Housing Wire

OCTOBER 5, 2023

The home equity products involved include home equity lines of credit (HELOCs), closed-end second mortgages (CESs) and shared-equity contracts. The recent Saluda Grade-sponsored rated offering represents the sixth securitization deal since 2021 backed fully by shared-equity contracts — valued in total at some $1.3

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Housing Wire

AUGUST 1, 2022

including six regional managers, an executive assistant and a business development associate, the mortgage lender alleges. The lawsuit, filed Wednesday in the United States District Court, District of Nevada, includes two counts: breach of contract and breach of fiduciary duty/duty of loyalty. billion in business. billion in business.

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Loan Officers Mortgage Retail Contracts 365

Housing Wire

MARCH 15, 2024

Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.

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Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. And as a result, few mortgage loan officers have experience or comfort with the product. Tozer suggested “a fee of 1.3%

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Mortgage Loan Officers Government Buyers 363

Housing Wire

APRIL 18, 2023

Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike. Radian’s innovative platform walks the borrower through the closing process step-by-step, from contract to keys. The platform makes closings simple, transparent and less expensive.

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Tools Sellers Technology Loan Officers 286

Housing Wire

FEBRUARY 26, 2024

Top 10 mortgage lender and servicer Newrez sued one of its former executives over multiple allegations, including breach of contract, disclosure of confidential information and unfair competition tied to soliciting several Newrez executives to join a competing lender. 21 in the U.S.

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Retail Legal Lending Business 376

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. billion in mortgages between June 2020 and June 2021 and was actively recruiting new loan officers and support staff.

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Mortgage Loan Officers Retail Training 339

Housing Wire

OCTOBER 22, 2020

If rates rise modestly, as MBA suggests, we will be left with rates still near historic lows, a boon for homebuyers but still a contraction in refinances. Despite this contraction, 2021 is forecasted to be a larger overall year than 2019 by approximately $195bb. So, what does this mean for originators?

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Mortgage Training Contracts Loan Officers 376

Housing Wire

APRIL 21, 2022

Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed.”. Homebuyers may feel the pinch of the higher payment based on the higher rate, but they may also be more successful at getting a home under contract and closed. Be the expert.

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Mortgage Contracts Technology Lending 366

Housing Wire

NOVEMBER 9, 2023

But having some experience with that, I didn’t really want to find contract offshore providers. Our goal is to take that seriously and try to develop technologies for both our loan officers and our consumers, to give them a real-time experiences. So we decided to open our own company in India: NAF Tech India.

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Technology Development Contracts Investing 336

Housing Wire

NOVEMBER 29, 2021

He added that large issuers, such as big investment banks, “have a dedicated desk at their TPR firm [via contract], and they will sit there and wait for the loans, but they will not put anyone in front of them.”. For those that do, it may take as little as two or three weeks, Mayhew said.

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Loan Officers Supply Chain Mortgage Marketing 409

Housing Wire

JULY 28, 2022

As the Federal Reserve announced yet another 75 basis point interest rate hike Wednesday, loan officers and lending executives — already well aware of the news — were looking ahead, questioning whether mortgage rates will spike or dip in the aftermath. Census and the Department of Housing and Urban Development.

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Housing Market Marketing Loan Officers Buyers 300

Cleveland Appraisal Blog

MARCH 30, 2021

Within the past couple of weeks, I have appraised several properties for purchases, where my opinion of the market value of these homes was significantly below the contract price. When an appraiser’s opinion of value is below the contract price, that’s when the carping begins. There is just not much out there to buy.

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Housing Market Marketing Reconsideration of Value Contracts 367

Housing Wire

JUNE 30, 2021

And while the home buying process can be stressful and time-consuming for the borrower and the loan officer, PCV Murcor prides itself on always keeping the borrower in mind. Not to mention, some appraisers have contracted with PCV Murcor for over 20 years.

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Clients Valuation Real Estate Appraisal 382

Housing Wire

AUGUST 31, 2020

All of the above categories of automation solutions are built on a foundation of machine learning solution which has been developed by Indecomm specifically for the mortgage industry over the past several years. We’ve industrialized the process and turned it into more like hiring robots like contract workers,” Bharadwaj said.

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Cleveland Appraisal Blog

OCTOBER 14, 2021

On many of my appraisals at that time, my opinion of value would not support the contract price. Don’t drink the Kool-Aid that any contract price is reflective of market value. I remember loan officers telling me that I needed to be “creative” with my appraisals. I kid you not!

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Inventory Market Value Appraisal Contracts 243

Housing Wire

SEPTEMBER 21, 2023

HousingWire Editor in Chief Sarah Wheeler sat down with Jimmy Kelly, president and CEO of Lone Wolf Technologies , to discuss the company’s development process and his vision for a connected real estate platform. There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature.

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Technology Real Estate Agents Design 354

McKissock

JANUARY 18, 2022

Schaechterle suggests that part of developing trust is by setting up clear expectations for a new home buyer. 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.

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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). The mortgage loan officer handling the loan? percent, with points unchanged at 0.46 (including the origination fee) for 80 percent LTV loans.

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Reconsideration of Value Appraisal Real Estate Insurance 73

Birmingham Appraisal

FEBRUARY 8, 2023

Not really, and today I’m going to explain the differences between several different types of appraisals that could mean the difference between a home appraising for contract price or not. If you were buying a home and the loan officer told you that they needed to get an appraisal this is what they were talking about.

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Realtors Appraisal Market Value Real Estate Agent 80

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. The community is part of a wider development in Georgetown, Texas called Wolf Ranch. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 7.21

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Appraisal Today

AUGUST 13, 2023

Anyway, I don’t mind going back in time and out further, but my preference in an appraisal report is to use older comps from the immediate neighborhood and adjust for how the market has changed since those properties got into contract. from 0.68 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

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Appraisal Today

JANUARY 12, 2024

Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? For example, to close their “deal” the borrower needs a bridge loan. from 0.41 (including the origination fee) for 80 percent LTV loans. Custom home on 8.86 Sited on 8.86

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Appraisal Contracts Mortgage Marketing 67

Birmingham Appraisal

SEPTEMBER 15, 2022

Appraisers develop an opinion of value for the subject property for various reasons including mortgage underwriting. Home Inspectors develop a recap or snapshot of the condition of the property mainly for buyers purchasing a home, but it is not limited to just buyers. What If The Appraisal Is Less Than The Contract?

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Appraisal Inspection Appraisal Process Real Estate Agent 93

PennyMac

JULY 20, 2021

Find an agent who really understands the different contracts you need and how to properly fill them out, the legal obligations you’ll run into, and the financial side of the business. Understanding unique issues like the schools, historic district designations, development plans, and even traffic patterns is essential.

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Real Estate Agent Real Estate Agents Sellers 69

Appraisal Today

MAY 12, 2023

The residential lending appraisal business depends on low-interest rates, the same as for loan officers. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) decreased to 6.48 from 0.54 (including the origination fee) for 80 percent LTV loans.

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Appraisal Architecture Business Contracts 52

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. If you’re buying a condominium or a property in a planned development, you will be required to join the homeowner association (HOA). Speak to a Pennymac loan officer today to get started. Closing Fee. Homeowners Insurance.

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Insurance Property Taxes Sellers Inspection 36

Clear Capital

SEPTEMBER 29, 2021

Following up on lots of the stories that have been out there in the media about potential purchase appraisal bias pertaining to race and ethnicity, Freddie Mac kicked off a study of whether minorities are more likely to receive an appraisal value that’s lower than the contract price during purchase transactions. Kenon Chen.

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