Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 463

Mortgage Real Estate Agent Renovations Finance 463

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly.

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Agents Real Estate Agent Brokerage Real Estate 388

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023. It’s the local relationships.

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Mortgage Loan Officers Lending Retail 334

Housing Wire

MARCH 25, 2021

real estate agents, who are independent contractors. Benefits are available for all RE/MAX agents starting April 1, a company spokesperson confirmed, except those in Hawaii, where “coverage is forthcoming.”. Real estate agents and LOs: the great collaboration. The latest change?

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Brokerage Agents Real Estate Agent Real Estate 403

Housing Wire

MAY 3, 2023

Existing home sales in particular have been paltry in 2023, largely due to low levels of inventory. Single-family inventory for the week ending April 28 jumped to 422,270, up from 414,010 the week prior, offering real estate agents and mortgage loan officers hope that the ice is melting.

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Real Estate Agent Inventory Loan Officers Mortgage 370

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% The agents on my team are having to be extremely competitive when making offers.

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Housing Market Marketing Real Estate Agent Real Estate 364

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

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Appraisal Marketing Real Estate Inventory 370

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Whether it be through social media, connecting with real estate agents or going back to old-fashioned ways of knocking on people’s doors, they’ll have to focus on the purchase market going into the new year.

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Renovations Realtors Construction Mortgage 376

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. While we have lots of new construction, there are lots of delays due to shortage of materials and also construction workers,” said Ethel Curbow, an agent at AMAX real estate.

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Housing Market Marketing Real Estate Agent Agents 324

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.

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Mortgage Marketing Retail Lending 519

Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. But, while home prices in the area are still on the rise, the number of homes sold in Bend was down 24% year over year in April, according to Bend Premier Real Estate.

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Housing Market Marketing Real Estate Real Estate Agent 317

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. This can give buyers the edge, as Ameer points out, “given today’s tight market with low inventory. “These situations often happen outside of typical office hours.”

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Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

AUGUST 16, 2023

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. So that indicates to us that Realtors are interested in what we have to offer and passing that on to their clients (…) We have been excited to see that increase.

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Retail Real Estate Agent Business Mortgage 323

Housing Wire

MAY 24, 2022

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. This is a customer of an agent, and a customer of a bank, conducting a financial transaction and contractual purchase transaction. How do we clean the fields?

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Mortgage Real Estate Agent Business Loan Officers 423

Housing Wire

NOVEMBER 8, 2021

But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

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Clients Agents Buyers Sellers 377

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc. Plus, the high demand for housing mixed with low inventory has certainly created many obstacles for borrowers.

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Appraisal Inspection HOA Real Estate 78

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Low mortgage rates and low for-sale inventory drove the increase in home prices.”.

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Housing Market Marketing Inventory Loan Officers 49

Cornerstone

JANUARY 7, 2022

With more housing inventory to hit the market, the intense multiple offers will start to ease. – Lawrence Yun , NAR’s (National Association of REALTORS®) Chief Economist. months — significantly lower than the 6-month supply required for healthy housing inventory levels that satisfy homebuyer demand. Have we met yet?

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Housing Market Marketing Sellers Inventory 52

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

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Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

MARCH 3, 2021

Economic Outlook from the National Association of REALTORS® (NAR) shows that existing home prices in the U.S. The good news about housing inventory recently hitting an all-time low is that this puts sellers in the driver’s seat. Here’s a local loan officer who can help. Work with a skilled real estate agent.

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Sellers Bracketing Buyers Inventory 55

Cornerstone

MAY 4, 2021

But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Before you decide to renovate, get in touch with a real estate agent and determine if it’s the most beneficial choice based on your local market and the state of your house.

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Renovations Home Improvement Loan Officers Real Estate Agent 41

Cornerstone

JUNE 8, 2021

As the National Association of REALTORS® (NAR) recently reported, there are 410,000 fewer homes listed than there were just a year ago.* In order to keep up the momentum in residential real estate, more listings must become available. ” – Click here to find a Cornerstone loan officer near you.

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Marketing Sellers Renovations Loan Officers 46

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.

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Inspection Real Estate Agent Real Estate Agents 69