Items Tagged with 'Loan origination'

ARTICLES

  • MBA: Commercial mortgage originations fall short in Q1

    Mortgage originations rise 12% on an annual basis, but drop 34% from Q4
    Although multifamily mortgage originations rose 12% year over year in Q1, they retreated 34% from the previous quarter, according to the Mortgage Bankers Association. Jamie Woodwell, MBA’s vice president of commercial real estate research, said first quarter volumes were higher for nearly every property type, and double-digit growth in loan volume for Fannie and Freddie led the increase among capital sources.
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  • Welp: Mortgage originations fall to four-year low in first quarter

    So, about that whole refi boom…
    Mortgage interest rates fell throughout the first quarter, eventually experiencing the largest single-week decline in 10 years. That decline led some to suggest that a boom in refinances could be on the horizon. And while that may yet happen, it hasn’t happened yet. In fact, the mortgage business just experienced its worst quarter in more than four years.
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  • Loan originator licensing rules are about to change: Here's what you need to know

    New LO licensing rules go into effect in November 2019
    It's about to get much easier for mortgage loan originators to switch jobs and continue originating mortgages without any license-related delays. Under the current rules of the SAFE Mortgage Licensing Act, an LO who moves between states or from a bank to a nonbank is required to wait for a new license before they can begin originating at their new job. But after a years-long push from the mortgage industry, those rules are about to change.
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  • [Pulse] What I learned interviewing over 100 of America's top loan originators

    The habits, attitudes and daily rituals that drive the country's top-performing LOs toward success
    It's been said, "success leaves clues." If we want to achieve a goal, there are others who've likely already achieved what we want and we can learn from them. In 2016, I began a journey to deconstruct the habits, routines and daily rituals of the country’s top performing mortgage loan originators. I discovered consistent attributes common among many of them, leading me to create this roadmap for success as a mortgage originator.
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  • Black Knight boosts origination system by acquiring Ernst Publishing

    Ernst’s capabilities will be integrated into Black Knight’s LOS
    Black Knight’s loan origination system is about to get an upgrade, as the company announced Tuesday that it acquired Ernst Publishing, a provider of technology and closing cost data for the real estate and mortgage finance industries and previous honoree as a HousingWire Tech100 winner.
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  • Hundreds of mortgage execs ask CFPB to change LO pay rules

    MBA members push for loan officers compensation change
    Almost 250 senior executives at some of the nation’s largest mortgage companies want the government to make changes to the rules surrounding how they’re allowed to pay their loan originators. Last week, the group of mortgage execs (organized by the Mortgage Bankers Association) sent a letter to the CFPB, calling on the bureau to change its Loan Originator Compensation rule.
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  • MBA: Multifamily and commercial loan originations on the rise

    Going into the back half of 2018, CRE is going strong
    Commercial and multifamily investment continues to show strong momentum going into the back half of 2018. According to a report from Mortgage Bankers Association, in the second quarter, commercial and multifamily mortgage loan originations rose by 4% year-over-year and soared past the first quarter with a 32% surge in originations.
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  • Quicken Loans reports lending growth in Q1, stays atop the leaderboard for the second consecutive quarter

    Quicken points to proprietary tech as a key driver in its growth
    Quicken Loans is feeling itself, announcing Wednesday that in the first quarter, for the second consecutive quarter, it has held onto the title of number one loan originator, posting a total of $20.5 billion in loan originations. This is a 5% jump year-over-year, and Quicken points to its proprietary tech as the wind in its sails.
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  • Loan officers should be able to answer this question in 30 seconds or less

    Ask yourself this: Why should borrowers do business with you over the competition?
    [Op-ed] Mortgage loan officers face a challenge this year: With mortgage interest rates on the rise, the pool of eligible rate/term refinance borrowers shrinks. As that side of the business is waning, loan officers must work harder to earn a borrower’s business. So, ask yourself this: Why should borrowers do business with you over the competition?
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