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. million in cash, restricted cash, short-term investments and self-funded loans. The company posted an adjusted EBITDA loss of $38.7

Mortgages 370

Mortgages Loan Officer Loans Technology 370

Housing Wire

OCTOBER 31, 2024

1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. 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

Lending 488

Lending Mortgages Loan Officer Principal 488

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.”

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

Equity 440

Equity Loans Mortgages Loan Officer 440

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Not only does owning build equity,” explains Shallis, “but the tax benefits are substantial.

Marketing 370

Marketing Loan Officer Equity Loans 370

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. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax.

Loan Officer 392

Loan Officer Loans Pre-approval Mortgages 392

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. Moreover, the older the loan, the more likely the borrower would refinance elsewhere.

Loan Officer 426

Loan Officer Pre-approval Technology Loans 426

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. Ryan Grant is the president of NEO Home Loans.

Mortgages 363

Mortgages Loan Officer Marketing Loans 363

Housing Wire

JANUARY 11, 2022

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. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 483

Equity Purchase and sale agreement Loan Officer Lending 483

Housing Wire

MARCH 19, 2025

Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume. All three of the company’s product channels purchase, refinance and home equity saw annualized growth.

Loan Officer 285

Loan Officer Mortgages Loans Equity 285

Housing Wire

JANUARY 13, 2025

By recruiting top talent and building meaningful partnerships, we can create seamless connections between forward and reverse channels, empowering both our loan officers and clients.

Mortgages 368

Mortgages Loan Officer Lending Loans 368

Housing Wire

JANUARY 30, 2025

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

New Construction 338

New Construction Construction Marketing Equity 338

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 314

Closing Loan Officer Finance Loans 314

Housing Wire

MAY 19, 2025

Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division as its new president. Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well.

Mortgages 329

Mortgages Loan Officer Loans Industrial 329

Housing Wire

JUNE 4, 2025

As borrower expectations for personalized, timely communication rise, loan officers are turning to AI-powered tools to stay competitive. Loan officers realize margins are too tight to treat prospects as one-time deals. I recently spoke with a loan officer who said he was too busy to take on more business.

Industrial 329

Industrial Mortgages Loan Officer Loans 329

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. The loan includes no interest for six months.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

MAY 20, 2025

But we’re also diversifying in the field through our brokers as well as our local loan officers, and well be able to add to that through the Redfin acquisition as well here very soon, Lovier said on stage during the Mortgage Bankers Association (MBA) Secondary and Capital Markets Conference in New York on Tuesday.

Loan Officer 244

Loan Officer Loans Staging Equity 244

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 411

Mortgages Lending Loan Officer Loans 411

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. The company was recently able to restructure $530 million in convertible debt with SoftBank s SB Northstar , improving the company’s balance sheet by $200 million in pretax equity value.

Purchase and sale agreement 273

Purchase and sale agreement Loan Officer Loans Equity 273

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 392

Purchase and sale agreement Equity Loan Officer Principal 392

Housing Wire

NOVEMBER 10, 2023

With soaring home prices and mortgage rates putting a damper on the market for new home loans and refinancing options, it’s a challenging time for homebuyers and lenders alike. While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options.

Lending 469

Lending Equity Banks Loans 469

Housing Wire

MAY 14, 2024

million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. Funded loan volumes came in at $661 million, up 25% quarter over quarter. Purchase loans comprised 80% of the funded volume, followed by refinances (12%) and HELOCs (8%). The company’s stock was trading at $0.44

Loans 440

Loans Loan Officer Equity Mortgages 440

Housing Wire

APRIL 28, 2025

The Platinum Peak product aims to offer higher available loan-to-value (LTV) ratios, which are designed to translate into higher loan proceeds for borrowers, the company said at the time. We have also seen more borrowers who have been paying a lot of money up front to refinance their loan for relatively small amounts of proceeds.

Loans 300

Loans Loan Officer Equity Closing 300

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 a review of bond-rating and industry reports.

Equity 440

Equity Purchase and sale agreement Marketing Lending 440

Housing Wire

APRIL 24, 2025

The HECM Tool a software platform designed to serve as a reverse mortgage sales conversion tool announced this week that it has integrated the proprietary reverse mortgage offering from Smartfi Home Loans into the platforms existing visualization and comparison capabilities.

Mortgages 300

Mortgages Loan Officer Loans Principal 300

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. During a phone interview with HousingWire on Oct.

Equity 440

Equity Investor Loan Officer Finance 440

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA Eligible U.S.

VA loan 426

VA loan Loans Loan Officer FHA loan 426

Housing Wire

MARCH 19, 2025

Smith joined Better in May 2024 after serving in senior leadership roles at Mission Loans, Caliber Home Loans and loanDepot. We recently hired Misti Snow and we were going through some data with TinMan, and for our team members who are on it, we have two and a half FTEs to fund a loan and fulfillment.

Loan Officer 312

Loan Officer Technology Loans Mortgages 312

Housing Wire

MAY 20, 2025

” Prior to Kind Lending, Farr held several high-level positions, including Bay Equity ‘s Southwest Divisional Vice President and Nova Home Loans’ senior vice president, regional manager. We’re confident that Geri will play a crucial role in our continued success.”

Lending 244

Lending Sales Loan Officer Equity 244

Housing Wire

NOVEMBER 1, 2024

That way, when a loan officer is looking at a solution for a customer, they can look at both a traditional mortgage and a reverse mortgage together. Now, they’re looking at creating a dataset based on what’s called iLAD, or the industry loan application dataset. Lenders are very specialized in that space.

Mortgages 391

Mortgages Technology Loan Officer Loans 391

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 243

Industrial Mortgages Loan Officer Equity 243

Housing Wire

MAY 5, 2025

Reverse mortgage industry performance metrics have been soft so far in 2025, but two key data points involving Home Equity Conversion Mortgage ( HECM ) volume and HECM-backed Securities ( HMBS ) issuance saw promising increases in April. HMBS issuance A total of 81 HMBS pools were issued in April 11 more than in March New View report.

Mortgages 366

Mortgages Loan Officer Industrial Loans 366

Housing Wire

APRIL 7, 2025

Home Equity Conversion Mortgage ( HECM ) endorsements fell in March based on rate increases observed in the late period of 2024, while HECM-backed securities ( HMBS ) issuance saw an increase in March in a market that remains generally healthy despite lower issuance activity. to 66 loans. to 66 loans.

Mortgages 282

Mortgages Loan Officer Loans Industrial 282

Housing Wire

MARCH 19, 2025

The earnings release touted growth compared to 2023 and detailed the company’s plans of “diversifying Betters offering, and leveraging Tinman to power local loan officers” through a new program. In 2024, Better produced a funded loan volume of approximately $3.6 billion) was tied to purchase loans.

Loan Officer 236

Loan Officer Loans Equity Finance 236

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. Examiners review the closing disclosures in loan files and ask lenders to provide invoices justifying every third-party fee.

Mortgages 299

Mortgages Loan Officer Banks Loans 299

Housing Wire

MAY 12, 2025

HELOC and home equity loan originations jumped 6% and 8% , respectively, in Q3 2024. Homeowners are increasingly turning to HELOCs as a means to access home equity without refinancing their low-rate mortgages. According to the Mortgage Bankers Association , the lenders who are making money right now arent just originating loans.

Mortgages 243

Mortgages Equity Loans Lending 243

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 494

Lending Banks Mortgages Loan Officer 494