Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Buyers 383

Buyers Agents Loan Officers Real Estate 383

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

Agents 445

Agents Sellers Buyers Finance 445

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%. For example, Realfinity pays LOs 1.4%

Real Estate Agent 420

Real Estate Agent Loan Officers Real Estate Agents 420

Housing Wire

MAY 26, 2022

In light of this, HW Media CEO Clayton Collins spoke with Steve Reich, COO at Finance of America Mortgage, to learn more about tactics top originators are using to build and retain relationships with borrowers. . Here at Finance of America, we look at technology as an ‘and’ with our loan originators not an ‘or,’” Reich said.

Loan Officers 373

Loan Officers Finance Technology Insurance 373

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.

Loan Officers 384

Loan Officers Real Estate Agent Real Estate Finance 384

Housing Wire

OCTOBER 15, 2020

OJO Labs announced its first foray into fintech on Thursday with its acquisition of Digs, a personal finance platform. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers.

Finance 181

Finance Renovations Loan Officers Agents 181

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown? What are the pros and cons?

Loan Officers 433

Loan Officers Sellers Clients Buyers 433

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 413

Business Mortgage Loan Officers Inventory 413

Housing Wire

APRIL 12, 2023

Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. The majority of the 155 respondents – about 70% of the total – noted temporary rate buydowns funded by the seller, builder or lender are offered as incentives to buyers.

Mortgage 319

Mortgage Marketing Loan Officers Real Estate Agent 319

Housing Wire

APRIL 24, 2024

The partner engagement program at Finance of America Reverse (FAR) aims to bring new people and professional relationships into the orbit of the nation’s top reverse mortgage lender, and it is spearheaded by Ryan Schmidt, FAR’s vice president of partner engagement. “I With the right ambassador, that task is made simpler.

Mortgage 333

Mortgage Loan Officers Training Business 333

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 432

Mortgage Loan Officers Finance Buyers 432

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 310

Real Estate Agent Real Estate Project Management Agents 310

Housing Wire

DECEMBER 29, 2023

HousingWire interviewed a dozen loan officers and mortgage executives about their strategies for 2024, which mortgage products they expect to be in demand, and the magic rate needed to get sellers and buyers back in the market. A successful loan officer in this market needs a very capable qualified assistant.

Mortgage 441

Mortgage Loan Officers Inventory Business 441

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. Go [Mortgage] was on that list,” Reich said.

Mortgage 374

Mortgage Loan Officers Retail Finance 374

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS.

Tenants 337

Tenants Loan Officers Finance Clients 337

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . . “We received about a dozen offers, which is actually a low number by today’s standards.

Marketing 488

Marketing Sellers Finance Loan Officers 488

Housing Wire

FEBRUARY 15, 2024

They’re using a DPA program through the New Jersey Housing and Mortgage Finance Agency (NJHMFA). They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. The DPA share in FHA’s total book of business, including refinances, was 27% as of October 2023.

Mortgage 440

Mortgage Buyers Loan Officers Sellers 440

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024.

Mortgage 477

Mortgage New Listings Loan Officers Inventory 477

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. According to the NAR, there were 1.28

Mortgage 408

Mortgage Loan Officers Buyers Inventory 408

Housing Wire

DECEMBER 27, 2023

nationally, per Inside Mortgage Finance (IMF) estimates. The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Sellers usually have an efficient sales force but can’t afford the back-office operations.

Mortgage 382

Mortgage Retail Lending Sellers 382

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 363

Mortgage Loan Officers Clients Housing Market 363

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. The company is also a direct lender and an approved seller and servicer by Freddie Mac , Fannie Mae , and Ginnie Mae.

Buyers 355

Buyers Retail Loan Officers Insurance 355

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 291

Real Estate Agent Real Estate Agents Loan Officers 291

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 324

Business Loan Officers Real Estate Agent Real Estate 324

Housing Wire

APRIL 25, 2022

Founded in 2003 by mortgage broker Ron Leonhardt, CrossCountry originated $52 billion in mortgages in 2021, up 22% year-over-year, checking in as the 17th biggest lender in the country, according to Inside Mortgage Finance. It has about 350 loan officers and roughly 100 retail branches. . LendUS doesn’t have quite the same heft.

Retail 382

Retail Loan Officers Mortgage Lending 382

Housing Wire

FEBRUARY 10, 2023

Literally, we’re right back to being a seller’s market again.” We’ve been advising them how to use it with the sellers. They would take a line of credit or an equity loan or a personal loan. Kechian : Individual loan officers mostly, [and] no other teams besides mine.

Marketing 360

Marketing Inventory Loan Officers Buyers 360

Housing Wire

DECEMBER 22, 2020

They’ll need a small amount of information about your income and finances, and if all looks good, they’ll give you a preapproval letter stating how much money you can likely borrow. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. You’ll submit this with any offers you put in.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

AUGUST 25, 2022

During the second-quarter earnings season, executives from publicly traded mortgage lenders detailed their forays into jumbo loans, non-qualified mortgages, reverse mortgages, home equity products and even personal loans. Jumbo loan volume increased 3.1% At Finance of America , reverse mortgages have been a ??

Mortgage 390

Mortgage Loan Officers Finance Investors 390

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

Housing Market 532

Housing Market Buyers Marketing Real Estate Agent 532

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). NEXA’s businesses America’s largest mortgage brokerage, NEXA originated $6.29 But that’s not the case for the aviation business.

Brokerage 351

Brokerage Business Loan Officers Legal 351

Housing Wire

MAY 29, 2024

She was fortunate enough to have the ability to repay the loans and meet the requirements to qualify for a mortgage. Meanwhile, BNPL loans are growing rapidly. This type of short-term financing became popular during the COVID-19 pandemic when people — mainly young and underserved consumers — were stuck at home and shopping online.

Mortgage 259

Mortgage Clients Sellers Loan Officers 259

Cornerstone

OCTOBER 26, 2021

Based on CoreLogic data, this graph shows the rate at which appraisal gaps have been increasing: How might this impact you as a buyer or a seller? In our current market, if an appraisal comes back below contract price: It’s common for a seller to request that a buyer pay the price difference. Lean on your loan officer for guidance.

Sellers 57

Sellers Buyers Appraisal Loan Officers 57

Housing Wire

NOVEMBER 8, 2021

“This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Next, he has his buyers write a letter to the seller, a practice that has come under scrutiny lately for creating potential biases.

Clients 386

Clients Agents Buyers Sellers 386

Housing Wire

JANUARY 31, 2023

I can’t tell that seller, ‘I’ll buy your house contingent on me selling mine.’ So that’s a real issue, because as a lender, we offer ways to finance a new home for selling — and it could be a bridge loan, it could be a home equity line of credit. They won’t accept that offer.

Inventory 337

Inventory Marketing Business Buyers 337

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

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. Presented by: FormFree.

Buyers 449

Buyers Mortgage Loan Officers Retail 449

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. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. The closer, the better.

Mortgage 519

Mortgage Marketing Retail Lending 519