Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

AwardsMagazine

2019 HW Vanguard: Scott Gordon

Open Mortgage CEO

Open Mortgage has experienced significant growth over the past 12 months, which is a direct response to the leadership and decision making of the company’s CEO, Scott Gordon.

Gordon, who is a serial entrepreneur with an education in software engineering, and an interest in start-ups and business investing, is currently a board member for several financial organizations across the country.

In 2018, Gordon worked to position Open Mortgage in a favorable position for expansion by building up its forward and reverse lending departments, as well launching new marketing and operational products that aimed to help employees grow their personal businesses. 

Gordon also oversaw the on-boarding of Live Well Financial’s core team of mortgage lending executives and roughly 50 sales and operations employees, which significantly increased Open Mortgage’s national footprint and service capabilities. 

Additionally, he led the charge in the acquisition of Premier Home Mortgage, a lender that specialized in financing rural and small-town American communities, which added $300 million in loan value to the company. 

Through the acquisition, the company has now added offices in Iowa, Montana, South Dakota and Wyoming – all markets that were previously untapped by Open Mortgage. As a result, Open Mortgage, which was awarded the #10 spot on the top HECM lenders in the nation list, is now predicting 30% production growth within the next year, coupled with a 30 to 50% production increase. 

What’s the best advice you’ve ever received?

“When asked what he would do differently Michael Dell said, ‘I would hire better people sooner.’ I believe your people are everything, and this advice is more powerful than people realize.”

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3d rendering of a row of luxury townhouses along a street

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