Housing Wire

SEPTEMBER 1, 2022

The message did not provide further details, such as the reasons for shutting down and the future of the loans portfolio. . The last paycheck was paid on Wednesday, but commissions on closing loans will happen through the end of September. “We We had employees that had been with us for 33 years. “We

Mortgages 397

Mortgages Bankruptcy Loan Officer Loans 397

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. There were also a few cases of bankruptcy. HousingWire tracked 62 mergers, acquisitions, exits and bankruptcies covered by the newsroom in 2023. bankruptcies. exits and 3.2%

Mortgages 448

Mortgages Bankruptcy Lending Loan Officer 448

Housing Wire

DECEMBER 27, 2022

Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC).

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. So, the servicing valuation on those loans is strong, because pre-payments are low.

FHA loan 476

FHA loan Bankruptcy Marketing Loans 476

Housing Wire

NOVEMBER 2, 2020

Unique, comprehensive market and loan data—augmented with proprietary analytics—is integrated with these solutions for clearer insights to optimize clients’ success. Black Knight offers several advanced capabilities that integrate with loan origination systems, including Empower, to help lenders do more in less time, while reducing costs.

Lending 435

Lending Bankruptcy Equity Loans 435

Housing Wire

AUGUST 3, 2022

The most recent layoff came on Tuesday when the California-based lender eliminated several hundred positions, including loan officers, mortgage underwriters, processors and training specialists, multiple former employees said. According to data from Inside Mortgage Finance , New American Funding originated $9.1

Bankruptcy 448

Bankruptcy Loan Officer Mortgages Loans 448

Housing Wire

JANUARY 19, 2023

The lawsuits quickly came pouring in, but Strauss never did seek bankruptcy protection for Sprout or its affiliates. The mystery as to what happened to its loan pipeline and funding endure. The NMLS registry also shows that the company – NMLS ID 2420605 – has a license to originate loans in Illinois that was issued on November 1, 2022.

Mortgages 418

Mortgages Bankruptcy Loans Investor 418

Housing Wire

JULY 16, 2021

By both companies’ admission, a major key to Success’s success will be hiring loan officers. Stearns exited that company after it filed for Chapter 11 bankruptcy and bought by Blackstone Group , and he starred on the Discovery Channel’s reality TV show “ Undercover Billionaire ” before founding Kind. Presented by: SimpleNexus.

Mortgages 435

Mortgages Lending Bankruptcy Brokerage 435

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. And whether you do it or someone else does it, that loan is going to get done.” So you stop.”. Everyone bowed out.

Debt-to-income ratio 459

Debt-to-income ratio Loans Banks Loan Officer 459

Housing Wire

OCTOBER 12, 2023

Within mortgage companies, even those that have huge scale versus small scale, they’re offering really the same borrower experience and the same loan officer experience. Obviously, they’ve got some different systems to handle hundreds of loans a month versus thousands or tens of thousands. SW: How do you fix that?

Mortgages 448

Mortgages Technology Loans Loan Officer 448

Housing Wire

JULY 1, 2022

FGMC filed for Chapter 11 bankruptcy protection in Delaware on Thursday, June 30. In late January during a call with Simons, Meyer suggested that her team get more leads to experiment if her group could convert more loans than other less experienced teams.

Loan Officer 370

Loan Officer Bankruptcy Loans Sales 370

HomeLight

JULY 30, 2021

The bank will ask for a list of mortgage documents to prove you’ll be able to repay the loan. Together, these mortgage documents allow the lender to see if you have enough income to pay back the loan and determine whether you’re creditworthy. Bankruptcy discharge papers. Can you blame them?). Foreclosure documents.

Loans 98

Loans Mortgages Bankruptcy Purchase and sale agreement 98

HomeLight

OCTOBER 1, 2020

Bankruptcy documents. This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We Any and all conditions and contingencies of the loan. Underwriter reviews the loan. Recurring debts and expenses. Divorce decree.

Closing 97

Closing Purchase and sale agreement Inspection Loans 97

Realty Biz

JANUARY 20, 2023

It determines whether your home loan application gets approved. It's a process the lender uses before approving your mortgage loan application. It helps the lender determine how risky the loan would be. You may have the option of submitting your home loan application in person or over the phone.

Title search 79

Title search Debt-to-income ratio Title Loans 79

HomeLight

SEPTEMBER 30, 2021

We’ll explain how credit plays into homebuying, introduce loan programs geared specifically toward those with a low income, and offer tips on how to cut back on expenses and save for that dream house. You’ll want to have a strong credit score so that you can qualify for a home loan and get a good rate. How much to put down.

Loans 104

Loans Pre-approval Mortgages VA loan 104

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

HomeLight

JUNE 30, 2022

Lenders will also want to know if you’ve ever declared bankruptcy or owned a house that went into foreclosure. When shopping for lenders, compare first-time home buyer programs , lender requirements, interest rates, and loan terms to make sure you are getting a good deal. Pay attention to the Loan Estimate and Closing Disclosure.

Purchase and sale agreement 96

Purchase and sale agreement Inspection Earnest money deposit Closing costs 96

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Housing Wire

FEBRUARY 8, 2022

Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac. Non-QM loans typically make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or otherwise fall outside agency credit guidelines.

Marketing 370

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HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). Get it ASAP and look it over thoroughly.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

Housing Wire

DECEMBER 27, 2024

HousingWire tracked 37 mergers, acquisitions, exits and bankruptcies involving originators, servicers, tech platforms, and appraisal and valuation companies. In 2024, M&A deals accounted for 76% of the total, followed by exits at 22% and bankruptcies at 2%.

Mortgages 397

Mortgages Bankruptcy Loan Officer Loans 397

Notorious ROB

DECEMBER 19, 2022

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way. Emphasis mine].

MLS 79

MLS Agents Pre-approval Brokerage 79

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. A CFPB enforcement action could “force already financially weakened lenders into bankruptcy,” Selden said. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

Loan Officer 476

Loan Officer Loans Brokerage Mortgages 476