Housing Wire

MARCH 1, 2024

In a fiercely competitive market , mortgage originators need to rethink everything to gain market share and become savvy. Adopting an educator-first mindset, coupled with a willingness to reach, assist, engage and nurture early-journey first-time homebuyers, are the defining attributes of a next-gen loan officer.

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Housing Wire

JANUARY 16, 2024

Optimal Blue ’s newly launched mobile app for the Optimal Blue PPE – one of the industry’s most widely used product, pricing and eligibility engine – gives loan officers full product and search capabilities from their mobile phones. All eligible products and rates are presented – including any adjustments, notes, and advisories.

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Loan Officer Loans Mortgages Investor 445

Housing Wire

AUGUST 25, 2022

Did you just begin your career as a mortgage loan officer and need the answers to questions you didn’t even know you had? A part of the Women of Influence Forum, this workshop is perfect for new loan officers, especially women new to the industry, to gain confidence in their position. Happening Oct.

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Housing Wire

NOVEMBER 9, 2022

The steady drumbeat of dour news in the mortgage industry punctuated by headlines announcing layoffs and closures among the ranks of independent mortgage banks continues to play out, with several lenders over the last two weeks adding to the torrent of pink slips. Charting the loan officer exit. million. .

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Loan Officer Loans Mortgages Industrial 435

Housing Wire

SEPTEMBER 14, 2023

Adrian Gastelum, a vice president and branch manager at Nova Home Loans, recently had a prospective borrower apply for a Federal Housing Administration (FHA) mortgage. The problem is, a mortgage credit reject (MCR) is kind of like your scarlet letter, to be completely honest,” Gastelum said. That changed on September 11.

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Loan Officer FHA loan Loans Mortgages 414

Housing Wire

DECEMBER 16, 2021

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. The post Knock reverses course on loan officer pay cut appeared first on HousingWire.

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Loan Officer Loans Lending Mortgages 414

Housing Wire

NOVEMBER 11, 2024

Zillow is moving full speed ahead with an ambitious expansion of its mortgage business, leveraging its housing tech innovations to potentially reshape how modern homebuyers finance homes. billion in purchase mortgage business, not far off a top 50 spot on the mortgage leaderboard. That’s an annualized $3.2

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Mortgages Loan Officer Loans Agents 457

Housing Wire

MARCH 6, 2023

There were leads, referrals and action in January, after people returned from holiday vacations and rates declined, said Don Monson, branch manager at Sente Mortgage. Rising rates will likely scare buyers away from the market, as it makes monthly mortgage payments less affordable, loan officers interviewed by HousingWire said.

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Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

JULY 15, 2024

Loan originators in today’s mortgage market have weathered significant challenges. Register now for AMPCON and be part of the conversation that’s shaping the future of mortgage banking. If you are still in the game, you’re already demonstrating resilience and adaptability.

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Loan Officer Loans Banks Mortgages 407

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. With rates around 6.9%

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Housing Wire

APRIL 12, 2024

If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.” Marketers like 2023 Marketing Leader and USA Mortgage’s Senior Vice President of Marketing, Chelsea Vonder Haar , who has been a driving force behind USA Mortgage’s marketing success.

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RIS Media

NOVEMBER 19, 2024

Few residential real estate professionals have their pulse on the mortgage industry more than Shant Banosian, EVP of sales at Rate (formerly Guaranteed Rate), in Waltham, Massachusetts.

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HomeLight

AUGUST 12, 2024

Your mortgage loan officer will play a key role in helping you secure the financing you need to close your home purchase. How do loan officers get paid? We’ll also share tips to save money and provide a list of questions to ask to ensure you know who’s handling one of the largest loans you’ll ever purchase.

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Housing Wire

JANUARY 29, 2021

Over $4 trillion in originations made its way through the housing market last year, and new data from mortgage software firm LBA Ware revealed that by the end of 2020, loan officers played every last card in their deck to get those deals closed by New Years. Mortgage Tech Demo Day. million in funded purchase loans in Q4.

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Loan Officer Loans Mortgages Technology 418

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. There are thousands of loan officers out there.

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Housing Wire

NOVEMBER 3, 2021

To the surprise of virtually no one, loan officer commissions started to head south in the third quarter, dropping 17% year-over-year, according to SimpleNexus ’ third quarter mortgage loan compensation report. loans per month in Q3 2021, versus an average of 9.0 loans a month in Q3 2020. The reason?

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Housing Wire

NOVEMBER 14, 2024

CrossCountry Mortgage , a top-10 U.S. mortgage lender, has hired a team of former Pennymac Financial Services executives to lead its capital markets and investment-related activities. Fartaj stepped down as Pennymac’s senior managing director and chief investment officer in March 2023 , after 15 years at the company.

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Housing Wire

MAY 22, 2023

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Keeling also previously held the role of branch manager at Advisors Mortgage Group.

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Loan Officer Loans Investor Technology 354

Housing Wire

JUNE 17, 2022

Do loan officers need more technology than they currently have? Most loan officers do not believe they need more tech than they have now. Most loan officers do not believe they need more tech than they have now. Being a loan office hasn’t changed. Being a loan officer (LO) hasn’t changed.

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Loan Officer Loans Technology Banks 419

Housing Wire

OCTOBER 22, 2024

Guaranteed Rate Affinity announced a promotion on Tuesday as the joint venture company named 22-year industry veteran Mark Rawls as vice president of mortgage lending. Rawls’ prior experience spans several companies — including Movement Mortgage and WR Starkey Mortgage.

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Lending Mortgages Loan Officer Development 395

Housing Wire

NOVEMBER 13, 2024

Movement Mortgage has named Steve Smith, a mortgage veteran who most recently served as Movement’s executive advisor, as its new president and chief financial officer. compared to the same period last year, according to Inside Mortgage Finance (IMF). The announcement was made Wednesday.

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Mortgages Loan Officer Finance Lending 370

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.

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Mortgages Loan Officer Loans Technology 438

Housing Wire

OCTOBER 17, 2024

Former Open Mortgage executive Brenda Hedeen has been hired by Utah-based Canopy Mortgage as its new chief financial officer. Hedeen was the CFO of Open Mortgage from May 2022 to October 2024. She also had CFO stints at On Q Financial and Mann Mortgage. It has nearly 300 loan officers and originated about $1.35

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Mortgages Loan Officer Technology Loans 445

Housing Wire

MAY 30, 2023

And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari , Blend ‘s co-founder and CEO. Blend’s mortgage banking software processed 23.2% Artificial intelligence (AI) is a buzzword in virtually every industry right now.

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Loan Officer Loans Banks Technology 406

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.

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Mortgages Sales Loan Officer Lending 346

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. Owen says that your home is a five- to 15-year decision, while a mortgage is a five- to seven-year decision.

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Industrial Mortgages Loan Officer Loans 415

Housing Wire

NOVEMBER 15, 2024

Chrissi Callaghan Rhea, co-founder of Mortgage Investors Group and member of the Mortgage Bankers Association (MBA) board of directors, died on Nov. One of her contributions to the industry was being a “driving force” behind MBA’s efforts to ban abusive mortgage trigger leads , Broeksmit said. 8, at the age of 73.

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Housing Wire

SEPTEMBER 25, 2024

Applicants hoping to get a mortgage job in 2024. After cutting to the bone over the past three years, several large mortgage lenders are beginning to ramp up hiring. The data includes employees at parent companies and subsidiaries, in mortgage lending, servicing and other activities.) Image created by AI in Midjourney.)

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Industrial Mortgages Loan Officer Loans 452

Housing Wire

OCTOBER 31, 2024

Jonathon Haddad, chairman and CEO of the Association of Independent Mortgage Experts (AIME), is one of the owners of Next Door. The Nationwide Multistate Licensing System (NMLS) shows that Michigan-based brokerage firm Next Door had 61 sponsored loan officers as of Thursday, along with four branches in Arizona, Nevada, Ohio and Texas.

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Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

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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.

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Sales Mortgages Loan Officer Technology 429

Housing Wire

NOVEMBER 13, 2024

Founder and CEO Vishal Garg made a eye-popping statement when he opined that “in the next 10 years, 99% of the (mortgage) tasks will be completed by bots and 1% by humans.” “The bulk of the tasks that are required to process a mortgage are going to be performed by AI bots over the next 10 years,” Garg said in an interview with HousingWire.

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Mortgages Loan Officer Loans Technology 351

Inman

NOVEMBER 8, 2023

According to mortgage industry expert Matt Muscat, changes in the mortgage industry and in the financial landscape have made the job of loan officer more important and challenging than ever.

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Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

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FHA loan Loans Loan Officer Mortgages 468

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 new states are Arizona, Nevada, Oregon and Utah.

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Mortgages Equity Loan Officer Loans 412

Housing Wire

MAY 2, 2024

Redlands, California-based mortgage lender Mountain West Financial has struck a deal to sell its retail assets to competitor ML Mortgage Corp. , one of the latest M&A transactions amid a challenging landscape for home loan originators. “We We did transfer our branches and loan officers to ML Mortgage.

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Mortgages Loan Officer Lending Loans 443

Housing Wire

OCTOBER 31, 2024

A recent episode of “The Loan Officer Podcast” features a high-profile guest masterclass. Host Dustin Owen sits down with Lower CEO Dan Snyder to explore his journey from studying law to founding a mortgage fintech platform, along with key entrepreneurial tips for aspiring originators. By 2013, the bank ended up selling.

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Mortgages Banks Loan Officer Lending 443