Nation's Top-Producing LO
The loan officer who originated the most volume last year reported more than a quarter billion dollars in mortgage production. But he closed around half as many loans as the top producer in 2010.
Christopher Vincent Hussain reported that he closed 653 loans for $253.7 million during 2011.
That was more than any of the other 800 top producers surveyed by Scotsman Guide for the 2011 ranking.
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LOs Recruited at Brisk Pace
Loan originators are often approached about joining another organization, some as often as every month, according to a survey of mortgage salespeople. Regulation and legislation are seen as challenges for 2012.
Forecast for Top Originators
Top mortgage producers will be on the move this year seeking mortgage companies that have the most to offer for their own originations. This group is concerned with potential employers' strong leadership teams and capital positions.
Time to Plan for 2012 Conferences
Several upcoming mortgage conferences and meetings will deal with compliance, sales and technology, among other issues. Nearly two dozen events are planned so far for March.
Biggest Mortgage News of 2011
Mortgage lawsuits, executive compensation and actions against government mortgage lenders were all subjects that were among Mortgage Daily's 10-biggest stories of 2011. The loan originator compensation rule was the topic of three of last year's blockbuster articles. But it was a story about top-selling loan originators that grabbed the most attention.
Best Practices for Expanding Mortgage Originations
Several resources are available to help mortgage loan originators increase their production. In addition, a number of practices can generate business to varying degrees. But some resources and strategies are more productive than others, and originators can spend much time sifting through them.
Best Mortgage Originators
A survey of borrowers who recently closed on a new mortgage finds that mortgage bankers are doing a better job of taking care of their customers. The report also identified which lenders ranked highest.
Secrets of Mega-Producing Loan Originators
A survey of the nation's top-producing loan originators found that three elements of customer satisfaction are most important. The male-dominated group manages to maintain high levels of production despite frustration with growing regulatory requirements.
34 Events Scheduled for September
While compliance continues to be a key topic of discussion at mortgage industry events, some conferences are tackling business plans for loan originations, technology-related issues and client development. September is shaping up to be a busy month, with nearly three dozen events scheduled so far.
Study IDs Successful Originator Traits
A new report takes a look at the practices used by high-volume originators. This elite group spends more time on customer acquisition, is well-informed and relies heavily on trade publications.