Housing Wire

NOVEMBER 1, 2023

But for some borrowers, a less traditional loan type could make the most financial sense. Add context about why you’re asking for specific information at every stage. Without enough timely information to ask questions and compare options, borrowers had loans they couldn’t afford.

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Loans Fixed-rate mortgage Lending Loan Officer 428

Housing Wire

OCTOBER 1, 2024

The three overarching themes in all of these conversations include: Operational efficiencies for delinquent accounts : QC teams are honing in on how effectively operational processes are managed for delinquent loans, from customer service to loss mitigation. I have to say ACES has been such a tremendous help in our QC review process.

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Loans Pre-approval Marketing Staging 405

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. These are the mindset and actions that set successful agents and loan officers apart in a down market. However, successful agents and loan officers navigate fear at an unusually fast pace.

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Loan Officer Agents Marketing Loans 458

Housing Wire

OCTOBER 13, 2023

The talks remain ongoing and are not believed to be in the late stages, sources said. According to loan officers, former executives, recruiters and business partners, Fairway has struggled with liquidity issues and its founder and CEO Steve Jacobson has attempted to sell the business. nine industry sources told HousingWire.

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Loan Officer Loans Mortgages Staging 493

Housing Wire

JUNE 11, 2024

HUD placed Open Mortgage on credit watch for the Des Moines HOC [homeownership center], which only impacts our loans in Iowa,” Christopher D’Auria, president and CEO of Open Mortgage, told HousingWire. “Our direct endorsement authority remains unchanged outside of that HOC. Iowa was responsible for 3.4% of the total, Modex data shows.

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FHA loan Mortgages Loan Officer Loans 469

Housing Wire

AUGUST 26, 2024

Zeev Ventures , an early-stage venture fund, led the Series D extension, and was joined by Stereo Capital and Menlo Ventures. 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, according to HomeLight.

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Equity Loan Officer Lending Investor 463

Housing Wire

APRIL 1, 2024

Today’s unique market requires flexibility and a pricing engine that empowers lenders and their loan officers to put the right loan products in front of borrowers. HousingWire spoke with Parvesh Sahi, chief revenue officer of Polly , about the importance of having the right PPE and strategic pillars that facilitate LO success.

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Loan Officer Loans Technology Investor 451

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. For an LO working to get the loan to the finish line, this can be a huge time saver. Why do we need them?

Loans 413

Loans Inspection Lending Technology 413

Housing Wire

FEBRUARY 27, 2024

of the total) and purchase loans (93.5%), according to the mortgage tech platform Modex. Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. were conventional loans and 30.5%

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FHA loan Loan Officer Loans Staging 448

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. HousingWire reported on the late-stage negotiations in January.) “The These penalties are usually imposed on lenders when a borrower pays off their loan within four to six months of closing, but in some cases, it can be up to one year.

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Loan Officer Loans Lending Mortgages 434

Housing Wire

JULY 25, 2023

for purchase mortgage origination, and he is taking the stage at HW Annual. During the Peak Performers sessions, Weaver will share his 10 points to high-level loan originations. Register Weaver spoke with HousingWire to share his excitement for HW Annual and give attendees a sneak peak at the t opics he’ll discuss on stage.

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Staging Mortgages Lending Loans 321

Housing Wire

MARCH 15, 2021

Primary Mortgage Origination Satisfaction Study, mortgage originators’ shortcomings in self-service tools for application and approvals, frequent communication and extended loan processing times could negatively affect customer satisfaction over time. Retail lenders originate loans through their in-person retail branches.

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Lending Mortgages Loan Officer Loans 418

Housing Wire

JUNE 20, 2024

The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. To combat this, loan officers must be incentivized to embrace innovation. And employment verification is just one of dozens of mortgage cost centers.

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Loan Officer Pre-approval Technology Lending 435

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight.

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Loan Officer Technology Loans Banks 368

Housing Wire

FEBRUARY 14, 2024

BBYS products enable homeowners to tap their current home equity to purchase the new home, meaning they can make larger down payments and reduce the cost of their loans. We don’t charge agents fees or require them to get certified so your loan officers can offer this product to all their agents.

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Backup offer Loan Officer Home sale contingency Branding 445

Housing Wire

NOVEMBER 20, 2024

Mortgage , which has 330 sponsored loan officers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By “FICO set the stage for the pricing increase with their 40% increase this year. To start, FICO’s wholesale price hike translates to an additional $1.45 ” Metz said.

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Mortgages Loan Officer Loans Closing costs 433

Housing Wire

DECEMBER 16, 2020

The Adwerx Enterprise Platform is the only digital advertising solution designed specifically for mortgage brokerages and their loan officers. Reach home buyers before real estate agents with individualized, compliant ads for loan officers, built automatically. Brand compliance is built into every stage of the process.

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Mortgages Loan Officer Brokerage Branding 301

Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. About a half-dozen RMBS issuers also were contacted for this story, including J.P.

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Due diligence Loan Officer Loans Mortgages 486

Housing Wire

DECEMBER 21, 2022

Given the record evidence at this stage, loanDepot is likely to succeed in showing that the Defendants misappropriated trade secrets,” judge Chang wrote. In July 2022, loanDepot sued the rival again for allegedly poaching high-performing loan officers from its New York branches. billion in business.

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Loan Officer Staging Loans Mortgages 432

Housing Wire

OCTOBER 6, 2020

Today, while the mortgage industry has the technology to support this, we’re still in the early stages of determining how it should be used. Over the past few years, we’ve applied virtually all of our solutions to the front end of the mortgage loan origination process. In other cases, the loan officers didn’t trust the technology.

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Technology Mortgages Loan Officer Loans 476

Housing Wire

SEPTEMBER 25, 2024

mortgage brokerage firm, with 2,726 sponsored loan officers and 247 active branches, per the Nationwide Multistate Licensing System ( NMLS ). Kortas and Grella founded NEXA seven years ago after leaving Equity Prime Mortgage. As of Wednesday, NEXA was the largest U.S.

Mortgages 435

Mortgages Due diligence Brokerage Loan Officer 435

Housing Wire

SEPTEMBER 12, 2024

We’re at that stage of this cycle where the Fed, on purpose, went to attack the labor market more than inflation ,” he says. He also argues for more data-influenced decision making to help homebuilders, loan officers and real estate agents create sound strategies.

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Loan Officer Lending Staging Industrial 450

Housing Wire

APRIL 25, 2023

The product can check for relevant loan details and document acceptability to identify and condition for large deposits or deposits from sources that are inconsistent with the loan application. The new product is in the near-final stages of production and will be available in-market by the end of June 2023.

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Lending Banks Loan Officer Loans 380

Housing Wire

JANUARY 22, 2024

The sources said negotiations are in the late stages and remaining details are expected to be finalized this month. If the deal goes through, the companies would have about 2,130 loan officers, which includes 1,884 from NAF and 251 from DKMC, per data collected as of Jan. DKMC), multiple sources told HousingWire.

Mortgages 366

Mortgages Residential Loan Officer Loans 366

Housing Wire

DECEMBER 12, 2022

HousingWire recently spoke with Matt Regan, EVP of Transaction Management Systems at Flueid , about the need to redefine “instant title” to focus on adding value to loan evaluation and decision-making rather than just delivering the title commitment faster. With that in mind, imagine you are reviewing a loan application.

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Title Mortgages Loans Loan Officer 410

Housing Wire

SEPTEMBER 16, 2020

Let’s start with the recent 30-year fixed rate cash-out refinance, which was introduced last week on conventional loans, with rates between 2.5% So that means that if they’re doing a cash-out and they have a 70 loan-to-value, Fannie Mae will charge them three quarters of a point. Okay, so that was from 2.5 only pays 1.5

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

APRIL 18, 2023

Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. Radian recognizes that its partners may be in different stages of the journey toward offering fully digital closings, so it offers traditional, remote online notarization and hybrid closing solutions.

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Closing Title Loan Officer Technology 376

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. NEXA has always been focused on purchase loans , which means some of its LOs do significant business with buyers’ agents.

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Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

MAY 8, 2023

My father had been diagnosed with stage four liver failure at that time, and we were aggressively looking for a home so he could move in with my family. I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. So, we didn’t have much to cover.

VA loan 418

VA loan Mortgages Marketing Loans 418

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

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Title Loan Officer Technology Agents 403

Housing Wire

AUGUST 31, 2020

This year’s low rates have led to high loan volumes, and lenders overwhelmed with applications are looking for the best way to handle the increased workload. If a borrower is able to use an online portal to quickly and easily submit an application but they’re stuck waiting for 45 days to close their loan, that creates frustration.

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Lending Technology Loans Loan Officer 435

Housing Wire

MARCH 25, 2021

Nick Bailey, RE/MAX Chief Customer Officer, paced back and forth on a convention hall stage Thursday, warning of a “bogeyman,” be it Zillow or some other existential threat, that always seems to threaten the home broker. Nick Bailey, courtesy of RE/MAX. Real estate agents and LOs: the great collaboration.

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Brokerage Branding Technology Staging 435

Housing Wire

NOVEMBER 7, 2024

We are focusing on market segments where we see the most growth potential, such as consumers 55 and older seeking second-lien mortgage loans as a way to access their home equity without refinancing away from low-rate conventional mortgages,” he said. Our HomeSafe Second product could be a valuable solution for this population.”

Equity 369

Equity Finance Loan Officer Branding 369

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Making sure that the house is staged properly and marketed well is really important,” she said. Annapolis, Maryland. Despite the cool off, on average, homes are sitting for only 10 days on the market.

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Marketing Loan Officer Renovation Staging 417

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. When somebody applies for a home loan, there are several handoffs and requests for information between the borrower and various internal departments.

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Lending Technology Loans Industrial 365

Housing Wire

OCTOBER 7, 2020

The stage was set to roll out a slate of new products and services while driving advocacy for greater regulatory uniformity in several key areas. Powered by robust AI, DecisionPoint is an automated title decisioning system that enables lenders to know almost instantly a loan’s application-to-close time. To 2021 and beyond.

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Title Technology Loan Officer Lending 370

Housing Wire

OCTOBER 19, 2022

This could end up saving them $115 a month and more than $20,000 over the life of the loan. To be clear, using a data-driven credit strategy does not add time to the mortgage process as it can happen concurrently with all the routine processing activities required for every loan. Doing so could reduce the rate they will pay to 5.75%.

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Loans Mortgages Loan Officer As-is 459