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Northpointe Bank to shutter its correspondent lending business

Housing Wire

Northpointe Bank , a regional bank headquartered in Michigan, will walk away from its correspondent lending business to focus on its retail lending, mortgage warehouse financing division and specialty loan servicing business. Production declined 25% to $5.49 billion in 2022 from the previous year’s volume of $7.29

Lending 351
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A loan officer’s ultimate guide to appraisal modernization

Housing Wire

In its March 2022 Single-Family Seller/Servicer Guide (Guide) Bulletin, Freddie Mac stated, “[ACE+ PDR] will allow Sellers and Borrowers to continue to benefit from originating loans without an appraisal while mitigating risks and ensuring we purchase Mortgages secured by properties in acceptable condition.”

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How the homeowner management approach builds a moat around real estate businesses

Housing Wire

Historically, though, professionals let their clients go after the transaction is complete rather than building a moat around the client that assures future transactions. The newest prop tech applications to moat the client relationship are home management tools.

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9 Things Clients Expect from Their Real Estate Agent

McKissock

You should be there to help take away any mystery in your client’s search for a new home and provide reassurance that they’re getting the best value. Help Get a Client Pre-Approved for Lending. As successful real estate agents, your quick wit and negotiation skills are paramount when closing deals for your clients.