Housing Wire

APRIL 28, 2025

Bay has encouraged us to start looking [for a job] as Rocket is really only offering loan officer positions at this time, an employee told HousingWire under the condition of anonymity for fear of affecting job prospects. The RocketRedfin deal is expected to close in Q2 or Q3. They will be a great fit.

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Housing Wire

FEBRUARY 3, 2025

It also ties into architects and builders creating smaller, denser homes to help close the affordable housing supply gap. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

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Housing Wire

JUNE 10, 2025

Rocket Pro is partnering with Vetted VA , which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. “They know more about VA loans than anybody else,” Sweeney told HousingWire in an interview. That was a lot for loan officers.

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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. It was late 2022 and Mike was feeling the pressure. The lower comp rate stung.

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Housing Wire

MAY 2, 2025

Amor and Banosian are actively promoting the product line through in-person training with loan officers, real estate agents and financial advisers. Among loan officers, the biggest misconception is that these loans are more difficult to originate and take longer, Banosian said.

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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.,

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Housing Wire

MARCH 27, 2025

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

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Mortgages Loan Officer Technology Loans 368

Housing Wire

APRIL 2, 2024

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. Steinway, who closed more than $1.5 Steinway also expects NAF’s “expansive” product mix, such as NAF Cash , will help him achieve more production volume in a highly competitive market.

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Housing Wire

NOVEMBER 11, 2024

In its third-quarter earnings report, Zillow Home Loans revealed an impressive data point: mortgage revenue increased 63% year over year in the third quarter to $39 million, which is primarily due to an 80% year-over-year increase in purchase loan origination volume to $812 million. Not even close. That’s an annualized $3.2

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Housing Wire

MAY 8, 2025

Todays best loan officers operate differently and expect more. Naturally, this means loan officers (LOs) dont work the same way anymore, either. Beyond the signing bonus This evolution has influenced what loan officers seek when it comes to compensation structure. They simply cant if they wish to succeed.

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Housing Wire

DECEMBER 20, 2024

Over the years, Ive observed a glaring issue that stifles the growth and success of many mortgagecompanies: promoting top-producing loan officers into management roles without equipping them with the tools, training, or even determining whether they want to be leaders. In my mind, success in sales equated to success in leadership.

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Industrial Loan Officer Mortgages Development 384

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. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.

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Housing Wire

NOVEMBER 15, 2024

Should the goal of marketing technology be to make it so that a loan officer never needs to log in? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved. Today, “CRM” encompasses far more than just contact management.

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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. The goal is to combine Better’s AI technology with NEO’s local loan expertise to increase market reach, especially in the purchase mortgage segment.

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Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. With rates around 6.9%

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Housing Wire

OCTOBER 31, 2024

“The HomeSafe Second borrower looks different from the profile of an average reverse mortgage, so originators and other professionals need to think differently about how to market this product when their target audience may be considering a HELOC or closed-end second ,” he said.

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Mortgages Equity Loan Officer Loans 413

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. Deliver value beyond closing to foster long-term engagement.

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Mortgages Loan Officer Marketing Loans 362

Housing Wire

OCTOBER 31, 2024

As part of the deal that closed Oct. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas. It is also offering $3.5

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Housing Wire

APRIL 21, 2025

Randell Gillespie Gillespie will work closely with the companys leadership and market teams to identify new opportunities for expansion and success. Modex reports the company has more than 200 producing loan officers, and its strongest branches for production are in Illinois and Missouri. billion last year.

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Loan Officer Banks Mortgages Loans 386

Housing Wire

OCTOBER 28, 2024

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. Equally important is the ability to proactively and automatically detect within an existing customer database who is ready to buy, so loan officers can reach out to those borrowers before they even act.

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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.

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Mortgages Loan Officer Lending Loans 351

Housing Wire

DECEMBER 18, 2024

The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans. CreditXpert developed the platform to cut down loan filing timelines. 1 in preparation for the launch of the new platform.

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Loan Officer Loans Technology Mortgages 386

Housing Wire

MARCH 5, 2025

Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans. In his new role, Banosian said he will be leveraging his success as a top producing loan originator to help other Rate LOs grow their business and take market share. But my biggest focus initially is going to be the loan officers.

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Loan Officer Loans Technology Mortgages 413

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. Ghamsari: Nothing I’m prepared to share today, but we are definitely looking very closely at the space.

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Housing Wire

AUGUST 12, 2024

Earlier today, we announced to our team members that we have made the strategic decision to close the company’s distributed retail channel, effective immediately,” D’Auria wrote in a letter to counterparties that was reviewed by HousingWire. “Every single loan officer has been paid per their compensation agreement.

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Closing Mortgages Loan Officer Loans 436

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

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Equity Loan Officer Banks Loans 338

Housing Wire

NOVEMBER 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.”

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Mortgages Loan Officer Equity Lending 370

Housing Wire

OCTOBER 18, 2024

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. If you have people focused on work, focused on what they can control, we still have people closing over 40 loans a month,” Jacobson says. “In

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As-is Loan Officer Loans Mortgages 425

Housing Wire

MAY 22, 2025

4 reasons the house divided For decades, loan officers, underwriters and processors worked together to guide borrowers through the process of securing a mortgage. The servicing team handled the ongoing management of the loan after closing, including processing payments, managing escrow accounts and dealing with delinquencies.

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Loan Officer Loans Technology Mortgages 366

Housing Wire

JUNE 12, 2025

The companies expect the transaction to close in the fourth quarter of 2025. The transaction brings together Chimera “loan securitization, structured finance, and third-party loan management and advisory services with HomeXpress’ loan origination platform,” said Phillip J. million shares of Chimera common stock.

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Housing Wire

DECEMBER 12, 2024

I want to push a button and have everything done for me and see my results without having to go to the county website, or go hop on Zillow and check this, or go check closing costs, or go to the title and escrow company to find out what the fees are for something. JB: Its accurate and it’s easy. I literally want to push a button.

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Housing Wire

MAY 22, 2025

We did it for loan officers. “How do you close more business by connecting with people, executing that marketing with the audience, because you understand where they come from, what they need, and where they’re at right now in 2025? More details about the program will be offered at that time.

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Housing Wire

MAY 14, 2025

The partnership will also connect UHM to a network of users and loan officers who source mortgage offers from multiple wholesale lenders. Their commitment to delivering fast, efficient closings and direct access to underwriters aligns perfectly with our mission to empower independent originators,” Tejwani said.

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Mortgages Loan Officer Lending Development 346

Housing Wire

OCTOBER 31, 2024

In an ever-changing real estate market, loan originator retention is a key challenge for lenders. Loan officers need faster product rollouts and fewer barriers to focus on core tasks. Why is loan officer retention a priority for the company? This transcript has been edited for length and clarity.

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Housing Wire

MARCH 19, 2025

Purchase business was up 25%, refinances soared 611% and home equity products (which include HELOCs and closed-end second-lien loans) saw 416% year-over-year growth. Garg : We were already four times more productive than the industry from our loan officers. I see us being 40 times more productive for our loan officers.

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Housing Wire

MAY 15, 2025

Mat Ishbia , president and CEO of UWM, likened LEO to having the most intelligent loan officer in America review an estimate in seconds and advise how to beat it. LO assistant UWM also launched MIA, a virtual loan officer assistant focused on client engagement.

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Housing Wire

APRIL 22, 2025

Traditionally, this season brings a surge in purchase activityand in 2025, that trend is especially important for lenders to watch closely against the backdrop of a high-interest rate environment. Spring marks the peak season for the U.S. The average 30-year fixed mortgage rate sits around 6.8% after climbing above 7% earlier this year.

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