Housing Wire

MAY 26, 2022

A Florida-based loan officer faces more than 30 years in federal prison if convicted on charges alleging she falsified divorce papers and child support payment information to help unqualified borrowers secure a loan, according to a Department of Justice indictment. She could also be ordered to pay $130,000 in restitution.

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Housing Wire

MAY 1, 2023

The tool is designed to address the issue of sensitive data being handled by lenders and loan officers on a daily basis, including social security numbers, paystubs, and tax returns. According to Maxwell, the company’s suite of tools have resulted in a 20% increase in loans closed per loan officer.

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Loan Officer Mortgages Technology Loans 411

Housing Wire

MARCH 26, 2021

The lawsuit, which combined two legal actions that were designated a class action, was filed on behalf of 5,377 loan officers and other mortgage staffers employed by the bank in California from 2013 and 2019. James Kang, the lead plaintiff, said Wells Fargo illegally clawed back compensation.

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Bankruptcy Banks Loan Officer Loans 488

Housing Wire

MAY 20, 2024

Mortgage capital markets tech firm Polly announced on Monday its API integration with cloud banking provider nCino to enhance the digital mortgage process for lenders. The current multi-phase integration with nCino already enables Polly pricing searches for loans and loan applications within the nCino Mortgage Suite web interface.

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Mortgages Loan Officer Technology Banks 433

Housing Wire

JUNE 7, 2024

Its “ smart loans ,” which were built using artificial intelligence technology, are designed to help homebuyers find the best mortgage for their unique financial situation. In May 2022, it launched a cloud-based portal, LoanFlow , that gives mortgage brokers and loan officers the ability to originate loans anytime, anywhere.

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Housing Wire

MARCH 1, 2021

Bank Home Mortgage , will speak on a panel titled What Mortgage Tech is Solving Now at HousingWire’s Spring Summit on March 4. Bolstad will be joined on the panel by Dave Vermillion , founder and CEO of Mortgage Champions , and Lisa Patterson, chief originations officer at Homepoint. The post U.S.

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Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. We would welcome the opportunity to approve courses with a creative take on how they design and develop content.”. LOs often lose focus during CE classes, he told HousingWire.

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Housing Wire

MARCH 25, 2024

It may be counterintuitive, but loan officer Scott Betley, a 32-year-old TikTok sensation , says he isn’t worried about a potential U.S. Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. ban of the short-form video app.

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Housing Wire

JUNE 22, 2022

United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, wants to beat rival lenders by offering competitive pricing to brokers, a move designed to navigate a shrinking mortgage market with compressed margins. UWM dropped rates by 50 to 100 basis points across all loan types, the company said in a release.

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Loans Loan Officer Banks Mortgages 459

Housing Wire

OCTOBER 12, 2023

By deploying customer intelligence from Total Expert — a customer engagement platform for financial institutions — Mountain West Financial will provide automated alerts that notify its loan officers in real-time when a customer’s behavior or financial situation signals they’re a good candidate for a home loan, Total Expert said.

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Housing Wire

AUGUST 12, 2020

This article was written for FinLedger, HW Media’s new fintech-focused news brand designed specifically for financial services professionals in banking, insurance and real estate. Among its dozens of limited partners are major banks, which are the kinds of customers Blend is servicing, Mayopoulus pointed out.

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Loans Banks Loan Officer Branding 508

Housing Wire

JANUARY 22, 2024

Customer intelligence and mortgage tech firm Polly named Troy Coggiola as its chief operating officer amid the company’s effort to scale. Coggiola will be responsible for Polly’s product, implementation, support and design teams, working toward seamless cross-organization collaboration.

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Housing Wire

SEPTEMBER 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. We’re overstaffed by design, and we never let sales get ahead of operations.” We’ve been hiring, training and developing our people.

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Industrial Mortgages Loan Officer Loans 456

Housing Wire

DECEMBER 11, 2023

Wells Fargo , once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

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Housing Wire

MAY 23, 2024

Editor in Chief Sarah Wheeler sat down with Christos Bettios, chief information officer at NFM Lending , to talk about the company’s private, proprietary GPT that is making his whole team more efficient. Bettios has been at NFM Lending for seven years and previously worked at US Bank Home Mortgages and First American Mortgage Solutions.

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Loan Officer Lending HR Loans 437

Housing Wire

AUGUST 6, 2024

Lower continues to make moves designed to support its expansion efforts, hiring former Waterstone Mortgage executive Dustin Owen as its new divisional sales leader and senior vice president of growth. Owen is the founder and host of “ The Loan Officer Podcast ,” which tallied more than 1 million downloads in 2022.

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Lending Loan Officer Mortgages Branding 443

Housing Wire

FEBRUARY 10, 2023

The portal is designed to offer GHMC partners a “unique borrower online application experience” at no additional costs. The company has 48 state licenses, three retail branches and 13 loan officers. Guaranty Home Mortgage was founded in 1986 as Guaranty Trust and became an independent mortgage banker in 2019.

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Loan Officer Lending Technology Mortgages 370

Housing Wire

FEBRUARY 14, 2024

As a result, lenders can offer their own branded BBYS solution that is more affordable than most BBYS products and simplifies the homebuying process for homeowners, agents, and loan officers from start to finish. JF: We’ve carefully designed our processes, so our incentives are always aligned with yours.

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Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. “I believe the best way to care for the veteran is a loan with little to no fees. Department of Veterans Affairs averaged 6.12%. ”

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Housing Wire

APRIL 27, 2023

“I’ve always been passionate about helping loan officers grow their business to serve more families in our communities. ” With over 21 years in finance and mortgage lending roles, Yeager’s experience spans investment banking, residential retail mortgage, and private mortgage lending.

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Housing Wire

OCTOBER 31, 2023

No one knew it was possible to manage so many aspects of your life in one place — from ordering groceries to banking to managing your healthcare — and to be honest, people might not have thought they wanted all those things in one place. I compare it to how people felt before the iPhone came out. Everything should be in sync.

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Technology Loan Officer Loans Banks 455

Housing Wire

SEPTEMBER 23, 2022

Texas-based independent mortgage bank Thrive Mortgage has signed a letter of intent to acquire the Ohio-based lender American Mortgage Service Company (AMSC). Thrive’s chief operations officer Selene Kellam , who designed the lender’s operations workflow, will be the chief executive officer starting in 2023.

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Mortgages Loan Officer Banks Technology 370

Housing Wire

JANUARY 27, 2021

Roostify, which powers the digital mortgage platforms of JPMorgan Chase , TD Bank , Guild Mortgage , HSBC Bank USA and more, allows different lending parties to bring in data and information from online sources that then tailors the homebuying process.

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Lending Technology Loan Officer Equity 369

Housing Wire

AUGUST 1, 2023

Coming off multiple quarters of financial losses , Rocket has accelerated those efforts in 2023, embarking on a remote local loan officer hiring spree designed to capture purchase market business from real estate agent connections, sources told HousingWire.

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Loan Officer Purchase and sale agreement Loans Mortgages 370

Housing Wire

NOVEMBER 29, 2021

He added that large issuers, such as big investment banks, “have a dedicated desk at their TPR firm [via contract], and they will sit there and wait for the loans, but they will not put anyone in front of them.”. “It depends on who you are,” Mayhew explained. Charlotte-based Canopy is a relative newcomer to the TPR market. “The

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Due diligence Loan Officer Loans Mortgages 486

Housing Wire

SEPTEMBER 27, 2024

We bake in aspects where we serve our tech to servicers or credit unions or banks to help them reduce default risks by doing a lot of data analysis behind the scenes to help them identify how they can reduce risk of non-payments, reduce any default risk, and keep their books healthy but also keep the consumers in a healthy place.

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Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. business advisory firm in real estate, mortgage finance, digital mortgage, banking and capital markets.

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Housing Wire

NOVEMBER 1, 2023

Even in a digital-first shopping landscape, loan officers are still a valuable resource for borrowers. For instance, if you choose to build your platform, you’ll have plenty of freedom in its design. Instead, let borrowers compare a handful of products side by side.

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Loans Fixed-rate mortgage Lending Loan Officer 428

Housing Wire

AUGUST 26, 2024

Many independent mortgage banks opted to sell a substantial portion of their MSRs, aiming to free up cash and stay afloat amidst declining origination activity, anticipating future regulatory capital requirements or simply lacking interest in maintaining these assets. To further support this, UWM is offering incentives on some refi loans.

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Mortgages Banks Debt-to-income ratio Loans 445

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” Unlike banks and credit unions, nonbanks can’t hold these [home equity] loans on their balance sheets. …

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Housing Wire

JANUARY 23, 2024

If a loan file is submitted to DU that can’t be approved as-is because of limited borrower credit history, but otherwise could be approved with sufficient rent payment history, DU will share that finding back to the lender. Fannie Mae began to incorporate customers’ rent payments into DU in September of 2021.

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Technology Loan Officer Loans Banks 329

Housing Wire

JULY 13, 2023

At her new company, her primary goal will be to optimize the utilization and adoption of Argyle’s products across various sectors, including mortgage, lending, banking, and background checks. Chacón brings with her over a decade of leadership experience in product management and technology to her new role.

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Housing Wire

OCTOBER 4, 2024

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. They have flexible work hours and can work independently or with a bank or mortgage broker.

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Loan Officer Loans Lending Mortgages 440

Housing Wire

OCTOBER 7, 2020

MyHome will provide transparency to every participant in the real estate transaction – consumer, Realtor, lender, loan officer, processor and funder – through direct, immediate access. The pandemic further validated the essential rightness of WFG’s design. To 2021 and beyond.

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RIS Media

SEPTEMBER 21, 2021

She brings a mix of investment banking and a legal background into her work in real estate. After moving to San Antonio in 2003, Jackson went on to train Air Force officers in logistics readiness and attained his Master Instructor certification the following year with over 3000 hours on the podium. Wendy Holcomb. Julian Jackson lt.

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HomeLight

OCTOBER 15, 2020

If you’re a would-be homebuyer searching for a home in a rural or even suburban area, you could potentially qualify for a United States Department of Agriculture (USDA) loan. These loans — like FHA and VA loans — are backed by the government. You can get a USDA loan with no money down on the house.

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Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 85

Realty Biz

SEPTEMBER 19, 2023

NON-QM mortgage loans are designed to serve most Americans who do not meet the strict eligibility criteria of QM loans. These loans facilitate home ownership, second home ownership, and investment properties, allowing for income generation and wealth building for a more diverse range of borrowers.

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Equity Mortgages Lending Loans 83