Housing Wire

MARCH 5, 2025

The newest weekly mortgage applications survey data, released Wednesday by the Mortgage Bankers Association (MBA) included the lowest mortgage rates in months, which created a stir in the number of applications. On-the-ground observations Loan officers say they’re seeing an increase in government loan demand.

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Loan Officer Loans VA loan FHA loan 311

Housing Wire

DECEMBER 4, 2024

Top 10 mortgage lender Rate — previously known as Guaranteed Rate — announced a new promotion on Wednesday. The company named veteran mortgage professional Connie Lindsay as its senior vice president of mortgage lending in Washington state. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 386

Lending Mortgages Loan Officer Loans 386

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 225

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 413

Mortgages Equity Loan Officer Loans 413

Housing Wire

DECEMBER 19, 2024

Planet Home Lending announced Thursday that it has hired Candice McNaught as senior vice president of business development and strategic initiatives for its distributed retail channel. She formerly held posts at Supreme Lending and NFM Lending. ” McNaught said she joined Planet because of its commitment to loan officers.

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Lending Loan Officer Loans Mortgages 385

Housing Wire

JUNE 9, 2025

Jason Bressler , chief technology officer for United Wholesale Mortgage (UWM), is trying to change the narrative around AI being integrated into the mortgage industry and lending solutions. ” As the CTO for the largest mortgage company in the U.S., This could lead some companies to fall behind.

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Lending Mortgages Technology Loan Officer 305

Housing Wire

MARCH 27, 2025

Self-branded “financial fitness” platform FinLocker announced Wednesday that it will cover 100% of the verification costs for mortgage borrowers who use lenders’ FinLocker-powered apps. This is about fundamentally transforming how the mortgage ecosystem works together.”

Mortgages 368

Mortgages Loan Officer Technology Loans 368

Housing Wire

JUNE 11, 2025

Fairway Independent Mortgage Corp. , mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. Jacobson and Sturges worked together at Waterfield Mortgage “decades ago and have remained industry acquaintances ever since,” Jacobson said in a statement. a top 20 U.S. year over year.

Mortgages 374

Mortgages Loan Officer Lending Branding 374

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

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. Mortgage companies are competing for a shrinking pool of talent. The task would be difficult in any market. million.

Mortgages 351

Mortgages Loan Officer Lending Loans 351

Housing Wire

OCTOBER 15, 2024

Fairway Independent Mortgage Corp. Department of Justice (DOJ) over the regulators’ allegations of mortgage lending discrimination in majority-Black neighborhoods of the Birmingham, Alabama , metro area. mortgage lenders in the first half of 2024, with $11.8 billion in home loan production. Garland added.

Lending 446

Lending Loan Officer Loans Finance 446

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

MARCH 21, 2025

housing market remains challenging for prospective buyers as concerns over mortgage rates , home prices and affordability persist in 2025. The affordability crisis extends beyond mortgage payments. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Debt-to-income ratio 328

Debt-to-income ratio Loan Officer Marketing Loans 328

Housing Wire

APRIL 28, 2025

Bay has encouraged us to start looking [for a job] as Rocket is really only offering loan officer positions at this time, an employee told HousingWire under the condition of anonymity for fear of affecting job prospects. billion in loans in 2021nearly 10 times Redfins in-house mortgage volume. They will be a great fit.

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Loan Officer Equity Loans Brokerage 384

Housing Wire

MAY 21, 2025

Mortgage lending has long catered to a bygone era of steady paychecks and W-2 forms, leaving millions of self-employed and gig economy workers underserved. But as the gig economy booms, lenders are finding success in the nonqualified mortgage ( non-QM ) sector by engaging with AI-powered tools like Prudent AI.

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Mortgages Loan Officer Banks Loans 362

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. This happened through dedicated conversations, partnerships between reverse and forward mortgage companies, and expanded activities in reverse that stemmed from acquisitions and expansions of existing divisions.

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Mortgages Lending Loan Officer Loans 400

Housing Wire

MAY 8, 2025

Todays best loan officers operate differently and expect more. If you believe you can originate mortgages today in the same way they were done in 2018, youve probably been on a very remote island since then. Naturally, this means loan officers (LOs) dont work the same way anymore, either. But wait, theres more!

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Loan Officer Debt-to-income ratio Loans Technology 355

Housing Wire

OCTOBER 30, 2024

A California regulator has revoked the residential mortgage lending license of LoanSnap , the latest in a series of difficulties for the fintech lender. The company — which is headquartered in Costa Mesa, California — also lost its mortgage lender license in Connecticut earlier this month.

Lending 425

Lending Loan Officer Banks Loans 425

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 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MAY 14, 2025

Ohio-based Union Home Mortgage (UHM) on Wednesday announced a partnership with ARIVE , a lending software platform built specifically for independent mortgage professionals. The partnership will also connect UHM to a network of users and loan officers who source mortgage offers from multiple wholesale lenders.

Mortgages 346

Mortgages Loan Officer Lending Development 346

Housing Wire

JANUARY 13, 2025

Fairway Independent Mortgage Corporation , a large mortgage lender and a top 10 lender in the reverse mortgage industry , will aim to expand its focus on its reverse mortgage arm in 2025 owing to the efforts of David Lazowski, the companys new president of national recruiting and growth.

Mortgages 368

Mortgages Loan Officer Lending Loans 368

Housing Wire

MAY 20, 2025

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. Farr, who has over a decade of leadership in the mortgage industry, will focus on helping the company grow its expansion across the West and is tasked with strengthening teams and driving performance across the region.

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Lending Sales Loan Officer Equity 226

Housing Wire

MARCH 3, 2025

Union Home Mortgage (UHM) on Monday announced its acquisition of Nations Reliable Lending , aka NRL Mortgage. By coming together, we expand the reach of that promise further, while also continuing to build a unique workplace culture in the mortgage industry,” UHM CEO Bill Cosgrove said in a statement.

Mortgages 303

Mortgages Loan Officer Lending Banks 303

Housing Wire

MARCH 11, 2025

Tomo Mortgage on Tuesday announced the closure of $20 million in Series B funding that was led by three existing investors and a new participant. The companys tech-driven approach to lending is proving attractive to investors. and it has existing offices in Detroit and Seattle.

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Closing Mortgages Investor Loan Officer 360

Housing Wire

JUNE 10, 2025

Rocket Pro is partnering with Vetted VA , which provides education to veterans and training to loan officers to give veterans better access to home loan benefits. “They know more about VA loans than anybody else,” Sweeney told HousingWire in an interview. That was a lot for loan officers.

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VA loan Loan Officer Loans Lending 446

Housing Wire

NOVEMBER 20, 2024

Fair Lending Act. According to the document, HSBC allegedly engaged in discriminatory lending practices in majority Black and Hispanic neighborhoods in six U.S. According to the mortgage tech platform Modex , HSBC originated about $3.5 metropolitan areas from 2018 through 2021.

Loan Officer 400

Loan Officer Lending Banks Loans 400

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.

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Lending Banks Mortgages Loan Officer 483

Housing Wire

MAY 19, 2025

In November, Chicago-based mortgage lender Rate formerly known as Guaranteed Rate announced that it was revamping its dedicated reverse mortgage division by appointing two longtime industry veterans to lead its efforts with older borrowers.

Mortgages 319

Mortgages Loan Officer Loans Industrial 319

Housing Wire

DECEMBER 30, 2024

While 2024 was rife with challenges for the mortgage industry broadly across forward and reverse a new year brings a new mindset. Some challenges remain, with mortgage rates being chief among them. Education and distribution can also likely be improved.

Mortgages 386

Mortgages Technology Loan Officer Industrial 386

Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. ” Russell Petty, the founder of North Carolina -based Willow (formerly Grow Mortgage), said he expects to do $1 billion in origination volume in 2025.

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Loans Mortgages Loan Officer Technology 370

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 398

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. It was late 2022 and Mike was feeling the pressure. The lower comp rate stung.

Loan Officer 463

Loan Officer Loans Lending Mortgages 463

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 484

Residential Lending Banks Mortgages 484

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 425

Lending Mortgages Equity Loan Officer 425

Housing Wire

MAY 28, 2025

After embarking on an ambitious project designed to ease the technological processes and interfaces of the reverse mortgage industry compared to traditional mortgage workflows, the Mortgage Industry Standards Maintenance Organization (MISMO) announced this week that the latest version of its reference model includes reverse mortgage features.

Mortgages 314

Mortgages Loan Officer Technology Lending 314

Housing Wire

FEBRUARY 3, 2025

The combined cost of mortgages, taxes and insurance now takes up a larger share of household income than it has since the early 1980s, according to an affordability index from John Burns Research & Consulting. High-cost markets, for example, may be less keen on accepting FHA or VA loans over their conventional counterparts.

Debt-to-income ratio 399

Debt-to-income ratio Loans VA loan FHA loan 399

Housing Wire

APRIL 2, 2024

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

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Loan Officer Loans Finance Mortgages 425