Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

Equity 448

Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

JULY 25, 2022

Pink slips will arrive for 58 employees working in the mortgage business at Texana Bank in California, according to a Worker Adjustment Retraining Notification (WARN) sent to the state’s Employment Development Department. The layoffs include loan officers, underwriters, processors, post-closing and secondary market staff.

Banks 370

Banks Loan Officer Loans Lending 370

Housing Wire

JULY 31, 2023

banks have tightened their lending standards for residential real estate (REE) loans and home equity lines of credit (HELOC) in the second quarter amid the collapse of regional banks and a cascade of interest rate hikes by the Federal Reserve to tame inflation. of banks reported weaker demand for HELOCs.

Lending 370

Lending Banks Mortgages Loan Officer 370

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Still, consolidation is clearly underway in the mortgage banking industry already. loan officers] in pods.’”.

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

SEPTEMBER 23, 2024

Los Angeles area-based mortgage lender Premier Plus Lending announced last week that it is expanding into the senior-focused home equity market with a new division, Retirement Mortgage Solutions , which will include reverse mortgages and other home equity-based lending instruments.

Lending 448

Lending Mortgages Equity Loan Officer 448

Housing Wire

AUGUST 2, 2021

Banks moved to ease lending standards for most mortgage loan products during the second quarter, according to a loan officer opinion survey published this week by the Federal Reserve Board. Overall, feedback from participants – 75 domestic banks and 22 U.S.

Mortgages 493

Mortgages Lending Banks Residential 493

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages 448

Mortgages Loan Officer Banks Lending 448

Housing Wire

SEPTEMBER 27, 2023

Rhode Island-based chartered bank Washington Trust Company has agreed to pay $9 million to settle a redlining case with the U.S. community bank, was accused of illegally avoiding providing mortgage services to majority Black and Hispanic neighborhoods in Rhode Island. However, the bank denies the allegations.

Banks 459

Banks Lending Loan Officer Equity 459

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things.

Industrial 435

Industrial Mortgages Loan Officer Banks 435

Housing Wire

MAY 6, 2024

Utah-based Capital Community Bank (CCBank) has struck a deal to acquire Security Home Mortgage (SHM), which will become an independent subsidiary division of the bank, the parties announced on Friday. CCBank, founded in 1993, had nearly $871 million in total assets and $127 million in equity capital at the end of 2023.

Mortgages 459

Mortgages Loan Officer Banks Equity 459

Housing Wire

JUNE 2, 2023

based ESSA Bank & Trust over allegations that the company engaged in redlining majority Black and Hispanic communities from access to credit services around the Philadelphia area. When banks engage in redlining, they perpetuate existing patterns of segregation and widen the racial wealth gap in our country.

Banks 321

Banks Lending Loan Officer Loans 321

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award. Morgan , Bear Stearns , and Lehman Brothers.

Equity 445

Equity Loan Officer Principal Loans 445

Housing Wire

FEBRUARY 15, 2024

The nation’s top loan officer Shant Banosian joined the board of directors at Healing Realty Trust , a healthcare-focused real estate investment company. Aiming to take the company public next year, Healing Realty Trust will tap into Banosian’s network of big banks as well as investors to grow its portfolio.

Loan Officer 434

Loan Officer Commercial Investor Banks 434

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). non-Bank financial institutions at Fitch Ratings.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

AUGUST 9, 2024

Mortgage tech firm Blend Labs delivered another loss in the second quarter of 2024 even as it signed deals with new customers across the mortgage and consumer banking channels. Blend’s platform segment includes its mortgage banking suite, which experienced a revenue decrease of 17% year over year to $18.5 million in Q2 2024.

Banks 447

Banks Loan Officer Loans Title 447

Housing Wire

MAY 25, 2023

has decided to exit the origination business amid one of the most challenging cycles in decades, provoked by the Federal Reserve ‘s tightening monetary policy and a banking crisis. The company will focus on full-servicing banking and mortgage servicing businesses, it announced on Thursday. Department of Veteran Affairs (V.A.)

Mortgages 397

Mortgages FHA loan Loan Officer Banks 397

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 459

Equity Loan Officer Mortgages Industrial 459

Housing Wire

AUGUST 13, 2021

Today it’s over 70% at big banks, and between 95% to 99% for top producers. Most loan officers lose 70% of their past customers because they don’t have the process or tools to manage the relationship forward. However, the real threat right now is in the emerging banking-as-a-service. Tech becomes fintech.

Loan Officer 476

Loan Officer Technology Loans Mortgages 476

Housing Wire

APRIL 19, 2022

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Loan officers working for depository banks are not bound by the same requirements.

Loan Officer 397

Loan Officer Pre-qualification Banks Lending 397

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. ” Traditional banks have proximity to borrowers due to a preponderance of local branches across the country.

Mortgages 526

Mortgages Marketing Lending Loans 526

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.

Loan Officer 448

Loan Officer Lending Loans Equity 448

Housing Wire

JUNE 22, 2022

UWM’s price-matching guarantee included competitors such as Amerisave, Amwest Funding , NewRez/Caliber Home Loans , Cardinal Financial, Carrington Mortgage Services , Citizen Bank/Franklin American , CMG , Equity Prime Mortgage , Finance of America Mortgage , Flagstar Bank , Freedom Mortgage Corp.,

Loans 459

Loans Loan Officer Banks Mortgages 459

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. HW: How has the proptech space evolved in the last 5-10 years?

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

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. McKenna continued, “​​We work with probably eight of the top 15 independent mortgage banks out there, and the large ones are going to be hiring.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. ” Tapping that equity. ” Just a little less vanilla.

Mortgages 418

Mortgages Equity Loans Seller concession 418

Housing Wire

AUGUST 17, 2023

5000 – is a mortgage broker and partners with other lenders to generate leads for VA, FHA, purchase, refi and personal loans. At a time when refis dried up and loan officers are in desperate need of deals, some loan officers are leaning into buying leads — from companies including Zillow , Realtor.com and Freerateupdate.com.

Loan Officer 370

Loan Officer Mortgages Fixed-rate mortgage Loans 370

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. Stay tuned for updates.

Loans 508

Loans Banks Loan Officer Branding 508

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

SEPTEMBER 28, 2022

The executive was most recently chief executive officer at mortgage marketing firm Volly. He also had a stint as chief information officer of mortgage and home equity lending at Bank of America. . Its total loan acquisitions and originations came in at $26.7 in 2021, compared to 2.3%

Mortgages 397

Mortgages Loan Officer Lending Loans 397

Housing Wire

NOVEMBER 20, 2024

The new hires “underscore Rate’s commitment to enhancing financial solutions tailored to the unique needs of this demographic, empowering them to leverage their home equity for a more comfortable and secure retirement,” the company said. PRMI) and The Federal Savings Bank. “I

Industrial 370

Industrial Mortgages Lending Loan Officer 370

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Bank, Citi and Bank of America looking to expand the ranks of LOs. Bank, Citi and Bank of America looking to expand the ranks of LOs.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

SEPTEMBER 1, 2022

If you were the lender that provided the customer’s last loan, you’re usually out. You wouldn’t know the customer needs credit unless they literally told a loan officer or applied on your website. The Realtor then refers to lenders they trust. When they want to know how much house they can afford, they start shopping lenders.

Equity 394

Equity Loan Officer Loans MLS 394

Housing Wire

JUNE 14, 2024

However, a record $17 trillion of home equity is still available in the market. So how can you leverage this massive amount of equity? For example, bank statement HELOCs serve self-employed borrowers, who might not qualify for traditional products. Housing sales have slowed due to waning supply and record-high prices.

Loans 448

Loans Banks Equity Development 448

Housing Wire

JULY 12, 2021

Trussle’s investors include American bank Goldman Sachs and Amsterdam-based venture capital fund Finch Capital. The digital-only lender, whose loan officers don’t make commissions, capitalized on an incredible boom in refinancings. via a high street bank,” Garg said. “We ’s $1.5 We researched the U.K.

Brokerage 448

Brokerage Mortgages Loan Officer Banks 448

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands.

Lending 397

Lending Loan Officer Finance Loans 397

Housing Wire

MARCH 1, 2021

These mortgages come with lower interest rates, a quicker payoff timeline and the opportunity to build equity much faster than 30-year loans. And who couldn’t use an extra $60,000 in the bank?). Streamline refinances (if you have an FHA or VA loan). It doesn’t stop there.

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

MAY 24, 2022

When writing about the ’80s banks and passbooks, I started to see a pattern emerge concerning customers and refinance loans and rates. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. Most times, the bank relationship was established before the home was found.

Mortgages 459

Mortgages Banks Loans Loan Officer 459