Housing Wire

JULY 15, 2022

Rocket Companies ‘ subsidiary Edison Financial will rebrand as Rocket Mortgage next month in Canada, a market with more than $760 billion (CAD) in mortgage originations annually. Windsor, Ontario-based Edison Financial will officially change its name to Rocket Mortgage Canada and operate as Rocket Mortgage on August 8.

Brokerage 434

Brokerage Mortgages Banks Lending 434

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

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. Is now a good time to invest in real estate automation technologies?

Lending 418

Lending Brokerage Mortgages Banks 418

Housing Wire

MARCH 3, 2025

Bank7 is expanding its mortgage reach in Oklahoma. The community bank has completed its acquisition of First American Mortgage, Inc. , a small mortgage lender and brokerage based in the suburbs of Oklahoma City. Yukon-based First American Mortgage, Inc. Yukon-based First American Mortgage, Inc.

Mortgages 251

Mortgages Bankruptcy Title Brokerage 251

Housing Wire

FEBRUARY 4, 2025

Arrival Home Loans on Tuesday announced a partnership with zavvie a fintech company that specializes in bringing liquidity to residential real estate in an effort to enhance the homebuying experience for its customers. Arrival Home Loans, which is powered by Pacific Private Money Inc. produced a total volume of $52.5

Loans 256

Loans Loan Officer Finance Brokerage 256

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.

Brokerage 369

Brokerage Mortgages Lending Technology 369

Housing Wire

SEPTEMBER 9, 2024

added mortgage lending under its umbrella by acquiring mortgage brokerage company Be My Neighbor on Monday. Be My Neighbor will enable reAlpha to provide integrated mortgage services to consumers who utilize the reAlpha platform to purchase homes, reAlpha said. Publicly traded real estate software firm reAlpha Tech Corp.

Brokerage 438

Brokerage Mortgages Technology Branding 438

Housing Wire

JULY 12, 2021

Venture capital-backed mortgage lender Better.com is going international. The company, which is expected to go public later this year, has agreed to acquire United Kingdom-based digital mortgage brokerage Trussle. since early 2020, with plans to usurp the traditional mortgage brokerages that dominate the U.K.’s

Brokerage 446

Brokerage Mortgages Loan Officer Banks 446

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

APRIL 10, 2024

Mortgage brokers ’ compensation is in the spotlight after a recent Federal Deposit Insurance Corporation (FDIC) test concluded that some financial institutions failed to prove that payments were “reasonably related” to the value of services provided. Violations identified vary across different stages of the loan process.

Banks 439

Banks Brokerage Mortgages Loans 439

Housing Wire

MARCH 23, 2023

The collapses of Silvergate Bank , Silicon Valley Bank and Signature Bank , the rescue of First Republic Bank and the acquisition of Credit Suisse by UBS, brought turbulence to the financial markets that led to a decline in mortgage rates – despite the Federal Reserve hiking federal funds rate by 25 basis point on Wednesday.

Loans 459

Loans Mortgages Banks Fixed-rate mortgage 459

Housing Wire

APRIL 4, 2025

An illustration of a mortgage executive losing a top-producing LO who wishes to become a 1099 LO. The mortgage executive who called was initially excited because he feels like hes abiding by the rules of Dodd-Frank in classifying his LOs as W2 employees. Illustration made with ChatGPT A source called with what sounded like big news.

Pre-approval 279

Pre-approval Loan Officer Loans Brokerage 279

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

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

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. Connie Kim: You had a long run at Wyndham Capital Mortgage dating back to 2011.

Loans 416

Loans Mortgages Loan Officer Lending 416

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

MARCH 20, 2025

billion deal to acquire resi brokerage and portal Redfin in Q2 or Q3 2025. It seems that everyone in mortgage and real estate has an opinion about Rocket Mortgage ‘s pending $1.75 After the deal was announced, CEO Varun Krishna told investors that he expects a lift in purchase mortgage growth after the deal closes.

Mortgages 224

Mortgages Loan Officer Brokerage Loans 224

Housing Wire

MARCH 3, 2025

HousingWire is proud to announce the 2025 Finance Leaders, recognizing 40 of the most impactful finance executives in the mortgage and real estate industries.

Finance 354

Finance Lending Principal MLS 354

Housing Wire

AUGUST 5, 2020

Last week, we published a story about United Wholesale Mortgage (UWM) offering 15-year fixed mortgage rates as low as 1.875% for purchases and refinances. For example, about two weeks ago, Quicken Loans advertised a “limited-time” rate of 1.99% on 15-year mortgages. Others just wanted more details.

Mortgages 528

Mortgages Loan Officer Lending Loans 528

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. NEXA did $6.29

Mortgages 468

Mortgages Brokerage Loan Officer Lending 468

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. Origination volume was $6.7

Purchase and sale agreement 396

Purchase and sale agreement Equity Loan Officer Principal 396

Housing Wire

JULY 18, 2022

new jobs hiring, housing jobs, recruiting for mortgage industry. Based on the headlines, one might assume the mortgage business is a complete disaster. Some mortgage companies will merge to stay afloat, and many others will go under. Recruiting battles for LOs remain fierce, mortgage executives and LOs told HousingWire.

Mortgages 476

Mortgages Banks Brokerage Loans 476

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. Kortas claims he asked AIME to create an ethics committee a year ago but was rebuffed.

Brokerage 435

Brokerage Loan Officer Loans Mortgages 435

Housing Wire

APRIL 16, 2025

Rocket Companies made a major move this week by integrating Rocket Pro TPO with ARIVE , a leading software platform used by mortgage brokers. Its another path for them to come to us ARIVE offers a platform that includes a loan origination system, a consumer point-of-sale interface, a pricing engine and a marketplace of wholesale lenders.

Loan Officer 261

Loan Officer Loans Mortgages Branding 261

Housing Wire

APRIL 3, 2024

mortgage lender United Wholesale Mortgage (UWM) is the target of a class-action-seeking lawsuit alleging it orchestrated a scheme with mortgage brokers to apply excess fees and costs to borrowers. The lawsuit follows Monday’s report from Hunterbrook Media indicating that UWM pressures brokers to send loans its way.

Loans 482

Loans Loan Officer Mortgages Closing costs 482

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

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. Brokerage Leaders Increasing per-agent production : 26% highlighted this as a significant challenge.

Mortgages 459

Mortgages Marketing Brokerage Finance 459

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 “We are excited to be joining forces with The Real Brokerage.

Lending 370

Lending Brokerage Loan Officer Technology 370

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.”.

Loans 448

Loans Investor Title Mortgages 448

Housing Wire

APRIL 17, 2024

Expect 2024 to be mildly better than 2023 with mortgage rates falling in the second half of the year, housing experts opined in their forecasts at the end of the year. The pessimism is visible in mortgage rates. Freddie Mac ‘s weekly Primary Mortgage Market Survey is climbing back towards 7%.

Mortgages 493

Mortgages Fixed-rate mortgage Banks Residential 493

Housing Wire

MARCH 7, 2025

Rocket Mortgage is shutting down its Canadian operations as the company refocuses on its core U.S. We want to assure our clients that all loans in process will proceed without issue, and we remain committed to supporting them through this transition, Rocket Mortgage said in a statement.

Mortgages 198

Mortgages Title Lending Brokerage 198

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

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

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. And when you connect that to the scale of the mortgage platform that we’ve built over 40 years, we think that that creates a multiplier effect.”

Branding 414

Branding Brokerage Commercial Title 414

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 436

Lending Mortgages Equity Loan Officer 436

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. range, which is a normal mortgage market.” 4-7, in Las Vegas.

Mortgages 493

Mortgages VA loan Finance Renovation 493