Housing Wire

NOVEMBER 18, 2022

This week, American Financing Corporation reduced employee headcount by almost two thirds and power buyer Homeward slashed 25% of its workforce as the companies faced headwinds. Presented by: ServiceLink. According to the power buyer, it recorded a revenue increase of five-fold year over year through February 2022.

Loan Officers 421

Loan Officers Modernization Finance Housing Market 421

Housing Wire

JUNE 24, 2021

According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer. Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 394

Valuation Real Estate Agent Real Estate Clients 394

Housing Wire

SEPTEMBER 5, 2023

Those will inevitably flow through a lender, so we make sure that the lenders have as much information as possible around what might be the best, most appropriate alternatives to present to borrowers. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

Technology 397

Technology Mortgage Tools Insurance 397

Realtor

OCTOBER 16, 2023

for first-time buyers is $12,274 (around 6%), in addition to $1,983 in closing costs. ” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Listing agents are going to recommend their seller ask for shorter time periods for loan approval.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

PennyMac

MARCH 4, 2024

Down Payment and Mortgage Insurance Most, but not all, home loans will require a down payment. When comparing mortgage lenders, be sure to inquire about which loans they offer, especially if you’re interested in a non-conventional loan, such as a FHA or VA loan.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans.

Buyers 432

Buyers Tools Mortgage Lending 432

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Should a buyer fail to make payments later on, PMI helps the lender recover its losses.

Appraisal 52

Appraisal Renovations Insurance Home Value 52

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. Technological connectivity The new generation of buyers is going all in on technology.

Real Estate Agent 415

Real Estate Agent Real Estate Project Management Agents 415

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. Mortgage Insurance (MI) may change depending on the LTV.

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. Presented by: FormFree. Lakeland Bank admitted no wrongdoing as part of a consent decree.

Law 410

Law Loan Officers Lending Advertising 410

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. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. Step 4: Refine Your List of Lender-Owned Properties. Step 10: Closing.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

JULY 9, 2021

Homebuyers and sellers contend with a variety of entities — banks, insurance companies, mortgage servicers, appraisal companies, title providers, agents, brokerages, and even real estate marketers— and the process can be labyrinthine to even those who have gone through it before. Presented by: Propertybase. Technology plays a big role.

Real Estate 450

Real Estate Business Valuation Technology 450

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. And, frankly, give them more time in the day to spend with their buyer or seller.

Technology 410

Technology Real Estate Agents Design 410

Housing Wire

AUGUST 27, 2021

Presented by: iEmergent. Where I take issue with the GSEs’ pricing methodology is how they combine loan-level pricing adjustments ( LL P A’s ) on top of base g-fees for low downpayment borrowers at levels that some have stated seem excessive. When I started my career as a loan officer, there were no credit scores.

Mortgage 421

Mortgage Lending Loan Officers Insurance 421

Appraisal Today

OCTOBER 14, 2022

After many years of reading appraisal reports, my response is “One that leaves the reader with few unanswered questions, allows the data to tell the story, keeps appraiser interventions to a minimum and is able to present a case for what a property is worth, as well as what it is not worth.”. Many residents don’t have flood insurance.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Appraisal Today

OCTOBER 21, 2022

Check with your E&O insurance company to see if they offer tail coverage and what the requirements are. But what will happen in the future when buyers say they paid too much or lenders say the appraisal was too high or not USPAP compliant for appraisals you did in the past? Appraisals are ordered after the loan application.

Appraisal 52

Appraisal Marketing Contracts Insurance 52

Housing Wire

APRIL 13, 2022

As a driver of the economy, housing should be bolstered by: Non-bank lending institutions to lend in lower-income areas and to minorities in the same way that CRA provides for banks Reducing government-insured and guaranteed mortgage loan fees. While home inventories remain low, the prospects for first-time buyers diminish.

Insurance 384

Insurance Construction Government Lending 384

AmeriMac

MARCH 29, 2024

The reverse mortgage process typically begins with a borrower contacting a loan officer who specializes in reverse mortgages. The loan officer will assess the homeowner’s eligibility and explain the details of the loan, including the potential loan amount and repayment terms.

Mortgage Appraisal 36

Mortgage Appraisal Appraisal Mortgage Appraisal Process 36

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. And then he actually gets a voicemail from a potential buyer asking him to call him back. And the buyers like, “I would like to buy this house full asking price.” The buyer is like, “yeah.

Sellers 69

Sellers Agents Real Estate Buyers 69