Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

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Purchase and sale agreement Closing Industrial Mortgages 413

Housing Wire

APRIL 17, 2025

Independent mortgage banks ( IMBs ) and mortgage subsidiaries of chartered banks reported an average profit of $443 on each loan they originated in 2024, up from an average loss of $1,056 per loan in 2023, according to the Mortgage Bankers Association (MBA)’s annual Mortgage Bankers Performance Report.

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Loans Banks Mortgages Industrial 360

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. Peter Sciandra, who serves as EVP of reverse lending secondary marketing at Fairway Independent Mortgage Corp. I think that’s true from an industry standpoint.

Industrial 397

Industrial Mortgages Principal Lending 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

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 15, 2024

In the newest episode of the PowerHouse podcast, HousingWire CEO Clayton Collins sits down with Greg Schwartz, CEO of Tomo , to discuss market recovery indicators and Tomo’s recent investments in artificial intelligence (AI). As such, Tomo’s priority goes beyond merely driving loan volume. “It

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Loans Marketing Technology Mortgages 259

Housing Wire

NOVEMBER 20, 2024

Mortgage professionals must keep up with the new demand for home equity products in the new market. HousingWire: How did you get into Finance of America and the industry? JS: The home equity wealth of our senior homeowners now exceeds 14 trillion, reflecting a growing market. Also, many loan originators go against the grain.

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Equity Finance Marketing Lending 370

Housing Wire

OCTOBER 18, 2024

As mortgage rates fluctuate based on decreasing housing inventory volume, the appraisal market is more volatile than ever in key areas such as urban and rural communities states like California and Texas. Jaro stands tall as the only end-to-end appraisal platform on the market. This trend had a profound impact on the housing market.

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Inspection Marketing Design Technology 448

Housing Wire

FEBRUARY 6, 2025

Describing the modern-day mortgage market as challenging would be an understatement, to say the least. The average rate throughout 2024 for 30-year fixed mortgages was 6.72% higher than it was during the 2008 market crash. It reflects another pressing issue of imbalanced supply and demand in the housing market.

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Loans Mortgages Equity Construction 315

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. Industry reactions Industry reactions to the documents provisions were mixed. 31, the circular explained.

Industrial 278

Industrial Mortgages VA loan Loans 278

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Leveraging micro-market shifts Realtors have an opportunity to use local market changes to drive urgency for their clients.

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

APRIL 10, 2025

Volatility is becoming the new norm in today’s commercial real estate market. To help investors survive uncertain times, professionals must understand market trends and develop a game plan for success. His words contain valuable knowledge that investors need to thrive in this market. A change is needed.

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Investor Commercial Finance Loans 468

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 330

Loans Construction Finance Mortgages 330

Housing Wire

APRIL 28, 2025

During last week’s earnings call, PennyMac Financial Services chairman and CEO David Spector said during a Q&A with investors and analysts that the company’s goals include continued growth in its broker direct channel and 10% market share by the end of 2026 a goal of more than 100% growth over the next 18 months.

Marketing 359

Marketing Principal Loans Mortgages 359

Housing Wire

APRIL 3, 2025

While the Redfin acquisition (still pending close) was a clear push into the purchase market, the Mr. Cooper acquisition is about scale, servicing, and customer lifecycle retention. And thats before Rocket even leans into marketing. [3:45] Mr. Cooper services a vast portfolio, including loans originated by top competitors.

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Industrial Mortgages Loans Closing 254

Housing Wire

MARCH 14, 2025

Our mortgage industry is experiencing a fundamental shift. 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.

Mortgages 355

Mortgages Loan Officer Marketing Loans 355

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. Tuesdays] FHA action acknowledges that the market has normalized and seeks to balance homeowner hardship relief with an FHA MMI fund thats stable over the long-term.

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Industrial Mortgages Equity Banks 274

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.

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Loan Officer Loans Mortgages Industrial 211

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. I believe the concerns for the market at this point are dramatically related to geographics. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

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Debt-to-income ratio Loan Officer Marketing Loans 301

Housing Wire

NOVEMBER 4, 2024

The third party origination (TPO) division of Rocket Mortgage on Monday announced the rollout of its latest product, 24 Takeoff, which allows mortgage broker partners to receive a 24 basis point credit on all eligible loans until Nov. 29, which gave borrowers a 75-basis-point rate cut on various refinancing options.

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FHA loan Mortgages Marketing Loans 370

Housing Wire

APRIL 30, 2025

If the mortgage industry had a mantra at the start of last year, it was something like: Just survive to get to 2025. But now heres 2025, and its clear that mortgage rates arent falling the way wed hoped, and the market is going to take more time than we thought to find its new normal.

Mortgages 348

Mortgages Industrial Loans Technology 348

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

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 10, 2024

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Araya’s data will come from CoreLogic‘s 360 Property Data suite, which offers property and marketing intelligence.

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Loan Officer Technology Industrial Development 458

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.

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Title Land Loans Closing costs 468

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 284

Loans Loan Officer Finance Brokerage 284

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

Investor 448

Investor New Construction Construction Loans 448

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.

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As-is Loan Officer Loans Mortgages 447

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.

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Loan Officer Lending Banks Loans 418

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.

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Mortgages Lending Loan Officer 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. Meanwhile, government loan activity increased across all loan types, excluding U.S. Department of Veterans Affairs (VA) loans.

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VA loan Mortgages FHA loan Loans 394

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.

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Title Closing Commercial Loans 355

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.

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Loans Closing Mortgages Technology 254

Housing Wire

NOVEMBER 22, 2024

As low inventory levels, elevated mortgage rates and rising home prices keep the housing industry stagnant, short-term real estate investors — aka fix-and-flippers — faced market turmoil during the third quarter of 2024. An index score above 50 indicates market expansion, while a score below 50 indicates contraction. ”

Investor 432

Investor Mortgages Renovation Loans 432

Housing Wire

MARCH 24, 2025

26 in Dallas, provided valuable insights into the forces shaping the mortgage and housing markets in 2025. With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle.

Technology 366

Technology Loan Officer Loans Banks 366

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

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.

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Mortgages Loan Officer Technology Loans 363