Housing Wire

NOVEMBER 10, 2023

While the current climate may be causing existing-home sales and inventory to fall, it’s driving renewed interest in home equity options. And that offers an incredible opportunity for banks and non-banks alike to improve their digital channels to better support home equity lending.

Lending 432

Lending Equity Banks Loans 432

Housing Wire

OCTOBER 31, 2024

California-based personal finance company NerdWallet has struck a deal to acquire brokerage firm Next Door Lending. 1, NerdWallet is paying $1 million in cash for the outstanding equity interests of Next Door. Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door.

Lending 443

Lending Mortgages Loan Officer Principal 443

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 406

Lending Mortgages Equity Loan Officer 406

Housing Wire

JUNE 20, 2024

The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. NFM loan officers will be automatically notified when a homeowner can tap into the equity of their current home to buy a new one before selling. ” NFM Lending is licensed in 49 states and Washington, D.C.

Lending 440

Lending Loans Loan Officer Equity 440

Housing Wire

NOVEMBER 13, 2024

Better Home & Finance Holding Co., The company also reported a funded loan volume of $1.035 billion for Q3 2024, up 42% year over year and up 8% quarter over quarter, with 71% of this volume attributed to purchase loans. the parent of digital lender Better , reported a net loss of $54.1 By comparison, the company lost $41.4

Mortgages 330

Mortgages Loan Officer Loans Technology 330

Housing Wire

NOVEMBER 21, 2023

The group will be branded as Shamrock, Powered by CMG Home Loans. According to Inside Mortgage Finance (IMF) estimates, CMG was the 16th-largest mortgage lender in the country in the first nine months of 2023, with a $16 billion volume, an increase of 17.5% 21, NMLS showed the lender had eight loan officers and 13 branches.

Loan Officer 412

Loan Officer Lending Loans Finance 412

Housing Wire

OCTOBER 2, 2023

Equity Prime Mortgage (EPM), which shifted to the TPO business after exiting its retail channel in the fall, has embarked on a new chapter. BLVR – a marketing and promotional campaign launched by EPM on Monday – aims to reach as many retail loan officers to provide information about the wholesale channel. About 16.8%

Loan Officer 435

Loan Officer Lending Loans Equity 435

Housing Wire

NOVEMBER 7, 2024

Finance of America (FOA), the reverse mortgage industry’s leading lender, announced its third-quarter 2024 earnings results on Wednesday evening. The company’s retail channel saw a 38% improvement from Q2 to Q3 as measured by production per loan officer. It delivered adjusted net income of $15 million, or $0.67

Equity 317

Equity Finance Loan Officer Branding 317

Housing Wire

MAY 14, 2024

Better Home & Finance Holding Co. , million, driven mainly by home equity line of credit (HELOC) and cash-out refinance products, executives said. Funded loan volumes came in at $661 million, up 25% quarter over quarter. Purchase loans comprised 80% of the funded volume, followed by refinances (12%) and HELOCs (8%).

Loans 420

Loans Loan Officer Equity Mortgages 420

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. These homeowners are seeking different retirement solutions to help allocate their home equity and make it more durable over the next 20 to 30 years.

Loan Officer 415

Loan Officer Equity Finance Loans 415

HomeLight

SEPTEMBER 16, 2024

As a result, you might be sitting on a significant amount of home equity, and you’re not alone — U.S. homeowners collectively hold around $32 trillion in equity. If you’re planning to make home improvements, consolidate debt, or cover other expenses, you may be wondering, “How do I get a home equity loan?”

Equity 110

Equity Loans Loan Officer Lending 110

Housing Wire

OCTOBER 28, 2024

While retaining existing customers should remain a key priority, as interest rates fluctuate, lenders should be prepared to support an increase in new business for refinances, purchases and home equity lending. Sales automation solutions like ICE Velocify help them connect with borrowers faster and stay one step ahead of the competition.

Loan Officer 403

Loan Officer Pre-approval Technology Loans 403

Housing Wire

SEPTEMBER 25, 2024

loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. We need more recruiters here to help fill all these openings we have,” Erica Danna, vice president of talent management at loanDepot , said.

Industrial 439

Industrial Mortgages Loan Officer Loans 439

Housing Wire

SEPTEMBER 14, 2023

” Another opportunity is in the home equity space. Redwood launched in September its in-house home equity investment (HEI) origination platform called Aspire. Nunes: Redwood also launched a home equity platform. For everybody else, unlocking that equity is even more expensive. What is the strategy here?

Equity 377

Equity Banks Investor Residential 377

Housing Wire

MARCH 28, 2024

Better Home & Finance Holding Co. , The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers.

Loan Officer 440

Loan Officer VA loan Loans Technology 440

Housing Wire

FEBRUARY 6, 2024

With the central bank expected to cut interest rates this year, banks reported that loan demand should strengthen across residential loan categories in 2024, according to the Fed’s quarterly senior loan officer opinion survey (SLOOS) released on Monday. The survey showed that a net 25.5%

Residential 496

Residential Lending Banks Mortgages 496

Housing Wire

APRIL 18, 2024

Shelley Giordano In 2019, the group exited the American College and reformed as the Academy for Home Equity in Financial Planning at the UIUC. The group will continue under the auspices of Mutual of Omaha, which currently stands as the second-largest lender in the reverse mortgage industry behind Finance of America Reverse (FAR).

Equity 418

Equity Loan Officer Mortgages Industrial 418

Housing Wire

FEBRUARY 15, 2024

More recently, we’ve been hiring loan officers, processors and underwriters as the company has been starting to grow,” Garg said. Better Home & Finance Holding Co. , The VA team reflects a different strategy for the company when hiring employees, Garg added. The company posted a loss of $340 million in the third quarter.

VA loan 398

VA loan Loans Loan Officer FHA loan 398

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. The survey, fielded quarterly by the central bank, asks loan officers about topics such as changes in lending terms as well as household demand for loans.

Lending 463

Lending Banks Mortgages Loan Officer 463

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. Homeowners can convert their equity to cash by selling their homes to EasyKnock and staying on as renters.

Sales 372

Sales Equity Loan Officer Finance 372

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. Consequently, 37% of homeowners say they want to move but are staying in their current home.

Backup offer 425

Backup offer Loan Officer Home sale contingency Branding 425

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. With this acquisition, OJO Labs hopes to help homebuyers and homeowners navigate financial responsibilities like saving for a down payment, securing the right lender, building equity and saving for renovations.

Finance 191

Finance Loan Officer Renovation Equity 191

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% ” Tapping that equity.

Mortgages 417

Mortgages Equity Loans Seller concession 417

HomeLight

AUGUST 31, 2022

If you need assistance navigating the financial or tax implications of unlocking your home’s equity, HomeLight always encourages you to reach out to your own advisor. homeowners with mortgages (roughly 62% of all properties) saw their equity increase by a total of more than $3.8 What is home equity? According to CoreLogic , U.S.

Equity 105

Equity Finance Loans Closing costs 105

Housing Wire

SEPTEMBER 23, 2024

San Diego-based Smartfi Home Loans , which is primarily active as a wholesale lender in the reverse mortgage space and is actively building a retail division that offers reverse mortgage products, has hired industry veteran Martin Lenoir as its new chief marketing officer.

Marketing 420

Marketing Loan Officer Mortgages Industrial 420

Housing Wire

DECEMBER 27, 2022

They are not selling and have a lot of equity in their homes. Homeowners in 2022 also tapped into their home equity, which peaked at $11.5 trillion in the second quarter of 2022, capitalizing on home equity loans and home equity line of credit (HELOC). Or will soon.

Marketing 522

Marketing Equity Loans Bankruptcy 522

Housing Wire

JUNE 4, 2024

Home Equity Conversion Mortgage (HECM) endorsements increased by 16.9% Equity takeout cases — loans that are neither purchases nor refinances — also dipped slightly by 0.9%, while purchases declined by 0.5%. One loan type that did increase, however, were HECM-to-HECM (H2H) refinances, which jumped by 3.3%

Mortgages 409

Mortgages Equity Loan Officer Loans 409

Housing Wire

MARCH 29, 2024

A passion for technology led her to work in the fintech and blockchain spaces, and she has now turned her attention to the senior finance space by founding a company called Graceful Finance. I came to their offices to speak to their loan officers, processors and customers because they told me, ‘We would love to do more.

Mortgages 452

Mortgages Finance Loan Officer Equity 452

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

OCTOBER 23, 2024

Cash-out refis have gained popularity due to record-high home equity levels in recent years. As for the product’s mortgage rates, Elezaj said they are more competitive than HELOCs (home equity lines of credit), traditionally a market dominated by credit unions and depository banks. How much will borrowers pay?

Equity 443

Equity Loans Mortgages Loan Officer 443

Housing Wire

SEPTEMBER 7, 2023

If the traditional practice of sellers paying for both sides of the agents ends, housing agencies will have to weigh in to determine ways for buyers to finance their agents’ comp, LOs noted. One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Agents 415

Agents Loan Officer Lending Loans 415

Housing Wire

AUGUST 11, 2022

In a move the Federal Housing Finance Agency said will bolster sustainability and equity, servicers for federally backed loans will obtain and maintain fair lending data. The data will stay with the loan throughout the mortgage term, regardless of whether the servicing rights change hands. Presented by: Selene Finance.

Lending 388

Lending Loan Officer Finance Loans 388

Housing Wire

MARCH 28, 2024

According to the Nationwide Multistate Licensing System, NEXA had 2,385 sponsored mortgage loan officers as of Thursday. NEXA was founded in 2017 after Kortas and Grella left Equity Prime Mortgage. Roughly 1,845 were considered “active” by Modex.

Mortgages 462

Mortgages Loan Officer Brokerage Lending 462

Housing Wire

NOVEMBER 1, 2024

The Mortgage Industry Standards Maintenance Organization (MISMO), a subsidiary of the Mortgage Bankers Association (MBA), has been developing a series of uniform technology standards that will ideally allow for the somewhat siloed reverse mortgage industry to more easily collaborate with others in the mortgage finance ecosystem.

Mortgages 336

Mortgages Technology Loan Officer Loans 336

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Housing Wire

JULY 2, 2024

Home Equity Conversion Mortgage (HECM) endorsements fell by 14.4% Finance of America (FOA) added 4.1% to its endorsement tally to finish at 534 loans, after lagging behind Mutual of Omaha Mortgage in recent months. to 56 loans, while South River Mortgage and HighTechLending also managed positive growth in June.

Mortgages 390

Mortgages Equity Loans Loan Officer 390