Housing Wire

MARCH 14, 2025

Traditional loan officers who focus solely on transactions are being replaced by mortgage professionals who act as financial strategists, long-term advisors, and educators. Heres how the mortgage industry is changing and what loan officers must do to thrive. Our mortgage industry is experiencing a fundamental shift.

Mortgages 362

Mortgages Loan Officer Marketing Loans 362

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 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

MARCH 19, 2025

All three of the company’s product channels purchase, refinance and home equity saw annualized growth. Purchase business was up 25%, refinances soared 611% and home equity products (which include HELOCs and closed-end second-lien loans) saw 416% year-over-year growth. It finished 2024 with $3.6

Loan Officer 285

Loan Officer Mortgages Loans Equity 285

Housing Wire

MARCH 6, 2023

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. Those who are tired of paying rent are purchasing homes and starting to build equity, according to Wax. ” Monson said.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

NOVEMBER 1, 2023

Michael Gifford and David Zvaifler‘s home equity investment company, Splitero , lost its main investor, Redwood Trust , HousingWire has learned. In September, Redwood launched its in-house home equity investment (HEI) origination platform called Aspire. During a phone interview with HousingWire on Oct.

Equity 448

Equity Investor Loan Officer Finance 448

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 475

Lending Equity Banks Loans 475

Housing Wire

JANUARY 30, 2025

We’re looking at product expansions and introducing products that we have or through our sister company Anchor Home Loans , which specializes in residential transition loans (RTLs). If you’re a loan officer, you should have a construction product that focuses on builders, developers and Realtors.

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New Construction Construction Marketing Investor 326

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. homeowners saw home equity increase 1.7%

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Equity Purchase and sale agreement Marketing Lending 448

Housing Wire

NOVEMBER 5, 2024

Costs may increase as the company continues to add loan officers and operations team members. In August, loanDepot added a first-lien home equity line of credit (HELOC) to its product suite, enabling homeowners without a mortgage to borrow from their home equity. Meanwhile, the company’s total revenues reached $314.6

Purchase and sale agreement 397

Purchase and sale agreement Equity Loan Officer Principal 397

Housing Wire

JANUARY 3, 2025

But it becomes a stronger presentation when you’re presenting different loan options. One of the loan options that Cory said makes the reverse mortgage easier to describe to potential partners is the Home Equity Conversion Mortgage ( HECM ) for Purchase (H4P).

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

AUGUST 26, 2024

HousingWire reported that in June 2022, the company raised $115 million — $60 million in equity and $55 million in debt — while acquiring Denver-based lending startup Accept.inc. A total of 40 lenders use the product, including The Loan Store and Luminate Home Loans , which is available in 46 states and and Washington, D.C,

Equity 481

Equity Loan Officer Lending Investor 481

Housing Wire

MARCH 19, 2025

SW: How do you attract high quality loan officers and other mortgage professionals? We think that the loan officer is as critical as they have ever been. If the average loan consultant in local is funding one and a half or two and a half loans, between our marketing engine and our technology, how do we have them do six?

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Loan Officer Loans Technology Mortgages 286

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.

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Lending Banks Mortgages Loan Officer 497

Housing Wire

MARCH 19, 2025

The earnings release touted growth compared to 2023 and detailed the company’s plans of “diversifying Betters offering, and leveraging Tinman to power local loan officers” through a new program. In 2024, Better produced a funded loan volume of approximately $3.6 billion) was tied to purchase loans.

Loan Officer 214

Loan Officer Loans Equity Finance 214

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 418

Equity Banks Investor Residential 418

Housing Wire

OCTOBER 23, 2024

Mortgage data and workflow solutions provider FirstClose is launching a new feature for its automated home equity point-of-sale system. The Austin -based company has added the Digital Loan Product Wizard to the system, according to a recent announcement. Early trials of the feature yielded a 10% increase in applicant conversion rates.

Equity 435

Equity Loan Officer Lending Loans 435

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.

Loan Officer 435

Loan Officer Lending Loans Equity 435

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 448

Lending Mortgages Equity Loan Officer 448

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 497

Residential Lending Banks Mortgages 497

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 448

Lending Loans Loan Officer Equity 448

Housing Wire

NOVEMBER 21, 2023

21, the company had 1,826 loan officers and 401 active branches, per the Nationwide Multistate Licensing System (NMLS). 21, NMLS showed the lender had eight loan officers and 13 branches. Its portfolio includes construction to perm, renovation financing, builder programs and home equity line of credits , among others.

Loan Officer 448

Loan Officer Lending Loans Finance 448

Housing Wire

APRIL 8, 2022

Dubbed Reverse TCA, the integrated presentation will enable all loan officers to educate consumers with borrowing terms for reverse mortgages and features such as flexible disbursement options in comparison to traditional mortgages, Mortgage Coach, a fintech focused on attracting and retaining mortgage borrowers, said in a news release.

Mortgages 397

Mortgages Loan Officer Equity Loans 397

Housing Wire

MAY 14, 2024

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%). Better posted a net loss of $51.5

Loans 448

Loans Loan Officer Equity Mortgages 448

Housing Wire

AUGUST 16, 2024

Kea Blevins, senior mortgage loan officer at Atlantic Bay Mortgage Group , sees that interest in refinancing has gone up among her clients, but many are taking a “wait and see” approach as rates remain volatile. This small group of homeowners include those looking to take out cash from their accumulated equity.

Loan Officer 468

Loan Officer Equity Loans Mortgages 468

Housing Wire

NOVEMBER 2, 2023

According to its website, Trustar Bank offers 7/1 and 10/1 adjustable rate mortgages ( ARMs ), consumer construction loans and home equity line of credits. It has 18 mortgage loan officers , per the National Multistate Licensing System (NMLS).

Banks 448

Banks Mortgages Loan Officer Loans 448

Housing Wire

JANUARY 6, 2021

For many middle-aged and older homeowners with several years of equity on their homes, 2021 could be a prime time to refinance from a 30-year fixed-rate mortgage into a 15-year mortgage. The three primary reasons homeowners refinance to shorter-term loans are to save money on interest, to pay off the loan faster, and to build equity.

Fixed-rate mortgage 528

Fixed-rate mortgage Mortgages Loan Officer Loans 528

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 lender will work to keep bringing academic experts together to continue compiling and sharing data about the use — and potential use cases — of home equity in retirement.

Equity 459

Equity Loan Officer Mortgages Industrial 459

Housing Wire

MAY 6, 2024

Aubourg has a track record of leading successful mortgage lending teams and divisions across the Northeast region, including at Mortgage Equity Partners and Movement Mortgage. We are partnering at the perfect time as AnnieMac is at the precipice of taking market share and providing better solutions to Loan Officers.”

Mortgages 444

Mortgages Loan Officer Lending Equity 444

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 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

SEPTEMBER 1, 2023

New York-based investment firm Cerberus Capital Management has entered into a definitive agreement to acquire home equity lender Spring EQ , the companies announced on Friday. The transaction will allow Cerberus executives to realize new opportunities as demand for home equity solutions in the U.S. accelerates.

Equity 418

Equity Loan Officer Residential Commercial 418

Housing Wire

OCTOBER 11, 2023

The integration of CoreLogic’s AutomatIQ Borrower Income Analysis, SmartFees and property data into the DMP interface will allow loan officers can obtain crucial information about borrowers and properties at the outset of the process, CoreLogic noted. “By It then tailors that data to the home-buying process.

Mortgages 448

Mortgages Loan Officer Banks Lending 448

Housing Wire

JULY 30, 2021

As reverse mortgage loan officers aim to expand their repertoire of advertising methodologies, the use of an advertorial can be powerful but also comes with some caveats that any reverse mortgage loan officer should keep in mind prior to engaging in such advertising campaigns. A couple of things. And I’m so delighted.

Industrial 435

Industrial Mortgages Loan Officer Banks 435

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

MARCH 19, 2024

New York-based Rithm Capital has changed the compensation package of its top executive, Michael Nierenberg, by reducing his annual base salary, bonus and time-based equity award. But the company also increased the performance-based share of the total equity award.

Equity 444

Equity Loan Officer Principal Loans 444

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 418

Loan Officer Equity Finance Loans 418

Housing Wire

MAY 24, 2024

Just about a year ago, Chicago-based multichannel mortgage lender Guaranteed Rate announced its plans to expand its reverse mortgage division — including around the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) product. For some forward loan officers, this is a brand-new opportunity,” Pohlmann said.

Loan Officer 445

Loan Officer Mortgages Loans Sales 445

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

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Loan Officer Mortgages Loans Closing costs 418