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AI can finally address some of the chokepoints in title

Housing Wire

Those include collaborative communications (Realtor to closing officer; loan officer to escrow assistant, etc.) One Realtor may prefer text while a loan officer might wish to use a technology integrated with her LOS and the buyer might only communicate via phone. Things like: “How long until the closing?

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An Appraiser’s First Impressions of Clear Capital’s AVM

Portland Appraisal Blog

It’s no secret the lending industry is aggressively pursuing alternatives to traditional appraisals. While most participants in the industry will concede an appraisal is still the gold standard for collateral valuation, they increasingly see the appraisal as something to be steered around or avoided altogether.

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How to Get a Mortgage Loan

Assurance Financial

If you’re looking to buy a large, expensive home, you might need a jumbo loan to do it. Often, you’ll need to have excellent credit and a hefty down payment to qualify for a jumbo loan. Downloadable Guides. Click here to download the file. Click here to download the file. First-Time Homebuyer Guide.

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Mortgage Term Glossary

Assurance Financial

Before you buy a home or refinance a mortgage, your property will most likely need to go through the appraisal process. During an appraisal, a professional will evaluate your home’s condition, how much similar homes have sold for recently and the overall market to determine the value of your home. Downloadable Guides.

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What Happens to My Mortgage If I Move?

Assurance Financial

Downloadable Guides. Click here to download the file. Click here to download the file. Once you’ve found the home you want and the seller has accepted your offer, your lender sends your financial information over to a loan processor, who double-checks all of the details and will contact you if they need any clarification.

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What Is Private Mortgage Insurance?

Assurance Financial

Downloadable Guides. Click here to download the file. Click here to download the file. You can have your home appraised again, and if the value has risen over 20%, you could request the cancellation of your PMI. To start this process, you have to schedule a new appraisal of your home. First-Time Homebuyer Guide.

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Ways to Save for a Down Payment

Assurance Financial

Downloadable Guides. Click here to download the file. Click here to download the file. If you have or will be receiving a gift from your family to help with your down payment, include this amount on your mortgage loan application. Remember, not all mortgage loans permit the use of gifts for a down payment.