Housing Wire

MAY 14, 2024

Better Home & Finance Holding Co. , the parent of digital lender Better , strongly improved its mortgage production and revenues in the first three months of 2024. Funded loan volumes came in at $661 million, up 25% quarter over quarter. Regarding expenses, Better has shifted its compensation structure to loan officers.

Loans 414

Loans Loan Officer Equity Mortgages 414

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? They own the home with their name on the title, as with any mortgage, traditional or reverse. Yet staggeringly few are aware of its existence.

Finance 450

Finance Seller concession Loan Officer Loans 450

Housing Wire

FEBRUARY 15, 2024

Department of Veteran Affairs (VA) loans through its Tinman platform. We were focused on being able to take a consumer all the way through on our technology platform for just the conventional loans, and we achieved that milestone back in the summer of 2023. VA loans are 12% of the mortgage market,” Garg said. “VA

VA loan 404

VA loan Loans Loan Officer FHA loan 404

Inman

NOVEMBER 8, 2023

According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever.

Loan Officer 180

Loan Officer Loans Mortgages Industrial 180

Housing Wire

MARCH 20, 2024

About 65 mortgage professionals have not transitioned from AmCap Home Loans to its acquirer, CrossCountry Mortgage (CCM), and rival New American Funding (NAF) has hired the AmCap personnel to expand its business in Texas, the lender announced last week. According to Inside Mortgage Finance , NAF was the 31st largest U.S.

Mortgages 424

Mortgages Loan Officer Loans Finance 424

Housing Wire

APRIL 22, 2024

Industry veteran Rick Roque has resigned from his position as corporate vice president at retail mortgage lender CrossCountry Mortgage (CCM) to join multichannel player Sierra Pacific Mortgage as executive vice president of retail. Roque, who co-founded M&A and retail mortgage banking firm Menlo Co.

Mortgages 413

Mortgages Loan Officer Loans Banks 413

Housing Wire

DECEMBER 9, 2020

trillion this year, stretching the capacity limits of lenders and everyone else in the housing ecosystem, some mortgage applicants simply haven’t been worth his while. “I I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado.

Loans 502

Loans Closing Loan Officer Mortgages 502

Housing Wire

FEBRUARY 13, 2024

Guild Mortgage has struck a deal to acquire retail rival Academy Mortgage Corporation , which could result in an additional 800-plus loan officers across the country, multiple sources told HousingWire. Of the total, 61% were conventional and 80% were purchase loans. billion in MSRs). billion in MSRs).

Mortgages 424

Mortgages Loan Officer Loans Finance 424

Housing Wire

APRIL 24, 2024

As any professional involved in it will know, bringing new people into the fold of the reverse mortgage business can be a difficult task. Reputational challenges , the narrow focus of the product and low mortgage market penetration are just a few of the reasons why. With the right ambassador, that task is made simpler.

Mortgages 412

Mortgages Loan Officer Principal Loans 412

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The final mortgage rate, however, will ultimately be different for every borrower’s situation.

Mortgages 424

Mortgages Loan Officer Loans Finance 424

Housing Wire

MAY 10, 2024

Holding company Better Home & Finance hired Chad Smith to be the president and chief operating officer of its mortgage business, it announced on Friday. Kevin Ryan, who previously held the position of president, will continue serving the company as chief financial officer.

Loan Officer 378

Loan Officer Loans Industrial Finance 378

Housing Wire

MAY 8, 2024

mortgage lender Newrez , owned by asset manager Rithm Capital , is imposing a round of layoffs to its workforce following the acquisitions of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). The layoffs include mortgage professionals such as processors, underwriters and loan officers.

Loan Officer 414

Loan Officer Principal Loans Mortgages 414

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Mortgage rates are around 7.7%, the highest levels in over 20 years, and LOs across America are having to reset their strategies. There’s growing concern in the mortgage industry that rates could even touch 8% before they fall below 7%. Really struggling.

Loan Officer 404

Loan Officer Mortgages Fixed-rate mortgage Loans 404

Housing Wire

APRIL 23, 2024

New York-based multichannel lender US Mortgage Corporation previously announced that it was renewing its efforts in the reverse mortgage industry, having hired industry veteran Ken Krajewski to serve as managing director and head of reverse mortgage lending. Proprietary product offerings are on the table as well.

Mortgages 409

Mortgages Loan Officer Investor Lending 409

Housing Wire

MAY 6, 2024

mortgage lender Fairway Independent Mortgage Corp. The company announced last week that, in April, it welcomed production teams that collectively originated more than $500 million in mortgage volume in 2023. These groups are bringing a total of 92 mortgage professionals to Fairway. The lender originated $5.15

Loan Officer 414

Loan Officer Loans Lending Mortgages 414

Housing Wire

JANUARY 19, 2024

Country Club Mortgage , a home lender based in California , has decided to lay off over 100 employees due to “facility closures,” documents sent to state regulators show. Job cuts include the leadership – the president and CEO, the finance manager and the credit risk officer. More than 50 mortgage loan officers were let go.

Mortgages 450

Mortgages FHA loan Loan Officer Loans 450

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

Residential 471

Residential Lending Banks Mortgages 471

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule. You should be finding buyers before real estate agents anyway.”

Industrial 498

Industrial Seller concession Purchase and sale agreement Agents 498

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The significant cost savings of working with an independent mortgage broker has also become more widely known. Government data from HMDA shows borrowers are saving, on average, over $9,400 over the life of a loan.

Industrial 441

Industrial Loan Officer Marketing Loans 441

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

Loan Officer 370

Loan Officer Mortgages Loans Finance 370

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors.

Loan Officer 414

Loan Officer Technology Loans Finance 414

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. NEXA did $6.29

Mortgages 433

Mortgages Brokerage Loan Officer Lending 433

Housing Wire

MARCH 22, 2023

Homebot , a home education portal that keeps people connected to their loan officers and real estate agents, acquired Quo Finance , a mobile app for first-time homebuyers. Quo’s team, led by co-founders Tucker Hass and Neel Yerneni, will join Homebot. Terms of the transaction were not disclosed.

Finance 381

Finance Loan Officer Loans Development 381

Housing Wire

OCTOBER 9, 2023

A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. The app offers users the standard fare you’d expect in a mortgage app from a major fintech lender. As of Oct.

Mortgages 414

Mortgages Loan Officer Loans Technology 414

Housing Wire

MARCH 23, 2022

As the housing market continues to move from last year’s refinance boom, lenders’ ability to identify customers and maintain consumer relationships has become more important than ever in not only securing loans but also ensuring they make it to close. HousingWire: What role are marketers playing in this current?

Finance 366

Finance Loan Officer Loans Lending 366

Housing Wire

FEBRUARY 14, 2024

Guild Mortgage ’s acquisition of Academy Mortgage Corp. With the acquisition of Academy, Guild will be onboarding nearly 200 branches and 1,000 new employees, about 600 of which are loan officers. But she said there was no “serious talk” about an M&A deal until the end of 2023 amid a depressed mortgage market.

Mortgages 414

Mortgages Loan Officer Loans Closing 414

Housing Wire

MAY 1, 2024

Longtime reverse mortgage industry professional, advocate and leader Scott Norman has been appointed as the new CEO of the Texas Mortgage Bankers Association (TMBA). Norman is currently serving his fifth consecutive term as co-chair of the National Reverse Mortgage Lenders Association (NRMLA).

Mortgages 414

Mortgages Finance Industrial Loan Officer 414

Housing Wire

JUNE 22, 2023

relaunched its forward mortgage originations. It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Of the 400 employees scooped up by American Pacific Mortgage (APM) late last year, about 20 LOs have returned to AmeriFirst Financial.

Loan Officer 370

Loan Officer Mortgages Loans Lending 370

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officer 404

Loan Officer Loans Banks Title 404

Housing Wire

FEBRUARY 15, 2024

United Wholesale Mortgage (UWM) has accused California-based brokerage and correspondent lender Mortgage Solutions FCS, dba Client Direct Mortgage, of breaching its early payoff (EPO) provision and its owner, Ramon Walker, of trademark infringement. These mortgages allegedly represent a balance of $124,011.37 28, 2023.

Mortgages 403

Mortgages Loan Officer Loans Brokerage 403

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.

Loan Officer 414

Loan Officer Lending Loans Finance 414

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. naturally exposing her more closely to the American reverse mortgage industry. But the problem is they’re cash-flow poor in relative terms.”

Mortgages 450

Mortgages Finance Loan Officer Equity 450

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator. His team will be making the move with him.

Loan Officer 414

Loan Officer Loans Lending Mortgages 414

Housing Wire

NOVEMBER 1, 2023

The coming winter is expected to be an existential test of survival for many independent mortgage banks (IMBs), according to leaders of several mortgage advisory firms. “We’re really at the darkest part of the market this winter,” Brian Hale, CEO and founder of consultancy Mortgage Advisory Partners , said. .

Mortgages 433

Mortgages Loan Officer Loans Banks 433

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. Government residential mortgage was an exception, where standards remained basically unchanged. Responses were received from 62 domestic banks and 19 U.S.

Lending 471

Lending Banks Mortgages Loan Officer 471

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , 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.

Loan Officer 424

Loan Officer VA loan Loans Technology 424

Housing Wire

OCTOBER 31, 2022

Movement Mortgage on Friday announced the appointment of Lyra Waggoner as its chief information officer. Waggoner’s professional career spans 18 years in the mortgage industry. Michael Brennan, president of Movement, said Waggoner can empower loan officers with the tools they “need to win.”. Presented by: Polly.

Mortgages 370

Mortgages Loan Officer Loans Technology 370