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How PrimeLending plans to grab market share

Housing Wire

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

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The Housing Market Has Become Like the Pymatuning Spillway

Cleveland Appraisal Blog

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price.

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Appraisal Time Adjustments Underutized

Appraisal Today

FHFA Report: Underutilization of Appraisal Time Adjustments Published: 1/8/2024 Excerpts: Fannie Mae, Freddie Mac, and Federal Housing Administration appraisal guidelines require such adjustments whenever market conditions have been changing. They are one of the easiest adjustments to make. My market is very volatile.

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How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. How appraisals affect the sale.

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How a Home Appraisal From a Lender Can Make or Break a Mortgage for Your First Home or Beyond

Realtor

If you’re a buyer who needs a mortgage , most lenders will require that you obtain a home appraisal. Lenders require a home appraisal before they’ll provide a loan, for the simple reason that the home serves as collateral for your mortgage. What appraisers do. How appraisals affect the sale.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Step 5: Get an Appraisal on Your Ideal Property. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,

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Home Equity Line of Credit (HELOC), Home Equity Loans, and Cash-Out Refinancing

PennyMac

It’s important to keep the loan-to-value (LTV) ratio relatively low so you can retain that home equity and be less likely to default on the loan. As such, you can only draw from a pre-approved amount that is stipulated in your contract. Understand typical contracts and look for fees. Upfront costs. Home improvement.