Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Dress & act like you mean business There is no dress code to be a loan originator, but there is for you. With a 100% commission-based structure, success isnt guaranteed its earned. Its on you to figure it out.

Loan Officer 240

Loan Officer Loans Industrial Development 240

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

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

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. billion in home loan production. The company ranked No. 12 among the largest U.S. Garland added.

Lending 466

Lending Loan Officer Loans Mortgages 466

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

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. For loan originators , managing the narrative is crucial. They’ve endured a major drop in volume, a rapid rise in rates, and uncertainty surrounding realtor commission settlements and their impact on referral partners.

Loan Officer 416

Loan Officer Loans Banks Mortgages 416

Housing Wire

OCTOBER 31, 2024

The interest rate on the loan has been lowered from 9.99% to 9.49%. Interest rates on second-lien loans tend to be higher when compared to first liens, reflecting the higher amount of risk to the lender. The new states are Arizona, Nevada, Oregon and Utah. The product also has a minimum age requirement of 55.

Mortgages 419

Mortgages Equity Loan Officer Loans 419

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

Moreover, the older the loan, the more likely the borrower would refinance elsewhere. This increased refinance incentive, and mortgage applications reached their highest level in more than two years—surging by 11% according to the Mortgage Bankers Association in the week following the rate cut.

Loan Officer 427

Loan Officer Pre-approval Technology Loans 427

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 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.

Loan Officer 350

Loan Officer Loans Marketing Title 350

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.

Equity 210

Equity Loans Loan Officer Mortgages 210

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

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. million in cash, restricted cash, short-term investments and self-funded loans. The company’s earnings release noted a nonrecurring gain of $5.5

Mortgages 357

Mortgages Loan Officer Loans Technology 357

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

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

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

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

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

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 21, 2024

In the summer of 2022, just after his wife’s 62nd birthday, qualifying age arrived and the loan closed roughly 24 hours later. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” For Nelson, of course, this process was easier.

Mortgages 360

Mortgages Loan Officer Equity Lending 360

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

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

Loans 254

Loans Loan Officer Finance Brokerage 254

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

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

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

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

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

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

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. 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). I absolutely think it has improved, Cory said. Guild is one example.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

AUGUST 2, 2024

is acquiring Garden State Home Loans Inc. Garden State had 34 sponsored loan officers and two active branches—in Medford (New Jersey) and Maitland (Florida)—as of Friday, per the Nationwide Multistate Licensing System (NMLS). billion in 19,000 loans since its foundation. billion in 19,000 loans since its foundation.

Banks 451

Banks Loans Loan Officer Lending 451

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 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.

Pre-approval 276

Pre-approval Loan Officer Loans Brokerage 276

Housing Wire

MARCH 3, 2025

Introduction As part of our ongoing discussion on the concept of movement in the mortgage industry, it is readily apparent that the failure of mortgage companies to pivot or tweak their business models to satisfy changing market and other conditions has resulted in consolidation based on liquidity, buyback, financial and other concerns.

Purchase and sale agreement 387

Purchase and sale agreement Closing Industrial Mortgages 387