Housing Wire

NOVEMBER 7, 2023

It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. So how do you provide overwhelming value to your buyer clients? For Sale By Owners are the same. Be a matchmaker.

Clients 395

Clients Buyers Real Estate Agent Real Estate 395

Housing Wire

APRIL 7, 2021

Home sellers are chomping at the bit. As the economy reopens, vaccinations continue to roll out and stimulus checks reach bank accounts across America, home sellers are increasingly optimistic. ” Duncan added that home sellers are citing high home prices and tight inventory as primary reasons why it’s a good time to sell.

Sellers 509

Sellers Real Estate Agent Real Estate Loan Officers 509

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 533

Housing Market Buyers Marketing Real Estate Agent 533

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s There are also advantages to working with buyers in a less competitive marketplace.

Loan Officers 394

Loan Officers Mortgage Inventory Clients 394

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. The company is also a direct lender and an approved seller and servicer by Freddie Mac , Fannie Mae , and Ginnie Mae.

Buyers 360

Buyers Retail Loan Officers Insurance 360

Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. Dubbed Newrez Home Rewards, buyers will be matched with a real estate agent who works with Newzip and provided booking services.

Real Estate Agent 401

Real Estate Agent Real Estate Agents Loan Officers 401

Housing Wire

SEPTEMBER 30, 2022

To convince borrowers to take out a mortgage loan, some loan officers and lenders are highlighting how home prices are more affordable now than last year – and the ability of a borrower to refinance the loan when rates decline again. Still the seller’s motivation is the key factor for whether to drop the price or not.

Buyers 454

Buyers Mortgage Loan Officers Retail 454

Housing Wire

APRIL 5, 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. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

Buyers 456

Buyers Real Estate Agent Real Estate Brokerage 456

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 It was through seller incentives that loan originator Ryan Grant helped his FHA borrower buy down 3.5 points from the 7.5%

Agents 451

Agents Sellers Buyers Finance 451

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 443

Finance Real Estate Agent Real Estate Insurance 443

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

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown? What are the pros and cons?

Loan Officers 437

Loan Officers Sellers Clients Buyers 437

Housing Wire

APRIL 12, 2023

Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. The majority of the 155 respondents – about 70% of the total – noted temporary rate buydowns funded by the seller, builder or lender are offered as incentives to buyers.

Mortgage 332

Mortgage Marketing Loan Officers Real Estate Agent 332

Housing Wire

APRIL 1, 2023

Brena Nath, Director of HW+ and Events When looking at the home-buying process, I’ve always found it fascinating and impressive that the title agent usually wins the buyer-driven social media post. To add to the story, the buyer usually doesn’t even pick the title agent — the seller does.

Real Estate Agent 368

Real Estate Agent Loan Officers Agents Sellers 368

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.

Mortgage 377

Mortgage Loan Officers Government Buyers 377

Housing Wire

APRIL 1, 2024

While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry. The loan officer must carefully assess the borrower’s ability to repay and consult with the client’s Realtors to determine the resale value and condition of the departing home,” Yen said. “It

Loan Officers 376

Loan Officers Clients Mortgage Construction 376

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. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. from the week prior.

Mortgage 374

Mortgage Loan Officers Investors Government 374

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024.

Mortgage 481

Mortgage New Listings Loan Officers Inventory 481

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” The guys who are doing buyouts now are going to be buying with their own cash,” he said. “I

Mortgage 437

Mortgage Loan Officers Finance Buyers 437

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 404

Mortgage Real Estate Agent Buyers Loan Officers 404

Housing Wire

SEPTEMBER 22, 2022

from the beginning of this year, but they may have not peaked, putting pressure on affordability challenges for most prospective buyers as the Federal Reserve vows to tame inflation. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment.

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

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. In addition, homebuyers might have to deal with sellers who are reluctant to sell their homes to DPA borrowers.

Mortgage 445

Mortgage Buyers Loan Officers Sellers 445

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 403

Agents Real Estate Agent Brokerage Real Estate 403

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Aubuchon says buyers are making too many concessions. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.”

Housing Market 353

Housing Market Marketing Real Estate Agent Realty 353

Housing Wire

APRIL 13, 2021

Putting a home on the market on a Friday or Saturday is risky, since potential buyers may have already filled their weekend with other home tours, said Redfin Chief Economist Daryl Fairweather. “And listing on a Sunday or Monday means buyers may lose interest before the following weekend,” Fairweather said.

Sellers 407

Sellers Buyers Real Estate Agent Real Estate 407

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . . “We received about a dozen offers, which is actually a low number by today’s standards.

Marketing 492

Marketing Sellers Finance Loan Officers 492

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” . In fact, it’s a total team effort. ” 4.

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

MAY 25, 2023

Few loan officers make the purchase product a main part of their business. Real estate agents, loan officers and builders can attract customers they have never captured before. Many of these loan officers have existing relationships with real estate agents and builders,” Cooper said. “If

Loan Officers 390

Loan Officers Real Estate Agent Real Estate Finance 390

Housing Wire

FEBRUARY 10, 2023

Buyers seem like they can’t get a break,” Kechian said. “I I really think they had about three months last year where it was a buyers market in the fourth quarter. Literally, we’re right back to being a seller’s market again.” We’ve been advising them how to use it with the sellers.

Marketing 364

Marketing Inventory Loan Officers Buyers 364

Housing Wire

APRIL 7, 2021

. “The pandemic has catalyzed purchases by millennial first-time buyers, many of whom can now work from anywhere.” Zillow officials said homes on its 3D Home Tour platform were saved by buyers 32% more than homes without, and received, on average, 29% more views than listings without. Presented by: Propertybase.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

SEPTEMBER 29, 2022

In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business. If you don’t have the best technology platforms, you are losing loans and leaving both borrowers and Realtors behind. Presented on Oct. Presented on Oct.

Loan Officers 357

Loan Officers Real Estate Technology Business 357

Appraisal Buzz

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. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz.

Agents 195

Agents Appraisal Real Estate Agent Loan Officers 195

Housing Wire

MARCH 2, 2023

Lower mortgage rates back in January brought buyers back into the market. Now that rates are moving up, affordability is hindered and making it difficult for potential buyers to act, particularly for repeat buyers with existing mortgages at less than half of current rates,” he said.

Mortgage 436

Mortgage Buyers Loan Officers Marketing 436

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 378

Loan Officers Inventory Real Estate Agent Buyers 378

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 302

Real Estate Agent Real Estate Agents Loan Officers 302

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 370

Mortgage Loan Officers Clients Housing Market 370

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 391

Clients Agents Buyers Sellers 391