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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The past year has exposed a need for richer collaboration tools and better data that bring consumers, agents and loan officers together in one system to minimize work and increase transparency for everyone involved.

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Rocket Mortgage plans to hire 500 remote LOs by the end of 2023

Housing Wire

Though its overall mortgage strategy has apparently not changed, Rocket Mortgage is undoubtedly ramping up its initiative to hire local loan officers to win purchase business. Kostegian added that about 5,000 approved insurance agents can also originate a mortgage with Rocket, Lazerson wrote.

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Desperate for deals, mortgage pros get creative

Housing Wire

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s Being on multiple builders’ lists is a way to rack up more deals for loan officers. “A

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Tavant’s FinXperience brings all parties in the lending process onto one collaboration platform

Housing Wire

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The platform is loan origination system-agnostic and is able to “surround and extend” loan origination systems to provide a more efficient lending experience.

Lending 199
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UWM expands bank statement loan offerings 

Housing Wire

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. No mortgage insurance is required. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5

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Will a Part-Time Real Estate Agent Salary Be Enough for You?

McKissock

Becoming a real estate agent requires a giant leap of faith and an investment of time and money. That’s why some agents may choose to test the waters with a part-time real estate position while hanging onto a steady income from another job. Join a real estate team that can handle administrative work.

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FHA or conventional? After LLPA tweaks, the calculus changes for some

Housing Wire

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. In March, FHA Commissioner Julia Gordon made it a little cheaper.