loanDepot Introduces New LO Training For VA Loans

loanDepot introduced a new training resource for loan officers interested in expanding their knowledge of VA loans. The “VA Loan Officers Master Class” was designed to help LOs navigate the important and specialized world of veterans’ loans. VA loans offer huge benefits for America’s armed forces but can be difficult to close. Lenders working with veterans need a deep knowledge of the requirements for these loans, which differ from conventional loans in everything from documentation to the appraisal process. Lack of understanding creates unnecessary roadblocks for veterans in the housing market, according to Jenny Wemert of Wemert Group Realty. “There’s too many stigmas attached to a VA mortgage that aren’t really realistic,” she told Spectrum News. The VA Loan Officers…

Survey: Only 3 In 10 Veterans Know About Zero Down Payment Benefit

By KIMBERLEY HAAS Veterans are encouraged to learn more about their home loan benefits after a national survey found that a majority of former service members do not know they are eligible for a zero-down payment plan. According to information from Realtor.com, just three out of 10 veterans know they can use their VA benefits to buy a home with no money down. That statistic comes from a survey conducted last month. “VA home loans offer many benefits, especially at times like this when affordability is such a major factor in home purchase decisions. Yet only a small portion of eligible veterans are tapping into the financial benefits they deserve for their service,” Damian Eales, CEO at Realtor.com, said in…

David Smith To Lead VA Lending At loanDepot

David Smith has been promoted to Vice President of National VA Lending at loanDepot, company leaders announced. In this newly created role, Smither will spearhead loanDepot’s VA lending strategy, including outreach to both the military community and industry pros to promote knowledge of VA mortgage products.  He will specifically lead the company’s VA Council, a group of originators who specialize in lending for active military personnel and veterans alike. Smith has trained more than 28,000 real estate agents and consumers on the benefits of VA home loans. “As a purpose-driven lender, loanDepot is incredibly proud to make the dream of homeownership a reality for thousands of military families each year,” said LDI Mortgage President Jeff Walsh. “We’ve developed a core…

David Smith Named Head Of Truist Mortgage

David Smith has been named head of Truist Mortgage, Truist Financial Corp. announced in a press release. Smith will replace Todd Chamberlain, who will retire effective July 31. He will assist in Smith’s transition. In his new role, Smith will spearhead strategy and execution for all areas of mortgage lending, including originations, fulfillment, correspondent and warehouse lending, and directing channels. He reports to Chief Retail and Small Business Banking Officer Dontá Wilson. “David’s experience and accomplishments as a leader in the mortgage industry position Truist to reimagine the future of Truist Mortgage for our clients,” Wilson said. “As we mark David’s installment as a leader, I want to also express my gratitude for Todd Chamberlain’s leadership to help make the…