Fri.Mar 05, 2021

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Rocket Mortgage: UWM is trying to “manipulate” market

Housing Wire

Tension between long-time rivals United Wholesale Mortgage and Rocket Pro TPO , formerly Quicken Loans Mortgage Services , reached a new boiling point after the top wholesale lender in the nation announced it will no longer work with brokers who also work with Rocket Mortgage. Mat Ishbia, president and CEO of UWM, gave brokers and owners just over a week to sign an addendum saying they are not working with Rocket Pro TPO.

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The Impending Doom of the Appraisal Industry

DataMaster

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

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What to do about the appraiser shortage

Housing Wire

What a two-year stretch it has been for appraisers. The appraisal workforce was already in decline in 2019. When the COVID-19 pandemic hit in 2020, the industry’s workforce shrank even further. To compound matters, homebuyer demand skyrocketed thanks to historically-low mortgage rates and societal changes. These factors combined to throw the appraisal industry in flux.

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The Impending Doom of the Appraisal Industry

DataMaster

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

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Mike Cagney eyes Walmart’s potential move into mortgage

Housing Wire

Figure Technologies CEO and co-founder Mike Cagney said that when it comes to watching out for non-endemic players impacting the real estate market, he has his eye on Walmart. “Everyone should be taking notice of the moves that Walmart’s making, because they’re absolutely going to come into the mortgage space,” Cagney said at HousingWire ’s 2021 Spring Summit event on Thursday.

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The Impending Doom of the Appraisal Industry

DataMaster

Is the appraisal industry doomed? For years we’ve been told “The end is near” for the appraisal industry. We know this isn’t true! We can’t help but wonder why naysayers continue to shout this headline! Appraisal Buzz hosted DataMaster appraisers Jared Preisler, SRA, and Keven Ewell recently to address this threatened “impending doom.” Join Jared and Keven and hear their thoughts and experiences with the appraisal industry.

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How to Speed Up the Commercial Real Estate Appraisal Process

Appraisal Hub

If speed is an important factor for your next commercial property transaction, then you need a property appraiser that works fast. But even the most efficient appraisal firms can’t do their jobs if clients don’t provide the information they need. Lack of communication can significantly slow down the commercial real estate appraisal process. You as the investor or borrower need to do your part to speed things up.

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CoStar drops bid for CoreLogic citing market volatility

Housing Wire

CoStar Group announced that is bowing out of the multi-billion dollar takeover bid for CoreLogic after the firm’s board rejected CoStar’s latest offer, valued at over $7 billion. In February, CoStar made an offer to acquire CoreLogic for close to $97 a share, roughly 20% higher than the accepted offer Stone Point Capital and Insight Partners made earlier that month, which was about $80 a share, all in cash.

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Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser

Riverfront Appraisals

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the Final Inspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […]. The post Loan Officer’s Guide to Appraisals Part 3: Communication With The Appraiser appeared first on Riverfront Appraisals.

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A deep dive on loanDepot’s latest earnings

Housing Wire

In this HousingWire Daily episode transcript, HousingWire Digital Media Manager Alcynna Lloyd joins HousingWire Managing Editor James Kleimann to discuss the hottest topics coming across HousingWire’s news desk. In this episode, the pair review loanDepot ’s latest earnings report following the lender’s recent IPO and examine what the rise of Compass could mean for the real estate market going forward.

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What’s the Average Real Estate Appraiser Salary?

McKissock

If you’re considering a career in appraisal, you probably want to know: What’s the average real estate appraiser salary? Survey data from the 2020-2021 Appraisal Income Guide shows that an appraiser’s annual income varies according to factors such as license level, years of experience, and more. Here’s a look at the average real estate appraiser salary, plus tips on how you can maximize your income as an appraiser.

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What’s Better for Investors—a 15-Year or 30-Year Mortgage?

BiggerPockets

What's more conducive to building wealth for investors? Different financial experts will advocate for different loan terms—and they'll be right for different reasons. What’s the difference between these popular loan types, beyond the fact that one lasts for 15 years and the other for 30?

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How To Sell Your Heights Home Fast For The Most Money

Houston Properties

How To Sell Your Heights Home Fast For The Most Money. Expert home seller guide from the number one Realtor in Houston Heights. Summary. Houston Properties Team listings sell for 7.2% more and for 43.7% faster than average. We achieve these numbers because we know what it takes to sell your Houston Heights home fast and for more money. We’ve gained experience as the #1 boutique real estate team and have gathered data from our database of 30,000 buyers.

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Rookie Podcast 58: Rookie Reply: Doing The Work Yourself vs. Hiring Out

BiggerPockets

This week’s question is a very common one that has frequently come from novice and experienced real estate investors alike. If you own rentals, you may be thinking about this […].

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Employment gains small but mighty in February

Housing Wire

For the fourth month in a row, the U.S. unemployment situation was left virtually unchanged , dropping just.1% to 6.2% in February, according to the U.S. Labor Department. However, due to a greater number of job gains versus losses in the second month of the year, economists responded positively despite an estimated 10 million people still reported as unemployed. “Non-farm payrolls beat expectations, rising by 379,000 in February.

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How to Choose the Right Remote Real Estate Market for You

BiggerPockets

As out-of-state investing grows increasingly popular, make sure you know what to look for in a remote market before you dive in.