Housing Wire

JUNE 7, 2024

It follows the the lender’s recent acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS). The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March. Newrez, a top-five U.S. mortgage lender, originated $10.8

Bankruptcy 464

Bankruptcy Loan Officer Principal Loans 464

Housing Wire

NOVEMBER 4, 2022

Purchase loans accounted for 82.7% Since the start of Game On, we’ve had thousands of loan officers try us for the first time, experiencing our technology, our services and quickly realizing that partnering with UWM can help them win in any market.”. UWM originated $33.5 billion in production. billion 12 months ago. “To

Principal 87

Principal Loan Officer Loans Mortgages 87

Housing Wire

AUGUST 29, 2024

-focused mortgage lender NewDay USA has reached an agreement with the Consumer Financial Protection Bureau (CFPB) over allegations that it provided misleading and incomplete cost comparisons to borrowers seeking cash-out refinance loans , the parties announced on Thursday. home loans. home loan program.”

Principal 434

Principal Loans Loan Officer Mortgages 434

Housing Wire

MAY 23, 2022

Pink slips will arrive for California employees at six offices in Thousand Oaks, Pasadena, Roseville, Westlake Village, Agoura Hills, and Moorpark. The latest round of WARN notices will impact 59 loan officers in the Thousand Oaks, Pasadena, and Roseville offices. Loan servicing followed at 4.1%

Loan Officer 418

Loan Officer Loans Principal Mortgages 418

Housing Wire

JUNE 5, 2024

Top mortgage technology executives say their companies are embracing artificial intelligence (AI) in their operations but still relying on human decision-making to sell loans. “There’s one question every CEO, CTO, CIO, loan officer, processor, underwriter, they all ask the same thing: will AI replace my job?”

Mortgages 459

Mortgages Loan Officer Technology Loans 459

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. AI can understand the loan status, a loan profile and AI can respond to the consumer.

Mortgages 476

Mortgages Loan Officer Loans Equity 476

Housing Wire

JULY 8, 2024

That’s the third round this year, following the acquisition of Computershare Mortgage Services and its affiliate Specialized Loan Servicing (SLS ) for $720 million in October 2023, which brought some redundancies to its structures. The company owned $537 billion in unpaid principal balance (UPB) of servicing at the end of March.

Loan Officer 443

Loan Officer Principal Finance Mortgages 443

Housing Wire

JUNE 11, 2021

In fact, it reached the lowest level since the fourth quarter of 2018 for GSE-eligible and government loans. At the Mortgage Bankers Association ‘s spring virtual conference, speakers warned that narrowing profit margins could make for some difficult conversations between executives and loan officers.

Loan Officer 488

Loan Officer Principal Loans Mortgages 488

Housing Wire

MAY 10, 2022

But the Pontiac, Michigan-based lender’s total loan production fell during the same period, reflecting a shrinking mortgage market. . billion in the unpaid principal balance of MSRs as of March 31, 2022 compared to $221 billion exactly a year earlier. billion in mortgage loans in the first quarter of 2022, a 29.7% UWM had $303.4

Mortgages 397

Mortgages Loan Officer Loans Principal 397

Housing Wire

APRIL 24, 2024

Engagement team goals Schmidt explained that, considering the size of the reverse mortgage business relative to the forward side, finding a way to bring the broader community of loan originators into the fold is a priority. “I Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgages 446

Mortgages Loan Officer Loans Principal 446

Housing Wire

AUGUST 6, 2024

Purchase loans comprised 72% of loanDepot’s total volume in Q2 2024. We opportunistically took advantage of strong market conditions and monetized approximately $29 billion of unpaid principal balance of our mortgage servicing rights.

Purchase and sale agreement 448

Purchase and sale agreement Principal Loan Officer Mortgages 448

Housing Wire

OCTOBER 13, 2021

Principals of the private holding company StoicLane led the round, the firms said on Wednesday. Funds managed by Oaktree Capital Management , MFA Financia l, various family offices, and other strategic investors invested through a StoicLane’s special purpose vehicle, StoicLane said.

Mortgages 422

Mortgages Loan Officer Investor Loans 422

Housing Wire

MARCH 19, 2024

It also included reduced compensation for loan officers, sources told HousingWire in February.

Equity 443

Equity Loan Officer Principal Loans 443

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. In fact, it was fairly common a few decades ago.

FHA loan 397

FHA loan Mortgages Loan Officer VA loan 397

Housing Wire

APRIL 1, 2024

To start out, our comp plan was based on the production and the [unpaid principal balances (UPBs)]. I think loan officers are getting used to the rate environment as it is now, versus hanging on to the idea that they’re going to get better and things will pick up.” Two years later, the UPB has diminished right.

Sales 447

Sales Loan Officer Principal Loans 447

Housing Wire

FEBRUARY 9, 2024

Last year was a challenging one for reverse mortgage business activity, and it likely hit no one harder than the industry’s front-line loan originators. So, I’m really continuing to focus on the active adult market for what we call the “lifestyle home loan,” commonly known as HECM for Purchase.” My outlook is very positive.

Mortgages 459

Mortgages Principal Loans Loan Officer 459

Housing Wire

MAY 26, 2022

Michigan-based wholesale lender Homepoint rolled out a jumbo ARM product offering a maximum loan amount as much as $2.5 million, with a maximum loan-to-value ratio of 80%. Homepoint’s jumbo ARMs have a seven- or 10-year fixed-rate period and the loan adjusts every six months, according to Homepoint.

Loan Officer 418

Loan Officer Loans Principal Mortgages 418

Housing Wire

AUGUST 21, 2024

David Heilman, principal for HomeGrown Financial in Mount Pleasant, South Carolina , didn’t feel like he had to shake up his approach to working with seniors when he became involved in the reverse mortgage industry. And I think this is where most loan officers struggle to transition — you’ve got to have a ton of patience with this clientele.”

Mortgages 434

Mortgages Loan Officer Principal Industrial 434

Housing Wire

MAY 2, 2022

issued pink slips to over 350 non-commissioned loan officers, a workforce reduction that former workers claimed to represent more than half of Interfirst’s entire staff. The workforce reduction is also focused on mortgage loan production. Six months ago Interfirst Mortgage Co.

Loan Officer 397

Loan Officer Principal Loans Technology 397

Housing Wire

JANUARY 17, 2024

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. They own the home with their name on the title, as with any mortgage, traditional or reverse.

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

JUNE 2, 2022

NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. Demetria McCain, HUD’s principal deputy assistant secretary for fair housing and equal opportunity, said it is “imperative” that lenders comply with fair housing laws.

Mortgages 418

Mortgages Loan Officer Lending Principal 418

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. over asking price.

Marketing 529

Marketing Equity Loans Bankruptcy 529

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. trillion in new loans in 2020 and $3.9 mortgage industry to fund $4.1

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

JANUARY 26, 2022

Philadelphia-based private equity firm LLR Partners announced Tuesday its investment in Sales Boomerang and Mortgage Coach , two fintechs focused on attracting and retaining mortgage borrowers and making loan originators more efficient. Both firms will maintain their existing brands and teams. LLR Partners, which led a $26.5

Investor 392

Investor Sales Mortgages Loan Officer 392

Housing Wire

SEPTEMBER 22, 2022

Marty Green, principal with mortgage law firm Polunsky Beitel Green , described increasing affordability pressures in the housing market as “throwing cold water on what was a frenzied residential real estate market.”. According to the NAR, there were 1.28 million existing homes on the market in August and would take 3.2

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

SEPTEMBER 30, 2022

An LO in the Miami, Florida area told HousingWire that on a $400,000 home purchase, with 5% down, a 700 FICO score, his clients are being quoted 7% for conventional loans and 6.125% on FHA and VA mortgages. Pressure on rates has sharply reduced demand for mortgage loans, according to the Mortgage Bankers Association (MBA).

Mortgages 482

Mortgages Fixed-rate mortgage Loans Loan Officer 482

Housing Wire

MAY 1, 2023

Name Job Title Company Name Alayna Gardner Director of Sales and Marketing LodeStar Software Solutions Alex Boand Managing Director of Correspondent Group Sales Pennymac Alison Flinn Chief of Staff Development Amherst Amanda Morrow Director of Investor Relations Atlantic Bay Mortgage Company Andres Munar Owner and President Co/LAB Lending Andrew Jewett (..)

Loan Officer 370

Loan Officer Principal Title Lending 370

Housing Wire

JULY 18, 2023

Whitfield is the founding principal of the Whitfield Property Group and he recorded $33 million in sales volume in 2022. With a decade of experience as an agent, Wilbanks entered the industry after working as a residential mortgage loan officer. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

AUGUST 12, 2024

“When brokers work with American Senior Lending Wholesale Division, they benefit from our internal account executives, who are mostly licensed loan officers. In the last year, we’ve brought on a few principal agent partners, which was a good experience that helped us grow from just [third-party origination (TPO)].”

Lending 459

Lending Loan Officer Branding Principal 459

Housing Wire

MARCH 20, 2024

I’ve also been working on the HECM Toolbox, which is really just for lenders and loan officers who haven’t really got to the point where they want to grow their business, and also for lenders that are in the [mortgage] space but not yet in the reverse mortgage space. It just seems like the morale is better out there, for sure.”

Development 459

Development Industrial Mortgages Loans 459

Housing Wire

FEBRUARY 1, 2022

California-based loanDepot greatly increased loan origination volume in 2021, which guaranteed gains in marketshare compared to its competitors. We control our lead flow, our customer contact strategy and the point of loan origination. The loan origination volume achieved $137 billion in 2021, an increase of 36% from the previous year.

Loans 370

Loans Loan Officer Principal Sales 370

Housing Wire

MAY 16, 2022

million) are among the non-bank lenders that benefited from the sale of MSRs, offsetting the decline in closed loan volume in the first quarter of 2022. UWM, the nation’s largest wholesale lender, sold MSR on loans with an aggregate unpaid principal balance of about $56.6 Loan origination volume dropped 26% to $21.6

Principal 397

Principal Banks Loans Lending 397

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Kim: You also do a lot of non-QM loans. Cohen funded $751.4 Who are your main borrowers?

Mortgages 397

Mortgages Marketing Loans Banks 397

Housing Wire

MARCH 1, 2021

With low interest rates and a booming refinance market, it is natural that loan officers and brokers are focused on agency loans and also a thriving purchase market. The guidelines for QM [loans] are pretty stringent,” he said. “We We are that next outlet for people who have complicated scenarios.

Lending 418

Lending Banks Loans Investor 418

Housing Wire

FEBRUARY 7, 2024

billion in consumer loans from Goldman Sachs and closed the acquisition of Sculptor Capital Management , bringing in $33 billion in assets under management. The company also announced a deal to acquire Computershare Mortgage Services , including Specialized Loan Servicing (SLS), adding $136 billion in unpaid principal balance (UPB) of MSR.

Loan Officer 448

Loan Officer Loans Mortgages Principal 448

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Loan Officer 435

Loan Officer Loans Equity Mortgages 435