Housing Wire

JANUARY 2, 2024

“They have let branch managers and loan officers go and say they are transitioning to a broker [shop].” ” A former processor confirmed that “all staff was let go, from operations to loan officers.” Purchases comprised about 66%, conventional loans were 45% and 95% were banked loans.

Loan Officers 414

Loan Officers Lending Mortgage Insurance 414

Housing Wire

JANUARY 8, 2024

Through the partnership, loan officers can introduce their clients to an RIA within Encompass. Borrowers will receive financial advice including – college savings plans if their household is expanding, additional life insurance and 401k at no cost.

Clients 386

Clients Investing Mortgage Technology 386

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 532

Insurance Loan Officers Housing Market Appraisal 532

Housing Wire

NOVEMBER 1, 2022

Mortgage Coach, founded in 2009 and based in California, offers an interactive borrower education platform that lets loan officers guide borrowers through a visual presentation of their loan options. The goal is to help drum up business for lenders during an extremely challenging time in the industry. .

Mortgage 393

Mortgage Project Management Insurance Loan Officers 393

Housing Wire

APRIL 18, 2023

However, there is an opportunity in the closing process for better integration between platforms to improve communication and sharing of documents between the brokerage, lender and closing company, each of which has its own process and technology, to relieve some of that stress.

Tools 311

Tools Sellers Technology Loan Officers 311

Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

Mortgage 384

Mortgage Logistics Insurance Real Estate Agent 384

Housing Wire

SEPTEMBER 22, 2022

Details on loan documents can have a big impact on homebuyers especially when it comes to making one of the most significant financial decisions, Arlyn Kalinski, vice president of LEP compliance at Guaranteed Rate said. Let’s take loan disclosures as a prime example.

Marketing 357

Marketing Tools Loan Officers Finance 357

Housing Wire

JANUARY 19, 2023

There were no severance packages, and even health insurance was canceled retroactive to May 2022, leaving some on the hook for huge medical bills. That’s according to four former employees and company registration documents reviewed by HousingWire. Shocked employees didn’t receive their last paychecks.

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

JUNE 28, 2023

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. No mortgage insurance is required. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5

Real Estate Agent 358

Real Estate Agent Insurance Lending Real Estate 358

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 300

Real Estate Agent Real Estate Agents Loan Officers 300

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

Retail 378

Retail Loan Officers Brokerage Technology 378

Housing Wire

SEPTEMBER 15, 2020

This article was written for FinLedger, HW Media’s new fintech focused news brand designed specifically for financial services professionals in banking, payments, insurance and proptech. Consumer loans such as mortgages and other financial documents require notarization. insurance companies, including home and auto providers.

Business 467

Business Law Real Estate Investors 467

PennyMac

MARCH 4, 2024

To receive a Pennymac BuyerReady Certification, you’ll submit a mortgage application and financial documents, which a Pennymac Loan Expert will review. Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

NOVEMBER 18, 2022

The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J. My time with PenFed has come to an end,” a loan officer posted on LinkedIn.

Loan Officers 404

Loan Officers Modernization Finance Housing Market 404

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. FinXperience integrates through a bi-directional framework with its surrounding systems, including CRM platforms, pricing engines, document management systems and LOS. There are no cookie cutters here.”.

Lending 198

Lending Real Estate Agent Loan Officers Architecture 198

Housing Wire

JULY 12, 2023

HousingWire reported that the Sacramento-based lender instituted a round of layoffs in late November 2022, affecting 72 employees , per a document filed with the state’s Employment Development Department. Sources said the changes at Movement come after a shakeup to the sales team’s leadership.

Retail 370

Retail Development Finance Lending 370

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. Currently, the mortgage industry is inundated with paperwork and limited options to efficiently digitalize and process lending and servicing documents.

Lending 331

Lending Technology Investing Loan Officers 331

Housing Wire

MARCH 4, 2021

They’ll also be measuring new legislation/regulation and possibly greater enforcement by various state departments of insurance, state bar associations and more. Third, are there documented training and self-enforcement mechanisms in place? First, is there a formal, written program in place?

Lending 411

Lending Law Loan Officers Clients 411

Housing Wire

OCTOBER 5, 2023

These [rated offerings] can start to bring in investors like insurance companies, money managers with mutual funds that have ratings constraints, investment banks … [and more], which will provide better financing on rated bonds.” billion, according to offering documents. billion, according to offering documents.

Housing Market 396

Housing Market Marketing Contracts Finance 396

Lamacchia Realty

DECEMBER 10, 2021

It’s highly important to stay organized with meeting dates and deadlines for documents, checks, and other important materials related to your closing as well. Keep all documentation and communications in one place so they are easily accessible should you need to get information quickly. Important Documents to be Aware of.

Buyers 65

Buyers Insurance Realtors Loan Officers 65

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 358

Technology Mortgage Tools Insurance 358

PennyMac

FEBRUARY 12, 2021

On the other hand, FHA loans require certain provisions which can sometimes be a burden on a homeowner’s budget, often in the form of premiums paid for mortgage insurance. In such cases, you may want to consider refinancing your FHA loan into a conventional mortgage. Can You Refinance an FHA Loan?

Insurance 59

Insurance Loan Officers Finance Mortgage 59

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Assuming you can get a loan instantly Many borrowers assume that in today’s instant-gratification culture, they can get a mortgage in days or even minutes. ” 9. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

FEBRUARY 17, 2023

Brady Torgerson, former president of First Security Bank-West , was sentenced to two years in prison for two counts of bank fraud he conducted between 2019 and 2021 when working for the North Dakota-based bank and Union Bank as a loan officer. Attorney’s Office for the North Dakota District said Thursday.

Loan Officers 77

Loan Officers Insurance Finance Mortgage 77

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

Reconsideration of Value 71

Reconsideration of Value Appraisal Real Estate Insurance 71

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

Mortgage 68

Mortgage Home Value Insurance Loan Officers 68

Assurance Financial

MARCH 2, 2022

The greatest success story I have is winning over the ‘never-adopters’ of the industry, comprised of mostly the loan officers. After a few months, however, these capabilities made the loan officers the heroes. Closing documents are the last piece of the puzzle that often still require an in-person transaction.

Mortgage 36

Mortgage Loan Officers Technology Insurance 36

Clear Capital

JULY 13, 2023

Through this integration, Clear Capital will deliver an improved user experience for mortgage lenders and loan officers ordering products that support appraisal modernization, such as Universal Data Collection (UDC ) , Desktop appraisals and Hybrid appraisals. and/or its affiliates is located here.

Modernization 67

Modernization Technology Appraisal Mortgage 67

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. You may be asked to share tax documents, paystubs and other proof of income. Flexibility on loan terms.

Insurance 36

Insurance Government Investing Mortgage 36

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 317

Real Estate Agent Real Estate Project Management Agents 317

PennyMac

JUNE 28, 2022

These are many of the fees that may be included in closing costs that you should be aware of as you prepare your closing documents: Application Fee. If you’re signing digital documents, you won’t need to pay a courier fee. FHA Mortgage Insurance Premium. The current rate is 1.75% of your base loan amount. Courier Fee.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Quicken Loans

JUNE 10, 2021

You’ll also be matched up with a preliminary loan program, although this could change later in the process. Prepare Your Documents. Keep in mind that you won’t need all of this documentation to get your loan preapproved. Let’s break down the documents you should prepare for your mortgage application.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Housing Wire

SEPTEMBER 28, 2023

I would say search engine optimization and customized websites for loan officers, those are areas where we’ve had some success. But we were looking at actually doing some test implementations on a couple of other ones that are more interesting to really high producing loan officer teams.

Technology 409

Technology Loan Officers Lending Business 409

PennyMac

APRIL 5, 2022

This is a document issued by a lender that confirms you are pre-approved to secure the appropriate financing needed to buy the home you want. The pre-approval process requires you to provide certain documentation. On a $200,000 loan with a 5% down payment, your PMI would be $130 a month. What Is a Home Loan Pre-Approval Letter?

Mortgage 36

Mortgage Sellers Finance Buyers 36

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. million in the first quarter of 2022.

Mortgage 355

Mortgage Technology Loan Officers Investing 355

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Here are four loan options that can help your down payment dollars go further.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

PennyMac

DECEMBER 22, 2020

If necessary repairs are well-documented, you can use that documentation to make your case for a low offer. If you are expected to do so yourself, hire a title company to run a full, insured title search before closing the deal. Talk to your agent to understand your options when it comes to inspection contingencies.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69