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 new states are Arizona, Nevada, Oregon and Utah.

Mortgages

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. Understanding todays mortgage market challenges 1.

Mortgages

Housing Wire

JANUARY 30, 2025

Tom Davis: When you’re working with a professional and you want expertise, you’re going to want to work with someone who is the expert in your market. Davis: Either you take market share or someone takes yours, right? Financing for mid-tier builders has become less liquid or choppy compared to the mega builders, right?

New Construction

Housing Wire

MAY 2, 2025

billion in mortgages in 2024, up 15% year over year, according to Inside Mortgage Finance data. Dubbed Rate Portfolio, the new products are being introduced in a competitive purchase market. Among loan officers, the biggest misconception is that these loans are more difficult to originate and take longer, Banosian said.

Closing

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.

Lending

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. points,” Mittal said. “In

Debt-to-income ratio

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.

Mortgages

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

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., million in Q2 2024 related to mark-to-market impacts on its lock pipeline. million in cash, restricted cash, short-term investments and self-funded loans. In terms of compensation, Garg said that he envisions a different model than Better’s call-center loan officers.

Mortgages

Housing Wire

APRIL 22, 2025

housing market, with more listings hitting the market and warmer weather making it easier for buyers to tour homes and explore their options. This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings.

Loan Officer

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. The task would be difficult in any market. The real question is when that opportunity will come.

Mortgages

Housing Wire

JUNE 23, 2025

The company, which owns the rights to the market’s most widely adopted consumer credit risk assessment methodology, announced the move on Monday. BNPL is a type of short-term financing that gained popularity during the COVID-19 pandemic, particularly among younger and underserved consumers shopping online.

Loan Officer

Housing Wire

JULY 14, 2025

the parent of Guild Mortgage , has left loan officers wondering how the traditionally purchase-focused lender would integrate refinance capabilities to leverage the $770 billion servicing portfolio of soon-to-be sister company Lakeview Loan Servicing , the nation’s second-largest mortgage servicer.

Mortgages

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.

Loans

Housing Wire

FEBRUARY 11, 2025

Despite a stagnant housing market, Zillow reported that its revenue was up by double-digit percentages across the board in both the fourth quarter and the entire 2024 calendar year. Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%.

Purchase and sale agreement

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.

Mortgages

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. As of mid-March 2025, Zillow had a market capitalization of $16.73 But Zillow has that recognizable consumer brand.

Loan Officer

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. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans.

Loan Officer

Housing Wire

NOVEMBER 14, 2024

mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. On Wednesday, CCM announced Vandad Fartaj as the chief investment officer, William Chang as chief capital markets officer, and Tom Rettinger as chief portfolio risk officer.

Mortgages

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.

Loan Officer

Housing Wire

MARCH 20, 2025

“ It won’t do much now because their market shares are relatively small, but in a couple years they’re going to have a wall of scalps,” said one attendee. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. billion deal for Redfin.

Mortgages

Housing Wire

MAY 8, 2025

The company now has 97 loan officers, half of whom are also licensed real estate agents who originate loans. According to Poleg, this helps agents deliver a more connected, transparent financing experience for clients. We stay focused on building a model that works in any market. million in Q1 2025.

Technology

Real Estate News

JULY 18, 2025

Skip to Content Agents Brokerages MLS/Assn Tech Industry By the Numbers Consumer Illustration by Lanette Behiry/Real Estate News Industry Homeownership education needs a reboot — and a new messenger Loan officers and financial advisors need to meet aspiring buyers where they are as many increasingly turn to social media for home financing advice.

Loan Officer

Housing Wire

OCTOBER 23, 2024

UWM’s new offering arrives during a period of declining interest rates and growing competition in the mortgage refinance market. The real advantage of this product lies in UWM’s aggressive marketing to mortgage brokers. UWM did not disclose its secondary market strategy, which is typical for the company.

Equity

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. to 53 loans, its highest monthly figure since September, according to RMI. to 66 loans. Mutuals endorsement count fell by 2.1%

Mortgages

Housing Wire

MARCH 6, 2025

The stagnant housing market has brokerages across the country on their knees, but The Real Brokerage isnt waiting for market conditions to improve to grow its business. We believe our agent attraction pipeline is strong, and we are confident in continuing this momentum into 2025 regardless of broader market conditions.

Brokerage

Housing Wire

DECEMBER 30, 2024

The good news for 2024 for us was that we had a lot of forward loan officers realize that reverse mortgages are a great piece [to add to] their business, and a lot of people took the initiative to get certified, she said.

Mortgages

Housing Wire

JULY 11, 2025

Lead generation for mortgage brokers and officers is all about consistently filling your pipeline with individuals who are interested in buying a home now or in the future. All of these professions come into contact with individuals who are buying homes and could need a loan. Check out LendingTree.

Mortgages

Housing Wire

MAY 13, 2025

Better Home & Finance Holding Co. At the core of this strategy is Better s AI loan assistant, Betsy , which executed 127,000 consumer interactions in March. Another notable factor in accomplishing all three goals is Better’s partnership with NEO Home Loans , announced in January.

Purchase and sale agreement

Housing Wire

MAY 14, 2025

The more detailed responsibilities include showing and listing properties, generating leads for your business, marketing your services on and offline, maintaining communications with current and past clients, leveraging technology to build your business and creating a network of real estate professionals.

Property Management

Housing Wire

DECEMBER 4, 2024

She joins the company’s leadership team to further its presence and performance in the Washington market. Rate executive Rich Kamien praised Lindsay for delivering consistently in an unpredictable market. “She has steadily demonstrated her ability to deliver consistent rates even in the most volatile market conditions.

Lending

Housing Wire

MAY 27, 2025

Underwriting software applies machine learning algorithms to rapidly process applicant data, discern patterns, compare to current market conditions, identify red flags and quantify risks. But the potential benefits of the AI revolution in mortgage lending arent just speculation; they are already producing meaningful results. Gillen, Ph.D.,

Mortgages

Housing Wire

NOVEMBER 4, 2024

Much of this work was conducted on large national listing portals, but I also utilized Altos Research market reports to track home-price and inventory trends in my search area of southern New Hampshire. But in another stroke of luck, I have a cousin who is a loan officer at Guild Mortgage.

Purchase and sale agreement

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.

Loans

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.

Loan Officer

Housing Wire

JULY 31, 2025

Qualified clients who finance with Rocket and work with a Redfin agent have a one-point rate reduction in their first year, up to $6,000. Rocket is adding nearly 150 loan officers from Bay Equity Home Loans , a Redfin subsidiary, enhancing its presence in local markets.

Equity

Housing Wire

MARCH 19, 2025

Better Home & Finance Holding Co. 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. This will free up LOs for customer care and resolution tasks.

Loan Officer