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Ex-Summit executive: I was fired after blowing the whistle on illegal recruiting methods

Housing Wire

The lawsuit follows a legal battle that started after three of Movement’s veteran sales executives—Deran Pennington, Matt Schoolfield, and Chris Shelton — left for Summit in July 2023. In November, Movement sued Summit and its former sales executives for poaching, claiming about 50 employees followed Pennington, Schoolfield and Shelton.

Mortgages 351
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Weekly active inventory growth still too slow

Housing Wire

With mortgage rates at the current levels, inventory is still below my expectations, but it’s still such a positive story that I had to discuss it on CNBC last week. Always remember, when it comes to discussions about rates and the Fed pivoting, it’s always labor over inflation data. 2022: 17.2% So far, so good here.

Mortgages 427
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Labor Department announces new rule to shield retirement savings

Housing Wire

Department of Labor (DOL) on Tuesday announced a new rule that governs retirement advice, requiring more financial advisers to follow stricter fiduciary standards when dispensing advice about retirement-focused investments. Retirement investors are best protected by a uniform and protective framework.”

Investor 348
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How LOs can use short-form video content to connect with Gen Z

Housing Wire

Tips: Record a 15-second video of you doing something (for example, walking into an open house, sitting at your desk typing out emails, walking your dog, pretending to talk on the phone) and add audio or voiceover over the video discussing a topic. If you are a dancer, you like it and it’s fun for you, have at it.

Branding 388
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

Follow this webinar to find out! In this session, Trey Willard, Team Leader at Keller Williams, will discuss: How to maximize productivity with mobile apps and software. How can real estate agents use technology to improve their marketing and business success? Tips for creating a vibrant and healthy tech stack.

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CrossCountry adopts FICO Score 10 T for non-conforming loans, MBS issuances

Housing Wire

The lender’s move follows Movement Mortgage’s decision in early October to become an “early adopter” of the updated credit scoring model that FICO released about four years ago. The original implementation timeline was to move from a tri-merge system to a bi-merge system in the first quarter of 2024.

Loans 420
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Guild Mortgage CEO on values, culture and M&A priorities

Housing Wire

Building a strong workplace culture was a predominant theme of the discussion, with values defining much of the company’s M&A and recruiting targets, Schmidt said. Part of the strategy, she said, is to remain focused predominantly on the retail side of the business.

Mortgages 369
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Real Estate Solutions: How to Crush Your Sales Goals and Fuel Your Pipeline

Speaker: Mary Maloney, Founder & Team Leader at Hometown Realty

During this time, real estate agents frequently lose contact with clients and miss out on opportunities because they fail to follow up and provide value to the client. She will discuss: A systematic approach to developing, nurturing, and converting prospects. The sales cycle in real estate is frequently measured at 3+ months.

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#Trending: How to Leverage Instagram’s Algorithm to Build Your Pipeline

Speaker: Eric Simon, Founder of The Broke Agent Media | Matt Lionetti, Real Estate Salesperson at The Agency

In this webinar, The Broke Agent and Matt Lionetti breakdown the strategies they utilized to grow their accounts to over 400,000 combined followers. They’ll also discuss about vertical video, podcasting, and the importance of producing consistent content. This webinar will teach you how to: Gain followers. Get engagement.