Clients Finance Loan Officers Training 
Housing Wire
JANUARY 17, 2024
2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?
Housing Wire
APRIL 16, 2024
The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. For example, Realfinity pays LOs 1.4%
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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.
Housing Wire
FEBRUARY 29, 2024
Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.
Housing Wire
AUGUST 31, 2022
From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. For instance, an applicant with an initial credit score of 640 who is looking to finance $300,000 over 30 years would qualify for an interest rate of 6.13%, making monthly payments $1,823.
Housing Wire
AUGUST 1, 2023
But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Also in 2021, Rocket decided it needed to have some loan officers on the ground who are in close contact with real estate agents. Its parent Rocket Companies rode the wave to a stunning $9.4
Housing Wire
DECEMBER 29, 2023
HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. If they want to know what’s going on with rates, their loan, AI can give them an answer.
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