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The fight to standardize educational training for LOs

Housing Wire

The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank – originate a purchase mortgage or refinancing for a client. Federal regulations mandate that nonbank LOs take training prior to being certified. Regulations to oversee them all.

Training 335
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Free Webinar: Components of AMC Training by Josh Walitt

Appraisal Buzz

Certain states require AMC staff to receive training to ensure they understand valuation independence regulations as well as other statutory requirements. Our free webinar, “ Components of AMC Training ” will be held on June 10th at 2 pm with Josh Walitt as the host. Buzz : Why do AMCs need the training?

Training 366
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Pricing exceptions are widespread in mortgage — and so are the regulatory risks

Housing Wire

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.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

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. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 438
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Winners and losers of this volatile housing market

Housing Wire

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. I don’t think it’s a win for anyone on the lending side.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

Sharing your success lends to your credibility as an agent. This could include posting information regarding down payments, typical closing costs to expect, first-time homebuyer programs available, and tips on navigating lending. These should be posted in addition to testimonials.

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Will a Part-Time Real Estate Agent Salary Be Enough for You?

McKissock

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Set clear expectations upfront about your availability. Real estate is often a second career.