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

APRIL 2, 2024

New American Funding (NAF) has snagged top Chicago loan officer Larry Steinway as it looks to grow its presence in the Chicagoland area. billion of loan volume in his nearly 30-year career, started at NAF on April 1 as its vice president producing area sales manager tasked with expanding the lender’s footprint in the Chicagoland area.

Loan Officer 440

Loan Officer Loans Finance Mortgages 440

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

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

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

Debt-to-income ratio 351

Debt-to-income ratio Loans VA loan FHA loan 351

Housing Wire

MARCH 27, 2025

“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. . This is about fundamentally transforming how the mortgage ecosystem works together.”

Mortgages 318

Mortgages Loan Officer Technology Loans 318

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

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. A spokesperson at Fairway did not immediately reply to HousingWire ’s request for comment. Garland added.

Lending 466

Lending Loan Officer Loans Mortgages 466

Housing Wire

NOVEMBER 15, 2024

Should the goal of marketing technology be to make it so that a loan officer never needs to log in? I started in the mortgage industry in 2015, working for large banks that were heavily invested in using technology to simplify the loan process for everyone involved. Ordering an appraisal was as easy as pushing a button.

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Loan Officer Loans Marketing Title 350

Housing Wire

JULY 15, 2024

For loan originators , managing the narrative is crucial. The messages you convey to clients, referral partners, and even yourself can significantly impact your success. Here’s how you can harness the power of strategic narratives: Inform and inspire confidence 1. Educate with market intelligence: In a fluctuating market , knowledge is power.

Loan Officer 416

Loan Officer Loans Banks Mortgages 416

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. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans. ADU is a big requirement now.

Debt-to-income ratio 258

Debt-to-income ratio Loan Officer Marketing Loans 258

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. Throughout his 20-year career he has closed more than 40,000 units and $9 billion in funded loans. But my biggest focus initially is going to be the loan officers.

Loan Officer 435

Loan Officer Loans Technology Mortgages 435

Housing Wire

OCTOBER 22, 2024

At Movement, Rawls started as a loan officer before taking over as producing bank manager. 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. Guaranteed Rate Affinity currently has three branches in North Carolina.

Lending 405

Lending Mortgages Loan Officer Development 405

Housing Wire

DECEMBER 20, 2024

Over the years, Ive observed a glaring issue that stifles the growth and success of many mortgagecompanies: promoting top-producing loan officers into management roles without equipping them with the tools, training, or even determining whether they want to be leaders. Leadership, however,demands a shift to prioritizing team success.

Industrial 368

Industrial Loan Officer Mortgages Loans 368

Housing Wire

MARCH 13, 2025

Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California. In recent years, they have focused on mentoring loan officers and tailoring their support to match different career stages. We are truly supported with the ability to grow and support our team, Keranen said.

Lending 362

Lending Loan Officer Loans Staging 362

Housing Wire

OCTOBER 31, 2024

Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. In October 2023, FOA announced a rollout of HomeSafe Second to an expanded pool of direct retail loan officers and wholesale brokers. The product also has a minimum age requirement of 55.

Mortgages 419

Mortgages Equity Loan Officer Loans 419

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

NOVEMBER 21, 2024

A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” One of the biggest complaints we often hear about the product is that it’s confusing.

Mortgages 360

Mortgages Loan Officer Equity Lending 360

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 365

Mortgages Sales Loan Officer Lending 365

Housing Wire

NOVEMBER 8, 2024

Sean Shallis, a “Recovering Realtor” and top-producing loan officer , is offering strategies to help realtors break through this stagnation by leveraging micro-market shifts to create urgency and inspire action. Flat lines in business and life are never good,” says Shallis. Key Strategies for Realtors in Q4 1.

Marketing 370

Marketing Loan Officer Equity Loans 370

Housing Wire

NOVEMBER 13, 2024

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. 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

DECEMBER 18, 2024

The new credit optimization platform will combine the best parts of the What-if Simulator and Wayfinder tools, giving mortgage professionals the power to reach more clients and close more loans. CreditXpert developed the platform to cut down loan filing timelines. 1 in preparation for the launch of the new platform.

Loan Officer 389

Loan Officer Loans Mortgages Technology 389

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 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

DECEMBER 4, 2024

The lender was later acquired by Caliber Home Loans in September 2014, prompting Lindsay to continue her career as a loan consultant and sales manager there until December 2022. 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

APRIL 16, 2025

The integration, announced on Wednesday, connects Rocket to a network of approximately 28,000 active users, including 21,000 loan officers who source mortgage offers from multiple wholesale lenders including Rockets chief rival, United Wholesale Mortgage (UWM) all within a single system. Fast-growing ARIVE is owned by Wizni, Inc.,

Loan Officer 258

Loan Officer Loans Mortgages Branding 258

Housing Wire

DECEMBER 19, 2024

In her previous role at Supreme, McNaught oversaw 200 branch locations and a national network of more than 700 loan officers. In her previous role at Supreme, McNaught oversaw 200 branch locations and a national network of more than 700 loan officers. She formerly held posts at Supreme Lending and NFM Lending.

Lending 382

Lending Loan Officer Loans Mortgages 382

Housing Wire

DECEMBER 12, 2024

Our Recapture product monitors loans, does a deep analysis and then sends a presentation to the customer about options to save them money. Bell was in tech in the late 1990s, then got into the mortgage business in 2022, doing everything from production to owning a mortgage company. This interview has been edited for length and clarify.

Loan Officer 369

Loan Officer Loans Technology Mortgages 369

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. He joined Movement in March 2015 to lead the Northeast region, was promoted to chief performance officer in 2020 and president in 2021.

Mortgages 370

Mortgages Loan Officer Finance Lending 370

Housing Wire

NOVEMBER 18, 2024

billion in mortgage loans in the last 12 months, according to the mortgage tech platform Modex estimates. Most of it is conventional (52%) and purchase (75%) loans. AnnieMac has 447 sponsored loan officers and 74 active branches as of Monday, per the Nationwide Multistate Licensing System (NMLS).

Loan Officer 383

Loan Officer Loans Mortgages As-is 383

Housing Wire

APRIL 7, 2025

Here are the 10 questions every loan originator needs to take into their first meeting with a potential Realtor referral partner: What did you do prior to real estate? Dustin Owen is the SVP of Growth at Lower and the creator and host of The Loan Officer Podcast (TLOP). Heres what you do. How was last year for you?

Land 299

Land Loan Officer Loans Agents 299

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. I absolutely think it has improved, Cory said.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

OCTOBER 15, 2024

billion in mortgages over the past year, according to Modex data, and it has made no bones about tapping high-volume loan officers in targeted locations to gain market share. Brian McKinney, formerly the CEO of Benchmark Mortgage (a dba of Ark-La-Tex Financial Services ), has joined PrimeLending in a newly created executive position.

Loan Officer 445

Loan Officer Banks Mortgages Industrial 445

Housing Wire

APRIL 4, 2025

In his view, these LOs are getting paid on the terms of the loan, which he and more than one industry lawyer I spoke to believes is a violation of LO Comp rules. So if you’re dealing with a customer who is not savvy, then you can shove a loan down their throat and generate thousands upon thousands. Its blatant.

Pre-approval 276

Pre-approval Loan Officer Loans Brokerage 276

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. On its earnings call for the fourth quarter of 2024, the company disclosed that its agent count was 24,140 at the end of the year. Thats an astonishing 77% year-over-year increase, although it is a slower pace of growth than what it experienced in 2023.

Brokerage 366

Brokerage Agents Loan Officer Technology 366

Housing Wire

APRIL 4, 2025

RETR was founded in 2022 by Wynands and chief technology officer Steven Mincemoyer. It offers a high-quality software-as-a-service platform designed to help loan officers and mortgage companies build better relationships. Both are joining the firm effective April 7, RETR co-founder and CEO Steven Wynands said.

Mortgages 305

Mortgages Technology Loan Officer Loans 305

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. A lot of our loan officers are struggling. So we’re behind our loan officers, our consumers come first,” Martinez said during the interview.

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Equity Loans Loan Officer Mortgages 210