Housing Wire

MAY 21, 2024

will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. NEXA Mortgage , the largest mortgage brokerage firm in the U.S.,

Loan Officer 451

Loan Officer Loans Brokerage Equity 451

Housing Wire

NOVEMBER 21, 2024

A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” One of the biggest complaints we often hear about the product is that it’s confusing.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Not only does owning build equity,” explains Shallis, “but the tax benefits are substantial.

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

NOVEMBER 13, 2024

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. Better’s earnings report also included the announced hiring of the executive team from NEO Home Loans to build out a distributed retail channel.

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. This is why it’s critical to have the tools and processes in place to nimbly react to and capitalize on market shifts as they happen.

Loan Officer 426

Loan Officer Pre-approval Technology Loans 426

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 440

Equity Loans Mortgages Loan Officer 440

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 483

Equity Purchase and sale agreement Loan Officer Lending 483

Housing Wire

MARCH 14, 2025

Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loan officers must do to thrive. Our mortgage industry is experiencing a fundamental shift.

Mortgages 363

Mortgages Loan Officer Marketing Loans 363

Housing Wire

MAY 2, 2025

It removes the need to qualify for two mortgages simultaneously, although appraisal , credit score and minimum equity requirements still apply. Amor and Banosian are actively promoting the product line through in-person training with loan officers, real estate agents and financial advisers. Top 10 U.S.

Closing 314

Closing Loan Officer Finance Loans 314

Housing Wire

JUNE 4, 2025

As borrower expectations for personalized, timely communication rise, loan officers are turning to AI-powered tools to stay competitive. Loan officers realize margins are too tight to treat prospects as one-time deals. “ When it comes to AI, its not AI vs. humans its AI plus humans.

Industrial 329

Industrial Mortgages Loan Officer Loans 329

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax.

Loan Officer 392

Loan Officer Loans Pre-approval Mortgages 392

Housing Wire

JANUARY 13, 2025

By recruiting top talent and building meaningful partnerships, we can create seamless connections between forward and reverse channels, empowering both our loan officers and clients.

Mortgages 368

Mortgages Loan Officer Lending Loans 368

Housing Wire

MAY 20, 2025

Rocket Companies , traditionally known for its call center model, is diversifying its channel strategy amid its deals to acquire Redfin and Mr. Cooper , according to Chief Operating Officer Heather Lovier. billion, bringing in its distributed retail arm, Bay Equity Home Loans.

Loan Officer 244

Loan Officer Loans Staging Equity 244

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 329

Mortgages Loan Officer Loans Industrial 329

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 392

Purchase and sale agreement Equity Loan Officer Principal 392

Housing Wire

JANUARY 3, 2025

One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). A lot of times when seniors go through counseling and really take a close look at the loan, they can get confused. Guild is one example.

Mortgages 411

Mortgages Lending Loan Officer Loans 411

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 469

Lending Equity Banks Loans 469

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. During a phone interview with HousingWire on Oct.

Equity 440

Equity Investor Loan Officer Finance 440

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 440

Equity Purchase and sale agreement Marketing Lending 440

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. The company was recently able to restructure $530 million in convertible debt with SoftBank s SB Northstar , improving the company’s balance sheet by $200 million in pretax equity value.

Purchase and sale agreement 273

Purchase and sale agreement Loan Officer Loans Equity 273

Housing Wire

DECEMBER 30, 2024

The good news for 2024 for us was that we had a lot of forward loan officers realize that reverse mortgages are a great piece [to add to] their business, and a lot of people took the initiative to get certified, she said. Some challenges remain, with mortgage rates being chief among them.

Mortgages 392

Mortgages Technology Loan Officer Industrial 392

Housing Wire

APRIL 28, 2025

To get a better idea of the potential impact, HousingWire s Reverse Mortgage Daily (RMD) sat down with Melissa Macerato , chief revenue and marketing officer at Longbridge Financial. Internally, we found that there were over $500 million of loans that were short to close in our wholesale and retail divisions, she said.

Loans 300

Loans Loan Officer Equity Closing 300

Housing Wire

APRIL 25, 2025

Just as important is the strong interest in these regional events as well as our annual ones from loan officers , compliance personnel, senior vice presidents, EVPs and even C-suite participants. Were looking at just about 150 registrants from 75 different companies across the country.

Industrial 243

Industrial Mortgages Loan Officer Equity 243

Housing Wire

MAY 20, 2025

” Prior to Kind Lending, Farr held several high-level positions, including Bay Equity ‘s Southwest Divisional Vice President and Nova Home Loans’ senior vice president, regional manager. Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales.

Lending 244

Lending Sales Loan Officer Equity 244

Housing Wire

NOVEMBER 1, 2024

That way, when a loan officer is looking at a solution for a customer, they can look at both a traditional mortgage and a reverse mortgage together. Now, they’re looking at creating a dataset based on what’s called iLAD, or the industry loan application dataset. Lenders are very specialized in that space.

Mortgages 391

Mortgages Technology Loan Officer Loans 391

Housing Wire

MARCH 19, 2025

We recently hired Misti Snow and we were going through some data with TinMan, and for our team members who are on it, we have two and a half FTEs to fund a loan and fulfillment. Our fulfillment cost is around 35% less than the industry underwriting touches per loan. How are you staying in front of people? And the consumers love it.

Loan Officer 312

Loan Officer Technology Loans Mortgages 312

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages 300

Mortgages Loan Officer Loans Principal 300

Housing Wire

MAY 5, 2025

Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage ( HECM ) volume and HECM-backed Securities ( HMBS ) issuance saw promising increases in April. That has been a great relief to many, not just RMI.

Mortgages 366

Mortgages Loan Officer Industrial Loans 366

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 299

Mortgages Loan Officer Banks Loans 299

Housing Wire

APRIL 7, 2025

Home Equity Conversion Mortgage ( HECM ) endorsements fell in March based on rate increases observed in the late period of 2024, while HECM-backed securities ( HMBS ) issuance saw an increase in March in a market that remains generally healthy despite lower issuance activity.

Mortgages 282

Mortgages Loan Officer Loans Industrial 282

Housing Wire

MARCH 19, 2025

The earnings release touted growth compared to 2023 and detailed the company’s plans of “diversifying Betters offering, and leveraging Tinman to power local loan officers” through a new program. In 2024, Better produced a funded loan volume of approximately $3.6 billion) was tied to purchase loans.

Loan Officer 236

Loan Officer Loans Equity Finance 236

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. About 16.8%

Loan Officer 427

Loan Officer Lending Loans Equity 427

Housing Wire

MAY 12, 2025

HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. Homeowners are increasingly turning to HELOCs as a means to access home equity without refinancing their low-rate mortgages. According to the Mortgage Bankers Association , the lenders who are making money right now arent just originating loans.

Mortgages 243

Mortgages Equity Loans Lending 243

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 440

Lending Mortgages Equity Loan Officer 440

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

AUGUST 16, 2024

“I was going through my newsletters last week to Realtors and told them to watch for the headlines,” said Geoff Black, senior loan originator at Guild Mortgage. “It This small group of homeowners include those looking to take out cash from their accumulated equity. Absolutely not.” “Our Tampa Bay, Florida, area did three.

Loan Officer 461

Loan Officer Equity Loans Mortgages 461

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS). It has licenses in four states and three branches.

Banks 440

Banks Mortgages Loan Officer Loans 440