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. If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

New Construction 312

New Construction Construction Marketing Equity 312

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending. But it’s not all grim news.

Lending 475

Lending Equity Banks Loans 475

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. homeowners saw home equity increase 1.7%

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 448

Sales Mortgages Loan Officer Loans 448

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 397

Sales Equity Loan Officer Finance 397

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 213

Industrial Mortgages Loan Officer Equity 213

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 255

Mortgages Loan Officer Loans Principal 255

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams.

Investor 392

Investor Sales Mortgages Loan Officer 392

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.

Equity 435

Equity Loan Officer Lending Loans 435

Housing Wire

NOVEMBER 21, 2023

Shamrock ‘s chief growth officer Kurt Noyce and president Rod Correia will lead the team of sales and support professionals, which will remain in their current locations. The group will be branded as Shamrock, Powered by CMG Home Loans. 21, NMLS showed the lender had eight loan officers and 13 branches.

Loan Officer 448

Loan Officer Lending Loans Finance 448

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.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

MAY 6, 2024

AnnieMac Home Mortgage appointed Ian Aubourg to the role of senior vice president of retail sales, the Mount Laurel, New Jersey -based lender announced Monday. 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.

Mortgages 443

Mortgages Loan Officer Lending Equity 443

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. Traditionally, there have been reverse sales forces, and there have been forward sales forces,” he said.

Loan Officer 444

Loan Officer Mortgages Loans Sales 444

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 202

Loan Officer Loans Equity Finance 202

Housing Wire

MARCH 19, 2025

In distributed, retail or local, thats a 24-hour assistant where they are answering task-based pipeline questions that don’t need our highly talented sales person taking those calls. SW: How do you attract high quality loan officers and other mortgage professionals? And the consumers love it.

Loan Officer 270

Loan Officer Loans Technology Mortgages 270

Housing Wire

SEPTEMBER 25, 2024

These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. 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.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

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.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

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 448

Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. 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.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. This will enable borrowers to view accurate, side-by-side home loan comparisons, Mortgage Coach and Sales Boomerang said.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

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. The tool is about injecting the human element at the right time and giving sales staff the intelligence through data and insights to have those meaningful conversations.

Loan Officer 468

Loan Officer Marketing Loans Technology 468

Housing Wire

JUNE 13, 2024

According to the most recent Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), Annapolis, Maryland-based South River Mortgage is the ninth-largest reverse mortgage lender in the country with 496 endorsements in the 12-month period ending May 31. I’m excited about where we’re headed.

Mortgages 468

Mortgages Loan Officer Loans Equity 468

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

JUNE 24, 2021

By the time the average US homeowner retires, it’s often stated that 83% of their wealth will come from their real estate’s equity, however, the challenge is most homeowners don’t consider their home an asset. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 412

Pre-approval Equity Loan Officer Brokerage 412

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

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 418

Loan Officer Mortgages Loans Closing costs 418

Housing Wire

SEPTEMBER 11, 2024

To get a better idea of what the division hopes to accomplish in the future, HousingWire ’s Reverse Mortgage Daily sat down with Sean Kirksey, vice president of reverse mortgage at CMG Home Loans. This is the experienced person you’re referring to — someone who’s been in the business for a long time and has done the sales.”

Mortgages 448

Mortgages Loan Officer Lending Loans 448

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 459

Loan Officer VA loan Loans Technology 459

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 448

Loan Officer Lending Loans Equity 448

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. Jumbo loan volume increased 3.1% ” Tapping that equity.

Mortgages 418

Mortgages Equity Loans Seller concession 418

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.” Richards noted that bringing on partners like Yen has been quite influential to the continued growth of Flyhomes.

Loan Officer 448

Loan Officer Loans Mortgages Equity 448

Housing Wire

MAY 22, 2024

Department of Housing and Urban Development (HUD), the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program saw its share of total HECM endorsements in 2023 rise to its highest level since 2019. On the other hand, increased interest has led the company to close more H4P loans, she said. “We’ve

Mortgages 458

Mortgages Loan Officer Lending Loans 458

Housing Wire

JUNE 22, 2022

UWM’s price-matching guarantee included competitors such as Amerisave, Amwest Funding , NewRez/Caliber Home Loans , Cardinal Financial, Carrington Mortgage Services , Citizen Bank/Franklin American , CMG , Equity Prime Mortgage , Finance of America Mortgage , Flagstar Bank , Freedom Mortgage Corp., While loan originations dropped 29.7%

Loans 459

Loans Loan Officer Banks Mortgages 459

Housing Wire

AUGUST 20, 2024

According to Home Equity Conversion Mortgage (HECM) endorsement data compiled by Reverse Market Insight (RMI), the company grew its endorsement volume by roughly 870% year to date through July, as noted by RMI’s Jon McCue in a recent interview with HousingWire ’s Reverse Mortgage Daily (RMD). “I

Mortgages 444

Mortgages Loan Officer Lending Loans 444

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). It’s almost an expectation for many — especially those tasked with sales. The end result is an enhanced customer experience which brings loan officer availability and effectiveness to a new level.

Loan Officer 435

Loan Officer Lending Technology Loans 435

Housing Wire

MARCH 14, 2024

Lisa Moriello, the national retail reverse mortgage sales manager at multichannel lender loanDepot , recently spoke to RMD about how business in 2024 seemed to be off to a promising start. That puts far more pressure on fixed-income retirees, which could lead to conversations about tapping into home equity, she said.

Mortgages 447

Mortgages Loan Officer FHA loan Equity 447