Housing Wire

JULY 7, 2023

The fix-and-flip market has seen a boom in recent years, with more than 407,000 homes flipped in 2022, a 14% increase from 2021 and a 58% increase from 2020, according to a recent report by real estate data firm ATTOM. ATTOM reports that one in 12 home sales last year — 8.4% — involved fix-and-flip investors.

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Marketing Lending Investors Real Estate 329

Housing Wire

AUGUST 31, 2022

For the mortgage industry, the dash toward virtual solutions and reliable fintech was crucial to reigniting the journey for hopeful home buyers. trillion in home equity. This allows lenders to instantly vet the consumer, lock in the a competitive rate and schedule the signing on most loan files with ease.

Lending 335

Lending Real Estate Technology Design 335

Housing Wire

MAY 17, 2023

Borrowers’ demand for home loans slowed down last week as mortgage rates increased to their highest level in two months. ” In the mortgage market, the latest Mortgage Bankers Association (MBA) data published on Wednesday morning showed that loan applications decreased by 5.7% statutory debt ceiling in Congress.

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Mortgage Retail Government Inventory 334

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. “We’re unmatched in a lot of those areas, but sometimes, somebody might have a better price on this loan or on that loan,” Ishbia said. Eight Best Marketing Practices to Fund New Loans Faster.

Mortgage 545

Mortgage Business Marketing Finance 545

Housing Wire

NOVEMBER 30, 2023

A typical 20% down payment on a home in a U.S. metropolitan area costs $80,250, based on the median price of a single-family home of $402,600 in the second quarter of 2023. DPAs can take various forms, such as grants, loans or second mortgages, and they are typically tailored to meet the specific needs of the target demographic.

Clients 353

Clients Government Realtors Mortgage 353

Housing Wire

DECEMBER 5, 2023

” This means the entity that assembled and sold the MBS is obligated to buy back any non-performing or defective mortgage loans. In Q1 of 2023, there were $459 million in repurchases on about $68 billion in Fannie Mae loan-acquisition volume, or a 68 basis-point repurchase rate.

Technology 371

Technology Mortgage Investors Lending 371

Housing Wire

MAY 8, 2023

We decided to rent a bigger home. The awards for entrepreneurship did not extend to quickly buying a home. My wife found a home with motivated owners due to a divorce. My father had been diagnosed with stage four liver failure at that time, and we were aggressively looking for a home so he could move in with my family.

Mortgage 388

Mortgage Marketing Realtors Sellers 388

Housing Wire

NOVEMBER 16, 2020

However, the COVID-19 pandemic has been a unique crisis to not only live in and learn to work through, but also to follow as it relates to the mortgage business. Many factors have contributed to the type of downturn we’re seeing – one that’s far from normal. P andemic expectations. The rest of this content is for HW+ members.

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Business Mortgage 353

Housing Wire

AUGUST 6, 2021

A prime example is our nation’s presently booming housing market, with decades of data showing that African Americans and other minority groups have not received the same treatment as Caucasians when seeking mortgages or having their homes appraised. After all, a home is often a person’s largest asset and source of long-term wealth.

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Realtors Real Estate Valuation Appraisal 464

Housing Wire

JANUARY 14, 2022

If you’re willing to learn and you’re coachable and trainable, that works too.”. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. With the three companies combined, over 1,000 employees have received pink slips. Riches in the niches.

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Lending Loan Officers Real Estate Mortgage 315

Housing Wire

FEBRUARY 12, 2024

Let’s dive in to learn more about this national real estate education provider and learn why The CE Shop and its courses often top our lists for the best online real estate school in each state. If you’re new to real estate, you’ll need to complete a state-approved course and pass your state’s licensing exam.

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Real Estate Agents Design Real Estate Agent 355

Housing Wire

APRIL 29, 2024

Now, we have a good reverse mortgage division at Guild, and they do really great recruiting there, so we’re learning a lot.” There’s a big portion of those customers that are getting to that age where [a reverse mortgage] may be their next type of transaction,” she said. The aging and demographics [provide] great opportunity.

Mortgage 384

Mortgage Real Estate Real Estate Agent Business 384

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. It is the type of perfect storm that will show the industry who the true survivors are and who has been riding the refi wave for the last two years. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Keep Learning.

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Loan Officers Business Clients Training 314

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%. of the loan amount in LO compensation.

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Real Estate Agent Loan Officers Real Estate Agents 403

Housing Wire

OCTOBER 8, 2021

The Consumer Financial Protection Bureau (CFPB) today settled a lawsuit against the nation’s largest reverse mortgage lender for allegedly sending consumers inflated home valuations. The direct mailers advertised a prominent “estimated home value,” per the court filing, which the CFPB claimed was inflated. Learn more here!

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Advertising Home Value Lending Valuation 394

Housing Wire

MARCH 11, 2024

The new paradigm brings into question many closely held assertions about who we serve, the type of homes we should be building, and the best way to pay for a home in retirement. As Boomers move, downsize and age over the next decade, it’s estimated more than 9 million homes will come onto the market, according to Freddie Mac.

Real Estate 354

Real Estate Real Estate Agent Inventory Housing Market 354

Housing Wire

OCTOBER 18, 2022

homeowners sitting on more than $30 trillion dollars in home equity, many lenders are looking to the latest AVMs to improve the accuracy and efficiency of their home equity lending. Here are four ways the next generation of AVMs are reducing risk, accelerating decision making and cutting the cost of home equity originations.

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Valuation Home Value Technology Lending 255

Housing Wire

NOVEMBER 30, 2023

From agency relationships to local government regulations and more, every topic is inspired by the property types and types of transactions you’ll encounter as an Ohio real estate agent. Buying Options See Details Pricing Education Type* Starting at Package Features Prelicense $1,499 Basic: 120 Hrs of OH Pre-Licensing Coursework.

Real Estate 369

Real Estate Real Estate Agent Law Inspection 369

Housing Wire

MAY 14, 2021

Credit can be confusing, but it can also be a huge asset going into the home-buying process. A good credit score increases the likelihood of qualifying for a mortgage because it indicates to the lender that you’re more likely to make timely payments on your loan. Make Timely Payments.

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Tools Mortgage Lending Advertising 423

Realtor

OCTOBER 16, 2023

Getty Images While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. While rising home prices may have stopped some homeowners from buying, they’ve made it a lot more attractive for owners to stay put.

Mortgage 327

Mortgage Technology Home Improvement Business 327

Housing Wire

APRIL 26, 2022

John Scarpati : Reverse mortgages add diversity to the loan offering of originators during the current economic climate, but the benefits that make reverse mortgages such a valuable product addition aren’t only driven by interest rates or current macroeconomic trends. And they’re sitting on an estimated $10 trillion in home equity.

Housing Market 349

Housing Market Business Mortgage Marketing 349

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. Unlike refis, home purchases remain fairly steady on an annual basis, always hovering around 5 million per year. Those who don’t learn from the past are doomed to repeat it.

Lending 393

Lending Loan Officers Business Investors 393

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

Clients 378

Clients Agents Buyers Sellers 378

DW Slater Company

FEBRUARY 13, 2024

I continually get to learn new things and see new things. I continually get to learn new things and see new things. From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings. Fascinating? Not for me!

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. We’ve compiled this list of savvy real estate social media post ideas to inspire your social strategy and keep your Instagram feed fresh and fun.

Real Estate 344

Real Estate Agents Real Estate Agent Clients 344

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Appraisal Buzz

JANUARY 10, 2022

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. Professional risk managers have learned what levers to move and what knobs to push to effectively mitigate their risk. While they may be overstating it, they aren’t doing it by much. Risk 1: Appraiser risk.

Appraisal 374

Appraisal Real Estate Valuation Investors 374

Housing Wire

MAY 13, 2021

As you probably know by now, the Federal Housing and Finance Agency has limited GSEs to a 7% cap on loan purchases for second home and investment properties. This means that lenders who sell these types of loans to Fannie Mae and Freddie Mac will be subject to restrictions if their volume exceeds 7%.

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Investors Real Estate Investing Clients 233

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. The partner smiled. “

Real Estate 444

Real Estate Real Estate Agent Mortgage Agents 444

Housing Wire

SEPTEMBER 28, 2023

Back in 2020 and into 2021, you could go out in the parking lot with a net and just catch loans. We put a huge amount of effort into building a fantastic CRM platform, but you couldn’t get anyone to touch it — they were all too busy simply getting loans. SW: How many tech people do you guys have? JA: We do both.

Technology 383

Technology Loan Officers Lending Business 383

Housing Wire

OCTOBER 27, 2021

As non-QM lending increases in popularity, it’s a great opportunity for brokers to jump in and grow their business by offering a wider selection of loan products. However, investors also realized that non-QM loans were made with sound underwriting practices and that their purpose served a void that is much needed in the housing market.

Lending 310

Lending Housing Market Investors Government 310

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April.

Marketing 362

Marketing Lending Government Renovations 362

Housing Wire

JANUARY 3, 2022

Employing computer vision and machine learning help streamline the inspection process, lower the cost of collateral underwriting, and reduce the time it takes to get collateral approval.”. Permanent desktop appraisals are a win for everyone – here’s why. Presented by: Accurate Group. At the moment, the technology is being piloted internally.

Tools 379

Tools Appraisal Appraisal Process Real Estate 379

Housing Wire

DECEMBER 9, 2021

We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”.

Technology 323

Technology Legal Tools Clients 323

Housing Wire

OCTOBER 6, 2021

Growing up I was that kid who begged his parents for the real estate section from our local newspaper on the weekends and even wanted to be an architect before I realized how much math it took (and trust me if anything I learned in my accounting class from college it was that I do not like math).

Real Estate 261

Real Estate Technology Lending Valuation 261

Housing Wire

MARCH 3, 2022

A vertical which has seen a strong digital push is mortgages, with consumers, lenders and other agents increasingly using online tools and services to apply for and process home sales. The company has found success since its founding, doubling its size over the past year and processing over a billion dollars in loans to date.

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Mortgage Technology Real Estate Investing 289