Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Business 401

Business Mortgage Loan Officers Inventory 401

Housing Wire

JUNE 23, 2023

CrossCountry Mortgage (CCM), the nation’s third-largest retail mortgage lender, unveiled its latest initiative this week that is aimed at helping first-time homebuyers overcome the financial hurdles of purchasing a home in today’s competitive housing market. 5000 list of America’s fastest-growing private businesses.

Buyers 341

Buyers Retail Loan Officers Insurance 341

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. 85%) back to the pre-crisis level of.5%,”

Insurance 357

Insurance Loan Officers Sellers Mortgage 357

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

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Agents Sellers Buyers Finance 437

Housing Wire

FEBRUARY 19, 2021

5 tips for buying a home in a seller’s housing market. A homebuyer’s guide to a competitive housing market. Home insurance hiccups. Your lender is going to require an adequate home insurance policy before they’ll close on your loan. There also may be cases when a home isn’t insurable. Low appraisals.

Insurance 532

Insurance Loan Officers Housing Market Appraisal 532

Housing Wire

APRIL 18, 2023

Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. The platform makes closings simple, transparent and less expensive.

Tools 285

Tools Sellers Technology Loan Officers 285

Housing Wire

MAY 6, 2024

Largely hidden from view and misperceived by some to be on the lower end of the hierarchy of service providers, the position seemingly lacked the luster of the real estate agent or the panache of the loan officer. During the housing crisis of 2008, the title industry suddenly emerged from obscurity into full view.

Real Estate Agent 295

Real Estate Agent Real Estate Project Management Agents 295

Realtor

NOVEMBER 7, 2023

This amount can change depending on market factors. If demand in your area is high, a seller could expect a larger deposit. If the market is cold, a seller could be happy with less than 1%. Other governing factors like state limitations and rules can cap how much earnest money a seller can ask for.

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Inspection Insurance Sellers Buyers 196

Housing Wire

NOVEMBER 7, 2023

Though this seems like a whole new stress-inducing worry for many real estate agents , the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets. If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller.

Clients 362

Clients Buyers Real Estate Agent Real Estate 362

Housing Wire

FEBRUARY 24, 2021

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. This has heightened the need for digital tools for marketing, viewing, financing and closing on home purchases. VL: So many areas could benefit by embracing digitalization.

Real Estate Agent 273

Real Estate Agent Real Estate Agents Loan Officers 273

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. It shows the seller you’re serious about their property, and usually amounts to about 2% of the home price. If you back out of the deal, the seller gets to keep it.

Mortgage 414

Mortgage Property Taxes Loan Officers Sellers 414

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

Clients 377

Clients Agents Buyers Sellers 377

Miller Samuel

FEBRUARY 12, 2019

Over the years, I have bantered with the Espinal Adler Team (Marie Espinal and Jeff Adler) at Douglas Elliman Real Estate about the market which has been invaluable for on the ground intel. I hope you find that this apple was fully peeled: Jonathan Miller’s Market Outlook. And, in-turn, when the market falls, it will fall forever.

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Marketing Real Estate Appraisal Sellers 221

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. Technology has given consumers the power of choice and expedited the entire real estate purchasing process.

Buyers 430

Buyers Real Estate Agent Real Estate Brokerage 430

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset.

Valuation 281

Valuation Real Estate Agent Real Estate Clients 281

Housing Wire

JULY 9, 2021

We know through the work of people like Robert Shiller and others that “narratives” are indeed economic forces and that compelling narratives can move markets. real estate market, matters are of course more complex than mere narratives, but we do all know that constant hype adds to the buoyancy of markets, which then creates more hype.

Real Estate 442

Real Estate Business Valuation Technology 442

Housing Wire

AUGUST 25, 2022

Like its peers, the wholesale lender’s origination volume has plunged over the past year due to a dearth of refinancings and a sluggish purchase market. But the reality is Homepoint – like some of its peers – is going to lose market share as it attempts to right the ship. Homepoint is in a tough spot. Homepoint is hardly alone.

Mortgage 384

Mortgage Loan Officers Finance Investors 384

Housing Wire

OCTOBER 15, 2020

Digs is an FDIC-insured platform that helps consumers set and track savings goals, learn about the buying process, and understand credit. It also enables OJO Labs to continue to add value for agents and loan officers by equipping them to better engage with consumers. Financial terms of the agreement were not disclosed.

Finance 174

Finance Renovations Loan Officers Agents 174

Genworth MI Blog

AUGUST 31, 2022

The housing market has seen many changes over the past couple of years, some as a result of the COVID-19 pandemic and some from the rapid changes in the economy. With an increasingly competitive market for buyers, many homebuyers have taken new steps to secure a successful offer.

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Inspection Appraisal Marketing Appraisal Process 78

Housing Wire

SEPTEMBER 21, 2023

We did a study with T360 recently, just looking at the agent experience and we came back with about 20 different point solutions that an agent has to use just to perform their duties in representing a buyer or seller of a home. And, frankly, give them more time in the day to spend with their buyer or seller.

Technology 352

Technology Real Estate Agents Design 352

Realtor

OCTOBER 16, 2023

” However, keep in mind that you will have to pay private mortgage insurance if you put less than 20% down, which increases your monthly payments. Assuming you can get a loan instantly Many borrowers assume that in today’s instant-gratification culture, they can get a mortgage in days or even minutes. ” 9. .

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Mortgage Real Estate Agent Real Estate Buyers 190

Genworth MI Blog

FEBRUARY 29, 2024

Property value impacts not only the seller, but the borrower too after all. Additionally, non-residential properties that are adjacent to or near the subject can also impact value/marketability. With more housing demands in today’s market adding to appraisal concerns, it’s best to check back in with the appraiser to get clarification.

Appraisal 88

Appraisal Inspection Training Real Estate 88

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Hurst: Over the first few years of our venture investment activities, we predominantly invested in new models for engaging customers and stakeholders in the residential purchase market. As of Sept.

Mortgage 328

Mortgage Real Estate Investing Technology 328

PennyMac

FEBRUARY 13, 2024

Did you know, however, that there may be another financing option that could possibly benefit both the buyer and the seller under the right circumstances? That still leaves $27,520 that must be paid in cash to the seller, which you can settle during the loan assumption transaction, much like a traditional down payment.

Mortgage 53

Mortgage Sellers Buyers Finance 53

Assurance Financial

APRIL 29, 2021

An adjustable-rate mortgage has an interest rate that can change over the term of the loan. After the introductory period ends, the rate adjusts based on the market rate on a set schedule. It can be less than the market or appraised value of your home. Balloon Loan. Fair Market Value.

Mortgage 69

Mortgage Insurance Sellers Inspection 69

PennyMac

JUNE 28, 2022

Throughout the process of buying a home, many professionals have contributed important services, and both buyers and sellers will need to pay fees for that before the property can be officially sold. Closing costs can apply to both the buyer and seller. Down payments of 10–24.99%—sellers can contribute 6% of closing costs.

Insurance 36

Insurance Property Taxes Sellers Inspection 36

Appraisal Today

OCTOBER 14, 2022

NOTE: Please scroll down to read the other topics in this long blog post on Reviews and Revisions, AMC layoffs, real estate market, unusual homes, mortgage origination stats, etc. ==. Utah’s Largest Home Hits the Market With a Bowling Alley and Lazy River for $17.5M, discounted from the initial $21 million listing last year.

Appraisal 52

Appraisal Insurance Real Estate Business 52

Assurance Financial

DECEMBER 20, 2021

In a traditional home sale, the seller lists the house for a price that will cover the following costs: The mortgage’s remaining costs. Existing home equity loans or home equity lines of credit (HELOCs), if applicable. After taking care of the above expenses, whatever amount is left over is the seller’s profit.

Mortgage 74

Mortgage Sellers Buyers Finance 74

McKissock

APRIL 20, 2021

Receive basic training in contracts and how to price properties using comparative marketing analysis. Meet with/learn from service providers such as loan officers, title companies, attorneys, home warranty, and insurance companies. Refer buyers and sellers out to other agents locally and across the country.

Real Estate Agent 98

Real Estate Agent Real Estate Agents Realtors 98

Will Springer Realtor

MARCH 30, 2021

In this seller-friendly market, sometimes dozens of buyers make bids on a single home. Earnestly speaking – To make a good first impression with the seller, buyers should offer a high earnest money deposit, say 7% or more. Research shows rejection can be just as serious as physical pain. Only one can win.

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Inspection Sellers Buyers Real Estate 36

PennyMac

JUNE 14, 2021

The agent helps prospective homebuyers find properties that fit their specific needs and wishes, negotiates better deals with sellers, handles much of the paperwork and provides step-by-step guidance throughout the homebuying process. This can help you avoid common (and not-so-common) pitfalls in the market.

Real Estate 36

Real Estate Agents Buyers Real Estate Agent 36

Appraisal Today

AUGUST 13, 2023

NOTE: Please scroll down to read the other topics in this long blog post on non lender appraisals, liability, markets with few sales, Bias, unusual homes, mortgage origination A California Winery With a 91-Acre Vineyard for $12,995,000 Red Soles Winery, a 91-acre vineyard. Markets hate uncertainty. Or hit the reply button.

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Appraisal Contracts Real Estate Agent Mortgage 75

Birmingham Appraisal

SEPTEMBER 15, 2022

Banks are typically absolved from discrepancies between the amount they lend and the true market value of the home meaning that they will not be held responsible to the buyer. Other users might be sellers, mortgage underwriting, banks, and contractors. You can read more about property inspection waivers in a past article I wrote.

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Appraisal Inspection Appraisal Process Real Estate Agent 93

Quicken Loans

JUNE 10, 2021

The idea behind a preapproval is simple: Before checking out what’s on the market, you should be confident that you know how much a lender will loan you. As you may have already experienced, without a preapproval , real estate agents aren’t going to give you too much of their valuable time (especially in a seller’s market).

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Clear Capital

SEPTEMBER 29, 2021

” Jeff’s Real Estate Joke of the Pod gives us a buyer’s-eye view of today’s real estate market. You know, things to really support the listing process, marketing of the listing process, bringing that world together with the fintech world, and helping financial services make better decisions. Watch ClearCast E19.

Sellers 69

Sellers Agents Real Estate Buyers 69

PennyMac

APRIL 5, 2022

In short, it serves as proof to sellers that you’re a serious and reliable buyer. It proves that your finances, employment, and other pertinent information have been evaluated and that you’ve been qualified for a loan up to a certain amount. What it does do is give you and any prospective seller an estimate of your borrowing abilities.

Mortgage 36

Mortgage Sellers Finance Buyers 36

Town & Country Residential Appraisals

JANUARY 24, 2020

That’s a step towards mortgage insurance fraud and a lost license. The overall health of the real estate market relies upon all parties acting in an ethical fashion, and as a consumer, you have a part to play in that. If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here.

Appraisal 36

Appraisal Market Value Contracts Clients 36