Housing Wire

OCTOBER 28, 2024

The Loan Store — a wholesale lender based in Arizona — will now use the Gateless Smart Underwrite platform, according to a recent announcement. The artificial intelligence-based platform, the latest addition to the Gateless AI mortgage tool suite, aims to enhance The Loan Store’s underwriting capabilities.

Loans 397

Loans Mortgages Technology Development 397

Housing Wire

OCTOBER 27, 2024

The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. Yet, despite significant investments in new technologies, the cost to originate loans has dramatically increased. Continuous improvement and updates keep systems relevant and effective.

Technology 448

Technology Industrial Mortgages Development 448

Housing Wire

MARCH 25, 2025

What’s the deal with all the discussion across the lending community about the fluctuation of the loan officer population recently? There have been social media posts and editorials debating the current total number of loan officers, whether the population has decreased, and if so, by how much.

Loan Officer 243

Loan Officer Loans Mortgages Industrial 243

Housing Wire

MARCH 12, 2025

Evergreen Home Loans has expanded into New Mexico , opening branches in Albuquerque and Carlsbad. provides origination, funding and servicing for home loans. Abt, who has extensive experience in the mortgage industry, will oversee operations in the Albuquerque and Carlsbad markets.

Loans 351

Loans Construction Finance Mortgages 351

Housing Wire

DECEMBER 20, 2024

The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Four months later, the branch was still struggling, and worse, my top loan officer now the branch manager quit.

Industrial 395

Industrial Loan Officer Mortgages Loans 395

Housing Wire

MARCH 10, 2025

A reverse mortgage-related bill that was introduced in the Maryland state Senate that would have put the onus on lenders to cover some extra expenses tied to the Home Equity Conversion Mortgage ( HECM ) origination process has been withdrawn by the sponsoring senator after conversations with reverse mortgage industry representatives.

Industrial 329

Industrial Mortgages Equity Loans 329

Housing Wire

FEBRUARY 6, 2025

In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most lenders focus on offering traditional mortgage loans to clients, choosing to shy away from unconventional options in the market. Finance a loan, and you may lose money.

Loans 343

Loans Mortgages Equity Construction 343

Housing Wire

JANUARY 30, 2025

Sage Home Loans Corp. “We are thrilled to welcome Bijoy John as the new Senior VP of Marketing at Sage Home Loans Corporation,” Sage Home Loans’ CEO Mike Malloy said in an email. Sage Homes Loans is based in Fort Mill, South Carolina. John will reportedly focus on leading borrower retention efforts.

Loans 382

Loans Marketing Lending Banks 382

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 334

Loans Loan Officer Finance Brokerage 334

Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. “His proven success in building strong teams and partnerships, along with his deep industry expertise, makes him the perfect fit for this role. .

Loans 341

Loans Loan Officer Construction Banks 341

Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Ive spent years in the industry , and as my son prepares to take his NMLS exam, these are the key expectations I will share with him to navigate his first year in the business. How you dress reflects how seriously you take your role.

Loan Officer 322

Loan Officer Loans Industrial Development 322

Housing Wire

FEBRUARY 6, 2025

Multistate mortgage lender Click n’ Close on Thursday announced that it’s adding a 30-year, fixed-rate conventional loan option to its SmartBuy Shared Appreciation Mortgage (SAM) program. SAM loans grant the lender a share of the home’s future appreciation in exchange for a lower interest rate.

Loans 300

Loans Closing Mortgages Technology 300

Housing Wire

MARCH 19, 2025

Richards has a long history in leadership and executive roles in the mortgage industry. Other positions shes held include director and vice president roles at Caliber Home Loans , as well as a three-year stint as loanDepots COO. But her relationship with loanDepot ended in acrimony after she left in 2021. The case is still ongoing.

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Lending Industrial Bankruptcy Mortgages 221

Housing Wire

OCTOBER 15, 2024

Schwartz points out that starting Tomo required an adaptive approach to leadership by people who maintain a “wartime“ leadership style that adjusts to industry changes. But he notes that building a successful mortgage company requires hard work and diligence, regardless of industry changes.

Loans 259

Loans Marketing Technology Mortgages 259

Housing Wire

FEBRUARY 6, 2025

The housing benefits pushed more than 28 million home loans for Veterans over the last 80 years. The number of financial institutions servicing home loans has declined. However, I’ve observed that many of todays service members are unaware of the VA benefits theyve earned.

Industrial 326

Industrial Lending Closing costs Loans 326

Housing Wire

OCTOBER 23, 2024

Even as artificial intelligence (AI) becomes more prominent in the mortgage industry, most millennial and Generation Z homebuyers are hesitant to rely solely on a fully automated application process to get a loan, according to a new study. About 58% of respondents still relied on loan officers to guide them through the process.

Mortgages 459

Mortgages Loan Officer Loans Technology 459

Housing Wire

OCTOBER 31, 2024

Reverse mortgage industry leader Finance of America (FOA) announced updates on Thursday to the interest rate for HomeSafe Second, its proprietary second-lien reverse mortgage product. The interest rate on the loan has been lowered from 9.99% to 9.49%. The interest rate on the loan has been lowered from 9.99% to 9.49%.

Mortgages 434

Mortgages Equity Loan Officer Loans 434

Housing Wire

OCTOBER 18, 2024

To open the conversation, Sanchez asks Jacobson to explain how Fairway harnesses the power of positive recommendations to boost production for the company’s loan officers. He explains that speed and customer service rule every aspect of business, including the mortgage industry. As consumers, we expect instant everything.

As-is 448

As-is Loan Officer Loans Mortgages 448

Housing Wire

JANUARY 23, 2025

billion in total or as much as $1,692 per loan. According to the release, Nigrinis and Zywicki analyzed how much widespread use of automated title risk assessments would lower consumer costs, promote greater transparency and increase industry competition. The pilot program is slated to run through May of 2026.

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Title Land Loans Closing costs 468

Housing Wire

FEBRUARY 6, 2025

New data released Thursday by the Mortgage Bankers Association (MBA) revealed that the delinquency rate for mortgages on one- to four-unit residential properties increased to a seasonally adjusted rate of 3.98% of all loans outstanding at the end of 2024. Department of Veterans Affairs loans. And likewise, it’s gone up for VA.

VA loan 417

VA loan FHA loan Debt-to-income ratio Loans 417

Housing Wire

SEPTEMBER 23, 2024

By contrast, sellers of loans through fellow government-sponsored enterprise (GSE) Fannie Mae repurchased $268.5 million in noncompliant loans during the same period, a 27.7% Seller repurchases of Freddie Mac mortgages rose by $430 million in the second quarter of 2024, a 29.1% decline from Q1 2024. Overall, buybacks dropped by 0.8%.

Loans 514

Loans Mortgages Finance Industrial 514

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

MARCH 31, 2025

Rocket Companies is buying Mr. Cooper , America’s largest mortgage servicer, in a market-shattering deal that could reshape the mortgage industry for years to come. Rocket also has arguably the strongest recapture game in the industry, and a deal like this would give it a distinct advantage over all other competitors.

Finance 468

Finance Title Mortgages Equity 468

Housing Wire

JANUARY 3, 2025

Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.

Mortgages 418

Mortgages Lending Loan Officer Loans 418

Housing Wire

MARCH 27, 2025

The company calls the move an “industry-first initiative.” “By covering these expenses, we’re creating a rising tide that lifts all boats consumers get more affordable mortgages, lenders reduce expenses and close loans faster, and our industry takes another step toward truly digital mortgages.

Mortgages 326

Mortgages Loan Officer Technology Loans 326

Housing Wire

JUNE 5, 2024

Department of Housing and Urban Development (HUD) this week announced the launch of a new program designed to allow for the purchase, refinance or renovation of manufactured housing under a loan program sponsored by the Federal Housing Administration (FHA).

Loans 529

Loans Finance Renovation Equity 529

Housing Wire

MARCH 24, 2025

With economists, analysts and industry leaders in the room, discussions revolved around key economic indicators, inventory shifts, technology advancements and what lenders should be doing right now to prepare for the next cycle. However, economists and industry leaders at the summit reinforced that every market is different.

Technology 368

Technology Loan Officer Loans Banks 368

Housing Wire

NOVEMBER 20, 2024

The new partnership begins in January and aims to expand economic opportunities in low—and moderate-income, diverse and underserved communities through loan subsidies, grants and donations. and we are honored to support these efforts through our loans, investments and grants.” million to certain California markets.

Loan Officer 418

Loan Officer Lending Banks Loans 418

Housing Wire

DECEMBER 18, 2024

Market data at HousingWire ‘s Mortgage Rates Center showed an average fixed rate of 6.87% for 30-year conforming loans on Wednesday, a slight increase from the week ending on Dec. ” Refinance application activity across all loan types decreased 3% week over week, although it was still 41% higher compared to the same week in 2023.

VA loan 395

VA loan Mortgages FHA loan Loans 395

Housing Wire

NOVEMBER 13, 2024

In a new episode of “The Loan Officer Podcast,” host Dustin Owen chats with John Cornish of Iowa-based Key Mortgage Group about his path into the industry, tips for scaling a mortgage lending business and how to avoid stagnation as a loan originator. This interview has been edited for length and clarity.

Mortgages 370

Mortgages Sales Loan Officer Lending 370

Housing Wire

OCTOBER 10, 2024

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. housing industry,“ Devi Mateti , CoreLogic’s president of enterprise digital solutions, said in a statement.

Loan Officer 459

Loan Officer Technology Industrial Development 459

Housing Wire

OCTOBER 25, 2024

In this HousingWire Executive Conversation, Tom Davis, Chief Sales Officer at Deephaven , discusses the opportunities in the non-QM investor loan space as we head into the new year. He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients.

Investor 448

Investor New Construction Construction Loans 448

Housing Wire

JANUARY 27, 2025

The Consumer Financial Protection Bureau (CFPB) this month published an issue spotlight that takes a closer look at home equity contracts, or what the industry refers to as home equity investments (HEIs) that offer a lump sum payment to clients in exchange for a stake in their home equity.

Equity 370

Equity Mortgages Loans Residential 370

Housing Wire

JULY 25, 2024

In response, the mortgage industry and federal regulators are aiming to determine the best courses of action to mitigate the financial burdens on both homeowners and insurance carriers. “American homes are increasingly underinsured, highlighting the need for the insurance industry and regulators to collaborate on solutions.”

Industrial 476

Industrial Mortgages Loans As-is 476

Housing Wire

SEPTEMBER 25, 2024

However, the industry is approaching this cycle with caution. 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. The number of loans closed per production employee rose to 2.2 in Q2 2023.

Industrial 459

Industrial Mortgages Loan Officer Loans 459

Housing Wire

NOVEMBER 21, 2024

Tim Nelson, a longtime reverse mortgage industry professional and reverse department manager at VIP Mortgage in Scottsdale, Arizona , spent 20 years in the home lending arena before shifting his focus entirely to reverse. Nelson is now a reverse mortgage borrower in addition to being an industry professional.

Mortgages 370

Mortgages Loan Officer Equity Lending 370

Housing Wire

MARCH 21, 2025

Findings include 71% of loan officers reporting an increase in buyers who are willing to purchase fixer-uppers, explore unconventional financing or accept high mortgage rates despite long-term financial concerns. Jones, a Colorado-based LO for Lower -backed Universal Lending Home Loans.

Debt-to-income ratio 317

Debt-to-income ratio Loan Officer Marketing Loans 317