Housing Wire
APRIL 14, 2021
The push to further digitize the mortgage process gained added traction amid the COVID-19 pandemic, with lockdowns forcing the mortgage industry to adopt new technologies it has otherwise been slow to embrace. Remote Online Notarizations form part of that digital transformation, naturally. However, the role RON will play in the end-to-end digital mortgage process is somewhat overblown.
George Dell
APRIL 14, 2021
Faster we understand! But what is “better”? Faster is one of the ways we can make more money. Faster can be personally satisfying — if I can deliver a good or better product by being more efficient. Efficiency comes through good systems, and personal competency. Aha! So better can involve better systems, and more knowledge. […]. The post Better Faster Appraising?
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Housing Wire
APRIL 14, 2021
Homeowners are spending money to battle the effects of weather and climate change on their properties, a new Redfin survey showed, with some allocating more than $5,000 to protect against events like extreme temperatures and flooding. Approximately 60% of 1,200 surveyed homeowners said they have invested in making their homes more resilient to at least one weather-related risk, with more than 36% spending $5,000 or more.
Realtor
APRIL 14, 2021
Getty Images Even during the COVID-19 pandemic, people want—and need—to buy homes. The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. “There is a shortage of houses in many markets. This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at Homebridge Financial Services.
Housing Wire
APRIL 14, 2021
Non-QM lender Sprout Mortgage has brought on Infosys ‘s chief information officer and global director of real estate finance solutions, Henry Santos , as its own CIO and executive vice president, the company announced Tuesday. Santos had served at Infosys for two years before his latest appointment, and previously served as the North American lending executive for IBM.
Realtor
APRIL 14, 2021
Getty Images Even during the COVID-19 pandemic, people want—and need—to buy homes. The housing market has been red-hot for a while, but the current market conditions make buying more of a challenge than ever. “There is a shortage of houses in many markets. This is creating bidding wars, offers over asking, and appraisal gaps—houses are going quickly,” says Shanon Schinkel , branch manager and mortgage lender at HomeTown.
Property Appraisal Zone brings together the best content for appraisal professionals from the widest variety of industry thought leaders.
McKissock
APRIL 14, 2021
How many of your real estate clients have used you before in a home sale? A survey by the National Association of REALTORS® (NAR) said 91 percent of buyers would likely use the same real estate sales agent again or recommend them to a friend. Unfortunately, that number is much higher than clients who actually did use the same agent again. This incredible gap is ultimately caused by lack of follow-up, not staying in touch, and poor client tracking on the part of real estate agents.
Housing Wire
APRIL 14, 2021
When COVID-19 first rocked the U.S. economy in March 2020, mortgage lenders had to be nimble in a variety of areas. Mortgage interest rates hit record lows and origination volume surged. At the same time, a number of individuals were facing job losses. This meant that lenders were having to adapt the method in which they evaluated borrower income while simultaneously handling an influx in refinance and purchase demand.
Valuation Review
APRIL 14, 2021
Embrace Home Loans named Jason Will as the senior vice president of market growth, a newly created role at the company, according to a press release. Read on for more information about this new hire and position.
BiggerPockets
APRIL 14, 2021
Real estate doesn't have to be frightening. Investing in college rentals may seem like a good way to find trouble, but careful analysis and screening solve most potential issues.
Valuation Review
APRIL 14, 2021
The Fannie Mae Home Purchase Sentiment Index (HPSI) increased in March by 5.2 points to 81.7. Four of the HPSI’s six components increased month-over-month, including the components related to homebuying and homeselling conditions, household income, and home prices. Read on to learn more.
BiggerPockets
APRIL 14, 2021
How can landlords balance their financial needs with their tenants' to give both parties a way through challenging circumstances? A rent relief plan may be the answer.
Valuation Review
APRIL 14, 2021
S&P Dow Jones Indices released the latest results for the S&P CoreLogic Case-Shiller Indices. Data released for January 2021 shows that home prices continue to increase across the U.S. More than 27 years of history are available for the data series. Read on to learn more.
BiggerPockets
APRIL 14, 2021
Mortgage may remain stable, but there are more considerations afoot—like rising inflation. How do these concerns affect investors? Should you adjust your strategy?
Valuation Review
APRIL 14, 2021
Digital GLA and sketch automation represents a revolution in property data collection, which is of utmost importance for appraisers moving forward. Valuation Review spoke with Clear Capital’s Innovation Labs Executive Vice President Jeff Allen, who outlined the many facets this technology offers appraisers. Read on for more information.
Quicken Loans
APRIL 14, 2021
When you’re applying for a mortgage, providing adequate documentation can feel like an intimidating process. Depending on the situation, it could take you weeks to track down all the necessary paperwork and get it to your lender, only to be asked for more. To heighten the stakes, if you can’t get your documents submitted in a timely manner, it can seriously slow down the mortgage approval process.
Valuation Review
APRIL 14, 2021
CoreLogic Valuations Principal George Paquette and Chief Appraiser Shawn Telford sat down with Valuation Review to give a better understanding of appraisal waivers. Is it a case of the lesser the complex assignment, the more one can get a waiver? Read on for the answer to that question, and others from our experts.
Quicken Loans
APRIL 14, 2021
The majority of loans include interest as payment to the lender for their services, and mortgages are no exception. Unless you can pay entirely with cash, mortgage interest is an expense you should expect with homeownership. But how exactly does your lender decide how much you should pay each month in interest? To understand that, you’ll first need to know how compound interest works.
Valuation Review
APRIL 14, 2021
Mortgage Network, Inc. announced that Mark Rowe has joined the company’s Burlington, Mass. branch as a loan officer Read on to learn more.
Berkshire Hathaway
APRIL 14, 2021
With how crazy the housing market is it makes sense that if you were thinking of buying a home you now are considering putting it on the back burner till things calm down, but that may not be the wisest decision. One of the reasons is we do not see this housing market slowing down much in the coming future and two because the sooner you can buy a home the sooner you can build your wealth.
BiggerPockets
APRIL 14, 2021
If you’re listening to the BiggerPockets podcast, you know that the only way to reach financial success is to climb the corporate ladder, right? Nope! Yet, many people still believe […].
Housing Wire
APRIL 14, 2021
Last year, the market’s wish for record-setting volume was granted – but at a cost. The only way to capture that volume was to hire, hire and then hire some more. Outsourcers were at capacity and talent pools quickly drained. Those available were able to command record-setting compensation. Mortgage lenders had no choice but to throw money at this problem, which is neither sustainable nor profitable.
Housing Wire
APRIL 14, 2021
Acquisitions-hungry New Residential Investment Corp. (NewRez) has agreed to acquire multichannel lender Caliber Home Loans in a deal valued at $1.675 billion, the firms announced on Wednesday. The agreement with NewRez, a publicly traded mortgage REIT, comes roughly six months after Lone Star Funds attempted to take Caliber public. Since the independent public offering fell apart, sources have told HousingWire that private equity owner Lone Star has been shopping for a buyer for Caliber.
Housing Wire
APRIL 14, 2021
JPMorgan Chase increased originations by 21% over the fourth quarter of 2020, but compressed margins ate away at the bank’s mortgage profits in the first quarter of 2021. The New York-headquartered bank originated $39.3 billion in home loans during the first quarter, a big jump from the $32.5 billion originated in the prior quarter. Notably, JPMorgan grew mortgage originations in both its retail division – $23 billion in Q1, up 14% from $20.1 billion in Q4 – and its correspondent channel ,
Housing Wire
APRIL 14, 2021
RoundPoint Mortgage has added three new senior executives to its management team, as it prepares to ramp up its retail operations. The mortgage subservicer’s board of directors appointed Patrick McEnerney as chief executive officer. McEnerney was a managing director at Deutsche Bank for 14 years before Freedom Mortgage brought him on in August 2020 as executive vice president.
Housing Wire
APRIL 14, 2021
By the time Homepoint is done, there may not be anyone left in the corner offices at Fannie Mae. The wholesale mortgage originator and servicer announced Wednesday that it had hired yet another longtime mortgage executive at Fannie Mae, its third big poach from the GSE this year. Noelle Lipscomb, who worked at the GSE for nearly two decades, has joined the Ann Arbor-headquartered firm as the company’s chief audit executive, where she will run point on Homepoint’s internal risk-based
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