Home Point doubling down on brokers in the mortgage industry

Home Point to double down on brokers going forward

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

The sale of its correspondent business to Planet Home Lending, divestment in a reverse mortgage lender, Longbridge Financial, and the outsourcing of mortgage servicing rights all reinforce its focus on wholesale, company management said.

Home Point First Quarter Earnings Down Significantly

nationalmortgageprofessional nationalmortgageprof... | 1 year ago

Home Point Capital, parent company of Home Point Financial Corp., reported first quarter net income Thursday of $11.9 million, a more than 90% drop from the $149 million reported a year ago. The mortgage lender’s total loan originations were also down from $29.4 billion a year ago to $12.5 billion in the first quarter. Total revenue in the origination segment was also down to $72.8 million, compared to $346.6 million in the first quarter of 2021 and $102.9 million in the fourth quarter of 2021...

Mr. Cooper's earnings slide from Q1 but benefit from servicing

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Mr. Cooper's second quarter profits, which marked big declines from both the same quarter in 2021 and the previous period this year, were heavily driven by a $196 million positive mark-to-market valuation on its mortgage servicing rights.As predicted, earnings in both its servicing and originations segments were down compared with the year-ago period."The quarter was consistent with our expectations and…our results demonstrated the consistency and predictability of our business model," Chairm...

Double Closing: Breaking Down A Unique Wholesale Strategy

fortunebuilders fortunebuilders | 2 years ago

Truly great wholesalers are smart enough not to entertain a deal without a proper exit strategy in place. To that end, the most prolific wholesalers of our time are always one step ahead; they know impending wholesale deals require not only one exit strategy but two. The ability to exercise multiple closing options at any... View Article The post Double Closing: Breaking Down A Unique Wholesale Strategy appeared first on FortuneBuilders.

How to Double Down on Lead Generation in the Age of COVID-19 w/Michael Hellickson

mcdanielrealestatesystems mcdanielrealestatesy... | 4 years ago

We’re living in strange times, and a lot of agents are beginning to worry about their livelihoods, but this is the moment we should really be doubling down on lead generation. Why do we need to make the most of our time in isolation? Is it possible to generate leads while the world is battling a pandemic? In this episode, Founder and CEO of Club Wealth®️ Coaching and Consulting, Michael Hellickson, shares why we should be doubling down on lead generation and how to do it. Takeaways + T...

Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings

housingwire housingwire | 1 year ago

Dallas-based Mr. Cooper reported increased operating earnings despite severe headwinds on origination demand. The post Mr. Cooper’s Q3 reports $113M in Q3 profits buoyed by servicing earnings appeared first on HousingWire.

Ocwen earnings down amid higher rates, spreads

housingwire housingwire | 1 year ago

Ocwen's net income fell to $10 million in Q2, though CEO Glen Messina insists that the current stock price is not reflective of company value. The post Ocwen earnings down amid higher rates, spreads appeared first on HousingWire.

Real Estate Uncensored - Real Estate Sales & Marketing Training Podcast: Time to Double Down

mcdanielrealestatesystems mcdanielrealestatesy... | 1 year ago

Even though we’ve had a good run in the real estate market, we’re starting to see signs of a slow-down. The agents who will survive a shift are preparing right now, but what exactly do we need to be doing? How do we brace ourselves for a dip? In this episode, Coach Hank Avink is back and we talk about why we need to be doubling down on our efforts for the next 3 to 6 months. Things You’ll Learn in This Episode: Why seasonality is a factor we should be considering Signs of slow down...

Lower mortgage volume drives title earnings down, Doma layoffs

In-depth analysis, data and st... In-depth analysis, d... | 1 year ago

Only Stewart reported a quarter-to-quarter increase in net income, while upstart Doma is reducing headcount by 15%.

Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against originat...

housingwire housingwire | 1 year ago

Origination volume dropped in Q1 but banks and non-bank lenders that sold off mortgage servicing rights saw the highest profits, earnings. The post Snapshot of lenders’ Q1 earnings: Profitable players leverage servicing portfolio against origination drop appeared first on HousingWire.

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Home Point to double down on brokers going forward

Home Point to double down on brokers going forward