Housing Wire

MAY 20, 2025

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. ” 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.

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Lending Sales Loan Officer Equity 226

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.

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New Construction Construction Marketing Equity 329

Housing Wire

MARCH 19, 2025

All three of the company’s product channels purchase, refinance and home equity saw annualized growth. Purchase business was up 25%, refinances soared 611% and home equity products (which include HELOCs and closed-end second-lien loans) saw 416% year-over-year growth. It finished 2024 with $3.6

Loan Officer 285

Loan Officer Mortgages Loans Equity 285

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).

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Mortgages Lending Loan Officer Loans 403

Housing Wire

NOVEMBER 5, 2024

Costs may increase as the company continues to add loan officers and operations team members. Its pull-through gain-on-sale margin was 3.29% in Q3 2024, compared to 3.22% in Q2 2024. The pull-through gain-on-sale margin is expected to be between 2.85% and 3.05%. Meanwhile, the company’s total revenues reached $314.6

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Purchase and sale agreement Equity Loan Officer Principal 388

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.

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Lending Equity Banks Loans 459

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%

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Equity Purchase and sale agreement Marketing Lending 430

Housing Wire

MAY 19, 2025

Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well. Existing resources, needed work Rate managed to become one of the top 20 Home Equity Conversion Mortgage ( HECM ) lenders in the country last year.

Mortgages 315

Mortgages Loan Officer Loans Industrial 315

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.

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Sales Mortgages Loan Officer Loans 430

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.

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Purchase and sale agreement Loan Officer Loans Equity 246

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.

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Sales Equity Loan Officer Finance 388

Housing Wire

DECEMBER 30, 2024

Lisa Moriello Lisa Moriello, national retail reverse sales manager at loanDepot , said that this outreach was a bright spot in 2024 and fully expected both industry-wide and company-specific efforts to continue into the new year.

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Mortgages Technology Loan Officer Industrial 388

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.

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Investor Sales Mortgages Loan Officer 384

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.

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Mortgages Loan Officer Loans Principal 275

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.

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Industrial Mortgages Loan Officer Equity 222

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 218

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 417

Equity Loan Officer Lending Loans 417

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.

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Loan Officer Technology Loans Mortgages 291

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.

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Loan Officer Lending Loans Finance 430

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 430

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.

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Mortgages Equity Loans Lending 222

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.

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Marketing Equity Bankruptcy Loans 528

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.

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Industrial Mortgages Loan Officer Loans 441

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 460

Mortgages Loan Officer Loans Equity 460

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 426

Mortgages Loan Officer Lending Equity 426

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.

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Loan Officer Mortgages Loans Sales 427

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.

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Finance Seller concession Loan Officer Loans 468

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 430

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.

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Loan Officer Marketing Technology Loans 451

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 441

Industrial Mortgages Loan Officer Loans 441

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.

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Loan Officer Equity Finance Loans 403

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.

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Pre-approval Equity Loan Officer Brokerage 399

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. .

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Equity Loan Officer Loans Technology 403

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

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Loan Officer Mortgages Loans Closing costs 403

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.”

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Mortgages Loan Officer Lending Loans 430

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.

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Loan Officer VA loan Loans Technology 441

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.

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Mortgages Equity Loans Seller concession 403