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 441

Housing Market Marketing Insurance Mortgage 441

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

Insurance 370

Insurance Loan Officers Sellers Mortgage 370

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 345

Real Estate Agent Real Estate Agents Loan Officers 345

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. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Those assurances come with a price.

Inspection 196

Inspection Insurance Sellers Buyers 196

Housing Wire

FEBRUARY 19, 2021

Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. This might occur if the previous homeowner made an insurance claim for some sort of high-risk condition — like mold or severe water damage.

Insurance 532

Insurance Loan Officers Housing Market Appraisal 532

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. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 393

Clients Agents Buyers Sellers 393

Housing Wire

DECEMBER 22, 2020

It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. You can offer more if you’re looking to get a leg up over other buyers. If you back out of the deal, the seller gets to keep it. If you back out of the deal, the seller gets to keep it. You’re not alone.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

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 352

Valuation Real Estate Agent Real Estate Clients 352

PennyMac

MARCH 4, 2024

Starting the Loan Certification Process When choosing a lender, look for one that offers a written letter or certification you can provide to sellers to let them know you are qualified. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

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

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. It comes at a time in which the housing market favors buyers and seller concessions become more frequent.

Mortgage 393

Mortgage Loan Officers Finance Investors 393

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? That still leaves $27,520 that must be paid in cash to the seller, which you can settle during the loan assumption transaction, much like a traditional down payment.

Mortgage 53

Mortgage Sellers Buyers Finance 53

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.” In 2009, the average discount from listing was 10.2%.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

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 453

Real Estate Agent Loan Officers Real Estate Agents 453

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 364

Real Estate Agent Real Estate Project Management Agents 364

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 423

Business Mortgage Loan Officers Inventory 423

Genworth MI Blog

AUGUST 31, 2022

With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer. More buyers began purchasing homes as-is, waiving repairs. Some buyers have even gone a step further by waiving inspections altogether. Q: What are the concerns with buyers waiving inspections? .

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Title plants are datasets of records that are critical to underwriting title insurance policies for real estate transactions. But for First American, its shrewd investments in rising proptech companies are a core business strategy.

Mortgage 368

Mortgage Real Estate Investing Technology 368

Assurance Financial

APRIL 29, 2021

Earnest money is a portion of the sale price of the home that a buyer pays upfront, after the seller accepts their offer. The deposit shows that a buyer is serious and allows the seller to take the home off the market. If the buyer backs out of the sale, the seller gets to keep the earnest money.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

PennyMac

JUNE 28, 2022

More specifically, closing costs are fees that you (as the buyer) will pay to third parties who have performed services for purchasing your home. Closing costs can apply to both the buyer and seller. Most of the fees involved in closing costs apply primarily to the buyer, so usually the buyer pays most of the closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

Mortgage 74

Mortgage Sellers Buyers Finance 74

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. Receive basic training in contracts and how to price properties using comparative marketing analysis.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Some examples of this are buyers purchasing a home, owners refinancing a home, and clients who are building a home. Appraisal vs Home Inspection.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Quicken Loans

JUNE 10, 2021

The first step we recommend any home buyer take is to get a mortgage preapproval. The idea behind a preapproval is simple: Before checking out what’s on the market, you should be confident that you know how much a lender will loan you. Keep in mind that you won’t need all of this documentation to get your loan preapproved.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

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

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. Rental insurance is inexpensive.

Landlords 36

Landlords Property Taxes HOA Insurance 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. Step 3: Find a Real Estate Buyer’s Agent Who Knows REO Homes. 10 Steps to Buying REO Properties. Step 4: Refine Your List of Lender-Owned Properties.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

PennyMac

APRIL 2, 2020

Getting this first step in the loan process completed before you start looking at homes will ensure that you are ready to make an offer (and succeed!) Plus, some sellers will only consider offers from buyers who are pre-approved, so it’s best to set yourself up for success with this easy move.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. 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

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. Technology plays a big role. Presented by: Propertybase.

Real Estate 442

Real Estate Business Valuation Technology 442

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 401

Technology Real Estate Agents Design 401

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. Only one can win. Clean is best – Make the cleanest offer possible.

Inspection 36

Inspection Sellers Buyers Real Estate 36

Appraisal Today

OCTOBER 14, 2022

I’m always looking for something new ;> Nearly Two-Thirds of Homebuyers and Sellers Are Hesitant to Move Somewhere With Climate Risk. Meanwhile, 15% of buyers and sellers said climate change caused them to search in a different part of their area. Lenders want fire insurance for all mortgage loans.

Appraisal 52

Appraisal Insurance Real Estate Business 52

PennyMac

SEPTEMBER 2, 2020

VA home loans have many well-known benefits, including low rates and the exciting combination of no down payment and no mortgage insurance. Lenders are able to offer veterans these excellent terms because VA home loans are backed by the U.S. No Private Mortgage Insurance. VA loans, due to their backing by the U.S.

Insurance 36

Insurance Finance Government Mortgage 36

PennyMac

JUNE 14, 2021

A real estate agent — specifically a buyer’s agent — can help you through every step of the homebuying process. A good buyer’s agent paves the way to a smooth and successful homebuying experience. But what exactly does a buyer’s agent do, and why are they so important? They know just the place.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36

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. I mean, like, total disaster of a listing that’s been sitting on the market for months in the midst of a very hot seller’s market. But the buyer goes, “I just have one condition. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69

Assurance Financial

JULY 27, 2021

You need to repay the mortgage according to the terms of the loan. Most mortgages require you to make monthly payments of principal, interest and other fees, such as private mortgage insurance (PMI). How long you need to pay for insurance depends on how long it takes you to pay off at least 20% of the home’s value.

Mortgage 69

Mortgage Government Construction Insurance 69