The key to implementing non-QM products

With the refi boom falling off and the margin compression happening to lenders nationwide, lenders are looking at non-QM to help fill in those gaps. Learn how to implement non-QM products here!

RealTrends 2021 Team Profitability Study

Brokerage firms have often speculated about how well teams perform from a profit and loss point of view, as well as how productive they are. In this research study, RealTrends answers these two big questions.

Proven Strategies for Accelerating eMortgage Adoption with Freddie Mac and Better

This webinar will cover how the industry is working to overcome challenges lenders experience in adopting eClosings. You’ll hear from industry leaders at Snapdocs, Freddie Mac and Better Mortgage. Register now!

Logan Mohtashami on existing home sales, mortgage rates

Today’s HousingWire Daily begins the Rundown miniseries where HousingWire’s Editor-in-Chief Sarah Wheeler and Lead Analyst Logan Mohtashami will talking about housing and economics every Monday.

Mortgage

2017 HW Vanguard: Teresa Whitehead

CEO at Citywide Home Loans

CEO Teresa Whitehead has catapulted Citywide Home Loans to success, successfully navigating the tumultuous housing market and unprecedented regulatory oversight.  whitehead

Citywide was a stable, but small, mortgage banker when Whitehead became the CEO in 2012. Despite the stress of mountains of regulations, Whitehead has managed to accomplish lofty goals in the last year, with the company experiencing unprecedented growth, adding an astounding 10 branches. Even when faced with the recent plateau in the mortgage market, Citywide has grown seven-fold in the past five years, going from $400 million in annual volume in 2010 to more than $3 billion in annual production in 2016.

Prior to 2017, Whitehead and Steve Goorman, Citywide’s president and founder, comprised the entire executive team.  In the midst of this season of growth, Whitehead built an executive team from the ground up, adding experienced professionals and invested leader. This executive team growth is a direct result of Whitehead’s insistence of never losing sight of the company’s endgame: a satisfied borrower.

In the summer of 2014, Whitehead created the program Makeovers from the Heart, a charity initiative that makes over homes for deserving families. The program was launched in November of 2014 and each holiday season, Citywide goes into the community and solicits nominations of deserving families. To date, Citywide has made-over 19 homes. Some projects have been small, just a single room in the house. Others have been complete makeovers, including plumbing, electrical, flooring, appliances, furniture, new kitchens and new bathrooms.

What one habit has made a crucial difference in your success?

“Being able to take a beating and still move forward.”

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

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