Housing Wire

DECEMBER 27, 2024

That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.

Industrial 397

Industrial Mortgages Principal Lending 397

Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 397

Loans Mortgages Technology Development 397

Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. Continuous improvement and updates keep systems relevant and effective.

Technology 448

Technology Industrial Mortgages Development 448

Housing Wire

APRIL 11, 2025

The regulation was the target of criticism from the mortgage industry. Industry response Mortgage trade groups applauded the freeze on the nonbank registry rule. The NMLS MU1 forms already require IMBs to disclose all state or federal regulatory actions as well as certain court actions from the past 10 years.

Industrial 345

Industrial Banks Mortgages Residential 345

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Four months later, the branch was still struggling, and worse, my top loan officer now the branch manager quit.

Industrial 395

Industrial Loan Officer Mortgages Loans 395

Housing Wire

APRIL 24, 2025

Servicers must report the completion status of TPPs in the VA Loan Electronic Reporting Interface (VALERI) by Aug. Industry reactions Industry reactions to the documents provisions were mixed. 31, the circular explained.

Industrial 295

Industrial Mortgages VA loan Loans 295

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

Loans 341

Loans Mortgages Equity Construction 341

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. Sage Homes Loans is based in Fort Mill, South Carolina. John will reportedly focus on leading borrower retention efforts.

Loans 382

Loans Marketing Lending Banks 382

Housing Wire

MARCH 12, 2025

Evergreen Home Loans has expanded into New Mexico , opening branches in Albuquerque and Carlsbad. provides origination, funding and servicing for home loans. Abt, who has extensive experience in the mortgage industry, will oversee operations in the Albuquerque and Carlsbad markets.

Loans 350

Loans Construction Finance Mortgages 350

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

Loan Officer 231

Loan Officer Loans Mortgages Industrial 231

Housing Wire

MARCH 10, 2025

A reverse mortgage-related bill that was introduced in the Maryland state Senate that would have put the onus on lenders to cover some extra expenses tied to the Home Equity Conversion Mortgage ( HECM ) origination process has been withdrawn by the sponsoring senator after conversations with reverse mortgage industry representatives.

Industrial 325

Industrial Mortgages Equity Loans 325

Housing Wire

APRIL 3, 2025

3:45] Why It matters for the rest of the industry Two segments stand out in the episode: First, Kleimanns assessment of Rockets ability to execute on the end-to-end vision. Mr. Cooper services a vast portfolio, including loans originated by top competitors. And thats before Rocket even leans into marketing. [3:45]

Industrial 269

Industrial Mortgages Loans Closing 269

Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. “His proven success in building strong teams and partnerships, along with his deep industry expertise, makes him the perfect fit for this role. .

Loans 339

Loans Loan Officer Construction Banks 339

Housing Wire

FEBRUARY 4, 2025

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers. Arrival Home Loans, which is powered by Pacific Private Money Inc. produced a total volume of $52.5

Loans 324

Loans Loan Officer Finance Brokerage 324

Housing Wire

APRIL 17, 2025

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. When the cost of modifying mortgages is increased continuously, this serves to discourage lenders from making these kinds of loans in the first place, he added.

Industrial 279

Industrial Mortgages Equity Banks 279

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS).

Loan Officer 395

Loan Officer Equity Loans Brokerage 395

Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Ive spent years in the industry , and as my son prepares to take his NMLS exam, these are the key expectations I will share with him to navigate his first year in the business. How you dress reflects how seriously you take your role.

Loan Officer 315

Loan Officer Loans Industrial Development 315

Housing Wire

APRIL 25, 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industrys first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). But NRMLAs board will also aim to look even further ahead by engaging members on-site about the potential dynamics of the industry beyond that scope.

Industrial 225

Industrial Mortgages Loan Officer Equity 225

Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. SAM loans grant the lender a share of the home’s future appreciation in exchange for a lower interest rate.

Loans 286

Loans Closing Mortgages Technology 286

Housing Wire

OCTOBER 15, 2024

Schwartz points out that starting Tomo required an adaptive approach to leadership by people who maintain a “wartime“ leadership style that adjusts to industry changes. But he notes that building a successful mortgage company requires hard work and diligence, regardless of industry changes.

Loans 259

Loans Marketing Technology Mortgages 259

Housing Wire

APRIL 10, 2025

In this executive conversation, van der Reis explores his experience in CRE finance, technology, loan servicing , and risk management. HW: What’s one significant shift you’ve seen in the industry over the years, and how has it changed how multifamily investors approach financing?

Investor 468

Investor Commercial Finance Loans 468

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

FEBRUARY 6, 2025

The housing benefits pushed more than 28 million home loans for Veterans over the last 80 years. The number of financial institutions servicing home loans has declined. However, I’ve observed that many of todays service members are unaware of the VA benefits theyve earned.

Industrial 320

Industrial Lending Closing costs Loans 320

Housing Wire

APRIL 8, 2025

UWM’s Jason Bressler and Google’s Oliver Parker United Wholesale Mortgage (UWM) , the top mortgage lender in America, on Tuesday announced a strategic AI agreement with Google Cloud that the companies say will bring modernization to the mortgage industry. model to enhance underwriting automation.

Mortgages 497

Mortgages Lending Loans Technology 497

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 interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

OCTOBER 18, 2024

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. He explains that speed and customer service rule every aspect of business, including the mortgage industry. As consumers, we expect instant everything.

As-is 448

As-is Loan Officer Loans Mortgages 448

Housing Wire

JANUARY 23, 2025

billion in total or as much as $1,692 per loan. According to the release, Nigrinis and Zywicki analyzed how much widespread use of automated title risk assessments would lower consumer costs, promote greater transparency and increase industry competition. The pilot program is slated to run through May of 2026.

Title 468

Title Land Loans Closing costs 468

Housing Wire

FEBRUARY 6, 2025

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. Department of Veterans Affairs loans. And likewise, it’s gone up for VA.

VA loan 417

VA loan FHA loan Debt-to-income ratio Loans 417

Housing Wire

SEPTEMBER 23, 2024

By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% decline from Q1 2024. Overall, buybacks dropped by 0.8%.

Loans 514

Loans Mortgages Finance Industrial 514

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

MARCH 27, 2025

The company calls the move an “industry-first initiative.” “By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages.

Mortgages 389

Mortgages Loan Officer Technology Loans 389

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

MARCH 19, 2025

Richards has a long history in leadership and executive roles in the mortgage industry. Other positions shes held include director and vice president roles at Caliber Home Loans , as well as a three-year stint as loanDepots COO. But her relationship with loanDepot ended in acrimony after she left in 2021. The case is still ongoing.

Lending 214

Lending Industrial Bankruptcy Mortgages 214

Housing Wire

APRIL 18, 2025

The company analyzed a portfolio of residential , commercial and business-purpose loans totaling approximately $80 billion. of these transactions contained issues that could lead to fraud, with each problematic loan averaging 2.5 It found that 46.8% errors the highest number on record.

Title 363

Title Closing Commercial Loans 363

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

NOVEMBER 20, 2024

The new partnership begins in January and aims to expand economic opportunities in low—and moderate-income, diverse and underserved communities through loan subsidies, grants and donations. and we are honored to support these efforts through our loans, investments and grants.” million to certain California markets.

Loan Officer 418

Loan Officer Lending Banks Loans 418

Housing Wire

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. ” Refinance application activity across all loan types decreased 3% week over week, although it was still 41% higher compared to the same week in 2023.

VA loan 395

VA loan Mortgages FHA loan Loans 395