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Loan officers, focus on quality not quantity

Housing Wire

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.

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The playbook for a rookie loan officer: What I’m telling my son before his first year

Housing Wire

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Focus on repetition over perfection At this stage, its more important to consistently show up and do the work than to be the best. With a 100% commission-based structure, success isnt guaranteed its earned.

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FinLocker says it will cover 100% of mortgage verification costs

Housing Wire

FinLocker details that the initiative will eliminate verification costs at all stages of the mortgage journey, from prequalification and underwriting to final reverification before closing. FinLocker also explained that it aims to offer a “competitive edge in a challenging market with a tangible cost” for loan officers.

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Supreme Lending looks to expand along the West Coast

Housing Wire

Fairfield and Keranen bring decades of experience in mortgage lending, as loan originators and managers in California. In recent years, they have focused on mentoring loan officers and tailoring their support to match different career stages.

Lending 363
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Reverse mortgage pro shares how he became a HECM customer

Housing Wire

Given that approach, it always made sense that, eventually, when I reached that stage, I would apply the same strategy to myself. A big reason for that is loan officers don’t always ask the right questions to understand the borrower’s real needs.” So, yes, realistically, I’ve always known this would be part of my plan.”

Mortgages 362
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Agents and LOs, here are 6 strategies for navigating a down real estate market

Housing Wire

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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CrossCountry in talks to acquire Fairway: sources

Housing Wire

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.