Housing Wire
JANUARY 9, 2024
Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in online mortgage and financial services professional development. MEC prides itself as a “one-stop online resource for all things mortgage training and education.”
Housing Wire
JANUARY 17, 2024
They are able to maximize their cash investment on a new home and more comfortably afford an upscale home or a property in a more desirable location — whether it be closer to family or in a luxury housing development with additional amenities. For real estate professionals, this option presents an opportunity to capture more sales.
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Housing Wire
JANUARY 17, 2024
Our thoughts and prayers are with Mary, his children, and the rest of his family.” A fierce advocate for the industry, Stevens became a loan officer in 1983 in Colorado, rising through the ranks of World Savings during a 16-year tenure. Stevens oversaw FHA programs for single and multifamily housing for two years.
Housing Wire
JANUARY 27, 2023
The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.
Will Springer Realtor
AUGUST 1, 2023
Short sales were a common sight in the housing recession around 2009 but they have since faded from the headlines as homeowners typically find buyers before facing financial doom. In addition to the homeowner, only licensed lawyers, loan officers and real estate brokers can conduct a short-sale negotiation. What is a short sale?
AmeriMac
SEPTEMBER 1, 2021
A Brief History of the Development and Use of Appraisal Management Companies. AMCs as a concept were developed in the 1970s. None of the key parties can select the appraiser—including the loan officer, mortgage broker, or homeowner. However, they were not widely used until after the mortgage crisis in 2007 and 2008.
AmeriMac
MARCH 15, 2024
The concept of AMCs was developed in the 1970s but didn’t gain widespread use until after the financial crisis in 2007-2008. The crisis exposed significant flaws in the appraisal process, leading to the development of regulatory measures to ensure more accurate and unbiased appraisals.
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