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Anxiety grips LOs as layoffs sweep the industry

Housing Wire

If you take the temperature of how loan officers are feeling ahead of the holiday season, the scale would likely read “uneasy.” According to Fahad Janvekar, a loan officer at Fairway Independent Mortgage , “there is definitely some concern” about layoffs in the industry.

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Buydowns become key for buyers to beat the market

Housing Wire

With the mortgage market rapidly shrinking – some experts believe it might contract to just $1.3 Temporary rate buydowns are a great tool for brokers and realtors to have in a rising rate environment,” a spokesperson at UWM said. ” Trudy Kelly, senior loan officer at Churchill Mortgage.

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10 Things Most Homebuyers Get Wrong About Getting a Mortgage Today

Realtor

. “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. .”

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How Today’s Market Impacts the Appraisals and Inspections Landscape

Genworth MI Blog

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.

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How top LO Thuan Nguyen plans to grow his business in 2023

Housing Wire

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.

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12 Questions to Ask Your Real Estate Agent

PennyMac

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. What marketing tools will you use to help me?

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10 essential skills real estate agents should possess

Housing Wire

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.