Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

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.

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Equity Purchase and sale agreement Loan Officer Lending 488

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 448

Equity Purchase and sale agreement Marketing Lending 448

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. While mortgage rates are high, rent in the Tampa Bay, Florida market has also been rising. It’s starting to even out.

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Loan Officer Loans Pre-approval Mortgages 397

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.

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Loan Officer Mortgages Loans Equity 285

Housing Wire

NOVEMBER 5, 2024

Chief financial officer David Hayes said in a statement that in the third quarter, there was a “modest improvement in the mortgage market, coupled with the company’s positive operating leverage,” which fueled the return to profitability. “As Costs may increase as the company continues to add loan officers and operations team members.

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Purchase and sale agreement Equity Loan Officer Principal 397

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.

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Lending Equity Banks Loans 475

Housing Wire

DECEMBER 27, 2022

Marty Green thinks of the housing market in 2022 as two very different movies. But the housing market in the second half of 2022? By September, a full-fledged housing market recession had set in. The 2002 housing market has been a tale of two halves,” said Green. A mortgage rate lockdown freezes the housing market.

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Marketing Equity Loans Bankruptcy 529

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). She expects that momentum to continue this year.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

NOVEMBER 15, 2022

Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation. 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.

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Loan Officer Marketing Loans Technology 468

Housing Wire

APRIL 28, 2025

Its a busy time to be in the proprietary reverse mortgage space, with new and relaunched products hitting the market and other additional features being added to existing product catalogs. 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.

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Loans Loan Officer Equity Closing 255

Housing Wire

APRIL 7, 2025

Reverse mortgage industry performance metrics have continued their soft trend into the third month of the year, though activity in the secondary market was slightly higher than the month prior. In conversations with loan officers, they are seeing a greater need for reverse mortgages, McCue said.

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Mortgages Loan Officer Loans Industrial 249

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. Profitability may resemble the market in 2018 , when around one-third of nonbank lenders failed to turn a profit.

Mortgages 526

Mortgages Marketing Lending Loans 526

Housing Wire

JUNE 20, 2024

The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling. ” NFM Lending is licensed in 49 states and Washington, D.C.

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Lending Loans Loan Officer Equity 448

Housing Wire

SEPTEMBER 23, 2024

San Diego-based Smartfi Home Loans , which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer.

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Marketing Loan Officer Industrial Mortgages 448

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 448

Lending Mortgages Equity Loan Officer 448

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 435

Loan Officer Lending Loans Equity 435

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%). Better posted a net loss of $51.5

Loans 448

Loans Loan Officer Equity Mortgages 448

Housing Wire

MARCH 19, 2025

Editor in Chief Sarah Wheeler sat down with Chad Smith, president and COO of Better Mortgage , to talk about leadership, technology, and how they have pivoted their business strategy to meet the needs of this market. Smith joined Better in May 2024 after serving in senior leadership roles at Mission Loans, Caliber Home Loans and loanDepot.

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Loan Officer Loans Technology Mortgages 270

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity.

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Fixed-rate mortgage Mortgages Loan Officer Loans 528

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. AnnieMac CEO Joseph Panebianco expressed his enthusiasm about the addition of Aubourg to the company’s executive team.

Mortgages 443

Mortgages Loan Officer Lending Equity 443

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.

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Equity Loan Officer Residential Commercial 418

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 418

Loan Officer Equity Finance Loans 418

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.

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

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

MAY 24, 2024

Just about a year ago, Chicago-based multichannel mortgage lender Guaranteed Rate announced its plans to expand its reverse mortgage division — including around the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) product. For some forward loan officers, this is a brand-new opportunity,” Pohlmann said.

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Loan Officer Mortgages Loans Sales 444

Housing Wire

DECEMBER 29, 2023

After nearly two years of trudging through a frozen housing market , the consensus among mortgage professionals is that the worst of it is over. Mortgage professionals say 2024 will be a ‘recovery year’ as markets slowly return to normal. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

MARCH 28, 2024

the parent of digital lender Better.com , narrowed its net loss between the third and fourth quarters of 2023 by more than 80%, driven by expense cuts to its platform and marketing efforts. Going forward, Better is focused on driving market share and reaching profitability in the medium term. Better Home & Finance Holding Co. ,

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Loan Officer VA loan Loans Technology 459

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 459

Mortgages Loan Officer Banks Equity 459

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 435

Industrial Mortgages Loan Officer Banks 435

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

SEPTEMBER 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. However, he added, “We’re leaning into the anticipation that the market will continue to rebound and rates will moderate.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

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.

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Loan Officer Loans Equity Finance 202

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). Yet staggeringly few are aware of its existence.

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Finance Seller concession Loan Officer Loans 482

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?

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Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

SEPTEMBER 22, 2023

The Federal Reserve ‘s effort to temper inflation has cooled the housing market that remains subdued with mortgage rates north of 7%. However, a silver lining in the subdued housing market is the strength in new-home sales. They were withdrawing volatility from the market, and they were lowering rates to benefit consumers.

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FHA loan Bankruptcy Marketing Loans 476

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 418

Equity Loan Officer Loans Technology 418