Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. The survey showed that a net 25.5%

Residential 471

Residential Lending Banks Mortgages 471

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

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.

Loan Officer 404

Loan Officer Lending Loans Equity 404

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award.

Equity 410

Equity Loan Officer Principal Loans 410

Housing Wire

NOVEMBER 21, 2023

21, the company had 1,826 loan officers and 401 active branches, per the Nationwide Multistate Licensing System (NMLS). 21, NMLS showed the lender had eight loan officers and 13 branches. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officer 414

Loan Officer Lending Loans Finance 414

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS).

Banks 414

Banks Mortgages Loan Officer Loans 414

Housing Wire

MAY 6, 2024

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023.

Mortgages 424

Mortgages Loan Officer Banks Equity 424

Housing Wire

FEBRUARY 21, 2024

Tane Cabe Prior to joining Fairway in 2022 as the reverse division’s business development manager for the Home Equity Conversion Mortgage (HECM) for Purchase program, Cabe served as VP of 55places Mortgage and as a branch manager for Churchill Mortgage originating HECM and standard home loans. “I

Mortgages 404

Mortgages Loan Officer Lending Loans 404

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 393

Equity Loan Officer Residential Commercial 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. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer 414

Backup offer Loan Officer Home sale contingency Branding 414

Housing Wire

MARCH 28, 2024

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. About 80% of the mortgages at Better are now being funded as one-day products, Garg noted.

Loan Officer 424

Loan Officer VA loan Loans Technology 424

Housing Wire

MARCH 15, 2024

She is still an equity owner and she’ll continue to do what she’s been doing,” he said. Because of that, I’m focused on the future, and setting out what I intended to do even before RMF: giving people as many options as possible so they can access their home equity for a safe and secure retirement.”

Purchase and sale agreement 414

Purchase and sale agreement Equity Loan Officer Mortgages 414

Housing Wire

MARCH 28, 2024

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. Roughly 1,845 were considered “active” by Modex.

Mortgages 433

Mortgages Brokerage Loan Officer Lending 433

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 414

Mortgages Loan Officer Banks Lending 414

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. As we continue to grow our portfolio, we’ll use equity as well as debt … a lot of the banks that he works with also do commercial lending.

Loan Officer 403

Loan Officer Commercial Investor Banks 403

Housing Wire

APRIL 1, 2024

“It has reached a point where many clients have substantial equity in their house, but they don’t have enough funds to buy a new home before selling their current one, and this is where the power of this program really kicks in.”

Loan Officer 414

Loan Officer Loans Mortgages Equity 414

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). The end result is an enhanced customer experience which brings loan officer availability and effectiveness to a new level.

Loan Officer 404

Loan Officer Lending Technology Loans 404

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 15, 2024

More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said. The VA team reflects a different strategy for the company when hiring employees, Garg added. The plan is to distribute the product through its network of partners as it scales.

VA loan 404

VA loan Loans Loan Officer FHA loan 404

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.

Mortgages 413

Mortgages Loan Officer FHA loan Equity 413

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

JANUARY 17, 2024

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). And after years of advertisements and TV commercials promoting the benefits of better-known reverse mortgage loan uses like continuing to live in your current home while tapping your home equity, 4 who could blame them?

Finance 450

Finance Seller concession Loan Officer Loans 450

Housing Wire

AUGUST 17, 2023

5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. At a time when refis dried up and loan officers are in desperate need of deals, some loan officers are leaning into buying leads — from companies including Zillow , Realtor.com and Freerateupdate.com.

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 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

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). Or will soon.

Equity 523

Equity Marketing Loans Bankruptcy 523

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

RIS Media

APRIL 20, 2022

Redfin has completed its big-ticket purchase of Bay Equity Home Loans. To that end, Kelman said that Redfin and Bay Equity have already hit the ground running by getting both sides in tune with each other. The Seattle-based company is integrating all lending operations under Bay Equity, which will still operate under that name.

Equity 98

Equity Loan Officer Lending Loans 98

Housing Wire

AUGUST 25, 2022

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. ” Tapping that equity. The lender’s loan rates range from 6% to 13%.

Mortgages 393

Mortgages Equity Loans Seller concession 393

Housing Wire

OCTOBER 12, 2023

By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s behavior or financial situation signals they’re a good candidate for a home loan, Total Expert said.

Loan Officer 414

Loan Officer Lending Loans Equity 414

Realty Biz

SEPTEMBER 19, 2023

NON-QM mortgage loans open up opportunities for a wider range of borrowers to achieve their homeownership and investment objectives. For the past six years, Stratton Equities has been at the forefront as the nation's top private money and NON-QM mortgage lender, setting the pace for other companies to follow.

Equity 84

Equity Mortgages Lending Loans 84

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgages 382

Mortgages Loan Officer Loans Equity 382

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. .

Equity 393

Equity Loan Officer Loans Technology 393

Housing Wire

MAY 25, 2023

The company had 53 active loan officers and 30 branches, per the Modex data. According to its website, Colonial offered fixed-rate loans, Federal Housing Administration (FHA) loans, U.S. loans, adjustable rates, and home equity, among others. Department of Veteran Affairs (V.A.)

Mortgages 382

Mortgages FHA loan Loan Officer Banks 382

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things. And I’m so delighted.

Industrial 404

Industrial Mortgages Loan Officer Banks 404

Housing Wire

SEPTEMBER 7, 2023

Pro-competitive, pro-consumer local MLS broker marketplaces ensure equity, efficiency, transparency and market-driven pricing options for home buyers and sellers,” Mantill Williams, NAR’s vice president of communications, wrote in an email to HousingWire.

Agents 393

Agents Loan Officer Lending MLS 393

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Sales 382

Sales Mortgages Loans Loan Officer 382