Housing Wire

NOVEMBER 4, 2022

Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. The lender’s gain-on-sale margins dropped to 52 bps points from the previous quarter’s 99 bps.

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

AUGUST 6, 2024

Its pull-through gain-on-sale margin was 3.22% in Q2 2024, compared to 2.74% in Q1 2024 and 2.85% in Q2 2023. We opportunistically took advantage of strong market conditions and monetized approximately $29 billion of unpaid principal balance of our mortgage servicing rights. billion in the previous quarter and below the $6.3

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

JULY 18, 2023

Garza is joining The Agency after nine years at Rogers Healy Associates , where she closed $20 million in sale volume last year. He has a background in managing sales operations and brokering transactions between clients in the U.S. In 2022, he recorded a sales volume of $30 million. and Mexico.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

AUGUST 21, 2024

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. And I think this is where most loan officers struggle to transition — you’ve got to have a ton of patience with this clientele.”

Mortgages 434

Mortgages Loan Officer Principal Industrial 434

Housing Wire

MAY 10, 2022

billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. The broker channel continues to grow: 35,000 unique loan officers submitted loans to UWM in 2021, and we think we will have more unique loan officers submitting to us in 2022.”. “The

Mortgages 397

Mortgages Loan Officer Loans Principal 397

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

MAY 1, 2023

Take a minute to look through the full list of this year’s list of honorees below. Congratulations to the 2023 Rising Stars!

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

APRIL 24, 2024

“I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgages 446

Mortgages Loan Officer Loans Principal 446

Housing Wire

JANUARY 17, 2024

For real estate professionals, this option presents an opportunity to capture more sales. But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

FEBRUARY 7, 2023

In a paper published by the Urban Institute in October, Ted Tozer, the former head of Ginnie Mae , argued that government changes to assumable loans could benefit the market. ” Other stakeholders want even higher fees so they can compensate loan officers.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

AUGUST 12, 2024

The company doesn’t want to change the overarching experiences that partners have come to expect, but the rebrand will help to further emphasize a focus on serving older borrowers, according to Eric Ellsworth, the company’s executive vice president of sales. Our goal is to help our brokers grow their business.”

Lending 459

Lending Loan Officer Branding Principal 459

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. But the multichannel lender’s gain-on-sale margin and net income fell significantly in the fourth quarter, reflecting changing market conditions. billion in unpaid principal balance.

Loans 370

Loans Loan Officer Principal Sales 370

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 Loan origination volume dropped 26% to $21.6

Principal 397

Principal Banks Loans Lending 397

Housing Wire

NOVEMBER 7, 2023

million in sales volume in 2022. billion in sales volume in 2022 across 6,080 transaction sides. We are excited to partner with Newrez because their vision, and more importantly, their values fit nicely with our own,” Al Donohue, the operating principal, said in a statement on Monday. In all, BCP agents notched $4.2

Mortgages 435

Mortgages Principal Brokerage Lending 435

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The top loan originators, who exceeded the landmark $1 billion in origination volume in each of the past two years, weren’t immune to rising rates either. over asking price. High octane stuff. Or will soon.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

SEPTEMBER 30, 2022

To convince borrowers to take out a mortgage loan, some loan officers and lenders are highlighting how home prices are more affordable now than last year – and the ability of a borrower to refinance the loan when rates decline again. There is more inventory relative to demand, and deals can be found.

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

NOVEMBER 7, 2023

VA borrowers will be the hardest hit if they have to shoulder buyer-side commissions, said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “VA loans are probably the best loans on the market. Realtors will have to decide, do I negotiate or not?

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. I think there were only two or three sales last month in LA County over $5 million.

Mortgages 397

Mortgages Marketing Loans Banks 397

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 448

Loan Officer Loans Mortgages Principal 448

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. “And But I have missed about 80% of it; 20% I might not miss.”

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. It is possible that the 30-year fixed mortgage rate may settle down at 5.5%

Marketing 321

Marketing Loan Officer Lending Mortgages 321

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%. With the gain-on-sale margin of 99 bps, when you cut 50 bps off of that, you’re in negative territory pretty quick.”.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

NOVEMBER 16, 2022

As part of the restructuring, there will be winners (the buyers) and there will be losers — those whose names disappear from the corporate registries due to sales, mergers or failure, observers told HousingWire. loan officers] in pods.’”. Who wants to be in the mortgage business? “The The plug-and-play and brokerage routes.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

AUGUST 3, 2023

Gain-on-sale margins posted for the second quarter of 2023 was 267 points, up from the previous quarter’s 239 points. billion in sold loans through its direct-to-consumer channel and $9.6 million loans service, with approximately $500 billion in unpaid principal balance. Rocket generated $22.3

Loans 370

Loans Loan Officer Mortgages Principal 370

Housing Wire

AUGUST 26, 2024

trillion unpaid principal balance (UPB). Additionally, Mr. Cooper ranks as the fourth-largest holder of MSRs, considering both whole loan portfolios and servicing rights, with $676 billion at the end of June—an increase of 70% over two years, according to Inside Mortgage Finance. Volumes will increase, as will gain-on-sale margins.

Mortgages 458

Mortgages Banks Debt-to-income ratio Loans 458

Housing Wire

DECEMBER 11, 2023

We locked in rates probably 25% more during that same period,” said Jon Overfelt, director of sales and principal at American Security Mortgage Corp. “We “It’s too early to tell December figures but we closed about 5% more transactions last month compared to November 2022.

Mortgages 482

Mortgages Fixed-rate mortgage Equity Loans 482

Housing Wire

JUNE 1, 2023

Hunsaker said the interest rate that IMBs need to charge the borrowers “in order for them to securitize [loans through the agencies] and make a profit has to be pretty darn high, to the point where it’s going to drive down volume.” “So, Those figures reflect a substantial reduction in new and existing-home sales and refinancing.

Mortgages 397

Mortgages Loans Loan Officer Investor 397

Housing Wire

SEPTEMBER 30, 2020

Loan officers can access high-priority information via its Sales Portal interface, which includes pipeline views and outstanding conditions. Andrew Weiss, Vice Principal of Platform Strategy. Farris is a seasoned industry veteran with experience in digital lending and process-driven sales solutions.

Lending 204

Lending Mortgages Technology Loan Officer 204

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. “The positive is the number of homes for sale, or the supply, has been increasing in the last few months,” he said.

Mortgages 397

Mortgages Loans Investor Equity 397

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. Median rates were at 3.2%, compared to 3.25% for conventional loans. Typically, borrowers didn’t have to start repaying the principal for a decade. In the secondary market, Wall Street firms have shown more appetite for these mortgages.

Banks 370

Banks Marketing Loans Mortgages 370

Calculated Risk Real Estate

SEPTEMBER 8, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q2. 1 (sometimes called the Flow of Funds report) released today.

Closing 130

Closing Equity Short sale Principal 130

Calculated Risk Real Estate

JUNE 8, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so negative MEW suggests that normal principal payments were greater than equity borrowing in Q1. 1 (sometimes called the Flow of Funds report) released today.

Closing 95

Closing Equity Short sale Principal 95

RIS Media

SEPTEMBER 21, 2021

She began her real estate career 16 years ago, focusing on new construction sales. As her career evolved, Gibbens became a specialist in another area, CAFO or concentrated animal feeding operation sales. With professional experience in customer service, Gibbens prides herself on focusing on serving the needs of her clients.

Loan Officer 97

Loan Officer New Construction Brokerage Residential 97

Calculated Risk Real Estate

MARCH 7, 2024

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q4. 1 (sometimes called the Flow of Funds report) released today.

Closing 75

Closing Equity Short sale Principal 75

Calculated Risk Real Estate

DECEMBER 7, 2023

However, in mid-2022, homeowners switched to using home equity loans (2nd loans) to extract equity from their homes. There are few debt cancellations now, so little MEW suggests that normal principal payments offset equity borrowing in Q3. 1 (sometimes called the Flow of Funds report) released today.

Closing 78

Closing Equity Short sale Principal 78