Remove Design Remove Loan Officers Remove Real Estate Agent Remove Retail
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Rocket goes local: Testing the waters or shifting its strategy? 

Housing Wire

Its centralized call center business model, which Rocket relied upon to dominate an unprecedented refi market , isn’t as durable when interest rates are high, there are few refi opportunities and having strong relationships with real estate agents is what brings home the bacon. And Rocket is well aware.

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Why your LOS isn’t delivering a bespoke borrower experience (and what to do about it)

Housing Wire

In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do. Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans. It would forever feel like a failure due to its inherent limitations.

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Fairway breaks silence on UWM’s ultimatum

Housing Wire

billion in the wholesale channel in 2020 (compared to about $62 billion in retail), lost roughly 5% of its broker clients to UWM, according to company executives. Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

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ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

The mortgage loan officer handling the loan? If it appears to a VA appraiser that the appraised value of a property is going to come in below the pending sales price, the appraiser must contact the designated point of contact (POC) party that is specified in the appraisal order. Was it the borrower? A Zillow Zestimate?

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NAR Appraiser Survey July, 2023

Appraisal Today

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. The architectural design avoids lines and straight angles to establish the idea of continuous fluidity. UPDATED No. 9) and IV.A.

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ChatGPT for Appraisers

Appraisal Today

As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. retail residential mortgage applications, and has been conducted weekly since 1990. retail residential mortgage applications, and has been conducted weekly since 1990. And I feel it myself.