Another metric to determine who is a Top Producer is to look at their loan count. Some observers have noted that a dollar volume measuring stick rewards those that have high average loan balances.
A loan officer from areas where home prices are below the national average can actually be more productive than their counterparts in metros with higher values.
While the No. 1 originator by dollar volume, Shant Banosian of Guaranteed Rate, was also tops by units, the activity of others on this listing bears out the above. For example, Jaclyn Litton of Litton Mortgage, located in Shreveport, Louisiana, ranked 42nd on the dollar listing but 14th in terms of loans originated.
Below, the 50 mortgage loan originators by units produced in 2023:
The San Diego company was back in the black with a net income of $28.5 million in the first quarter of 2024, up from a net loss of $93 million the previous quarter.
The agreements at the heart of the hearing did not cover the one reached with the National Association of Realtors or those people that only bought homes.
Fannie Mae's tool, used by originators to determine income levels for self-employed borrowers, aims to help them avoid potential underwriting errors, the government-sponsored enterprise said.
The home purchase market right now is healthier than it was last year, said CEO Mat Ishbia, noting a 24% increase in volume over the recent period compared to Q1 2023.
