Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri. One kid will give $4 instead of $1.

Housing Market 359

Housing Market Marketing Real Estate Agent Loan Officers 359

Appraiserblogs

JUNE 27, 2023

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is supposed to prioritize the interests of the borrower above all else. After all, who doesn’t want to close more deals in less time?

Inspection 110

Inspection Loan Officers Appraisal Investing 110

Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. .

Tools 356

Tools Property Taxes Loan Officers Inspection 356

Housing Wire

FEBRUARY 1, 2023

Once the loan is closed, UWM claims it will handle the rest of the process by staying in direct communication with the builder on subsequent draws, as well as subsequent inspections, to confirm the project is on pace.

Construction 397

Construction Real Estate Agent Loan Officers Legal 397

Appraiserblogs

JANUARY 17, 2024

By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is… The post HUD’s Use of Convicted Felons to Ramp Up ‘Discrimination Testing’ appeared on Appraisers Blogs. But What About Fiduciary Duty?

Loan Officers 125

Loan Officers Property Management Inspection Law 125

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

NOVEMBER 7, 2023

Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. Manage the inspection process so they don’t freak out over small items. Be a matchmaker. You must be more proactive than your buyer is in the property search.

Clients 407

Clients Buyers Real Estate Agent Real Estate 407

Housing Wire

OCTOBER 28, 2021

There are very few companies providing software to loan officers to help improve the borrower experience, and we are excited for Porch to now be one of the major players in this vertical,” he said. In September, the Seattle-based proptech firm acquired home warranty policy provider American Home Protect (AHP).

Mortgage 393

Mortgage Logistics Insurance Real Estate Agent 393

Riverfront Appraisals

JUNE 13, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part six of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. We’re halfway there!

Reconsideration of Value 80

Reconsideration of Value Final Inspection Bracketing Appraisal 80

Riverfront Appraisals

JULY 1, 2021

For the past six months, I’ve been blogging with the purpose of assisting loan officers to better understand the appraisal process. So far, we’ve covered final inspections, lending on unique homes, communication with the appraiser, reconsiderations of value, bracketing and FHA appraisals. And, you’ll definitely […].

Appraisal Process 88

Appraisal Process Reconsideration of Value Bracketing Final Inspection 88

Housing Wire

FEBRUARY 21, 2023

Real estate agents, brokers and other qualified third parties offer inspection support, aided by sophisticated cameras and guided by GSE-mandated standards for data collection. For appraisals, the automated confirmation can include the inspector’s photo and vehicle type.

Modernization 339

Modernization Technology Real Estate Agent Valuation 339

Riverfront Appraisals

APRIL 30, 2021

Right now on our Appraisal Blog, we’re all about helping Loan Officers. This post is part five of a 12-part series we’re calling The Loan Officer’s Guide to Appraisals. So far in our series, we’ve looked at final inspections, lending on unique homes, communication with the appraiser, and reconsiderations of value.

Bracketing 78

Bracketing Reconsideration of Value Final Inspection Appraisal 78

Riverfront Appraisals

MARCH 5, 2021

This post is part three of a 12-part series we recently launched called The Loan Officer’s Guide to Appraisals. In case you missed part one on the Final Inspection process, go back and read it here. And last time, we discussed all kinds of unique homes, and gave tips on how to make lending on […].

Appraisal 78

Appraisal Final Inspection Loan Officers Inspection 78

Housing Wire

MARCH 11, 2022

Because Fairway gets most of its reverse mortgage business from referral partnerships, extending to the purchase market made sense for Fairway because of the partnerships that its loan officer corps has spent so much time developing, according to Hultquist. Harlan Accola. Real estate agents hate dealing with call centers,” he says.

Business 358

Business Real Estate Agent Real Estate Loan Officers 358

Genworth MI Blog

FEBRUARY 29, 2024

Handling property condition concerns on the appraisal report That said, if photos or notes outlined in the appraisal report cause concern for the reviewer, further inspection or repairs may be required. Property conditions that impact subject livability, soundness, and/or structural integrity may cause such further inspection/repairs.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Appraisal 421

Appraisal Technology Modernization Real Estate Agent 421

Housing Wire

APRIL 13, 2021

Richardson also noted that there have been fewer property inspection waivers issued by Fannie Mae in the last several months, keeping appraisers, inspectors and others in valuation very busy.

Housing Market 534

Housing Market Buyers Marketing Real Estate Agent 534

Housing Wire

OCTOBER 9, 2020

.'” For Gary Malis, chief financial officer of Paramount Residential Mortgage Group , the complexities in modeling right now are dizzying, especially when accounting for servicing and PIWs (property inspection waivers). “You talk about what you want to buy – it’s about how you price it up front,” said Malis.

Marketing 370

Marketing Investors Technology Loan Officers 370

Genworth MI Blog

JULY 13, 2023

There is an on-site visual inspection of the property and a suggestion of improvements followed by the research, analysis and development that produces the appraisal report. They matter to the lender to ensure the property is sufficient collateral for the loan amount.

Appraisal 78

Appraisal Inspection HOA Real Estate 78

Riverfront Appraisals

AUGUST 31, 2021

Welcome to the September edition of our blog series, The Loan Officer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loan officers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.

Construction 115

Construction Appraisal Appraisal Process Loan Officers 115

Birmingham Appraisal

SEPTEMBER 15, 2022

You can read more about property inspection waivers in a past article I wrote. Appraisal vs Home Inspection. As a new homeowner, you might be confused about the differences between an appraisal and a home inspection. Home inspections are normally regulated by the state.

Appraisal 90

Appraisal Inspection Appraisal Process Real Estate Agent 90

Housing Wire

OCTOBER 12, 2021

At each stage of the buying process, there are multiple siloed transactions, from appraisals, inspections and settlements to mortgage payments and homeowners’ insurance. No Need to Reinvent the Wheel – Put Your Customer First.

Lending 342

Lending Technology Investing Loan Officers 342

Lamacchia Realty

JANUARY 23, 2023

Another important first-time home buyer step is seeking pre-approval from a lender for a home loan. This is when you will meet a loan officer from various mortgage companies. Step 6: Get a home inspection. Step 3: Get pre-approved for a mortgage.

Real Estate Agent 72

Real Estate Agent Inspection Realty Real Estate 72

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 148

Construction Loan Officers Training Lending 148

Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. Septic system in good condition. Free of mold.

Buyers 78

Buyers Inspection Loan Officers Real Estate 78

Realtor

OCTOBER 21, 2016

Every VA purchase loan requires an appraisal, which includes the valuation of the property along with a high-level check of the home’s condition. It’s a broad-based approach not to be confused with a home inspection , which is a more detailed look at the property. Septic system in good condition. Free of mold.

Buyers 60

Buyers Inspection Loan Officers Real Estate 60

Housing Wire

AUGUST 31, 2023

And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years. Property data collection consists of a complete interior and exterior inspection of the subject property. How do the solutions work?

Modernization 370

Modernization Appraisal Inspection Valuation 370

Eppraisal

APRIL 20, 2021

A full pre-approval is when a mortgage loan officer pulls your credit, verifies your employment and income, has your complete application and has all the required documents from you. Your loan officer may even put your file through an initial underwriting.

Sellers 66

Sellers Loan Officers Inventory Home Value 66

PennyMac

DECEMBER 22, 2020

Your agent should also be able to tell you if you need to hire anyone else, such as an attorney or an inspection service, depending on your state and situation. Note: An appraisal, which tries to estimate true home value, is different from a home inspection, which tries to take inventory of current and potential issues.

Inspection 69

Inspection Real Estate Agent Real Estate Agents 69

Genworth MI Blog

MAY 28, 2020

Remember when loan officers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.

Construction 78

Construction Loan Officers Training Lending 78

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Real Estate Agent 96

Real Estate Agent Real Estate Agents Buyers 96

Lamacchia Realty

DECEMBER 10, 2021

Decide who you want to work with for your inspections, attorneys , and lender, to name a few. The Closing Disclosure (CD) , which will be sent directly to you from your attorney or title company at least 3 business days before closing, lays out in detail the final terms of your loan including monthly payments and fees.

Buyers 65

Buyers Insurance Realtors Loan Officers 65

McKissock

SEPTEMBER 28, 2021

That includes two agents, the processor and loan officer. “The most efficient way is to use a drone to inspect properties all around.” I know some of these are automated, and they can really be annoying and are clogging my inbox.” That situation is very burdensome.” ” Other (11%).

Appraisal 85

Appraisal Property Appraisal Loan Officers Clients 85

Assurance Financial

APRIL 29, 2021

It provides a detailed list of the costs that might be connected to the loan. Home Inspection. A home inspection is a visual inspection of the property that is often part of the homebuying process. The inspection can make the buyer aware of potential issues in a home. Walk-Through. Linked: [link].

Mortgage 69

Mortgage Insurance Sellers Inspection 69

PennyMac

JUNE 28, 2022

From taxes, to inspection fees, to mortgage fees, you’ll need to make sure each party is paid to fully purchase your home. The agency will use the data from the inspection to plan for flooding emergencies. Lead-Based Paint Inspection. It usually costs about $300 for this inspection. Pest Inspection.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Sammco Real Estate Appraisal Group

SEPTEMBER 15, 2015

You might be a home owner, a mortgage loan officer or even an appraisal management company. This may be as of the date of the inspection or a retrospective appraisal as of a certain date in the past. So how do you find best Orange County Home Appraiser? Tell them you are looking for current market value as of a certain date.

Appraisal 60

Appraisal Appraisal Process Loan Officers Inspection 60

Birmingham Appraisal

FEBRUARY 8, 2023

The only appraisal that use to be done, and that most people are familiar with, was a full appraisal by a licensed or certified person who would physically inspect the property and then write up the report and deliver it to the lender.

Realtors 77

Realtors Appraisal Market Value Real Estate Agent 77