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Loan Officer

loanDepot challenges class-action suit tied to LO comp rules, steering

HWmember, Lawsuit, Legal, LendingLife, Loan Officer, loanDepot, Maryland, Mortgage /

loanDepot has filed a motion to dismiss a class-action lawsuit in Maryland alleging violations of loan officer (LO) compensation rules and borrower steering, arguing the plaintiffs failed to show they suffered a “concrete injury.” The lawsuit, filed in July by five borrowers who obtained mortgages from 2019 to 2021, claims loanDepot engaged in a “sophisticated, […]

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Interlinc Mortgage adds Gary Royal as Southeast sales manager

Georgia, HWmember, Lenders, LendingLife, Loan Officer, Mortgage, People Movers, Team Leaders /

Interlinc Mortgage announced Wednesday that Gary Royal has joined the company as its Southeast regional sales manager. Royal has nearly 40 years of mortgage industry experience and “brings a proven track record of leadership, growth, and team development across multiple markets,” Interlinc said in a press release. Royal, who is based in Georgia, will lead

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Non-QM lender Griffin Funding unveils AI-driven underwriting platform

Artificial Intelligence, Griffin Funding, HWmember, LendingLife, Loan Officer, Mortgage, Non-QM, Origination, Technology, Underwriting /

Griffin Funding has launched an internal artificial intelligence-driven platform designed to help loan officers navigate the complex world of non-QM lending. The tool, known internally as “LIA,” pulls hundreds of pages of program guidelines into a single system and uses AI to deliver tailored answers to loan qualification questions, according to Chloe Shubin, vice president

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The loan officer’s job is gone, but the Mortgage Advisor’s job is here to stay

Contributors, HWmember, Loan Officer, Opinion /

For decades, the mortgage industry trained us to believe our job as loan officers was clear and defined. A family or individual decided to buy a home, they came to us, and we stepped in to help them finance it. The process was straightforward: get them pre-approved, explain the numbers, shepherd the loan through closing

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HOME launches bilingual learning system and AI-powered wholesale search tool

Artificial Intelligence, Hispanic homeownership, HWmember, LendingLife, Loan Officer, Mortgage, Origination, Wholesale Lending /

The Hispanic Organization of Mortgage Experts (HOME) on Tuesday announced the launch of what it claims to be the mortgage industry’s first bilingual learning management system (LMS), HOME Certified, powered by Twiz.io. The organization also introduced Wholesale Search, an AI-powered tool built on ChatGPT that takes mere seconds to match borrowers with lenders who offer

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As reverse mortgage demand grows, lenders may need more personnel

Continuing Education, HWmember, Loan Officer, Longbridge Financial, Reverse, Reverse Mortgage Daily, Reverse Mortgage Marketing and Sales Training /

Consumer demand for reverse mortgage products is expected to rise as the population ages more quickly. According to estimates from Business Research Insights, the global market is currently valued at $2 billion and could reach $3.2 billion by 2033. More business is likely to push reverse mortgage companies to grow their employee headcounts. But like

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Future unveils Alpha, an in-house AI mortgage system

Artificial Intelligence, HWmember, Lenders, LendingLife, Loan Officer, Mortgage, Mortgage Broker, Origination, Technology, Underwriting /

A small fish in the pond of fintech-focused mortgage companies is trying to race to the front in the artificial intelligence arms race. And it’s not using a typical ChatGPT-style program either. Future Technologies CEO Blake Bianchi announced on Thursday that the company is launching a full-stack, proprietary AI system that promises to automate the

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NEXA Mortgage hires Eric Mitchell to help boost LO count

HWmember, Loan Officer, Mortgage, Mortgage Broker, NEXA Mortgage, People Movers, Team Leaders /

In its quest to bring its loan officer count up to 5,000, NEXA Mortgage announced Thursday that it has brought on Eric Mitchell to assist with its goal. Mitchell will serve as a “key hire” recruiting partner for NEXA, newly appointed chief operating officer Jason duPont said in an interview with HousingWire. “We have [an

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The top 10 reverse mortgage LOs in the country

Finance of America, HECM, HWmember, Loan Officer, Mortgage, Movement Mortgage, Mutual of Omaha Mortgage, PHH Mortgage Corp, Reverse /

On Wednesday, Reverse Mortgage Daily (RMD) brought you a ranking of the top five reverse mortgage loan originators in America. Today, we’ll round out the rest of the top 10 based on data from mortgage recruiting software provider Modex. #6: Jacob Flax, Caliver Beach Mortgage, $76.17 million The third member of the Caliver Beach Mortgage

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Meet the top 5 reverse mortgage originators in America

California, Finance of America, HECM, HWmember, Loan Officer, Nationwide Equities, Origination, Reverse /

Over the past 12 months, Jason Stultz of Caliver Beach Mortgage has been on quite a hot streak. The Maryland-based mortgage broker has originated roughly $193 million in reverse mortgages in that time — easily the most production of any LO in the industry, according to mortgage data platform Modex. Per Modex, a significant chunk

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