Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I wanted to close before May 1, so I selected a buyer who was already in underwriting. Congratulations!” You just sold your house.” And that was that!

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Agents Real Estate Agent Brokerage Real Estate 410

Housing Wire

MARCH 29, 2023

Home-price growth has slowed markedly in many parts of the country, which has helped to improve buyers’ purchasing power,” Joel Kan, MBA’s vice president and deputy chief economist, said. Arias said the spring season typically would have increased inventory levels that would indicate buyers and sellers are ready to come to the table. “We

Mortgage 410

Mortgage Real Estate Agent Buyers Loan Officers 410

Housing Wire

MAY 25, 2023

If we then look at data from the Federal Housing Administration (FHA), there were 2,063 Home Equity Conversion Mortgage (HECM) for Purchase loans endorsed in 2022 — less than 1/10th of 1% of homes sold last year. Few loan officers make the purchase product a main part of their business. Why is this market underserved?

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This is sick, and I want it to end,” said Sharon Aubuchon, a RE/MAX Premier Realty agent in Prairie Village, Kansas a suburb of Kansas City. Kansas City, Missouri.

Housing Market 369

Housing Market Marketing Real Estate Agent Loan Officers 369

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. This rapid increase in prices, coupled with local housing inventory dropping over 50% in 2021, has meant times are tough for buyers looking to settle in Bluffton.

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Housing Market Marketing Real Estate Agent Real Estate 409

Housing Wire

FEBRUARY 7, 2023

And many buyers are waiting on the sidelines, paralyzed by low housing inventory and high rates. It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate.

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Mortgage Loan Officers Government Buyers 384

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.”

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Loan Officers Inventory Real Estate Agent Buyers 384

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. It’s a two-story housing market in Southern California,” Cohen said.

Marketing 379

Marketing Mortgage Inventory Loan Officers 379

Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I

Housing Market 397

Housing Market Marketing Buyers Agents 397

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” and Austin.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Appraisal Buzz

OCTOBER 3, 2022

I am in the camp with many that believe the market will continue to feel price pressure, at least until inventory levels begin to return to normal (2019 or early 2020 levels, at least). Why inventory levels matter to appraisers. Inventory levels have an impact on property valuation, at least in the short term.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

APRIL 7, 2021

And despite fierce bidding wars, competition from institutional investors and sore wrists from writing dozens of heartfelt letters to home sellers, even buyers are growing in courage these days. Real estate agents and LOs: the great collaboration. points to 81.7.

Sellers 512

Sellers Real Estate Agent Real Estate Loan Officers 512

Housing Wire

APRIL 29, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. With inventory remaining tight and demand still strong, Davis only sees this trend increasing as we get further into spring. Conway, Arkansas. Rochester, New York.

Housing Market 381

Housing Market Marketing Agents Real Estate 381

Housing Wire

JANUARY 7, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The agent said rich “mainland” residents replaced international buyers, who are restricted in their travel amid the pandemic. San Diego, California.

Housing Market 393

Housing Market Marketing Real Estate Agent Agents 393

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes.

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Loan Officers Insurance Mortgage Real Estate Agent 369

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. But, while home prices in the area are still on the rise, the number of homes sold in Bend was down 24% year over year in April, according to Bend Premier Real Estate.

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Housing Market Marketing Real Estate Real Estate Agent 368

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. .

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Mortgage Real Estate Agent Real Estate Buyers 190

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.

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Retail Business Agents Loan Officers 362

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. This, however, doesn’t stop VA buyers from submitting an offer on the home. “We Terms are also really important.

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Clients Agents Buyers Sellers 397

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 522

Mortgage Marketing Retail Lending 522

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 431

Business Mortgage Loan Officers Inventory 431

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. Due in part to the inventory of available homes for sale being historically low, it was low at the end of 2019 and continues to drop. Your loan officer may even put your file through an initial underwriting. Then comes the issue of the appraisal.

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.

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Loan Officers Mortgage Buyers Real Estate Agent 78

Cornerstone

SEPTEMBER 3, 2021

A housing inventory shortage. Thankfully, housing inventory levels have slowly begun to rise. For buyers desperately in need of more listings, this is exciting news. And yet, though small inventory gains have been made, total housing inventory is still tight in most parts of the U.S. Climbing home prices.

Housing Market 49

Housing Market Marketing Inventory Loan Officers 49

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

Cornerstone

JANUARY 7, 2022

Affordability will increasingly be a challenge as interest rates and prices rise, but remote work may expand search areas and enable younger buyers to find their first homes sooner than they might have otherwise. With more housing inventory to hit the market, the intense multiple offers will start to ease. More sellers should list. “We

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions?

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Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

MAY 4, 2021

If you’re considering selling, your first step might be to begin looking into which remodeling projects may make your home more attractive to buyers. There aren’t enough houses to meet buyer demand. The average house is staying on the market for only around 18 days — and is receiving multiple offers from motivated buyers.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Genworth MI Blog

JULY 13, 2023

The current housing market has been met with low housing inventory, yet demand is still relatively high. They matter to the lender to ensure the property is sufficient collateral for the loan amount. They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc.

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Appraisal Inspection HOA Real Estate 78

Housing Wire

MAY 10, 2023

You may have heard the good news: In recent weeks, several mortgage and real estate brokerage execs have exclaimed that we may have already reached the bottom of the market. For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity.

Loan Officers 383

Loan Officers Marketing Inventory Real Estate Agent 383

Cornerstone

JUNE 8, 2021

The demands of these buyers give sellers enormous leverage. To provide an example, if you sell your home right now, you’re giving a buyer the chance to secure today’s record-low mortgage rates. No need to overinvest in upgrades that a buyer may decide to improve again anyway. Homeowners aren’t sure how long it’ll take to close.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

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. REO properties are attractive to homebuyers or real estate investors for several reasons. 10 Steps to Buying REO Properties.

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Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

MARCH 25, 2021

real estate agents, who are independent contractors. Benefits are available for all RE/MAX agents starting April 1, a company spokesperson confirmed, except those in Hawaii, where “coverage is forthcoming.”. Real estate agents and LOs: the great collaboration. The latest change?

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Brokerage Agents Real Estate Agent Real Estate 410

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? Ryan’s blog focuses on local real estate agents and market conditions, a most excellent method of becoming the “go-to” appraiser and getting lots of referrals from agents. If buyers cannot get insurance or it is very expensive, it will affect value.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Cleveland Appraisal Blog

MARCH 30, 2021

TODAY’S HOME BUYERS ARE LIKE THE CARP. There is a lot of demand out there, with very little inventory. This year, it appears that buyer panic is even worse than last year. It may be due to inventory levels continuing to drop. But buyers should think seriously about how much they are willing to spend right now. .

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

MAY 24, 2022

Most people paid those loans for 30 years, on time. Back then, the real estate agent found a home and the purchaser went to their bank and got a loan. This is a customer of an agent, and a customer of a bank, conducting a financial transaction and contractual purchase transaction. How do we clean the fields?

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Mortgage Real Estate Agent Business Loan Officers 432