Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Buyers 504

Buyers Agents Mortgage Real Estate Agent 504

Housing Wire

MAY 25, 2023

Longbridge Financial, LLC, (NMLS #957935) believes that the answer to this dilemma is the HECM/Reverse for Purchase financing option. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. Why is this market underserved?

Loan Officers 389

Loan Officers Real Estate Agent Real Estate Finance 389

Housing Wire

AUGUST 14, 2023

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian’s comments offer insight into the scope of Rocket’s remote local loan officer program. The Detroit-based lender generated $22.3

Loan Officers 352

Loan Officers Mortgage Real Estate Agent Real Estate 352

Housing Wire

OCTOBER 5, 2023

Shirley Gary of Ansley Christie’s Real Estate ranked first in the “Individual Real Estate Agents Sides” list. Meanwhile, Tracy Allen of Coldwell Banker Realty in Honolulu, ranked first in the “Individual Real Estate Agents Volume” list. She generated $200.92

Real Estate 351

Real Estate Real Estate Agent Loan Officers Realty 351

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. The mortgage process involves many moving pieces and relationships with a variety of stakeholders.

Real Estate 372

Real Estate Real Estate Agent Loan Officers Agents 372

Housing Wire

AUGUST 1, 2023

But more than 80% of Rocket’s volume during those years came from refinancings, data from Inside Mortgage Finance (IMF) showed. The lender made focused efforts to target the purchase market in 2021 and set up dedicated teams to cultivate relationships with real estate agents. And Rocket is well aware.

Loan Officers 359

Loan Officers Retail Real Estate Agent Real Estate 359

Housing Wire

OCTOBER 3, 2023

GLG is a Keller Williams Realty franchise group of residential real estate brokerages located in Georgia, servicing Alpharetta as Keller Williams Realty North Atlanta , Roswell as Keller Williams Realty Consultants , Peachtree Corners as Keller Williams Realty Chattahoochee North and surrounding metropolitan Atlanta areas.

Real Estate Agent 396

Real Estate Agent Mortgage Realty Loan Officers 396

Housing Wire

OCTOBER 6, 2023

Then, we have all the traditional financing options, including jumbo.” ” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. ” Amid the challenging landscape, Guerin, from New Jersey-based AFR, said the company doubled its efforts to do more renovation loans.

Mortgage 473

Mortgage Real Estate Agent Renovations Finance 473

Housing Wire

AUGUST 25, 2022

With the deal, Movement adds the brokerage’s more than $400 million in annual sales volume and 48 employees, including loans officers, support staff and executive members, to serve homebuyers and real estate agents in the Greater Boston Area. . billion in the area, the company said. . Movement originated $13.7

Brokerage 479

Brokerage Mortgage Loan Officers Real Estate Agent 479

Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property. The original home is usually purchased at a discount.

Buyers 380

Buyers Loan Officers Real Estate Agent Agents 380

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

Buyers 388

Buyers Agents Loan Officers Real Estate 388

Housing Wire

JUNE 22, 2023

The lender maintained their servicing portfolio, servicing about $1 billion of Fannie Mae , Freddie Mac and Ginne Mae loans. AmeriFirst will keep physical branches in 20 states, but under a new corporate model, no branch managers will make an override on the production of the loan officers they manage.

Loan Officers 339

Loan Officers Mortgage Real Estate Agent Business 339

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. The purchase price “represents a $72.5 Presented by: 1000watt.

Mortgage 368

Mortgage Real Estate Agent Loan Officers Agents 368

Housing Wire

AUGUST 17, 2023

The Consumer Finance Protection Bureau (CFPB) issued orders against Freedom Mortgage Corporation and Realty Connect USA Long Island for illegal kickbacks on Thursday, the first enforcement action associated with the 1974 Real Estate Settlement Procedures Act in six years.

Realty 370

Realty Mortgage Brokerage Real Estate 370

Housing Wire

APRIL 23, 2024

“However, we are going to position ourselves to be competitive and be able to offer whatever proprietary products are out there that our competitors are using as well, to allow financing for people aged 55 and older. “I’m Too often, forward loan officers are just focused on their real estate agent partners.

Mortgage 323

Mortgage Loan Officers Investors Business 323

Housing Wire

MARCH 1, 2023

“Having the most up-to-date market information at your fingertips is crucial for lenders to effectively communicate and engage with consumers to help educate them on financing options available when purchasing a home,” said Josh Lehr , senior director of partnerships and industry technology at Total Expert.

Real Estate Agent 312

Real Estate Agent Technology Open Houses Loan Officers 312

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. a loan officer in Washington noted.

Mortgage 325

Mortgage Marketing Loan Officers Real Estate Agent 325

McKissock

APRIL 20, 2021

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Join a real estate team that can handle administrative work.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G. HousingWire: Why should referrals be a key part of originators’ strategies?

Business 333

Business Loan Officers Real Estate Agent Real Estate 333

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market.

Mortgage 320

Mortgage Real Estate Agent Real Estate Clients 320

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. However, Davis’ relationship with the agent turned sour and she has not yet been able to develop relationships with other agents.

Marketing 393

Marketing Real Estate Agent Loan Officers Advertising 393

Housing Wire

JUNE 10, 2022

Real estate firm RE/MAX acquired Motto Mortgage in 2016 to create a “one-stop-shop” in which homebuyers can work with both a real estate agent to find a home and a Motto Mortgage loan originator to secure financing, according to RE/MAX.

Marketing 383

Marketing Real Estate Agent Lending Real Estate 383

Housing Wire

JUNE 1, 2023

The Federal Housing Finance Agency (FHFA) officially implemented an updated pricing framework for Loan-Level Price Adjustments (LLPAs) in May to improve homeownership prospects for first-time homebuyers with lower income and weaker credit scores. We spoke to multiple loan officers and Washington, D.C.-based

Loan Officers 347

Loan Officers Insurance Mortgage Real Estate Agent 347

Housing Wire

DECEMBER 27, 2022

“With the economics of cash-out refinance worsening amidst higher rates , homeowners are showing increased willingness to use home equity lines of credit (HELOC) and home equity loans to tap equity,” a Housing Finance Policy Center report states. Layoffs, LOs leaving the industry for good. Or will soon.

Housing Market 509

Housing Market Marketing Real Estate Agent Real Estate 509

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 426

Real Estate Agent Loan Officers Real Estate Agents 426

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. This means LOs need to find ways to ease the financing pain for borrowers on a case-by-case basis. For the week ending Feb.

Loan Officers 377

Loan Officers Inventory Real Estate Agent Buyers 377

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Appraisal 420

Appraisal Technology Modernization Real Estate Agent 420

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. Real estate agents and lenders are working together to try to get buyers into houses. In fact, Austin has just about 1.2

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

OCTOBER 14, 2020

This means a completely updated, white-labeled and broker-branded origination hub that is not only beneficial for loan officers, but also their clients who will experience a more streamlined process with heightened transparency. HW: How does aligning with the Rocket brand create more synergy in your marketing campaigns?

Loan Officers 303

Loan Officers Real Estate Agent Technology Clients 303

Housing Wire

NOVEMBER 22, 2022

“Over the years, we’ve been more focused on organic growth, one loan officer at a time,” said Mike Brennan, who became Movement’s president in January 2021. Brennan said purchase loans declined from 90% of the mix prior to the pandemic, to 67% during the pandemic. ” . A top-25 U.S.

Loan Officers 384

Loan Officers Retail Business Mortgage 384

Housing Wire

JANUARY 9, 2024

households that provides visibility into everything that went into a transaction — real estate agents, loan officers, lenders, title agencies and borrower details, according to MMI’s website. “If MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

Loan Officers 261

Loan Officers Real Estate Agent Tools Business 261

Housing Wire

APRIL 17, 2023

At a mortgage brokerage joint venture, loan officers generally get paid a lower base salary than counterparts at traditional lenders and may get a smaller commission because the LO is doing less work finding customers since there are greater real estate agent referrals.

Brokerage 324

Brokerage Real Estate Agent Business Loan Officers 324

Kairos Appraisal Services

JANUARY 9, 2023

Whether you are a seller, a buyer, a real estate agent, or a loan officer, using accurate property comps is essential for determining a listing price, financing for a mortgage loan, and assessing how much equity is in the… The post How to Get Accurate Property Comps appeared first on Kairos.

Real Estate Agent 52

Real Estate Agent Appraisal Process Loan Officers Real Estate 52

Housing Wire

NOVEMBER 1, 2021

That means you’ve been thinking about real estate agents…a lot. The purchase money mortgage transaction begins with the real estate sales contract and that’s not something our industry controls. It’s the real estate agent who has the consumer’s trust at this point. You can be part of it.

Real Estate Agent 396

Real Estate Agent Real Estate Agents Lending 396

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage 522

Mortgage Marketing Retail Lending 522

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. Thinking pre-qualification means you’re approved for the loan While getting pre-qualified for a loan is a good first step, it does not mean you’re guaranteed the money.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

MAY 23, 2023

The lack of housing inventory – a major pain point for real estate agents and loan officers – is an issue that Mark Cohen, principal owner of Cohen Financial Group , also sees in the upper end of the Southern California market.

Marketing 334

Marketing Mortgage Inventory Loan Officers 334