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Lenders: Looking to simplify closings? Work with an insurance agency

Housing Wire

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. Take insurance, for example.

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How to gain a competitive edge through in-house servicing

Housing Wire

Late fees and commissions on optional insurance can also increase revenue. This relationship can then be leveraged to offer the borrower additional services like asset protection, insurance products, home improvement loans and maintenance options, thereby increasing revenue and ensuring a positive customer experience.

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Introducing the Rising Stars Class of 2022

Housing Wire

Mortgage Insurers. Enact Mortgage Insurance. SVP, Business Technology. Finance of America Home Improvement. ICE Mortgage Technology. Senior Director, Mortgage Servicing Policy. Freddie Mac. Brad Jones. Chief Marketing Officer. Brendan Kihn. Senior Director of Government and Industry Relations. Regional VP.

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How retaining servicing provides a competitive advantage

Housing Wire

Originators are using them to help lower-income borrowers get into homes. There is still evidence that higher LTV loans with Private Mortgage Insurance are attractive to buyers who don’t have much money saved up for a down payment. Ancillary income, such as late fees and commissions on optional insurance, further increases the profits.

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Preparing a Home to Safely Age in Place

Will Springer Realtor

Inspectors work for the homeowner and will be a partner on how to improve the safety in and around your property. It may also recommend the addition of smart-home technology , such as smoke/carbon monoxide detectors, wireless doorbell cameras, keyless entry or automatic lighting. Everything, of course, comes with a cost.

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Roofing Inspection Checklist to Get Ahead of Problems

Will Springer Realtor

You can use a handyperson for minor fixes and possibly shave costs, but they should be bonded, have proof of liability and have workers’ compensation insurance. Hiring a specialized roof inspector who uses drone or infrared technology could cost as much as $600. section of roofing): asphalt, $350 to $1,000; wood, $500 to $1,500.

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How to Build Equity in Your Home

Assurance Financial

If your equity is $50,000, your home equity loan can be up to $42,500. Some people use the loan to cover the cost of a home improvement project, while others use the loan to help pay for their children’s college education. If you can afford a 20% down payment, your equity in the home would be $50,000 from the beginning.