Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.”

Mortgages 370

Mortgages Loan Officer Equity Lending 370

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 483

Lending Banks Mortgages Loan Officer 483

Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 471

Equity Purchase and sale agreement Loan Officer Lending 471

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 425

Lending Mortgages Equity Loan Officer 425

Housing Wire

JANUARY 30, 2025

In this week’s episode of the Power House podcast, host and HousingWire President Diego Sanchez chats with Tom Davis , chief sales officer at Deephaven Mortgage. In this conversation, the duo explore niche lending, second lien product opportunities and demand for non-QM. Diego: Why the push into home equity ?

New Construction 332

New Construction Construction Marketing Equity 332

Housing Wire

JANUARY 13, 2025

Lazowski will collaborate with Fairways reverse mortgage leaders including VP of reverse mortgage recruiting Tim Harder and president of reverse mortgage lending Dan Ventura to accomplish these goals, the company said.

Mortgages 368

Mortgages Loan Officer Lending Loans 368

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin.

Lending 425

Lending Loans Loan Officer Equity 425

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. As for their expectations for 2024, banks expect loan demand to strengthen across all loan categories, citing an expected decline in interest rates.

Residential 484

Residential Lending Banks Mortgages 484

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. How your technology partner can help Having nimble technology is critical for capitalizing on market dynamics.

Loan Officer 413

Loan Officer Pre-approval Technology Loans 413

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. 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. How much will borrowers pay?

Equity 425

Equity Loans Mortgages Loan Officer 425

Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. Presented by: Sutherland.

Lending 446

Lending Banks Loan Officer Loans 446

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P).

Mortgages 400

Mortgages Lending Loan Officer Loans 400

Housing Wire

AUGUST 2, 2024

HighTechLending , a California -based top-10 reverse mortgage lender, announced on Friday that it is rebranding its wholesale lending division to American Senior Lending Wholesale Division in an effort to better align its identity with key business lines designed to serve older borrowers.

Lending 425

Lending Branding Loan Officer Technology 425

Housing Wire

MAY 2, 2025

It removes the need to qualify for two mortgages simultaneously, although appraisal , credit score and minimum equity requirements still apply. Amor and Banosian are actively promoting the product line through in-person training with loan officers, real estate agents and financial advisers.

Closing 291

Closing Loan Officer Finance Loans 291

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.

Lending 386

Lending Loan Officer Finance Loans 386

Housing Wire

NOVEMBER 2, 2020

As a premier provider of innovative, high-performance software, data and analytics for mortgage and home equity lending and servicing, Black Knight is transforming the housing finance industry. The comprehensive MSP servicing system supports all areas of loan servicing for both first mortgages and home equity products.

Lending 413

Lending Bankruptcy Equity Loans 413

Housing Wire

NOVEMBER 5, 2024

Costs may increase as the company continues to add loan officers and operations team members. In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 386

Purchase and sale agreement Equity Loan Officer Principal 386

Housing Wire

MAY 19, 2025

And this requires not just adding new salespeople but finding the right kinds of salespeople who can excel in a reverse mortgage environment which often has different priorities for connecting with customers than the forward lending side, he said. It’s a tall order to, I think, be a really effective loan officer in this business.

Mortgages 319

Mortgages Loan Officer Loans Industrial 319

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion.

Equity 425

Equity Purchase and sale agreement Marketing Lending 425

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. Responses were received from 66 domestic banks and 19 U.S.

Lending 370

Lending Banks Mortgages Loan Officer 370

Housing Wire

AUGUST 26, 2024

HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. In 2019, HomeLight acquired Eave , a digital mortgage lending startup. HomeLight has offices in Scottsdale, San Francisco, Dallas and Chicago.

Equity 462

Equity Loan Officer Lending Investor 462

Housing Wire

DECEMBER 30, 2024

The good news for 2024 for us was that we had a lot of forward loan officers realize that reverse mortgages are a great piece [to add to] their business, and a lot of people took the initiative to get certified, she said.

Mortgages 386

Mortgages Technology Loan Officer Industrial 386

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 413

Loan Officer Lending Loans Equity 413

Housing Wire

NOVEMBER 21, 2023

In March, the company struck a deal to acquire Homebridge Financial Services ‘s retail division to grow its retail lending business footprint. CMG makes its services and products available through wholesale and correspondent lending as well. 21, NMLS showed the lender had eight loan officers and 13 branches.

Loan Officer 425

Loan Officer Lending Loans Finance 425

Housing Wire

APRIL 25, 2025

Just as important is the strong interest in these regional events as well as our annual ones from loan officers , compliance personnel, senior vice presidents, EVPs and even C-suite participants. Green will deliver a lunchtime keynote speech on home equity extraction and the financing of long-term care.

Industrial 225

Industrial Mortgages Loan Officer Equity 225

Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The Austin -based company has added the Digital Loan Product Wizard to the system, according to a recent announcement. Early trials of the feature yielded a 10% increase in applicant conversion rates.

Equity 413

Equity Loan Officer Lending Loans 413

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. The most obvious argument against a totally digital lending approach—and the one that requires the least amount of rationale—is that customers don’t want it.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

APRIL 24, 2025

It’s designed to offer a broader set of comparison options for traditional mortgage brokers and forward loan officers to review reverse mortgage offerings with their clients, according to an announcement issued this week by HECM Tool. The platform was developed by reverse mortgage industry veteran Tane Cabe.

Mortgages 279

Mortgages Loan Officer Loans Principal 279

Housing Wire

MAY 12, 2025

The lending playbook needs an overhaul Lets cut through the noise: The mortgage market isnt changing; its already changed. HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. According to the Mortgage Bankers Association , the lenders who are making money right now arent just originating loans.

Mortgages 225

Mortgages Equity Loans Lending 225

Housing Wire

MAY 7, 2025

For IMBs, this signals increased state scrutiny in areas such as loan fees, loan officer licensing and compensation and community investment, industry attorneys and executives told HousingWire. Weve also seen states move to regulate home equity investment contracts. So its not just enforcementtheres a regulatory push too.

Mortgages 294

Mortgages Loan Officer Banks Loans 294

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgages 477

Mortgages Lending Banks Residential 477

Housing Wire

FEBRUARY 21, 2024

Cabe, who most recently served as president of reverse mortgage lending at Fairway Independent Mortgage Corp. He also previously served as a reverse mortgage consultant for Security One Lending in the early 2010s. “I His knowledge and experience in the reverse mortgage industry will be invaluable to our clients and loan officers.

Mortgages 413

Mortgages Loan Officer Lending Loans 413

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages 425

Mortgages Loan Officer Banks Lending 425

Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officer 413

Loan Officer Lending Technology Loans 413

Housing Wire

SEPTEMBER 3, 2024

CMG Home Loans , the retail lending division of CMG Financial , announced on Tuesday the appointment of Kari Van Kleef to the position of reverse mortgage operations manager. The company also described expanded demand for its reverse lending products.

Loan Officer 424

Loan Officer Lending Loans Mortgages 424

Housing Wire

MAY 6, 2024

Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage. We are partnering at the perfect time as AnnieMac is at the precipice of taking market share and providing better solutions to Loan Officers.”

Mortgages 422

Mortgages Loan Officer Lending Equity 422

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgages 524

Mortgages Marketing Lending Loans 524