Housing Wire

JUNE 15, 2021

Houston-based nonbank mortgage lender Cornerstone Home Lending is buying Roscoe State Bank , a traditional depository bank headquartered in Roscoe, Texas. The merged organization is to be known as Cornerstone Capital Bank, and the mortgage division will continue to be known as Cornerstone Home Lending. It funded $4.2

Lending 468

Lending Banks Loan Officer Loans 468

Housing Wire

NOVEMBER 14, 2024

Meanwhile, Rettinger joined Pennymac in 2010 after holding leadership roles at Bank of America and HSBC. billion in mortgage loans from January to September, up 8.8% compared to the same period in 2023, according to Inside Mortgage Finance (IMF) estimates. In October, Chang stepped down and was succeeded by Mark Elbaum.

Mortgages 370

Mortgages Loan Officer Loans Banks 370

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

Finance 448

Finance Agents Mortgages Loan Officer 448

Housing Wire

DECEMBER 4, 2024

“As the market stabilizes, I look forward to helping clients achieve their home financing goals with the support of Rate’s unparalleled technology and commitment to low rates.” Most recently, Lindsay served as a mortgage loan officer at U.S.

Lending 397

Lending Mortgages Loan Officer Loans 397

Housing Wire

NOVEMBER 7, 2023

Banks have tightened lending standards for most categories of residential real estate (RRE) loans and home equity lines of credit (HELOC) over the third quarter of 2023. of banks reported to have tightened standards on government residential mortgages, the report showed. Responses were received from 62 domestic banks and 19 U.S.

Lending 497

Lending Banks Mortgages Loan Officer 497

Housing Wire

MARCH 6, 2025

It started 2024 with 18 loan officers and finished the year with about 90. Net cash provided by operating activities a measure of how the business is performing outside of investing and financing activities was $48.7 The company said about 40 independent brokerages with about 2,200 agents in total joined under these terms.

Brokerage 370

Brokerage Agents Loan Officer Technology 370

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said.

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Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

JANUARY 10, 2024

University Bank ’s reverse mortgage division has added four key hires across different disciplines as it prepares to grow further in the reverse mortgage space. Jake Droge joins the company as a loan officer, while Carol Olmos has joined the company as an account executive. That’s encouraging to know.

Banks 468

Banks Mortgages Lending Loan Officer 468

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

Loan Officer 418

Loan Officer FHA loan Loans Mortgages 418

Housing Wire

FEBRUARY 6, 2024

Banks reported having tightened lending standards across almost all categories of residential real estate loans over the fourth quarter of 2023 amid an elevated interest rate environment. banks said they saw weaker demand for all types of residential real estate loans except for government (46.2%) and subprime mortgage loans (41.6%).

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Residential Lending Banks Mortgages 497

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Three others were also sentenced in connection to the fraud.

Banks 83

Banks Loan Officer Loans Mortgages 83

Housing Wire

JANUARY 19, 2024

Tennessee-based community bank Patriot Bank agreed to pay $1.9 The DOJ alleged that from 2015 through at least 2020, Patriot avoided providing mortgage services to majority- Black and Hispanic neighborhoods in Memphis, Tennessee and discouraged people seeking credit in those communities from obtaining home loans.

Banks 482

Banks Loan Officer Lending Loans 482

Housing Wire

FEBRUARY 19, 2025

The top-producing loan officer brings a proven track record of high-volume production and financing solutions for borrowers. Franquemont funded $38 million across 103 loans 2024 alone, according to Rate. He first joined Guaranteed Rate in January 2019 after a two-year stint as a loan officer at Northpointe Bank.

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Loan Officer Lending Loans Technology 337

Housing Wire

JANUARY 31, 2025

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. We’re excited to welcome him to the Evergreen Home Loans family.” His career began in 1989 as a loan officer with Norwest Mortgage.

Loans 330

Loans Loan Officer Construction Banks 330

Housing Wire

AUGUST 31, 2022

Houston-based nonbank mortgage lender Cornerstone Home Lending announced on Wednesday it has received all regulatory approvals to acquire traditional depository The Roscoe State Bank, a deal that will expand its operations beyond the traditional mortgage business. For The Roscoe State Bank, Piper Sandler & Co. It funded $5.1

Lending 370

Lending Banks Commercial Loan Officer 370

Housing Wire

OCTOBER 11, 2021

The largest depository bank in Indiana, Old National Bank , is being sued for alleged redlining practices that spanned more than a decade. According to FHCCI, out of the 2,250 mortgage loans made by the bank from 2019 to 2020, a measly 37 were to Black borrowers across the entire Indianapolis market. million and $23.6

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

SEPTEMBER 28, 2022

On Tuesday, the fintech and PNC Bank announced a partnership that allows customers to digitally apply for a mortgage and import bank/payroll information directly into their application. PNC mortgage loan officers can also collaborate real-time with customers through their online portal, the bank said.

Banks 369

Banks Loan Officer Technology Title 369

Housing Wire

FEBRUARY 6, 2024

Accused of redlining by regulators, First National Bank of Pennsylvania (FNB) has agreed to settle the case for $13.5 FNB was involved in the case as a successor in interest of Yadkin Bank , which it acquired in 2017. In addition, the bank discouraged these customers from obtaining home loans, according to the complaint.

Banks 435

Banks Lending Loan Officer Loans 435

Housing Wire

MARCH 15, 2023

Silicon Valley Bank resumed mortgage originations on Tuesday via its newly established “bridge bank” — just four days after California state regulators took possession of the financial institution and appointed the Federal Deposit Insurance Company (FDIC) as receivers. The company’s average mortgage loan was about $1.45

Banks 370

Banks Mortgages Loans Loan Officer 370

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

FHA loan 468

FHA loan Loans Loan Officer Mortgages 468

Housing Wire

DECEMBER 9, 2020

I have a refinance client in California and they own a geodesic dome home,” said Glessner, a senior loan officer at Draper & Kramer Mortgage in Englewood, Colorado. “They are nearly impossible to finance, thus not worth my team’s time currently. But with origination volume expected to exceed $3.4

Loans 516

Loans Closing Loan Officer Mortgages 516

Housing Wire

JANUARY 25, 2024

California-headquartered LoanSnap was hit with a temporary order to cease and desist from Connecticut’s Department of Banking for “systemic” unlicensed mortgage loan origination activity. LoanSnap requested a hearing, according to Connecticut’s Department of Banking.

Loan Officer 435

Loan Officer Loans Banks Title 435

Housing Wire

MAY 22, 2024

Our comprehensive product suite offers solutions for virtually every mortgage and home financing need,” Kamran said in a statement. The technologically advanced mortgage platform empowers loan officers to serve both customers and business partners with ease and excellence.

Lending 447

Lending Development Loan Officer Finance 447

Housing Wire

FEBRUARY 16, 2021

Bank of America recently reported that their digital mortgage transactions have nearly doubled over the past year, citing 68% of all consumer mortgage sales were made digitally in 2020, compared with just 36% in 2019. . 3 Self-driving banks. Technology startups are making banking more accessible. 4 Don’t show me the money.

Mortgages 534

Mortgages Banks Loan Officer Technology 534

Housing Wire

DECEMBER 12, 2023

PrimeLending , a Texas-based retail mortgage bank, added 12 new loan originators as it attempts to grow market share within its existing Texas footprint. In June, the lender brought on 100 loan officers and hired 33 additional LOs based in Texas since that period. billion, data from Inside Mortgage Finance showed.

Loan Officer 448

Loan Officer Loans Lending Mortgages 448

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.

Loan Officer 435

Loan Officer Loans Banks Mortgages 435

Housing Wire

MAY 7, 2024

Recent data from Inside Mortgage Finance shows a significant leap in broker market share, jumping to 24.3% The increased awareness around these benefits have positioned brokers to be the obvious choice when it comes to consumer mortgage needs, keeping them competitive with large banks and retail lenders.

Industrial 476

Industrial Loan Officer Marketing Loans 476

Housing Wire

JANUARY 5, 2024

But this isn’t your standard poaching lawsuit: G-Rate alleges that NAF has wooed at least 30 employees since early 2023 via illegal loan officer compensation practices. The departing employees included a divisional manager, branch and regional managers, and loan officers.

Loan Officer 482

Loan Officer Loans Banks Mortgages 482

Housing Wire

JANUARY 17, 2024

David Stevens, a legend of the mortgage banking industry who helmed the Federal Housing Agency and the Mortgage Bankers Association in a career that spanned four decades, has died. More recently, he was the chief executive officer of Mountain Lake Consulting, Inc., a financial services consulting firm focused on real estate finance.

Loan Officer 493

Loan Officer Finance Lending Industrial 493

Housing Wire

MAY 29, 2024

Mortgage lender Kind Lending has hired Tammy Richards , who previously held positions at Bank of America , Caliber Home Loans and loanDepot , as its chief operating officer. According to the Nationwide Multistate Licensing System (NMLS), Kind Lending had 87 sponsored loan officers and 23 active branches as of Wednesday.

Lending 426

Lending Banks Loan Officer Loans 426

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. Really struggling.

Loan Officer 435

Loan Officer Mortgages Fixed-rate mortgage Loans 435

Housing Wire

OCTOBER 1, 2022

The Department of Justice reached a $12 million-plus settlement with Lakeland Bank over claims the lender engaged in redlining in the Newark, New Jersey metropolitan area. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley. Presented by: FormFree.

Lending 435

Lending Loan Officer Banks Loans 435

Housing Wire

OCTOBER 11, 2022

Mortgage Coach , a mortgage platform that enables lenders to educate borrowers with home loan presentations, announced that its platform will be integrated with Insellerate, a customer relationship management (CRM) platform.

Mortgages 418

Mortgages Loan Officer Loans MLS 418

Housing Wire

SEPTEMBER 23, 2024

The division will be led by Joe Conrad, an industry veteran who most recently served as a reverse mortgage loan officer at Mutual of Omaha Mortgage. He has also served at other companies, including the former Finance of America Mortgage , Skyline Home Loans and his own independent mortgage brokerage.

Lending 448

Lending Mortgages Equity Loan Officer 448

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. But not every LO will find a new workplace.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

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. The very people responsible for delivering the classes say the material could use some updating. LOs often lose focus during CE classes, he told HousingWire. .

Loan Officer 397

Loan Officer Loans Lending Banks 397

Housing Wire

SEPTEMBER 16, 2022

Loan Officer Freedom. Host Carl White, founder of The Mortgage Marketing Animals loan officer coaching program, shares insights for loan officers on how to close more while working less. Loan Officer Leadership. 10 Loans a Month. The Loan Officer Podcast. Housing News.

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Loan Officer Mortgages Lending Loans 435