Housing Wire

NOVEMBER 13, 2024

The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. Better’s earnings report also included the announced hiring of the executive team from NEO Home Loans to build out a distributed retail channel.

Mortgages 357

Mortgages Loan Officer Loans Technology 357

Housing Wire

JANUARY 11, 2022

The real estate company entered into an agreement to acquire mortgage lender Bay Equity Home Loans for $135 million, two-thirds in cash and one-third in stocks, Redfin said in a press release and public filing. Also, Redfin hopes it will let the company reduce investments in lending software by using the Bay Equity system.

Equity 488

Equity Purchase and sale agreement Loan Officer Lending 488

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

MARCH 14, 2025

Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loan officers must do to thrive. Our mortgage industry is experiencing a fundamental shift.

Mortgages 317

Mortgages Loan Officer Marketing Loans 317

Housing Wire

JANUARY 3, 2025

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). A lot of times when seniors go through counseling and really take a close look at the loan, they can get confused. Guild is one example.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 396

Purchase and sale agreement Equity Loan Officer Principal 396

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. During a phone interview with HousingWire on Oct.

Equity 445

Equity Investor Loan Officer Finance 445

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 447

Equity Purchase and sale agreement Marketing Lending 447

Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 461

Lending Equity Banks Loans 461

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. About 16.8%

Loan Officer 435

Loan Officer Lending Loans Equity 435

Housing Wire

APRIL 7, 2025

Home Equity Conversion Mortgage ( HECM ) endorsements fell in March based on rate increases observed in the late period of 2024, while HECM-backed securities ( HMBS ) issuance saw an increase in March in a market that remains generally healthy despite lower issuance activity.

Mortgages 233

Mortgages Loan Officer Loans Industrial 233

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.

Lending 447

Lending Loans Loan Officer Equity 447

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 435

Lending Mortgages Equity Loan Officer 435

Housing Wire

MAY 14, 2024

million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. Funded loan volumes came in at $661 million, up 25% quarter over quarter. Purchase loans comprised 80% of the funded volume, followed by refinances (12%) and HELOCs (8%). Better posted a net loss of $51.5

Loans 442

Loans Loan Officer Equity Mortgages 442

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS). It has licenses in four states and three branches.

Banks 445

Banks Mortgages Loan Officer Loans 445

Housing Wire

AUGUST 16, 2024

“I was going through my newsletters last week to Realtors and told them to watch for the headlines,” said Geoff Black, senior loan originator at Guild Mortgage. “It This small group of homeowners include those looking to take out cash from their accumulated equity. Absolutely not.” “Our Tampa Bay, Florida, area did three.

Loan Officer 463

Loan Officer Equity Loans Mortgages 463

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 416

Equity Loan Officer Residential Commercial 416

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). over asking price. High octane stuff.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. And I’m so delighted.

Industrial 434

Industrial Mortgages Loan Officer Banks 434

Housing Wire

SEPTEMBER 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. However, the industry is approaching this cycle with caution. The first thing we are hiring for is more recruiters.

Industrial 455

Industrial Mortgages Loan Officer Loans 455

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 418

Loan Officer Equity Finance Loans 418

Housing Wire

MARCH 19, 2025

We recently hired Misti Snow and we were going through some data with TinMan, and for our team members who are on it, we have two and a half FTEs to fund a loan and fulfillment. Our fulfillment cost is around 35% less than the industry underwriting touches per loan. How are you staying in front of people? And the consumers love it.

Loan Officer 231

Loan Officer Loans Technology Mortgages 231

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 446

Equity Loan Officer Mortgages Industrial 446

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Strategies to differentiate themselves include buying leads, providing niche loans and getting on builders’ preferred lender list.

Loan Officer 418

Loan Officer Mortgages Loans Closing costs 418

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. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Buy before you sell (BBYS) products may be the answer.

Backup offer 444

Backup offer Loan Officer Home sale contingency Branding 444

Housing Wire

MAY 6, 2024

Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage. AnnieMac CEO Joseph Panebianco expressed his enthusiasm about the addition of Aubourg to the company’s executive team.

Mortgages 411

Mortgages Loan Officer Lending Equity 411

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Homepoint is in a tough spot. We’re not afraid to get smaller as an organization.”

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

MAY 3, 2022

Nonbank heavyweight loanDepot will unveil a home equity line of credit (HELOC) product in the third quarter of 2022, the first offering of its recently launched mello business unit. ” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. .

Equity 418

Equity Loan Officer Loans Technology 418

Housing Wire

MAY 24, 2024

Just about a year ago, Chicago-based multichannel mortgage lender Guaranteed Rate announced its plans to expand its reverse mortgage division — including around the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) product. For some forward loan officers, this is a brand-new opportunity,” Pohlmann said.

Loan Officer 414

Loan Officer Mortgages Loans Sales 414

Housing Wire

JANUARY 17, 2024

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. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

NOVEMBER 15, 2022

HousingWire recently spoke with Dan Catinella, chief lending officer at Total Expert, about how Customer Intelligence technology is improving deal flow and pushing the customer experience into the 21st century. . Dan Catinella : Lenders should lean into the power of their tech stack as they try to cut costs in the current market situation.

Loan Officer 466

Loan Officer Marketing Loans Technology 466

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. Better Home & Finance Holding Co. ,

Loan Officer 456

Loan Officer VA loan Loans Technology 456

Housing Wire

MARCH 28, 2024

According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. “The negotiations regarding the buyout of Mr. .” Kortas told HousingWire that he owns 50.5%

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

Housing Wire

MAY 6, 2024

According to the Nationwide Multistate Licensing System (NMLS), SHM provides home mortgage solutions in six states through a network of four branches and 62 licensed loan officers. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023.

Mortgages 452

Mortgages Loan Officer Banks Equity 452

Housing Wire

JUNE 15, 2021

The prospective merger – relatively rare for a nonbank mortgage lender – would create an organization with approximately $2 billion in assets and more than $300 million in equity capital, the companies said in a joint release. billion in loans during the first quarter of 2021, good for 42nd nationwide in production volume.

Lending 468

Lending Banks Loan Officer Loans 468