Mortgage brokers

The changes include a relationship tracking engine that details interactions between real estate agents and mortgage brokers.

The system is being rolled out to Motto Mortgage franchisees first and then to the broader mortgage broker market in January.

The gain reinforces other estimates that suggest more work-intensive purchase originations have spurred companies to increase staffing. Hiring addressing changing needs in servicing may come next.

The company, OriginPoint, brings together two enterprises active in the jumbo-homes space.

The New York-based lender projects it has a $3.6 trillion market opportunity outside of the U.S.

The plateau in non-depository estimates for new jobs in the field reported Friday follows anecdotal accounts of reorganization by banks and nonbanks in the past week.

Even though volumes are expected to taper from 2020’s record highs, lenders plan to take on more employees in 2021, according to the Mortgage Bankers Association and McLagan Data.

The more gradual upward drift in job numbers this year may hint at a slight softening in the market that analysts have flagged.

Despite a 1Q decline in origination volume, Chairman Mat Ishbia is optimistic for the second quarter, saying the company received 17,000 more submissions in April's higher interest rate environment than it had in February.

What may be a victory in UWM founder Mat Ishbia's eyes is a loss for borrowers, brokers and the free market in the long term, writes the co-founder of CASE, Consumer Action for a Strong Economy.