Housing Wire

JANUARY 11, 2022

Redfin announced Tuesday layoffs of 121 employees as it shakes up its mortgage department, including purchasing a lending company. The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing.

Equity 455

Equity Purchase and sale agreement Loan Officer Lending 455

Housing Wire

MARCH 4, 2021

In fact, in some ways, title and settlement services-focused providers will be even more pressed to accelerate their compliance programs. TRID is still the law of the land, and nothing suggests that title and closing providers won’t continue to bear the brunt of that compliance requirement.

Title 409

Title Lending Closing Loan Officer 409

Housing Wire

OCTOBER 6, 2022

Keller Mortgage , the lending arm of real estate holding company kwx , is the latest firm to be hit by the rapidly decreasing demand for mortgages. According to the NMLS, as of October Keller Mortgage had 111 active loan officers spread across 28 branches. During the week ending Sept. 30, mortgage applications decreased 14.2%

Mortgages 365

Mortgages Loan Officer Title Lending 365

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

Mortgages 368

Mortgages Loan Officer Lending Pre-approval 368

Housing Wire

NOVEMBER 3, 2021

The brokerage on Wednesday also announced that the launch of its residential lending joint venture Success Lending with Kind Lending, LLC has been approved in Colorado, Illinois and Tennessee. The brokerage was the fourth-largest in the U.S. by transaction volume in 2020 with $72.2 billion, according to the RealTrends 500.

Lending 321

Lending Brokerage Loan Officer Residential 321

Housing Wire

MARCH 1, 2021

Fred Bolstad, executive vice president of retail lending at U.S. Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bank Home Mortgage, Bolstad is responsible for over 4,000 employees, including nearly 1,400 mortgage loan officers.

Banks 386

Banks Lending Loan Officer Title 386

Housing Wire

SEPTEMBER 29, 2022

In these 20-minute sessions, attendees will walk away with tangible and actionable information from leaders at mortgage, valuation, real estate and title companies. The Future of Lending is here Today. If you don’t have the best technology platforms, you are losing loans and leaving both borrowers and Realtors behind.

Loan Officer 344

Loan Officer Technology Loans Title 344

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Title 369

Title Loan Officer Technology Lending 369

Housing Wire

JUNE 28, 2022

million investment in eOriginal, a digital platform that aims to securely digitize the lending process from the borrower to the secondary market. Sales Boomerang monitors customer databases on behalf of lenders to identify when a customer is ready for a new loan. In 2016, LLR Partners led a $26.5

Sales 380

Sales Mortgages Loan Officer Principal 380

Housing Wire

NOVEMBER 10, 2022

“This creates a challenging environment for volume-sensitive businesses such as mortgage originators and title insurers.” It affected at least 50% of the staff, positions in operations and loan officers, according to multiple former employees. A massive job cut. Marginal reductions . billion in the last 12 months.

Mortgages 364

Mortgages Loan Officer Banks Lending 364

Housing Wire

JUNE 6, 2022

Wells Fargo , one of the nation’s largest banks, had at least 114 layoffs in its home lending business following a drop in revenue in that division in the first quarter of 2022. Wells Fargo: at least 114 employees in home lending. The bank’s revenues in the home lending business totaled $1.5 loanDepot: Unknown.

Mortgages 412

Mortgages Loan Officer Lending Loans 412

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The company is also laying off four people with the title of vice-president. Presented by: Acra Lending. Six months ago Interfirst Mortgage Co.

Loan Officer 360

Loan Officer Principal Loans Mortgages 360

Housing Wire

JUNE 1, 2021

EVP, Retail Lending. Alterra Home Loans. Senior Loan Officer. Supreme Lending. VP, Lending Support. And thanks to their dedication, hard work and drive, the housing sector is more prepared than ever before to successfully navigate 2021 and beyond. Company Name. Adam Greene. Retail Branch Manager. Alex Khorn.

Lending 390

Lending Loan Officer Finance Title 390

Housing Wire

MAY 1, 2023

Congratulations to the 2023 Rising Stars!

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

OCTOBER 12, 2022

Stavvy , a fintech company at the intersection of lending and real estate, on Wednesday announced partnering with Guaranteed Rate , one of America’s largest nonbanks.

Title 389

Title Loans Lending Closing 389

Housing Wire

AUGUST 14, 2020

With many lenders seeing closings pushed out past 30, 45 and even 120 days, setting the expectation early gives lenders the opportunity to foster relationships with their clients and prepare for possible file extensions, said Mark Canale, senior loan officer and producing branch manager at Movement Mortgage. “As

Closing 477

Closing Lending Loan Officer Title 477

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. By investing in and partnering with companies like these, we can understand what the mortgage infrastructure of the future may look like and how title and settlement services will interact with that infrastructure. As of Sept.

Title 342

Title Mortgages Commercial Technology 342

Housing Wire

AUGUST 20, 2021

Lending Heights ( 592% growth) President Jason Cecco said his focus was on “empowering our team members to thrive, which leads to the best customer experience.”. Aaron Strawn, senior loan officer at Ruoff Mortgage (294% growth) pointed to his company’s leadership. “We Top Verticals. Real Estate. Tech & Solutions. 5000 map.”.

Title 441

Title Equity Mortgages Loan Officer 441

Housing Wire

JULY 20, 2023

The Detroit-headquartered lender has been cutting expenses and targeting purchase business, looking to hire local loan officers. News of headcount reductions became public in April 2022, when the lender offered buyouts to 8% of its staff at Rocket Mortgage and Amrock Title. It targeted around 2,000 or so workers.

Loan Officer 370

Loan Officer Title Mortgages Banks 370

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. The lender’s move comes at a time of increasing competition.

Mortgages 316

Mortgages Loans Loan Officer Title 316

Housing Wire

MARCH 16, 2022

Rick Hill, vice president of industry technology at the Mortgage Bankers Association , said that lending is a critical component of the nation’s infrastructure, which is one reason it is more susceptible to being attacked. “We One challenge to assessing how widespread cyberattacks is the reluctance to disclose when an incident has occurred.

Mortgages 369

Mortgages Marketing Banks Lending 369

Housing Wire

JUNE 30, 2021

The ideal real estate agent-lender relationship is symbiotic: the agent earns trust with their borrowers by connecting them with a great lending resource, while the lender receives a steady stream of business from the agent. As a top-producing loan officer, though, that’s a part of the gig. Simple, right? Hone your craft.

Agents 404

Agents Lending Loans Closing 404

Real Trends

DECEMBER 5, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage. Trouble in partnership paradise.

Lending 89

Lending Agents Loan Officer Pre-approval 89

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Just a little less vanilla. . ” Just a little less vanilla.

Mortgages 389

Mortgages Equity Loans Seller concession 389

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow. “Our

Mortgages 346

Mortgages Loans Loan Officer Technology 346

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Marketing 413

Marketing Brokerage Loan Officer Mortgages 413

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing.

Marketing 532

Marketing Option period Lending Loan Officer 532

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. I can get you (borrower) a conditional loan approved in 20 minutes. It’s smoother for the client,” Hussam said.

Equity 403

Equity Loan Officer Loans Mortgages 403

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space.

Loans 298

Loans Loan Officer Branding Technology 298

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Loan Officer 360

Loan Officer Pre-approval Loans Agents 360

Housing Wire

OCTOBER 20, 2023

You can post a photo of their smiling faces with either a “sold” sign, them holding keys to their new property, or signing the title paperwork. Sharing your success lends to your credibility as an agent. Just sold stories If your clients are willing to be featured on your socials, celebrate their sale.

Agents 359

Agents Lending Staging Renovation 359

Housing Wire

AUGUST 31, 2022

The first category is real estate credit, which covers most establishments focused on lending with real estate as collateral. The second category is mortgage and non-mortgage brokers, which includes establishments that facilitate lending by bringing borrowers and lenders together.

Lending 382

Lending Loans Mortgages Industrial 382

Keller Williams

AUGUST 17, 2022

As a partner of Keller Williams, our loan officers are here to provide your clients with the easiest home financing experience available,” says Ball. “We Connect with a Keller Mortgage Loan Officer. For a full list, head to KellerMortgage.com and connect with one of their experienced loan officers.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

RIS Media

JANUARY 13, 2022

. “For years, Redfin has talked about becoming a one-stop-shop for brokerage, mortgage, iBuying and title services,” said Redfin CEO in a statement. “Just having one company offer all these services is more efficient, letting us keep customers’ lending fees low.”

Equity 98

Equity Lending Loans Loan Officer 98

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. They’ll just accept an offer with a conventional loan, but VA loans freak them out and they want more information even though it might be the strongest offer they receive.”.

VA loan 385

VA loan Agents Pre-approval Debt-to-income ratio 385

Housing Wire

FEBRUARY 3, 2022

” JPMorgan’s analysts wrote in a report their favorite name is Rocket, upgraded to overweight due to its ecosystem of personal lending and mortgage finance businesses, the largest and most profitable of which is Rocket Mortgage. The losers are a lot of the smaller players.” That is a tough business for a purchase market.

Mortgages 370

Mortgages Finance Investor Lending 370

RIS Media

APRIL 20, 2021

a holding company with three operating subsidiaries serving the residential real estate sector: Encompass Lending Group, Dagley Insurance Agency (DIA) and Real Results. Encompass Lending has 67 employees and is licensed in 20 states. Fathom Holdings Inc. The final purchase price was approximately $28.88 million in cash and $19.05

Loan Officer 75

Loan Officer Lending Residential Title 75