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?

Mortgage Tech Virtual Demo Day

Tune in to our live Virtual Demo Day on December 1st at 10am CT to experience demos from the most innovative tech companies in the Servicing, Audit and Post-Close space.

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.

Mortgage

2018 HW Vanguard: Selene Kellam

Thrive Mortgage executive vice president of operations

For the last decade, Selene Kellam has been an integral proponent of the systems, processes and technology solutions at Thrive Mortgage.

As the executive vice president of operations, Kellam is the company’s biggest champion in designing ways to analyze data and making operational Vanguard logoadjustments to keep everything running as smoothly as possible.

Selene KellamKellam has guided the company to multiple firsts in the industry, including an eClosing initiative which led to Thrive Mortgage completing the first 100% digital mortgage in the State of Texas.

Kellam was also the chief architect of Thrive Mortgage’s Quality and Efficiency initiative, which aimed to reduce loan origination time to an average of 18 to 21 calendar days.

Kellam is a highly sought-after panelist and speaker at numerous industry conventions and special events. Most recently, Kellam participated in the Notarize “Trailblazers” Conference, Texas MBA Evolve Symposium and numerous other engagements across the country.

As overseer of Post-Closing, Kellam also takes ownership of files with loan defects and has overhauled procedures within the company's post-closing department. She works closely with secondary to review the methods by which Thrive sells loans to investors as well as the loans sold directly to Fannie Mae, Freddie  Mac and Ginnie Mae.

Kellam says her greatest achievement is being a mom. Her passion for her family, engagement in the community and love for what she does every day, define her as a truly remarkable woman.

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

“Don’t just ask those above you how you can improve, ask the people around you and the ones who report to you… Seek out their advice on how you can be a better leader. When you establish the right relationships, they’ll let you know.”

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The FHFA today announced the baseline conforming loan limit for 2022 will be $647,200, an increase of 18%. In high-cost areas, the new ceiling loan limit will be $970,800.

Nov 30, 2021 By

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

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