Housing Wire

MARCH 11, 2025

Federally registered broker and correspondent lender Milestone Mortgage Solutions has acquired Willow Home Loans and is looking to join the $1 billion origination club this year. Bristol has a federal registration and has given the lender the flexibility to bring on loan officers who are not yet licensed. “Our goal is to be No.

Loans 368

Loans Mortgages Loan Officer Technology 368

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. When I sold competitive products, the sales portion of it felt really easy.

Mortgages 369

Mortgages Sales Loan Officer Lending 369

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

Loans 288

Loans Mortgages Equity Construction 288

Housing Wire

MAY 12, 2025

Tom Davis, Chief Sales Officer at Deephaven, is helping lead that charge working with sales teams across the country to grow not just volume, but trust. From your perspective, what (big picture) conditions are driving demand for closed-end second loans, home equity loans and HELOCs right now? today according to the U.S.

Loans 279

Loans Investor Renovation Equity 279

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.

Loans 284

Loans Loan Officer Construction Banks 284

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

Loan Officer 441

Loan Officer Loans Sales Mortgages 441

Housing Wire

MARCH 13, 2025

The share of Federal Housing Administration (FHA) loan applications hit a record high for the survey, accounting for nearly one-third of all applications. The average loan size decreased, signaling that first-time homebuyers remain active in the market, Kan said. By loan type, conventional mortgages made up 56.7%

FHA loan 351

FHA loan VA loan Mortgages Loans 351

Housing Wire

DECEMBER 17, 2024

MBA estimates from the builder application survey show that sales of new single-family homes were running at a seasonally adjusted annual rate of 713,000 units in November 2024. Additionally, the 713,000 unit seasonally adjusted annual pace of new home sales was the third strongest month of 2024. from the 56,000 sales in October.

FHA loan 380

FHA loan VA loan Mortgages Loans 380

Housing Wire

APRIL 9, 2025

Last week’s activity focused on purchase activity, which posted year-over-year growth for more than two months as for-sale inventory continues to increase steadily. The average refinance loan size jumped to its second highest in the survey at $399,600. The adjustable-rate mortgage (ARM) share of activity increased to 8.6%

Fixed-rate mortgage 458

Fixed-rate mortgage Mortgages Loans VA loan 458

Housing Wire

MARCH 21, 2025

foreclosure pre-sale inventory rate was 0.39% during February, a month-over-month change of 2.16% and a year-over-year change of -1.99%. Prepayment activity (SMM) fell to 0.46% in February, the lowest level in a year, on higher rates and a seasonal dip in home sales. Starts saw a year-over-year change of 34.53%. The total U.S.

FHA loan 400

FHA loan Loans Mortgages Sales 400

Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Sales isnt for everyone you have to earn it Sales is not for everyone. Dress & act like you mean business There is no dress code to be a loan originator, but there is for you. Its on you to figure it out.

Loan Officer 254

Loan Officer Loans Industrial Development 254

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%

Lending 441

Lending Loan Officer Loans Finance 441

Housing Wire

JUNE 13, 2025

This is because traditional income verification requirements for government or government-sponsored loans, including those from Fannie, Freddie , or Ginnie Mae , may not be applicable. Additionally, third-party due diligence is conducted on 100% of the securitized loans, utilizing firms that have been reviewed and approved by S&P.

Due diligence 412

Due diligence Lending Investor Loans 412

Housing Wire

OCTOBER 25, 2024

A new report from Zillow Home Loans outlines some key trends and factors for renters to consider when evaluating a home purchase. The for-sale market, on the other hand, is offering opportunities for buyers heading into the fall, with more than 1 in 4 sellers cutting prices. In some of the U.S.’s The typical rent is 3.4%

Pre-approval 450

Pre-approval Loans Mortgages Equity 450

Housing Wire

JANUARY 8, 2025

Available inventory of homes for sale fell each year as more and more borrowers had this cheap financing. These borrowers found themselves a great deal on their loan and locked themselves into really terrific cheap payments. In the Altos Research data, we track every home for sale in the country every week.

Mortgages 466

Mortgages Finance Loans Equity 466

Housing Wire

APRIL 28, 2025

billion deal to acquire digital real estate brokerage firm Redfin , industry observers are still trying to understand the future of one key asset: Bay Equity Home Loans. As of April 22, the platform had 272 sponsored loan officers across 90 branches, according to the Nationwide Multistate Licensing System (NMLS).

Loan Officer 370

Loan Officer Equity Loans Brokerage 370

Housing Wire

APRIL 28, 2025

Activity increased across all loan types except those backed by the U.S. Loans guaranteed by the U.S. The foreclosure auction sales rate properties sold to third-party buyers began the year strong but fell sharply in February to a 26-month low point before partially rebounding in March. Department of Agriculture (USDA).

Loans 360

Loans Real-estate owned Sales Marketing 360

Housing Wire

OCTOBER 24, 2024

But only about 17,000 delinquent loans completed the foreclosure process in the second quarter of 2024, almost one-third of the nearly 45,000 that completed the foreclosure process in Q1 2020. Often, the best available option for staying in the home is through a loan modification or some other type of repayment plan with the bank.

Bankruptcy 421

Bankruptcy Equity Hard money loan Finance 421

Housing Wire

NOVEMBER 22, 2024

The report — which included a survey of 700 home flippers — showed a decrease in the sentiment index as 17% of home flippers reported “poor sales relative to seasonal norms” from July through September. The average interest rate for a fix-and-flip loan also rose in Q3 2024 to 10%, according to Kiavi.

Investor 399

Investor Mortgages Renovation Loans 399

Housing Wire

NOVEMBER 27, 2024

22, driven by a 12% increase in demand for purchase loans, according to data released Wednesday by the Mortgage Bankers Association (MBA). With the growth in for-sale inventory and signs that the economy remains strong, buyers have remained in the market even though rates have increased recently. Mortgage applications rose 6.3%

Mortgages 369

Mortgages VA loan FHA loan Fixed-rate mortgage 369

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.

Lending 214

Lending Sales Loan Officer Equity 214

Housing Wire

JANUARY 14, 2025

A report released Tuesday by Optimal Blue found that the conforming loan share sank to historic lows in December. More refis in December pulled market share away from other loan types, including conforming loans. ” The conforming loan share dropped by 1.5% mortgage market trends.

VA loan 367

VA loan FHA loan Mortgages Loans 367

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.

FHA loan 425

FHA loan Loans Technology Loan Officer 425

Housing Wire

OCTOBER 11, 2024

Purchase loans (0.9%) had higher levels of risk than refinances (0.58%). CoreLogic determined that the lowest-risk applications by loan type were those from the U.S. In 2023, there was a large shift of business away from conforming purchase loans to those insured by the Federal Housing Administration (FHA). in 2024 and 1.9%

Mortgages 508

Mortgages Sales Loans Lending 508

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

New Construction 421

New Construction Investor Construction Loans 421

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.

Loan Officer 407

Loan Officer Pre-approval Technology Loans 407

Housing Wire

MAY 2, 2025

The partnership, announced this week, will give eXp Luxury agents access to the MORE Seller Bridge Loan Program a short-term seller financing option that lets sellers convert their existing low-rate mortgages into income after selling their home.

Finance 431

Finance Loans Brokerage Mortgages 431

Housing Wire

APRIL 18, 2025

First American Data & Analytics has launched a new product designed to help lenders identify title issues earlier in the mortgage and home equity loan process, with the goal of cutting delays and reducing closing times. VeriTitle is available via an API and can be integrated into widely used loan origination and point-of-sale systems.

Title 349

Title Equity Loans Closing 349

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 397

Mortgages Lending Loan Officer Loans 397

Housing Wire

DECEMBER 19, 2024

The FHFA also found that 35% of all loan modifications completed in the third quarter resulted in an average reduction of more than 20% to borrowers’ monthly payments, and refinances rose by 9,214 from Q2 to total 98,785 in Q3. Forbearances also increased in Q3 to 39,669 loans as of Sept.

Fixed-rate mortgage 380

Fixed-rate mortgage Loans Mortgages Finance 380

Housing Wire

NOVEMBER 13, 2024

Smith will lead teams across sales, operations, finance, servicing and corporate functions at the South Carolina-based mortgage lender that originated about $16 billion in mortgage loans from January to September, up 2.7% compared to the same period last year, according to Inside Mortgage Finance (IMF).

Mortgages 370

Mortgages Loan Officer Finance Lending 370

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.

Equity 421

Equity Loans Mortgages Loan Officer 421

Housing Wire

OCTOBER 11, 2024

Floify is the first point-of-sale system (POS) to introduce a native electronic verification of income and employment service, Sofia Rossato, the president of Floify, said in an interview with HousingWire. Lenders can embed Floify Verify directly into the loan application process to speed up loan approval.

Pre-approval 410

Pre-approval Loans Lending Mortgages 410

Housing Wire

NOVEMBER 13, 2024

The two best-performing demographics for African Americans — Black female-headed households and millennials — both declined in home sales in 2023,” the organization explained in an announcement of the report’s findings. The report also said that potential Black homebuyers are too often shut out of the opportunity to participate in the market.

Pre-approval 396

Pre-approval Mortgages Loans Finance 396

Housing Wire

NOVEMBER 13, 2024

An AVM estimates a property’s value by analyzing its characteristics and recent sales transactions using advanced algorithms and mathematical modeling. While AVMs leverage robust data to estimate a property’s value, IAG also requires valuations for home equity loans to reflect the property’s current physical condition. What are AVMs?

Equity 369

Equity Lending Loans Renovation 369

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.

Purchase and sale agreement 381

Purchase and sale agreement Closing Industrial Mortgages 381

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.

Loan Officer 343

Loan Officer Loans Mortgages Residential 343