Housing Wire

MAY 10, 2024

During the meeting, NAR’s board approved a recommendation from its finance committee to keep annual dues at $156 per person in 2025. In 2023, NAR announced a policy change that allows the finance committee to use the Consumer Price Index (CPI) “as a guide” to help it recommend an annual dues amount to the board of directors.

Realtors 324

Realtors Finance Agents Legal 324

Housing Wire

JANUARY 3, 2024

Whether you’re presenting to a good friend, a referral client or a colder lead, there are some universal mistakes you must avoid if you want to take the listing. Don’t make the appointment all about you Always make it all about the client: their needs, motivation, time frame and priorities. Don’t invite conflict!

Real Estate 357

Real Estate Inspection Clients Contracts 357

GoForrmz

JANUARY 20, 2023

Keep finances at your fingertips with digital forms Digital forms have modernized the way accounting businesses work. From collecting client information to tracking expenses, digital forms have made the accounting process faster, more accurate, and more secure. However, GoFormz customers know not all digital forms are created equal.

Finance 78

Finance Clients Design Business 78

Housing Wire

DECEMBER 15, 2022

In a contracting market, how can lenders gain a competitive advantage? If you are proactive and certain about the risk and health of your manufacturing process, you can serve more clients, and that’s a competitive advantage in today’s market,” Broadley said. Risks and benefits. How QC Ally helps.

Clients 342

Clients Contracts Lending Technology 342

Housing Wire

FEBRUARY 9, 2024

Equipped with the right real estate marketing tools, you’ll save time, scale faster, and attract more clients — all without having to learn 40 new complicated skills and programs. Real estate agents today need outstanding websites — or, at the very least, highly functional ones — to both attract and communicate with clients.

Tools 425

Tools Real Estate Marketing Real Estate Agent 425

Housing Wire

DECEMBER 19, 2023

Big Four title firm Fidelity National Financial and its subsidiary mortgage subservicer Loancare are facing a class action lawsuit alleging that they were negligent with customer data and that they breached their contract, after the firm was the victim of a cyber security attack in late-November. District Court for Central California.

Clients 401

Clients Contracts Mortgage Legal 401

Housing Wire

DECEMBER 21, 2023

This product allows a homebuyer to purchase a fixer-upper and finance the purchase and renovation in one loan based on the expected appraised value of the home after improvements. REALITY: Sometimes people need to finance multiple properties at once, as in the case of active-duty military personnel who receive transfer orders.

Mortgage 430

Mortgage Renovations Appraisal Process Finance 430

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business.

Agents 399

Agents Buyers Real Estate Agent Loan Officers 399

Housing Wire

OCTOBER 23, 2023

In the deposition, Michael Ketchmark, the lead attorney for the plaintiffs, asked Warner to comment on a training script from HomeServices CEO Gino Blefari in which he said that when he was an agent, he was supremely confident and would tell prospective clients that while commissions are negotiable “they only go up from 6%.”

Law 413

Law Agents Realtors Contracts 413

Housing Wire

FEBRUARY 5, 2024

“While we do not comment on pending litigation, Guild’s long-standing reputation for doing what’s right is built from our core values of integrity and respect, and we are committed to those values with every employee, client, and partner,” Guild said in a statement. Seely’s attorneys did not immediately respond to requests for comments.

Retail 378

Retail Contracts Loan Officers Mortgage 378

Housing Wire

FEBRUARY 25, 2022

The Pontiac-based wholesale lender filed two lawsuits on Wednesday in Michigan federal court accusing broker partners of breach of contract for originating mortgages to its competitors. A warranty in the addendum said that if brokers submitted loans to Rocket or Fairway, it would constitute a breach of contract.

Contracts 369

Contracts Brokerage Investing Mortgage 369

Housing Wire

APRIL 24, 2024

Per the terms of the contract, Sagent was tasked with integrating Mr. Cooper’s consumer-first platform into a cloud-native core, then licensing the resulting cloud-based platform to banks and independent mortgage companies. Barker’s hiring for the role of senior vice president of corporate finance is effective immediately.

Technology 303

Technology Lending Investing Contracts 303

Housing Wire

SEPTEMBER 8, 2022

Eliminated positions included loan officers, closers, underwriters and client advocates, according to six former employees. The lender has a contract with Moder , the business outsourcing arm of Archwell Holdings , sources said. I changed team leads four times,” said a former junior underwriter who worked remotely.

Mortgage 498

Mortgage Loan Officers Clients Investing 498

Housing Wire

OCTOBER 20, 2023

She said that prior to joining the lawsuit, she was unaware that clients could negotiate the commission and claimed that she would have “gone a different direction” if she had known. According to Ellis, a 6% commission has already been filled in on the contract prior to her signing. in commissions with buyer’s agent getting 2.7%.

Contracts 385

Contracts Agents Buyers Real Estate 385

Housing Wire

JANUARY 3, 2024

The vast majority of respondents reported that they have yet to receive any questions about the commission lawsuits and those who have, have only been asked by a handful of clients. The other most common response was starting to use buyer agency agreements or starting to use them all the time, instead of just with select clients. “I

Agents 351

Agents Realtors Clients Real Estate Agent 351

Housing Wire

JULY 12, 2022

Unison, through an REA contract, advances the homeowner a portion of the equity in the property in exchange for a lien position and a share of the home’s future appreciation. Unison also shares some of the downside if the property loses value over the course of the contract. of a home’s value after a 2.5%

Contracts 322

Contracts Investing Real Estate Investors 322

Housing Wire

MARCH 15, 2024

“You may see buyers’ agents still be relevant, but LOs need to find vehicles to educate their buyers’ agents, educating them on how to use seller concessions, for example, to finance buyer-paid broker fees.” He has been focused on getting referrals from prior clients and online. As lenders, we are avidly against that.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

OCTOBER 11, 2023

” Agents generally insist that they are a fiduciary for their client and work to get them the best deal, not pursue their own financial incentives. Respondents said they felt buyer agents are overpaid and they would consider alternatives if they were required to sign a contract with their agent and compensate them “out of pocket.”

Real Estate Agent 468

Real Estate Agent Real Estate Agents Brokerage 468

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 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

MARCH 14, 2024

Newcomb said that interest rates and higher prices, which have risen by more than $100,000 since March 2020, according to data from Altos Research , have caused her clients to be pickier when selecting a home. When rates and prices were lower, people were more willing to compromise,” Newcomb said.

Inventory 388

Inventory Buyers Agents Real Estate 388

McKissock

MAY 11, 2022

Before you log too many hours chauffeuring buyers from property to property, make sure they’re truly motivated to navigate the challenges of a hot sellers’ market —from competing with other buyers to committing to contracts that favor the seller. Here are some good indications that your clients are truly ready to buy. #1:

Real Estate 77

Real Estate Clients Marketing Buyers 77

Housing Wire

JULY 3, 2023

billion, according to data from Inside Mortgage Finance. The target client base for PrimeLending is first-time homebuyers, as the entire industry is struggling to overcome the lock-in effect. billion, a 54% decline from $3.76 billion in Q1 2022 (which was roughly in line with industry peers). Production dropped about 15.2%

Loan Officers 349

Loan Officers Marketing Retail Renovations 349

Housing Wire

MAY 24, 2024

Choose a reputable lender who has experience working with clients who carry student loan debt, as they’ll be able to help structure the best financing options to suit your specific needs. Weigh your options carefully, and seek professional advice if necessary before applying for an IDR.

Mortgage 385

Mortgage Insurance Contracts Design 385

McKissock

SEPTEMBER 20, 2021

Real estate agents are commonly sued for breaching their duty to act in the best interests of their client. To protect your clients’ interests, and reduce your own risk exposure, check out our highly-rated course, Know the Code: Your Guide to the Code of Ethics. Real estate risk management is an important concern for agents.

Real Estate 58

Real Estate Clients Real Estate Agent Realtors 58

Housing Wire

MAY 6, 2024

The law at the center of the suit came into effect on July 1, 2023, and it “generally restricts the issuance of government contracts or economic development incentives to, or real property ownership by, foreign principals, which are certain individuals and entities associated with foreign countries of concern,” according to the Florida Senate.

Law 306

Law Real Estate Real Property Contracts 306

Housing Wire

DECEMBER 27, 2022

The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. But the housing market in the second half of 2022? The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green.

Housing Market 504

Housing Market Marketing Real Estate Agent Real Estate 504

Housing Wire

NOVEMBER 15, 2023

The point being, there’s no consensus among real estate agents and brokers regarding what happens next, how the industry should respond or even how agents should talk to clients. Real estate professionals should be paid the same way accountants, lawyers and other professionals do…by the hour…and contract,” one agent said.

Realtors 386

Realtors Agents Real Estate Real Estate Agent 386

Housing Wire

FEBRUARY 15, 2024

And that’s how Saller’s clients — siblings in their early 20s — can close on a $335,000, three-bedroom condominium in Jackson, New Jersey, early in March. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Mortgage 440

Mortgage Buyers Loan Officers Sellers 440

Appraisal Buzz

MARCH 14, 2022

Appraisals for mortgage finance transactions are subject to many levels of scrutiny and review. Once the AMC deems the report satisfactory, it is forwarded to their client, the lender. What would happen on purchase transactions if the Purchase Contract were not provided to the appraiser? To hit the purchase price, that’s why!

Appraisal 397

Appraisal Contracts Marketing Lending 397

Housing Wire

JUNE 21, 2021

You set your appointments the night before, and when you get there that morning, they might already be under contract.” But broker Renee Humme, with Prime Mountain Properties , said the lower property taxes, mountains and surrounding scenery, and low cost of living are the main draws for most of her clients.

Housing Market 424

Housing Market Marketing Realtors Inventory 424

Housing Wire

SEPTEMBER 9, 2020

In the ultra-competitive Westchester market, the odds were stacked against Heather Harrison and her client. “The client went to highest and best on Monday at 5 p.m., and I counseled my client to bid accordingly, waive his mortgage contingency, then we bid $1.45 million and we got it.” and condos at 41.3% – 54.5%

Agents 477

Agents Marketing Clients Buyers 477

Housing Wire

SEPTEMBER 22, 2021

HousingWire recently spoke with Bill Dallas, President of Finance of America Mortgage, to discuss how brokers can leverage technology to accommodate today’s average homebuyer. A seller may grow impatient if a loan approval is delayed and they have back-up offers with less complicated financing attached to them.

Finance 370

Finance Technology Lending Mortgage 370

Housing Wire

FEBRUARY 22, 2024

Worst-case scenario, the broker representing the buyer will have to negotiate their own fee with their client and the seller can no longer be compelled to make a blanket offer of compensation in order to list on the MLS,” Murray said. Nearly six months later, Murray stands by this assertion.

Sellers 413

Sellers Buyers Real Estate Agents 413

Housing Wire

AUGUST 18, 2023

Secret #2 Sometimes, especially in a low-inventory market, your potential seller client may know about comparable sales you didn’t capture. If there are new homes going up, be certain to tour them and understand the builder’s perks and financing before you go to your listing appointment. What happens if it doesn’t sell?

Sellers 360

Sellers Construction Real Estate Finance 360

Housing Wire

APRIL 9, 2021

Residential brokerage and mortgage lender William Raveis is buying its clients’ homes across New England, the tri-state area and Florida. WRRE also will help them buy, finance and insure their next home purchase, with mortgage closing times in as few as eight days, considerably faster than the industry average.

Brokerage 403

Brokerage Real Estate Clients Insurance 403

Housing Wire

APRIL 5, 2024

Supreme Court and asked for a review of an August 2023 ruling by the Eight Circuit Court, which found that HomeServices could not enforce arbitration agreements signed by seller clients of its franchisees. The appeals court said that this was because the contracts signed by the sellers were not directly signed by HomeServices.

Brokerage 373

Brokerage Sellers Law Contracts 373

Housing Wire

SEPTEMBER 7, 2023

Probably about 60 to 70% of our business comes from referrals from our previous clients,” Chris Gallo, a top producing LO in New Jersey, said. Attorneys, Realtors and clients are a big part of our repeat business.” Finding reliable lending partners takes time and some trial and error, but once established is often the lifeblood of LOs.

Buyers 383

Buyers Agents Loan Officers Real Estate 383