Cleveland Appraisal Blog

MARCH 30, 2021

This fish phenomenon reminds me of the housing market today. As soon as homes hit the market, they often sell in days, with numerous offers that usually bid the list price up. I’m grateful that nearly half of my work these days is not for lending purposes. That is a lot of bread! Have a great weekend everyone!

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Housing Market Marketing Reconsideration of Value Contracts 367

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. Chicago’s housing market started out hot in 2022. Department of Agriculture (USDA).

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Mortgage Construction Lending Real Estate 382

Housing Wire

FEBRUARY 16, 2024

They are a great company with an awesome culture in markets we just don’t have much of a presence in, so it made sense. We recognize that loan officers have a choice, and when they choose to join a company on their own, it just seems to work better. RA: We have always done really well growing organically.

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Loan Officers Retail Clients Real Estate Agent 364

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans.

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Technology Design Lending Real Estate Agent 353

Housing Wire

JANUARY 5, 2021

The Utah-based software developer offers a private-label digital mortgage platform and mobile app designed to connect lenders with borrowers and real estate agents. The fund raise comes as the company attempts to increase its marketshare within the eClosing and mobile mortgage segments. billion.

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Architecture Real Estate Agent Loan Officers Real Estate 384

Housing Wire

MAY 18, 2021

While home-buying has been historically seen as difficult, the process is getting a rebrand as loan officers, real estate agents and industry experts answer the questions that Gen Z (and any generation that won’t willingly admit to using the app) have on TikTok’s platform.

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Loan Officers Real Estate Agent Real Estate Design 335

Housing Wire

FEBRUARY 7, 2023

of the balance of a loan being assumed would be fair to both the borrower and the servicer.” ” Other stakeholders want even higher fees so they can compensate loan officers. While the real estate agent gets a commission, whether an LO gets paid from an assumable mortgage depends on their individual lender’s setup.

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Mortgage Loan Officers Government Buyers 358

Housing Wire

JUNE 28, 2023

Borrowers also have to provide a minimum of 12 months of consecutive bank statements, and the loans don’t permit temporary rate buydowns, according to UWM. The expanded bank statement loan options will give mortgage brokers “another competitive edge with real estate agents and non-W2 borrowers,” the company said in a statement.

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Real Estate Agent Insurance Lending Real Estate 335

Housing Wire

DECEMBER 6, 2022

The builder’s real estate agent swapped in the middle of the transaction, so things got a bit mixed up and no one updated the clients’ files to reflect the change in lender,” Summers explained. “So, In turn, real estate agents are doing everything they can to ensure they get their clients into their home of choice.

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Real Estate Real Estate Agent Clients Agents 348

Housing Wire

NOVEMBER 17, 2022

Between the shift towards self-employment and the number of Millennials entering the housing market, the market for non-QM is poised for substantial growth in the year to come. All of which means there will be a sustained demand for non-QM loans for many years to come. HW: Non-QM loans are surrounded by misconceptions.

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Lending Investors Real Estate Agent Loan Officers 294

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes.

Loan Officers 325

Loan Officers Insurance Mortgage Real Estate Agent 325

Housing Wire

MARCH 1, 2022

million investment in eOriginal, a multi-year Tech100 winner that developed a ‘simple closing experience for lenders, borrowers and settlement agents.’ This isn’t a new story in mortgage lending or real estate brokerage. Clearly, we love that the housing market supports so many professionals and households.

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Real Estate Brokerage Real Estate Agent Technology 311

Appraisal Buzz

OCTOBER 3, 2022

I can see why loan officers, real estate agents, or buyers might push back on appraisers’ conclusions. There is a reason lenders do not lend money based on analysis prepared by persons who have an interest in the property or the transaction.

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Appraisal Marketing Real Estate Inventory 370

Appraisal Buzz

MAY 17, 2021

As appraisers, we faced tremendous pressure from buyers, sellers, real estate agents, and loan officers during the previous run-up. Almost daily, there is some story on social media about being “turned in” to the state by a disgruntled agent, buyer, or seller for appraising a property below the contract price.

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Appraisal Clients Real Estate Sellers 418

Housing Wire

JULY 18, 2022

Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. “Interest rates have knocked out homebuyers but we still have more qualified buyers who saved up a lot of money and have been trying to get into the market,” Buege said. “As

Mortgage 440

Mortgage Brokerage Retail Business 440

Housing Wire

NOVEMBER 8, 2021

But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

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Clients Agents Buyers Sellers 374

Housing Wire

NOVEMBER 10, 2020

But when the credit markets seize up and liquidity stops, all of the sudden we went to maybe a low of 85 or 88 cents on the dollar. So when that happens, you don’t originate, you don’t lend at par for something at 88. And non-QM loans in my experience are harder.”. So you stop.”. Everyone bowed out. And it doesn’t.

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Business Mortgage Investors Loan Officers 423

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. At least not in the foreseeable future, unless another pandemic would create favorable conditions for the housing market.

Renovations 372

Renovations Realtors Construction Mortgage 372

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? To read more, Click Here To read the listing with a virtual tour and 111 photos, Click Here == Some red flags for the housing market By Ryan Lundquist, May 2, 2024 Excerpts: Consumers are feeling economic pain, and we need to talk about some of the things that are brewing.

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Reconsideration of Value Appraisal Real Estate Insurance 73

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.

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Appraisal Contracts Mortgage Marketing 67

Appraisal Today

OCTOBER 14, 2022

While that number may seem high to some, in the context of lending and property complexities, that is a 54% improvement in performance cited earlier in this article (from 35% 10 years ago). Advice topics include: Familiarize yourself with the luxury home market. Get started as a luxury real estate appraiser.

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Appraisal Insurance Real Estate Business 52