Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. I know Rocket Homes has been happy to see it.

Loan Officers 370

Loan Officers Mortgage Real Estate Agent Real Estate 370

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. And, clients will be happier with the experience.

Real Estate 423

Real Estate Real Estate Agent Loan Officers Agents 423

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. And Rocket is well aware.

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property. The original home is usually purchased at a discount.

Buyers 414

Buyers Loan Officers Real Estate Agent Agents 414

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. Attorneys, Realtors and clients are a big part of our repeat business.”

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

Clients 393

Clients Agents Buyers Sellers 393

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market.

Mortgage 370

Mortgage Real Estate Agent Real Estate Clients 370

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Finding time for part-time real estate.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

DECEMBER 27, 2022

“With the economics of cash-out refinance worsening amidst higher rates , homeowners are showing increased willingness to use home equity lines of credit (HELOC) and home equity loans to tap equity,” a Housing Finance Policy Center report states. Layoffs, LOs leaving the industry for good. Or will soon.

Housing Market 523

Housing Market Marketing Real Estate Agent Real Estate 523

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

Loan Officers 370

Loan Officers Insurance Mortgage Real Estate Agent 370

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Garrett said aside from cash buyers, he also has clients who have money to offset any appraisal gap. In fact, Austin has just about 1.2

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

JANUARY 9, 2024

households that provides visibility into everything that went into a transaction — real estate agents, loan officers, lenders, title agencies and borrower details, according to MMI’s website. “If MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

Loan Officers 361

Loan Officers Real Estate Agent Tools Business 361

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. Brennan said purchase loans declined from 90% of the mix prior to the pandemic, to 67% during the pandemic. In total, the company has 15 clients.

Loan Officers 382

Loan Officers Retail Business Mortgage 382

Housing Wire

OCTOBER 14, 2020

This means a completely updated, white-labeled and broker-branded origination hub that is not only beneficial for loan officers, but also their clients who will experience a more streamlined process with heightened transparency. HW: How does aligning with the Rocket brand create more synergy in your marketing campaigns?

Loan Officers 302

Loan Officers Real Estate Agent Technology Clients 302

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 457

Real Estate Agent Loan Officers Real Estate Agents 457

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. Wax said about 50 to 60% of his clients are first-time homebuyers.

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

Housing Wire

MARCH 1, 2022

In eOriginal’s 2020 Tech100 nomination, the company boasted about the efficiency their ClosingCenter product brought to mortgage lending clients; Fairway achieved 80% faster mortgage acceptance by secondary market investors and also realized a 90% reduction in interest expenses to warehouse lenders for mortgages closed using ClosingCenter.

Real Estate 382

Real Estate Brokerage Real Estate Agent Technology 382

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market. Half the clients go to the traditional banks where we can show tax returns.

Marketing 382

Marketing Mortgage Inventory Loan Officers 382

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. Is it having a happy client who will be a great reference? This is how they make that happen.

Real Estate Agent 407

Real Estate Agent Real Estate Project Management Agents 407

Housing Wire

JANUARY 31, 2023

I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. So that’s a real issue, because as a lender, we offer ways to finance a new home for selling — and it could be a bridge loan, it could be a home equity line of credit. They won’t accept that offer. Do you make cold calls?

Inventory 393

Inventory Marketing Business Buyers 393

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. 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.

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. Even though the lender is the client, the borrower is by regulation, required to be given a copy of the appraisal report.

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 424

Business Mortgage Loan Officers Inventory 424

Housing Wire

OCTOBER 20, 2023

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. We’ve compiled this list of savvy real estate social media post ideas to inspire your social strategy and keep your Instagram feed fresh and fun.

Real Estate 404

Real Estate Agents Real Estate Agent Clients 404

Housing Wire

FEBRUARY 29, 2024

Mortgage lenders are offering discounts on loan pricing to capture borrowers. Mike, a North Carolina-based loan officer, had two loans closing in mid-January. The contrast between the deals was striking. “I have a loan closing today for first-time homebuyers who didn’t really press me on pricing,” he said.

Loan Officers 424

Loan Officers Mortgage Lending Real Estate Agent 424

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

Housing Wire

AUGUST 16, 2023

Its in-house servicing is helping extend the client life cycle, something that bigger players have used to great effect with refis. Of course, the risk in winning purchase business in a volatile, high-rate environment is that other lenders could snag your client as soon as rates drop just months later.

Retail 370

Retail Real Estate Agent Business Mortgage 370

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 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. If it wants the loans ‘clear to close,’ borrowers would need to have to wait for their closer to get the package out.

Investing 404

Investing Loan Officers Retail Mortgage 404

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

Cleveland Appraisal Blog

MARCH 30, 2021

Good agents know this. Good agents also know what truly comparable homes are selling for. However, they are stuck in the middle, trying to please their clients, and at the same time navigate multiple bids and everything that goes with that. How to Fight Real Estate Agents’ Appraiser Blacklisting – APPRAISAL TODAY.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

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.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67

Clear Capital

SEPTEMBER 29, 2021

So there’s this real estate agent — are you with me? And so Ribbon offers a suite of tools and technologies for real estate agents to use with their clients, to help them manage and write offers in unique new ways. My professional background is out of finance and lending.

Sellers 69

Sellers Agents Real Estate Buyers 69

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. For lenders and brokerages, the risks of LOs or agents overstepping are high.

Real Estate Agent 442

Real Estate Agent Loan Officers Real Estate Agents 442