Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Many first-time homebuyers are stretching their finances to the limit.

Debt-to-income ratio 258

Debt-to-income ratio Loan Officer Marketing Loans 258

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The new states are Arizona, Nevada, Oregon and Utah.

Mortgages 419

Mortgages Equity Loan Officer Loans 419

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. After Mike paid his loan officer assistant, he was clearing just 40 bps.

Loan Officer 482

Loan Officer Loans Lending Mortgages 482

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

Loan Officer 427

Loan Officer Pre-approval Technology Loans 427

Housing Wire

JANUARY 17, 2024

That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 453

Mortgages Loan Officer Loans Technology 453

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform.

Loan Officer 447

Loan Officer Loans Mortgages As-is 447

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. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

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. ”

Loans 363

Loans Mortgages Loan Officer Technology 363

Housing Wire

MARCH 5, 2025

1 loan originator in the country by volume for at least five years, is assuming the role of president at Rate Mortgage , the company announced Tuesday. 8 on the Inside Mortgage Finance ranking of top originators at just under $40 billion. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans.

Loan Officer 435

Loan Officer Loans Technology Mortgages 435

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

Finance 431

Finance Agents Mortgages Loan Officer 431

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., Betsy uses Better’s loan engine, Tinman, and is a product the company hopes to white label and bring public in the near future, Garg confirmed on the earnings call. the parent of digital lender Better , reported a net loss of $54.1 By comparison, the company lost $41.4 million in Q2 2024 and $353.9

Mortgages 357

Mortgages Loan Officer Loans Technology 357

Housing Wire

SEPTEMBER 14, 2023

Because Gastelum’s client started a new job within 30 days, an underwriter at Nova decided that there was no interruption to his income and approved the loan. “It really comes down to interpretation of the guideline. When the borrower is denied for an FHA mortgage loan, an MCR report had to be created for that denial.

Loan Officer 416

Loan Officer FHA loan Loans Mortgages 416

Housing Wire

DECEMBER 4, 2024

“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” Most recently, Lindsay served as a mortgage loan officer at U.S. Rate is the second-largest retail mortgage lender in the U.S.

Lending 396

Lending Mortgages Loan Officer Loans 396

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

OCTOBER 30, 2024

The firm offers “smart loans” using artificial intelligence and developed a cloud-based portal, LoanFlow , that aims to give mortgage brokers and loan officers the ability to originate loans anytime, anywhere. According to a filing from the California Department of Financial Protection and Innovation dated Oct.

Lending 445

Lending Loan Officer Banks Loans 445

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 Real credited its technology offerings and business model for the explosive growth in agents. million in 2023.

Brokerage 366

Brokerage Agents Loan Officer Technology 366

Housing Wire

FEBRUARY 19, 2025

Denver-based loan originator Chris Franquemont announced on Wednesday his return to Guaranteed Rate as producing branch manager. The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. His return follows a brief stint with CrossCountry Mortgage.

Loan Officer 274

Loan Officer Lending Loans Technology 274

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

FHA loan 468

FHA loan Loans Loan Officer Mortgages 468

Housing Wire

FEBRUARY 11, 2025

Origination volume is up even more, as the company’s purchase loan volume doubled in 2024, while refinance originations rose 69%. Or we work with agents and agent teams to introduce loan officers to them to partner with when they want to start by touring first.

Purchase and sale agreement 282

Purchase and sale agreement Loan Officer Loans Finance 282

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 266

Loans Loan Officer Construction Banks 266

Housing Wire

MARCH 21, 2025

As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. One of the biggest housing stories so far this year is Rocket s pending acquisition of Redfin.

Loan Officer 243

Loan Officer Loans Mortgages Title 243

Housing Wire

FEBRUARY 4, 2025

.” “We are thrilled to partner with zavvie to make Arrival’s products available to zavvie’s impressive network of loan officers and real estate agents ,” Simon Chen, CEO of Arrival Home Loans, said in a statement. Arrival Home Loans, which is powered by Pacific Private Money Inc.

Loans 254

Loans Loan Officer Finance Brokerage 254

Housing Wire

OCTOBER 2, 2023

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. When retail loan originators visit the website, LOs are asked to fill out their names, contact information and comments or questions about wholesale lending.

Loan Officer 435

Loan Officer Lending Loans Equity 435

Housing Wire

APRIL 7, 2025

to 53 loans, its highest monthly figure since September, according to RMI. 56 loans in March separated leading HECM lender Mutual of Omaha Mortgage with its next closest competitor, Finance of America (FOA). to 476 loans, while South River Mortgage s performance drop was generally less severe, falling by 1.5%

Mortgages 233

Mortgages Loan Officer Loans Industrial 233

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. president of NAMB, said in a statement. However, H.R.

Loan Officer 468

Loan Officer Loans Mortgages Finance 468

Housing Wire

APRIL 30, 2024

In the midst of a higher-for-longer mortgage rate environment that is reshaping the landscape of the mortgage industry, the role of a chief marketing officer (CMO) becomes increasingly pivotal as mortgage companies navigate market fluctuations and changing consumer behaviors. Click here to nominate someone.

Loan Officer 448

Loan Officer Technology Loans Finance 448

Housing Wire

OCTOBER 13, 2023

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. Sources said that acquiring Fairway would be a way for CrossCountry to add loan officers at different branches across the country.

Loan Officer 493

Loan Officer Loans Mortgages Staging 493

Housing Wire

NOVEMBER 20, 2023

An originator can usually get a buyer into that home for less than $20,000 through a mixture of seller concessions and strategic financing. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in. I want to be clear: in no way do I hope any of this happens.

Pre-approval 475

Pre-approval Agents Loan Officer Seller concession 475

Housing Wire

JANUARY 5, 2024

But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. The departing employees included a divisional manager, branch and regional managers, and loan officers.

Loan Officer 482

Loan Officer Loans Banks Mortgages 482

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. In a down market disrupted by the commission lawsuits, agents and LOs are considering working in a dual capacity. But it’s a tough road to hoe. (AI

Loan Officer 484

Loan Officer Loans Agents Mortgages 484

Housing Wire

NOVEMBER 2, 2023

Meanwhile, Michael Strauss , its only loan officer, now has an inactive status on his license, according to the Illinois Department of Financial and Professional Regulation (IDFPR). Mortgage tech platform Modex shows that Strauss, the only mortgage loan officer at Smart Rate, originated $5.56 million , down from $26.5

Loan Officer 468

Loan Officer Bankruptcy Loans Residential 468

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

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer. “The

Mortgages 459

Mortgages Loan Officer Loans Finance 459

Housing Wire

DECEMBER 21, 2021

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. Presented by: Black Knight.

Industrial 468

Industrial Loan Officer Loans Mortgages 468

Housing Wire

MARCH 20, 2025

Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. ” “Real estate is still a physical, relationship-driven business,” said another.

Mortgages 222

Mortgages Loan Officer Brokerage Loans 222