The side hustle

Some of you work so many hours that a side hustle is all but out of the question. Others have made their side hustle part of their job, a networking strategy they use to gin up new business.

Good afternoon! Was this newsletter forwarded to you? Sign up here. Hello, LOs! Some of you work so many hours that a side hustle is all but out of the question. Others have made their side hustle part of their job, a networking strategy they use to gin up new business.    Last week I spoke to an LO who works at a top 15 retail lender in Southern California by day, and on some nights and weekends works at a brewery, where he bartends and leads tour groups.    About 20% of his business has come from people he met while at the brewery, he said.    LOs – what side hustles do you have? Does it help your business as an LO? Does your lender/broker care about your side hustle? Let me know by emailing me at jkleimann@housingwire.com.    James Kleimann Managing Editor, HousingWire Bye, bye refi: Purchase mortgage apps overtake refis Mortgage The mortgage industry has entered a purchase era, with refinance applications declining below 50% of the mix for the first time since June 2019. Get Live Access to Underwriting Managers with Pennymac TPO We believe the road to greatness is paved with dedicated support. As a Pennymac TPO Partner, our Credit Solutions Team is standing by to help you quickly solve any underwriting issues throughout the loan process. Click here to learn more or sign up today! Sponsored by Pennymac Why 2022 could open more opportunities for subservicing Presented by Selene Finance With production volumes flattening out and non-QM originations increasing, the need for originators to focus resources and cost on the front end of the business could lead to more subservicing opportunities. A look behind this year's Tech100 winners Awards, Fintech, Mortgage, Real Estate, HW+ Exclusive Content Giving an inside look at this year's Tech100 winners, HW Media CEO Clayton Collins said, "But ultimately, efficient mortgage lending and real estate sales is what is most important to a healthy housing market. We must innovate. We must become more efficient. Homeowners deserve it. Our economy deserves it. Progress demands it." UWM's profits fall 54% in 2021 despite record production Mortgage, HW+ Exclusive Content UWM reported $1.56 billion in profits in 2021, down nearly 54% from the $3.38 billion made in 2020. The lender is forecasting Q1 originations between $33B and $42B. HousingWire, 433 East Las Colinas Blvd., Suite 830, Irving, TX 75039 Manage preferences

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