Housing Wire

APRIL 1, 2024

As of mid-March, Richards said the company had signed up more than 20 clients with an aggregate total of more than 5,000 mortgage originations. This is just one more arrow in their quiver.” The firm is currently working to grow the channel by leveraging existing relationships in the industry and through word of mouth.

Loan Officers 414

Loan Officers Clients Mortgage Construction 414

Housing Wire

MARCH 16, 2022

Roostify, a mortgage technology provider, will integrate the solution to its digital home lending platform. Parvesh Sahi, senior vice president of business and client development at ICE Mortgage Technology, said that lenders will have a true digital experience that provides efficiency, speed, and cost savings.

Technology 382

Technology Real Estate Agent Loan Officers Lending 382

Housing Wire

SEPTEMBER 23, 2020

United Wholesale Mortgage , the largest wholesale lending firm in the country, is joining the blank-check company craze and will make its public debut via an acquisition. Ishbia last week told HousingWire that his wholesale firm was lending in record volumes , thanks in part to a suite of low-rate purchase and refinance products.

Mortgage 542

Mortgage Lending Business Inventory 542

Housing Wire

FEBRUARY 17, 2022

Fairway Independent Mortgage Corporation , Fairway Wholesale Lending and the American Warrior Initiative (AWI) wrapped up last year by granting 16 service dogs to 16 veterans in a timespan of less than one hour. When I began to originate loans for active-duty military clients in Leesville, La.,

Training 370

Training Lending Clients Mortgage 370

Housing Wire

JANUARY 10, 2024

.” Many of the individual agents in the study had other full-time jobs as “teachers, government workers, restaurant servers, commercial employees, and a large number in associated industries – mortgage lending, real estate appraisal, commercial and residential investment, and the practice of real estate law.”

Agents 424

Agents Real Estate Real Estate Agent Training 424

Housing Wire

FEBRUARY 25, 2022

Meanwhile, Mid Valley Funding, which started doing business with UWM in June 2015, sent at least 62 mortgages to Rocket and Fairway, the lawsuit claims. According to the lawsuit, independent mortgage broker Kevron, which started originating loans to UWM in July 2019, submitted at least 22 mortgage loans to the competitors since the ultimatum.

Contracts 370

Contracts Brokerage Investing Mortgage 370

Housing Wire

JANUARY 19, 2023

While there is speculation about whether Strauss took clients who had loans in the pipeline when Sprout shut down, it’s unclear if Smart Rate originated or bought any loans, or how the firm would fund new mortgages. In 2015, Strauss launched Sprout Mortgage, a mortgage lender focused on non-qualified mortgages (non-QM).

Mortgage 393

Mortgage Investors Legal Loan Officers 393

Housing Wire

OCTOBER 26, 2020

In times like these, the “one-stop-shop” approach to the servicing and lending process has become even more appealing, and there is a company providing that in a flexible capacity: Xome. This is a huge value for our clients when it is crunch time.”. Xome works with its clients to provide what they need, when they need it.

Clients 382

Clients Valuation Technology Inspection 382

Appraisal Buzz

JUNE 7, 2021

Depending on the client’s needs, my work includes coaching, customized training, quality assurance, continuing education, disciplinary action assistance, internal audit, and other customized projects. In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals.

Training 366

Training Reconsideration of Value Valuation Clients 366

Housing Wire

DECEMBER 16, 2021

The lender originated $10 billion in mortgages in 2013, $5 billion in 2014, $3 billion in 2015 and just $2 billion in 2016 before shutting down altogether in 2017. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff. 375% below the market.”

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

DECEMBER 7, 2023

It’s causing us in the industry — title settlement, real estate, mortgage lending, the attorneys — to rethink, can you even trust a voicemail? So you have a client that appears to have left a voicemail: ‘Hey, I’m traveling. So, let’s pull this string one layer deeper.

Real Estate 442

Real Estate Sellers Technology Real Estate Agent 442

Housing Wire

AUGUST 21, 2023

469 LoanStar Technologies 1,241% 2016 Enabling lenders to connect and lend to customers who are traditionally underbanked or unbanked. 533 ReBuilt 1,096% 2015 Vertically integrated marketplace helping homeowners sell their unwanted property and real estate investors find great off-market deals. 4,105 FirstCloseFirstclose.

Real Estate 370

Real Estate Real Estate Agent Technology Investors 370

McKissock

JULY 20, 2021

So right from the start, in at least 30 states that license home inspectors, the property inspection you make for the purposes of developing an appraisal should not be confused with a home inspection completed by a home inspector, because you are not licensed as home inspector and you were not hired by the client to complete a home inspection.

Inspection 105

Inspection Appraisal Construction Clients 105

Housing Wire

FEBRUARY 22, 2021

Combined, ProMerit and WLS will support more than 60 clients, from small lenders originating 40 loans a month for a $500,000 warehouse line, to big companies lenders receiving $15 billion warehouse lines, said Michael Franco, the CEO of SitusAMC. ” How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Technology 372

Technology Lending Clients Real Estate 372

Housing Wire

APRIL 4, 2023

When prospective clients operate in highly regulated financial markets, enterprise sales don’t come easy. That catalyst ended up being Rocket Mortgage ’s “Push button, get mortgage” campaign in 2015. In the ensuing years, Blend brought on hundreds of clients, including Wells Fargo , First Republic Bank , Mr. Cooper and U.S.

Clients 370

Clients Mortgage Business Technology 370

Appraisal Today

DECEMBER 8, 2023

The process took several years of securing building permits, and the house was completed in 2015. The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”…

Appraisal 66

Appraisal Real Estate Contracts Design 66

Appraisal Today

APRIL 21, 2023

Increased numbers of state appraisal boards are looking at complaints against appraisers from the standpoint of the consumer, rather than that of the client and/or the intended user(s). As all appraisers are aware, the consumer has no standing with the appraiser (assuming the consumer is not the named client or intended user).

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

Insurance 370

Insurance Real Estate Technology Loan Officers 370

Appraisal Today

NOVEMBER 10, 2022

The only appraisers who get sued are those performing appraisals for mortgage lending. Truth: The origin of this myth most likely correlates with the significant amount of valuation work performed for lending purposes – the more lending work, the greater the liability risk, the thinking goes. 3, 2022 By Jamie Owen.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 148

Appraisal Tenants Investors Business 148

Appraisal Today

JUNE 10, 2022

Recall the five forces of friction: practices, standards, education, regulation, and client expectation. The Inevitable Cyclicality of Mortgage Lending. Communicating with non-lender clients: Very, very different than lenders. This blog considers how each friction will respond to this “excess” of appraisers.

Appraisal 52

Appraisal Contracts Business Mortgage 52

Housing Wire

JUNE 8, 2022

From a client perspective, a fully integrated soup-to-nuts digital offering for mortgage origination and servicing should significantly reduce the cost of originating and servicing a mortgage,” according to an analyst who spoke on the condition of anonymity. Of the $387.2 We’ve never received investments.

Mortgage 382

Mortgage Technology Loan Officers Investing 382

Appraisal Today

OCTOBER 28, 2022

Communicating with non-lender clients: Very, very different than lenders!! Watch a video of an excellent McKissock podcast discussing market changes and many other very practical topics, focusing on residential lending appraisals. But purchase money lending will slip as well, by 3% to $1.53 What is the effective date(s)?

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

DataMaster

JUNE 15, 2023

. — also known as short-term rentals (STRs) — to claim STR income as part of the borrower qualifications side of the lending decision. However, the GSEs did not make a parallel change to the property qualification side of the lending decision. This imbalance in the lending equation has created the situation we find ourselves in today.

Appraisal 78

Appraisal Tenants Investors Business 78

Housing Wire

MAY 24, 2022

Think about your lending business model. 2015 2016 2017 2018 2019 2020 2021 Personnel 4,699 4,802 5,347 5,524 5,094 5,272 5,866 Total Cost to Produce 7,046 7,208 8,083 8,278 7,578 7,535 8,565 Compensation % 67% 67% 66% 67% 67% 70% 68%. We are not auditors or coders dispensing products or advice about lending.

Business 393

Business Technology Lending Housing Market 393

Simonson Real Estate

DECEMBER 6, 2022

We’re grateful to work across several states and with so many great clients! We believe it’s important for appraisers to communicate with their clients to avoid surprises and ensure the appraisal process is as smooth as possible. The goal of this article is to help lenders, banks reviewers and appraisers. Prospective Values.

Appraisal Process 78

Appraisal Process Real Estate Appraisal Renovations 78

Simonson Real Estate

JULY 10, 2020

The appraiser’s role is to provide arm’s length, third-party, neutral, and impartial opinions about the value of real property and provide assistance to those who own, manage, sell, invest in, or lend money on real estate. Source: The Dictionary of Real Estate Appraisal, Sixth Edition, Appraisal Institute, Chicago, Illinois, 2015).

Appraisal Process 148

Appraisal Process Appraisal Market Value Tenants 148

Housing Wire

JUNE 28, 2021

But DeZarn was an independent contractor business of one, and he lost his clients in 2008 when the housing market imploded. The value add is compliance, more than anything else,” said Shashank Shekhar, CEO of Arcus Lending. He started contracting with home mortgage lenders to appraise the value of the property tied to a loan. “It

Appraisal 404

Appraisal Valuation Business Contracts 404

McKissock

JULY 28, 2020

Although AVMs do, and will continue to, fulfill some clients’ needs in some circumstances, there is one area in which they typically are not considered reliable. I paid just $48,500 for it in 2015, put $6,000 into remodeling and would have been happy with a sale price around $100,000. Areas where AVMs are unreliable.

Appraisal 58

Appraisal Tools Real Estate Property Appraisal 58

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). I have always collected all the money owed from my lender clients using the collection techniques I write about. Client Rating Grid.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped. In a significant drop in prices, in the 1990s, some appraisers who made negative adjustments lost their businesses.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Clear Capital

NOVEMBER 30, 2021

They are a digital lending platform. But what’s really new is the fact that back in the day, it was a product for Fortune 500 corporations that essentially send their project managers to New York City to work in a client’s office for two months, and they’re willing to pay 300% premium for that. Daniel Mishin .

Landlords 69

Landlords Real Estate Tenants Investing 69

Housing Wire

MAY 17, 2022

During her visits, one thing stood out to Golding, who served as the Department of Housing and Urban Development ’s principal deputy assistant secretary from 2015 to 2017. Some of my clients have told me that they’ll come back in and service FHA loans if there are reasonable requirements, along the lines of the GSE’s,” Chappelle added.

Insurance 370

Insurance Development Housing Market Mortgage 370