McKissock

AUGUST 13, 2021

Why must an appraiser be given a copy of the sales contract? Secondly, the appraiser is likely familiar with the local real estate contract forms, customary terms, and conditions of real estate transactions in the area, and might be able to identify irregularities and comment on them. When should we analyze the contract?

Contracts 64

Contracts Appraisal Market Value Real Estate 64

Housing Wire

DECEMBER 9, 2022

What does it mean for mortgage companies? Profitability is likely to remain very constrained well into 2023, until excess origination capacity in the industry declines materially,” Moody’s analysts said in a recent report on nonbank mortgage finance companies. . GDP is projected to decline 1.3% A 25% cut at UpEquity.

Real Estate 381

Real Estate Advertising Real Estate Agent Investors 381

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Perhaps the most important trait for a commercial real estate developer is the ability to identify an ideal piece of land. Image by Unsplash. Network to get funding.

Real Estate 303

Real Estate Development Appraisal Contracts 303

Housing Wire

DECEMBER 11, 2020

Through every financial transaction in a person’s life — whether a mortgage, auto, student or personal loan — there is one constant: the borrower. When the pandemic forced a shutdown of the economy, Congress gave blanket permission for any affected consumer to place their mortgage in forbearance,” Schwartz said. ” How it works.

Lending 404

Lending Contracts Investors Technology 404

Housing Wire

MAY 27, 2022

This week’s HW+ member spotlight features Jeremy Potter, chief evangelist at Stavvy , a 2022 Tech100 Mortgage winner. He has also held leadership roles at Quicken Loans , now Rocket Mortgage , and Normcom Mortgage. HousingWire: What is the best piece of advice you’ve ever received?

Modernization 379

Modernization Legal Contracts Mortgage 379

Housing Wire

AUGUST 7, 2023

Technology hasn’t been the barrier since 1998 when Equifax, and later other firms, developed systems to secure complex, multi-party transactions over the Internet. Lenders began to define the “trust model” of standards, contracts and shared services necessary to achieve cross industry interoperability.

Real Estate 368

Real Estate Supply Chain Architecture Brokerage 368

Housing Wire

APRIL 14, 2022

What happens when the Federal Reserve begins pulling back in a serious way from the mortgage-backed securities (MBS) market that it has helped to prop up through billions of dollars in bond purchases since the start of the pandemic in 2020 — to the point where it now holds a $2.7 You don’t know what investor demand is going to be.

Marketing 403

Marketing Investors Government Investing 403

Housing Wire

JUNE 9, 2022

That bolt-like spike in rates put many mortgage lenders into crisis mode. Still, a good portion of the lower-rate mortgage paper has worked its way through the system and is being replaced by higher-rate mortgage loans. Among the plans is an effort to develop an automated underwriting app for non-QM loans, he said.

Marketing 381

Marketing Contracts Technology Mortgage 381

Housing Wire

OCTOBER 28, 2021

Just a few years ago, we were talking about shrinking the GSEs’ footprint, giving GSE charters to vertically integrated Wall Street banks, and giving these same Wall Street banks access to the GSEs’ Common Securitization Platform, which would have enabled them to dominate mortgage markets. Let’s keep up the momentum.

Mortgage 416

Mortgage Contracts Insurance Realtors 416

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said.

Realtors 370

Realtors Technology Insurance Mortgage 370

Housing Wire

APRIL 7, 2023

When this back and forth was unfolding, mortgage demand rose 2.9% compared to the week prior and the average contract interest rate for 30-year fixed-rate mortgages with loan balances of $726,200 or less, decreased from 6.48% to 6.45%. An opportunity for commercial real estate investors and developers?

Retail 389

Retail Real Estate Clients Modernization 389

Eppraisal

JANUARY 31, 2023

Having identified a parcel of vacant land -- and negotiated a purchase contract with the seller -- the investor in raw land is now at the point where financing becomes the issue.  There Land Loan A land loan differs from a home mortgage in that the collateral does not include any structure.

Development 36

Development Finance Sellers Home Value 36

Housing Wire

NOVEMBER 29, 2021

The supply-chain bottleneck afflicting the global economy has its own counterpart in the world of residential mortgage-backed securities, also referred to as RMBS. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. billion, compared to $49.69

Loan Officers 455

Loan Officers Supply Chain Mortgage Marketing 455

Housing Wire

JANUARY 18, 2024

SW: How do you decide what you want to develop next? Our recent acquisition of assets from Evolve mortgage, SigniaDocuments, include its SMART Doc engine and whole set of docs for mortgage, including HELOCs. There is a lot of inefficiency in managing a lot of contracts and integrations are always a nightmare.

Technology 310

Technology Real Estate Architecture Investing 310

Housing Wire

NOVEMBER 29, 2023

Snatching up first-time homebuyers is akin to striking gold — since developing a relationship with them can mean a loyal client for life. Forming partnerships with mortgage brokers can be mutually beneficial. In the ever-competitive real estate market, creating a consistent flow of real estate buyer leads is strategy for success.

Real Estate 402

Real Estate Buyers Tools Real Estate Agent 402

The Robert Weiler Company

MARCH 29, 2023

As an investor, you know that income-generating properties can bring a reliable monthly cash flow and build long-term wealth. Also, you can sometimes obtain maintenance services at a discounted rate when the work is contracted through the property management company. Join a local commercial real estate investor network.

Property Management 78

Property Management Tenants Real Estate Investors 78

The Robert Weiler Company

JUNE 17, 2022

An investment in this market can provide reliable cash flow, steady appreciation, lower maintenance and management efforts per unit, and diversification of an investor’s portfolio. For new commercial real estate investors, buying a small apartment building for sale is a good investment choice. Reliable Cash Flow. Passive Income.

Property Management 147

Property Management Renovations Real Estate Investing 147

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS). The stable coin, pegged to the U.S.

Technology 393

Technology Investing Investors Mortgage 393

The Robert Weiler Company

OCTOBER 15, 2021

Also, find out what benefits the new tax bill brought to the commercial real estate industry, particularly for Ohio investors; these benefits might motivate you to make that buy decision quicker than you thought! For CRE investors, the cap rate is a way to determine the property’s ROI potential.

Investing 138

Investing Real Estate Tenants Investors 138

Housing Wire

APRIL 24, 2024

“Thanks to our strategic emphasis on technology, including years of investment in AI and the cloud, Mr. Cooper is well positioned to provide our customers with world-class service, operate as a trusted counterparty for our industry stakeholders, and grow and sustain investor returns.”

Technology 360

Technology Lending Investing Contracts 360

Appraisal Today

JUNE 17, 2022

It did not even though many lots nearby were developed. NOTE: Please scroll down to read the other topics in this long blog post on real estate market, USPAP and contracts, unusual homes, mortgage origination stats, etc. ==. It looks like the change is starting because of increasing mortgage interest rates.

Appraisal 52

Appraisal Contracts Real Estate Mortgage 52

Housing Wire

OCTOBER 22, 2021

Austin-based mortgage tech platform UpEquity raised $50 million in a Series B funding round led by the venture capital firm S3 Ventures. Other investors included Next Coast Ventures , BP Capital Management , Alumni Ventures , Gaingels, Launchpad Capital, and Early Light Ventures. million in equity and $17.5

Investors 396

Investors Contracts Buyers Mortgage 396

McKissock

JANUARY 6, 2023

You should also consider non-QM lenders (non-qualified mortgage lenders). Aside from that, there are also private mortgage insurance (PMI) providers, like Radian, MGIC, or Genworth that may have open appraisal-related jobs. These may be full-time jobs or contracted services.

Appraisal 74

Appraisal Training Lending Land Management 74

Appraisal Today

AUGUST 26, 2022

In fact, Fannie Mae will not purchase a mortgage on a property if the cost approach is the primary or only method of valuation used. Quite simply, if there isn’t enough data for the appraiser to develop a reliable opinion of value by the sales comparison approach, the mortgage will not be marketable to Fannie Mae.

Appraisal 52

Appraisal Business Contracts Advertising 52

Housing Wire

JANUARY 27, 2023

After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. Under the revamped mode, business development officers build relationships with real estate agents to get leads and client advisors take incoming leads from borrowers.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

Housing Wire

OCTOBER 26, 2022

Department of Housing and Urban Development (HUD) and the U.S. Kelly Mangold of RCLCO Real Estate Consulting attributes August’s rise in new home sales to a dip in mortgage rates , but once rates started rising again in September, sales slowed. As mortgage rates approach 7.0% Census Bureau. from August and 17.6%

Inventory 357

Inventory Contracts Buyers Investors 357

Housing Wire

APRIL 22, 2022

The mortgage market is facing a crisis today, and it’s being fueled by fast-rising interest rates. The mortgage industry, really the entire economy, is coping with fast-rising inflation further aggravated by jammed-up supply chains, the escalating war in Ukraine, and the related, expanding sanctions that are whipsawing the global economy.

Lending 393

Lending Mortgage Investors Marketing 393

Housing Wire

MARCH 27, 2023

The ongoing banking instability may affect the availability of jumbo mortgages and residential construction loans due to the high concentration of those originations stemming from small and mid-sized banks, Fannie Mae’s Economic and Strategic Research (ESR) Group said. contraction.

Construction 380

Construction Lending Finance Mortgage 380

Appraisal Buzz

OCTOBER 4, 2021

Freddie Mac (OTCQB: FMCC) today released an analysis showing that appraisal values are more likely to fall below the contracted sale price of a home in census tracts with a higher share of Black and Latino households, resulting in an appraisal gap. MCLEAN, Va. for those in White tracts, leading to a gap of 5.2%.

Valuation 370

Valuation Appraisal Contracts Finance 370

Housing Wire

JANUARY 9, 2023

Construction starts in the BFR market are being propelled by the ongoing demand for single-family rental units as high mortgage rates and limited for-sale inventory push home-purchase prospects further out of reach of many would-be homebuyers. This will be particularly true as mortgage interest rates remain elevated and increase.

Housing Market 544

Housing Market Marketing Construction Development 544

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. In 2021, local developer Stuart Price snapped up the five-bedroom, four-bath home for $2.5

Appraisal 76

Appraisal Construction Contracts Architecture 76

The Robert Weiler Company

OCTOBER 21, 2022

If you’re reading this article, you will likely need a commercial real estate appraisal for property being sold, mortgaged, taxed, insured, or developed. The data is then analyzed and used to develop opinions of value. Question 5: Why are commercial property appraisals important?

Real Estate 60

Real Estate Appraisal Property Appraisal Valuation 60

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. In this episode, we’ll learn more about his approach, how he finds and closes deals, and best practices for working with banks and private investors.

Finance 36

Finance Investing Real Estate Lending 36

Housing Wire

OCTOBER 24, 2022

Looking for remote positions where I can leverage my relationship management, customer support, and business development skills. Roofstock, founded in 2016, provides a fintech platform for investors to manage, sell and partially invest in single-family rental properties in 27 markets across the U.S. Beasley disagrees.

Real Estate 387

Real Estate Investing Investors Business 387

The Robert Weiler Company

SEPTEMBER 7, 2022

And undeveloped land is increasingly attractive for investors after favorable reports from the Ohio REALTORS®. Our land brokers anticipate steady demand from land buyers, other CRE investors, land developers, and tenants in Ohio, Central Ohio, and Columbus, Ohio. Reports have revealed a strong land market.

Marketing 78

Marketing Real Estate Investing Retail 78

Property Metrics

AUGUST 13, 2020

Borrowers holding a mortgage with a floating interest rate are negatively impacted by rising interest rates. As interest rates increase, so do the monthly mortgage payments. In some cases, this can result in the cash flows no longer creating an acceptable return for an investor. Liquidity Risk. Construction Risk.

Real Estate 53

Real Estate Tenants Investing Construction 53

Cleveland Appraisal Blog

MARCH 18, 2021

The property had been purchased for a price in the mid 50’s by an investor, two months prior to my appraisal. I was told by the investors, in an email that they sent me, that since they purchased the property two months ago, they updated the kitchen and bathroom, installed new flooring, a new furnace, and a new roof.

Appraisal 195

Appraisal Investors Buyers Market Value 195