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HUD awards more than $40M in housing counseling grants

Housing Wire

That round of funding included a specific provision to use a portion of the funds to train new HECM counselors. The vast majority of seniors indicate they want to utilize a reverse mortgage loan to cover the costs of aging in place—which might mean supporting their monthly income or funding home improvements and repairs.

Design 418
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How to gain a competitive edge through in-house servicing

Housing Wire

Well-trained staff using the right mortgage servicing software can service 700 or more loans per employee. When servicing is outsourced, lenders have no control over the quality of the communication and overall customer service delivered by the third-party provider.

Investors 379
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With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.

Mortgage 382
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How retaining servicing provides a competitive advantage

Housing Wire

A well-trained servicing staff, equipped with the right software, can service 700 or more loans per employee. The servicer is then in a position to offer the borrower asset protection and other insurance products, home improvement loans and options for home maintenance to generate additional revenue and provide a positive customer experience.

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Will new products stop the bleeding for mortgage lenders? 

Housing Wire

The company’s executives in August said they expect that the home improvement product, launched in May 2021 , will break even financially later this summer, becoming a “very effective customer acquisition channel at essentially zero cost,” according to Graham Fleming, president and interim CEO. “We Time and training.

Mortgage 395
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What to Know About Home Renovations in 2023

Lamacchia Realty

According to the Home Builders Institute, an estimated 2.2 million construction workers will need to be hired and fully trained within the next 3 years to meet the projected home renovation demand. Additional Resources Making Home Improvements?

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Home Appraisals – What Do They Look For?

D Fritz Appraisals

How Home Appraisers Decide on the Value of Your Property. There are many reasons you may need to know the value of your property and for this, you need a home appraisal. Home appraisers are trained to inspect and measure your property and perform comparisons that result in an accurate valuation for the current housing market.

Appraisal 105