Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. Tozer suggested “a fee of 1.3%

Mortgage 358

Mortgage Loan Officers Government Buyers 358

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. Prospective borrowers, especially first-time homebuyers, need to be ready for what they’ll encounter during the homebuying process, including home appraisals. This is true for appraisals, too.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Cleveland Appraisal Blog

OCTOBER 14, 2021

Recently, some of my well-intentioned clients have asked if it is possible to appraise a home, based upon a “normal market”. On many of my appraisals at that time, my opinion of value would not support the contract price. It only takes a few bad appraisers doing this kind of thing to cause home prices to artificially inflate.

Inventory 243

Inventory Market Value Appraisal Contracts 243

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Appraisal Today

SEPTEMBER 8, 2023

Problems When Appraising Airbnb & VRBO Properties by Richard Hagar, SRA Excerpts: Residential appraisers are being asked to appraise these properties, along with their elevated income, as “typical” residential properties. He is one of my go-to appraisers for these types of issues. He is an excellent teacher.

Appraisal 80

Appraisal Contracts Business Construction 80

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 based think tank Urban Institute to hear their takes.

Loan Officers 325

Loan Officers Insurance Mortgage Real Estate Agent 325

Appraisal Today

AUGUST 13, 2023

ChatGPT: Valuable Tool or a Replacement for Real Estate Appraisers? I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile. Appraisers there regularly value homes with small vineyards, sometimes leased to wine makers. Isn’t that Just PAVEY!

Appraisal 75

Appraisal Contracts Real Estate Agent Mortgage 75

Cleveland Appraisal Blog

MARCH 30, 2021

There is a lot of demand out there, with very little inventory. 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. It may be due to inventory levels continuing to drop. They just look at the number.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton. Bluffton, South Carolina.

Housing Market 359

Housing Market Marketing Real Estate Agent Real Estate 359

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I

Housing Market 346

Housing Market Marketing Buyers Agents 346

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Online real estate has trickled down to all aspects of the industry, including with appraisals, closings, and underwriting. and Austin.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

Lending 331

Lending Technology Business Construction 331

Housing Wire

NOVEMBER 8, 2021

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. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

Clients 374

Clients Agents Buyers Sellers 374

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Conway, Arkansas. Rochester, New York.

Housing Market 313

Housing Market Marketing Agents Real Estate 313

Appraisal Today

MAY 12, 2023

Certified Appraisers vs. Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. Fannie Mae has been working hard to get rid of appraisers for years.

Appraisal 52

Appraisal Architecture Business Contracts 52

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. By the numbers, Springfield is dealing with a similar high-demand, low-inventory quandary as the rest of the country, though with lower prices. San Diego, California.

Housing Market 319

Housing Market Marketing Real Estate Agent Agents 319

Appraisal Today

OCTOBER 21, 2022

Appraisers and Local Market Analysis. As an appraiser, it is super important to understand how to gather and analyze relative data. Inventory levels. See if there are data types and graphs you can use in your appraisals. Appraisal Neighborhood Analysis. Appraisal Business Tips . Humor for Appraisers.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Appraisal Today

OCTOBER 14, 2022

Appraisal Risk, Reviews, and Revisions. Excerpts: This is part three of a three part series on appraisal review – Read parts one and two. I am often posed with the following question “How do you know when you are looking at a “good” appraisal?” Appraisers and AMCs spend less time and have fewer hassles. By Ken Dicks.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Less business for lenders and real estate brokerages, in return, is hurting title companies, tech vendors, appraisers and mortgage insurance firms.

Housing Market 395

Housing Market Marketing Brokerage Real Estate 395

Miller Samuel

FEBRUARY 12, 2019

When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. Overall inventory is up by about 17%, with a significant amount of supply coming from the studio and 1-bedroom market.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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. Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Rapid City, South Dakota. Rapid City, South Dakota. Los Angeles, California.

Housing Market 311

Housing Market Marketing Real Estate Real Estate Agent 311

Realtor

OCTOBER 16, 2023

This can give buyers the edge, as Ameer points out, “given today’s tight market with low inventory. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.” Being fully approved also allows buyers to close the deal in a much shorter time—two to three weeks in most cases.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Eppraisal

APRIL 20, 2021

Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. 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.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 78

Loan Officers Mortgage Buyers Real Estate Agent 78

Appraisal Today

MAY 10, 2024

Appraisersblogs with Dave Towne’s opinions plus many appraiser comments. Within this framework, the lender must include steps for the borrower to appeal an appraisal when they believe the value opinion: is unsupported; is deficient due to unacceptable appraisal practices; or reflects discriminatory practices.

Reconsideration of Value 73

Reconsideration of Value Appraisal Real Estate Insurance 73

Genworth MI Blog

JANUARY 24, 2019

Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loan officer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loan officers or others involved in process.

Loan Officers 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Housing Wire

SEPTEMBER 14, 2023

Through Aspire, Redwood plans to directly originate HEIs by leveraging the company’s nationwide correspondent network of loan officers and establishing direct-to-consumer origination channels, the company said. The banks have been slowly selling some of those, and Wall Street dealers have quite a bit in inventory.

Investors 306

Investors Investing Mortgage Real Estate 306

PennyMac

DECEMBER 22, 2020

In many cases, lenders are motivated sellers who do not want to sit on their REO inventory, and (depending on the bank’s history with the property) these homes may be priced at a discount. Step 5: Get an Appraisal on Your Ideal Property. During the appraisal, a licensed appraiser will take inventory of major systems (i.e.,

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Cornerstone

APRIL 2, 2021

Buyer activity remains high , and low inventory continues to pose a problem. Along with a patio and pool, fireplaces are still listed as a value-add amenity on a home’s appraisal report. Connect with a local loan officer now. Housing authorities like Freddie Mac predict a “strong spring sales season” ahead.

Decorating 41

Decorating Buyers Sellers Loan Officers 41

DataMaster

JUNE 9, 2021

Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. in April 2004. By April 2021, the rate fell to 64.6%. But the range goes even higher!

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. in April 2004. By April 2021, the rate fell to 64.6%. But the range goes even higher!

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78

DataMaster

JUNE 9, 2021

Due to covid-19 and the subsequent rise in building supply costs and drop in inventory, the effects on homeownership are yet to be seen. Ask a bank or loan officer, though, and their suggestions are higher, ranging from 28% to 35%. in April 2004. By April 2021, the rate fell to 64.6%. But the range goes even higher!

Mortgage 78

Mortgage Loan Officers Inventory Appraisal 78