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

Housing Wire

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. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

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How LOs, mortgage execs are preparing for 2024

Housing Wire

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. AI can understand the loan status, a loan profile and AI can respond to the consumer.

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Understand home equity lending and how lenders can acquire home equity customers

Clear Capital

Borrowers may use this option to upgrade their home, perform repairs, or pay sudden expenses like medical bills. HELOCs are great for borrowers who want cash over longer periods of time, such as for large-scaled home improvement projects. Determine tappable home equity for your existing customers.

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Expert Home Security Tips and Tricks

PennyMac

Rob Caiello, Vice President of Marketing at Allconnect , helps movers with the purchase and setup of home utilities and services, including finding the right home security system and service. As a security system expert, he encourages all homeowners to take a look at the new technologies available.

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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. You can use the funds from the loan for pretty much any purpose. 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.