Housing Wire

NOVEMBER 17, 2022

Some lenders have experienced a spike in borrowers’ demand for mortgage loans following last week’s rate collapse due to softer inflation data. However, according to executives and loan officers, it’s too early to say that this marks a turning point in the shrinking mortgage market.

Mortgage 397

Mortgage Loan Officers Retail Marketing 397

Housing Wire

DECEMBER 6, 2022

Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender. Looking back, Summers is glad she encouraged her buyers to swap lenders. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 367

Real Estate Real Estate Agent Clients Agents 367

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. More buyers, I think, adjusted to this market and understand this is what it is. We’re seeing less move-up buyers than we did before.

Marketing 367

Marketing Inventory Loan Officers Buyers 367

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 312

Real Estate Agent Real Estate Agents Loan Officers 312

Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said.

Housing Market 443

Housing Market Marketing Insurance Mortgage 443

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Our buyers are smarter than the media gives them credit for, and they’re coming in strong.

Loan Officers 318

Loan Officers Business Mortgage Clients 318

Housing Wire

JULY 15, 2022

Brian Gubernick: While I do not think I have a favorite article, I definitely have a favorite section right now…and that’s “Mortgage” ! This includes developing a stronger knowledge about mortgage products, origination, compliance and regulatory matters, how loan officers operate day to day and mortgage sales.

Real Estate 385

Real Estate Realtors Brokerage Business 385

Housing Wire

MARCH 30, 2023

My perspective is, you need to have companies that are willing to open up that credit risk profile in order to help your loan officers bring in volume. In a market where every loan counts, that’s a great resource for loan officers to have those outlets. So it’s currently just two.

Mortgage 381

Mortgage Retail Loan Officers Brokerage 381

Housing Wire

MARCH 31, 2022

That’s because non-QM rates are generally 2 to 3 points higher than QM loans, and candidates for non-QM refinances probably aren’t being bombarded with refinance offers every time rates drop a quarter of a point. What has definitely changed, as the market mix has shifted, is the interest in non-QM from traditional lenders and brokers.

Marketing 360

Marketing Investors Technology Loan Officers 360

Housing Wire

OCTOBER 27, 2020

Many first-time buyers have never taken out a credit card or loan before, and therefore they have no credit score at all. Your credit definitely matters when buying a home, so make an effort to increase your score and settle any overdue accounts before filling out a mortgage application. Myth 3: You don’t have credit at all.

Loan Officers 343

Loan Officers Technology Mortgage Buyers 343

Housing Wire

MARCH 16, 2023

As applicants – especially self-employed buyers – gather proof of income, the DTI ratio could change from the application to closing. It’s going to push more people into private financings, such as jumbo-type financing, even on conforming loan amounts, LOs against the DTI-based LLPAs, said Baret Kechian , a loan officer at loanDepot. “If

Mortgage 382

Mortgage Finance Loan Officers Law 382

Riverfront Appraisals

JULY 29, 2021

This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered communication with the appraiser, reconsiderations of value, FHA appraisals and a few other topics you should definitely go check out.

Reconsideration of Value 100

Reconsideration of Value Appraisal Appraisal Process Loan Officers 100

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

Inventory 361

Inventory Marketing Business Buyers 361

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. Coming in at Realtor.com’s No.

Housing Market 351

Housing Market Marketing Real Estate Real Estate Agent 351

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 400

Business Loan Officers Clients Inventory 400

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 446

Real Estate Agent Loan Officers Real Estate Agents 446

Housing Wire

DECEMBER 29, 2023

You have all these buyers that have been waiting for rates to come back and now they’re back and all this becomes really competitive again.” Strategies for 2024 I’m heavily focused on recruiting , improving technology and marketing, empowering the loan officers — by giving them the same technology and marketing support.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

Mortgage 384

Mortgage Investors Clients Marketing 384

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 428

Business Mortgage Loan Officers Inventory 428

Housing Wire

SEPTEMBER 16, 2020

A well-qualified buyer these days can find a mortgage at historically low interest rates. There are definitely capacity issues across the board and people are taking 60-days-plus to do refinances, and we’re doing them in 15. But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia.

Mortgage 466

Mortgage Marketing Technology Loan Officers 466

Housing Wire

DECEMBER 11, 2023

We are definitely seeing an uptick in demand. The mortgage rate dip is welcome news for the housing market, but loan originators and industry executives emphasized that rates need to decline further and remain stable to reinvigorate buyers’ demand. Rates are too volatile for buyers to have that confidence, Oakes noted.

Mortgage 458

Mortgage Buyers Inventory Technology 458

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. Some managers grant loan officers certain allowances to reduce rates , thereby eliminating the need to ask for permission for a discount, multiple sources said.

Loan Officers 407

Loan Officers Mortgage Lending Real Estate Agent 407

McKissock

APRIL 20, 2021

Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Refer buyers and sellers out to other agents locally and across the country. Work with a coach to map out your business. Join a real estate team that can handle administrative work.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Chicagoland Appraisal Blog

MARCH 14, 2017

But then things got interesting because through the course of the transaction someone showed me an email from the loan officer where I learned the AMC was actually charging the buyer $345 higher than the fee I quoted. My Thoughts: I think this is a GIANT step backward and goes directly against ensuring public trust.

Appraisal 78

Appraisal Real Estate Property Appraisal Loan Officers 78

Assurance Financial

APRIL 29, 2021

If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Use the home loan glossary below to get familiar with terms and definitions that might be new to you.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Housing Wire

OCTOBER 20, 2023

Include this photo in a gallery that contains multiple high-quality photos of the listing; this will prevent interested buyers from having to spend time finding a link to view the home. On the photo, include the date, time, address, price, and if space allows, features of the property. This is also a great way to show off your listings.

Real Estate 385

Real Estate Agents Real Estate Agent Clients 385

PennyMac

OCTOBER 13, 2021

So why not give [buyers] what they want: [To get an inside look without feeling guilty or obligated!] 360° virtual tours enable [prospective buyers] to get a better sense of the space and feel as if they're in the property itself. Invest in educating potential [buyers] digitally. 2) Step Up Your Marketing With Instagram.

Real Estate 41

Real Estate Marketing Real Estate Agent Agents 41

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). If buyers cannot get insurance or it is very expensive, it will affect value. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

PennyMac

APRIL 5, 2022

In short, it serves as proof to sellers that you’re a serious and reliable buyer. It proves that your finances, employment, and other pertinent information have been evaluated and that you’ve been qualified for a loan up to a certain amount. On the surface, some buyers may think that a pre-qualification should be enough.

Mortgage 36

Mortgage Sellers Finance Buyers 36

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. Fewer buyers in the market also means homebuilders are enticing shoppers with incentives, which negatively affects margins. Though not necessarily to buyers with financing.

Housing Market 434

Housing Market Marketing Brokerage Real Estate 434

PennyMac

APRIL 18, 2022

Buyer builds equity in the home. Property taxes and HOA fees are the buyer’s responsibility. Buyer has full control over home improvements and upgrades. Buyer has full control over home improvements and upgrades. Buyer incurs any maintenance and repair cost. Pros and Cons of Buying a House.

Landlords 36

Landlords Property Taxes HOA Insurance 36

PennyMac

JULY 25, 2022

Today, we want to take a closer look at two of the most commonly purchased mortgage types: conventional loans and FHA loans. What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity.

Insurance 36

Insurance Government Investing Mortgage 36

Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. The nation’s biggest banks stepped in to stabilize the lender with $30 billion of their own money, giving the Federal Depository Insurance Corporation time to find a buyer. After a weekend of negotiations, the FDIC sold First Republic to JPMorgan.

Marketing 343

Marketing Retail Mortgage Investors 343

PennyMac

OCTOBER 13, 2021

And there are some definite pluses in the existing home column. There may be 20 new tract homes available, but there's only one ranch-style home in your favorite neighborhood with all the coveted features you are looking for (and 10 other buyers feel the same). Cheaper selling price. It may not be up to code.

Construction 36

Construction Property Taxes Inspection HOA 36

Appraisal Today

SEPTEMBER 15, 2023

To read more click here My comments: Definitely an appraisal challenge! == GSE FAQs: Appraiser Independence (AIR) (Aug. May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Will Springer Realtor

MARCH 30, 2021

In this seller-friendly market, sometimes dozens of buyers make bids on a single home. To receive such a letter, the lending company’s underwriter has already verified the buyer’s credit, income and assets (or “CIA”) to essentially guarantee the loan. They are definitely being earnest with a strong deposit amount.

Inspection 36

Inspection Sellers Buyers Real Estate 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. Taking his classes is definitely worth the time.

Appraisal 79

Appraisal Contracts Business Construction 79