loan officer - Real Estate Investor Pulse

AI will be a supercharger for loan officers: Blend CEO

May 31, 2023 Mark Paul Cervantes Comments Off

Artificial intelligence (AI) is a buzzword in virtually every industry right now. And, in the mortgage industry, AI will play an instrumental role in helping loan officers to be more efficient, according to Nima Ghamsari, […]

Former Guaranteed Rate SVP Ravi Patel and team join UMortgage

March 15, 2023 Mark Paul Cervantes Comments Off

Ravi Patel, a top loan officer and former senior vice president of mortgage lending at Guaranteed Rate, and his team, have moved to UMortgage, according to a statement issued on Monday. “Winners in this industry […]

Rocket lost money last year, so why are its shares up?

February 25, 2024 Comments Off

Rocket Companies, the parent of Rocket Mortgage, lost money in 2023, but executives have expressed confidence about a big turnaround by touting investment in artificial intelligence (AI) to accelerate the company’s profitability. Despite reporting […]

Industry experts are closely watching delinquency rates, insurance costs

February 25, 2024 Comments Off

Mortgage servicers, regulators and economists are closely watching the delinquency rates for Federal Housing Administration (FHA) loans following a spike in the fourth quarter of 2023. Industry experts say that although there’s a correlation […]

Jobs data sends mortgage rates higher

February 3, 2024 Comments Off

Today we got a jobs Friday hat trick! Better headline jobs were reported, with positive revisions and more robust wage growth, which caught bond traders off guard and sent bond yields and mortgage rates […]