Housing Wire

SEPTEMBER 11, 2023

The lender has about 80 loan officers and aims to hire up to 100 in states. The market is retracting but it’s the best time to build,” Watanasuparp said. Cliffco’s proprietary CRM platform enables loan officers to break away from being heavily dependent on real estate agents for referrals. “In

Loan Officers 359

Loan Officers Agents Retail Technology 359

Housing Wire

JANUARY 25, 2024

A differentiating factor of our tech is that lots of point of sale systems are built to faciitate loan officers with the business they already have. While we do that, we’re also focused on driving new business — from new clients but also from the relationships they already have. It’s almost farm-to-table programming.

Loan Officers 346

Loan Officers Real Estate Agent Agents Technology 346

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. People just aren’t moving, and who’s trying to get a refi now? “I million to 1.93

Mortgage 373

Mortgage Loan Officers Inventory Retail 373

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. ” Trudy Kelly, senior loan officer at Churchill Mortgage. in the second year.

Buyers 463

Buyers Marketing Sellers Loan Officers 463

Housing Wire

DECEMBER 3, 2021

Reina Ramos: I don’t have a favorite article but rather enjoy and appreciate the coverage HW provides on all subject matters that are affecting the mortgage industry as well as Realtors. Lenders need to be mindful that clients don’t purchase homes often and using acronyms to describe the program, terms or process can create confusion.

Inventory 382

Inventory Loan Officers Clients Mortgage 382

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. million units last month from July, according to the National Association of Realtors (NAR). Mortgage rates have nearly doubled to around 6.5% to a seasonally adjusted annual rate of 4.8

Mortgage 397

Mortgage Loan Officers Buyers Inventory 397

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Real Estate 348

Real Estate Real Estate Agent Clients Agents 348

Housing Wire

DECEMBER 23, 2022

With Fannie Mae and other organizations predicting a tough outlook for 2023’s housing market, loan officers should be looking to get their name out in front of as many potential borrowers as possible in order to secure business. Design your ideal client, the type of borrower you’d love to work with, and go from there. “If

Loan Officers 274

Loan Officers Business Mortgage Clients 274

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

Business 361

Business Loan Officers Clients Inventory 361

Housing Wire

FEBRUARY 10, 2023

.” While his origination volume dropped by about 55% to $378 million in 2022 from the previous year, Kechian is confident he could capitalize on the purchase market by tapping into the network he’s been building with realtors over the last year. “We We feel like we picked up more market share in 2022,” Kechian said.

Marketing 345

Marketing Inventory Loan Officers Buyers 345

Housing Wire

JANUARY 21, 2021

“Brokers should be ready to support clients looking to secure their dream home,” he said. “This will be another strong year for loan officers, and new houses will play an important role in making sure we assist buyers at a high level.” above the revised November rate of 1.635 million.

Construction 542

Construction Loan Officers Realtors Buyers 542

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

MARCH 2, 2023

That has essentially frozen the market, particularly for buyers who were considering making the jump but perhaps missed the small window in winter, when for one day rates fell to 5.99%. I feel like we have some people sitting on the fence again,” said one loan officer in the Portland, Oregon market. “I

Mortgage 428

Mortgage Buyers Loan Officers Marketing 428

Housing Wire

DECEMBER 30, 2022

At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market. Nguyen plans on utilizing his proprietary platform to partner with Realtors after his refi-dependent sale volume dropped to a staggering 20% this year. He hit a record $2.47 Rates would average 5.2%

Renovations 372

Renovations Realtors Construction Mortgage 372

Cornerstone

MARCH 12, 2021

Even in a typical year, you can expect clients to ask routine questions — and you’ll give them routine answers back. With so many changes taking place related to the pandemic, the economy, and the political sphere, your clients are going to come to you with complex questions. 4 smart answers to your clients’ top 4 questions.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

DECEMBER 15, 2021

from the previous year, marking the 116th straight month of year-over-year existing-home price increases, according to the National Association of Realtors. Despite persistently low mortgage rates, many potential homebuyers who fall in the middle- to lower-income tiers are being sidelined due to a lack of affordable housing options.

Finance 329

Finance Construction Law Inventory 329

Appraisal Buzz

OCTOBER 3, 2022

I started thinking about this when I saw the news coming from the National Association of Realtors about how far the current real estate market is out of balance. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions.

Appraisal 370

Appraisal Marketing Real Estate Inventory 370

Housing Wire

NOVEMBER 10, 2020

At that point, Dodson was actively working on a jumbo loan for friends of his from church. “I told my client, my friends, ‘Look, I know you’re supposed to close in 10 days but we’re closing Friday and you let everybody know it or you may not close,’” Dodson said. Realtors need to be your ally.”.

Business 423

Business Mortgage Investors Loan Officers 423

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I I never had to work with realtors, but now I spend a lot of time working with realtors – supporting them and partnering with them,” Nguyen said in an interview with HousingWire.

Business 74

Business Retail Realtors Loan Officers 74

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 311

Real Estate Brokerage Real Estate Agent Technology 311

Housing Wire

JANUARY 31, 2023

Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But that’s really what the market is here, at least at this moment.

Inventory 312

Inventory Marketing Business Buyers 312

McKissock

JANUARY 18, 2022

They are honest about what the client can afford, and they are willing to go to bat for them. A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. an ever-evolving economic environment, key aspects such as inflation, employment, and the housing market are undergoing significant changes in August 2023.

Appraisal 80

Appraisal Contracts Business Construction 80

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. Since Fannie started focusing on UAD analysis around 2015, losing business because of negative market conditions has almost stopped.

Appraisal 67

Appraisal Contracts Mortgage Marketing 67