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

2018 Women of Influence: Teresa Whitehead

CEO at Citywide Home Loans

Teresa Whitehead

When Teresa Whitehead became the CEO of Citywide Home Loans in 2012, the small mortgage company’s net worth was $4.5 million. As of the end of 2016, the company has grown considerably and has a net worth in excess of $20 million. Citywide’s financial strength has increased while funding expansion in numerous states and across more than 50 branches.

Whitehead has taken Citywide from $400 million in production to more than $3 billion in the last two years, funding all of the growth out of profits generated by the company. In this journey toward expansion, Whitehead has been careful to ensure that change results in increased efficiency and market share without losing Citywide’s “soul” in the process. She also ensures that senior-level executives are still very well-versed in the company’s daily manufacturing of individual loans.

There is much competition for high-producing loan originators in the Citywide footprint. As CEO, Whitehead has driven the company to become sophisticated in process and market penetration, while staying connected and in touch with the sales force.

Known as the “mama bear” of Citywide, Whitehead knows virtually all 750 employees’ names and is able to structure and deliver the most complicated of borrower transactions.

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Guaranteed Rate’s Shant Banosian clears $2B in originations in 2021

Guaranteed Rate’s Shant Banosian has topped his record-setting 2020 in a big way: year-to-date, the LO has funded a whopping $2 billion in total origination volume, the lender announced on Tuesday.

Nov 23, 2021 By
3d rendering of a row of luxury townhouses along a street

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