Housing Wire

JUNE 6, 2023

With rates around 6.9% and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Michael J. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. The client requested a cost analysis to compare monthly payments on a mortgage at 7.5% versus a 6.5% mortgage rate with a permanent rate buydown.

Loan Officers 384

Loan Officers Clients Buyers Sellers 384

Real Estate News

JUNE 6, 2023

Gene Millman, the leader of Colorado's largest MLS, believes MLSs "have a bad habit of forming silos" — but by working together, they can be stronger.

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274

Housing Wire

JUNE 6, 2023

Union Home Mortgage (UHM), an independent mortgage banking company, announced on Tuesday that it has appointed Linda Thomas as regional manager for the company’s Florida operations. In this role, Thomas will primarily focus on recruiting loan officers across the state. “Florida has always been a key focus for us. We’re thrilled to have a talented, natural leader like Linda spearheading what’s next,” said Jim Ferriter , senior vice president of retail sales at UHM. &

Retail 370

Retail Loan Officers Lending Mortgage 370

Real Estate News

JUNE 6, 2023

Black Knight reports that recent borrowers had higher credit scores and larger down payments, suggesting that lenders have tightened their standards.

Buyers 242

Buyers 242

Housing Wire

JUNE 6, 2023

Top originator United Wholesale Mortgage settled a lawsuit with broker shop Mid Valley Funding , in which the broker shop was accused of violating UWM’s controversial ultimatum by sending loans to rivals Rocket Mortgage and Fairway Independent Mortgage. The settlement, reached on June 5, dismissed the lawsuit with prejudice, requiring Mid Valley to pay $40,000 to UWM, as the brokerage firm acknowledges that it sent loans to Rocket and/or Fairway after the ultimatum was in effect.

Brokerage 370

Brokerage Contracts Legal Business 370

The Appraiser Coach

JUNE 6, 2023

Let’s talk about the velocity of money. This isn’t velocity in the sense of the physics term – we’re not looking at how fast a 50 dollar bill can fly.

Inspection 195

Inspection Advertising Real Estate Agent Government 195

Real Estate News

JUNE 6, 2023

As part of the government debt-ceiling deal, student loan payments that had been paused for the past three years will resume at the end of August.

Buyers 226

Buyers Government 226

Housing Wire

JUNE 6, 2023

Cenlar FSB , the second-largest mortgage servicer and largest subservicer in the U.S., announced on Tuesday the promotion of two leaders in its wholesale bank division. Keith Austin has been promoted to director of asset management and valuation services. With over 25 years of experience in portfolio management, he brings to the role an extensive expertise in default mortgage servicing.

Valuation 369

Valuation Clients Contracts Mortgage 369

Inman

JUNE 6, 2023

High property taxes in Texas have in the past canceled out some of the state's affordability advantages. But political leaders are looking for ways to reduce homeowners' tax burden.

Property Taxes 155

Property Taxes Marketing Mortgage 155

Housing Wire

JUNE 6, 2023

Rocket Mortgage is looking to hire local loan officers at a time when mortgage rates are high and the industry remains heavily reliant on the purchase market. The Michigan lender, which racked up record profits with its call center model during the pandemic due to a large number of refis, said hiring local LOs isn’t really a shift in its business model.

Loan Officers 367

Loan Officers Mortgage Retail Real Estate Agent 367

Inman

JUNE 6, 2023

In a busy landscape of tech tools and platforms, we wanted to understand what makes Breakthrough Broker custom marketing centers stand out to industry leaders who use it every day.

Tools 148

Tools Marketing Agents Business 148

Housing Wire

JUNE 6, 2023

Sprout Mortgage and its ex-workers are close to settling several lawsuits over unpaid wages following the abrupt closure of the non-QM lender 11 months ago. A judge has yet to approve the deal. On June 1, attorneys representing the former employees filed a notice of motion for preliminary settlement approval in a federal district court in New York.

Clients 366

Clients Mortgage Insurance Investors 366

Inman

JUNE 6, 2023

My Link My Lead will enable eXp agents to share links to eXp's national search portal and automatically refer the leads generated outside of the agent's service area, the company said.

Agents 148

Agents Realty Tools Technology 148

JMV Lending

JUNE 6, 2023

Have you ever wondered how appraised value impacts the real estate market and the homebuying process? Whether you’re buying, selling, or refinancing a home, understanding the concept of appraised value is crucial. It plays a significant role in determining the worth of a property and affects various aspects of real estate transactions. What is Appraised […] The post Everything You Need to Know About Appraised Value in Real Estate appeared first on JVM Lending.

Real Estate 78

Real Estate Appraisal Lending Marketing 78

Inman

JUNE 6, 2023

As the ADU trend continues to gain traction, Kendyl Young's role in equipping agents with the tools they need to navigate this new landscape is vital. Brandon Doyle talks to her about how she's helping to educate agents on this niche.

Tools 148

Tools Agents Investing 148

GoForrmz

JUNE 6, 2023

Effortlessly document grinding, soldering, cutting, welding hazards, and more with our free hot work permit Template today Construction sites that facilitate hot work operations are required to have hot work permits on site until all hot work operations are completed. However, paper hot work permits require manual filing and rely on the hope that the permit will not be misplaced, lost, or damaged during the work.

Construction 78

Construction Project Management 78

Inman

JUNE 6, 2023

In her first big move since becoming CEO, Kamini Lane revealed an organizational shakeup aimed at streamlining and supercharging Coldwell Banker Realty's recruiting, retention and growth strategy.

Realty 147

Realty Brokerage 147

Lamacchia Realty

JUNE 6, 2023

Lamacchia Realty, Inc. has released its “Top Producing REALTORS®,” for May 2023! This program recognizes the Top 10 REALTORS® by company and the Top 3 or 5 REALTORS® by office with the highest transaction numbers or sales for the month! May 2023 Winners of the Top 10 for the Company are: Michael Valencia is a passionate and knowledgeable REALTOR® with almost two decades of active-duty military experience.

Realtors 73

Realtors Realty Real Estate Clients 73

Inman

JUNE 6, 2023

In these times, double down — on your skills, on your knowledge, on you. Join us Aug. 8-10 at Inman Connect Las Vegas to lean into the shift and learn from the best. Get your ticket now for the best price.

Marketing 147

Marketing Real Estate Agents 147

BiggerPockets

JUNE 6, 2023

If you're wondering how long does it take to build a house, the answer can differ depending on the type of home you are constructing.

Construction 74

Construction Real Estate 74

Inman

JUNE 6, 2023

Bridge loans offer investors a quick and flexible way to finance an investment property, but they come with some disadvantages, writes Luke Babich, chief sales officer at Clever Real Estate.

Investing 142

Investing Real Estate Investors Finance 142

Mortgagebroker News

JUNE 6, 2023

Executive describes the role of a mortgage broker as that of a 'counsellor'

Mortgage 69

Mortgage 69

Inman

JUNE 6, 2023

Merch isn’t just for rock bands and YouTubers. DOORA Properties Creative Director Janet Pozos shares strategies for creating an on-demand product line to promote your real estate business.

Real Estate 142

Real Estate Business Design Brokerage 142

Mortgagebroker News

JUNE 6, 2023

Active listings showed a more subdued annual increase, industry association says

Buyers 65

Buyers Marketing 65

Inman

JUNE 6, 2023

Brad Smotherman bought 28 homes last month without traditional financing. He plans to double his business by the end of 2024. The Tennessee real estate investor told Inman how he does it.

Real Estate 140

Real Estate Investors Finance Business 140

Mortgagebroker News

JUNE 6, 2023

A significant share of Canadians are delaying their home purchases

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Inman

JUNE 6, 2023

The Consumer Financial Protection Bureau warns of reputational and legal risks of relying on "deficient chatbots" as the primary mode of interacting with customers.

Legal 138

Legal Technology Mortgage 138

BiggerPockets

JUNE 6, 2023

Too busy to buy rental properties? After this episode, you won’t have any more excuses.

Business 59

Business Real Estate 59

Inman

JUNE 6, 2023

The most valuable asset you have is you, and the smartest investment you can make is to nurture and develop that asset at Inman Connect.

Investing 143

Investing Development Business Real Estate 143

Eppraisal

JUNE 6, 2023

In today's competitive real estate market, many potential homeowners face the challenge of securing a mortgage with favorable terms. Fortunately, the Federal Housing Administration (FHA) offers a viable solution through its FHA loan program. Designed to make homeownership more accessible, FHA loans provide an array of benefits for first-time buyers and individuals with limited financial resources.

Insurance 36

Insurance Buyers Finance Design 36

Inman

JUNE 6, 2023

Find out how Palm Beach agent Daniel Ekerold learned to focus more on the service provided so that the ROI could take care of itself.

Agents 133

Agents 133

Mortgagebroker News

JUNE 6, 2023

A rate jump looks increasingly possible

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68

Inman

JUNE 6, 2023

Atlanta broker-owner Amy McCoy joins Dr. Lee Davenport for a discussion of community advocacy and housing equity.

Agents 110

Agents Marketing Real Estate Investors 110

BiggerPockets

JUNE 6, 2023

Everyone wants to know how to get rich in a recession. The problem?

Real Estate 58

Real Estate Investing Marketing 58