Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. And the company has been hiring loan officers at a good clip over the last year, according to NMLS data. That’s an annualized $3.2

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Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. The lower comp rate stung. Still, it was better than nothing.

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Loan Officer Loans Lending Mortgages 463

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. 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.

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Lending Mortgages Loan Officer Principal 477

Housing Wire

MAY 21, 2024

will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans. NEXA Mortgage , the largest mortgage brokerage firm in the U.S.,

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Loan Officer Loans Brokerage Equity 436

Housing Wire

MAY 21, 2025

” HousingWire spoke with executives at three companies Sierra Pacific Mortgage , Logan Finance Corp. One example is that it allows us to do income calculation upfront for our broker partners and our loan officers, which helps them better prequalify the borrowers. These interviews have been edited for length and clarity.

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Mortgages Loan Officer Banks Loans 362

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. “The The new states are Arizona, Nevada, Oregon and Utah.

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Mortgages Equity Loan Officer Loans 413

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? According to the Federal Housing Administration (FHA), there were only 2,063 HECM for Purchase loans endorsed in 2022 — that’s less than 1/10th of 1% of homes sold last year.

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Finance Seller concession Loan Officer Loans 463

Housing Wire

JUNE 11, 2025

Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. billion in mortgages in the first quarter of 2025, ranking 19th nationally, according to Inside Mortgage Finance. of its loans being purchase transactions. Fairway originated $4.6

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Mortgages Loan Officer Lending Branding 374

Housing Wire

OCTOBER 30, 2024

But public filings analyzed by Inside Mortgage Finance revealed that seller repurchases rose to $430 million in the second quarter of 2024 — a 29% increase from the previous quarter. Feedback for LOs Freddie Mac is also enhancing its Loan Product Advisor (LPA) automated underwriting system with LPA Choice.

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Debt-to-income ratio Loans Loan Officer Finance 413

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. What I tell all loan officers, no matter who I talk to, is that there’s no foreclosure crisis coming on the horizon,” Saghafi said.

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Loan Officer Loans Mortgages As-is 425

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

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Finance Agents Mortgages Loan Officer 425

Housing Wire

MAY 2, 2025

billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data. Some prospective borrowers particularly those who fall outside rigid income qualification framework from Fannie Mae and Freddie Mac need to make non-contingent offers and move quickly without traditional financing roadblocks, the company stated.

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Closing Loan Officer Finance Loans 291

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

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Mortgages Loan Officer Finance Lending 370

Housing Wire

NOVEMBER 1, 2024

About one in three (35%) received special financing, while 26% made their purchase offer contingent upon a lower rate. Zillow home trends expert Amanda Pendleton noted a trend of new buyers thinking outside the box when it comes to mortgage financing.

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Mortgages Finance Loan Officer Loans 308

Housing Wire

MARCH 11, 2025

We’re going to be able to provide so much value to our partners and we’re going to give our partners and loan officers something nobody has and step out into the future here,” said Craig Snell, vice president of sales at Milestone. . “With this technology , we’re going to be able to flip the script.

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Loans Mortgages Loan Officer Technology 370

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., In terms of compensation, Garg said that he envisions a different model than Better’s call-center loan officers. And then three, the NEO loan officers are going to get the benefit of being able to serve Better’s customer base in the local markets you know that they operate in.”

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Mortgages Loan Officer Loans Technology 370

Housing Wire

OCTOBER 28, 2024

Equally important is the ability to proactively and automatically detect within an existing customer database who is ready to buy, so loan officers can reach out to those borrowers before they even act. Sales automation solutions like ICE Velocify help them connect with borrowers faster and stay one step ahead of the competition.

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Loan Officer Pre-approval Technology Loans 413

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

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Loan Officer FHA loan Loans Mortgages 400

Housing Wire

MAY 12, 2025

Bidding wars for producing mortgage loan officers are back with a vengeance and it’s largely in the hopes of capitalizing on an upcoming refinance wave, recruiters and executives tell HousingWire. Then, loan officers licensed in multiple states can support the retention team by handling those loans.

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Mortgages Loan Officer Lending Loans 351

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. Our mortgage industry is experiencing a fundamental shift.

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Mortgages Loan Officer Marketing Loans 362

Housing Wire

OCTOBER 23, 2024

They want the ease and efficiency of automated platforms and a borrower-friendly user interface, but they are still relying on loan officer involvement,“ Moskver said in a statement. About 58% of respondents still relied on loan officers to guide them through the process.

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Mortgages Loan Officer Loans Technology 436

Housing Wire

JUNE 12, 2025

The transaction brings together Chimera “loan securitization, structured finance, and third-party loan management and advisory services with HomeXpress’ loan origination platform,” said Phillip J. million shares of Chimera common stock. The companies expect the transaction to close in the fourth quarter of 2025.

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Loan Officer Principal Loans Mortgages 316

Housing Wire

OCTOBER 17, 2024

Better Home & Finance, the parent company of digital lender Better.com , launched its voice-based artificial intelligence loan assistant on Thursday. This is true disruption of the non-licensed tasks performed by armies of traditional customer service reps, loan officers, and processors in the mortgage industry,” Garg added.

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Loans Loan Officer Lending Mortgages 413

Housing Wire

DECEMBER 4, 2024

“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” Most recently, Lindsay served as a mortgage loan officer at U.S.

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Lending Mortgages Loan Officer Loans 386

Housing Wire

NOVEMBER 14, 2024

billion in mortgage loans from January to September, up 8.8% compared to the same period in 2023, according to Inside Mortgage Finance (IMF) estimates. Pennymac, a powerhouse in the correspondent channel, produced more than three times more loans, with a total of $79.8 Clevaland-based CrossCountry Mortgage originated $25.6

Mortgages 370

Mortgages Loan Officer Loans Banks 370

Housing Wire

APRIL 22, 2025

This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings. Offer creative financing solutions Buyers need flexibility. In this market, a one-size-fits-all loan product certainly wont cut it.

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Loan Officer Finance Loans Mortgages 364

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank.

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Loan Officer Lending Loans Technology 341

Housing Wire

JUNE 13, 2025

Optimal Blue introduces automated refi tool As refi activity shows signs of life, Optimal Blue launched a new tool to help loan officers capture refinance opportunities automatically. The tool, Capture for Originators, identifies leads, runs pricing, and preps borrower presentations — cutting hours of manual work.

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Industrial MLS Loan Officer Lending 266

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. But my biggest focus initially is going to be the loan officers.

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Loan Officer Loans Technology Mortgages 413

Housing Wire

JANUARY 31, 2025

John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region. We’re excited to welcome him to the Evergreen Home Loans family.” His career began in 1989 as a loan officer with Norwest Mortgage.

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Loans Loan Officer Construction Banks 335

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.

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New Construction Construction Marketing Equity 332

Housing Wire

FEBRUARY 4, 2025

” “We are thrilled to partner with zavvie to make Arrival’s products available to zavvie’s impressive network of loan officers and real estate agents ,” Simon Chen, CEO of Arrival Home Loans, said in a statement. Arrival Home Loans, which is powered by Pacific Private Money Inc.

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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.

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Housing Wire

FEBRUARY 11, 2025

There’s going to be ins and outs and fluctuations [in mortgage] in seasonal quarter to quarter, but it’s really strong growth against a really challenged market, and our enhanced market strategy is really driving the bulk of that as we introduce customers to Zillow Home Loans if they want to start with financing, Wacksman said.

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Purchase and sale agreement Loan Officer Loans Finance 346

Housing Wire

OCTOBER 30, 2024

The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Lending Loan Officer Banks Loans 425

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 The company said about 40 independent brokerages with about 2,200 agents in total joined under these terms.

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Housing Wire

JUNE 10, 2025

1 loan originator in the country by volume for at least five years, was announced as the new president of Rate Mortgage. 8 on Inside Mortgage Finance ’s list of top originators with just under $40 billion in volume last year. In March, Shant Banosian, the No. ’ I want to be viewed as a partner.” I have street credit.

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