Wells Fargo reports lower GOS and origination volume in Q4

Wells Fargo originated $48.1 billion worth of mortgages in the fourth quarter, down from $51.9 billion in the previous quarter. The bank’s mortgage lending gain on sale margin — the earnings stemming from its originations — tumbled from 204.5 basis points in the third quarter … Continue readingWells Fargo reports lower GOS and origination volume in Q4

Wells Fargo reports lower GOS and origination volume in Q4

Wells Fargo originated $48.1 billion worth of mortgages in the fourth quarter, down from $51.9 billion in the previous quarter. The bank’s mortgage lending gain on sale margin — the earnings stemming from its originations — tumbled from 204.5 basis points in the third quarter … Continue readingWells Fargo reports lower GOS and origination volume in Q4

Lunch & Learn : The Role of Appraisers in the Future of Valuation

https://content.jwplatform.com/libraries/5xQXXB63.js if(typeof(jQuery)==”function”){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer(‘jwplayer_DdC7ZV90_5xQXXB63_div’).setup( {“playlist”:”https://content.jwplatform.com/feeds/DdC7ZV90.json”,”ph”:2} ); Hosted by Accurate Group Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges … Continue readingLunch & Learn : The Role of Appraisers in the Future of Valuation

Lunch & Learn : The Role of Appraisers in the Future of Valuation

https://content.jwplatform.com/libraries/5xQXXB63.js if(typeof(jQuery)==”function”){(function($){$.fn.fitVids=function(){}})(jQuery)}; jwplayer(‘jwplayer_DdC7ZV90_5xQXXB63_div’).setup( {“playlist”:”https://content.jwplatform.com/feeds/DdC7ZV90.json”,”ph”:2} ); Hosted by Accurate Group Collateral valuation is a critical component of mortgage lending and the home sales process. During the course of the pandemic, mortgage professionals have seen origination volumes for refi and purchase skyrocket as they have simultaneously faced challenges … Continue readingLunch & Learn : The Role of Appraisers in the Future of Valuation

CEO Matt Widdows pushes HomeSmart toward IPO

HomeSmart is a growing real estate brokerage that may go public, but the company faces questions about its business model and the compensation of founder and CEO Matt Widdows. Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage in the country by transaction … Continue readingCEO Matt Widdows pushes HomeSmart toward IPO

Here are 7 trends to watch in the 2022 appraisal market

The tides of the mortgage industry are changing as we head into 2022, and just like the sand under the waves, we can expect the appraisal landscape to shift along with it. Appraisers, like many other service providers, must adapt to market changes to accommodate … Continue readingHere are 7 trends to watch in the 2022 appraisal market

Non-QM lenders hunt for LOs as consumer-direct model falters

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According to Evan Kidwell, chief operating … Continue readingNon-QM lenders hunt for LOs as consumer-direct model falters

Non-QM lenders hunt for LOs as consumer-direct model falters

While layoffs sweep the mortgage industry, particularly consumer-direct lenders, non-qualified mortgage (non-QM) lenders are going on a hiring spree. Non-QM lenders Angel Oak Mortgage, Acra Lending and Newfi alone currently have at least 130 openings on jobs listings sites. According to Evan Kidwell, chief operating … Continue readingNon-QM lenders hunt for LOs as consumer-direct model falters