Housing Wire

APRIL 1, 2024

“To my knowledge, we are the only ones who set this up as a traditional wholesale channel, which makes it easier for these third parties to add it as a product in the suite that they already have access to — all of their agency loans, government loans, jumbo, non-QM, construction. This is just one more arrow in their quiver.”

Loan Officers 344

Loan Officers Clients Mortgage Construction 344

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. and government loans were up 13% last week, according to the MBA estimates. from the week prior.

Mortgage 357

Mortgage Loan Officers Investors Government 357

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

FEBRUARY 3, 2023

This is done in advance of having a buyer in order to protect payments from going up in the current rate environment, Guaranteed Rate said in an announcement about the launch. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex.

Loan Officers 329

Loan Officers Buyers Contracts Mortgage 329

Housing Wire

NOVEMBER 7, 2023

Mortgage professionals voiced their concerns of the potential ripple effects that might have on those cash-strapped buyers, depending on the results of the commission lawsuits. “It Potter added: “Government lending would come to a halt. “But agent commissions have never been a closing cost from a buyer perspective.

Agents 438

Agents Sellers Buyers Finance 438

Housing Wire

FEBRUARY 15, 2024

But the good news is, more buyers have become aware of down payment assistance (DPA) options and are tapping into available resources for help, said Susanne Saller, a senior consultant at Caliber Home Loans. Eligibility for DPA programs is determined by multiple factors, including household income and credit scores.

Mortgage 438

Mortgage Buyers Loan Officers Sellers 438

Housing Wire

AUGUST 17, 2023

According to those analysts, investors in the bond market are reacting to the government issuing debt and expecting the Federal Reserve to increase rates in September amid persistent inflation. At Mortgage News Daily on Thursday morning, the 30-year fixed rate for conventional loans was 7.34%, up 29 basis points from the previous week.

Mortgage 329

Mortgage Supply Chain Government Buyers 329

Housing Wire

NOVEMBER 16, 2020

The exact cost of this varies based on your loan balance and down payment. Who they’re best for: First-time homebuyers, low-credit score buyers. VA loans are mortgage loans that are guaranteed by the Department of Veterans Affairs. USDA loans. USDA loans are mortgages backed by the U.S.

Mortgage 477

Mortgage Insurance Real Estate Agent Real Estate 477

Housing Wire

MAY 3, 2023

I wanted to close before May 1, so I selected a buyer who was already in underwriting. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. She made clear in our first conversation that the commission would only drop to 5% if she also found the buyer.

Agents 389

Agents Real Estate Agent Brokerage Real Estate 389

Housing Wire

JULY 14, 2022

The federal government on Wednesday reported that the consumer price index rose 9.1% Loan officers told HousingWire this week that they were quoting rates in the low 6% range on conventional products, but about 100 basis points lower on jumbos. on a year-over-year basis in June, far above Wall Street’s estimate of 8.8%.

Mortgage 356

Mortgage Loan Officers Housing Market Government 356

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 411

Housing Market Marketing Insurance Mortgage 411

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 367

Mortgage Finance Loan Officers Law 367

Realtor

NOVEMBER 7, 2023

If you’re a first-time home buyer , you might get a little queasy when the last line of your good-faith estimate comes in at several thousand dollars. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for. The origination fee is a small percentage of the total loan.

Inspection 196

Inspection Insurance Sellers Buyers 196

Realtor

OCTOBER 21, 2016

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. VA buyers should strongly consider investing in a home inspection as well. Free of mold.

Buyers 78

Buyers Inspection Loan Officers Real Estate 78

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Now under pressure in a shrinking market, they see their top loan officers transition to other competitors. By the same measure, Guild had just 1.1%

Mortgage 366

Mortgage Retail Lending Sellers 366

Realtor

OCTOBER 21, 2016

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. VA buyers should strongly consider investing in a home inspection as well. Free of mold.

Buyers 60

Buyers Inspection Loan Officers Real Estate 60

Housing Wire

MARCH 31, 2022

BH: There’s no question that non-QM is more difficult to originate than conforming or government loans, so many mainstream brokers and loan officers have been reluctant in the past to offer these products. HW: What are the challenges of educating originators on these products of rapidly changing guidelines?

Marketing 317

Marketing Investors Technology Loan Officers 317

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. When we get a borrower that comes in online, we do our good work to get them qualified to buy a home – these are mostly early stage buyers. Kim: NAF bought Marketplace Home Loans in 2018.

Retail 294

Retail Business Agents Loan Officers 294

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. The changes affect loan officers, processors and underwriters, but also top executives. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519

PennyMac

MARCH 4, 2024

Prepare for Meeting with a Loan Officer Once you find a prospective lender, you’ll meet with a loan officer or expert in person, through email or over the phone to discuss your mortgage options. This meeting will provide a foundation for your loan officer to match you with a home loan that meets your needs.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

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 439

Mortgage Loan Officers Inventory Business 439

Housing Wire

MARCH 1, 2022

Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business. Knock.com offers solutions for both buyers and sellers. KnockGO (guaranteed offer) fronts the buyer their loan so they can make a cash offer.

Real Estate 318

Real Estate Brokerage Real Estate Agent Technology 318

Miller Samuel

FEBRUARY 12, 2019

In ’09, Miller said sellers were anchored to the “pre-Lehman, pre-financial crisis asking prices” and had to travel farther on price to meet a buyer. Miller said there are more buyers today compared to 2009, but those buyers are “very jaded about what value is.” That process can take time. “If

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Genworth MI Blog

AUGUST 31, 2022

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. More buyers began purchasing homes as-is, waiving repairs.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

PennyMac

FEBRUARY 13, 2024

Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances? The loans that most often qualify for assumption are VA and FHA loans, which are backed by the federal government. Ask your loan officer for more information.

Mortgage 53

Mortgage Sellers Buyers Finance 53

Housing Wire

OCTOBER 1, 2022

The DOJ said that all of Lakeland’s branches were located in majority-white neighborhoods and that its loan officers did not serve the credit needs of Black and Hispanic neighborhoods in and around Newark. Lakeland, a community bank, operates 68 branches in northern New Jersey and in New York’s Hudson Valley.

Law 372

Law Loan Officers Lending Advertising 372

Assurance Financial

APRIL 29, 2021

If you are interested in a VA loan, your certificate of eligibility will verify that you are eligible for the loan. The federal government issues the certificate. Conforming Loan. A conforming loan meets the requirements set by Freddie Mac and Fannie Mae, two government-sponsored organizations that buy mortgages.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

PennyMac

JULY 25, 2022

Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. They are funded by a private lending institution and then typically sold to a government-sponsored entity such as Fannie Mae or Freddie Mac. Higher loan limits. Down payment options.

Insurance 36

Insurance Government Investing Mortgage 36

AmeriMac

MARCH 15, 2024

In this blog, we will delve into the world of AMCs, exploring their evolution, core functions , regulatory framework, and the benefits they offer to lenders, homeowners , and buyers. Loan officers can focus on other aspects of the loan origination process, knowing that the appraisal process is being handled by qualified professionals.

Appraisal 36

Appraisal Appraisal Process Valuation Real Estate 36

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgage 382

Mortgage Construction Lending Real Estate 382

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? The June 1, 2024 effective date was intended to provide advance notice to accommodate lenders’ and servicers’ internal governance processes. If buyers cannot get insurance or it is very expensive, it will affect value. Was it the borrower? A Zillow Zestimate?

Reconsideration of Value 76

Reconsideration of Value Appraisal Real Estate Insurance 76

Assurance Financial

JULY 23, 2021

f or Home Loans? Buying a home is a major commitment, both on the part of the buyer and the lender. As a buyer, you agree to take care of your new home and repay your mortgage based on the terms of the loan. Conventional mortgages typically require higher credit scores than government-backed mortgages.

Mortgage 69

Mortgage Lending Government Loan Officers 69

PennyMac

JUNE 1, 2022

Although few prospective home buyers have enough cash on hand to buy a property outright (which is where home mortgage loans come in), lenders still expect you to have enough money to make a down payment upfront. Those items you’ve been hauling around since childhood may just be worth a significant amount to the right buyer.

Buyers 36

Buyers Loan Officers Mortgage Investing 36

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. In an ideal world, both agents fight for the interest of their client (whether the buyer or the seller) and this results in a market value sale.

Appraisal 36

Appraisal Market Value Contracts Clients 36

PennyMac

SEPTEMBER 9, 2020

The down payment amount can vary depending on the type of loan for which you’re applying. Fortunately, there are numerous ways to save, as well as down payment assistance programs and other funding sources for buyers. Let’s first see what the down payment amount is for the type of loan you’re looking at.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Hale added that at this time, “buyers have the upper hand.” “I

Mortgage 366

Mortgage Marketing Buyers Lending 366

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