Housing Wire

AUGUST 25, 2022

South Carolina-based Movement Mortgage has acquired the brokerage Superior Rate Mortgage of New England to expand operations in the region, the company announced Wednesday. The acquisition is another step to boost its sales amid shrinking loan origination volumes. The terms of the deal were not disclosed. Movement originated $13.7

Brokerage 497

Brokerage Mortgages Loan Officer Loans 497

Housing Wire

NOVEMBER 4, 2024

But for first-time and other cash-strapped buyers—those who are not relying on the proceeds of a home sale, who may be using a 100% financed VA loan, whose agents may be layering forms of assistance to put together enough cash for closing—knowing in advance about the seller’s contribution to their agent costs may be essential.

Debt-to-income ratio 316

Debt-to-income ratio Agents VA loan MLS 316

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. The Texas-based lender is licensed in 26 states and provides 15-year and 30-year fixed mortgages, including government loans, 203 (k) renovation loans and reverse mortgages. This consists of $1.5

Brokerage 438

Brokerage Mortgages Technology Branding 438

Housing Wire

JULY 12, 2021

The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. Terms of the deal were not disclosed, but the Financial Times reported that SoftBank -backed Better bought Trussle for a “cut-price,” one that values the mortgage brokerage at just $9 million.

Brokerage 446

Brokerage Mortgages Loan Officer Banks 446

Housing Wire

JUNE 20, 2024

Finance of America (FOA), the leading U.S. This data does not include originations of proprietary reverse mortgages, but no provider of these loans publicly shares the sales volume figures for their private-label products. 1 lender in the country with 7,784 endorsements in the 12-month period ending on May 31, 2024.

Finance 453

Finance Investor Mortgages Equity 453

Housing Wire

MAY 21, 2024

NEXA Mortgage , the largest mortgage brokerage firm in the U.S., will pay its loan officers 100% of the commission splits “without any per-file fees or other hidden fees,” according to co-founder and CEO Mike Kortas. NEXA usually pays loan officers 220 basis points (bps) out of 275 bps on most loans.

Loan Officer 459

Loan Officer Loans Brokerage Equity 459

Housing Wire

AUGUST 4, 2022

Tech-focused real estate brokerage Radius , flush with $14 million in venture capital raised this past April, has launched a mortgage lending arm in California that it plans to roll out to additional markets sometime next year. Presented by: Axis Technical Group.

Lending 418

Lending Brokerage Mortgages Banks 418

Housing Wire

APRIL 1, 2024

When Hometap launched in 2017, the Boston-based fintech offered an unorthodox answer to this question for homeowners looking for an alternative to a loan. In addition to that, conventional underwriting does not serve the new-age economy such as gig workers, so you are seeing this demand for alternative financing. “And

Equity 464

Equity Finance Purchase and sale agreement Investor 464

Housing Wire

SEPTEMBER 10, 2022

NEXA Mortgage, the largest mortgage brokerage in the country, this week cut ties with the Association of Independent Mortgage Experts ( AIME ), claiming the trade group fails to address bullying and lacks proper governance. In a statement to HousingWire, Casa wrote that UMortgage encourages its loan originators to support AIME.

Brokerage 435

Brokerage Loan Officer Loans Mortgages 435

Housing Wire

AUGUST 17, 2022

Struggling digital mortgage lender Better.com is teaming up with secretive big data firm Palantir to create a proprietary loan platform that is says will enable Fannie Mae , Freddie Mac and mortgage investors to make “richer and deeper data-driven mortgage capital allocation decisions.”. million profit during the same period in 2021.

Loans 448

Loans Investor Title Mortgages 448

Housing Wire

MARCH 23, 2023

The bank crisis has also reduced the spread between conforming and jumbo loan rates. ” According to Jones, the federal funds rate is expected to remain elevated through the end of the year, meaning that a higher interest rate environment is “here to stay for the time being, including for home loans.”

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

APRIL 10, 2024

In practice, these rules prohibit giving or accepting a thing of value for referrals of settlement services in federal mortgage loans. Violations identified vary across different stages of the loan process. These services include educating the borrower, explaining the different loan types, and demonstrating monthly payments.

Banks 439

Banks Brokerage Mortgages Loans 439

Housing Wire

MARCH 20, 2025

billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. Rocket connects with 2 million purchase contracts annually when they explore affordability and mortgage financing. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. billion deal for Redfin.

Mortgages 224

Mortgages Loan Officer Brokerage Loans 224

Housing Wire

MARCH 16, 2023

The Consumer Financial Protection Bureau (CFPB) announced this week that it is launching an inquiry into the business practices of data brokerage firms to learn whether their impact on consumers can inform planned rulemaking under the Fair Credit Reporting Act (FCRA).

Brokerage 78

Brokerage Industrial Loans Mortgages 78

Housing Wire

JUNE 29, 2022

Boston fintech firm Knox Financial plans to expand its lending business and loan products with $50 million in funding it received from a real estate advisory firm. The fintech also will offer additional loan products, including home equity lines of credit (HELOCs), new purchase loans and cash-out refinancings.

Loans 368

Loans Equity Lending Title 368

Housing Wire

APRIL 1, 2025

Name Job Title Company Name Aaron Heidorn Director of Software Engineering & Infrastructure Cloudvirga Aaron Smith Director, Sales CubiCasa Adrian Provost Chief Executive Officer Realty ONE Group Terminus Ana LeBlanc Human Resources Director InterLinc Mortgage Annie Lemon Producing Branch Manager Gold Star Mortgage Financial Anthony Russo Diamond (..)

Lending 270

Lending Technology Title Development 270

Housing Wire

OCTOBER 4, 2024

The HousingWire Pulse Survey for Q4 2024 provides valuable insights into the current state of the real estate market from various perspectives: brokerage leaders, mortgage professionals, and real estate agents. Mortgage professionals : Lenders primarily consisted of loan originators and mortgage brokers, providing a perspective on financing.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

Housing Wire

OCTOBER 6, 2023

Meanwhile, in addition to diversifying their portfolios, brokerage firm owners are keeping their cost structure under control to be profitable in a shrinking market. Then, we have all the traditional financing options, including jumbo.” 1 product to help first-time homebuyers get their houses.

Mortgages 493

Mortgages VA loan Finance Renovation 493

Housing Wire

OCTOBER 15, 2020

At that point, Loan Factory had about 200 loans and just 13 employees. Quicken Loans , see how big they are? Though plenty of loan originators and brokerage executives are stuffing their pockets with cash, his approach is rare – he personally develops his own software and sells it to other brokerages. .

Mortgages 435

Mortgages Loans Brokerage Technology 435

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents. “You

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

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. 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.

Lending 436

Lending Mortgages Equity Loan Officer 436

Housing Wire

JANUARY 5, 2021

In a statement confirming the deal Tuesday afternoon, Guaranteed Rate said the acquisition of Stearns would enable a boost in retail loan originations and further scale its JV platform, while also developing “new multichannel capabilities.” This is a breaking news story. Check back for more updates.

Lending 538

Lending Bankruptcy Loans Mortgages 538

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. And mortgage brokerages, which don’t have the burden of high overhead, are heavily recruiting retail LOs whose pipelines have thinned in recent months.

Mortgages 476

Mortgages Banks Brokerage Loans 476

Housing Wire

JUNE 11, 2024

Department of Veterans Affairs (VA) on Tuesday issued a temporary fix that will allow homebuyers using VA loans to pay for their real estate agent’s commission — i.e., the buyer-broker fee. Behr, program analyst at the department’s Loan Guaranty Service and Veterans Benefits Administration, said in a statement.

VA loan 523

VA loan Loans Brokerage MLS 523

Housing Wire

JULY 1, 2024

. “Just like our streamlined name, we’re committed to making the mortgage process smoother, faster and smarter, using AI to empower both customers and loan officers alike. It originated more than 59,000 loans for a total volume of $21.7 It’s more than a new name. It’s a new era.” mortgage lender last year.

Loan Officer 433

Loan Officer Lending Finance Mortgages 433

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space.

Loans 321

Loans Loan Officer Branding Technology 321

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Who’s most exposed? But that statement comes with a big asterisk.

Agents 497

Agents Purchase and sale agreement Brokerage Finance 497

Housing Wire

OCTOBER 6, 2023

New American Funding ’s partnership with Matic Insurance and OneSource Solution will provide insurance and home setup services for existing and new customers while NAF is processing the loan. NAF has a servicing portfolio of more than 250,000 loans representing about $66.1 billion in value, according to the lender.

Loans 455

Loans Brokerage Mortgages Finance 455

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

Loan Officer 485

Loan Officer Loans Agents Mortgages 485

Housing Wire

DECEMBER 27, 2021

Because of that, and several other reasons, gross margins for real estate brokerage firms are declining with no real end in sight. for the largest brokerage companies in the United States. The first cause of the decline is the growth in competition for productive agents and a variety of new brokerages. Now, they’re at 13.5%

Brokerage 416

Brokerage Finance Short sale Agents 416

Housing Wire

AUGUST 27, 2024

Even as the real estate and mortgage markets are seeing light at the end of the tunnel following two difficult years of conditions, mortgage rates have yet to ease enough to create a surge of demand for purchase loans and refinances. The 15-year conventional rate averaged 6.28%, up 3 bps from a week ago. “The

Mortgages 459

Mortgages Loans Finance Brokerage 459

Housing Wire

MARCH 31, 2025

billion deal comes just weeks after the Detroit-based lender announced its acquisition of real estate brokerage Redfin for $1.75 There’s the origination process, which is all of the financing, title closing, and then servicing, where they essentially develop a lifetime relationship.

Technology 261

Technology Mortgages Industrial Title 261

Housing Wire

JUNE 28, 2024

a provider of shared equity financing products, announced Thursday that it hired Paul Giangrande as a corporate executive vice president and president of its mortgage division. At AmeriCash, he oversaw more than 300 employees and helped the company close more than $18 billion in home loans. San Jose -based EquiFi Corp. ,

Equity 383

Equity Purchase and sale agreement Mortgages Finance 383

Housing Wire

JANUARY 25, 2024

Before that, Haddad spent about six years at Quicken Loans , starting as a senior mortgage banker in 2013 and ascending to regional vice president. Haddad’s nomination shows AIME’s commitment to attracting more retail loan officers to the broker channel. He left Rocket in the beginning of 2019.

Lending 446

Lending Loan Officer Loans Mortgages 446

Housing Wire

MAY 21, 2024

VA policy states that while a veteran is allowed to use a buyer broker to purchase a home using their VA loan benefit, they “may not under any circumstances, be charged a brokerage fee or commission in connection with the services of such individuals.”

VA loan 523

VA loan Agents Loans MLS 523

Housing Wire

JUNE 18, 2024

a student loan servicer he joined in 2003. Homes.com focuses on selling homes and building brands for agents and brokerage firms. In the meantime, the enterprise has started the process to identify a successor. Before joining Freddie Mac, Lown was the chief financial officer of Navient Corp. ,

Commercial 447

Commercial Branding Brokerage Finance 447

Housing Wire

MARCH 28, 2024

Mike Kortas and Mat Grella, the longtime owners and co-founders of America’s largest mortgage brokerage, NEXA Mortgage , are in negotiations to end their partnership. billion in mortgage loans in 2023, according to Kortas, easily more than any other brokerage. Kortas told HousingWire that he owns 50.5% NEXA did $6.29

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468