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How loan officers are dealing with surging rates and record-low inventory 

Housing Wire

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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How lenders can help borrowers improve their credit score

Housing Wire

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined.

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How the Fed’s rate hike will affect the housing market

Housing Wire

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Marketing 448
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Mortgage demand gets a boost as rates decline for three straight weeks

Housing Wire

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Arias said his pre-approval applications for March are in line with January’s numbers — but he hasn’t seen the busy spring buying season that everyone had hoped for.

Mortgages 425
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How PrimeLending plans to grab market share

Housing Wire

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. Companies may be struggling in one way or another.

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How JVM Lending plans to expand without any loan originators

Housing Wire

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time. A lender with $624.6

Lending 390
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DataDigest: The pandemic housing frenzy never went away in these markets

Housing Wire

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.