Officer 368

Housing Wire

MARCH 24, 2022

Loan officers on Thursday told HousingWire that rate locks on 30-year fixed-rate mortgages were coming in around 4.75%, about 30 basis points higher than what Freddie Mac’s weekly PMMS report found.

FHA loan 505

FHA loan Fixed-rate mortgage Loan Officer Principal 505

Housing Wire

MAY 10, 2022

billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. The broker channel continues to grow: 35,000 unique loan officers submitted loans to UWM in 2021, and we think we will have more unique loan officers submitting to us in 2022.”. “The

Mortgages 379

Mortgages Loan Officer Loans Principal 379

Housing Wire

FEBRUARY 15, 2023

TrustEngine says its platform drives increased loan applications, customer loyalty and team performance by collecting, enhancing and analyzing borrower data; suggesting actionable borrower opportunities; pacing opportunity delivery; and guiding borrower and loan officer interactions that result in conversions.

Sales 316

Sales Mortgages Loans Loan Officer 316

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. Demetria McCain, HUD’s principal deputy assistant secretary for fair housing and equal opportunity, said it is “imperative” that lenders comply with fair housing laws.

Mortgages 366

Mortgages Loan Officer Lending Principal 366

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 423

Finance Seller concession Loan Officer Loans 423

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

FHA loan 366

FHA loan Mortgages Loan Officer VA loan 366

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. Six months ago Interfirst Mortgage Co. Interfirst boasted of its ability to train people with no background in mortgage through a rigorous training course.

Loan Officer 352

Loan Officer Principal Loans Mortgages 352

Housing Wire

JUNE 28, 2022

In January, Sam Ryder, principal at LLR Partners, cited the companies’ solutions products as the reason for the capital investment. The lenders can then offer “the right loan to borrowers at the right time,” Alex Kutsishin, the former CEO of Sales Boomerang, said in January.

Sales 374

Sales Mortgages Loan Officer Principal 374

Housing Wire

MAY 25, 2021

Mortgages would be subject to FHA loan limits. percent of the principal, which could be financed, and would not pay a monthly insurance premium. The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs.

FHA loan 464

FHA loan VA loan Loans Loan Officer 464

Housing Wire

MAY 26, 2022

Homepoint’s jumbo ARMs have a seven- or 10-year fixed-rate period and the loan adjusts every six months, according to Homepoint. Credit Union of Southern California’ s interest-only ARMs, in which the borrower delays paying down any principal for a period of time, are now available as purchase or refinance loans.

Loan Officer 386

Loan Officer Loans Principal Mortgages 386

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2

Mortgages 404

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 404

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. “And

Development 391

Development Industrial Mortgages Loans 391

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

JUNE 11, 2021

At the Mortgage Bankers Association ‘s spring virtual conference, speakers warned that narrowing profit margins could make for some difficult conversations between executives and loan officers. Lenders need to prepare for margin compression “because it’s likely to be significantly worse” than 2018, McAuley said.

Loan Officer 416

Loan Officer Principal Loans Mortgages 416

Housing Wire

NOVEMBER 7, 2023

We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. “We It placed No. 63 among the 500 best brokerages by volume. “We

Mortgages 401

Mortgages Principal Brokerage Lending 401

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 341

Loan Officer Loans Mortgages Principal 341

Housing Wire

FEBRUARY 1, 2022

Purchase loans grew 39% last year to $39 billion, with the number of retail loan officers up by 18%. billion in unpaid principal balance. The company recently announced it is bringing the servicing of FHA, VA and USDA funded Ginnie Mae loans in-house. The company achieved a market share of 3.4%

Loans 369

Loans Loan Officer Principal Sales 369

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgages 286

Mortgages Investor Loan Officer Loans 286

Housing Wire

JANUARY 26, 2022

Lenders across the board felt that they got truly high ROI from these solutions,” said Sam Ryder, principal at LLR Partners. Sales Boomerang provides automated borrower intelligence, delivering real-time customer insights to lenders, who can then offer “the right loan to borrowers at the right time,” according to CEO Alex Kutsishin.

Investor 278

Investor Sales Mortgages Loan Officer 278

Housing Wire

NOVEMBER 7, 2023

VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA loans are probably the best loans on the market. “This is going to be a massive needle mover,” Grant said. “I

VA loan 440

VA loan Agents Seller concession FHA loan 440

Housing Wire

SEPTEMBER 30, 2022

To convince borrowers to take out a mortgage loan, some loan officers and lenders are highlighting how home prices are more affordable now than last year – and the ability of a borrower to refinance the loan when rates decline again. There is more inventory relative to demand, and deals can be found.

Mortgages 449

Mortgages Fixed-rate mortgage Loans Loan Officer 449

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market.

Mortgages 318

Mortgages Marketing Loans Banks 318

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Loan officer headcount in the industry could decline by 45% from last year’s estimated 353,120 LOs nationwide, which expanded by 34% from 2019, according to projections from Stratmor Group. over asking price. High octane stuff.

Equity 495

Equity Marketing Loans Bankruptcy 495

Marco Santarelli

JUNE 3, 2024

Here's where a trusted loan officer can be your best friend. By having a clear understanding of your financial goals and risk tolerance, your loan officer can tailor a strategy that aligns with your specific needs. Even a small change in your mortgage rate can significantly impact your monthly payment.

Mortgages 52

Mortgages Loan Officer Fixed-rate mortgage Loans 52

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. I think it’s already priced in the market.”.

Marketing 301

Marketing Loan Officer Mortgages Lending 301

Housing Wire

AUGUST 3, 2023

HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As million loans service, with approximately $500 billion in unpaid principal balance. billion of mortgage servicing rights. What’s ahead for Q3?

Loans 308

Loans Mortgages Loan Officer Principal 308

Housing Wire

JUNE 15, 2022

Credit Union of Southern California started offering interest-only ARMs last month, in which the borrower delays paying down any principal for a period of time. Available as purchase or refinance loans, the rates are offered in five- and seven-year terms for primary residences $3 million and under, or for second homes for $2.5

Fixed-rate mortgage 353

Fixed-rate mortgage Mortgages Loans Loan Officer 353

Calculated Risk Real Estate

SEPTEMBER 8, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q2. 1 (sometimes called the Flow of Funds report) released today.

Closing 124

Closing Equity Principal Short sale 124

Calculated Risk Real Estate

MARCH 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

Closing 67

Closing Equity Principal Short sale 67

Housing Wire

NOVEMBER 4, 2022

Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM had $306 billion in the unpaid principal balance of MSRs as of September 30, compared to $308.1

Principal 80

Principal Loan Officer Loans Mortgages 80

Calculated Risk Real Estate

JUNE 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. ” However, in the last six quarterly surveys, the Fed noted that “banks reported tighter standards and weaker demand for home equity lines of credit (HELOCs).”

Closing 55

Closing Equity Short sale Banks 55

Housing Wire

SEPTEMBER 30, 2020

Loan officers can access high-priority information via its Sales Portal interface, which includes pipeline views and outstanding conditions. Andrew Weiss, Vice Principal of Platform Strategy. Weiss has more than 30 years of experience in mortgage and consumer lending business.

Lending 196

Lending Mortgages Technology Loan Officer 196

Calculated Risk Real Estate

DECEMBER 7, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q3. 1 (sometimes called the Flow of Funds report) released today.

Closing 69

Closing Equity Principal Short sale 69