Mortgage brokers

As mortgage brokers gain market share, tensions over channel conflict resurface, pushing some lenders to rethink how they balance wholesale, retail, and correspondent lines.

Mortgage brokers say hurdles more pressing than a high interest rate environment range from nationwide inventory shortages to property tax increases.

Atlantic Trust Mortgage was recently dealt another legal blow after a federal judge in Michigan refused to dismiss UWM's All-In lawsuit against the brokerage.

David Spector, the firm's CEO, touted Pennymac's technology, consistency and support for the broker channel.

Starting April 22, mortgage brokers will be able to access Rocket Pro's loan pricing, interest rates and product eligibility, the company announced.

The move comes three months after Katie Sweeney, former BAC CEO, announced she would be stepping into an executive advocacy role for Rocket's Pro channel.

Stakeholders predict the future of homebuying will offer two distinct paths: an all-in-one bundle from companies like Rocket Mortgage and the traditional, local homebuying experience.

The real estate company's latest move leverages artificial intelligence to optimize and simplify the entire home-buying journey for consumers.

Artificial intelligence makes it easy to customize messages and look at loan options but it can present problems if guidelines are overlooked.

Neil Bader once headed up a company that was one of, if not the, largest mortgage brokerage in the 1990s. His career has covered the various shifts in how the business is done.

The president of the National Association of Mortgage Brokers shares her outlook for the trigger lead bill, secondary-market refinancing restrictions and more.

The new threshold comes months ahead of the Federal Housing Finance Agency's formal announcement.

The lender claims it's been the first player in the industry to raise the threshold for three years in a row.

Realpha, which currently does business in 20 Florida counties using its AI agent, is buying Be My Neighbor, a mortgage broker active in 26 states.

The scam involves unlicensed lenders offering phony warehouse lines of credit that have led to monetary losses in the thousands and the compromise of confidential borrower information.

Sluggish gain-on-sale margins however were the result of competitive pricing in the market, the company said.

United Wholesale Mortgage has introduced a product dubbed Govy125, a 125 basis points incentive on any note rate for VA IRRRLS and non-credit qualifying FHA streamlines.

Out of the 275 basis points received on a loan, NEXA says 220 will go to its LOs and 55 will go to an expense account. To stay in the program, you must recruit at least one loan officer to join the company.

Michael Saleh, former senior vice president at Rocket, opened up Zoom Home Lending in early June.

The Federal Housing Administration floated a mortgagee letter that increases a funding entity's responsibility for the actions of correspondents or brokers.