Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Another seller’s home may need repairs, and you put in your offer the need for a seller credit to pay for them.

Inspection 433

Inspection Sellers Buyers Tools 433

Lamacchia Realty

MARCH 11, 2024

Buyers hoping to purchase condos have been under more stringent lending regulations over the past three years, initially under temporary guidelines that were later made permanent. Special Assessments : The lender is expected to obtain the financial documents necessary to confirm the association has the ability to fund any repairs.

Buyers 66

Buyers Lending Insurance Mortgage 66

Housing Wire

JANUARY 2, 2024

Right now, there’s both a compelling need and the technological capacity to do mortgage lending differently. Marketplace model By differently, I mean delivering mortgage lending at scale to consumers so that the four flashing Maybes are solved. Everyone wants an outcome that meets their needs. Everyone works together.

Mortgage 392

Mortgage Modernization Finance Supply Chain 392

Housing Wire

SEPTEMBER 22, 2021

BD: First and foremost, the biggest pain point for brokers is finding lenders that offer mortgage solutions outside of the conventional lending box. Turn times are a huge pain point, especially when borrowers in unique situations may be pressed to close more quickly in a competitive seller’s market.

Finance 370

Finance Technology Lending Mortgage 370

Housing Wire

MARCH 5, 2024

Raunaq Singh wanted to capitalize on that opportunity and founded Roam , a platform that helps buyers and sellers with the assumption process. Roam acts as a facilitator, synchronizing all stakeholders involved in the assumption process, including real estate, title and escrow agents, attorneys, and the buyer and seller themselves.

Mortgage 421

Mortgage Buyers Agents Real Estate Agent 421

Housing Wire

JUNE 11, 2021

You can potentially ask the seller to pay for the improvements, or you can ask for a lower sales price to offset the cost of the repairs. If the seller is eager to sell the property, they might lower the listing price to match the appraisal. On the other hand, the seller might disagree with the appraisal and refuse to negotiate.

Inspection 424

Inspection Appraisal Appraisal Process Buyers 424

Housing Wire

MAY 10, 2021

David Doctorow : We feel for home buyers and sellers. The same is true for buyers and sellers who want and need their agent, lender and title provider to understand and deploy the most current technology platforms and resources on their behalf. That was part of our thinking when we created Seller’s Marketplace.

Real Estate Agent 424

Real Estate Agent Real Estate Agents Marketing 424

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 314

Real Estate Agent Real Estate Agents Loan Officers 314

Appraiserblogs

MARCH 17, 2021

shall provide a property seller with a document, in a form and manner prescribed by the board, informing the property seller of... Related Posts: Bill Prohibiting Discrimination in Appraisals. Prior to the initiation of a residential property appraisal, a holder of a license or certification under P.L.1991,

Appraisal 116

Appraisal Law Legal Property Appraisal 116

Housing Wire

APRIL 6, 2021

With others waiting in line behind her, the seller wouldn’t budge on price. How hybrid title and valuations help increase lending efficiency. The seller decided to counter back multiple people at $445,000 + no contingencies. Sellers are surely getting greedy.”. That’s common these days. Presented by: Altisource. “I

Appraisal 539

Appraisal Reconsideration of Value Real Estate Agent Sellers 539

Mashvisor

NOVEMBER 27, 2021

The conventional home buying process is a simple procedure — you make an offer to the seller, find a lending firm to finance the deal, sign the purchase document at…

Finance 68

Finance Lending Sellers Investors 68

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 519

Mortgage Marketing Retail Lending 519

Housing Wire

MARCH 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. ” Jacobson added that, “As an originator, I would never sign that document. Presented by: Propertybase.

Real Estate Agent 382

Real Estate Agent Retail Real Estate Design 382

Eppraisal

OCTOBER 23, 2023

The seller can reject your bid, make a counteroffer or accept your original proposal. Your response depends on how the seller replies. If the Seller Rejects Your Offer The seller may deny your home purchase offer for various reasons. Your offer will only become legally binding if the seller signs it.

Real Estate Agent 69

Real Estate Agent Sellers Inspection Real Estate 69

Movoto

MAY 15, 2024

Select service members, veterans, and some surviving military spouses can take advantage of a specific lending scenario known as a veteran mortgage – more commonly referred to as VA loans. In the following, we’ll explain VA loans and how they differ from other lending options, as well as walkthrough the steps to secure VA mortgages.

Mortgage 36

Mortgage Real Estate Agent Lending Real Estate 36

Birmingham Appraisal

AUGUST 23, 2023

The agent’s client (buyer or seller) can make an informed buying or selling decision and the appraiser’s client (bank) can make an informed lending decision. Creating Accurate Initial Expectations: Agents and appraisers collaborating early in the process help set accurate expectations for buyers and sellers.

Agents 85

Agents Appraisal Valuation Appraisal Process 85

PennyMac

MARCH 4, 2024

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. You’ll have peace of mind knowing your borrowing limit and be able to show realtors and sellers that you’re serious about purchasing.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Lamacchia Realty

MARCH 12, 2024

Due to rising rates and home prices that have continued to influence consumer spending, 2023 saw the lowest inventory in recorded history, and in 2024, sellers are still hesitant to enter the market. They should be well known, respected among agents in the area, and highly specialized in mortgage lending.

Buyers 70

Buyers Inspection Sellers Real Estate 70

Housing Wire

JULY 27, 2022

In fact, according to bond-rating documents, the bulk of the loans backing Angel Oak’s five PLS deals to date are seasoned, or aged, between 7.4 Keith Lind, CEO of non-QM lender Acra Lending , said Acra’s mortgage rates have been in the “high 7%” range for the past month, “and there’s good liquidity” at that level.

Marketing 376

Marketing Investors Mortgage Finance 376

Movoto

JANUARY 31, 2022

It’s also an opportunity to review all the closing documents, make sure the title is clean , and release any funds that have been held in escrow to the parties that are owed money. Real estate attorney: They can represent you or the seller, or both sides may have attorneys. The seller: The current homeowner.

Real Estate Agent 36

Real Estate Agent Sellers Insurance Buyers 36

Listing Spark

DECEMBER 15, 2022

Brandon Smith, who has over 13 years of investing and lending experience, specializes in owner financing and has developed a successful system for sourcing deals and minimizing risk. Where can you find good sources of lending. The RMLO delivers an extensive document of 64 pages to make sure he only picks the right buyers.

Finance 36

Finance Investing Real Estate Lending 36

Housing Wire

AUGUST 30, 2022

I have documented the history of these housing price crash addicts for a decade now. Nor can we ever have a credit sales boom again with lending standards back to normal. One of the issues with existing home inventory has been that, for the most part, a traditional seller is usually a buyer of a home. million listings.

Inventory 382

Inventory New Listings Law Housing Market 382

Housing Wire

DECEMBER 11, 2023

Not surprisingly, affordability is inextricably linked to fair housing , as fair housing (and lending) for all is foundational to affordability for all. In reality, Citi illegally fabricated documents to cover up its discrimination,” said Rohit Chopra, the director of the CFPB, in a statement.'” ” (Source: ABC7.com

Real Estate Agent 434

Real Estate Agent Real Estate Agents Lending 434

Housing Wire

MARCH 28, 2024

It doesn’t lend itself to a 24-hour cycle. Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases, and even the closing itself, as RON and digital closings gain adoption rapidly. A form may be required in one county that isn’t in most others.

HOA 442

HOA Property Management Real Estate Agent Technology 442

Raleigh Realty

AUGUST 17, 2021

Whether you are a first-time home buyer or you're buying again, you will want to know how Due Diligence and Earnest Money impact you as a buyer or seller in North Carolina The following article is going to be regarding Due Diligence, Due DIligence fees, and Earnest Money in North Carolina Real Estate. Due Diligence: What Is it?

Real Estate 148

Real Estate Real Estate Agent Contracts Inspection 148

Eppraisal

APRIL 20, 2021

It's a sizzling, fast-paced seller's real estate market right now. A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. In parts of the country, sellers are receiving significantly more than asking price.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

Birmingham Appraisal

JUNE 13, 2023

This can include a copy of the listing sheet, a list of recent improvements or upgrades, a plat map or survey, a floor plan, and any other relevant documents. Explain your concerns and provide any evidence or documentation that supports your position. Do provide a packet of information about the property.

Real Estate Agent 81

Real Estate Agent Real Estate Agents Reconsideration of Value 81

Lamacchia Realty

JANUARY 10, 2022

Inventory initially dropped in March 2020 as a result of sellers pausing on listing their homes and that number has stayed extremely low since. They should be well known, respected among agents in the area, and highly specialized in mortgage lending. Here are five homes that recently sold for over asking price: Escalation Clause.

Sellers 72

Sellers Buyers Inspection Bracketing 72

Housing Wire

JUNE 9, 2022

The lenders originating in the non-QM space make use of alternative-income documentation because borrowers cannot rely on conventional payroll records or they otherwise fall outside agency credit guidelines. Non-QM mortgages include loans that cannot command a government, or “agency,” stamp through Fannie Mae or Freddie Mac.

Marketing 376

Marketing Contracts Technology Mortgage 376

AmeriMac

APRIL 15, 2024

Whether you’re a buyer looking to secure a mortgage, a seller determining the asking price, or a homeowner considering a case of a refinance, understanding how to order a home appraisal quickly is essential for a successful home purchase. These documents and information will help the appraiser assess the value of your home accurately.

Appraisal 36

Appraisal Appraisal Process Real Estate Renovations 36

D Fritz Appraisals

AUGUST 12, 2019

Real estate appraisal documents are legal, confidential documents that are only released to the original requestor of the appraisal report as well as other parties with the original requestor’s permission. They both require the seller to give them permission to enter the premises. What Is a Home Inspection?

Inspection 94

Inspection Appraisal Real Estate Property Appraisal 94

Housing Wire

NOVEMBER 22, 2023

It doesn’t lend itself to a 24-hour cycle. Other complex and time-consuming tasks addressed by improved technology include title searches, document preparation, lien releases and even the closing itself, as RON and digital closings gain adoption rapidly. A form may be required in one county that isn’t in most others.

HOA 418

HOA Real Estate Agent Technology Real Estate 418

Raleigh Realty

AUGUST 27, 2021

For this process, some of the common documentation that you will need to provide to the lender include your most recent pay stubs, tax returns, marriage licenses, divorce settlements, child support documentations, and bankruptcy documents. Your lender will then run a thorough credit check. Why is pre-approval so important?

Real Estate Agent 78

Real Estate Agent HOA Real Estate Agents 78

Housing Wire

DECEMBER 20, 2021

Homeowners have to document and describe their financial hardship, which has to have occurred after Jan. Mortgage servicers are negotiating uniform procedures and documents with states, so their interactions can be faster when paying borrowers’ debts.

Mortgage 359

Mortgage Government Contracts Insurance 359

Lamacchia Realty

FEBRUARY 22, 2023

Since then, as rates and inflation have continued to influence consumer sentiment and spending, inventory has remained low as sellers hesitate to dive into the market. They should be well known, respected among agents in the area, and highly specialized in mortgage lending.

Buyers 41

Buyers Sellers Inspection Bracketing 41

Zillow

JULY 15, 2019

Appraisal : An informed, impartial and well-documented opinion of the value of a home, prepared by a licensed and certified appraiser and based on data about comparable homes in the area, as well as the appraiser's own walkthrough. Closing : A one- to two-hour meeting during which ownership of a home is transferred from seller to buyer.

Real Estate Agent 56

Real Estate Agent Insurance Inspection Buyers 56

Housing Wire

MAY 6, 2024

That question would be answered succinctly when the Dodd Frank Act retooled the entire consumer regulatory structure, redrafting lending and closing documents, stiffening enforcement of laws long on the books and creating new ones, and sending participants in the real estate process into a panic trying to figure out to make it all work.

Real Estate Agent 330

Real Estate Agent Real Estate Project Management Agents 330