Truist puts former Keller Williams exec in charge of home loans

David Smith will oversee Truist’s direct, correspondent and warehouse mortgage channels as well as servicing for more than 1.2 million homeowners. Continue reading

Keller Williams offloads mortgage division to Mutual of Omaha

Mutual of Omaha Mortgage has acquired Keller Mortgage for an undisclosed amount, according to an announcement on Monday. Keller Williams will retain an ownership stake in the company. Continue reading

Motto Mortgage opened offices at a record pace in 2022 as sales slowed

Double-digit growth in open offices was a bright spot for parent company RE/MAX Holdings, which reported a $2.6 million fourth-quarter net loss. Continue reading

The biggest mortgage, lending and housing finance stories of 2022

The industry dodged a meltdown, but skyrocketing mortgage rates fueled a rush to “right size” and helped crown a new leader in mortgage lending. Continue reading

Real estate in 2022: When the #@!$ finally hit the fan

Soaring mortgage rates, slagging sales, thousands and thousands of layoffs: The past 12 months have offered a jarring reminder that what goes up must come down. Continue reading

Keller Williams mortgage exec leaves after less than 2 years

Dave Smith joined Keller Williams in 2021. He presided over the firm’s lending efforts during a period of increasing difficulty for the mortgage business. Continue reading

Keller Mortgage implements third round of layoffs in past 12 months

Keller Williams’ lending arm is advertising seven positions online including openings for an area sales manager, an “elite loan officer” and four local loan officers. Continue reading

Fourth round of layoffs hits Keller Williams ahead of Mega Camp

Keller Williams laid off 23 staff members on Thursday, making it the fourth round of layoffs since October 2021. The layoffs come as the franchisor braces for a choppier market. Continue reading

Keller Mortgage taps Mortgage Coach to convert more leads

After conducting two rounds of layoffs, Keller Williams’ lending arm looks to grow its business by making a popular lead conversion tool available to all of its loan officers. Continue reading

The best and worst ways to handle layoffs as real estate cuts accelerate

The housing industry has shed thousands of jobs recently, and more cuts may be in store. But some companies are handling the situation better than others. Continue reading