DHI Mortgage, Fee and CrossCountry Mortgage ranked as greatest employers of top-producing Latino mortgage originators by the Nationwide Affiliation of Hispanic Actual Property Professionals (NAHREP)
Whether or not it’s refining your enterprise mannequin, mastering new applied sciences, or discovering methods to capitalize on the following market surge, Inman Join New York will put together you to take daring steps ahead. The Subsequent Chapter is about to start. Be a part of it. Be a part of us and hundreds of actual property leaders Jan. 22-24, 2025.
Chicago-based mortgage lender Fee says it’s reaping the advantages of a platform that takes debtors from utility to shut in Spanish, having accepted greater than 10,000 functions en Español since launching its Language Entry Program in 2022.
Fee — the “doing business as” title of Assured Fee Inc. for the reason that firm rebranded in July — has additionally tripled the variety of Latino mortgage officers it employs, to 245, the corporate mentioned Thursday.
Fee sponsors 2,074 mortgage mortgage originators figuring out of 476 department places of work and its three way partnership with Wherever Actual Property, Assured Fee Affinity, has 456 mortgage originators and 252 branches, based on information maintained by the Nationwide Mortgage Licensing System (NMLS).
Victor Ciardelli
“Our deep commitment to the Latino community is core to our culture,” Fee CEO Victor Ciardelli mentioned in a assertion. “We didn’t just build a technology-forward Spanish-language digital platform; we built a platform of trust for the Spanish-speaking people using it.”
Fee was ranked as one of many greatest employers of top-producing Latino mortgage originators in June by the Nationwide Affiliation of Hispanic Actual Property Professionals (NAHREP).
The 250 top-producing Latino mortgage originators tracked by NAHREP originated $11.2 billion in mortgages final yr. Amongst that group, 52 labored for DHI Mortgage, 19 for Fee, and 14 for CrossCountry Mortgage.
High 10 Latino mortgage originators by transactions:
- Norma Guerrero Cowes, DHI Mortgage, Austin, Texas (362 transactions totaling $121.9 million)
- Armando SanMiguel, Ameris Financial institution, Franklin, Tennessee (360 transactions totaling $130.7 million)
- Megan Cloud, V.I.P. Unbiased Mortgage, Inc., San Antonio, Texas (338 transactions totaling $106.6 million)
- Patricia Martinez, DHI Mortgage, San Antonio, Texas, (318 transactions totaling $95.1 million)
- Lorena Estorga, DHI Mortgage, San Antonio, Texas (310 transactions totaling $96.2 million)
- Alex Garcia, DHI Mortgage, San Antonio, Texas (289 transactions totaling $91.5 million)
- Pedro Garcia Jr., DHI Mortgage, Richmond, Texas (288 transactions totaling $87.7 million)
- Miguel Mouriz, New American Funding, Orlando, Florida (285 transactions totaling $101.1 million)
- Mario Cerrato, loanDepot, Pembroke Pines, Florida (281 transactions totaling $56.1 million)
- Victoria Guedez, DHI Mortgage, Richmond, Texas (276 transactions totaling $75.7 million)
The High 250 Latino mortgage originators will likely be honored this week at NAHREP’s L’ATTITUDE 2024 Convention in San Diego.
CrossCountry Mortgage (CCM), which claims to be the nation’s largest retail mortgage lender, sponsors 4,184 mortgage mortgage originators figuring out of 710 department places, based on NMLS information. This yr, CCM expanded its assist for Latino homebuyers via new instruments and neighborhood partnerships, together with the power to toggle forwards and backwards between English and Spanish on the corporate’s web site.
A NAHREP accomplice, CCM launched a Spanish mortgage utility course of final yr, together with instructional instruments and translation providers. The corporate can also be supporting efforts to determine a NAHREP chapter in Cleveland, Ohio, the place CCM is headquartered.
Eric Wilson
“Our goal is to be a trusted resource in the Hispanic community by providing solutions and resources that generate borrower confidence,” CCM Chief Advertising and marketing Officer Eric Wilson mentioned in a assertion. “We have hundreds of loan officers with deep roots in the community. It’s our hope that by providing tools such as our Spanish loan application and translated website for Spanish-speaking borrowers we can continue to create a path for all borrowers to achieve homeownership.”
DHI Mortgage — homebuilder D.R. Horton Inc.’s mortgage affiliate — can also be a NAHREP accomplice and presents a mortgage touchdown web page for Spanish-speaking clients.
Primarily based in Austin, Texas, DHI Mortgage sponsors 775 mortgage mortgage originators figuring out of 261 department places, based on NMLS information.
In its most up-to-date annual report to traders, D.R. Horton mentioned DHI Mortgage originated or brokered 63,135 mortgages within the fiscal yr ending Sept. 30, 2023, up 8 % from the yr earlier than. Greater than three out of 4 houses offered by D.R. Horton (76 %) throughout fiscal yr 2023 had been financed by DHI Mortgage, up from 69 % the yr earlier than.
“This increase reflects DHI Mortgage’s ongoing efforts to align their business with our homebuilding operations by offering competitive products and pricing,” D.R. Horton reported.
Through the 9 months ending June 30, 2024, DHI Mortgage improved its seize charge, financing 79 % of all D.R. Horton residence gross sales, the corporate mentioned in its most up-to-date quarterly earnings report.
Most of D.R. Horton’s homebuilding divisions additionally work with different mortgage lenders, the corporate mentioned.
Get Inman’s Mortgage Temporary Publication delivered proper to your inbox. A weekly roundup of all the largest information on the planet of mortgages and closings delivered each Wednesday. Click on right here to subscribe.
