Loan officers made insane money in Q4 2020

Housing Wire

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years.

Latest Senior Loan Officer Opinion Survey Indicates Easing Credit Standards

Eyes on Housing

The latest results from the Federal Reserve Board’s Senior Loan Officer Opinion Survey (SLOOS) present standards on bank lending practices as they occurred in the first quarter of 2021.

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Total Expert integrates RatePlug to connect loan officers with agents

Inman

RatePlug, a marketing platform that connects mortgage loan officers and real estate agents, is now integrated into Total Expert, a customer relationship management solution.

How a noncompete ban would impact the mortgage industry

Housing Wire

Should the Biden administration make good on its threat, some loan officers, account executives and marketing personnel bound by such agreements would be able to switch jobs without fear of potential litigation from their employer. HousingWire Magazine delivered to your home or office.

Q2 2020 Senior Loan Officer Opinion Survey

Eye on Housing

The Federal Reserve’s latest release of the Senior Loan Officer Opinion Survey shows banks’ lending practices and households and businesses’ demand for various classes of loans as of the second quarter of 2020.

Senior Loan Officer Opinion Survey Q3 2020

Eye on Housing

The Federal Reserve’s latest Senior Loan Officer Opinion Survey on Bank Lending Practices addresses changes in the standards and terms on, and demand for, bank loans to businesses and households.

Propertybase launches new lead source for loan officers, small teams

Inman

BoldMortgage offers individuals and small teams access to many of the capabilities of Propertybase's enterprise-level mortgage business growth platform Unify. Mortgage Select Teams BoldLeads BoldMortgage mortgage leads Propertybase Tim Fessenden Unify

Why 28% of mortgage applicants never close the loan

Housing Wire

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. Lonnie Glessner isn’t normally one to turn down business. But with origination volume expected to exceed $3.4

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DataTrace launches market insight platform for title companies

Housing Wire

Other reports offered include trend, loan officer, and title/lender intersection reports that DataTrace said can be used to identify and compare relationships between title companies and lenders.

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Who’s the customer in UWM’s wholesaler war?

Housing Wire

I’ve spent years asking top mortgage lending execs this question: who’s your primary customer, loan officers or consumers? market share of loans originated by brokers, per IMF), gave America’s brokers an ultimatum to dump two other wholesalers (with 17.8%

Digital lender Beeline goes on a hiring spree

Housing Wire

According to Beeline, the company plans to unveil a new office in Charlotte in the fall of 2020 – followed by a new branch on the West Coast towards the end of the year. The company has developed an alternative to what is traditionally know as a loan officer role.

Veterans United Home Loans to host virtual career showcase Sept. 2

Housing Wire

Mortgage Research Center , which does business as Veterans United Home Loans , is holding a virtual career showcase Wednesday, September 2, for all interested job applicants. Louis, and its branch offices in about 25 states.

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This techie mortgage broker has cleared $1 billion in originations this year. And now Thuan Nguyen is scaling up

Housing Wire

In 2013, Thuan Nguyen was working out of his chaotic office in the heart of Silicon Valley. At that point, Loan Factory had about 200 loans and just 13 employees. The office was like a market,” Nguyen recalled. “It Quicken Loans , see how big they are?

LOs are only human — Tech is necessary to keep up with max loan volumes

Housing Wire

One of the drivers for a pivot to profit is that loans are expensive. According to the Mortgage Bankers Association, it costs an average of $7,535 to produce a loan. It also helps position LOs to better educate and advise customers on the right loan products for their needs.

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Easing Credit Conditions in the Second Quarter

Eyes on Housing

The latest results of the Federal Reserve’s Board’s Senior Loan Officer Opinion Survey on Bank Lending Practices (SLOOS), showed that the market for commercial real estate financing (CRE loans) and residential real estate (RRE) financing eased compared to the first quarter.

Compass partners with Guaranteed Rate to launch OriginPoint mortgage services

Realty Biz

The brokerage believes its new company, called OriginPoint , will provide faster, more seamless and transparent home buying experiences for buyers, sellers, agents and loan officers. Guaranteed Rate has closed more than $60 billion in loan volume since the beginning of 2021.

United Wholesale Mortgage to go public in largest SPAC deal ever

Inman

Mortgage News Brief Select Coronavirus Gores Holdings IV initial public offering ipo loan officers loan origination Mat Ishbia mergers and acquisitions mortgages United Wholesale Mortgage

Helping low-income homeowners overcome barriers to refinancing

Inman

Mortgage Sponsored APR closing debt escrow fha financing freddie mac Helping low-income homeowners overcome barriers to refinancing Home Possible lender loan loan officer low-income mortgage my home pmi rates real estate refi refinance refinancing relief second mortgage titleWith mortgage rates still at record-lows, refinancing continues to be a powerful tool to lighten the debt burden of most homeowners.

Real Estate Tech Demo Day: Adwerx

Housing Wire

Adwerx is the only digital advertising service designed specifically for leading mortgage lenders to automate compliant, individualized ads for loan officers and branches, and deploy digital marketing at scale to reach prospects directly, build brand awareness, and increase the productivity, recruiting, and retention of loan officers. #1. Adwerx.

Mortgage Tech Demo Day: SimpleNexus

Housing Wire

Loan officers experience on-the-go productivity with integrated mobile origination tools and enhanced referral outreach with a shareable, cobranded app for real estate partners. See how mobile origination tools integrate with existing workflows to increase loan officer productivity. #3.

Juneteenth holiday sparks chaos for lenders, LOs

Housing Wire

Reached Friday, many mortgage industry professionals were doing damage control — delaying closings, pushing back notices and modifying loans. One Orlando, Florida-based loan officer said she doesn’t mind the new Juneteenth holiday, but it did impact closings for several loans.

Mortgage Tech Demo Day: Adwerx

Housing Wire

The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Provide unprecedented ad personalization for every loan officer at your brokerage without lifting a finger. Adwerx Enterprise Platform.

Mortgage Tech Demo Day: ActiveComply

Housing Wire

Easily find and monitor loan officer social media from one unified platform. We find loan officer and company accounts automatically and pull them into the system for your review. #3. Social media & website compliance for the financial industry. Social media compliance made easy for the financial industry.

Why should lenders put an emphasis on referrals and generating leads – Now more than ever

Housing Wire

Increasing quality means less time wasted on leads that aren’t going to convert, allowing lenders and loan officers to spend their very limited and highly valuable time on business that will close and drive revenue. The time required, coupled with the ramifications of running afoul of compliance requirements, means many lenders and loan officers choose not to market in digital channels to avoid the potential risk and resources needed.

Overcoming the challenges direct-to-consumer lenders are facing

Housing Wire

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option.

Reverse mortgage industry courts financial planners

Housing Wire

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns.

How lenders can help borrowers improve their credit score

Housing Wire

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Some borrowers may qualify for a loan, but due to poor credit, the loan won’t come with the best terms.

The Post-COVID shift: What Amazon and Zillow can’t do

Housing Wire

Most loan officers lose 70% of their past customers because they don’t have the process or tools to manage the relationship forward. There’s never been more at stake for a loan officer or a real estate agent than there is today.

This underwriting solution improved lending satisfaction from the inside out

Housing Wire

And while Citizens was looking to improve turn times on loans, the lender ranked quality as its No. Prior to integrating FactCheck, the lender used an Excel spreadsheet that the underwriter and or loan officer would have to key information into.

2020 HW Tech Trendsetter: Paul Anastos

Housing Wire

Paul Anastos, CEO, Chief Innovation Officer Gateless, Guaranteed Rate. Paul Anastos has been on the forefront of innovation within the housing industry for over a decade, specializing in developing technology solutions and transforming businesses into industry powerhouses.

Social Media Master Class: TikTok

Housing Wire

HousingWire’s Managing Editor, Brena Nath, interviews Scott Betley, a loan officer at NFM Lending , to show attendees the latest strategies and updates on TikTok. Panelists: Scott Betley, Loan Officer, NFM Lending Brena Nath, Managing Editor, HousingWire.

Mortgage fintech firm FirstClose acquires HomeScout

Inman

The company hopes to transform real estate engagement for the consumer and industry professionals by creating a one-stop solution for finding loan officers and real estate agents.

Mortgage Tech Demo Day: Sales Boomerang

Housing Wire

Sales Boomerang notifies a Lender when their borrower needs a loan. Prescriptive Scenarios enable loan officers to connect a borrower with the right type of loan at the right time based on the borrower’s needs and qualifications. Borrower Intelligence System.

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Cadence Bank reaches settlement with DOJ over redlining

Housing Wire

Cadence Bancorporation , parent of Cadence Bank, reached separate settlements with the Department of Justice and the Treasury Department’s Office of the Comptroller of the Currency totaling over $8.5

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Local housing markets across the country

Housing Wire

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. HousingWire Magazine delivered to your home or office.