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 453

Lending Banks Mortgages Loan Officer 453

Housing Wire

MAY 11, 2023

This integration allows lenders to access Flueid’s title data and insights during the loan application process, resulting in time savings and a simplified consumer experience. Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer.

Loans 377

Loans Title Title search Loan Officer 377

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. The group will be branded as Shamrock, Powered by CMG Home Loans. 21, NMLS showed the lender had eight loan officers and 13 branches. year over year.

Loan Officer 392

Loan Officer Lending Loans Finance 392

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 409

Banks Mortgages Loan Officer Loans 409

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. The lender posted production of $3 billion across 8,569 loans in full year 2023.

Loan Officer 417

Loan Officer VA loan Loans Technology 417

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 lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 398

Equity Loan Officer Mortgages Industrial 398

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.

Mortgages 401

Mortgages Loan Officer Lending Loans 401

Housing Wire

APRIL 1, 2024

The new channel gave partnered lenders and mortgage brokers access to Flyhome products, including “buy before you sell” and short-term bridge loan products. This means they take the loan application, submit it and earn compensation for the transaction. “To This is just one more arrow in their quiver.”

Loan Officer 396

Loan Officer Loans Mortgages Equity 396

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 356

Equity Loan Officer Principal Loans 356

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 438

Mortgages Brokerage Loan Officer Lending 438

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 404

Backup offer Loan Officer Home sale contingency Branding 404

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). To succeed, companies will need to empower their teams with the tools, training and decision-making authority to help them win share on a loan-by-loan, borrower-by-borrower basis as quickly as possible.

Loan Officer 399

Loan Officer Lending Technology Loans 399

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 373

Loan Officer Commercial Investor Banks 373

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 454

Finance Seller concession Loan Officer Loans 454

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. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officer 397

Loan Officer Mortgages Loans Closing costs 397

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 388

Equity Loan Officer Residential Commercial 388

Housing Wire

AUGUST 17, 2023

5000 list was VA Wholesale Mortgage , which specializes in offering home loans to veterans and active duty military members. InstaLend is a tech-enabled real estate loan lender that provides capital to residential developers through streamlined technology and automated workflow, according to its website. Zap Mortgage (no.294)

Mortgages 370

Mortgages Loan Officer Fixed-rate mortgage Loans 370

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 396

Loan Officer Equity Finance Loans 396

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 387

Mortgages Loan Officer Banks Lending 387

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 383

Mortgages Loan Officer FHA loan Equity 383

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 come in the forms of grants, second mortgages, deferred loans and forgivable loans.

FHA loan 450

FHA loan Loans Closing costs Loan Officer 450

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 394

Purchase and sale agreement Equity Loan Officer Mortgages 394

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

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

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 522

Equity Marketing Loans Bankruptcy 522

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 397

Mortgages Equity Loans Seller concession 397

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. A 40%-plus net share of all U.S.

Lending 363

Lending Banks Mortgages Loan Officer 363

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 418

Banks Lending Loan Officer Equity 418

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 363

FHA loan Loan Officer Loans Mortgages 363

Housing Wire

MAY 25, 2023

The origination activity will cease effective July 31, 2023, but all outstanding mortgage loans will continue to be serviced in accordance with the terms and conditions of the agreements. The company had 53 active loan officers and 30 branches, per the Modex data. loans, adjustable rates, and home equity, among others.

Mortgages 381

Mortgages FHA loan Loan Officer Banks 381

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 396

Agents Loan Officer Lending MLS 396

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 358

Sales Mortgages Loans Loan Officer 358

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. Mark Glebman, Caliber Home Loans. But for loan professionals, relief doesn’t pay the bills.

Mortgages 384

Mortgages Loan Officer Loans Equity 384

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 397

Loan Officer Loans Lending Mortgages 397

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 397

Equity Loan Officer Loans Technology 397

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. It just seems like the morale is better out there, for sure.”

Development 425

Development Industrial Mortgages Loans 425

Housing Wire

NOVEMBER 15, 2022

Evaluating which tools in your current stack have the largest ROI and streamlining the use of them are key to ensuring loan officers are working most efficiently. Strategies including the cost of waiting, rent vs buy, and other loan opportunities for first-time homebuyers will help optimize the top of your funnel.

Loan Officer 429

Loan Officer Marketing Loans Technology 429