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 430

Housing Wire

MAY 8, 2025

Todays best loan officers operate differently and expect more. Naturally, this means loan officers (LOs) dont work the same way anymore, either. Beyond the signing bonus This evolution has influenced what loan officers seek when it comes to compensation structure. They simply cant if they wish to succeed.

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Loan Officer Debt-to-income ratio Loans Technology 348

Housing Wire

OCTOBER 17, 2024

LenderLogix , a provider of mortgage point-of-sale and automation software for lenders, said that borrowers generated 49,392 preapproval letters through its QuickQual preapproval program in third-quarter 2024, a 15% decrease from the second quarter. The average number of preapproved borrowers per loan officer decreased slightly to 28.5

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Loan Officer Loans Sales Mortgages 451

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

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Debt-to-income ratio Loan Officer Marketing Loans 311

Housing Wire

OCTOBER 15, 2024

It also must provide $7 million for a home loan subsidy program in majority-Black neighborhoods, and it must pay at least $1 million to serve the neighborhoods it redlined , according to the terms of the agreement released on Tuesday. billion in home loan production. million civil penalty. The company ranked No. This compared to 12.2%

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Lending Loan Officer Loans Finance 451

Housing Wire

MARCH 5, 2024

“ Recovery year ” was the theme heading into 2024 as mortgage professionals hoped for some reprieve in a frozen housing market characterized by high interest rates, low inventory levels and sluggish sales. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform. “A

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Loan Officer Loans Mortgages As-is 430

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. John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region.

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Loans Loan Officer Construction Banks 320

Housing Wire

OCTOBER 28, 2024

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. Moreover, the older the loan, the more likely the borrower would refinance elsewhere. On average, just one out of five homeowners who opted to refinance were retained by their original lender.

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Loan Officer Pre-approval Technology Loans 417

Housing Wire

DECEMBER 20, 2024

Over the years, Ive observed a glaring issue that stifles the growth and success of many mortgagecompanies: promoting top-producing loan officers into management roles without equipping them with the tools, training, or even determining whether they want to be leaders. In my mind, success in sales equated to success in leadership.

Industrial 385

Industrial Loan Officer Mortgages Development 385

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Being conservative never hurts and being strategic about the market is important, Jared Sawyer, a sales manager at loanDepot , said. With rates around 6.9% versus a 6.5%

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Loan Officer Loans Seller concession Pre-approval 388

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. Banosian has served as executive vice president of sales at Rate for more than a decade, leading his Boston-based team to originate more than $2 billion in 2021.

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Loan Officer Loans Technology Mortgages 417

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. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.

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Loan Officer Technology Industrial Development 441

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. She also suspects that some firms offering generous compensation may be positioning themselves for a sale.

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Mortgages Loan Officer Lending Loans 338

Housing Wire

JUNE 11, 2025

mortgage lender, announced a deal on Wednesday to acquire Hallmark Home Mortgage in an asset sale. Hallmark had 45 sponsored loan officers and 19 active branches as of Wednesday, per Nationwide Multistate Licensing System (NMLS) data. of its loans being purchase transactions. Fairway Independent Mortgage Corp. ,

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Mortgages Loan Officer Lending Branding 359

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. Michael Brennan was previously listed as the company’s president but is now listed as the national director of partner sales, according to the company’s website.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

DECEMBER 4, 2024

The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022. Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 388

Lending Mortgages Loan Officer Loans 388

Housing Wire

APRIL 12, 2024

Vonder Haar was selected as a winner based on her crucial role in expanding the company’s offerings and developing its digital marketing to meet the needs of its loan originators and their real estate partners. Chelsea Vonder Haar: We tailor our marketing strategy based on the individual loan officer and the details of the market they are in.

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Loan Officer Loans Lending Residential 339

Housing Wire

JUNE 12, 2025

National lender HomeXpress specializes in nonqualified mortgages (non-QMs), business-purpose loans for real estate investors and other nonagency mortgage products. The transaction will also provide Chimera with origination fees and gain-on-sale income. The company, which works in the wholesale and correspondent channels, funded $2.5

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Loan Officer Principal Loans Mortgages 302

Housing Wire

APRIL 16, 2025

The integration, announced on Wednesday, connects Rocket to a network of approximately 28,000 active users, including 21,000 loan officers who source mortgage offers from multiple wholesale lenders including Rockets chief rival, United Wholesale Mortgage (UWM) all within a single system.

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Loan Officer Loans Mortgages Branding 311

Housing Wire

FEBRUARY 11, 2025

The initial digital integration involved reports, pay stubs and W-2s to the more than 370 mortgage companies and 52,000 loan officers that rely on nCino to manage the loan application process. Our expanded integration with nCino reflects Argyles commitment to meeting lenders and their customers throughout the loan journey.

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Loan Officer Loans Mortgages Residential 363

Housing Wire

MARCH 19, 2025

Vishal Garg , Better’s CEO and founder, said that despite a market with historically low housing affordability and persistently high mortgage rates , Better saw progress in its funded loan volume. The current demo of Betsy takes someone all the way from inquiry through preapproval to loan amount, rate and locking.

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Loan Officer Mortgages Loans Equity 285

Housing Wire

MARCH 24, 2025

this year, while wages are risingan encouraging sign that were moving toward a healthier market For lenders, this means preparing for a shift in borrower demographics and ensuring loan origination processes are built for scale. Additionally, rate buy-down incentives are playing a major role in helping move new home inventory.

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Technology Loan Officer Loans Banks 368

Housing Wire

AUGUST 2, 2024

is acquiring Garden State Home Loans Inc. Garden State had 34 sponsored loan officers and two active branches—in Medford (New Jersey) and Maitland (Florida)—as of Friday, per the Nationwide Multistate Licensing System (NMLS). billion in 19,000 loans since its foundation. OceanFirst Bank N.A.

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Banks Loans Loan Officer Lending 450

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P). We maintain a very close relationship here at New American Funding.

Mortgages 403

Mortgages Lending Loan Officer Loans 403

Housing Wire

OCTOBER 23, 2024

On Wednesday, UWM unveiled a new cash-out refinance product —dubbed Cash-Out 90—that allows borrowers to refinance with a loan-to-value ratio of up to 89.99% without requiring mortgage insurance (MI). Loan amounts, however, cannot exceed conforming limits. UWM is simply taking a lower margin, effectively,” he added.

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Equity Loans Mortgages Loan Officer 430

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

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VA loan Loans Loan Officer Brokerage 430

Housing Wire

DECEMBER 16, 2024

The cost to originate loans rises, alongside appraisal fees, credit reports, FICO verification , digital verification and insurance. Hanson: There’s two types of sales. A stock sale means we’re going to buy the company’s stock, establish loan liability for already-produced loans and buy the shell.

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Loan Officer Technology Loans Banks 369

Housing Wire

MAY 20, 2025

His point was ostensibly about how homeowners locked into low mortgage rates are choking off home sales and mortgage origination volumes. HELOCs are often a secondary consideration among loan officers because they dont make as much money on them as they do a first-lien mortgage. Thats what I think the HELOC is right now.

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Equity Loan Officer Banks Loans 324

Housing Wire

MARCH 3, 2025

Below are some of the items that wont necessarily be on your radar when you initially explore an acquisition or sale, but may need to be dealt with on a post-closing basis. Assumed name filings The sale of Sellers name is important in many mortgage M&A transactions for continuity, transition and marketing purposes.

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Purchase and sale agreement Closing Industrial Mortgages 400

Housing Wire

MAY 20, 2025

Kind Lending today announced the appointment of Geri Farr as its senior vice president of West retail sales. ” Prior to Kind Lending, Farr held several high-level positions, including Bay Equity ‘s Southwest Divisional Vice President and Nova Home Loans’ senior vice president, regional manager.

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Lending Sales Loan Officer Equity 222

Housing Wire

NOVEMBER 17, 2023

The transition of three veteran sales executives from South Carolina-based lender Movement Mortgage to its California competitor Summit Funding led to a legal battle over poaching. division Chris Shelton parted ways after more than a decade working at the company to join Summit. Shelton declined to comment. million in unpaid compensation.

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Loan Officer Sales Loans Mortgages 427

Housing Wire

APRIL 4, 2025

Heidi Iverson is the company’s new vice president of growth and Anthony Savala is the new vice president of sales. Prior to that, she served in senior leadership roles at Mobility Market Intelligence (MMI), Guild Mortgage , ClosingMark Home Loans , and Castle & Cooke Mortgage.

Mortgages 350

Mortgages Technology Loan Officer Loans 350

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

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Lending Loans Loan Officer Equity 430

Housing Wire

MAY 19, 2025

Industry veteran Jesse Allen, formerly of OneTrust Home Loans and American Advisors Group (AAG) is now leading the division as its new president. Were focused on execution, getting our sales force in front of customers, and having good conversations and manufacturing the loans well.

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Mortgages Loan Officer Loans Industrial 300

Housing Wire

FEBRUARY 11, 2025

Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. Or we work with agents and agent teams to introduce loan officers to them to partner with when they want to start by touring first.

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Purchase and sale agreement Loan Officer Loans Finance 335

Housing Wire

APRIL 22, 2025

This means empowering loan officers with the tools and training they need to serve todays buyersfast preapprovals, clear communication and seamless closings. In this market, a one-size-fits-all loan product certainly wont cut it. Gabe Gillen is the executive Vice President of Divisional Sales at AnnieMac Home Mortgage.

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Loan Officer Finance Loans Mortgages 356

Housing Wire

OCTOBER 9, 2024

Mortgage tech firm Candor Technology has expanded its Loan Engineering System (LES) to include Federal Housing Administration (FHA) loans. The company now fully automates underwriting decisions for FHA loans — minus collateral – and also offers a warranty on income calculations and cleared conditions for funded FHA loans.

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FHA loan Loans Technology Loan Officer 440