Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. But its members noticed “many real estate agents are already writing sales contracts that require the buyer to pay the buyer’s real estate commission.”

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

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 78

Realtors Appraisal Market Value Real Estate Agent 78

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. Signed contracts to purchase existing homes declined a wider-than-expected 8.6%

Housing Market 306

Housing Market Marketing Loan Officers Buyers 306

PennyMac

MARCH 4, 2024

When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Realtor

OCTOBER 16, 2023

. “Many lenders, especially in more recent years, have started to charge hidden points in an effort to advertise a much lower mortgage rate to potential applicants,” warns Jason Gelios , author of “Think Like a Realtor” and a real estate agent with Community Choice Realty in South East Michigan. ” 10. .”

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

DECEMBER 20, 2022

Forecasting another purchase market in 2023, Nguyen started using his proprietary software for something new – to pursue relationships with realtors. “I I never had to work with realtors, but now I spend a lot of time working with realtors – supporting them and partnering with them,” Nguyen said in an interview with HousingWire.

Business 74

Business Retail Realtors Loan Officers 74

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. I thought it was sparse.

Lending 397

Lending Real Estate Agent Loan Officers Retail 397

McKissock

APRIL 20, 2021

You should align with a broker for the office essentials and should operate like a full-time professional with clear expectations about your earning potential, said Valorie Easter , a Realtor in Charlottesville, Virginia. Receive basic training in contracts and how to price properties using comparative marketing analysis.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Genworth MI Blog

AUGUST 31, 2022

In some cases, this meant that interior inspections and appraisals relied on pictures and details from the homeowner or realtors involved in the sale rather than direct viewing. According to the National Association of Realtors (NAR), at the height of this activity in July 2021, 27% of buyers waived the inspection contract contingency.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

McKissock

JANUARY 18, 2022

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. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Annarbor Appraisal

SEPTEMBER 6, 2020

When a sale is involved, the valuation may be lower than contracted price. Contact the loan officer for assistance in submitting an ROV, but remember these processes are mostly one-and-done, therefore be rational and compelling in that first submission. This begs the question, what, if anything, can the consumer do about it?

Mortgage Appraisal 78

Mortgage Appraisal Appraisal Mortgage Reconsideration of Value 78

PennyMac

JULY 20, 2021

Many of them have had great training and even specialized experience working for seasoned Realtors®. 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. Marketing plans and strategies are key.

Real Estate Agent 69

Real Estate Agent Real Estate Agents Sellers 69

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. But today, housing inventory has dropped far below this level: The National Association of REALTORS® (NAR) reports that there’s currently just a 2.1-month Love your loan as much as you love your new house.

Renovations 41

Renovations Home Improvement Loan Officers Real Estate Agent 41

Cornerstone

JULY 1, 2021

Click here to find a knowledgeable local loan officer who can help you sell fast. Meaning, you have the additional leverage you need to negotiate better terms on your contract when selling your house. As the National Association of REALTORS® (NAR) reports:*. Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from an agent, feel free to call the Pennsylvania Association of Realtors and report an ethics violation by clicking here. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. They always come in at exactly the contract price.

Appraisal 36

Appraisal Market Value Contracts Clients 36

Housing Wire

AUGUST 4, 2023

And when it’s time to wade through complicated contract language or explain the benefits or drawbacks of a property, agents who communicate better have a leg up on their competition. Some old-school realtors need help to adapt to marketing methods beyond paper advertising or direct mail. Talent for negotiation Negotiation isn’t easy.

Real Estate Agent 370

Real Estate Agent Real Estate Agents Clients 370

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

Housing Wire

AUGUST 24, 2023

“In order to achieve a soft landing, economic growth will have to slow to a rate that is below trend for some time in order for the unemployment rate to rise sufficiently to cause wage growth to slow consistent with a 2% inflation target over the long term, but not so slow that the economy falls into a contraction,” the ESR group said.

Construction 284

Construction Retail Mortgage Contracts 284

PennyMac

DECEMBER 22, 2020

Multiple Listing Service: Lenders and Realtors® often use the Multiple Listing Service to list REO properties, making it easy to find options from multiple lenders in one place. Depending on the lender, you may need to submit special contract forms or paperwork.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

PennyMac

APRIL 2, 2020

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. Once you’ve mutually agreed upon a price, you and the seller will be under contract, also known as being in escrow. Step 4: Find the Right Real Estate Agent.

Real Estate Agent 36

Real Estate Agent Inspection Sellers Real Estate 36

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. However, some experts, including Lawrence Yun, Chief Economist at the National Association of Realtors, anticipate a drop to about 6% by next spring, influenced by economic factors and the Federal Reserve’s decisions.

Appraisal 81

Appraisal Contracts Business Construction 81

Housing Wire

SEPTEMBER 21, 2023

There are a lot of agents today that still prefer having their customers sign contracts manually, with physical signature. How do you as a software executive think about those use cases and how those fit into the overall tech picture for Realtors? And there are some states or even some geographies within states that still mandate that.

Technology 410

Technology Real Estate Agents Design 410

Appraisal Today

JANUARY 12, 2024

Ignoring market conditions adjustments makes us look incompetent to buyers, sellers, lenders, Realtors, and the general public. Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? from 0.41 (including the origination fee) for 80 percent LTV loans.

Appraisal 68

Appraisal Contracts Mortgage Marketing 68

Appraisal Today

MAY 12, 2023

Unlicensed Data Collectors By Jonathan Miller (13-minute video) Here’s a great take on the difference between Certified Appraisers vs. Unlicensed Data Collectors by Leigh Brown, President of the NC Association of REALTORS. The residential lending appraisal business depends on low-interest rates, the same as for loan officers.

Appraisal 52

Appraisal Architecture Business Contracts 52

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.

Sellers 69

Sellers Agents Real Estate Buyers 69