Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. However, successful agents and loan officers navigate fear at an unusually fast pace.

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Housing Wire

OCTOBER 13, 2023

The talks remain ongoing and are not believed to be in the late stages, sources said. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. nine industry sources told HousingWire.

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Housing Wire

AUGUST 26, 2024

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. A total of 40 lenders use the product, including The Loan Store and Luminate Home Loans , which is available in 46 states and and Washington, D.C, according to HomeLight.

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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.

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Housing Wire

JUNE 11, 2024

Following the decision, FHA loans already underwritten and approved by a Direct Endorsement underwriter, as well as cases with a firm commitment issued by HUD, may be submitted for insurance endorsement. Cases in the early stages may be transferred to other lenders with an FHA approval.

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Housing Wire

FEBRUARY 27, 2024

Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. This role offers me a platform to be more than just a loan officer,” Gatling said in a statement.

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Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. HousingWire reported on the late-stage negotiations in January.) “The In turn, lenders charge the EPO fees to their branches and/or loan officers, depending on the company’s structure. 18, and the deal closed two weeks later.

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Housing Wire

DECEMBER 16, 2020

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. Brand compliance is built into every stage of the process.

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Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

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Housing Wire

FEBRUARY 14, 2024

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. We don’t charge agents fees or require them to get certified so your loan officers can offer this product to all their agents.

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Housing Wire

MARCH 15, 2021

Retail lenders originate loans through their in-person retail branches. Typically they rely on branch traffic, referral partners, and in-branch loan officers interacting with potential borrowers face-to-face to originate loans. These powerful data insights are instantly actionable by the loan officer.

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Housing Wire

JUNE 20, 2024

At every stage of the origination process, too many lenders are doing things the same, ineffective, costly way they always have despite the availability of better, cheaper alternatives. To combat this, loan officers must be incentivized to embrace innovation. Inertia within lending institutions poses a formidable barrier.

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Housing Wire

OCTOBER 9, 2024

What we have now today is an extremely well-vetted solution for underwriting those areas of FHA loan — income, credit and asset.“ Clients use the technology for an initial conditioning at the point of sale and an underwrite later in the fulfillment stage, said Sara Knochel, chief operating officer of Candor.

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Housing Wire

SEPTEMBER 12, 2024

We’re at that stage of this cycle where the Fed, on purpose, went to attack the labor market more than inflation ,” he says. He also argues for more data-influenced decision making to help homebuilders, loan officers and real estate agents create sound strategies.

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Housing Wire

SEPTEMBER 25, 2024

mortgage brokerage firm, with 2,726 sponsored loan officers and 247 active branches, per the Nationwide Multistate Licensing System ( NMLS ). Kortas and Grella founded NEXA seven years ago after leaving Equity Prime Mortgage. As of Wednesday, NEXA was the largest U.S.

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Housing Wire

DECEMBER 21, 2022

Given the record evidence at this stage, loanDepot is likely to succeed in showing that the Defendants misappropriated trade secrets,” judge Chang wrote. In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches. billion in business.

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Housing Wire

OCTOBER 1, 2024

Training for refinance preparedness : With potential market shifts on the horizon, organizations are investing in training loan officers to handle refinances effectively. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.

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Housing Wire

NOVEMBER 1, 2023

Add context about why you’re asking for specific information at every stage. At the comparison stage, you can prioritize education about that product and deprioritize products that might be a poor fit. Even in a digital-first shopping landscape, loan officers are still a valuable resource for borrowers.

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Housing Wire

NOVEMBER 20, 2024

Mortgage , which has 330 sponsored loan officers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By “FICO set the stage for the pricing increase with their 40% increase this year. To start, FICO’s wholesale price hike translates to an additional $1.45 ” Metz said.

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Housing Wire

MAY 11, 2023

Loan officers and underwriters can now easily check title information and review critical insights to understand the status of a property and consumer. If not, they have a set of actionable title insights during this early stage to have conversations with their borrowers and make informed decisions,” Regan added.

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Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. Charlotte-based Canopy is a relative newcomer to the TPR market.

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Due diligence Loan Officer Loans Mortgages 483

Housing Wire

APRIL 18, 2023

Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. Radian recognizes that its partners may be in different stages of the journey toward offering fully digital closings, so it offers traditional, remote online notarization and hybrid closing solutions.

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Housing Wire

MARCH 25, 2021

Nick Bailey, RE/MAX Chief Customer Officer, paced back and forth on a convention hall stage Thursday, warning of a “bogeyman,” be it Zillow or some other existential threat, that always seems to threaten the home broker. Nick Bailey, courtesy of RE/MAX. Real estate agents and LOs: the great collaboration.

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Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Housing Wire

JANUARY 22, 2024

The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. If the deal goes through, the companies would have about 2,130 loan officers, which includes 1,884 from NAF and 251 from DKMC, per data collected as of Jan. DKMC), multiple sources told HousingWire.

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Housing Wire

APRIL 25, 2023

The new product is in the near-final stages of production and will be available in-market by the end of June 2023. Touchless Lending provides straight-through mortgage processing and automated underwriting as part of the end-to-end mortgage manufacturing pipeline.

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Housing Wire

OCTOBER 6, 2020

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. Borrowers were not comfortable turning over their credentials to loan officers or processors. In other cases, the loan officers didn’t trust the technology.

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Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Making sure that the house is staged properly and marketed well is really important,” she said. Annapolis, Maryland. Despite the cool off, on average, homes are sitting for only 10 days on the market.

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Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

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Housing Wire

AUGUST 31, 2020

Automation has been applied fairly well to both the front office and back-office sections of the mortgage life cycle, he said, citing tools like point-of-sale and loan officer portals on the front-office as well as the acceleration of digital closing capabilities on the back-office, but there are still opportunities for improvements to the process.

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Housing Wire

NOVEMBER 7, 2024

The company’s retail channel saw a 38% improvement from Q2 to Q3 as measured by production per loan officer. October was FOA’s “largest submission and funding month of 2024,” Sieffert added. She said that the July consolidation of the FAR and AAG brands has proven successful.

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Housing Wire

MAY 8, 2023

My father had been diagnosed with stage four liver failure at that time, and we were aggressively looking for a home so he could move in with my family. I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years.

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Housing Wire

DECEMBER 12, 2022

That intelligence allows the lender to proactively address curative issues in concert with other early-stage workflow steps. What if “instant title” meant having “instant access” to curated title data in a simple, digestible format within moments of qualifying a borrower?

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Housing Wire

OCTOBER 20, 2023

You can also post average down payments for homes of differing prices in your area, recommend loan officers, and educate your sphere of influence on first-time homebuying programs available at the state and federal level. Staging ideas There’s a science to staging, but a lot of people don’t know that.

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Housing Wire

SEPTEMBER 16, 2020

MI: If it takes 60 days to close, they’re going to end up losing clients…Having certainty, having ability to close your loans, that’s why we’re so large. It seems like a lot of lenders are getting hung up once they reach that stage. HW: How are you navigating issues with appraisal and title?

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Housing Wire

OCTOBER 4, 2024

As an example, even at this stage, we encrypt everything so that you don’t have to worry about being hacked and then having consumers’ information being leaked out. I also have people with 20-plus years of mortgage origination and loan officer experience working with us. SW: What keeps you up at night?

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Housing Wire

OCTOBER 7, 2020

The stage was set to roll out a slate of new products and services while driving advocacy for greater regulatory uniformity in several key areas. MyHome will provide transparency to every participant in the real estate transaction – consumer, Realtor, lender, loan officer, processor and funder – through direct, immediate access.

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