HW+ provides career-making insights and analysis for those in Mortgage, Real Estate and FinTech. This long-form digital content provides members with news nowhere else and digs deeper into the “why” behind the daily news cycle. To join the HW+ community, click here.
DOJ to investigate Letitia James over mortgage fraud
New York AG Tish James is the target of a criminal investigation related to mortgage fraud, following a referral by FHFA Director Bill Pulte.
Smarter leads, lower costs: Agentic AI’s impact on loan officer efficiency
The expense associated with originating mortgage loans has been escalating, with the current average cost approximating $11,600 per loan. A substantial component of this expense is attributed to Loan Officer Compensation (LO Comp), which typically constitutes 1% to 2% of the loan amount and represents nearly half of the total origination cost. This heightened compensation framework is primarily propelled by the considerable cost of lead acquisition, further aggravated by the lower conversion rate of leads.
Robert Reffkin on Compass’s pre-marketing strategy: What’s the downside?
Compass’s market share has peaked, rising from 4.47% a year ago to 6% at the end of March, while its principal agent count jumped to 20,656.
FHA borrowers are getting hammered by rising rates
A huge uptick in mortgage rates have cut pre-approvals for FHA borrowers significantly in recent weeks. With home prices still climbing, they are facing an unbelievably cruel market.
HW+ Member Spotlight: Daniella Casseres
Daniella Casseres, a partner at Mitchell Sandler, shares the one thing she would change when it comes to housing regulation. As a preview, it applies to loan compensation.
Finance of America’s Patti Cook reflects on 45 years in the industry
Finance of America CEO Patti Cook recently announced her retirement after a successful career in finance that spanned 45 years. HousingWire sat down with this Woman of Influence winner to find out some of the important lessons she learned along the way.
