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 459

Loan Officer Loans Brokerage Equity 459

Housing Wire

NOVEMBER 9, 2022

Rising interest rates, sparked by Federal Reserve tightening policies, is the primary cause of the mortgage-finance industry’s pain right now. In September alone, IMBs slashed some 8,200 jobs, a recent Inside Mortgage Finance analysis of U.S. Charting the loan officer exit. Bureau of Labor Statistics data shows.

Loan Officer 435

Loan Officer Loans Mortgages Industrial 435

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

DECEMBER 20, 2023

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. After Mike paid his loan officer assistant, he was clearing just 40 bps.

Loan Officer 482

Loan Officer Loans Lending Mortgages 482

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

APRIL 22, 2025

This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings. Offer creative financing solutions Buyers need flexibility. In this market, a one-size-fits-all loan product certainly wont cut it.

Loan Officer 378

Loan Officer Finance Loans Mortgages 378

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 459

Mortgages Loan Officer Loans Technology 459

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. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MARCH 5, 2024

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. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform.

Loan Officer 448

Loan Officer Loans Mortgages As-is 448

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 has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. ”

Loans 370

Loans Mortgages Loan Officer Technology 370

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

Finance 448

Finance Agents Mortgages Loan Officer 448

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. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

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

NOVEMBER 13, 2024

Better Home & Finance Holding Co., Betsy uses Better’s loan engine, Tinman, and is a product the company hopes to white label and bring public in the near future, Garg confirmed on the earnings call. the parent of digital lender Better , reported a net loss of $54.1 By comparison, the company lost $41.4 million in Q2 2024 and $353.9

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans.

Loan Officer 435

Loan Officer Loans Technology Mortgages 435

Housing Wire

SEPTEMBER 14, 2023

Because Gastelum’s client started a new job within 30 days, an underwriter at Nova decided that there was no interruption to his income and approved the loan. “It really comes down to interpretation of the guideline. When the borrower is denied for an FHA mortgage loan, an MCR report had to be created for that denial.

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

Housing Wire

DECEMBER 4, 2024

“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” 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 397

Lending Mortgages Loan Officer Loans 397

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 345

Loan Officer Lending Loans Technology 345

Housing Wire

OCTOBER 30, 2024

The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere. According to a filing from the California Department of Financial Protection and Innovation dated Oct.

Lending 448

Lending Loan Officer Banks Loans 448

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 340

Loans Loan Officer Construction Banks 340

Housing Wire

FEBRUARY 11, 2025

Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. Or we work with agents and agent teams to introduce loan officers to them to partner with when they want to start by touring first.

Purchase and sale agreement 349

Purchase and sale agreement Loan Officer Loans Finance 349

Housing Wire

FEBRUARY 4, 2025

.” “We are thrilled to partner with zavvie to make Arrival’s products available to zavvie’s impressive network of loan officers and real estate agents ,” Simon Chen, CEO of Arrival Home Loans, said in a statement. Arrival Home Loans, which is powered by Pacific Private Money Inc.

Loans 331

Loans Loan Officer Finance Brokerage 331

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real credited its technology offerings and business model for the explosive growth in agents. million in 2023.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

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 239

Industrial Mortgages Loan Officer Equity 239

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. One of the biggest housing stories so far this year is Rocket s pending acquisition of Redfin.

Loan Officer 292

Loan Officer Loans Mortgages Title 292

Housing Wire

APRIL 7, 2025

to 53 loans, its highest monthly figure since September, according to RMI. 56 loans in March separated leading HECM lender Mutual of Omaha Mortgage with its next closest competitor, Finance of America (FOA). to 476 loans, while South River Mortgage s performance drop was generally less severe, falling by 1.5%

Mortgages 283

Mortgages Loan Officer Loans Industrial 283

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

Loans 468

Loans FHA loan Loan Officer Mortgages 468

Housing Wire

MARCH 20, 2025

Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. ” “Real estate is still a physical, relationship-driven business,” said another.

Mortgages 280

Mortgages Loan Officer Brokerage Loans 280

Housing Wire

MAY 1, 2025

Attendee reactions were generally positive, from executives through front-line loan originators and other industry participants. Ashley Honor Smith, senior vice president of brand and communications at Finance of America (FOA), was particularly interested in the discussion around the industry advocacy update.

Mortgages 243

Mortgages Loan Officer Loans Industrial 243

Housing Wire

OCTOBER 2, 2023

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. When retail loan originators visit the website, LOs are asked to fill out their names, contact information and comments or questions about wholesale lending.

Loan Officer 435

Loan Officer Lending Loans Equity 435

Housing Wire

APRIL 19, 2023

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. president of NAMB, said in a statement. However, H.R.

Loan Officer 468

Loan Officer Loans Mortgages Finance 468

Housing Wire

NOVEMBER 20, 2023

An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in. I want to be clear: in no way do I hope any of this happens.

Pre-approval 482

Pre-approval Agents Loan Officer Seller concession 482

Housing Wire

NOVEMBER 17, 2023

In court documents, Summit and Pennington admitted they signed a confidentiality agreement in March but denied other accusations, including that Pennington used information from Movement to target its loan officers matching characteristics that would fit Summit’s business. Shelton declined to comment.

Loan Officer 446

Loan Officer Sales Loans Mortgages 446

Housing Wire

OCTOBER 13, 2023

According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. Sources said that acquiring Fairway would be a way for CrossCountry to add loan officers at different branches across the country.

Loan Officer 493

Loan Officer Loans Mortgages Staging 493

Housing Wire

MAY 24, 2024

Hummel, who previously led the correspondent and Housing Finance Agency (HFA) business at U.S. Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. John Hummel Prior to joining U.S. Founded in 1863, U.S.

Banks 457

Banks Lending Loan Officer Loans 457

Housing Wire

MAY 22, 2024

Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. The technologically advanced mortgage platform empowers loan officers to serve both customers and business partners with ease and excellence. “The

Lending 448

Lending Development Loan Officer Finance 448