Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. 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

MAY 21, 2025

“Our technology eliminates the tedious ‘stare and compare’ work of analyzing bank statements while enhancing fraud detection and ensuring consistency across underwriting decisions,” said Paul Gigliotti , chief growth officer at Prudent AI. … Speed and accuracy of execution is what we use AI for the most.

Mortgages

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. Cornish started his career in mortgage banking at Wells Fargo in Iowa in 2003.

Mortgages

Housing Wire

OCTOBER 30, 2024

When asked whether loan buybacks were a more significant issue last year than now, Freddie Mac executive Sonu Mittal says emphatically, “It depends on who you ask.” Freddie Mac has seen a nearly 55% reduction in repurchase requests from its peak in the first quarter of 2023. This expands upon a pilot program launched earlier this year.

Debt-to-income ratio

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. His reasoning is simple: When a refinance opportunity arises, it will find the loan officerregardless of which company they work for.

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

MARCH 24, 2025

this year, while wages are risingan encouraging sign that were moving toward a healthier market For lenders, this means preparing for a shift in borrower demographics and ensuring loan origination processes are built for scale. Additionally, rate buy-down incentives are playing a major role in helping move new home inventory. Those who dont?

Technology

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 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 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 is simply taking a lower margin, effectively,” he added.

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

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages

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

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

NOVEMBER 14, 2024

Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. billion in mortgage loans from January to September, up 8.8% billion in mortgage loans from January to September, up 8.8% He left in June. Clevaland-based CrossCountry Mortgage originated $25.6 year over year.

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. But you dont want to be in a position where you have to sell.

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

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

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

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

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

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. Ramifications: When I was a loan originator, I had a borrower lie to me about occupancy. 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.

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

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

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. Similar to an MLO, a mortgage broker finds financing for buyers.

Property Management

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

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. Regulatory framework still intact The Loan Originator Compensation Rule (15 U.S.C. However, this assumption is dangerous.

Lending

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

NOVEMBER 25, 2024

One such solution includes the Edge Platform —designed to survey loan portfolios and identify recapture opportunities based on current mortgage rates. Chris Kennedy: Recapture is refinancing the customer into a new loan. When a loan is recaptured, it’s refinanced into a new loan.

Loans

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

JULY 24, 2025

On Wednesday, Reverse Mortgage Daily (RMD) brought you a ranking of the top five reverse mortgage loan originators in America. There are some high loan amounts too — one reverse mortgage on a home in Palisades, California, was for $9.1 His highest individual loan amount was $3.52 6: Jacob Flax, Caliver Beach Mortgage, $76.17

Mortgages

The Mortgage Report

AUGUST 1, 2025

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? Check your renovation loan options. What is a home renovation loan?

Renovation

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

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

Buy a Home Home-Buying Loan Types Low Down Payment Mortgages Conventional Loans VA Loans FHA Loans FHA 203k Rehab Loan USDA Loans Investment Property Mortgages Compare Home Buying Loans Home Buying Help Do I Need 20% Down? How Much Home Can I Afford? Down payment assistance can be a great option.

FHA 203k rehab loan