Remove Book Remove Clients Remove Insurance Remove Lending
article thumbnail

Agents fight misconceptions to win deals for military veteran clients

Housing Wire

First, he has his clients lender call the listing agent. But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

Clients 393
article thumbnail

How to vet private money lenders for real estate investing

Housing Wire

If your state requires a lending license, make sure a the lender is licensed. In comparison to larger banks or even a local credit union, private lending is more reliant on relationships. Establish a private money lending network for real estate. Put together a deal pitch book.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Ocwen to buy Texas Capital’s correspondent business

Housing Wire

Texas Capital Bank is selling its entire $14 billion book of mortgage servicing rights to PHH Mortgage , a subsidiary of Ocwen Financial Corp , for a “modest profit.” Texas Capital’s correspondent lending business originated approximately $2.4 The transaction is expected to close in the second quarter of this year.

Business 212
article thumbnail

Mortgage lenders, borrowers react to banks closures 

Housing Wire

Silicon Valley Bank collapsed last week after it lacked the liquidity to pay for clients’ withdrawals. Client funds are held in insured deposit accounts at a mix of money centers and regional banks, the company said. Rates for jumbo loan balances (greater than $726,200) went from 6.49% to 6.39% in the same period.

Mortgage 370
article thumbnail

Who’s positioned to capitalize on Wells Fargo’s mortgage retreat

Housing Wire

s mortgage business has been the subject of industry speculation in the wake of a Bloomberg report indicating that the lending giant plans to shrink its enormous mortgage footprint , including a likely pull-back from the correspondent lending business. The lender’s correspondent clients include other banks and mortgage companies.

Mortgage 370
article thumbnail

Rumors, rumors everywhere, but no Wells Fargo MSR deal — so far

Housing Wire

Wells Fargo officials have not commented on the rumors, so speculation is likely to persist over whether the lending giant is about to launch a potentially market-disrupting MSR offering. Fueling the rumor in this case is Wells Fargo’s recently announced plans to reduce its MSR portfolio, valued on its books at $9.3

Buyers 373
article thumbnail

New Year, New You: Transforming Your Appraisal Career in 2023

McKissock

There are appraisal jobs available in the lending sector, such as staff appraisers, review appraisers, fee panel managers, and with experience and time on the job, chief appraiser and valuation compliance officer jobs can be found. Non-lending appraisal courses. Non-lending appraisal courses. Who staffs these types of jobs?