Housing Wire

DECEMBER 2, 2020

Finance of America , which operates through retail, wholesale and correspondent channels, reported $242 million in income during the third quarter, a 66% increase from the second quarter. billion of it coming through its forward-lending arm. The company funded $9.17 billion in the third quarter, with about $8.5 Presented by: WFG.

Finance 219

Finance Lending Retail Business 219

Housing Wire

MARCH 15, 2023

retail residential mortgage applications. ” The MBA survey shows that the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) was 6.71% last week, down from the previous week’s 6.79%. for the week ending March 10 compared to the prior week. ”

Mortgage 363

Mortgage Clients Retail Marketing 363

Housing Wire

DECEMBER 16, 2021

Interfirst Mortgage , the retail mortgage business he founded in 2001, had grown to $14.5 Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. In 2012, Dmitry Godin was seemingly on top of the world. 375% below the market.” Interfirst 3.0?

Mortgage 355

Mortgage Loan Officers Retail Training 355

Housing Wire

FEBRUARY 3, 2022

Goldman Sachs ’s analysts wrote in a report to clients on January 6 that, overall, they remain negative on the group of nonbank mortgage originators for this year. Rocket is the largest mortgage originator in the country, but they are there mainly because of the size and substance of their retail direct lending, the call center,” he said.

Mortgage 374

Mortgage Retail Finance Investors 374

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. We are going to pursue the investor niche aggressively, meeting very specific realtors.

Lending 377

Lending Real Estate Agent Loan Officers Retail 377

Appraisal Today

JULY 28, 2023

It additionally says that the client communicates most of the information necessary. The Acceptability section states clearly that scope of work should meet the “expectations of parties [clients] who are regularly intended users for similar assignments.” The average contract interest rate for 5/1 ARMs decreased to 6.01

Appraisal 79

Appraisal Contracts Mortgage Clients 79

Appraisal Today

JANUARY 5, 2024

I suppose it is because most appraisals are done (now) for residential lending purposes. – Work on getting a more positive attitude toward your clients, fees, etc. Pick one client to start with. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.51 Set the date(s).

Appraisal 74

Appraisal Contracts Legal Business 74

Appraisal Today

NOVEMBER 24, 2023

I got the client to write a letter to the state indicating my report did not mislead them, yet the state sanctioned me for it anyway! If my client says I did not mislead them, how can the state board say I did?!” My clients want me to hit the number. Instead, you need to check out the exclusions, limits, etc. percent from 7.61

Appraisal 74

Appraisal Mortgage Business Contracts 74

Housing Wire

AUGUST 23, 2023

We’ve done that through products like One Day Mortgage, which are helpful to a consumer if they’re buying or shopping for a home because literally the same day that they enter into a purchase contract, they can get a commitment letter on their mortgage. Publicly, we’ve gone from over 11,000 people to about 1,000 people.

Realtors 362

Realtors Technology Insurance Mortgage 362

Appraisal Today

MAY 10, 2024

I have never done an “official” ROV for a lender, but I did not like any lender clients objecting to my values. And if you work in real estate, be prepared to serve clients in all stations of life. In more recent downturns, such as during the 2008 recession, many foreclosures were due to bad lending. percent the previous week.

Reconsideration of Value 69

Reconsideration of Value Appraisal Real Estate Insurance 69

Appraisal Today

MAY 19, 2023

They can tell their clients that their data collectors are qualified, as compared with their competitors. Getting on AMC lists does not require any marketing, such as business from almost any other type of client. I would love to have all my clients email me the appraisal order. I learned a lot. I understand completely.

Appraisal 52

Appraisal Business Contracts Real Estate 52

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

APRIL 21, 2023

Increased numbers of state appraisal boards are looking at complaints against appraisers from the standpoint of the consumer, rather than that of the client and/or the intended user(s). As all appraisers are aware, the consumer has no standing with the appraiser (assuming the consumer is not the named client or intended user).

Appraisal 52

Appraisal Contracts Modernization Mortgage 52

Appraisal Today

DECEMBER 8, 2023

The first question to talk about is this: “Does the real estate appraiser have any ethical, moral, or legal responsibility to protect the consumer/mortgagor2, 3, 4 when appraising a property for a mortgagee/client?”… ”… Question 2: does the lending industry owe the appraiser a living? percent from 7.37

Appraisal 66

Appraisal Real Estate Contracts Design 66

Appraisal Today

APRIL 14, 2023

It is a place where we can show our clients just how valuable an appraisal can be. If our business revolves around mortgage lending, we are used to dealing with clients who have a certain level of sophistication. Many of us have learned to truncate our verbiage because our lending clients do not want to read volumes.

Appraisal 52

Appraisal Bracketing Contracts Valuation 52

Appraisal Today

NOVEMBER 4, 2022

It can help you get more business from AMCs (and other lender clients). I keep my advertising clients and this newsletter’s content separate. Communicating with non-lender clients: Very, very different from lenders!! Appraiser list Internet, referral, previous client. Mortgage Lending You decide.

Reconsideration of Value 52

Reconsideration of Value Appraisal Inspection Advertising 52

Appraisal Today

MARCH 31, 2023

But how do you contact potential clients and referral sources? Another student reported that in 2010 (after HVCC was void) a lender client told an appraiser they could not order appraisals directly with appraisers anymore…that they must use a third party. Then forward that answer on to the client/AMC. This is nothing new.

Appraisal 52

Appraisal Contracts Inspection Clients 52

Appraisal Today

APRIL 19, 2024

Private Money Lending – fast turn times, high fees. With non-lender appraisals you choose your clients, turn times, fees, scope of work, words you use, etc. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 7.13 Meet in person. percent from 7.01

Appraisal 67

Appraisal Contracts Valuation Design 67

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 344

Retail Real Estate Agent Business Mortgage 344

Appraisal Today

FEBRUARY 3, 2023

23, 2023 My comment: This only applies to residential lending appraisals, of course. To read more, plus over 60 appraiser comments, click here My comments: This only applies to residential lending appraisals, of course. I had good clients but did not like the dramatic volume changes. . By Dave Towne, Jan. percent from 6.20

Appraisal 40

Appraisal Contracts Business Mortgage 40

Appraisal Today

FEBRUARY 23, 2024

Take Note of GSE Requirements To read more, Click Here My comment: If you do residential lending appraisals, read this article! Allow the appraisers to speak directly to the lender/client, instead of going through the third-party agent. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.61

Appraisal 67

Appraisal Real Estate Contracts Reconsideration of Value 67

Appraisal Today

APRIL 1, 2023

I tend to put a similar amount of effort into the communication side for all clients, and like to think that my work product is solid. Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or the client’s attorney. Yes, appraisers do this. Be sure to get it signed.

Clients 52

Clients Appraisal Contracts Business 52

Appraisal Today

JUNE 10, 2022

Recall the five forces of friction: practices, standards, education, regulation, and client expectation. The Inevitable Cyclicality of Mortgage Lending. Communicating with non-lender clients: Very, very different than lenders. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 5.30

Appraisal 52

Appraisal Contracts Business Mortgage 52

Appraisal Today

FEBRUARY 17, 2023

To read more click here My comment : Take a break and scroll down the list to see some great photos! == Staff Layoffs at AMCs By Dave Towne Excerpts: Appraisers, it’s not ‘just us’ who have taken the slowdown in lending “in the shorts.” The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.25

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

NOVEMBER 10, 2022

The only appraisers who get sued are those performing appraisals for mortgage lending. Truth: The origin of this myth most likely correlates with the significant amount of valuation work performed for lending purposes – the more lending work, the greater the liability risk, the thinking goes. 3, 2022 By Jamie Owen.

Appraisal 52

Appraisal Real Estate Agent Real Estate Contracts 52

Appraisal Today

SEPTEMBER 23, 2022

Excerpts: … senior leaders at AMCs, lenders and the GSEs have noted that slower appraisal volume will favor those appraisers who can stay in communication with their clients and provide faster turn times. The upcoming October issue of the monthly Appraisal Today has an article, “Which are your best current and former AMC/lender clients?

Appraisal 52

Appraisal Marketing Business Contracts 52

Appraisal Today

OCTOBER 28, 2022

Communicating with non-lender clients: Very, very different than lenders!! Watch a video of an excellent McKissock podcast discussing market changes and many other very practical topics, focusing on residential lending appraisals. But purchase money lending will slip as well, by 3% to $1.53 What is the effective date(s)?

Appraisal 52

Appraisal Contracts Mortgage Valuation 52

The Robert Weiler Company

OCTOBER 21, 2022

The information that arises helps enlighten those who own, manage, sell, lend money, or invest in commercial real estate property. Depending on the client’s and project’s needs and requirements, the written commercial appraisal report will vary in type, format, length, and content.

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Appraisal Today

AUGUST 5, 2022

I always recommend VA as the best lender client for appraisers. Excerpts: Lending was not very prudent prior to the crash of 2008 as suggested by the trend in the median credit score (FICO), a measure for credit worthiness; for newly originated first-time purchase mortgages the median FICO score was 686 in Q1 2006 versus 740 in Q4 2020.

Appraisal 59

Appraisal Valuation Contracts Modernization 59

Appraisal Today

FEBRUARY 24, 2023

AMCs had taken over the mortgage-lending work. Those appraisers who built strong relationships with their AMC and lender clients, who returned phone calls promptly, never “went dark” with their clients, always turned their assignments in on time (or early) — they are the ones who are still getting orders even when times are slow.

Appraisal 52

Appraisal Architecture Valuation Business 52

Appraisal Today

OCTOBER 7, 2022

Excerpts: Lakeland engaged in a pattern or practice of lending discrimination by “redlining” in the Newark metropolitan area. An appraiser can easily lose a lender client because they were low on an appraisal. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.60

Appraisal 52

Appraisal Contracts Architecture Housing Market 52

Appraisal Today

FEBRUARY 16, 2024

Many downtown mixed-use buildings (retail and apartments) are in my city. Never use a lending form (such as a 1004) for estate work. Get the relevant date of value from the client or client’s attorney. For non-lending work like estate work, you can use a good, protective engagement agreement.

Appraisal 79

Appraisal Contracts Training Architecture 79

Appraisal Today

APRIL 12, 2024

Insurance purposes: Lenders or other clients may order desktop appraisals for insurance purposes to determine the property’s replacement cost or insurable value. But if for lending, it might be rejected on review by GSE computers or humans. The average contract interest rate for 15-year fixed-rate mortgages increased to 6.46

Appraisal 76

Appraisal Construction Contracts Architecture 76

Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

McKissock

JUNE 8, 2021

In this case, he was also the client. He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. So, what if a client provides a sales contract to the appraiser after the report is completed, and the appraised value estimate is five percent above the contract price?

Appraisal 73

Appraisal Contracts Clients Law 73

Appraisal Today

AUGUST 25, 2023

And to ensure data procured through RPR can be used in the appraisal process, NAR and RPR have been actively engaged with lending agencies Fannie Mae, Freddie Mac, VA, and FHA to make them aware of this bridge solution for the appraiser community. Never be dependent on the ups and downs of lending again! What does your MLS have?

Appraisal 75

Appraisal Real Estate Agent Agents Real Estate 75

Appraisal Today

MAY 12, 2023

Mortgage lending is very, very cyclical. 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.

Appraisal 52

Appraisal Architecture Business Contracts 52