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Uplist partners with Polly, offering insights to loan officers

Housing Wire

This move grants loan officers access to real-time insights that are designed to improve borrower assistance and engagement. Loan officers on the Uplist platform can now leverage Pollys product and pricing engine (PPE) to more easily pursue refinance opportunities.

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Rocket-Redfin deal sparks uncertainty over Bay Equity’s future

Housing Wire

Bay has encouraged us to start looking [for a job] as Rocket is really only offering loan officer positions at this time, an employee told HousingWire under the condition of anonymity for fear of affecting job prospects. billion in loans in 2021nearly 10 times Redfins in-house mortgage volume. They will be a great fit.

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The playbook for a rookie loan officer: What I’m telling my son before his first year

Housing Wire

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Walk before you run: Build long-term relationships Partner with new real estate agents that you can learn and build together. With a 100% commission-based structure, success isnt guaranteed its earned. Everything else is a distraction.

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Knock reverses course on loan officer pay cut

Housing Wire

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. But on Thursday morning, Knock reversed course. It began 2021 in 14 markets and is now in 70.

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Real Brokerage leverages agent count growth for soaring revenue

Housing Wire

Instead, its continuing to add agents at an explosive rate. On its earnings call for the fourth quarter of 2024, the company disclosed that its agent count was 24,140 at the end of the year. Real credited its technology offerings and business model for the explosive growth in agents. million in 2023 to $4 million in 2024.

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Loan officers are dramatically cutting their pay to win clients. It’s often illegal. 

Housing Wire

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.

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Mortgage rates are the highest they’ve been this year. Did loan officers expect this?

Housing Wire

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.