Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. The human touch remains critical in mortgage lending.

Technology 448

Technology Industrial Mortgages Development 448

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Top producers often succeed due to their independence and focus on personal goals.

Industrial 393

Industrial Loan Officer Mortgages Loans 393

Housing Wire

APRIL 11, 2025

The regulation was the target of criticism from the mortgage industry. Industry response Mortgage trade groups applauded the freeze on the nonbank registry rule. The bureau will instead continue to focus its enforcement and supervision activities on pressing threats to consumers, the CFPB said in a statement.

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Industrial Banks Mortgages Residential 305

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. Sage Homes Loans is based in Fort Mill, South Carolina. John will reportedly focus on leading borrower retention efforts.

Loans 366

Loans Marketing Lending Banks 366

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. Why is that important?

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Loans Mortgages Equity Construction 315

Housing Wire

APRIL 24, 2025

Servicers must report the completion status of TPPs in the VA Loan Electronic Reporting Interface (VALERI) by Aug. Industry reactions Industry reactions to the documents provisions were mixed. Following news earlier this month that the U.S. But the deadline for submitting a new VASP event is April 30 at 11:59 p.m

Industrial 263

Industrial Mortgages VA loan Loans 263

Housing Wire

APRIL 17, 2025

Housing industry pros are largely supportive of the raft of changes the Federal Housing Administration made related to the COVID-19 era loss mitigation waterfall. The issue is less what they rescinded as it is what they instituted, said David Dworkin, president and CEO of the National Housing Conference (NHC) in an interview.

Industrial 274

Industrial Mortgages Equity Banks 274

Housing Wire

APRIL 3, 2025

3:45] Why It matters for the rest of the industry Two segments stand out in the episode: First, Kleimanns assessment of Rockets ability to execute on the end-to-end vision. Mr. Cooper services a vast portfolio, including loans originated by top competitors. Cooper acquisition is about scale, servicing, and customer lifecycle retention.

Industrial 254

Industrial Mortgages Loans Closing 254

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

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Loan Officer Loans Mortgages Industrial 211

Housing Wire

APRIL 8, 2025

UWM’s Jason Bressler and Google’s Oliver Parker United Wholesale Mortgage (UWM) , the top mortgage lender in America, on Tuesday announced a strategic AI agreement with Google Cloud that the companies say will bring modernization to the mortgage industry. model to enhance underwriting automation.

Mortgages 497

Mortgages Lending Loans Technology 497

Housing Wire

JANUARY 23, 2025

billion in total or as much as $1,692 per loan. billion in total or as much as $1,692 per loan. According to the release, Nigrinis and Zywicki analyzed how much widespread use of automated title risk assessments would lower consumer costs, promote greater transparency and increase industry competition.

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Title Land Loans Closing costs 468

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 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

MARCH 10, 2025

A reverse mortgage-related bill that was introduced in the Maryland state Senate that would have put the onus on lenders to cover some extra expenses tied to the Home Equity Conversion Mortgage ( HECM ) origination process has been withdrawn by the sponsoring senator after conversations with reverse mortgage industry representatives.

Industrial 290

Industrial Mortgages Equity Loans 290

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. “His proven success in building strong teams and partnerships, along with his deep industry expertise, makes him the perfect fit for this role. .

Loans 310

Loans Loan Officer Construction Banks 310

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. Rocket also has arguably the strongest recapture game in the industry, and a deal like this would give it a distinct advantage over all other competitors. ”

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. PST on Oct. 31 or they’ll be declined. Condos are hard.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

OCTOBER 15, 2024

Schwartz points out that starting Tomo required an adaptive approach to leadership by people who maintain a “wartime“ leadership style that adjusts to industry changes. But he notes that building a successful mortgage company requires hard work and diligence, regardless of industry changes.

Loans 259

Loans Marketing Technology Mortgages 259

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 interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Ive spent years in the industry , and as my son prepares to take his NMLS exam, these are the key expectations I will share with him to navigate his first year in the business. Its on you to figure it out. Everything else is a distraction.

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Loan Officer Loans Industrial Development 277

Housing Wire

FEBRUARY 4, 2025

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers. Arrival Home Loans, which is powered by Pacific Private Money Inc. produced a total volume of $52.5

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Loans Loan Officer Finance Brokerage 284

Housing Wire

APRIL 25, 2025

Reverse mortgage professionals are preparing to travel to Irvine, California, for the industrys first event of the year, hosted by the National Reverse Mortgage Lenders Association (NRMLA). But NRMLAs board will also aim to look even further ahead by engaging members on-site about the potential dynamics of the industry beyond that scope.

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Industrial Mortgages Loan Officer Equity 204

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.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

FEBRUARY 6, 2025

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. Department of Veterans Affairs loans. And likewise, it’s gone up for VA.

VA loan 398

VA loan FHA loan Debt-to-income ratio Loans 398

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. This interview has been edited for length and clarity.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. SAM loans grant the lender a share of the home’s future appreciation in exchange for a lower interest rate.

Loans 254

Loans Closing Mortgages Technology 254

Housing Wire

FEBRUARY 6, 2025

The housing benefits pushed more than 28 million home loans for Veterans over the last 80 years. The number of financial institutions servicing home loans has declined. Homeownership offers security and greater financial stability, along with a sense of community that is essential to military families. He retired from the U.S.

Industrial 284

Industrial Lending Closing costs Loans 284

Housing Wire

NOVEMBER 20, 2024

HousingWire: How did you get into Finance of America and the industry? That growth presents an opportunity for reverse mortgages and home equity loans. HW: How do you envision home equity products evolving to meet the needs of both traditional loan originators and underserved borrowers in the coming years?

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Equity Finance Marketing Lending 370

Housing Wire

JANUARY 8, 2025

billion in loans in 2024, according to an Instagram post on the company’s website. Schoep told HousingWire that Farrington has a proven track record of leadership, expansion and mortgage industry expertise. Skilled in Mortgage Underwriting, Processing, Closing, Contact Centers, Management, Loan Servicing, and Financial Risk.”

Mortgages 397

Mortgages Loans Industrial Banks 397

Housing Wire

MARCH 27, 2025

The company calls the move an “industry-first initiative.” “By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages. .

Mortgages 363

Mortgages Loan Officer Technology Loans 363

Housing Wire

APRIL 24, 2025

The benefits of a subservicer Subservicers are crucial to cost-saving by handling the complex and costly processes of loan servicing. Access specialized industry expertise. Subservicers are well-equipped to manage loan portfolios and navigate the complexities of loan servicing. Improve cost and time efficiency.

Technology 284

Technology Loans Mortgages Industrial 284

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. At Movement, Rawls started as a loan officer before taking over as producing bank manager. Guaranteed Rate Affinity currently has three branches in North Carolina.

Lending 430

Lending Mortgages Loan Officer Development 430

Housing Wire

OCTOBER 22, 2024

But this rule has sparked mixed reactions within the industry, reflecting both enthusiasm and concerns. It also targets “bait-and-switch data harvesting,” where data is used under false pretenses, such as offering loans using targeted advertising data. The move brings the U.S. closer to frameworks seen in places like the U.K.

Banks 447

Banks Mortgages Lending Staging 447

Housing Wire

DECEMBER 4, 2024

Connie Lindsay “Having cultivated a deep understanding of the mortgage industry over her years in the business, Connie brings a wealth of expertise and a proven track record of success,” Kamien said in a statement. “I am excited to join Rate at such a pivotal time for the mortgage industry,” Lindsay said.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

OCTOBER 18, 2024

With higher rates, lower transaction volumes usually plague the industry, translating to fewer appraisals as homeowners hunker down with their lower rates. Industry professionals expect an increase in transactions following the Fed’s recent rate cuts , leading to an increase in appraisal demands. Career Institute.

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Inspection Marketing Design Technology 448