Housing Wire

NOVEMBER 30, 2022

Cloudvirga’s platform solves for both by creating the best experience for borrowers and loan officers. The Cloudvirga team has been able to dramatically improve the experience of the borrower and the loan officer. For borrowers, a point-of-sale system is typically their first physical interaction with a lender’s brand.

Loan Officer 328

Loan Officer Loans Branding Technology 328

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.

VA loan 414

VA loan Loans Loan Officer Brokerage 414

Housing Wire

MAY 22, 2024

The average cost for a retail mortgage lender to originate a loan reached $11,600 in the third quarter of 2023, up 35% — or nearly $3,000 per loan — when compared to fourth-quarter 2020, a period of low interest rates and high sales volume, according to a study published Tuesday by Freddie Mac. That’s 2.4

Loans 372

Loans Industrial Lending Technology 372

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.

Loan Officer 327

Loan Officer Sales Loans Mortgages 327

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loans 449

Loans Loan Officer Mortgages Closing costs 449

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 413

Loans FHA loan Mortgages Loan Officer 413

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Customers are displaying a similar attitude, Parks explained.

Sales 344

Sales Loan Officer Principal Loans 344

Housing Wire

MARCH 5, 2024

John Abraham, former top-producing mortgage loan officer at Caliber Home Loans /NewRez , has joined The Money Store. Abraham was named vice president and producing branch manager in Illinois, where he will serve as sales leader and mortgage originator. His team will be making the move with him.

Loan Officer 367

Loan Officer Loans Lending Mortgages 367

Housing Wire

FEBRUARY 7, 2024

Independent mortgage lender Embrace Home Loans has promoted Ryan “Buddy” Hardiman to the position of president, the company announced on Wednesday. Before the promotion, Hardiman served as the company’s senior vice president of retail and direct sales for more than four years.

Loans 366

Loans Lending Sales Mortgages 366

Housing Wire

APRIL 26, 2023

Borrower demand for home loans increased across the board, despite rates being at their highest level in over a month. Plenty of buyers, but not enough homes for sale,” California-based mortgage loan officer Dan Stone, who works with hundreds of mortgage lenders, told HousingWire. retail residential mortgage applications.

Loans 389

Loans Mortgages Fixed-rate mortgage Loan Officer 389

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Loans 374

Loans Mortgages Loan Officer Pre-approval 374

Housing Wire

MAY 24, 2024

Ryan Ogata “I’d say in the last two or three months in particular, we’ve seen a lot more adoption from our sales force,” he said. “It It took some time to create a flow between the forward and reverse salespeople, but now the larger sales force has grown considerably. “We It took us a little bit of time to get things up and running.

Loan Officer 323

Loan Officer Mortgages Loans Sales 323

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan.

Lending 374

Lending Loans Pre-approval Loan Officer 374

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success.

Loan Officer 367

Loan Officer Loans Technology Investor 367

Housing Wire

MAY 24, 2024

Bank, will now oversee a team of 750 sales managers and mortgage loan officers responsible for generating $7 billion in originations, according to a news release. John Hummel Prior to joining U.S. Bank is a consumer and business banking company owned by US Bancorp.

Banks 337

Banks Lending Loan Officer Loans 337

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. We all know that home affordability is an issue for everyone right now.

Loans 361

Loans Mortgages Loan Officer Lending 361

Housing Wire

MAY 8, 2023

announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. This eliminates the need for a secondary loan repository outside of Encompass by ICE Mortgage Technology.

Technology 306

Technology Sales Mortgages Pre-approval 306

Housing Wire

SEPTEMBER 19, 2023

Alterra Home Loans , a Nevada headquartered retail lender and a Panorama Mortgage Group company, has promoted Fernando Ospina to president. He originated more than $46 million in loans in 2022, the company said. billion across 3,900 loans in 2022, data from mortgage data platform Modex showed. The company originated $1.23

Loans 403

Loans Lending Residential Mortgages 403

Housing Wire

NOVEMBER 30, 2022

At the same time, they want to improve the experience for loan officers by streamlining as much as they can and providing valuable efficiencies. The two companies featured in this section offer point of sale solutions that leverage technology and connectivity to ease the mortgage process for both LOs and borrowers.

Sales 310

Sales Loan Officer Technology Loans 310

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officer 381

Loan Officer Mortgages Lending Loans 381

Housing Wire

APRIL 27, 2023

Movement Mortgage has tapped Brady Yeager to join the team as national sales director, a role that will lead the expansion of Movement across the country. “I’ve always been passionate about helping loan officers grow their business to serve more families in our communities.

Sales 327

Sales Loan Officer Lending Residential 327

Housing Wire

OCTOBER 31, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach reduced employee headcount by at least 20 this month as the industry struggles to stay afloat amid mortgage lenders rightsizing during one of the most challenging times. Sales Boomerang and Mortgage Coach declined to comment on the size and reason for the layoffs.

Sales 388

Sales Mortgages Loan Officer Loans 388

Housing Wire

JUNE 28, 2022

Mortgage fintechs Sales Boomerang and Mortgage Coach have merged, roughly six months after a Philadelphia-based private equity firm bought a controlling stake in each company. Richard Harris, former chief executive officer at email sending and delivering platform Spark Post , will take the helm as CEO. In 2016, LLR Partners led a $26.5

Sales 382

Sales Mortgages Loan Officer Principal 382

Housing Wire

AUGUST 17, 2022

Mortgage lender Angel Oak Home Loans has implemented SimpleNexus ‘ all-in-one mortgage app to streamline its loan origination process. With Nexus Origination, what SimpleNexus calls its flagship point of sale system, borrowers can apply for a loan, upload documents, view loan status, pay and sign disclosures on the app.

Lending 361

Lending Loans Loan Officer Technology 361

Housing Wire

MAY 23, 2024

And we have 500 loan officers that are on the street every day and I can always go to them for ideas. But we also own our own point of sale system. We’ve always owned our own loan application — it’s something we’ve built. Our team’s success is we’re very close to sales and operations.

Loan Officer 352

Loan Officer Lending HR Loans 352

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. The acquisition will bring a majority of DKMC’s loan originators as well as operations and support staff to NAF and enables NAF to fill existing open roles in various departments with experienced personnel from DKMC,” NAF stated in a news release.

Loan Officer 382

Loan Officer Loans Lending Mortgages 382

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

Loan Officer 420

Loan Officer Loans Agents Mortgages 420

Housing Wire

MAY 24, 2024

Thompson, recognized as a HousingWire Rising Star in 2018 , will oversee more than 60 loan officers across Texas , Oklahoma and New Mexico. The lender also provides rate-and-term and cash-out refinancing, along with construction and renovation loans.

Mortgages 345

Mortgages Loan Officer Renovation Loans 345

Housing Wire

FEBRUARY 15, 2023

Roughly a year after Mortgage Coach and Sales Boomerang were acquired by a private equity firm, they’ve merged their services onto one platform and rebranded to “TrustEngine.” The company says more than 200 independent mortgage companies, credit unions, banks and brokers currently use TrustEngine’s solutions.

Sales 328

Sales Mortgages Loans Loan Officer 328

Housing Wire

NOVEMBER 1, 2023

But for some borrowers, a less traditional loan type could make the most financial sense. Without enough timely information to ask questions and compare options, borrowers had loans they couldn’t afford. But they only apply after a borrower has submitted a loan application, which leaves room for ambiguity when shopping.

Loans 351

Loans Fixed-rate mortgage Lending Loan Officer 351

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. These individuals also received inbound calls from individuals interested in obtaining mortgage loans, the order stated.

Loan Officer 346

Loan Officer Loans Banks Title 346

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

Pre-approval 399

Pre-approval Agents Loan Officer Seller concession 399

Housing Wire

MARCH 11, 2024

Digital mortgage automation solution provider Floify launched a mortgage point-of-sale (POS) platform for lenders. Solutions within Floify Lender Edition allow lenders to improve recruitment and retention of top-producing loan officers and to navigate regulatory landscapes, according to the company’s website.

Mortgages 379

Mortgages Loan Officer Loans Banks 379

Housing Wire

APRIL 19, 2023

The National Association of Mortgage Brokers (NAMB), an association representing the interests of individual mortgage loan originators and small to midsize mortgage businesses, is welcoming the introduction of a bill that would end the sale of trigger leads. The bill, H.R. However, none of the three credit bureaus responded.

Loan Officer 432

Loan Officer Loans Mortgages Finance 432

Housing Wire

NOVEMBER 21, 2023

California-based mortgage lender CMG Financial announced the integration of Shamrock Home Loans’ origination team, which will boost its presence in New England. The group will be branded as Shamrock, Powered by CMG Home Loans. 21, NMLS showed the lender had eight loan officers and 13 branches. year over year.

Loan Officer 357

Loan Officer Lending Loans Finance 357

Housing Wire

AUGUST 21, 2023

Elizabeth Martin, a former loan officer assistant of UHM, filed suit against the lender alleging sex and/or pregnancy under the Missouri Human Rights Act and Title VII of the Civil Rights Act in the 16th judicial circuit court of Jackson County, Missouri early this year. Hastings, a branch manager and loan officer, on Aug.

HR 332

HR Loan Officer Mortgages Loans 332

Housing Wire

FEBRUARY 3, 2023

The Lock ‘n’ Roll program is eligible for conventional and government fixed-rate loans, with the lock period being a minimum of 60 days, according to its website. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. billion.

Loans 344

Loans Loan Officer Closing costs Mortgages 344