Housing Wire

AUGUST 4, 2022

In May, ICE said it entered into a definitive agreement to acquire Black Knight for $13.1 Black Knight is preparing to be acquired by Intercontinental Exchange Inc. ICE), assuming regulators don’t stand in their way. billion, which valued Black Knight at $85 per share.

Clients 354

Clients Mortgage Contracts Business 354

Housing Wire

DECEMBER 21, 2021

According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry. With newer folks, there definitely is more uncertainty because if there is a squeeze, am I good enough to survive? Presented by: Black Knight. In 2020, hiring in the mortgage industry surged.

Loan Officers 433

Loan Officers Retail Business Mortgage 433

Appraisal Buzz

JUNE 6, 2022

But the other problem is that it undercuts the contract you’re entering when you agree to perform the appraisal. How many times have you had a client try to move the goalpost on you? “Oh That contract or agreement you make when you accept a job is critical. It’s not the client’s job to understand this – that’s our job.

Appraisal 221

Appraisal Clients Appraisal Process Inspection 221

Housing Wire

DECEMBER 29, 2023

Just like you should be wrapping up your business and closing out your books before the last day of the year, you also need to wipe the slate clean so that you can jump in and move forward with fresh goals, new clients and an uncluttered mindset. If you are a gmail person, this is as simple as selecting your ENTIRE inbox and hitting ARCHIVE.

Brokerage 364

Brokerage Real Estate Contracts Business 364

Housing Wire

MARCH 5, 2024

Saghafi has clients who recently decided to pull the trigger and move to a bigger house by selling their home that had a 2.375% mortgage rate. Interest rates going up definitely cooled the market, but overall, that is not the problem.”

Loan Officers 398

Loan Officers Mortgage Buyers Inventory 398

Housing Wire

OCTOBER 3, 2023

This means the lazy real estate agents who provide very little value to their client can no longer just show up and know they will automatically get paid a percentage of the sales price just for writing a contract. Sadly, the understanding of the difference between a client and a customer is pitifully poor in our industry.

Agents 389

Agents Buyers Training Law 389

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1:

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

NOVEMBER 1, 2023

These are the folks who are buying right now, and I you know because some of them are my clients.” There’s no question about it, the ‘haves’ definitely have a growth hat on and are buying data to recruit, and they are definitely extremely active.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Appraisal Buzz

AUGUST 16, 2021

Trying to meet deadlines, keep my clients informed, and put out a quality product in this busy market is enough to make my head spin. Fannie Mae defines market value in part as “the most probable price that a property should bring…” Thus, probability is the very foundation of the most common definition of market value.

Market Value 448

Market Value Buyers Appraisal Sellers 448

Housing Wire

DECEMBER 13, 2022

The LOs and brokers who are truly passionate, who are great at what they do, will use this time to double down, hone their craft and become even better advisors to their clients. They can work through loan scenarios with LOs helping them find the best product to meet their clients’ needs. It’s like having your own operations team!

Clients 382

Clients Technology Real Estate Agent Business 382

Housing Wire

MAY 27, 2022

Making sure everyone is included spans from our diversity, equity & inclusion commitments to our product development where we create greater opportunities for our clients. I don’t mean affordable housing in the HUD definition, though I know that’s needed too. I mean, a house that working Americans can afford in their community.

Modernization 355

Modernization Legal Contracts Mortgage 355

Appraisal Buzz

JUNE 7, 2021

Depending on the client’s needs, my work includes coaching, customized training, quality assurance, continuing education, disciplinary action assistance, internal audit, and other customized projects. Josh : The Annual Compliance Training is designed to meet requirements of clients and regulators.

Training 366

Training Reconsideration of Value Valuation Clients 366

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Blog post: Advice for Working with Difficult Clients.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Housing Wire

APRIL 6, 2021

It was definitely a rush job! He wasted my client’s money. For example, one client had a home under contract for $983,000 and the list/appraised value was just $900,000, the LO said. But the most important thing is educating clients from day one. He told me that they have to protect the lender’s interest.

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Appraisal Today

JULY 1, 2023

When I started fee appraising in 1986, my first client was a small local bank with a few nearby branches. Market Value By Timothy Andersen, MAI Excerpts: There are numerous definitions of market value. For purposes of this monograph, please assume the standard Fannie Mae definition (here by reference). Join the Mercury Network.

Appraisal 86

Appraisal Contracts Market Value Mortgage 86

McKissock

DECEMBER 14, 2021

On the way he needed to drop off an appraisal report to a lender client. He handed the report to his client who quickly turned to the bottom of page two, and said: “Wow Ben, I was sure this one would have come in at least $20,000 higher.” Free Download: Ready to launch your appraisal career?

Market Value 80

Market Value Marketing Property Appraisal Appraisal 80

Housing Wire

OCTOBER 23, 2020

“I’ve had many conversations with clients of mine from late April through early July, the market was total pandemonium. Contracts during this time also skyrocketed 62%. “We’ve And, since early July to now, it’s just getting very busy.”. So, there’s activity all over the place.”.

Housing Market 534

Housing Market Marketing Real Estate Agent Real Estate 534

Housing Wire

MARCH 15, 2024

According to VanFossen, that’s a “definite potential outcome that a lot of mortgage lenders are looking at, legally and in a compliant manner,” including Absolute Home Mortgage, which is doing tests with this dual-licensing structure. He has been focused on getting referrals from prior clients and online.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Town & Country Residential Appraisals

AUGUST 8, 2022

However, since the borrower is not our client, that report will not be sent by us. USPAP defines the client as “the party or parties who engage, by employment or contract, an appraiser in a specific assignment”. Nowhere in the definition of client does it refer to who paid for the appraisal.

Appraisal 51

Appraisal Clients Contracts Law 51

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs.

Mortgage 381

Mortgage Investors Clients Marketing 381

McKissock

JULY 26, 2022

Here are some tips on how to make the real estate transaction process as smooth as possible for you and your buyer clients. While there may or may not be a definitive time limit in each state (such as 24 hours), it is in everyone’s best interest to submit the offer as soon as possible. Finally under contract. Making an offer.

Real Estate 81

Real Estate Counter Offer Buyers Inspection 81

Lamacchia Realty

DECEMBER 18, 2023

By definition, a real estate agent is a sales professional licensed by their state to assist clients in buying, selling, or leasing properties. At the end of the day, agents and REALTORS® essentially perform the same duties to their clients when representing them in a home sale or purchase. What is NAR?

Realtors 68

Realtors Agents Real Estate Agent Real Estate 68

Housing Wire

APRIL 26, 2022

Essentially, through the so-called Bacon Protocol — a set of smart contracts and programming that exists on the Ethereum blockchain platform — investors can purchase stable coins, which are a form of “stable” cryptocurrency pegged to the value of the U.S. That’s what we built our system to do [for crypto and traditional mortgages].”. “In

Mortgage 440

Mortgage Technology Investing Investors 440

Birmingham Appraisal

SEPTEMBER 26, 2023

Pressure from Clients Real estate professionals, including agents, often face pressure from clients to incorporate outlier sales into their Comparative Market Analysis (CMA). Inconsistent Results Outlier sales are, by definition, inconsistent with the majority of transactions in a market.

Real Estate Agent 86

Real Estate Agent Real Estate Clients Agents 86

McKissock

JULY 29, 2020

The GSEs have also aligned on guidance regarding the use of these test forms, including formal definitions for “Hybrid” and “Desktop” assignments. These two terms are often used interchangeably by appraisers and clients, but under the GSEs’ new definitions, they are different types of assignments.

Modernization 60

Modernization Appraisal Clients Property Appraisal 60

McKissock

JANUARY 31, 2023

” “The definition of market value.” ” “That cost does not equal value on homes, and picking comparable sales just to hit contract prices is unethical. ” Appraisers are unbiased and must follow guidelines “I wish they understood that we cannot always ethically hit the sale contract price.”

Real Estate Agent 97

Real Estate Agent Real Estate Agents Appraisal 97

Appraisal Today

NOVEMBER 25, 2022

Creative Appraisal Definitions Humor e. NOTE: Please scroll down to read the other topics in this long blog post on Graphs and Trendlines, Market Value definition, appraisal forms, unusual homes, mortgage origination stats, etc. ==. Is the Definition of Market Value Outdated? Many thanks to Appraisal Buzz for the image above.

Appraisal 52

Appraisal Market Value Contracts Finance 52

Raleigh Realty

FEBRUARY 19, 2022

It also helps new agents understand the real estate digital tools available to them, how to build a Web presence, and the various ways to share their information both organically and socially, to generate online interest and potentially bring in new clients and referral partners too. Do read the fine print about canceling the contract.

Real Estate 158

Real Estate Realtors Real Estate Agent Agents 158

Housing Wire

JANUARY 10, 2024

Success depends on how well (and how quickly) you can combine your own marketing skills with the right tools and support systems out there to help you convert leads into clients. Yet, in a competitive real estate market, agents don’t always have the luxury of investing months into long-term brand-building.

Real Estate 350

Real Estate Real Estate Agent Tools Agents 350

Portland Appraisal Blog

APRIL 14, 2019

You’re a real estate agent and after a lot of back-and-forth, give-and-take, offers and counteroffers, you’ve helped your client negotiate a sweet price for their home. There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. Not even the borrower is the appraiser’s client.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

MAY 19, 2023

The data table definitions include columns for Field Name & Instruction, Formatted Example / Allowable Values, Photo Required? They can tell their clients that their data collectors are qualified, as compared with their competitors. The number of appraisers is definitely dropping now. and Conditionality. I learned a lot.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Housing Wire

MARCH 22, 2024

We are seeing contracts fall through during the due-diligence period because of the sticker shock on insurance costs, so that is definitely a problem.” It is definitely a significant concern and issue,” Smith said.

Insurance 388

Insurance Inventory Marketing Real Estate 388

Appraisal Today

JANUARY 5, 2024

– Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 6.76 The average contract interest rate for 15-year fixed-rate mortgages decreased to 6.26

Appraisal 76

Appraisal Contracts Legal Business 76

Housing Wire

JANUARY 12, 2024

What’s the secret to nurturing leads and turning them into loyal clients? As your real estate business expands, nurturing your growing client base inevitably leads to a need for improved communication. It’s a high-functioning customer relationship management (CRM) tool with robust features, integrations and automation.

Real Estate 426

Real Estate Real Estate Agent Tools Agents 426

Appraisal Today

DECEMBER 2, 2022

He was a very nice, kind person and definitely One Of The Good Guys. These are definitely these are most complicated and confusing tax changes I have seen. Which is MOST important for building strong appraisal-client relationships? Many thanks to George. I will never forget George’s wide smile. and NOT the ad-only emails.

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

McKissock

MAY 10, 2023

Traut recommends considering other entry-level and contracting jobs, such as completing quality-control reviews or managing appraisal orders for a bank or an AMC. A skilled marketer could help the supervisor set up and implement a marketing plan to obtain new clients. He even misspelled his own last name.

Real Estate 86

Real Estate Appraisal Training Business 86

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). the Norfolk, Chesapeake, Portsmouth, and Virginia Beach areas).

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71