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‘Find buyers before agents!’ Mortgage industry reacts to the NAR settlement

Housing Wire

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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The biggest challenge for the reverse industry in 2024? Mortgage rates

Housing Wire

That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.

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Smartfi hires industry vet Fiore to lead newly created retail reverse division

Housing Wire

San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I I absolutely knew that I wanted to remain in the reverse mortgage industry.

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Fairway’s Steve Jacobson is ’focused on speed’ as he builds company culture

Housing Wire

Furthermore, after a few years of economic upheaval in the mortgage industry, Jacobson says that creating a culture of freedom and inclusivity is more important than ever for Fairway’s continued success. He explains that speed and customer service rule every aspect of business, including the mortgage industry.

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Opinion: Are you thriving or barely surviving in the shifting mortgage industry?

Housing Wire

If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. I was feeling a bit drained from it all, and truth be told, it made me feel as though I had lost the “it” factor I once had in this industry. You see, social media glorifies success; think about it.

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The mortgage industry braces for (more) FICO price hikes

Housing Wire

A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. What the mortgage industry’s been told Despite widespread speculation and hints during company earnings calls, FICO has neither confirmed nor denied that cost increases on credit reporting will affect mortgage lenders in 2025.

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Identity theft protection company seeks inroads to reverse mortgage industry

Housing Wire

American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We