Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 399

Business Mortgage Loan Officers Inventory 399

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 370

Buyers Agents Loan Officers Real Estate 370

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Kim: What helped you become the top producing broker in 2022?

Marketing 308

Marketing Mortgage Inventory Loan Officers 308

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. Tozer suggested “a fee of 1.3%

Mortgage 359

Mortgage Loan Officers Government Buyers 359

Appraisal Buzz

OCTOBER 3, 2022

According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

JULY 25, 2023

My customer is the real estate agent. Loan officers — myself included — need to strengthen their mindset. MW: In 2022, my team and I created a mantra. MW: As far as the inventory levels go, this is something that I’ve been focusing on and specializing in for years. Because, as an originator, my No.

Real Estate Agent 245

Real Estate Agent Mortgage Real Estate Training 245

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based In 2022, only 7.6% of purchase loans that Fannie Mae closed were above 95% LTV, according to the Urban Institute.

Loan Officers 326

Loan Officers Insurance Mortgage Real Estate Agent 326

Housing Wire

AUGUST 16, 2023

over that same period but 25% below the volume of July 2022. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change. Ishbia says 2022 and 2023 are the grind-it-out years and 2024 will be a bit better.

Retail 319

Retail Real Estate Agent Business Mortgage 319

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. As the market has shifted, however, with mortgage rates rising in 2022 faster than forecast and lenders quickly cutting costs, some tech providers now are left vulnerable.

Mortgage 327

Mortgage Technology Loan Officers Investing 327

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. In March 2022, the median list price of a home was up 21.4%

Housing Market 313

Housing Market Marketing Real Estate Real Estate Agent 313

Housing Wire

DECEMBER 30, 2022

Krichmar, whose $100 million-plus origination volume in 2022 consisted of 77% purchase loans, expects LOs to be working longer hours to find referral partners, trying to close loans faster than the others and diversifying their mortgage product offerings to combat an industry that shrank by more than half this year.

Renovations 373

Renovations Realtors Construction Mortgage 373

Housing Wire

MAY 24, 2022

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. This is a customer of an agent, and a customer of a bank, conducting a financial transaction and contractual purchase transaction.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Conway, Arkansas. Rochester, New York.

Housing Market 315

Housing Market Marketing Agents Real Estate 315

Housing Wire

APRIL 18, 2023

As rates increased in 2022, the California lender laid off nearly 1,000 staff to cut costs and meet shrinking demand in the industry. When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. We literally did it from scratch [in March, April 2022].

Retail 289

Retail Business Agents Loan Officers 289

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Housing market predictions 2022: Insight from 5 experts. Here’s what you can expect for 2022, according to the experts: 1. Here’s what you can expect for 2022, according to the experts: 1. Experts agree that rate increases will continue through 2022.

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. Your loan officer may even put your file through an initial underwriting. It's that simple.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. Rates increased for all loan types in our survey, with the 30-year fixed mortgage rate increasing to 7.09 percent, the highest level since November 2022,” said Joel Kan, MBA’s Vice President and Deputy Chief Economist.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Appraisal Today

OCTOBER 14, 2022

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,”.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73