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. RMS had 70 offices in 14 states, 850 employees, and 250 loan officers.

Retail 414

Retail Contracts Loan Officers Mortgage 414

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.” These are the folks who are buying right now, and I you know because some of them are my clients.”

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

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

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. He has been focused on getting referrals from prior clients and online. Assisting homebuyers and their agents adds more to an LO’s plate.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

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. They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA).

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

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 523

Housing Market Marketing Real Estate Agent Real Estate 523

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

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. Clients upload all documents into their loan origination system directly to reduce/eliminate operational staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

FEBRUARY 3, 2022

loanDepot , Guild Holdings Company , Home Point Capital (parent of wholesaler Homepoint), and Finance of America Companies – debuted on the stock market with a combined market capitalization of $69 billion, according to HousingWire estimates based on Yahoo! Finance data. But no one is popping the champagne these days.

Mortgage 382

Mortgage Retail Finance Investors 382

Housing Wire

JUNE 15, 2022

The lender expects to turn a profit this year by reducing costs upwards of 30% through a renegotiation of worker contracts, but not through layoffs. Cohn said she has three or four loans with clients who haven’t locked rates yet. “I More affluent clients can benefit from the current scenario, he said.

Mortgage 382

Mortgage Investors Clients Marketing 382

PennyMac

MARCH 4, 2024

Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved. Mortgage brokers work independently with a variety of loan originators, including direct lenders, to help clients find a mortgage that fits their needs.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Realtor

OCTOBER 16, 2023

Thinking pre-qualification means you’re approved for the loan While getting pre-qualified for a loan is a good first step, it does not mean you’re guaranteed the money. Pre-approval is better because it means lenders have reviewed your finances. In the past, pre-approval was typically enough to pass muster.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Annarbor Appraisal

SEPTEMBER 6, 2020

Challenging the results of the appraisal for mortgage financing. The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral).

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Eppraisal

APRIL 20, 2021

Have Your Financing in Order If you're in the market to buy a home in the near future, the most important item on your agenda is to have proof that you have enough cash for the purchase or are pre-approved for a mortgage. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

McKissock

APRIL 20, 2021

Despite your chosen work schedule, you’ll have to juggle clients who generally want their agents to be available around the clock. Receive basic training in contracts and how to price properties using comparative marketing analysis. Finding time for part-time real estate. Set clear expectations upfront about your availability.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Appraisal Today

MAY 10, 2024

These policies were the result of a collaborative effort between the GSEs, the Department of Housing and Urban Development (HUD) and the Federal Housing Finance Agency (FHFA). I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. The mortgage loan officer handling the loan?

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. But servicing performance has been exceptional.

Retail 370

Retail Real Estate Agent Business Mortgage 370

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

Appraisal Today

SEPTEMBER 15, 2023

May a representative of the lender provide an appraisal management company a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer? This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Cornerstone

OCTOBER 26, 2021

In the past few months, it’s become commonplace for an appraisal to come back under a home’s contract price. In our current market, if an appraisal comes back below contract price: It’s common for a seller to request that a buyer pay the price difference. Lean on your loan officer for guidance.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Appraisal Today

JANUARY 12, 2024

I always made them and never had any complaints from my lender clients. I worked for an assessor’s office in the late 1970s where we were making 2% per month time adjustments upward. They have always been available, mostly for short-term financing and borrowers with poor credit or no credit history. percent from 6.76

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Appraisal Today

MAY 12, 2023

I’m always looking for something new ;> = How a Retrospective Appraisal Can Help In The Estate and Tax Planning Process By Tom Horne During the estate and tax planning process, one of the key concerns that clients often have is minimizing the tax burden on the heirs of an estate. percent from 6.50 percent from 6.37 percent from 6.43

Appraisal 52

Appraisal Architecture Business Contracts 52

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen. Jeff Allen.

Sellers 69

Sellers Agents Real Estate Buyers 69