Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. 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. About 16.8%

Loan Officer 404

Loan Officer Lending Loans Equity 404

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officer 424

Loan Officer VA loan Loans Technology 424

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 471

Residential Lending Banks Mortgages 471

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR).

Equity 423

Equity Loan Officer Mortgages Industrial 423

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans.

Lending 471

Lending Banks Mortgages Loan Officer 471

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 393

Loan Officer Equity Finance Loans 393

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Consequently, 37% of homeowners say they want to move but are staying in their current home.

Backup offer 414

Backup offer Loan Officer Home sale contingency Branding 414

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

FHA loan 442

FHA loan Loans Closing costs Loan Officer 442

Housing Wire

MARCH 28, 2024

billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. NEXA did $6.29

Mortgages 433

Mortgages Brokerage Loan Officer Lending 433

Housing Wire

AUGUST 25, 2022

That has contributed to UWM’s competitors taking losses on loans when they can least afford it. During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. Homeowners can convert their equity to cash by selling their homes to EasyKnock and staying on as renters.

Sales 382

Sales Equity Loan Officer Finance 382

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations.

Finance 263

Finance Loan Officer Equity Renovation 263

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. Layoffs, LOs leaving the industry for good.

Equity 523

Equity Marketing Loans Bankruptcy 523

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

Housing Wire

MARCH 14, 2024

These include the integration of forward mortgage professionals into the reverse mortgage business, how the Home Equity Conversion Mortgage (HECM) limit for 2024 could end up impacting the industry, and the openness of both clients and referral partners to reverse mortgage conversations. 2024 HECM limit On Jan.

Mortgages 413

Mortgages Loan Officer FHA loan Equity 413

Housing Wire

SEPTEMBER 7, 2023

The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Agents 393

Agents Loan Officer Lending MLS 393

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more.

Mortgages 450

Mortgages Finance Loan Officer Equity 450

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. This interview has been condensed and lightly edited for clarity.

Loans 393

Loans Pre-approval Closing Marketing 393

Housing Wire

FEBRUARY 21, 2024

The industry side of the board includes Eddy Perez, CEO of Equity Prime Mortgage (EPM) ; Phil Shoemaker , CEO of The Loan Store ; Chris Vinson, CEO of Windsor Mortgage ; and Kevin Peranio, chief lending officer of Paramount Residential Mortgage Group (PRMG).

Lending 404

Lending Finance Loans Mortgages 404

Housing Wire

SEPTEMBER 7, 2023

Equity Prime Mortgage (EPM) has completely shifted to the TPO business after seeing growth opportunities in the wholesale channel, a distribution channel that’s been growing in recent years. Many of EPM’s retail loan officers transitioned to Informed Mortgage , a lender Carpitella launched in August.

Loan Officer 393

Loan Officer Loans Lending Mortgages 393

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 382

Lending Loan Officer Finance Loans 382

Housing Wire

SEPTEMBER 27, 2023

“This resolution will provide critical relief to impacted Black and Hispanic communities, enabling them to buy a home, keep their home or access the equity in their home,” Kristen Clarke, assistant attorney general of the Justice Department’s civil rights division, said in a statement.

Banks 424

Banks Lending Loan Officer Equity 424

Housing Wire

JANUARY 4, 2023

The MBA estimates the 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.58% for the week ending December 30 from 6.42% in the previous week. For jumbo loans (greater than $647,200), rates remained at 6.12%. “At the same time, equity in homes is the highest it’s been out there.

Mortgages 523

Mortgages Fixed-rate mortgage Loans Equity 523

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 103

Equity Finance Loans Closing costs 103

Housing Wire

JUNE 22, 2022

UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release. While loan originations dropped 29.7% billion in the first quarter of 2022, purchase loans grew to consist of 49% of the total origination volume to $19.1 UWM has aggressively put pressure on competitors.

Loans 424

Loans Loan Officer Banks Mortgages 424

Housing Wire

SEPTEMBER 1, 2022

Total Expert’s Customer Intelligence drives hundreds of new originations by looking for signals from customers of a need for mortgage financing. If you were the lender that provided the customer’s last loan, you’re usually out. This is key to overcoming borrower retention issues, a common struggle.

Equity 378

Equity Loan Officer MLS Loans 378

Housing Wire

OCTOBER 13, 2021

Last year, Interfirst relaunched its services with a new proprietary loan origination technology platform. It’s also made a push to hire teachers and first responders to be loan officers. billion in loan volume between June 2020 and June 2021. Interfirst told HousingWire in August that it originated $1.65

Mortgages 396

Mortgages Investor Loan Officer Principal 396

Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Aurora, Colorado-based American Financing Corporation has started to layoff 63.6% American Financing Corporation originated $4.13 PenFed originated $5.74

Industrial 414

Industrial Loan Officer Loans Lending 414

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. But Woodward struggled to originate purchase loans. “I Without that being built, I was starting from scratch.

Mortgages 519

Mortgages Marketing Lending Loans 519

Real Trends

NOVEMBER 11, 2022

Real estate professionals navigating housing in 2022 and beyond need to know their way around all the financing options available. Without knowledge of lesser-known financing choices, real estate professionals can miss the chance to turn their customers into homeowners, or sellers. . USDA loans. 2-1 buydowns.

Finance 106

Finance VA loan FHA loan Agents 106

Housing Wire

OCTOBER 31, 2022

Sales Boomerang and Mortgage Coach merged in June in an undisclosed deal, six months after private equity firm LLR Partners invested $80 million in both firms. I was told that after looking at their finances, the company decided to eliminate some positions,” a former employee, who spoke on condition of anonymity, said. “We’ve

Sales 414

Sales Mortgages Loan Officer Loans 414

Housing Wire

JUNE 15, 2021

The prospective merger – relatively rare for a nonbank mortgage lender – would create an organization with approximately $2 billion in assets and more than $300 million in equity capital, the companies said in a joint release. Cornerstone currently originates mortgage loans in 39 states, plus the District of Columbia. It funded $4.2

Lending 433

Lending Banks Loan Officer Loans 433

Eye on Housing

FEBRUARY 10, 2023

According to the Federal Reserve Board’s January 2023 Senior Loan Officer Opinion Survey (SLOOS)—conducted for bank lending activity over the fourth quarter of last year—banks reported weaker demand for residential real estate (RRE) loans, home equity lines of credit (HELOCs), and commercial real estate (CRE) loans.

Loans 122

Loans Loan Officer Commercial Lending 122

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). The lawsuit states that Kortas had 50.5% of the company and Grella had a 49.5%

Loan Officer 414

Loan Officer Brokerage Mortgages Loans 414

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors.

Mortgages 414

Mortgages Bankruptcy Lending Loan Officer 414

Housing Wire

JUNE 13, 2023

Atlanta-based Equity Prime Mortgage (EPM) has decided to focus its investments on the wholesale channel amid the most challenging mortgage market in decades. This has resulted in the company closing branches and laying off loan officers on the retail side. “Wholesale is growing.

Loan Officer 370

Loan Officer Lending Mortgages Equity 370