by mdibrino@hqmloans.com | Mar 28, 2023 | Uncategorized
“We know there is fear and uncertainty among our employees during a market like this,” said Fairway chief HR officer Julie Fry. “For Fairway to get behind its employees and offer this premium training at such a greatly reduced fee is a big lift and...
by mdibrino@hqmloans.com | Mar 27, 2023 | Uncategorized
And then there’s the ARMs snapshot: “They also have a huge exposure to ARMs,” Sykes said. “They have 40% of their mortgage business in 7/1 ARMs and 25% in 5/1 ARMs.” Overall, the effect of inflation is part of the mix too as many secure their funds, Sykes noted. “As...
by mdibrino@hqmloans.com | Mar 27, 2023 | Uncategorized
Key to the success of the changed focus is a strong database, he said. “That’s another huge thing,” he said. The company’s branding, coupled with a continually updated database have helped navigate through the choppy waters: “And treating people like family has...
by mdibrino@hqmloans.com | Mar 27, 2023 | Uncategorized
While not expecting a repeat of the 2008 Financial Crisis, the ESR Group believes the ongoing banking instability may affect jumbo mortgages and residential construction loans. Nevertheless, the housing sector is expected to moderate any future recession due to...
by mdibrino@hqmloans.com | Mar 27, 2023 | Uncategorized
In an industry as competitive as mortgage lending, what sets top performers apart from the rest? For Colina Mortgage’s top producer Rick Garcia, who originated $30 million in loan volume in 2022, it’s all about the basics: studying and knowing guidelines,...
