Motto Mortgage office (contributed photo).
Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6M Q4 net loss as rising rates dented home sales
by Matt Carter Feb 17
Regulators fire warning shot over bow of mortgage comparison sites
The Consumer Financial Protection Bureau said operators of mortgage comparison-shopping platforms may be violating RESPA if they manipulate search results to coerce kickbacks
by Matt Carter Feb 7
UWM rolls out 'one-time-close' new construction loan in time for spring
Buyers can put as little as 5% down when taking out a new construction loan, with 1 closing and an optional float-down to secure a lower interest rate, according to United Wholesale Mortgage
by Matt Carter Feb 6
After banner year, mortgage brokers seek more political clout
The Association of Independent Mortgage Experts, a trade group representing mortgage brokers, launched a PAC and more than doubled its spending on lobbying in 2022
by Matt Carter Dec 30
UWM overtakes Rocket Mortgage as biggest US lender after strong Q3
United Wholesale Mortgage says it's attracting not only homebuyers, but mortgage originators, by slashing rates and offering the latest technology to build market share
by Matt Carter Nov 4
Rocket courts correspondent lenders with tech tools
New branded client portal lets homebuyers apply for loans, review documents and e-sign disclosures and closing documents
by Matt Carter Oct 19
Finance of America exiting wholesale, correspondent lending
The Irving, Texas-based lender is also reportedly in negotiations to sell its retail mortgage division, which employs about 1,000 loan originators nationwide
by Matt Carter Oct 7
RE/MAX's Motto Mortgage named a top 'recession-proof' opportunity
As lenders pivot to serve homebuyers, RE/MAX franchisor's 'mortgage brokerage-in-a-box' also makes separate list of top franchise opportunities for Black entrepreneurs
by Matt Carter Sep 29
Mortgage lenders face heightened risk of income, property fraud
Risk of false W-2's, earnings statements and payroll checks up 27.3% during Q2 compared to a year ago, according to the latest CoreLogic Mortgage Fraud Report, released Monday
by Matt Carter Sep 13
United Wholesale Mortgage is gunning for retail rivals' customers
United Wholesale Mortgage, the nation's biggest wholesale mortgage lender, is slashing rates and urging retail loan officers to defect to independent mortgage brokerages
by Matt Carter Sep 7
Homebuyers can start loan apps with Google or Facebook credentials
Floify claims it's the first first major mortgage point-of-sale software provider to offer Single Sign-On (SSO) capabilities
by Matt Carter Jul 7
Rocket Mortgage's profits slip in Q3 as it pivots to lending to homebuyers
Nation's biggest mortgage lender growing partnerships with real estate agents, mortgage brokers, banks, and credit unions
by Matt Carter Nov 5
How mortgage lenders are preparing for the end of the refi boom
Top priorities: Improve the loan origination process, hire more loan officers, and partner with builders and real estate agents
by Matt Carter Jul 12
The top 10 independent mortgage brokers gaining market share
Mortgage brokers claimed more than 20 percent of market share for the first time in over a decade this January, and these companies are leading the charge
by Matt Carter Apr 13
Real estate agents: Stop advertising mortgage rates
Given the recent volatility with mortgage interest rates, real estate agents need to remember best practices in regards to advertising, which can include posting about rates on social media. Here are a few things to keep in mind so that you don't get yourself in trouble
by Jillayne Schlicke Mar 12