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Items Tagged with 'Loan officer'

ARTICLES

Wells Fargo ups commissions to spur loan production

Increases loan officers' pay in effort to counteract declining volumes
Ben Lane
Wells Fargo has decided to combat its decreasing loan revenues by increasing the amount of commission it pays to its loan officers. The bank hopes this will stem the decline in its mortgage origination volume.
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loanDepot snaps up RoundPoint Mortgage loan officers: source

Would impact 200 or so LOs
Jacob Gaffney

The move makes sense as the two companies share similar business models; that is, high-touch, boutique customer service. The loan officers are currently being notified of the transition, according to information provided from a RoundPoint loan officer who asked to remain anonymous.


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Ellie Mae revises operating expenses due to outage

Expenses range from $3 million to $4 million
Brena Swanson
After Ellie Mae’s loan origination system shut down for users at the end of March, the company had to revise its operating expenses to handle the added bump in capital spending.
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Can mortgage technology help lenders drive purchase business?

Consensus at MBA Tech: YES!
Jonathan Corr
LOs will, of course, play an essential role in building purchase business. But they’ll have to do more than just drop off donuts. However, from a compliance perspective, there are significant risks in letting LOs have unfettered control over marketing and deals.
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The key to successfully growing your mortgage lending operation

Hurry! Competition is quickly heating up
Brena Swanson
Since the mortgage market its quickly shrinking, it is more important than ever to retain and gain customers. The key to success: lender relationships.
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Where are lenders driving mortgage traffic?

Lending standards tighten across most spectrums
Brena Swanson
Lending standards shifted across the board over the past three months following the recent implementation of the Consumer Financial Protection Bureau Qualified Mortgage rule. But where are lenders looking to find business?
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Total Mortgage Services expands Northeast presence

Actively recruits new loan officers
HousingWire Staff
Total Mortgage Services is actively recruiting experienced loan officers as the lender expands in the states of Connecticut, Massachusetts and New York.
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Mortgage Network hires Elaine Sue Honegger as a loan originator

HousingWire Staff
Veteran loan originator Elaine Sue Honegger joined Mortgage Network as a loan officer in the company’s Hilton Head Island, S.C., branch.
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Mortgage hiring picks up

Sales, origination professionals remain in high demand
Christina Mlynski
As housing continues to rebound, various sectors of the market are taking a bigger unemployment hit, while others are watching hiring pick up for the first time in years.
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Loan officers adjust to market changes

Top lenders cut back on loan officers
HousingWire Staff
Some of the largest lenders are trimming back their headcounts, but this does not necessarily reflect what is going on in the rest of the industry.
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