Government, Loan Officers, Mortgage and Real Estate Agent

Could the assumable mortgage level the playing field?

Housing Wire

FEBRUARY 7, 2023

California-based Carrington Mortgage Services (CMS) sees a window of opportunity in the mortgage market. The Federal Reserve (Fed) actions that resulted in millions of borrowers receiving mortgage rates below 4% gave way to Fed actions that… triggered mortgage rates to rise above 7% in the fall of 2022.

Mortgage

Mortgage Loan Officers Government Buyers

UWM takes another big step to reduce prices

Housing Wire

JANUARY 11, 2023

Michigan-based United Wholesale Mortgage (UWM) is taking another step to aggressively reduce its prices in order to gain market share in a shrinking mortgage market. . Brokers can use the points for conventional, government and non-agency loans up to $1 million. . for credit reports. .

Loan Officers

Loan Officers Retail Real Estate Agent Government

This growing IMB aims to capture leads through its proprietary tech, not agent referrals

Housing Wire

SEPTEMBER 11, 2023

Cliffco Mortgage Bankers is among the rare independent mortgage banks doing more business than last year. To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners.

Loan Officers

Loan Officers Agents Retail Technology

United Wholesale Mortgage launches platform for brokers

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. decline year-over-year.

Mortgage

Mortgage Real Estate Agent Real Estate Clients

Cost cutting is the top priority for mortgage lenders

Housing Wire

JULY 29, 2022

As mortgage origination volume continues to fall from the heights of the pandemic-spurred boom, many lenders see cost-cutting as their top priority this year. With mortgage origination volume expected to drop by about 40% to $2.4 The importance of consumer-facing tech ranked third, continuing its downward trend after peaking in 2019.

Mortgage

Mortgage Loan Officers Lending Real Estate Agent

How the buyer commission lawsuits could upend the relationship between agents and LOs

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

Buyers Agents Loan Officers Real Estate

How new FCC rules closing the ‘lead gen loophole’ could impact mortgage professionals

Housing Wire

DECEMBER 18, 2023

The Federal Communications Commission (FCC) last week released a new order amending its “express consent” rules for the Telephone Consumer Protection Act (TCPA), which closes the “lead generator loophole” used by mortgage professionals to connect with potential business leads. We now have a time clock of about six months.

Mortgage

Mortgage Business Legal Real Estate

The differences between FHA, VA, and USDA mortgages

Housing Wire

NOVEMBER 16, 2020

When you get a mortgage, there are several options you can choose from, including FHA, VA, USDA, and conventional mortgages. But choosing the right mortgage product can be difficult — especially if you’ve never bought a home before. Are you confused about your mortgage options? Here are your choices: FHA mortgages.

Mortgage

Mortgage Insurance Real Estate Agent Real Estate

UWM rolls out construction-to-permanent loans

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification.

Construction

Construction Real Estate Agent Loan Officers Legal

New American Funding enters the joint ventures space

Housing Wire

APRIL 17, 2023

Multi-channel mortgage lender New American Funding (NAF) is entering the joint ventures arena, offering multiple JV models in a margin-compressed and highly regulated industry. Under the JV model, partners will have access to NAF’s infrastructure and mortgage originating process. The two lenders will each own 50% stake in the JV.

Brokerage

Brokerage Real Estate Agent Business Loan Officers

Some lenders won’t survive the purchase mortgage market of 2022

Housing Wire

APRIL 14, 2022

Consolidation in the mortgage industry is likely in 2022, analysts and lending executives said. Justin Woodward has experienced the best and the worst of the mortgage industry in only 18 months. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

Mortgage

Mortgage Marketing Retail Lending

A look behind this year’s Tech100 winners

Housing Wire

MARCH 1, 2022

In January I received a text message from Dave Savage, CEO of Mortgage Coach. News just broke that private equity investor LLR Partners announced strategic investments in two mortgage technology companies — Mortgage Coach and Sales Boomerang ( click here for article ). Tech100 Mortgage Winners. Hey Clayton …” and a link.

Real Estate

Real Estate Brokerage Real Estate Agent Technology

New American Funding cofounders talk expansion, prospects for 2023

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house.

Retail

Retail Business Agents Loan Officers

UWM gave brokers big discounts to play with. It could be risky

Housing Wire

JANUARY 24, 2023

United Wholesale Mortgage ‘s (UWM) aggressive moves to gain an edge on the competition tend to provoke controversy. “But the rule doesn’t want loan originators, like brokers, to be able to play around on a case-by-case basis with their compensation, even though it could be a great thing for the consumer.”

Lending

Lending Law Legal Training

Non-QM lenders are back. But will brokers pick up the phone?

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. At that point, Dodson was actively working on a jumbo loan for friends of his from church. And whether you do it or someone else does it, that loan is going to get done.” So you stop.”.

Business

Business Mortgage Investors Loan Officers

The USDA Loan Process From Beginning to End—and How Long It Will Take

Realtor

FEBRUARY 13, 2023

Illustration by Realtor.com / Getty Images Getting a mortgage to buy a home is a process, with many hoops and hurdles to jump through and over before reaching the finish line. And this is particularly true for certain specialized loans, like those offered by the United States Department of Agriculture. land are eligible.

Development

Development Loan Officers Appraisal Finance

Some mortgage companies expanding despite challenges

Housing Wire

MAY 31, 2022

Mortgage lenders and real estate investment firms this month entered tight housing markets in the Midwest and the Northwest to better reach prospective homebuyers, despite a challenging mortgage market. The expansion comes amid a surge in mortgage rates and declining loan origination volume.

Mortgage

Mortgage Construction Lending Real Estate

ROV (Reconsideration of Value) Changes – FHA and GSEs

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. Now there is, per the attached PDF HUD/FHA mortgage letter. The mortgage loan officer handling the loan?

Reconsideration of Value

Reconsideration of Value Appraisal Real Estate Insurance

Buying a Second Home – What You Need to Know

PennyMac

JUNE 28, 2022

Financing & Mortgaging. You have a couple of options when it comes to your second mortgage. Certain types of loans are better than others for buying a second home. Jumbo loans are a type of non-conforming loan especially suited for higher-priced homes. You also need to get pre-approved for the mortgage you want.

Tenants

Tenants Landlords Finance Insurance

Do You Need 20% Down To Buy A Home?

PennyMac

SEPTEMBER 9, 2020

Putting down 20% of the total home cost isn’t required to obtain a home loan; most mortgage options have much lower minimum down payment requirements. Let’s take a look at the most common types of loans and programs, and examine each of their specific minimum down payment amounts. Mortgage Type. Mortgage Type.

Insurance

Insurance Buyers Mortgage Human Resources

What’s Included in Closing Costs?

PennyMac

JUNE 28, 2022

Getting a mortgage isn’t free, and closing on a house isn’t free. After all, you’re already paying a down payment, potentially a mortgage payment, and potentially other fees. A real estate purchase includes many players and moving parts to reach the final sale, and each of the players and parts do cost money.

Insurance

Insurance Property Taxes Sellers Inspection

NAR Appraiser Survey July, 2023

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

Appraisal

Appraisal Real Estate Agent Contracts Real Estate

Financial Resources and Information for Veterans Buying a Home

Raleigh Realty

APRIL 24, 2022

During this budgeting period, you should determine: Approximate closing costs; Credit score; Current savings; Estimated mortgage payment; Projected income. Picking the Right Real Estate Team When looking for a support system for buying a home as a veteran, you may look to your friends and family first — along with a real estate agent.

Real Estate Agent

Real Estate Agent Real Estate Insurance Government

How to Get a Mortgage Loan

Assurance Financial

JULY 23, 2021

How to Get a Mortgage Loan. If you’re going to finance your home purchase, one of the first things to do is figure out how to get a mortgage. You might have heard that getting a mortgage is a long and complicated process, with plenty of twists and turns along the way. 10 Steps to Get a Mortgage Loan.

Mortgage

Mortgage Real Estate Agent Government Loan Officers

MBA president sees opportunities for dual licensing in post-settlement landscape

Housing Wire

MARCH 19, 2024

Dual licensing is one of the opportunities being opened to the mortgage industry by the National Association of Realtors ’ (NAR) pending nationwide settlement of commission lawsuits , according to Bob Broeksmit, president and CEO of the Mortgage Bankers Association (MBA). And some of you will say I want nothing to do with that.

Loan Officers

Loan Officers Real Estate Agent Real Estate Agents

ChatGPT for Appraisers

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. August 9, 2023) — Mortgage applications decreased 3.1

Appraisal

Appraisal Contracts Real Estate Agent Mortgage

First Time Homebuyer Loans

PennyMac

NOVEMBER 29, 2022

We’ll walk you through the loan qualification requirements, various first-time homebuyer programs, and loan options available. How Do I Get a First Time Homebuyer Loan? The first step in obtaining a mortgage loan is determining your financial goals and how much home you can afford. Government Loans.

Government

Government Mortgage Finance Design

Appraisal Time Adjustments Underutized

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

Appraisal

Appraisal Contracts Mortgage Marketing

RESPA enforcement is back — are you ready?

Housing Wire

OCTOBER 10, 2023

“I think folks tend to get creative and take a bit more risk than they might be willing to take in a market where rates are lower,” Holly Bunting, a partner at Mayer Brown in the areas of residential mortgage banking and consumer finance, said in an interview. For lenders and brokerages, the risks of LOs or agents overstepping are high.

Real Estate Agent

Real Estate Agent Loan Officers Real Estate Agents

Property Appraisal Zone

Could the assumable mortgage level the playing field?

UWM takes another big step to reduce prices

Trending Sources

This growing IMB aims to capture leads through its proprietary tech, not agent referrals

United Wholesale Mortgage launches platform for brokers

Cost cutting is the top priority for mortgage lenders

How the buyer commission lawsuits could upend the relationship between agents and LOs

How new FCC rules closing the ‘lead gen loophole’ could impact mortgage professionals

The differences between FHA, VA, and USDA mortgages

UWM rolls out construction-to-permanent loans

New American Funding enters the joint ventures space

Some lenders won’t survive the purchase mortgage market of 2022

A look behind this year’s Tech100 winners

New American Funding cofounders talk expansion, prospects for 2023

UWM gave brokers big discounts to play with. It could be risky

Non-QM lenders are back. But will brokers pick up the phone?

The USDA Loan Process From Beginning to End—and How Long It Will Take

Some mortgage companies expanding despite challenges

ROV (Reconsideration of Value) Changes – FHA and GSEs

Buying a Second Home – What You Need to Know

Do You Need 20% Down To Buy A Home?

What’s Included in Closing Costs?

NAR Appraiser Survey July, 2023

Financial Resources and Information for Veterans Buying a Home

How to Get a Mortgage Loan

MBA president sees opportunities for dual licensing in post-settlement landscape

ChatGPT for Appraisers

First Time Homebuyer Loans

Appraisal Time Adjustments Underutized

RESPA enforcement is back — are you ready?

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