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How originators can capitalize on reverse mortgage business in light of the changing housing market

Housing Wire

With a housing market in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. Increasingly, financial professionals are viewing reverse mortgages as strategic tools to be used as part of a comprehensive retirement plan. We have recorded trainings.

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Zillow’s new AI feature can talk to home shoppers like it’s a friend

Housing Wire

It is also training machine learning models to get better at responding to users’ queries in “human-like sentences.” “Beyond easy-to-filter criteria like bedrooms and bathrooms, buyers are considering many other specific features that match their unique lifestyle,” Jenny Arden, Zillow’s chief design officer, said in a statement.

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Opinion: The role of the LO will soon be very different

Housing Wire

Today, the refinance market has long since evaporated, with little likelihood of a return to 2021 levels any time soon. However, opportunity remains in today’s housing market for those willing to find it. To expand market share, the top lenders will recruit and retain the very best producers in a number of ways.

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How lenders can improve property tax estimation processes to bolster borrower satisfaction

Housing Wire

For the past few years, low mortgage rates have fueled a housing market so hot that even a pandemic couldn’t derail purchase originations. The tool offers a comprehensive response to tax amounts for properties within the United States. What we needed was a tool that was going to work,” Plaza EVP of operations Ed VanDuren said.

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4 tips for staying relevant as a real estate professional in 2023

Housing Wire

A friend of mine is a successful real estate professional in a competitive market. We often discuss changing housing market conditions, and the pressure real estate agents are under to stay relevant in the wake of increased competition. He built his business on an existing strong sphere.

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How reverse mortgages could improve financial stability for older homeowners

Housing Wire

HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housing market. CW : At Reverse Mortgage Funding , education has always been a number-one priority.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

The HECM for Purchase is not a refinancing tool; it is not akin to a Home Equity Line of Credit ( HELOC ). In fact, a veritable upheaval is headed for the housing market already. But economic forecasts and housing market predictions suggest that businesses need to be prepared for another shake-up in the near future.

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