Housing Wire

NOVEMBER 20, 2024

White-label brokerage Side is seeking more than $4 million from the Alexander brothers and the brokerage Official Partners. The dollar amounts associated with the loan mentioned in the lawsuit, which was filed in October, were previously redacted. The note replaced a previous loan Side extended in 2022.

Brokerage 412

Brokerage Loans Agents 412

Housing Wire

AUGUST 28, 2020

The line between traditional iBuyer and brokerage is getting ever-so-blurry for venture-backed startup Opendoor. Hanging your license with Opendoor Brokerage as an independent contractor means you are eligible for a consistent, steady stream of highly motivated seller & buyer clients,” the job post reads. “You

Brokerage 538

Brokerage Staging Banks Agents 538

Housing Wire

MARCH 17, 2025

In mid-January, Pennsylvanias former attorney general Michelle Henry filed a kickback lawsuit against Barry Newhart and six mortgage entities he controls: Bright Financial Group , Conquest Mortgage , Flagship Home Loans , Legacy Mortgage Partners , Nittany Home Loans , MCT Financial , Conquest Holdings and Newhart Holdings.

Brokerage 219

Brokerage Mortgages Purchase and sale agreement Loans 219

Housing Wire

MAY 29, 2024

Thuan Nguyen’s mortgage brokerage , Loan Factory , has rolled out an artificial intelligence (AI) tool for customers and loan originators. The borrower or loan originator can simply drag their documents in and the AI tool will read them, obtain all necessary information and fill out the application for the user. “AI

Loans 420

Loans Loan Officer Brokerage Technology 420

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.

Brokerage 497

Brokerage Mortgages Loan Officer Loans 497

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Offering access to market-defining research and data Most shoppers review listing and pricing information through the Zillow platform, brokerage websites, or multiple listing services (MLSs).

Finance 393

Finance Technology Loans Brokerage 393

Housing Wire

MARCH 31, 2025

The Detroit-based fintech , which is also in the midst of acquiring real estate brokerage and home search portal Redfin for $1.75 To help finance the transaction, Rocket is taking out a nearly $5 billion bridge loan through JPMorgan Chase (which itself is a top-3 mortgage servicer and warehouse lender).

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

JUNE 20, 2024

Michael Saleh, a former senior vice president of Rocket Mortgage who spent about two decades at the company, has transitioned from the retail lending channel to wholesale by launching independent brokerage firm Zoom Home Lending. Each LO is closing 12 loans per month with an eventual goal of 15 to 20.

Lending 459

Lending Brokerage Loan Officer Loans 459

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

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. last year, has joined brokerage firm UMortgage , the company announced on Tuesday. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. and Paramount Bank.

VA loan 448

VA loan Loans Loan Officer Brokerage 448

Housing Wire

APRIL 16, 2025

Equity Smart Home Loans made a splash Wednesday by announcing it is severing ties with United Wholesale Mortgage (UWM) and partnering with Rocket Pro. A lot of our loan officers are struggling. So we’re behind our loan officers, our consumers come first,” Martinez said during the interview.

Equity 211

Equity Loans Loan Officer Mortgages 211

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 4, 2025

In his view, these LOs are getting paid on the terms of the loan, which he and more than one industry lawyer I spoke to believes is a violation of LO Comp rules. So if you’re dealing with a customer who is not savvy, then you can shove a loan down their throat and generate thousands upon thousands.

Pre-approval 279

Pre-approval Loan Officer Loans Brokerage 279

Housing Wire

MARCH 1, 2024

California-based mortgage brokerage Loan Factory was sued by a class of loan originators, who allege that the company used their personal and professional information, without their authorization, on its website in an attempt to drive business. He declined to comment further.

Loans 448

Loans Loan Officer Commercial Brokerage 448

Housing Wire

JULY 15, 2022

Mortgage brokerage Edison Mortgage, which works with more than 50 lenders, reached $1 billion (CAD) in annualized submitted volume in March 2020, according to the firm. The post Canadian mortgage brokerage takes Rocket Mortgage name appeared first on HousingWire. It previously acquired Lendesk, a Canadian fintech company.

Brokerage 434

Brokerage Mortgages Banks Lending 434

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

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

FEBRUARY 8, 2023

Homelendia Mortgage LLC, a Florida-based mortgage brokerage franchisor, launched its mortgage brokerage franchises this week, offering individual unit and regional opportunities to qualified individuals, teams, brokerages and loan originators. That changes now,” Homelendia CEO Frank Chimento said in a press release.

Brokerage 369

Brokerage Mortgages Lending Technology 369

Housing Wire

SEPTEMBER 27, 2022

Publicly traded real estate firm The Real Brokerage has struck an agreement to acquire the mortgage brokerage arm of real estate and mortgage technology company LemonBrew. The Real Brokerage, headquartered in Ontario, Canada, will pay $1.25 million to acquire the tech-enabled home loan platform, which does business in 20 U.S.

Lending 370

Lending Brokerage Loan Officer Technology 370

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

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As And even those offerings generally do not convert into actual savings for clients.”

Loans 482

Loans Loan Officer Mortgages Closing costs 482

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

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

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. So opening up a brokerage was kind of always on my mind.

Loans 416

Loans Mortgages Loan Officer Lending 416

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

MARCH 3, 2025

Name Job Title Company Name Alejandro Franco Vice President of Finance and Controller Cairn Real Estate Holdings Allyson Jackson Executive Vice President Finance and Treasury Planet Home Lending Amit Arora Chief Investment Officer Opendoor Andrey Gunin Chief Financial Officer A&D Mortgage Bill Warden Chief Financial Officer Dark Matter Brandon (..)

Finance 354

Finance Lending Principal MLS 354

Housing Wire

DECEMBER 16, 2024

The family-run brokerage firm recorded some legal w ins and losses , developed new tools for agents and clients , and navigated one of the slowest years for home sales in nearly three decades. of the loan amount) at settlement to use toward their closing costs.

Brokerage 360

Brokerage Agents Technology Industrial 360

Housing Wire

APRIL 16, 2025

The integration, announced on Wednesday, connects Rocket to a network of approximately 28,000 active users, including 21,000 loan officers who source mortgage offers from multiple wholesale lenders including Rockets chief rival, United Wholesale Mortgage (UWM) all within a single system.

Loan Officer 261

Loan Officer Loans Mortgages Branding 261

Housing Wire

NOVEMBER 5, 2024

It has an emphasis on first-time homebuyers ; purchase loans through an expanded geographic footprint and partnerships; servicing portfolio scale and retention; operating leverage quality to drive down turn times; and recruiting, developing and retaining the best talent available. year over year. Department of Veterans Affairs (VA) space.

Purchase and sale agreement 396

Purchase and sale agreement Equity Loan Officer Principal 396

Housing Wire

MARCH 10, 2025

Monday’s breaking news that Rocket Companies is set to acquire online real estate brokerage Redfin shed light on the changing landscape of the homebuying marketplace. ” “We think about it more like opportunity.

Branding 414

Branding Brokerage Commercial Title 414

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

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

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

MARCH 20, 2025

billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. When these clients are then connected with the best agents and the best loan officers, it creates a virtuous cycle. Rocket Companies hopes to close a $1.75 billion deal for Redfin. Essentially, it’s the holy grail of mortgage and real estate tech.

Mortgages 224

Mortgages Loan Officer Brokerage Loans 224

Housing Wire

MARCH 11, 2025

The brokerage announced this week that Peter Ianos is joining as its head of operations for core services. Ianos most recently held the title of chief experience officer at Engel & Volkers Americas, where he worked on recruiting, retention, professional development and brokerage services.

Brokerage 202

Brokerage Title Lending Branding 202

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