Housing Wire

OCTOBER 31, 2024

According to data from the Federal Reserve Bank of New York , roughly 750,000 home equity lines of credit ( HELOCs ) were issued to borrowers ages 55 or older in 2023. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers.

Mortgages

Housing Wire

APRIL 21, 2025

Modex reports the company has more than 200 producing loan officers, and its strongest branches for production are in Illinois and Missouri. Gillespie lives in the Chicago area and previously held executive leadership roles at Countrywide and Bank of America. billion last year. He was a HousingWire Vanguard award winner in 2023.

Loan Officer

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. Volly added that the system is scalable and supports the retail and wholesale lending channels, as well as mortgage brokers.

Loan Officer

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. Then, loan officers licensed in multiple states can support the retention team by handling those loans.

Mortgages

Housing Wire

MARCH 24, 2025

Over time, many organizations have accumulated toolsoften to accommodate branch acquisitions or high-performing loan officers but arent fully utilizing them. Experts at the summit emphasized that the cost to produce a loan remains high, largely due to inefficiencies in manual processes. Those who dont?

Technology

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. Thats what I think the HELOC is right now. homeowners and $11.5

Equity

Housing Wire

OCTOBER 22, 2024

. “Mark’s passion for real estate and community, combined with Guaranteed Rate Affinity’s proven platform and talented loan officers, is a recipe for continued success in providing our clients with a fast, seamless mortgage experience,” said Lance Branham , managing broker for Coldwell Banker in Charlotte.

Lending

Housing Wire

MARCH 11, 2025

We’re going to be able to provide so much value to our partners and we’re going to give our partners and loan officers something nobody has and step out into the future here,” said Craig Snell, vice president of sales at Milestone. Bristol County Savings Bank bought into Milestone in 2022. ”

Loans

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

NOVEMBER 13, 2024

Smith previously served as president and CFO of Stearns Lending , CFO of Caliber Home Loans , executive for core servicing and centralized sales for Bank of America and CFO of consumer markets for Countrywide. Meanwhile, Smith said Movement is “uniquely positioned to win big in the coming years.”

Mortgages

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. Escobar, who is the 2025 MBA Chair and president of Lennar Mortgage , encouraged Hoffman to expand the program at Cleveland State where Hoffman was already teaching.

Banks

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

OCTOBER 23, 2024

As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. Mortgage rates have picked up just about a week ago, they’re in the high 5s, and now they’re in the low 6s.

Equity

Housing Wire

MARCH 3, 2025

UHM, a growing independent mortgage bank based in Ohio , originated about $7.6 It has since been aggressive in recruiting productive loan officers. The terms of the deal were not disclosed. billion in mortgages last year. NRL did a little over $1 billion in volume.

Mortgages

Housing Wire

NOVEMBER 14, 2024

Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. CCM had 4,170 sponsored loan officers in 707 branch locations as of Thursday, per the Nationwide Multistate Licensing System (NMLS). In October, Chang stepped down and was succeeded by Mark Elbaum. He left in June.

Mortgages

Housing Wire

MAY 19, 2025

You need the mortgage banking skill set, and then you need to be able to work well with the seniors and their constituents,” Allen said. It’s a tall order to, I think, be a really effective loan officer in this business.

Mortgages

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

DECEMBER 16, 2024

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. Hopefully, the benefits of additional products, pricing execution, technology and marketing will help the productivity of loan officers.

Loan Officer

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

APRIL 22, 2025

Adding value HW: How does this partnership help loan officers add more value to clients? We had another loan from application to clear-to-close in four business days. OCR reads bank statements and income, and provides automated approval under only three conditions. Now they dont have to.

Lending

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 also added head count to its nascent mortgage business. million in 2023 to $4 million in 2024.

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. NMB did about $1.6

Loan Officer

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.

Lending

Housing Wire

MARCH 7, 2025

” 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 Late in 2022, UHM acquired Michigan-based Amerifirst Home Mortgage and has been aggressive in recruiting loan officers since then.

Mortgages

Housing Wire

JUNE 27, 2025

It will scrub social media to find where our borrower eats, banks, gets dry-cleaning picked up. In April 2024, a top producing loan officer in New Jersey was indicted for falsifying routine loan information, as pedestrian as HOA reserve statements. Which ATMs does the borrower frequent?

Loans

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. Interested in learning more?

Property Management

Housing Wire

NOVEMBER 4, 2024

But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. My frequent reporting on issues of wire fraud definitely made me wary heading into the closing, and we ultimately decided to use a bank check for my cash to close.

Purchase and sale agreement

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

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank.

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

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. We’re excited to welcome him to the Evergreen Home Loans family.” His career began in 1989 as a loan officer with Norwest Mortgage.

Loans

Housing Wire

NOVEMBER 25, 2024

This is one area where mortgage originators and loan servicers have an advantage over financial buyers and Real Estate Investment Trusts (REITs). Freedom Mortgage is the best example of a mortgage bank/servicer that’s executed its recapture strategy better than any other servicer. This ultimately gives more money to the borrower.

Loans

Housing Wire

JULY 24, 2025

She has also held banking roles at Continental National Bank and Ocean Bank during the course of her career. According to Modex, she has averaged nearly eight transactions a month, with an average loan size of $765,000. . #10: Shivonne Espinoza, PHH Mortgage, $68.20

Mortgages

Lighter Side of Real Estate

APRIL 16, 2025

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. All good things to have in order. What Are Lenders Looking For, Exactly?

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

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. They may be able to point you to special programs that national banks sometimes overlook,” says Fortune. Down payment assistance can be a great option.

FHA 203k rehab loan

Redfin

JULY 30, 2025

Conventional loans Offered by private lenders such as banks and mortgage companies, Conventional loans are one of the most common choices for first-time buyers. These loans are not government-backed and are known for their competitive rates and terms, making them ideal for borrowers with good credit and financial standing.

Loans