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Reverse purchase financing: The financing option no one is talking about

Housing Wire

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. That’s where reverse purchase financing comes into play, the funding option specifically designed for older Americans. What is reverse purchase financing?

Finance 430
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Pitching A Digital Transformation to Your Accounting Clients

GoForrmz

Today, accountants are positioned as strategic advisors, integral to shaping the success trajectory of their clients. This shift is not merely about adopting new technologies; it’s about redefining how businesses operate, engage with clients, and position themselves in a competitive market.

Clients 78
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Flagstar Bank’s one-stop-shop model revolves around brokers’ best interests

Housing Wire

The company’s close partnerships with mortgage brokers and correspondents transforms feedback into impactful products, technology and services that help clients grow their businesses in any economic environment. That’s made Flagstar a true partner to the 3,600 clients the bank has served in its 35-plus year history.

Lending 298
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Reverse pros in high-value markets look ahead to 2024 opportunities

Housing Wire

Reverse mortgage opportunities in California Tom O’Donoghue has been serving as a reverse mortgage professional in the Los Angeles area for several years, and says he sees a lot of potential with a proprietary product offered by Finance of America Reverse (FAR) in his market. Probably about 20-25% of my business has been that product.”

Marketing 358
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CreditXpert’s predictive analytics platform helps more applicants qualify for mortgages

Housing Wire

From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. For instance, an applicant with an initial credit score of 640 who is looking to finance $300,000 over 30 years would qualify for an interest rate of 6.13%, making monthly payments $1,823.

Mortgage 320
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The ‘double-edged sword’ of dual licensing

Housing Wire

Dahlhausen added that working as a loan officer is an opportunity for real estate agents to ”control the transaction” and ”ensure that the client is being taken care of” while increasing their compensation. Working as both an LO and agent was a way to better serve his clients, he said. For example, Realfinity pays LOs 1.4%

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‘It’s scary out there’: Mortgage industry reacts to cyberattacks

Housing Wire

Training their workforce is also crucial, they said. According to this executive, when her company heard about a cyberattack on a client, “the first thing that our team did was they looked at every endpoint where this client was accessing data from our systems or providing data, and we switched the keys in seconds.”

Mortgage 389