Housing Wire

FEBRUARY 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. HW: What steps in the real estate transaction could benefit from further digitalization?

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

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. Running the table in a real estate transaction is not for the faint of heart, nor for the passive.

Real Estate Agent 295

Real Estate Agent Real Estate Project Management Agents 295

Housing Wire

MAY 25, 2023

Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Why is this market underserved?

Loan Officers 374

Loan Officers Real Estate Agent Real Estate Finance 374

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 373

Buyers Agents Loan Officers Real Estate 373

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. Lead generation ranked as the third biggest hurdle at 15.5%

Mortgage 301

Mortgage Marketing Loan Officers Real Estate Agent 301

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.

Business 401

Business Mortgage Loan Officers Inventory 401

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. Join a real estate team that can handle administrative work.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Real Estate 342

Real Estate Agents Real Estate Agent Clients 342

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G. HousingWire: Why should referrals be a key part of originators’ strategies?

Business 307

Business Loan Officers Real Estate Agent Real Estate 307

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.

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

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 248

Real Estate Agent Mortgage Real Estate Training 248

Housing Wire

DECEMBER 27, 2022

Temporary rate buydowns have become a popular concession, especially among homebuilders, in which one out of 10 loans feature a seller-paid buydown, said Peter Idziak, senior associate at Polunsky Beitel Green. Those trends are likely to continue in 2023. Layoffs, LOs leaving the industry for good. Or will soon.

Housing Market 490

Housing Market Marketing Real Estate Agent Real Estate 490

Kairos Appraisal Services

JANUARY 9, 2023

Whether you are a seller, a buyer, a real estate agent, or a loan officer, using accurate property comps is essential for determining a listing price, financing for a mortgage loan, and assessing how much equity is in the… The post How to Get Accurate Property Comps appeared first on Kairos.

Real Estate Agent 52

Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Housing Wire

MARCH 1, 2022

In 2019 we published a feature story about “Who will be the Amazon of housing?” — and then explored world-domination theories that painted Zillow , Redfin , Opendoor (and maybe Amazon itself) taking over the entire end-to-end housing sales and financing process. Real estate is a $206 billion industry, according to IBISWorld.

Real Estate 316

Real Estate Brokerage Real Estate Agent Technology 316

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. Thinking pre-qualification means you’re approved for the loan While getting pre-qualified for a loan is a good first step, it does not mean you’re guaranteed the money.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender.

Clients 377

Clients Agents Buyers Sellers 377

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

JANUARY 31, 2023

I can’t tell that seller, ‘I’ll buy your house contingent on me selling mine.’ So that’s a real issue, because as a lender, we offer ways to finance a new home for selling — and it could be a bridge loan, it could be a home equity line of credit. They won’t accept that offer.

Inventory 317

Inventory Marketing Business Buyers 317

Realtor

FEBRUARY 13, 2023

If it looks like you might qualify for a direct loan, then the next step would be to find your local Rural Development office. Direct loans are financed through the USDA itself, so that means applicants must submit all of their paperwork directly through the appropriate Rural Development contact.

Development 156

Development Loan Officers Appraisal Finance 156

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Cleveland Appraisal Blog

MARCH 30, 2021

The problem with most of these requests for reconsiderations of value, is that the listing agent or seller almost never provides me, or other appraisers I have visited with about this situation, with any data that helps their case. 5 Things Agents MUST Provide The Appraiser In Today’s Hot Market – Birmingham Appraisal Blog.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 78

Loan Officers Mortgage Buyers Real Estate Agent 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

AndreyPopov/iStock Buying real estate often requires some serious haggling between home buyer and seller, to arrive at a price that they’re both willing to accept. Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

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

Housing Wire

MARCH 30, 2022

Paul Hurst: In my new role, I’m responsible for evaluating – together with our business units – the most promising new spaces for innovation within the real estate and mortgage finance ecosystem.

Mortgage 328

Mortgage Real Estate Investing Technology 328

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. This will give the lender a clear picture of your finances and capabilities. Mortgage Pre-Qualification vs. Pre-Approval. Pre-approval , on the other hand, is more official.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Cornerstone

SEPTEMBER 3, 2021

A very specific set of circumstances are bringing opportunities for both homebuyers and sellers. In this kind of fast-paced market, it’s also essential to prequalify early with a local loan officer, and even gain full loan approval, to help your offer stand out. Connect with a local loan officer now.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

PennyMac

DECEMBER 22, 2020

REO properties are attractive to homebuyers or real estate investors for several reasons. In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Step 9: Finalize Your Loan.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Quicken Loans

JUNE 10, 2021

Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Will Springer Realtor

MARCH 30, 2021

In this seller-friendly market, sometimes dozens of buyers make bids on a single home. Earnestly speaking – To make a good first impression with the seller, buyers should offer a high earnest money deposit, say 7% or more. Non-refundable fee – Some offers include a non-refundable fee to sellers just for accepting the buyer’s bid.

Inspection 36

Inspection Sellers Buyers Real Estate 36

PennyMac

APRIL 2, 2020

Your home buying budget will be impacted by your household finances and the market you are searching in. Getting this first step in the loan process completed before you start looking at homes will ensure that you are ready to make an offer (and succeed!) Step 4: Find the Right Real Estate Agent.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Clear Capital

SEPTEMBER 29, 2021

So there’s this real estate agent — are you with me? I mean, like, total disaster of a listing that’s been sitting on the market for months in the midst of a very hot seller’s market. So he calls up the seller guy. But this seller has wanted full asking price the whole time.

Sellers 69

Sellers Agents Real Estate Buyers 69

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history. Many referrals come from real estate agents.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Assurance Financial

JULY 23, 2021

How to Get a Mortgage Loan. If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. Once you have a basic idea of what you want, book an appointment with a real estate agent and start touring homes in your desired area. Get Ready for Loan Processing.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74