Housing Wire

MARCH 27, 2023

First Citizens Bank & Trust Company will acquire failed Silicon Valley Bank (SVB), which unexpectedly failed earlier this month and sent shock waves across the financial sector. The abrupt closure of SVB, after a run on deposits had left it insolvent , marked the largest bank failure in the U.S.

Banks 80

Banks Purchase and sale agreement Loan Officer Loans 80

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.

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Lending Mortgages Loan Officer Loans 388

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 368

Technology Loan Officer Loans Banks 368

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 388

Loan Officer Loans Pre-approval Mortgages 388

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. That’s encouraging to know.

Banks 451

Banks Mortgages Lending Loan Officer 451

Housing Wire

MAY 20, 2025

His point was ostensibly about how homeowners locked into low mortgage rates are choking off home sales and mortgage origination volumes. HELOCs are often a secondary consideration among loan officers because they dont make as much money on them as they do a first-lien mortgage. Thats what I think the HELOC is right now.

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Equity Loan Officer Banks Loans 324

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. Hanson: There’s two types of sales. A stock sale means we’re going to buy the company’s stock, establish loan liability for already-produced loans and buy the shell.

Loan Officer 369

Loan Officer Technology Loans Banks 369

Housing Wire

NOVEMBER 1, 2021

The lender announced Friday a partnership with Salesforce to deliver Rocket’s mortgage origination capabilities directly to banks, credit unions and other FIs through Salesforce Financial Services Cloud. ” There are nearly 5,000 FDIC-insured banks and more than 5,000 credit unions in the U.S. .

Banks 430

Banks Mortgages Loan Officer Lending 430

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. She also suspects that some firms offering generous compensation may be positioning themselves for a sale.

Mortgages 338

Mortgages Loan Officer Lending Loans 338

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Three others were also sentenced in connection to the fraud.

Banks 80

Banks Loan Officer Loans Mortgages 80

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

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Sales Mortgages Loan Officer Technology 417

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 320

Loans Loan Officer Construction Banks 320

Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said.

Banks 369

Banks Loan Officer Technology Title 369

Housing Wire

JANUARY 12, 2023

Los Angeles-headquartered City National Bank agreed to pay $31 million in relief to impacted individuals and communities to settle a redlining case with the U.S. Consequently, other banks received more than six times as many applications in these neighborhoods in Los Angeles County than City National each year.

Banks 388

Banks Loan Officer Loans Commercial 388

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 430

Equity Loans Mortgages Loan Officer 430

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. The company’s average mortgage loan was about $1.45

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

MAY 19, 2025

Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well. We had some really good product-level specialists on the sales side of the ball, and also in fulfillment, Allen explained.

Mortgages 300

Mortgages Loan Officer Loans Industrial 300

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. loan officers] in pods.’”.

Banks 417

Banks Mortgages Loan Officer Due diligence 417

Housing Wire

APRIL 14, 2025

Employees at NJ Lenders are joining Minneapolis-based Luminate Bank , following a challenging period at the Little Falls-based nonbank that included criminal charges of mortgage fraud involving two former loan officers in 2024. Luminate will retain loan production offices in seven states while expanding its national footprint.

Banks 204

Banks Loan Officer Mortgages Loans 204

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. Financial health Better funded $868 million in loan volume in Q1 2025.

Purchase and sale agreement 233

Purchase and sale agreement Loan Officer Loans Equity 233

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. “I’ve always been passionate about helping loan officers grow their business to serve more families in our communities.

Sales 370

Sales Loan Officer Lending Residential 370

Housing Wire

FEBRUARY 16, 2021

However, the Point of Sale category took a turn for the better in 2020. Bank of America recently reported that their digital mortgage transactions have nearly doubled over the past year, citing 68% of all consumer mortgage sales were made digitally in 2020, compared with just 36% in 2019. . 3 Self-driving banks.

Mortgages 534

Mortgages Banks Technology Loan Officer 534

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Some borrowers may qualify for a loan, but due to poor credit, the loan won’t come with the best terms. Or, give up looking altogether.

Pre-qualification 451

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 451

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. The post Mortgage Coach and Sales Boomerang snag new investor appeared first on HousingWire.

Investor 383

Investor Sales Mortgages Loan Officer 383

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

VA loan 430

VA loan Loans Loan Officer Brokerage 430

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. LoanSnap requested a hearing, according to Connecticut’s Department of Banking.

Loan Officer 417

Loan Officer Loans Banks Title 417

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 250

Loan Officer Mortgages Banks Technology 250

Housing Wire

OCTOBER 5, 2023

Shirley Gary, Tracy Allen, Realty Group , and the Advanced Super Team ranked highest in AREAA’s real estate sales list, while Shashank Shekhar and Joanna Yu topped the loan originators rankings. billion in sales volume from 20,472 transaction sides in 2022. When added-up together, the A-List honorees generated more than $15.4

Loan Officer 429

Loan Officer Mortgages Loans Banks 429

Housing Wire

NOVEMBER 8, 2023

Loan officers will be able to add MeridianLink Mortgage loan pipeline data directly into Polly’s product and pricing engine in real time, and vice versa. The partnership allows lenders using MeridianLink Consumer LOS to leverage Blend’s unified platform and consumer banking origination software.

Loan Officer 417

Loan Officer Loans Banks Lending 417

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website.

Mortgages 430

Mortgages Loan Officer Loans Banks 430

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

Bankruptcy 475

Bankruptcy Banks Loan Officer Loans 475

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. In turn, lenders charge the EPO fees to their branches and/or loan officers, depending on the company’s structure.

Loan Officer 417

Loan Officer Loans Lending Mortgages 417

Housing Wire

NOVEMBER 4, 2024

Angela is the 11th-ranked agent in the state by sales volume, closing 38 sides and $29.82 But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage. I asked Anthony if he had any recommendations for agents in my area, which is how I found my wonderful agent, Angela Harkins.

Purchase and sale agreement 417

Purchase and sale agreement Inspection contingency Title Inspection 417

Housing Wire

NOVEMBER 25, 2024

In this HousingWire executive conversation, Chris Kennedy , Director of Sales and Business Development at RiskSpan , explores the key recapture strategies that lenders can follow to maximize profit in the 2025 real estate market. Using servicing data and analytics to recapture these MSRs and new loans is a hugely important function.

Loans 369

Loans Residential Commercial Investor 369

Housing Wire

SEPTEMBER 1, 2020

The banks need bodies. Across its mortgage footprint, “ Citizens Bank has hired close to 100 underwriters, processors and loan officers this year to keep up with the demand and further their commitment in the mortgage retail space,” said Ace Watanasuparp, who heads residential lending for Citizens in New York City. .

Loan Officer 417

Loan Officer Banks Lending Residential 417

Housing Wire

FEBRUARY 1, 2024

The restructuring also includes reduced compensation for loan officers, and sources said that many are seeking new opportunities at rival lenders. NewRez declined to comment on recent M&A rumors , but an executive said its retail platform is not for sale. There’s always noise about NewRez not being committed to retail.

Loan Officer 441

Loan Officer Loans Mortgages Banks 441

Housing Wire

APRIL 12, 2023

A total of 45% of participants said home sales in their markets will remain flat for the next three months; 30.3% said sales will go up more than 5%; and 25.2% expected sales to go down more than 5% In the latest report from the National Association of Realtors (NAR), existing home sales rose 14.5% About 47.1%

Mortgages 402

Mortgages Loan Officer Marketing Seller concession 402