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 367

Mortgage Marketing Loan Officers Real Estate Agent 367

Housing Wire

MAY 25, 2023

The National Association of Realtors (NAR) estimates that baby boomers made up roughly 39%, or 2.32 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. million, of those homes.

Loan Officers 397

Loan Officers Real Estate Agent Real Estate Finance 397

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! See the house?

Agents 409

Agents Real Estate Agent Brokerage Real Estate 409

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Cracking the code on marketing to the realtor channel.

Mortgage 370

Mortgage Real Estate Agent Loan Officers Agents 370

Housing Wire

APRIL 13, 2021

SentriLock , the home lockbox company wholly owned by the National Association of Realtors (NAR), announced Tuesday that they created a computer and smart phone platform to help real estate agents juggle their home showing appointments. Real estate agents and LOs: the great collaboration.

Real Estate Agent 410

Real Estate Agent Real Estate Brokerage Realtors 410

Housing Wire

OCTOBER 6, 2023

The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. And we are trying to help them navigate it because the market has overcapacity for both Realtors and loan officers right now,” Boyd said. “It’s hard for brokers to win deals now.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

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

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. They ask their Realtor or trusted friend or family member for a referral.

Business 375

Business Loan Officers Real Estate Agent Real Estate 375

Housing Wire

DECEMBER 6, 2022

range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender.

Real Estate 370

Real Estate Real Estate Agent Clients Agents 370

Housing Wire

MAY 20, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. According to the Hilton Head Area Association of Realtors , the median home sale price jumped 15.3% The agents on my team are having to be extremely competitive when making offers.

Housing Market 407

Housing Market Marketing Real Estate Agent Real Estate 407

PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. Another hat to place on your head?

Real Estate Agent 369

Real Estate Agent Real Estate Agents Clients 369

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 458

Real Estate Agent Loan Officers Real Estate Agents 458

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. Springfield, Missouri.

Housing Market 384

Housing Market Marketing Real Estate Agent Agents 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.”

Loan Officers 384

Loan Officers Inventory Real Estate Agent Buyers 384

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. .

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

McKissock

JANUARY 18, 2022

A skilled real estate agent can play a major role in guiding these fledgling property owners through the maze that is a real estate transaction. Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. How far will their budget truly go? Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

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. Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Rapid City, South Dakota. Rapid City, South Dakota.

Housing Market 363

Housing Market Marketing Real Estate Real Estate Agent 363

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Birmingham Appraisal

FEBRUARY 8, 2023

If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about. Agents can recommend to their buyers that if a waiver is used they can still get an independent appraisal to make sure they are not overpaying for the house.

Realtors 78

Realtors Appraisal Market Value Real Estate Agent 78

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

MARCH 1, 2022

Vishal Garg and his dolphins (google it) aim to “radically overhaul the analog mortgage process, which still involves commissioned loan officers, 2,000 pages of paperwork and manual intervention at every step.”. Real estate is a $206 billion industry, according to IBISWorld. And, why not? However, it didn’t work.

Real Estate 372

Real Estate Brokerage Real Estate Agent Technology 372

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 397

Clients Agents Buyers Sellers 397

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 380

Inventory Marketing Business Buyers 380

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 359

Real Estate Agent Real Estate Project Management Agents 359

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time. I thought it was sparse.

Lending 395

Lending Real Estate Agent Loan Officers Retail 395

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 400

Real Estate Agents Real Estate Agent Clients 400

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

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. It’s also the question most real estate agents and housing authorities are asking: “When will sellers start returning to the market?”

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

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

Genworth MI Blog

JULY 13, 2023

They matter to the lender to ensure the property is sufficient collateral for the loan amount. On the other hand, they’re important for buyers because they may identify physical concerns that either require more qualified inspections or repair and confirm that they are paying the fair market value.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

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. – Lawrence Yun , NAR’s (National Association of REALTORS®) Chief Economist. Remote work should open up more options.

Housing Market 52

Housing Market Marketing Sellers Inventory 52

Cornerstone

JUNE 8, 2021

As the National Association of REALTORS® (NAR) recently reported, there are 410,000 fewer homes listed than there were just a year ago.* In order to keep up the momentum in residential real estate, more listings must become available. The demands of these buyers give sellers enormous leverage. Reading Time: 4 minutes.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Housing Wire

SEPTEMBER 8, 2023

More than a few real estate agents have come to dread calling the closing company to find out when they can close. Loan officers dread having to email an appraisal firm for the report they’re waiting on. How many voice mails does your team leave for Realtors, consumers, lenders or appraisers on a daily basis?

Real Estate Agent 375

Real Estate Agent Real Estate Project Management Agents 375

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

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?

Brokerage 410

Brokerage Agents Real Estate Agent Real Estate 410

PennyMac

APRIL 2, 2020

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. Step 4: Find the Right Real Estate Agent. But be sure you’ve done your research before opting out of using an agent. when you find your dream home.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36