Housing Wire

JUNE 28, 2022

There’s no question that a digital-first way of doing business is becoming the norm and the demand for digital in the mortgage industry is only growing. HousingWire: Is this the year that digital mortgages and eClosings really accelerate? HousingWire: Is this the year that digital mortgages and eClosings really accelerate?

Mortgage 401

Mortgage Training Business Transportation 401

Housing Wire

MAY 2, 2022

Six months ago Interfirst Mortgage Co. The workforce reduction is also focused on mortgage loan production. The lender is scheduled to lay off 26 processors, 20 originators, and 15 mortgage account executives in junior and specialist job positions. The company is also laying off four people with the title of vice-president.

Human Resources 381

Human Resources Loan Officers Retail Training 381

Housing Wire

APRIL 1, 2024

In March 2022, reverse mortgage lender and servicer Longbridge Financial announced the launch of its national field sales (NFS) division , appointing reverse mortgage industry veteran Melanie Parks to lead the channel as vice president and national field sales leader. Two years later, the UPB has diminished right.

Loan Officers 395

Loan Officers Training Business Retail 395

Housing Wire

JUNE 6, 2022

It’s a tough time for mortgage lenders. A rapid rise in mortgage rates and a big drop in origination volume has led to thousands of industry job losses over the last six months. Nonbank lenders such as Pennymac , Mr. Cooper , loanDepot , Guaranteed Rate , Fairway Independent Mortgage , Interfirst Mortgage Co.,

Mortgage 414

Mortgage Loan Officers Lending Human Resources 414

Housing Wire

AUGUST 1, 2023

When the Federal Reserve slashed interest rates to zero on March 15, 2020 and set off an extraordinary real estate boom, Rocket Mortgage was ready. But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. Its parent Rocket Companies rode the wave to a stunning $9.4

Loan Officers 370

Loan Officers Retail Real Estate Agent Real Estate 370

Housing Wire

JUNE 30, 2021

The wholesale channel will continue to grow as more retail originators and borrowers learn the benefits of working with a mortgage broker. United Wholesale Mortgage (UWM) is solely focused on growing the wholesale channel and helping independent brokers thrive. “At 1 wholesale mortgage lender in the nation for six years running.

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Tools Training Technology Clients 302

Housing Wire

NOVEMBER 10, 2022

Mortgage lenders have imposed new rounds of layoffs in the fourth quarter, reflecting a dreadful landscape for originators. . This week, the latest Freddie Mac weekly survey data showed that the 30-year fixed-rate mortgage increased to 7.08%, up 13 basis points compared to last week. Rates averaged 2.98% this time last year. “As

Mortgage 370

Mortgage Loan Officers Lending Business 370

Housing Wire

NOVEMBER 2, 2023

HousingWire recently spoke with Mack Walker, SVP of capital markets at Deephaven Mortgage , about how the year went for the non-QM sector and what’s in store for the industry in 2024. Mack Walker: The non-QM sector is similar to other sectors in the mortgage space that endured headwinds throughout 2023 relative to volume in past years.

Investors 434

Investors Real Estate Lending Loan Officers 434

Housing Wire

AUGUST 21, 2020

A 30-year veteran in the consumer finance and mortgage industry, Hilzendeger will be assisting in the company’s growth, responsible for leading the mortgage servicing team and delivering customer experience. office’s Talent Development operations.

Human Resources 283

Human Resources Advertising Retail Training 283

Housing Wire

FEBRUARY 8, 2022

Newport Beach, California-based Excelerate Capital , a long-time non-QM lender with a growing market presence, finalized its acquisition of Castle Mortgage Corp. And one of our strategic plans for our growth is we’re really bolstering up our retail division in 2022.”.

Marketing 369

Marketing Retail Lending Mortgage 369

Cleveland Appraisal Blog

NOVEMBER 14, 2022

Working as a commercial real estate developer can be a lucrative career path for savvy entrepreneurs. Setting Yourself Up for Success in Real Estate Development. Some states may even require the completion of a specific training program before you can apply for licensure. Image by Unsplash. Obtain the right qualifications.

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Real Estate Development Appraisal Contracts 303

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. Department of Housing and Urban Development (HUD). “The program raises the potential for violations,” said Troy Garris, co-managing partner at Garris Horn LLP. It quickly prompted antitrust lawsuits.

Lending 369

Lending Law Legal Training 369

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said.

Realtors 370

Realtors Technology Insurance Mortgage 370

Patch of Land

SEPTEMBER 7, 2018

What is a Transit-Oriented Development? Before we explain why a transit-oriented development might be a smart market for your next flip, let’s define this type of development. What’s the Goal of Transit-Oriented Developments? What’s Behind the Growing Popularity of These Developments? Reducing traffic congestion.

Development 35

Development Transportation Retail Investing 35

Appraisal Today

JULY 28, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, USPAP and Bias, Fannie changes, unusual homes, mortgage origination Futuristic in Folsom, CA, near Sacramento for $2,395,000 4bed 4.5+bath Varies widely around the country. == Mortgage applications decreased 1.8 What’s not changing?

Appraisal 80

Appraisal Contracts Mortgage Clients 80

Appraisal Today

APRIL 5, 2024

NOTE: Please scroll down to read the other topics in this long blog post on appraiser discrimination lawsuit, waivers, staying positive with slow business, appraiser’s economic forecast, unusual homes, mortgage origination stats, etc. Significant developments have occurred in the case. Mortgage applications decreased 0.6

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Appraisal Contracts Business Construction 77

Appraisal Today

DECEMBER 1, 2023

NOTE: Please scroll down to read the other topics in this long blog post on time saving tips, Waivers, Non-lender appraisals, Tax savings, unusual homes, mortgage origination stats, etc. Technology allows some aspects of developing appraisal reports to go much faster. November 29, 2023) — Mortgage applications increased 0.3

Appraisal 89

Appraisal Business Contracts Technology 89

Housing Wire

JANUARY 27, 2023

Most retail lenders are desperately seeking high producing loan originators to make up for the losses that occurred in 2022. California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 392

Lending Real Estate Agent Loan Officers Retail 392

Dart Appraisal

APRIL 30, 2021

Since an engagement letter serves the same purposes as a traditional contract, it is crucial to carefully lay out the scope of the engagement, any contingencies that must be addressed, and any compliance specifics that need to be addressed in the development of an appraisal report, completion deadlines, and compensation arrangements.

Contracts 69

Contracts Appraisal Tips Appraisal Clients 69

Appraisal Today

APRIL 19, 2024

For too long, appraisers have faced sweeping claims that their valuations are biased against certain groups, despite appraisers’ ethical standards, rigorous training, and lack of financial stake in transactions. There are 12 principal forms used for a mortgage origination appraisal. bath, 5,258 sq.ft.

Appraisal 68

Appraisal Contracts Valuation Design 68

Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. So why aren’t more commercial real estate (CRE) entities – investors , principals, banks, law firms or developers – seeking the same? And why not? buyers and sellers) in a residential deal.

Brokerage 411

Brokerage Real Estate Development Investors 411

Housing Wire

JUNE 2, 2022

Morgan announced that it had settled its first tokenized transaction involving money-market fund shares as collateral — with plans to eventually pursue blockchain-based transactions for tokenized collateral involving equities and fixed-income securities, which include mortgage-backed securities (MBS).

Technology 393

Technology Investing Investors Mortgage 393

Appraisal Today

DECEMBER 2, 2022

I don’t know if Realtors can be re-trained to see value rather than price. I know some successful agents who were trained as appraisers and appraised for awhile. After graduation he worked for USAA in Real Estate Development. trillion overall in mortgages in 2023, down 12% from 2022 and down 3.5% They provide CMAs, etc.,

Appraisal 81

Appraisal Agents Real Estate Real Estate Agent 81

Appraisal Today

MAY 19, 2023

ChatGPT is an advanced AI language model developed by OpenAI that can be used to streamline the appraisal writing process. Some AMCs may use appraisers for data collection at a reasonable fee instead of Uber drivers with 3 weeks of training. The answer is, Yes! I learned a lot. I understand completely. I don’t like marketing either.

Appraisal 52

Appraisal Business Contracts Real Estate 52

Appraisal Today

JUNE 23, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AVMs and AI, good appraisal book, Real estate market, Fannie, non-lender appraisals, unusual homes, mortgage origination stats, etc. Fannie has been upfront about its interest in developing appraisal “alternatives.”

Appraisal 87

Appraisal Real Estate Valuation Contracts 87

Appraisal Today

FEBRUARY 17, 2023

NOTE: Please scroll down to read the other topics in this long blog post on AMC layoffs, adjustments, your business voicemail, unusual homes, mortgage origination stats, etc. == 11 of the Most Remote Homes in the World From the “Loneliest House in the World” to the smallest inhabited island, these homes are as beautiful as they are secluded.

Real Estate Agent 52

Real Estate Agent Real Estate Appraisal Agents 52

Appraisal Today

APRIL 12, 2024

Retrospective appraisals, drive-by (exterior inspection) appraisals, and valuations from plans and specifications, are all valuation assignments where an appraiser develops an appraisal opinion without personally inspecting the property. In 2021, local developer Stuart Price snapped up the five-bedroom, four-bath home for $2.5

Appraisal 78

Appraisal Construction Contracts Architecture 78

Housing Wire

APRIL 21, 2022

A former Texas A&M cross country and track athlete and Episcopalian minister, Ballard in 2011 co-founded TreeHouse , a retailer to sell environmentally friendly home construction materials. TreeHouse worked with Tesla on an ecofriendly home battery and opened a 25,000-square-foot retail store in Dallas. Currently,” Sapp said.

Construction 393

Construction Supply Chain Investors Business 393

Appraisal Today

NOVEMBER 17, 2023

While there is some overlap, being qualified to perform an appraisal requires much more training, education, and expertise, and the job goes far beyond gathering physical data. Myth #3: PDCs are not properly trained or qualified While there isn’t a license, PDCs are still required to be trained and competent to do their job.

Appraisal 70

Appraisal Modernization Training Business 70

Appraisal Today

DECEMBER 15, 2023

Wells Fargo, other mortgage lenders under scrutiny for mortgage pricing exceptions: CNBC December 11, 2023 Excerpts: Wells Fargo, once the largest mortgage lender in America, was accused of discrimination through the common industry practice of offering mortgage loan discounts to select borrowers, CNBC reported.

Appraisal 78

Appraisal Contracts Business Mortgage 78

The Robert Weiler Company

NOVEMBER 10, 2021

NOI is a figure – not a calculation – that is, the amount of income the asset yields after operating expenses (including vacancy and loss) and before the mortgage is paid. Planes, Trains, Automobiles, and More: Transportation links are essential for any industrial space or commercial properties for lease.

Real Estate 78

Real Estate Retail Investing Tenants 78

Appraisal Today

APRIL 2, 2023

NOTE: Please scroll down to read the other topics in this long blog post on Fannie Update: UAD and New “Forms”, concessions, non-lender appraisals, unusual homes, mortgage origination stats, etc. Technical specifications – for all stakeholders, but especially for organizations that will develop the new appraisal report (e.g.,

Contracts 52

Contracts Appraisal HOA Architecture 52

Appraisal Today

FEBRUARY 2, 2024

The overall timeline has not changed; however, we wanted to provide the industry with more milestone details to help in development, testing and training to prepare for the new UAD and Uniform Residential Appraisal Report (URAR). At the same time, affordability challenges will persist at higher mortgage rate levels.

Appraisal 67

Appraisal Contracts Training Real Estate 67

Appraisal Today

NOVEMBER 10, 2023

More Objective Appraisals: A Practical Guide for Appraisers By Scott Reuter Single-Family Chief Appraisal Officer, Freddie Mac Excerpts: Changing the Mindset – Facts First What’s the number one thing appraisers should be doing when they develop an appraisal? What we can expect down the road for the mortgage industry?

Appraisal 63

Appraisal Contracts Design Mortgage 63

Appraisal Today

SEPTEMBER 2, 2022

In other words, USPAP doesn’t prohibit a mortgage broker from calling and asking you to develop an appraisal based on a predetermined value, but USPAP does prohibit you from accepting that assignment. Does it depend on who trained you? Mortgage applications decreased 3.7 Mortgage applications decreased 3.7

Appraisal 52

Appraisal Contracts Clients Real Estate 52

McKissock

JUNE 8, 2021

He was buying an 1800s Victorian house in which his parents had operated a retail business for many years. ” I’d call her “ignorant” (lacking in education, training, or knowledge…a person who is ignorant is one who is uninformed or is unaware of a subject or fact). In this case, he was also the client.

Appraisal 73

Appraisal Contracts Clients Law 73

Housing Wire

JUNE 22, 2022

Before 2018, any banks with a statistically significant number of potential lending disparities evident in its public mortgage lending data disclosures wound up on the screening list. In response to the GAO report, the OCC said it would update guidance for redlining examinations and develop examiner training.

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Lending Training Government Modernization 393