Housing Wire

FEBRUARY 28, 2022

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. The heightened demand has put a strain on Annapolis’ already tight housing inventory, causing properties that would have previously held narrow appeal to go faster than expected. “I Annapolis, Maryland.

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Housing Wire

JULY 16, 2021

The declaration comes 48 hours after Compass and Guaranteed Rate told of a definitive agreement to begin their own mortgage joint venture, OriginPoint. By both companies’ admission, a major key to Success’s success will be hiring loan officers.

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Housing Wire

JANUARY 18, 2023

Builders feel more confident in the market, housing inventory data is positive and buyer demand for mortgages has increased — but don’t be fooled. Brown anticipates more consolidation in the industry on the mortgage production side, as “there’s less than one loan being done by a loan officer per month on average,” he said.

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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. These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals.

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Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2

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Housing Wire

JULY 25, 2022

Local real estate agents, loan officers and appraisers from each city share what characteristics are currently defining their housing markets. Our local market feature spotlights five different areas across the country for each HousingWire Magazine. Rapid City, South Dakota. Rapid City, South Dakota. Coming in at Realtor.com’s No.

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Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

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Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

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Housing Wire

JUNE 15, 2022

“Rates are materially, definitely increasing faster than we were anticipating,” Saket Nigam, senior vice president of capital markets at Spring EQ , a home equity lender, said. ” At Spring EQ, demand for home equity loans continues to grow as home prices still increase, and borrowers struggle financially due to inflation.

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Housing Wire

DECEMBER 11, 2023

We are definitely seeing an uptick in demand. Loan originators are hopeful that mortgage rates will continue to decline as the spread between the 30-year fixed mortgage rates and the 10-year Treasury yield narrows. I don’t think things will pick up dramatically because there is still no inventory.

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Housing Wire

AUGUST 9, 2023

We also sought input from industry experts, lenders and loan officers. In a rising rate environment, ARM products are definitely more popular for clients than fixed-rate products because they’re going to take the lowest rate they can, typically an ARM.

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Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? On a side note, I’m definitely noticing some familiar agents listing bank-owned homes right now (mostly people who were big REO agents back in the day). OK, so who exactly decided the value should be HIGHER than what the appraiser reported, before an appraisal was ordered?

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Housing Wire

JUNE 27, 2022

Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. Even if mortgage rates are hovering in the 6% range, homes are still going to sell, loan officers said. The last two years have been good to Christian Dicker.

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Housing Wire

AUGUST 8, 2023

In addition, HousingWire spoke to industry experts, lenders, and loan officers to share their insights on the jumbo market. The California housing market in particular has been extremely slow, with inventory at all-time lows and few home sales. Florida followed as a distant second with $32.3 from June 2022.

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Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. To read more, click here My comments: If you want to know more, before (or after) accepting an Airbnb appraisal, definitely read this article. Taking his classes is definitely worth the time.

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Appraisal Today

OCTOBER 21, 2022

Until we get past this period over the next few months it may be hard to say definitively what is exactly happening. Inventory levels. An informal definition of Tail Coverage: Tail coverage protects a business when a claim is made after a policy has expired or is canceled. So, what metrics are worth watching?

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Appraisal Today

OCTOBER 14, 2022

My comments: Definitely a Luxury Home! ==. The fires have definitely been getting worse. Inventory levels have an impact on property valuation, at least in the short term. I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. How to Become a Luxury Home Appraiser.

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Appraisal Today

AUGUST 13, 2023

It definitely can be very useful, as Dustin explains. The purchase index fell for the fourth consecutive week, as homebuyers continue to struggle with low for-sale inventory and elevated mortgage rates.” I have not had time to use it, but have been reading and watching demos about how it can be used for appraisers for awhile.

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Appraisal Today

MAY 12, 2023

The residential lending appraisal business depends on low-interest rates, the same as for loan officers. They are definitely dedicated. Appraisals are ordered after the loan application. Lower rates from week to week have helped buyers in the market, but limited for-sale inventory remains a challenge for many homebuyers.

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Housing Wire

OCTOBER 10, 2023

.” Kickbacks in a shrinking market A shrinking market, defined by high mortgage rates and low inventory levels , appears to have exacerbated the existing mortgage kickbacks problem, industry pros told HousingWire. That’s because real estate agents and loan officers are in survival mode and desperate to close new business.

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