Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

Loan Officers 339

Loan Officers Marketing Inventory Real Estate Agent 339

Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

Real Estate Agent 432

Real Estate Agent Mortgage Real Estate Agents 432

Housing Wire

MARCH 1, 2023

The API integration will allow lenders to bring product offerings to open houses, allowing them to engage borrowers “earlier in the lifecycle,” and will also enable lenders to better support co-marketing partners like real estate agents and loan officers.

Real Estate Agent 297

Real Estate Agent Technology Open Houses Loan Officers 297

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 378

Buyers Agents Loan Officers Real Estate 378

Housing Wire

FEBRUARY 24, 2023

They value a previous underwriter, loan officer or real estate agent’s experience in the industry because these candidates have a deep knowledge of the inner workings of the business. That vast experience could be just what a rookie agent or loan officer needs.

Loan Officers 343

Loan Officers Real Estate Agent Real Estate Agents 343

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. How much is a part-time real estate agent salary?

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

JULY 25, 2023

My customer is the real estate agent. Loan officers — myself included — need to strengthen their mindset. My team, we work hand in hand with real estate agents, showing them how to compete and win in a multiple offer situation. Because, as an originator, my No. I know who my customer is.

Real Estate Agent 252

Real Estate Agent Mortgage Real Estate Training 252

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. Be one step ahead of the process once they’re under contract. Be a matchmaker. This is where being proactive matters.

Clients 372

Clients Buyers Real Estate Agent Real Estate 372

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

Mortgage 366

Mortgage Loan Officers Government Buyers 366

Housing Wire

NOVEMBER 23, 2022

With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3 Erica Davis, Guild Mortgage loan originator and home buyer. The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As

Buyers 468

Buyers Marketing Sellers Loan Officers 468

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. Or will soon.

Housing Market 496

Housing Market Marketing Real Estate Agent Real Estate 496

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” . ” So keep the hope alive!

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Housing Wire

APRIL 13, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Additionally, homes listed for sale midweek sell for an average of 1.6 days faster than homes listed on the weekend.

Sellers 407

Sellers Buyers Real Estate Agent Real Estate 407

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Nationally, there was a year-over-year decrease of 2.3%

Mortgage 383

Mortgage Construction Lending Real Estate 383

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. “Learn about the types of loans before talking with a professional to know the right questions to ask.” “These situations often happen outside of typical office hours.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 17, 2022

Contract or ‘gig’ workers, entrepreneurs and business owners need non-QM mortgages because they may be unable to produce the W-2 tax form used to verify qualifying income for a traditional loan. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

Lending 305

Lending Investors Real Estate Agent Loan Officers 305

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. 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.

Retail 328

Retail Real Estate Agent Business Mortgage 328

McKissock

JANUARY 18, 2022

A skilled real estate agent can play a major role in guiding these fledgling property owners through the maze that is a real estate transaction. In an interview with Entrepreneur , property experts say that a real estate agent can make or break a home-buying experience. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date.

Investors 378

Investors Real Estate Agent Loan Officers Technology 378

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral). Limit the number of sales to three if possible. •

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

Realtors 78

Realtors Appraisal Market Value Real Estate Agent 78

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. A typical real estate appraisal costs around $300 to $500 and is usually paid for by the home buyer upfront. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. A typical real estate appraisal costs around $300 to $500 and is usually paid for by the home buyer upfront. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Be prepared to offer at least asking price.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. It’s true that some repairs may be needed, but it’s a smart move to consult with a real estate agent to find out which improvements are important — and which might not make a difference to prospective buyers.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.09 from 0.58 (including the origination fee) for 80 percent LTV loans.

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Birmingham Appraisal

SEPTEMBER 15, 2022

The AMC scenario was put into place several years ago to reduce direct contact between the loan officer and the appraiser, however as I said it can be a slower process. The appraiser is given the contact information, which is usually the real estate agents involved, to schedule the appointment and gain access to the property.

Appraisal 91

Appraisal Inspection Appraisal Process Real Estate Agent 91

PennyMac

OCTOBER 12, 2022

You and your real estate agent can then use this informal evaluation to refine your search to properties that are within your expected budget range. If you’d like a clearer idea of how much money you may be able to borrow on a home loan, check out the Pennymac mortgage calculator.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? Ryan’s blog focuses on local real estate agents and market conditions, a most excellent method of becoming the “go-to” appraiser and getting lots of referrals from agents. from 0.98 (including the origination fee) for 80 percent LTV loans.

Reconsideration of Value 70

Reconsideration of Value Appraisal Real Estate Insurance 70

Cornerstone

JULY 1, 2021

It’s also the question most real estate agents and housing authorities are asking: “When will sellers start returning to the market?” Click here to find a knowledgeable local loan officer who can help you sell fast. What really sticks out about this summer is a lack of seller competition. Got questions?

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Appraisal Today

JANUARY 12, 2024

Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? Many referrals come from real estate agents. For example, to close their “deal” the borrower needs a bridge loan. You can do this for private money lenders, too.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

PennyMac

JUNE 14, 2021

A real estate agent — specifically a buyer’s agent — can help you through every step of the homebuying process. A good buyer’s agent paves the way to a smooth and successful homebuying experience. What Does a Buyer’s Agent Do for You? Purchasing a new home is a huge undertaking.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36