Housing Wire

NOVEMBER 18, 2022

This white paper will examine the growing importance of modernization in the mortgage lending industry. The document says the company will lay off 194 of its 305 employees at its headquarters in Aurora “due to unforeseeable business circumstances causing a sudden and drastic reduction in sales,” Benjamin J.

Loan Officers 415

Loan Officers Modernization Finance Housing Market 415

Housing Wire

JULY 12, 2023

Pennington’s departure comes a few months after Brady Yeager , a mortgage executive with over 21 years in finance and mortgage lending roles, joined Movement as national sales director. division, to Summit. Sources said the changes at Movement come after a shakeup to the sales team’s leadership.

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Retail Development Finance Lending 370

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 310

Real Estate Agent Real Estate Agents Loan Officers 310

Housing Wire

MARCH 4, 2021

While mortgage lenders would do well to heed the statements from the Consumer Financial Protection Bureau that it will be carefully watching fair lending and servicing issues , especially with the likelihood of a default spike, title and settlement firms will be keeping an eye on more than just the CFPB.

Lending 420

Lending Law Loan Officers Clients 420

Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to offering documents. billion. .”

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Housing Market Marketing Contracts Finance 409

PennyMac

MARCH 4, 2024

There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Purchasing a home is a big step, and you want a knowledgeable lending partner by your side as you weigh your financing options and navigate the paperwork involved.

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Loan Officers Insurance Mortgage Sellers 65

Housing Wire

SEPTEMBER 5, 2023

TB: It seems like each mortgage process should be relatively standardized because we’re manufacturing loans — the vast majority of which will be purchased by the two GSEs or insured by FHA , VA or USDA. How are lenders helping borrowers take advantage of loan product innovation and affordable housing initiatives?

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Technology Mortgage Tools Insurance 371

Appraisal Today

MAY 10, 2024

ROV (Reconsideration of Value) Changes – FHA and GSEs GSE Effective date is August 29, 2024 HUD Effective date is September 2, 2024 Editor’s note: This long section includes, In order: McKissock/Dave Bradley post with a good summary including links to HUD and GSE documents. The mortgage loan officer handling the loan?

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Reconsideration of Value Appraisal Real Estate Insurance 69

Eppraisal

DECEMBER 28, 2021

While applicants can feel uneasy about a bank looking so closely at their financial lives, they can nonetheless take comfort from the fact that the lender's thoroughness enables it to make loans in the first place. Assembling and confirming the validity of these documents is the job of a loan processor.

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Mortgage Home Value Insurance Loan Officers 68

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 334

Real Estate Agent Real Estate Project Management Agents 334

Housing Wire

SEPTEMBER 28, 2023

JA: I was going back through some old PRMG stuff and they had “the five tenets of mortgage lending success” and it was: product, pricing, compensation, marketing, and fulfillment. And we’re also looking at changes for our wholesale lending technology to help streamline that. JA: First, privacy is a huge area.

Technology 427

Technology Loan Officers Lending Business 427

PennyMac

JULY 25, 2022

What’s the difference between FHA and conventional loan options? Conventional Loan. Conventional loans by definition are loans that are not backed or insured by any government entity. You may be asked to share tax documents, paystubs and other proof of income. Flexibility on loan terms.

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Insurance Government Investing Mortgage 36

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. million in the first quarter of 2022.

Mortgage 365

Mortgage Technology Loan Officers Investing 365

Housing Wire

OCTOBER 3, 2022

Regardless of the size of a lending business, having the right origination software is the first step in creating a homebuying experience built for the 21st century. The system also provides management reporting on user productivity and loan metrics derived from a beginning-to-end workflow that can reduce costs and manual tasks.

Technology 346

Technology Loan Officers Modernization Retail 346

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Here are four loan options that can help your down payment dollars go further.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

PennyMac

APRIL 2, 2020

Is Homeowners Insurance Legally Required? This ensures that you are not paying too much, and that your lender is not lending you more than a home is actually worth. Once you have fulfilled all of your lender’s documentation requests, it’s time to close escrow on your loan.

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Real Estate Agent Inspection Sellers Real Estate 36

PennyMac

AUGUST 10, 2022

This is not true — the FHA does not issue loans directly to homebuyers. Instead, they insure loans offered by private lenders. If that happens, HUD will pay off the loan to the lender and take ownership of the home. The FHA does have lending limits, and these numbers can differ depending on where you buy a home.

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Insurance Buyers Mortgage Renovations 36

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

Mortgage 74

Mortgage Real Estate Agent Government Loan Officers 74

Housing Wire

MARCH 29, 2022

The three agencies in charge of such reviews — the Federal Reserve , the Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency — have not denied a single bank merger in 15 years. And HUD can bring lawsuits claiming bias in mortgage lending. But there was a catch.

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Lending Government Law Mortgage 366

Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home. Stop, Look & Listen – Tip No.

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Inspection Sellers Buyers Real Estate 36

Housing Wire

FEBRUARY 7, 2022

A spokesperson for HUD said the agency could not discuss investigations or strategy of fair lending enforcement, but said that fair lending is a priority of the Biden-Harris Administration and HUD. In August, HUD Secretary Marcia Fudge signed an agreement with the Federal Housing Finance Agency to strengthen fair lending enforcement.

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Insurance Modernization Lending Mortgage 359