Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. debt-to-income requirements) instead of requiring substantive changes to the real estate process.

Buyers 414

Buyers Loan Officers Real Estate Agent Agents 414

Housing Wire

FEBRUARY 24, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. HW: What steps in the real estate transaction could benefit from further digitalization?

Real Estate Agent 369

Real Estate Agent Real Estate Agents Loan Officers 369

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. The mortgage process involves many moving pieces and relationships with a variety of stakeholders.

Real Estate 423

Real Estate Real Estate Agent Loan Officers Agents 423

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

MAY 25, 2023

Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Why is this market underserved?

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans.

Mortgage 464

Mortgage Real Estate Agent Renovations Finance 464

Housing Wire

JUNE 22, 2023

In its originations business, AmeriFirst kept its business purpose lending (BPL), providing four products, including debt-service coverage ratio (DSCR) loans, bridge financing, investor construction loans and residential transition loans (RTLs).

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Business 370

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. a loan officer in Washington noted.

Mortgage 392

Mortgage Marketing Loan Officers Real Estate Agent 392

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Mortgage 370

Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G. HousingWire: Why should referrals be a key part of originators’ strategies?

Business 411

Business Loan Officers Real Estate Agent Real Estate 411

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Join a real estate team that can handle administrative work.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

DECEMBER 27, 2022

.” Houses were selling at a fever pitch in a matter of days, with multiple offers, waived contingencies and buyers paying $100,000(!) The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. over asking price. High octane stuff. But the housing market in the second half of 2022?

Housing Market 523

Housing Market Marketing Real Estate Agent Real Estate 523

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. The pendulum hasn’t swung back to where buyers are asking 10, 15, 20% lower than what listings are for.”

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

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 457

Real Estate Agent Loan Officers Real Estate Agents 457

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. “Many listing agents are requiring that, no matter the price range. ” 5.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

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 393

Inventory Marketing Business Buyers 393

Kairos Appraisal Services

JANUARY 9, 2023

Whether you are a seller, a buyer, a real estate agent, or a loan officer, using accurate property comps is essential for determining a listing price, financing for a mortgage loan, and assessing how much equity is in the… The post How to Get Accurate Property Comps appeared first on Kairos.

Real Estate Agent 52

Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Among mortgage brokers, Cohen ranked first.

Marketing 382

Marketing Mortgage Inventory Loan Officers 382

Housing Wire

MARCH 1, 2022

In 2019 we published a feature story about “Who will be the Amazon of housing?” — and then explored world-domination theories that painted Zillow , Redfin , Opendoor (and maybe Amazon itself) taking over the entire end-to-end housing sales and financing process. Real estate is a $206 billion industry, according to IBISWorld.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle.

Clients 393

Clients Agents Buyers Sellers 393

Housing Wire

NOVEMBER 1, 2021

That means you’ve been thinking about real estate agents…a lot. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. It’s the real estate agent who has the consumer’s trust at this point. You can be part of it.

Real Estate Agent 414

Real Estate Agent Real Estate Agents Lending 414

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MAY 6, 2024

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.

Real Estate Agent 407

Real Estate Agent Real Estate Project Management Agents 407

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. Because there are retail LOs building that in-person relationship with their real estate agents and financial advisors. The call center is going to be the in-market agent’s best friend.

Retail 370

Retail Business Agents Loan Officers 370

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

Housing Wire

SEPTEMBER 14, 2020

Zillow , for instance, is still enticing new home buyers to transact and Carvana makes it possible to buy a new or used car from the comfort of home. In addition, they must change their entire approach to the business because borrowers have changed their expectations of the home finance industry. After that, it tends to get messy.

Lending 457

Lending Mortgage Technology Business 457

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 424

Business Mortgage Loan Officers Inventory 424

Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. Your loan officer may even put your file through an initial underwriting. It's that simple.

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 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Housing Wire

MARCH 30, 2022

Paul Hurst: In my new role, I’m responsible for evaluating – together with our business units – the most promising new spaces for innovation within the real estate and mortgage finance ecosystem.

Mortgage 370

Mortgage Real Estate Investing Technology 370

Housing Wire

OCTOBER 20, 2023

And with millennials emerging as the largest generation of homebuyers in today’s market, comprising 28% of all homebuyers, real estate agents need to master social media or they might miss out. Sixty percent of agents surveyed believe that social media provides higher quality leads than the MLS.

Real Estate 404

Real Estate Agents Real Estate Agent Clients 404

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. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 424

Loan Officers Mortgage Lending Real Estate Agent 424

Cornerstone

SEPTEMBER 3, 2021

For buyers desperately in need of more listings, this is exciting news. Bidding wars and high buyer competition. Bidding wars and high buyer competition. When you couple today’s continued housing shortage with a boom in buyer demand, you get a housing market rife with bidding wars and competition. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

PennyMac

OCTOBER 12, 2022

You and your real estate agent can then use this informal evaluation to refine your search to properties that are within your expected budget range. This will give the lender a clear picture of your finances and capabilities. Mortgage Pre-Qualification vs. Pre-Approval. Pre-approval , on the other hand, is more official.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

PennyMac

DECEMBER 22, 2020

Many potential homebuyers and investors overlook bank-owned properties, but for buyers who take the time to understand the REO process, these homes can be a significant opportunity. Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). The mortgage loan officer handling the loan? If buyers cannot get insurance or it is very expensive, it will affect value.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69