Housing Wire

JANUARY 17, 2024

2 However, these potential clients will also face challenges — namely market volatility, unpredictable interest rates and limited purchasing power due to increasing debt. The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ).

Finance 450

Finance Real Estate Agent Real Estate Insurance 450

Housing Wire

AUGUST 31, 2022

Lenders and applicants alike rely on powerful tools and technology that increase transparency and create ease, speed and convenience. From there, lenders can work with their clients to increase credit scores and lower long-term financing costs, building trust along the way. That’s a savings of $40,000 over the life of the loan.

Mortgage 370

Mortgage Clients Loan Officers Finance 370

Housing Wire

NOVEMBER 23, 2022

Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. The buydown option is not a new concept, but for loan officers who joined the refi boom, it’s a new concept they need to learn. “As ” Trudy Kelly, senior loan officer at Churchill Mortgage.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

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. Maryland has over a dozen Eastern European stores that sell products like caviar, pumpernickel bread and salo, a Ukrainian-style bacon.

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

MAY 6, 2022

All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. Whatever their clients are asking for, they must try and accommodate them as quickly as possible. Yes, we offer training and webinars. Next, it’s up to us to make them comfortable with the idea of offering something new.

Marketing 370

Marketing Lending Loan Officers Training 370

Housing Wire

SEPTEMBER 22, 2020

So who could possibly be thinking about compliance right now, except maybe, compliance officers? This is not a suggestion where you drop what you’re doing, push your production team into training and staff up the compliance department. It just matters that your team is given the tools it needs to stay compliant.

Training 393

Training Lending Loan Officers Technology 393

Housing Wire

MAY 9, 2024

Varun Krishna, Rocket Companies CEO, sat down with HousingWire CEO Clayton Collins at The Gathering event several weeks ago to talk about the company’s AI strategy and their new AI tool, Synopsis. We’re able to close loans two and a half times faster than the industry. This interview has been edited for length and clarity.

Clients 381

Clients Technology Tools Loan Officers 381

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. You’ve brought on processors, underwriters and loan officers to accommodate the rise in refi volume, and perhaps that includes some wild incentive plans based on how much they can handle.

Lending 424

Lending Loan Officers Business Investors 424

Housing Wire

DECEMBER 20, 2022

I have about five loan officers helping me, and I have more than 30 processors and assistants helping me. CK: Has there been layoffs at Loan Factory as well? Nguyen: I would say more than 100 layoffs at Loan Factory, and many of them also left voluntarily. We also help realtors follow up with their clients.

Business 74

Business Retail Realtors Loan Officers 74

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

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. A trained and vetted third party can perform the data collection. Who is eligible to take advantage of them?

Modernization 393

Modernization Appraisal Inspection Valuation 393

Housing Wire

AUGUST 23, 2021

That’s true even if those complex, multi-outcome tasks didn’t really require highly trained professionals. Here are a few examples of typical title agency processes generally addressed by staff today, but which soon could be managed efficiently and cost-effectively by AI tools. Things like: “How long until the closing?

Loan Officers 382

Loan Officers Agents Realtors Clients 382

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. Just sold stories If your clients are willing to be featured on your socials, celebrate their sale. Readers are more likely to remember stories that evoke emotions.

Real Estate 404

Real Estate Agents Real Estate Agent Clients 404

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. New agents can also often deliver high quality, personalized service as a result of having fewer clients. What percentage of your clients are buyers? What marketing tools will you use to help me? How many are sellers?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

Clear Capital

SEPTEMBER 29, 2021

Clear cCapital just announced that we have acquired a Finnish proptech startup called CubiCasa and CubiCasa is incredibly exciting technology that enables anyone with a smartphone and no training to do a 10-minute walkthrough a property and get a fully detailed, accurate floorplan with gross living area. There’s 500,000 loan officers.

Sellers 69

Sellers Agents Real Estate Buyers 69