Housing Wire

MARCH 25, 2024

Betley, who has more than a decade of experience helping first-time and move-up buyers, joined NFM Lending as a loan officer in 2021. I can use it as a storage tool for educational value propositions to clients. ban of the short-form video app. million ‘likes’ on TikTok. The newer generations want to see stuff.

Loan Officers 339

Loan Officers Tools Business Clients 339

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 27, 2022

One caveat: the government provided a free tool for the bank, but Wells Fargo decided to use its own software, according to the lawsuit. The bank set aside $8 million to be used to remediate the customers, but plaintiffs filed the lawsuit alleging breach of contract, fraudulent concealment, and intentional infliction of emotional distress.

Mortgage 404

Mortgage Government Contracts Tools 404

Housing Wire

APRIL 21, 2022

But Carrie Gusmus , President and CEO of Aslan Home Lending Corporation, has a more positive outlook despite the current headwinds. 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.”.

Mortgage 361

Mortgage Contracts Technology Lending 361

Housing Wire

APRIL 8, 2021

When you’re trying to create a standout offer to buy a home, it’s important to consider the tools and tactics at a buyer’s disposal. First, the pre-approval letter tells the seller that you are serious about buying a home and that you have a commitment from a reputable lender on how much it will lend to you.

Inspection 432

Inspection Sellers Buyers Tools 432

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. Run a spreadsheet by LO, branch and region.

Mortgage 370

Mortgage Training Contracts Loan Officers 370

Housing Wire

DECEMBER 21, 2021

However, when every mortgage lending forecaster, economist and expert analyst is predicting less volume and margin contraction, leaders must react,” he said. Seasoned loan officers advise “sharpening your tools and getting good at your craft,” Woodward said.

Loan Officers 433

Loan Officers Retail Business Mortgage 433

Housing Wire

JUNE 14, 2022

Using automated tools to establish home values helps remove human bias, although it limits the collection and evaluation of a property’s current condition,” wrote Freddie Mac. Both GSEs argue that these approaches advance equity. A property data collector may well have unconscious biases unleashed by a photo of a Black family on the wall.

Appraisal 287

Appraisal Valuation Inspection Law 287

Listing Spark

JANUARY 22, 2024

However, that also means the market is incredibly competitive and requires the latest tools to keep one step ahead. Once they located a property, they had to move through paper-based lending, title search, and closing processes that added weeks to the project. Over time, things became more streamlined.

Real Estate 36

Real Estate Tools Investors Investing 36

Housing Wire

JUNE 21, 2022

It plays an essential role in the economics of homeownership, ensuring that credit reaches those who need it and providing safeguards to those who lend it. Title insurance is imperative for lenders to ensure the borrower has ownership rights to a property, but it doesn’t just protect against problems affecting title.

Insurance 506

Insurance Easement Real Estate Investing 506

Housing Wire

JANUARY 11, 2024

On the right tech mindset: Adam Carmel, Polly CEO : “When I was in lending, I think I always overestimated the impact technology or software, or more importantly, a switch in technology, would have on our business in the first six months or a year, and the difficulty in transitioning. .” But it’s weird.

Technology 370

Technology Contracts Business Appraisal 370

McKissock

MARCH 2, 2021

Here are five excellent resources offered by McKissock Learning—including a Pro-Series webinar on Wednesday, March 17, 2021, “ The Market Value Doesn’t Support the Contract Price, Now What? ”. Webinar: The Market Value Doesn’t Support the Contract Price, Now What? Sign up now. Blog post: 9 Ways to Handle Appraisal Pressure.

Appraisal 103

Appraisal Contracts Market Value Clients 103

Housing Wire

JANUARY 14, 2021

It has brought in interactive technology and cognitive business process tools as resiliency responses to the crisis. It is a new standard taking a more significant advantage of productivity tools and means awaiting mass scale adoption. The mortgage industry has been forced to respond to the massive and sudden work-from-home mandates.

Mortgage 476

Mortgage Technology Business Tools 476

Housing Wire

APRIL 26, 2022

A rising player in the world of crypto-mortgages and blockchain-enabled financing, LoanSnap, plans expand its reach in the market by opening its lending platform to licensed mortgage brokers across the country in the near future. The financing for the initial deal was handled through a cryptocurrency lender called Helio Lending.

Mortgage 433

Mortgage Technology Investing Investors 433

Housing Wire

OCTOBER 16, 2023

This approach is negotiated in the contract; it’s a seller concession to the buyer for a set amount. Sellers are even using this as a tool to attract buyers. Nicole Rueth, Branch Manager and SVP of national mortgage lending company The Rueth Team , recently demonstrated it best. Let’s use $10,000 as an example.

Agents 379

Agents Buyers Sellers Inventory 379

Housing Wire

DECEMBER 6, 2021

In the next five-to-10 years, Doma CEO Max Simkoff wants to make it possible for a homebuyer to sign a contract on their new home on a Friday evening and move in on a Monday morning. At the end of the day, real estate is incredibly local and you have to be able to build tools that are able to handle that. Qualia CEO Nate Baker.

Modernization 376

Modernization Real Estate Agent Insurance Real Estate 376

Housing Wire

APRIL 7, 2021

“They have a responsibility to protect consumers’ interest, but to now come in and intervene in areas of mortgage lending that have already been pre-litigated with rule-making created under a similar democratic regime creates a lot of confusion and distrust, which is the last thing we need right now.”

Investors 350

Investors Legal Contracts Government 350

Housing Wire

NOVEMBER 29, 2022

Given the market contraction and numerous layoffs in the industry, it may be surprising to think that loan officer recruitment and retention could be a focus for some lenders and independent mortgage banks right now. One that’s often cited is a lack of tools, product mix or support. “So

Loan Officers 370

Loan Officers Investing Technology Mortgage 370

Clear Capital

JULY 26, 2022

Automated valuation models (AVMs) are a cost-and-time-efficient solution for valuing lower-risk properties in home equity lending, portfolio valuation, pre-valuation decisions, and more. Simply put, you want to know if you’re working with a marketing-grade or lending-grade AVM.

Valuation 69

Valuation Lending Tools Real Estate 69

Housing Wire

NOVEMBER 30, 2023

Real Estate Finance: Covers the real estate finance essentials, including the current real estate market, types and sources of real estate loans, real estate residential and commercial loan process, the OH foreclosure process, government involvement, the construction and development lending process & more. Athens Campus location.

Real Estate 362

Real Estate Real Estate Agent Law Inspection 362

Housing Wire

MARCH 5, 2021

“UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date. “Our job is to give [brokers] the tools to compete. .” Ishbia said that UWM’s efficiency will serve brokers well this year since one of the company’s hallmarks is closing fast. billion a month.

Investors 369

Investors Real Estate Agent Loan Officers Technology 369

Birmingham Appraisal

FEBRUARY 20, 2024

It’s important to understand that collaboration does not mean that both parties must work together so that the deal closes at the contract price no matter what. The lender then obtains an appraisal to make sure that the property they are lending on, which is the collateral for the loan, is worth what they are paying for it.

Agents 89

Agents Appraisal Real Estate Agent Bracketing 89

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. What tools and services investors should use if they want to get into owner financing. Where can you find good sources of lending.

Finance 36

Finance Investing Real Estate Lending 36

Listing Spark

MARCH 12, 2024

Online home-selling platforms and tools include all the resources sellers need to market their homes and complete the entire sales process. The second is to use online pricing tools. AI and machine learning tools can do all the research and data analysis for you and offer pricing suggestions.

Buyers 36

Buyers Agents Tools Contracts 36

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. If there are discrepancies between the mortgage appraisal and the contract price the appraisal can be used as a tool for negotiating a market-supported contract price.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

Housing Wire

MARCH 7, 2022

It’s a great marketing tool for the right type of listing. between signing a contract to buy a home and purchase closing is 50 days, according to a September 2021 report from ICE Mortgage Technology. million in NFTs were swiped by thieves who tricked OpenSea users into signing contracts allowing NFTs to be transferred without payment.

Real Estate 452

Real Estate Law Inspection Agents 452

Housing Wire

AUGUST 16, 2023

The speed of the rate hikes has shrunk gain-on-sale margins because mortgage companies haven’t contracted quickly enough to offset falling demand. The size of the lending opportunity in the upcoming years is hard to figure at the moment. But servicing performance has been exceptional.

Retail 318

Retail Real Estate Agent Business Mortgage 318

Appraisal Buzz

JUNE 7, 2021

In 2015, I designed the Market Machine, a technological tool used by appraisers and other valuation professionals. Josh : The course is taken by staff of lending institutions and appraisal management companies and centers on the need for companies to meet or exceed clients’ and regulators’ minimum training requirements.

Training 366

Training Reconsideration of Value Valuation Clients 366

Clear Capital

JUNE 21, 2022

When Freddie Mac published the study, “ Discovery of Racial and Ethnic Valuation Gaps In Home Purchase Appraisals ” in late 2021, its conclusion, “that Black and Latino applicants receive lower appraisal values than the contract price more often than White applicants,” sent shockwaves through the mortgage industry. Valuation Equity.

Valuation 69

Valuation Technology Lending Real Estate 69

Housing Wire

APRIL 27, 2023

But the caveat, of course, is that all bets are off if there’s a more meaningful contraction in lending [in the wake of recent bank failures and other economic factors] because then you’re in serious trouble,” Petrosinelli added.

Renovations 272

Renovations Investing Real Estate Marketing 272

Appraisal Today

SEPTEMBER 15, 2023

This typically happens when an appraiser turns in an appraisal with an appraised value opinion lower than the sale contract price. Richard Hagar, SRA, has a good book on Dave Towne’s comments (and many other client issues): For more info click here == Private money lending – no UAD, computer “reviews”, low fees, etc.

Appraisal 82

Appraisal Real Estate Agent Contracts Real Estate 82

Appraisal Today

FEBRUARY 16, 2024

Never use a lending form (such as a 1004) for estate work. For non-lending work like estate work, you can use a good, protective engagement agreement. My comments: MORTGAGE LENDING IS VERY SLOW NOW. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 6.68 percent from 6.80

Appraisal 80

Appraisal Contracts Training Architecture 80

Appraisal Today

AUGUST 25, 2023

And to ensure data procured through RPR can be used in the appraisal process, NAR and RPR have been actively engaged with lending agencies Fannie Mae, Freddie Mac, VA, and FHA to make them aware of this bridge solution for the appraiser community. Never be dependent on the ups and downs of lending again! What does your MLS have?

Appraisal 76

Appraisal Real Estate Agent Agents Real Estate 76

Appraisal Today

MAY 19, 2023

Chat GPT For Fannie Form Appraisal Reports By Dustin Harris Excerpts: The world of real estate appraisal is constantly evolving (much to our dismay sometimes), and as professionals in this field, it is crucial to stay ahead of the curve by embracing innovative tools and technologies. You don’t need a website. percent from 6.48

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

NOVEMBER 24, 2023

It turns out gratitude is a tool. They say gratitude is one of the most misunderstood free tools for a better life. Quite different than others in the lending business who just want to make as much money as they can. The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA decreased to 7.19

Appraisal 75

Appraisal Mortgage Business Contracts 75

Portland Appraisal Blog

APRIL 14, 2019

There has been a meeting of the minds, the contract has been signed and everyone is anticipating a smooth closing. The purpose of this blog post is to lend some insight into what an agent should do and not do during the third stage. Time indexing is an extremely important tool and one all appraisers should be familiar with.

Appraisal 78

Appraisal Reconsideration of Value Agents Market Value 78

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 6.81

Appraisal 52

Appraisal Insurance Real Estate Business 52