PennyMac

JULY 20, 2021

Whether you are buying or selling a home, your real estate agent will be your partner through one of the most significant transactions of your life. Finding the right agent should involve careful planning and research, but many of us just don’t know where to start. How long have you been working as a real estate agent?

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

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. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

Mortgage 384

Mortgage Loan Officers Government Buyers 384

Housing Wire

DECEMBER 27, 2022

The Big Chill” or “Frozen,” says Green, principal at real estate law firm Polunsky Beitel Green. The number of home listings dried up , contracts were canceled , the few buyers still out there demanded concessions , mortgage rates spiked to 7% and homebuilder sentiment hit rock bottom. Or will soon.

Housing Market 526

Housing Market Marketing Real Estate Agent Real Estate 526

Housing Wire

NOVEMBER 23, 2022

With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3 Erica Davis, Guild Mortgage loan originator and home buyer. 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

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

AUGUST 4, 2023

Achieving success as a real estate agent requires more than simply understanding the mechanics of the job. Here are 10 essential skills every real estate agent should possess. Here are 10 essential skills every real estate agent should possess. Another hat to place on your head?

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” . ” So keep the hope alive!

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

APRIL 13, 2021

Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Additionally, homes listed for sale midweek sell for an average of 1.6 days faster than homes listed on the weekend.

Sellers 410

Sellers Buyers Real Estate Agent Real Estate 410

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. “Learn about the types of loans before talking with a professional to know the right questions to ask.” “These situations often happen outside of typical office hours.”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 1, 2021

If you’re planning on staying in the mortgage business in 2022, you’re probably already shifting your strategy to better enable you to originate purchase money loans next year. That means you’ve been thinking about real estate agents…a lot. It’s the real estate agent who has the consumer’s trust at this point.

Real Estate Agent 421

Real Estate Agent Real Estate Agents Lending 421

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

Appraisal 418

Appraisal Clients Real Estate Sellers 418

McKissock

JANUARY 18, 2022

A skilled real estate agent can play a major role in guiding these fledgling property owners through the maze that is a real estate transaction. In an interview with Entrepreneur , property experts say that a real estate agent can make or break a home-buying experience. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Housing Wire

MARCH 5, 2021

Rocket goes to real estate agents directly and helps them to get licensed to be a loan officer and says ‘we’ll pay you a fee if you don’t send to brokers’… that’s not good for brokers. “UWM is closing loans in 16-17 days…In a purchase market you can’t miss the contract date.

Investors 397

Investors Real Estate Agent Loan Officers Technology 397

Annarbor Appraisal

SEPTEMBER 6, 2020

The first thing to remember as a consumer or real estate agent, is that the client is the lender, not the consumer. The lender obtains the appraisal to ensure that the collateral is adequate for the loan (remember the three C’s of credit, capacity, and collateral). Limit the number of sales to three if possible. •

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

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.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting. Be prepared to offer at least asking price.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

Real Estate Agent 450

Real Estate Agent Mortgage Real Estate Agents 450

Cornerstone

MAY 4, 2021

But before you sign any contracts, keep in mind that there’s something unique going on in today’s housing market. It’s true that some repairs may be needed, but it’s a smart move to consult with a real estate agent to find out which improvements are important — and which might not make a difference to prospective buyers.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Birmingham Appraisal

SEPTEMBER 15, 2022

The AMC scenario was put into place several years ago to reduce direct contact between the loan officer and the appraiser, however as I said it can be a slower process. The appraiser is given the contact information, which is usually the real estate agents involved, to schedule the appointment and gain access to the property.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

PennyMac

OCTOBER 12, 2022

You and your real estate agent can then use this informal evaluation to refine your search to properties that are within your expected budget range. If you’d like a clearer idea of how much money you may be able to borrow on a home loan, check out the Pennymac mortgage calculator.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

Housing Wire

JULY 25, 2023

My customer is the real estate agent. Loan officers — myself included — need to strengthen their mindset. My team, we work hand in hand with real estate agents, showing them how to compete and win in a multiple offer situation. Because, as an originator, my No. I know who my customer is.

Real Estate Agent 338

Real Estate Agent Mortgage Real Estate Training 338

Housing Wire

NOVEMBER 5, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Single-family homebuyers who entered contract, meanwhile, slalomed to 12 total in July compared to 46 a year earlier, per the report. Aspen, Colorado.

Housing Market 450

Housing Market Marketing Real Estate Agent Contracts 450

Cornerstone

JULY 1, 2021

It’s also the question most real estate agents and housing authorities are asking: “When will sellers start returning to the market?” Click here to find a knowledgeable local loan officer who can help you sell fast. What really sticks out about this summer is a lack of seller competition. Got questions?

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

Loan Officers 384

Loan Officers Marketing Inventory Real Estate Agent 384

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me.

Business 74

Business Retail Realtors Loan Officers 74

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. Meanwhile, executives at UWM’s biggest rival, Rocket Mortgage, told analysts that its local loan officer recruiting initiative doesn’t represent a mortgage strategy change.

Retail 370

Retail Real Estate Agent Business Mortgage 370

PennyMac

DECEMBER 22, 2020

Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area. Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Housing Wire

MAY 31, 2022

increase year over year for properties under contract, indicating that demand in the city remains strong,” said Elizabeth Anne Stribling-Kivlan, Compass’ senior managing director. The expansion comes amid a surge in mortgage rates and declining loan origination volume. Nationally, there was a year-over-year decrease of 2.3%

Mortgage 384

Mortgage Construction Lending Real Estate 384

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal 81

Appraisal Real Estate Agent Contracts Real Estate 81

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.

Housing Market 367

Housing Market Marketing Reconsideration of Value Contracts 367

PennyMac

APRIL 2, 2020

Step 4: Find the Right Real Estate Agent. The help and guidance provided by a real estate agent or REALTOR ® can be priceless, particularly for first-time homebuyers or those searching in an unfamiliar area. But be sure you’ve done your research before opting out of using an agent.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Agents 36

Housing Wire

NOVEMBER 17, 2022

Contract or ‘gig’ workers, entrepreneurs and business owners need non-QM mortgages because they may be unable to produce the W-2 tax form used to verify qualifying income for a traditional loan. At Deephaven, we are continuously running webinars to bring new loan officers into the non-QM fold.

Lending 368

Lending Investors Real Estate Agent Loan Officers 368

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates. 0.50% of your loan value. Real Estate Commissions. Closing Fee. Homeowners Insurance.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. A typical real estate appraisal costs around $300 to $500 and is usually paid for by the home buyer upfront. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Realtor

DECEMBER 15, 2016

Comparable sales play the most important role when determining valuation, says Rick Phillips , an appraiser and real estate agent in Vienna, VA. A typical real estate appraisal costs around $300 to $500 and is usually paid for by the home buyer upfront. Dossman says this is the most common outcome.

Appraisal 78

Appraisal Real Estate Agent Real Estate Mortgage 78

Appraisal Today

AUGUST 13, 2023

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($726,200 or less) increased to 7.09 from 0.58 (including the origination fee) for 80 percent LTV loans.

Appraisal 74

Appraisal Contracts Real Estate Agent Mortgage 74