Housing Wire

MARCH 4, 2024

When including loans from its Cherry Creek Mortgage acquisition that closed last year , Guild Mortgage posted a gain of 7.2% It’s very interesting how few lenders grew in 2023, which was an impressive feat for the few that accomplished it,” Lunde said. There just isn’t enough volume there to keep going.”

Retail 370

Retail Mortgage Business Marketing 370

Housing Wire

JANUARY 12, 2023

Who knows how high that volume could go, considering tappable equity is at a historic high of $11 trillion and total home equity at a record $27.8 How do you identify the right home equity partner? Are you closing as quickly as you’d like? eClosings — When the COVID-19 pandemic hit, interest in virtual closings soared.

Technology 386

Technology Inspection Valuation Tools 386

Housing Wire

SEPTEMBER 8, 2022

Bank of America recently announced a loan for lower-income households that doesn’t require homebuyers to come up with a downpayment or closing costs, and doesn’t base the loan on a minimum FICO score. Part of our housing dilemma is this: How can you make something affordable when you promote it as someone’s best investment?

Inventory 544

Inventory Law Housing Market Design 544

Housing Wire

SEPTEMBER 2, 2021

Luckily, this provides lenders the privilege of knowing where the mortgage market is heading with enough time to prepare for when it gets there. Additionally, borrowers have stated that the two most appreciated aspects of an online application process were “a simpler application process (55%) and reduced time to close (53%).”

Technology 428

Technology Loan Officers Mortgage Investing 428

Housing Wire

SEPTEMBER 14, 2023

Overall, we expect the Fed will maintain its ‘wait-and-see’ approach in its next FOMC meeting and closely monitor future data,” Xu said. How are mortgage rates affecting the housing market ? 14, up from last week ’s 7.12%. By contrast, the 30-year fixed-rate mortgage was at 6.02% a year ago at this time.

Mortgage 431

Mortgage Inventory Buyers Investors 431

Housing Wire

MARCH 2, 2024

Weekly new listing data for the last week over several previous years: 2024: 52,189 2023: 48,156 2022: 49,019 As we head into the seasonal inventory increase, we will watch how higher rates impact inventory data. Also, if mortgage rates head lower again, then we need to track how this impacts the new listings and inventory as well.

Inventory 534

Inventory Mortgage New Listings Housing Market 534

Housing Wire

AUGUST 16, 2023

HousingWire recently spoke with Mike Darne, vice president of marketing at CreditXpert , about industry performance in the first half of 2023 and how lenders can work with borrowers to improve their credit. As reported in our most recent Mortgage Credit Potential Index (MCPI), YoY we are seeing a 27% drop in inquiries overall.

Inventory 350

Inventory Lending Mortgage Insurance 350

Housing Wire

DECEMBER 29, 2023

If so (and even if you haven’t been doing this long enough to feel a market shift coming long before it does) I’d encourage you to do a few things now to prepare for what will likely be a hectic and fast-moving Q1. Declare email amnesty. Yes, you heard that right. Twixmas is your time. Select all and delete. Happy New Year!

Brokerage 386

Brokerage Real Estate Contracts Business 386

Housing Wire

MARCH 11, 2024

The new paradigm brings into question many closely held assertions about who we serve, the type of homes we should be building, and the best way to pay for a home in retirement. The exciting advances in regenerative health sciences promise to close today’s gap between our health span and our life span. Nothing is as it was.

Real Estate 402

Real Estate Real Estate Agent Inventory Housing Market 402

Housing Wire

JANUARY 29, 2024

But you also project that the decline in rates won’t be enough to incentivize existing homeowners to move. How much will the inventory shortage contribute to the rise in home prices this year? At this point, how high is the risk for a recession? But it depends on what happens with income.

Housing Market 458

Housing Market Marketing Mortgage Investors 458

Housing Wire

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Real Estate 357

Real Estate Realtors Agents Buyers 357

Housing Wire

MAY 8, 2023

These workflows help title and settlement companies track how data and decisions flow from initiation to outcome. When investing in a technology that someone else designed to automate workflows, it’s important to ask — how do I make this workflow work for me? This is where “workflows” come into play in a meaningful way.

Technology 360

Technology Design Lending Business 360

Housing Wire

MAY 10, 2022

A few financial-related KPIs to consider include: KPI – Realized revenue vs. cash realized revenue: It’s critical to understand how much revenue your company is generating, as well as the ratio of cash to non-cash. For example, consider a comparison of labor costs per loan vs. closed loans per full-time equivalent.

Mortgage 389

Mortgage Business Contracts Lending 389

Housing Wire

FEBRUARY 9, 2021

Smart, ambitious, well-meaning entrepreneurs have prototyped ways to make buying homes easier and faster; to get rid of unnecessary fees; to dispel the uncertainty around closing; to give industry professionals better tools and services; and to generally eliminate any other “sticky spots” in the transaction. So where are the results?

Real Estate 473

Real Estate Agents Technology Sellers 473

Housing Wire

SEPTEMBER 16, 2022

HW Media : What are 2-3 trends that you’re closely following? Rodney Moss: I’m closely following the Mortgage Servicing Rights (MSR) market and how it is functioning right now both in terms of current price levels and active participants. But if you cannot access that first home, how is that wealth going to be developed?

Business 376

Business Development Training Investors 376

Housing Wire

DECEMBER 13, 2022

from the same period last year, central bankers don’t typically watch those numbers closely as they are volatile and don’t reflect the underlying strength of the economy. So, if now is the time to prepare for the industry’s future, the real question becomes: “How?”. Housing market observers are watching closely.

Housing Market 397

Housing Market Marketing Supply Chain Inventory 397

Housing Wire

NOVEMBER 13, 2023

It’s the backbone of the lending process , responsible for handling complex calculations, managing compliance and orchestrating a multitude of moving parts to transform an application into a closed loan. In reality, the LOS is not the problem; the technology is doing exactly what it was designed to do.

Technology 397

Technology Design Lending Real Estate Agent 397

Housing Wire

APRIL 1, 2024

To mark the anniversary of the launch and the posture of the wider industry that has evolved during that time, RMD sat down with Parks to discuss how the business has progressed and what it’s looking to accomplish in the future. It’s probably close to a third of what it was anticipated to be.”

Loan Officers 375

Loan Officers Training Business Retail 375

Housing Wire

MARCH 30, 2021

Last year, the industry relied on data more than ever before, and learned a lot about how data and analytics can quickly, safely and securely ensure consistency in markets. Practitioners need feedback in real time, or as close to it as possible. The Radian HPI is a comprehensive and timely measure of U.S.

Tools 427

Tools Modernization Housing Market Real Estate 427

Housing Wire

AUGUST 6, 2020

We sat down with Nancy Alley, vice president of strategic planning at Simplifile and one of HousingWire’s 2020 Women of Influence, to talk about the rapid changes in the closing process as a result of the pandemic. Yet, adoption by closing and post-closing operations lagged considerably.

Mortgage 432

Mortgage Agents Investing Training 432

Housing Wire

DECEMBER 7, 2023

So, fraudsters are still focusing on buyer cash-to-close payments. SW: How are they using generative AI? I know I said I was going to be able to attend the closing and pick up a cashier’s check. And it goes all the way through closing. SW: How widespread is this? Sarah Wheeler: What else are you seeing?

Real Estate 445

Real Estate Sellers Technology Real Estate Agent 445

Housing Wire

APRIL 28, 2022

Realized revenue vs. cash realized revenue: It’s critical to understand how much revenue your company is generating, as well as the ratio of cash to non-cash. Startups sometimes refer to “cash burn” when conveying how cash is used, and it’s important for mortgage companies to understand cash usage as well.

Mortgage 357

Mortgage Business Contracts Lending 357

Housing Wire

APRIL 9, 2024

While most people are focused on how the proposed NAR commission settlement might change the realty industry, not enough focus is on first-time homebuyers, who might have to come up with significantly higher down payments, which in turn could exacerbate biases against homebuyers using FHA loans. The American homebuyer needs help.

Sellers 449

Sellers Realty Insurance Realtors 449

Housing Wire

DECEMBER 13, 2021

When you are able to add the number of closings we do to our agents’ book of business, they understand the importance of delivering the results we require.”. From the minute we receive a referral until closing, our client experience and the journeys implemented with technology and personal communications are second to none.”.

Real Estate 421

Real Estate Real Estate Agent Agents Clients 421

Housing Wire

MARCH 30, 2021

Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. During a typical pre-qualification at a bank, I saw customers come in and if their credit wasn’t good enough, they simply got a denial letter with a 1-800 number on the bottom with a bad credit counselor.

Loan Officers 441

Loan Officers Clients Tools Technology 441

Housing Wire

MAY 26, 2023

Because the title and settlement services business is closely regulated at the local level, a title firm needs to have some kind of presence or capability within the geographic footprint it serves. Again, just hanging out a shingle — especially for commercial closings — won’t get it done. This can be a profitable strategy.

Business 331

Business Marketing Law Technology 331

Housing Wire

FEBRUARY 29, 2024

Storytelling is key to the company’s success and Stewart’s own story explains how he stays cool in any market cycle. SW: How do you know what the “right” content is? Turns out being stranded at sea in shark-infested waters puts everything else in perspective. Sarah Wheeler: What differentiates your technology?

Real Estate 406

Real Estate Agents Technology Business 406

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. in the second year. in the second year. Not a one-size fits all scenario.

Buyers 473

Buyers Marketing Sellers Loan Officers 473

Housing Wire

NOVEMBER 16, 2023

I hate to say it, but they can be kind of mercenary in how they go about things, and they look for the best percentages they can.” However, if the issues raised, plaintiffs or defendants differ enough in these later lawsuits, they have a higher chance of survival. Whenever you see personal injury lawyers coming, it’s not a good sign.

Law 434

Law Brokerage Advertising Real Estate 434

Housing Wire

APRIL 2, 2024

Sales managers often struggle to source enough quality agents to feed the top of their funnel. While real estate brokerages have no control over interest rates, transaction levels or home sales prices, they realize that proactive recruiting of agents is a key to success in a slow market. When labeled training data is not available (i.e.,

Agents 336

Agents Brokerage Real Estate Tools 336

Housing Wire

MARCH 20, 2024

If I was a Realtor member who only does a transaction or two a year, I wouldn’t want to pay membership dues or brokerage fees and risk losing that money because I didn’t manage to close a transaction,” said Bennie Waller, a Realtor and a professor of economics, finance and legal studies at the University of Alabama. Fewer agents?

Brokerage 446

Brokerage Agents Realtors Real Estate 446

Housing Wire

SEPTEMBER 16, 2020

But that’s not good enough for United Wholesale Mortgage CEO Mat Ishbia. as a $400,000 loan including cash out, they get a… quarter of a point, or $1000 credit toward their closing costs. And how many of the borrowers will get the 2.5% We’re closing loans in 15, 16, 14, 13 days. only pays 1.5

Mortgage 466

Mortgage Marketing Technology Loan Officers 466

Housing Wire

JULY 20, 2023

How does someone list and buy at the same time successfully in a market like this? Builders are closing loans in the 4.5 Buy first, close and then list the previous home Don’t assume your clients won’t or can’t utilize this option. Make sure you know lenders who offer bridge loans and understand how to explain this option.

Sellers 284

Sellers Clients Inventory Agents 284

Housing Wire

NOVEMBER 9, 2020

One area in the mortgage and real estate industry that has been evolving for nearly two decades is digital closings. Much like efforts to achieve full self-driving vehicles, the road to achieve full digital closings has been bumpy. How a pragmatic approach to eClosings helps lenders succeed during COVID-19 and beyond.

Law 441

Law Legal Technology Real Estate 441

Housing Wire

APRIL 27, 2021

We can close loans today, if we choose to, faster than ever before. Some even now are closing purchase money loans in as few as 10 days. It wasn’t until weeks later that the National Notary Association began asking how its members would actually identify signers for remote online notarizations. Tripping over our own technology.

Mortgage 407

Mortgage Technology Tools Modernization 407

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. But are all lenders equipped to make that transition? Peering into the future of lending.

Lending 464

Lending Mortgage Technology Business 464

Housing Wire

DECEMBER 20, 2022

For owners and leaders, there seemed to be no time to be businesspeople during the pandemic as everyone was forced into working “in” the business simply to keep the deals closing on time and not blowing up and getting delayed. Then it happened. In 2020 and 2021 an adjustment up in staffing was made. It is simply a fact of business.

Training 383

Training Business Marketing Investing 383