Housing Wire

JANUARY 17, 2024

Did you know that in 2022, both younger and older Baby Boomers made up the largest generation of American homebuyers? 1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade.

Finance 421

Finance Real Estate Agent Real Estate Insurance 421

Housing Wire

NOVEMBER 14, 2022

Ohio-headquartered Commitment Mortgage aims to leverage more than 600 Indiana real estate agents at Carpenter’s. The goal is to help home buyers search for homes and then capitalize on loan offerings, the lender said in a release. trillion in 2022, down from the previous year’s $4.4

Lending 315

Lending Realtors Real Estate Agent Mortgage 315

Housing Wire

JUNE 22, 2023

It ceased that business in December 2022 after rising mortgage rates wreaked havoc on the housing industry. Now that it’s getting back into the forward mortgage origination business, AmeriFirst plans to focus on providing buyers with competitive rates by cutting branch and regional margins, which led to higher fees for buyers.

Loan Officers 323

Loan Officers Mortgage Real Estate Agent Business 323

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business. million, of those homes.

Loan Officers 376

Loan Officers Real Estate Agent Real Estate Finance 376

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 wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that!

Agents 390

Agents Real Estate Agent Brokerage Real Estate 390

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. 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. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

FEBRUARY 7, 2023

The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022. And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. Tozer suggested “a fee of 1.3%

Mortgage 364

Mortgage Loan Officers Government Buyers 364

Housing Wire

DECEMBER 6, 2022

range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender.

Real Estate 354

Real Estate Real Estate Agent Clients Agents 354

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: Why should referrals be a key part of originators’ strategies?

Business 310

Business Loan Officers Real Estate Agent Real Estate 310

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based In 2022, only 7.6% of purchase loans that Fannie Mae closed were above 95% LTV, according to the Urban Institute.

Loan Officers 333

Loan Officers Insurance Mortgage Real Estate Agent 333

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Kim: What helped you become the top producing broker in 2022? Cohen funded $751.4

Marketing 315

Marketing Mortgage Inventory Loan Officers 315

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. 1 housing market for spring 2022, there is no doubt that the housing market in Rapid City is one to watch. In March 2022, the median list price of a home was up 21.4%

Housing Market 320

Housing Market Marketing Real Estate Real Estate Agent 320

Housing Wire

MARCH 1, 2022

This brings me to a trend in the 2022 Tech100 nominations that was more prominent than any year I can remember — an emphasis on technology enabling headcount efficiency and cost reduction. And yet, we’re finally in 2022, and I’m going to go out on a limb and say disruption has failed. No surprise here. Instead, innovation prevails.

Real Estate 319

Real Estate Brokerage Real Estate Agent Technology 319

Housing Wire

NOVEMBER 1, 2021

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. That means you’ve been thinking about real estate agents…a lot. They don’t even come into the office anymore.

Real Estate Agent 374

Real Estate Agent Real Estate Agents Lending 374

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 405

Real Estate Agent Loan Officers Real Estate Agents 405

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. According to their public website, in June 2022, the supply of existing homes for sale would last 3 months. This month’s supply measurement remains 0.9

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Local agents say these rising prices are not stopping buyers from Colorado, Florida, New York, New Jersey and California from flocking to the northern New England city.

Housing Market 322

Housing Market Marketing Agents Real Estate 322

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 321

Inventory Marketing Business Buyers 321

Housing Wire

APRIL 18, 2023

As rates increased in 2022, the California lender laid off nearly 1,000 staff to cut costs and meet shrinking demand in the industry. When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. The call center is going to be the in-market agent’s best friend.

Retail 296

Retail Business Agents Loan Officers 296

Lamacchia Realty

JANUARY 23, 2023

Step 2: Check your credit score In addition to a down payment, a first-time home buyer must have a decent credit score. Another important first-time home buyer step is seeking pre-approval from a lender for a home loan. This is when you will meet a loan officer from various mortgage companies. This is the fun part!

Real Estate Agent 67

Real Estate Agent Inspection Realty Real Estate 67

Cleveland Appraisal Blog

DECEMBER 31, 2021

Decluttering, deep cleaning, improving curb appeal, and painting are the four easiest ways to make your home more appealing to buyers. It depersonalizes the house so that prospective buyers can more easily imagine themselves living in the home. Painting the walls in your home is an effective way to impress prospective buyers.

Real Estate 195

Real Estate Appraisal Real Estate Agent Buyers 195

Cornerstone

JANUARY 7, 2022

Now it’s 2022, and both homebuyers and sellers have questions. Housing market predictions 2022: Insight from 5 experts. Here’s what you can expect for 2022, according to the experts: 1. Here’s what you can expect for 2022, according to the experts: 1. Experts agree that rate increases will continue through 2022.

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Many buyers will need the extra money to pay the difference.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

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 404

Business Mortgage Loan Officers Inventory 404

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. 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.

Lending 362

Lending Real Estate Agent Loan Officers Retail 362

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 346

Real Estate Agents Real Estate Agent Clients 346

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 366

Loan Officers Mortgage Lending Real Estate Agent 366

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. Motto, which added 60 franchises in 2022, is looking for seven business development consultants who will be tasked with selling franchises of Motto.

Mortgage 441

Mortgage Brokerage Retail Business 441

Housing Wire

MAY 31, 2022

Chicago’s housing market started out hot in 2022. The Mortgage Bankers Association expects loan origination volume to drop to about $2.5 trillion in 2022, down significantly from last year’s $4 trillion. Borrowers and real estate agents can track the loan progress and submit paperwork electronically.

Mortgage 382

Mortgage Construction Lending Real Estate 382

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? There are few bank-owned (REO) sales right now, but when they happen, they’ve been a combination of older loans and some newer ones (but not really people who bought in 2022 at peak prices). If buyers cannot get insurance or it is very expensive, it will affect value.

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

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.

Mortgage 423

Mortgage Real Estate Agent Business Loan Officers 423

Appraisal Today

SEPTEMBER 15, 2023

The survey results had a comparison of 2022 and 2023, which was very interesting. One-quarter (26 percent) cite technology fees (not an option in 2022). NAR Appraisal Survey 2022 Appraisal Business Tips Humor for Appraisers Click here to subscribe to our FREE weekly appraiser email newsletter and get the latest appraisal news!!

Appraisal 85

Appraisal Real Estate Agent Contracts Real Estate 85

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 billion as of June 30, up from $2.7

Investing 403

Investing Loan Officers Retail Mortgage 403

Appraisal Today

OCTOBER 14, 2022

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,”.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. The small rate declines expected will aid affordability to a minor degree after the surge in housing costs for buyers in 2022–2023. Many referrals come from real estate agents.

Appraisal 69

Appraisal Contracts Mortgage Marketing 69