Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. The task would be difficult in any market. This time, compensation is anywhere between 40 to 70 basis points.

Mortgages

Housing Wire

JUNE 24, 2025

Williston Financial Group (WFG) announced the release of a new digital tool through subsidiary Volly that aims to enhance collaboration between mortgage loan officers and real estate agents. The tool is designed to automate aspects of co-marketing efforts, including compliance and brand consistency.

Loan Officer

Housing Wire

MAY 20, 2025

But Toohig, who spoke Tuesday during the Mortgage Bankers Association (MBA)’s Secondary and Capital Market Conference in New York City, was also highlighting the opportunity for loan officers to originate more HELOCs and other second-lien mortgages. How many of you have a mortgage first lien, 30-year with a 4% coupon or lower?

Equity

Housing Wire

OCTOBER 22, 2024

At Movement, Rawls started as a loan officer before taking over as producing bank manager. Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending.

Lending

Housing Wire

OCTOBER 30, 2024

If you are not a depository or a bank, you typically don’t have a balance sheet, so you have to sell that loan in the scratch-and-dent market, which was costing last year 15 to 20 points — and even now it’s still costing anywhere between 5 to 8.5 The new model also provides economic benefits to lenders, according to Mittal. “If

Debt-to-income ratio

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol County Savings Bank bought into Milestone in 2022. Willow will fold into Milestone as part of the deal. “Our goal is to be No. ”

Loans

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM has debuted a new cash-out refi product without mortgage insurance.

Equity

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. He joined Movement in March 2015 to lead the Northeast region, was promoted to chief performance officer in 2020 and president in 2021.

Mortgages

Housing Wire

JULY 22, 2025

Seattle-based HomeStreet Bank has agreed to sell its $794 million Ginnie Mae loan servicing portfolio to an undisclosed “experienced” buyer, the company announced in a regulatory filing. the bank’s parent company, prepares to merge with Mechanics Bank in an all-stock business combination announced in March.

Banks

Housing Wire

JANUARY 21, 2025

The Mortgage Bankers Association (MBA)s education division, MBA Education, recently launched its Mortgage Banking Bound (MBB) program at Cleveland State University. The course is available as an elective to juniors or seniors in the university’s Monte Ahuja College of Business. It’s a true collaborative effort, Hoffman added.

Banks

Housing Wire

MAY 19, 2025

Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division as its new president. Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well.

Mortgages

Housing Wire

DECEMBER 16, 2024

The cost to originate loans rises, alongside appraisal fees, credit reports, FICO verification , digital verification and insurance. If you’re making 20 or 25 basis points as an owner of a small or large independent mortgage bank (IMB), it’s not worth the risk. How do you determine its value?

Loan Officer

Real Estate News

JULY 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry Homeownership education needs a reboot — and a new messenger Loan officers and financial advisors need to meet aspiring buyers where they are as many increasingly turn to social media for home financing advice.

Loan Officer

Housing Wire

APRIL 22, 2025

Purchase loans are now outpacing refinances, and interest rates are reaching the stratosphere. In this executive interview, NEO Home Loans President Ryan Grant discusses the company’s partnership with Better Mortgage , which is aimed at combining technological innovation and local market knowledge. Now they dont have to.

Lending

Housing Wire

MAY 13, 2025

At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. Another notable factor in accomplishing all three goals is Better’s partnership with NEO Home Loans , announced in January. “In January, we funded $2 million of loans for four families.

Purchase and sale agreement

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. Its fintech platform, Real Wallet, is expanding, allowing agents to apply for business checking accounts through Reals partnership with Thread Bank. Real credited its technology offerings and business model for the explosive growth in agents.

Brokerage

Housing Wire

MARCH 18, 2025

He climbed the ladder to the role of president, and led sales and operations at a top-25 independent mortgage bank with 5,600 employees that notched $33 billion in volume during the peak of the mortgage boom. .” billion in origination volume in 2024, has 29 offices and is licensed in 47 states. It was serendipitous.

Loan Officer

Housing Wire

JUNE 27, 2025

Everything means all the granular mortgage loan data, from a borrower’s private data to the very public property data. It will scrub social media to find where our borrower eats, banks, gets dry-cleaning picked up. Fannie Mae we all know is the grande dame of American Housing. Less known is Palantir Technologies. So what is that?

Loans

Housing Wire

DECEMBER 4, 2024

The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022. Most recently, Lindsay served as a mortgage loan officer at U.S. Rate is the second-largest retail mortgage lender in the U.S.

Lending

Housing Wire

MAY 14, 2025

Mortgage loan originator (MLO) or mortgage broker License or education required: Yes Average national salary: ~$60,000 to ~87,000 Job description: A loan originator, or loan officer, plays an essential role in the process of purchasing property. Is scrolling homes on Zillow a favorite pastime of yours?

Property Management

Housing Wire

NOVEMBER 4, 2024

Editor’s note: This is the fifth in a series of articles that will explore the effects of the landmark Sitzer/Burnett case, which was decided on Oct. 31, 2023, and has since reshaped the business practices for real estate brokerages and agents across the country. million in volume in 2023, according to RealTrends Verified data.

Purchase and sale agreement

Housing Wire

MARCH 7, 2025

Ohio -based UHM promoted Brian Smith to chief operating officer of retail lending and hired David Alonzo as its chief technology officer. ” Alonzo arrives at UHM with 25 years of mortgage and banking experience, most recently at Caliber Home Loans. UHM, a growing independent mortgage bank, originated about $7.6

Mortgages

Housing Wire

FEBRUARY 10, 2025

With Acting Director Russell Vought halting all rulemaking , enforcement actions and examinations, some may be tempted to believe that the regulatory burden on Independent Mortgage Banks (IMBs) is lifting. However, this assumption is dangerous. Regulation is not disappearing its shifting.

Lending

Housing Wire

FEBRUARY 19, 2025

Denver-based loan originator Chris Franquemont announced on Wednesday his return to Guaranteed Rate as producing branch manager. The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. His return follows a brief stint with CrossCountry Mortgage.

Loan Officer

Housing Wire

MAY 7, 2025

As employees of the Consumer Financial Protection Bureau (CFPB) sit in home offices awaiting news of their fate, the enforcement landscape has already shifted to state regulators. And if Craig Ungaro’s experience is any indication, the dynamic will pose a very different challenge for independent mortgage banks.

Mortgages

Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region.

Loans

Housing Wire

NOVEMBER 25, 2024

Chris Kennedy: Recapture is refinancing the customer into a new loan. When a loan is recaptured, it’s refinanced into a new loan. When a loan is recaptured, it’s refinanced into a new loan. Using servicing data and analytics to recapture these MSRs and new loans is a hugely important function.

Loans

Housing Wire

JULY 24, 2025

There are some high loan amounts too — one reverse mortgage on a home in Palisades, California, was for $9.1 According to Modex, he’s averaged six-plus loans a month with an average loan amount of $990,000. . #8: As an originator, Vrban is averaging about eight loans a month with an average loan amount of $786,000.

Mortgages

Housing Wire

OCTOBER 15, 2024

billion in mortgages over the past year, according to Modex data, and it has made no bones about tapping high-volume loan officers in targeted locations to gain market share. PrimeLending is backed by Hilltop Holdings , a holding company that includes PlainsCapital Bank and Hilltop Securities. His new shop originated roughly $5.3

Loan Officer

Lighter Side of Real Estate

APRIL 16, 2025

And in some cases, it could even affect your ability to get a loan. They check their credit score, save up for a down payment, and gather all the necessary documentation like bank statements and tax returns. If a loan officer is combing through a borrowers social media profiles, theyre not doing it out of boredom.

Mortgages

The Mortgage Report

JULY 24, 2025

Just understand that the money typically isn’t free,” says Matt Schwartz , branch manager and loan officer with Southlake Mortgage. How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? But new findings show that many young buyers are employing clever tactics to afford the down payment.

FHA 203k rehab loan

Redfin

JULY 30, 2025

Which loan is right for you? Conventional loans: You have a credit score of 620+, stable income, and can put at least 3% down. FHA loans: You have a credit score of 580+ (or 500+ with 10% down) and a higher DTI ratio. VA loans: You’re an eligible veteran, active-duty service member, or surviving spouse.

Loans

The Mortgage Report

AUGUST 1, 2025

What is a home renovation loan? How does a home renovation loan work? FAQ What is a home renovation loan? Typically, a home renovation loan is a single mortgage that lets you both finance a home and renovate it. Renovation loans can be used either when buying a home or refinancing one you already own.

Renovation

Rochester Real Estate

NOVEMBER 5, 2015

A good score will show that you’re a responsible borrower and have been able to keep up payments on past loans. A bad score could lower your chances of being approved for a mortgage or result in a higher interest rate on your approved loan. Your bank statements from the past two years.

Pre-approval

Marco Santarelli

MAY 19, 2025

I've seen this firsthand, where smaller, regional banks sometimes offer incredibly competitive rates to gain market share. Average Loan Size: The average loan size in a state can also play a role. Heres a snapshot of national averages for various loan types: Loan Type Rate (%) 30-Year Fixed 7.01 California 6.81-6.99

Mortgages

Rochester Real Estate

NOVEMBER 5, 2015

It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. Should I Go With A Mortgage Broker Or A Bank? A common question Realtors get from buyers and home owners looking to refinance is “should I go with a mortgage broker or a bank?”

Finance

The Close

JULY 28, 2025

Customer reviews frequently mention Kiavi’s strengths, such as the quality of its loan offerings, ease of the application and funding process, its overall simplicity in getting a loan, as well as the knowledge and expertise of its lending team. As a testament to this, it has a 4.8-star star rating on Trustpilot with over 500 reviews.

Pre-qualification