Housing Wire

NOVEMBER 23, 2022

As rates increase and housing prices correct in 2023, sellers will want to take advantage of improving their chances to do business with an excited buyer who can obtain a lower than market rate with seller participation,” Jeff Miller, vice president of Pacific Northwest at Churchill Mortgage , said. Lenders seize opportunity for lost volume.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Prior to the downturn, more than 90% of Nguyen’s business came from refinances. How is business delegated among team members?

Business 74

Business Retail Realtors Loan Officers 74

McKissock

APRIL 20, 2021

You should align with a broker for the office essentials and should operate like a full-time professional with clear expectations about your earning potential, said Valorie Easter , a Realtor in Charlottesville, Virginia. Work with a coach to map out your business. Dworshak was 53 when he started in the real estate business.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. A lender with $624.6

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

Genworth MI Blog

AUGUST 31, 2022

In some cases, this meant that interior inspections and appraisals relied on pictures and details from the homeowner or realtors involved in the sale rather than direct viewing. According to the National Association of Realtors (NAR), at the height of this activity in July 2021, 27% of buyers waived the inspection contract contingency.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. Answer Questions. Helping first-time buyers have a positive experience can lead to new referrals down the road.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Annarbor Appraisal

SEPTEMBER 6, 2020

When a sale is involved, the valuation may be lower than contracted price. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission. Most appraisers will respond to the ROV as a normal part of their business.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

AUGUST 16, 2023

We’ve also heard that some smaller lenders are bowing out, whether through M&A or simply closing business lines. The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Servicing is going to remain a great business for the foreseeable future.

Retail 370

Retail Real Estate Agent Business Mortgage 370

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. Marketing plans and strategies are key.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

AUGUST 4, 2023

And when it’s time to wade through complicated contract language or explain the benefits or drawbacks of a property, agents who communicate better have a leg up on their competition. Some old-school realtors need help to adapt to marketing methods beyond paper advertising or direct mail. Talent for negotiation Negotiation isn’t easy.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Housing Wire

SEPTEMBER 21, 2023

But I think there’s still kind of an old-school mentality: it’s a face-to-face, belly-to-belly style business. There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. JK: The truth is, it’s the same for my business. But it’s weird.

Technology 410

Technology Real Estate Agents Design 410

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. First of all, the value of an STR has three major components: 1) the real estate, 2) personal property, and 3) the business. Some appraisers are busy, and others have very little lender work. 28 Year low.

Appraisal 81

Appraisal Contracts Business Construction 81

Appraisal Today

MAY 12, 2023

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. If you make it through this downturn there will be few appraiser competitors left for the next big upturn in business.

Appraisal 52

Appraisal Architecture Business Contracts 52

Appraisal Today

JANUARY 12, 2024

When I started my business in 1986, several very experienced local appraisers said don’t make time adjustments for lender appraisals. In a significant drop in prices, in the 1990s, some appraisers who made negative adjustments lost their businesses. For example, to close their “deal” the borrower needs a bridge loan.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Clear Capital

SEPTEMBER 29, 2021

So, we’re excited to help CubiCasa grow as an independent company, serving customers independently, and open for business to any and all customers, and really to help drive the change for the industry towards modernization. The lender says the home’s worth $335,000, you’re at contract at $350,000. Kenon Chen.

Sellers 69

Sellers Agents Real Estate Buyers 69