Housing Wire

JULY 30, 2024

The Chicago -based mortgage lender announced Tuesday that it’s bringing on Daniel Manginelli to lead its sales coaching program, which is designed to help mortgage professionals implement best practices and improve performance. He’s worked in sales and managerial roles, and has authored two books, during his more than 35-year career.

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Sales Mortgages Loans Finance 448

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. The days of door opening are over.

Industrial 448

Industrial MLS Brokerage Agents 448

Housing Wire

FEBRUARY 22, 2024

When the Department of Justice (DOJ) revealed last week the changes it would like to see in how real estate agents and brokers are compensated through its statement of interest filed in the MLS Property Information Network commission lawsuit , few in the real estate industry were surprised by the agency’s desire to decouple commissions.

Industrial 442

Industrial MLS FHA loan Agents 442

Housing Wire

MAY 7, 2024

The uptick in agent count contributed to a 74% yearly jump in transaction count to 19,032 sides, good for a total sales volume of $7.5 Many in the industry believe these changes will cause industrywide agent attrition, which could clearly put a damper on Real’s impressive agent count growth.

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Industrial Agents Brokerage Title 451

Housing Wire

OCTOBER 23, 2024

American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We

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Industrial Title Mortgages Lending 388

Housing Wire

JULY 5, 2024

Like many in title , Iain Bryant, the newly appointed president of Stewart Title’s agency division, found his way into the industry through family. Services , a title production business, in 1990, and after growing up surrounded by the title industry, Bryant said he was determined to never be part of the industry. “My

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Title Industrial Agents As-is 380

Housing Wire

DECEMBER 30, 2024

A report released Monday by the National Association of Realtors (NAR) showed an increase in pending home sales for the fourth consecutive month. NAR’s Pending Homes Sales Index (PHSI) report is a forward-looking source that predicts home sales based on contract signings. The report found that pending home sales jumped 2.2%

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Sales Mortgages MLS Marketing 329

Housing Wire

APRIL 22, 2024

We’re watching sales volumes , which are definitely up over past year but remain slow. The backward-looking price data, which look at actual sales prices, are up about 6% year over year. The leading indicators for future sales prices aren’t nearly that strong. We’ve been talking about sales growth over the past year.

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Sales Mortgages Closing Marketing 463

Housing Wire

OCTOBER 31, 2024

“They’ve got us by the balls,” said one mortgage pro in an interview between sales meetings at Mortgage Bankers Association (MBA) Annual 2024 in Denver. A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. “What choice do we have but to pay more?

Industrial 388

Industrial Mortgages Closing costs Lending 388

Housing Wire

SEPTEMBER 25, 2024

These companies are adding sales and operational staff, preparing for the expected drop in rates and subsequent increases in volumes. However, the industry is approaching this cycle with caution. We’re overstaffed by design, and we never let sales get ahead of operations.” What if the refi wave doesn’t materialize? in Q2 2023.

Industrial 386

Industrial Mortgages Loan Officer Loans 386

Housing Wire

NOVEMBER 20, 2024

Momentum Builder has acquired Sales Mastery , the companies announced Wednesday. The merger of two industry leaders in sales training and coaching will result in a “unified super brand” that will be known as Sales Mastery Powered by Momentum Builder, the companies said in a press release. 14-17 in Dallas.

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Branding Sales Staging Industrial 370

Housing Wire

APRIL 15, 2024

Last week’s above-consensus inflation figures brought the mortgage market back to a sour reality: The average 30-year fixed mortgage rate, an index closely watched by industry experts, may be close to or even above the 7% level for longer than previously expected. But higher rates can impact gain-on-sale margins and production forecasts.

As-is 442

As-is Industrial Mortgages Loans 442

Housing Wire

SEPTEMBER 13, 2024

Buffalo, New York-based mortgage technology firm LenderLogix , a top provider of point-of-sale (POS) and automation software for independent mortgage banks , commercial banks and third-party brokers, announced Thursday that Ben Head will join the company as an account executive.

Sales 365

Sales Mortgages Loan Officer Technology 365

Housing Wire

SEPTEMBER 27, 2024

Those in attendance told HousingWire ’s Reverse Mortgage Daily (RMD) that the event provided ample opportunity for networking and educational content while boosting hopes that the industry can grow in the coming years. But others, including longtime industry veterans, also said they detected an energy at the event.

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Industrial Mortgages Loans Title 368

Housing Wire

NOVEMBER 8, 2024

The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry. In our industry, we have so many different verticals. As an industry, we must come together and grow as leaders.

Industrial 325

Industrial Mortgages Equity Development 325

Housing Wire

OCTOBER 9, 2024

In a recent episode of “The Loan Officer Podcast,“ hosts Dustin Owen and John Coleman sit down to expose common mortgage industry myths that can impact everyone from the media to recruiters and branch managers. The second myth addressed involves what they call the unnecessary adoption of 30-year mortgages in the housing industry.

Industrial 338

Industrial Mortgages Loan Officer Loans 338

Housing Wire

SEPTEMBER 19, 2024

After a modest monthly uptick in July, existing-home sales fell 2.5% Sluggish sales left total housing inventory at 1.35 more than a year ago, bringing months of supply at the current sales pace to 4.2. While the report is another disappointing one for the real estate industry, there’s good news. That was a 4.2%

Sales 377

Sales Closing costs MLS Inspection 377

Housing Wire

SEPTEMBER 5, 2024

Data released Thursday by Realtor.com and Redfin shows that even as more homes are being listed for sale and mortgage payments are becoming more affordable, fewer transactions are occurring. It was the 10th straight month of annualized growth and for-sale inventory is now at its highest level since May 2020. year over year to $429,990.

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Sales Mortgages Agents As-is 416

Housing Wire

OCTOBER 2, 2024

REcolorado has taken a big step toward moving on from its controversial sale earlier this year. “Dana brings the ideal combination of local market expertise and strong industry relationships — exactly what we need as we shape a new path for the future of our industry,” Joseph Burks, REcolorado’s new owner, said in a statement.

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Purchase and sale agreement Sales MLS Industrial 361

Housing Wire

AUGUST 1, 2024

Talk to a real estate agent about expectations for the fall and they’ll likely mention that the housing market will be slow due in part to the election, a belief in the industry that’s become rote. But do these potential buyers have any bearing on overall home sales?

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Sales Loans Industrial Marketing 362

Housing Wire

JUNE 5, 2024

Sieffert added that Paul Fiore, who most recently served as FOA’s chief retail sales officer and who came aboard with the AAG acquisition , has “made the decision to pursue other career opportunities and we wish him well in his future endeavors.” The news was first reported by National Mortgage News. Saying goodbye is never easy.

Finance 388

Finance Sales Equity Mortgages 388

Housing Wire

JUNE 3, 2024

Roof AI , an artificial intelligence -powered sales assistant that helps real estate and mortgage companies generate revenue across their business units, announced the integration of OpenAI ’s technology into its system, significantly boosting its capabilities. Roof AI will slowly roll out Roof Pro over the following weeks.

Technology 394

Technology Sales Pre-approval MLS 394

Housing Wire

OCTOBER 28, 2024

I have attended several industry events recently and so many of the discussions continue to focus on the short game—top of funnel. These are exciting times for our industry and technology innovations continue to improve to support the needs of modern agents. Stuart Sim is the VP of Industry Development at Lofty.

Industrial 346

Industrial Technology Brokerage Agents 346

Housing Wire

OCTOBER 7, 2024

Photo courtesy of Willie & Kim Photography) Mortgage industry leaders expect more mergers and acquisitions (M&A) in 2025, fueled by declining interest rates and renewed market confidence after two years of what they describe as “modest activity.”

Industrial 310

Industrial Mortgages Due diligence Technology 310

Housing Wire

DECEMBER 2, 2024

Movement is constant in the mortgage industry. These movements are marked by transactions, including execution of employment agreements, sale or merger agreements, and management of risk. The second article deals with movement marked by mergers and acquisitions within the industry.

Industrial 325

Industrial Mortgages Branding Loans 325

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? Skills such as coaching, conflict resolution, and teammotivation are rarely developed through sales roles alone.

Industrial 281

Industrial Loan Officer Mortgages Loans 281

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. When I sold competitive products, the sales portion of it felt really easy.

Mortgages 292

Mortgages Sales Loan Officer Lending 292

Housing Wire

OCTOBER 7, 2024

Broker ownership of listings data has been a given in the real estate industry since MLSs migrated to the internet in the 1990s. But with REcolorado’s sale to Burks, the MLS is no longer owned by a Realtor association and thus isn’t subject to NAR rules. The new Participation Agreement appears to be stoking these fears.

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MLS Sales Brokerage Agents 431

Housing Wire

AUGUST 2, 2024

My extensive experience in the home services industry has shown me the incredible potential in building strong relationships between homeowners and home service providers,” Exuma founder Anthony Perera said in a statement. AI has been top of mind for the real estate industry.

Sales 391

Sales Staging Renovation Equity 391

Housing Wire

JUNE 25, 2024

News of the deal, which the board learned about late last week, surprised the MLS executives who had been approached by the shareholders in January.

MLS 404

MLS Equity Sales Investor 404

Housing Wire

SEPTEMBER 6, 2024

In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate.

Mortgages 459

Mortgages Technology Staging Industrial 459

Housing Wire

MAY 6, 2024

There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,” Abel said. “So, I know how long they work on things sometimes that don’t materialize.”

Agents 487

Agents Industrial Investor Sales 487

Housing Wire

OCTOBER 4, 2024

Home sales outlook The outlook for home sales shows a mixture of optimism and caution among respondents across all groups. Challenges facing the industry The challenges identified by respondents highlight several areas of concern. Home price predictions The expectation for home prices reflects a more conservative outlook.

Mortgages 420

Mortgages Marketing Brokerage Finance 420

Housing Wire

OCTOBER 11, 2024

bringing a team with more than $300 million in career sales. because we feel the real estate industry is in need of change,” Smith said in a statement. “In In many ways, the industry has become stagnant, and we refuse to accept that. Key Avenue Group is leaving Keller Williams for SERHANT., first entered South Carolina in 2023.

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Brokerage Technology Industrial Agents 435

Housing Wire

JANUARY 2, 2024

has seen for home sales, she said. “[T]he And the peak in existing home sales was 2005 when you had around 7 million transactions.” H4P has struggled to gain traction in the already-niche reverse mortgage market, though some reverse mortgage industry professionals have aimed to amplify its potential among their peers.

Marketing 520

Marketing Equity Industrial Mortgages 520

Housing Wire

DECEMBER 13, 2023

As 2023 draws to a close, housing professionals hope for relief from the high mortgage rates, terrible inventory levels and slow sales that characterized the year. They may find that relief for mortgage rates next year, according to forecasts from various industry experts compiled by HousingWire. to 6.05%. . million to 5.07

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Sales Mortgages Construction As-is 486

Housing Wire

SEPTEMBER 5, 2024

This is why industry estimates call for a robust 2025 with $2 trillion in expected mortgage originations.” The availability of homes for sale has increased in markets across the country. “But now rates are down more than 1.5% from this peak.

Mortgages 457

Mortgages Marketing Construction Sales 457