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Newrez partners with Newzip to court more homebuyers

Housing Wire

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

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RESPA enforcement is back — are you ready?

Housing Wire

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

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Redfin closes $138M deal for mortgage lender

Housing Wire

million premium over Bay Equity’s tangible book value” as of Feb. 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. The purchase price “represents a $72.5 Presented by: 1000watt.

Mortgage 365
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How should LOs prepare for the market ahead?

Housing Wire

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A These hopes for a declining rate have many loan officers feeling optimistic about 2023’s business prospects after experiencing lower volumes last year. A 5% market will be good. Make a plan.

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Bridging the gaps in the home buying process

Housing Wire

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Running the table in a real estate transaction is not for the faint of heart, nor for the passive.

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AmeriFirst Financial gets back into forward mortgage origination

Housing Wire

AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage. Another priority for AmeriFirst Financial is for loan officers to target potential homebuyers before they hit the market.

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As the market shifts to purchase, LOs get creative

Housing Wire

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, some newcomers to the industry haven’t been lucky in growing their book of business. Finding business the traditional way.

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