Housing Wire

JUNE 1, 2023

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.

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Housing Wire

OCTOBER 28, 2021

In 2021, Floify’s software, which streamlines the loan origination process by allowing document sharing, and communication between LOs and real estate agents, has helped over 77,000 mortgage applications close each month, according to Porch. The acquisition cost Porch about $76.5

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Housing Wire

JUNE 28, 2023

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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Real Estate Agent Insurance Lending Real Estate 360

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. Help set up their utilities for them, recommend movers, homeowner’s insurance companies and anything else to alleviate stress.

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Clients Buyers Real Estate Agent Real Estate 400

Housing Wire

NOVEMBER 16, 2020

FHA mortgages are insured by the Federal Housing Administration. They allow for lower credit scores than most other loans. Top five questions to ask a potential real estate agent. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment.

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Mortgage Insurance Real Estate Agent Real Estate 485

Housing Wire

APRIL 5, 2021

” Real estate agents and LOs: the great collaboration. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. Helena [California] whose home burned down in the last fire and only half of it was covered by the insurance company.

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Buyers Real Estate Agent Real Estate Brokerage 461

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.

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Valuation Real Estate Agent Real Estate Clients 313

Housing Wire

MARCH 16, 2022

As part of the merger, Jim Black, the founder of All Cal, will become chief lending officer of InstaMortgage. Black, a licensed mortgage loan officer and broker, will also lead product development, tech partnerships and sales growth. Terms of the deal, which was announced on Tuesday, were not disclosed.

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Retail Loan Officers Brokerage Technology 390

Housing Wire

SEPTEMBER 30, 2020

Borrowers, loan officers and the corresponding processors and underwriters are often working on entirely different systems. The use of tech in the current mortgage application process is disjointed and siloed.

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Lending Real Estate Agent Loan Officers Architecture 198

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

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Real Estate Agent Loan Officers Real Estate Agents 435

Realtor

OCTOBER 16, 2023

And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. ” 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. ” 9. . ” 9.

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Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

NOVEMBER 8, 2021

But because inventory remains at record lows, home prices have soared to astonishing highs, and bidding wars still occur in housing market across the country, Pascoe and other real estate agents on the buy-side have had to go the extra mile to fight for their VA clients.

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Clients Agents Buyers Sellers 394

Housing Wire

MARCH 30, 2022

The title insurance space isn’t generally known for placing outsized bets on technology. Title plants are datasets of records that are critical to underwriting title insurance policies for real estate transactions. As of Sept.

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Mortgage Real Estate Investing Technology 353

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.

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Business Mortgage Loan Officers Inventory 426

Housing Wire

APRIL 13, 2022

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.

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Real Estate Agent Mortgage Real Estate Agents 446

Genworth MI Blog

JULY 13, 2023

They could be a licensed appraiser and an authorized real estate agent, two appraisers, etc. Source: David Foster is a Senior Real Estate Appraiser at Enact Mortgage Insurance. They’ll be happy to help you meet your business needs, answer questions, and point you in the right direction.

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Birmingham Appraisal

SEPTEMBER 15, 2022

Other nontraditional uses for an appraisal include valuation for insurance companies, helping sellers arrive at a market value to list their home, estate planning, and tax appeals. This often involves contacting a party to the sale such as the buyer, seller, or real estate agent who was involved in the sale.

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Appraisal Inspection Appraisal Process Real Estate Agent 90

PennyMac

JUNE 28, 2022

An escrow account is a special account that holds money for property taxes, premiums, homeowners insurance and mortgage insurance. FHA Mortgage Insurance Premium. If you’re using an FHA loan for your mortgage, you’ll need to pay the mortgage insurance premium (MIP) upfront as part of your closing costs.

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Insurance Property Taxes Sellers Inspection 36

PennyMac

JUNE 28, 2022

Insurance. A second home usually means higher insurance costs for homeowners. The location and type of home you have will influence how much insurance costs, especially if you are getting a vacation home with many appealing amenities. If you’re renting, there’s also landlord insurance.

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Tenants Landlords Finance Insurance 36

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.

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Mortgage Technology Loan Officers Investing 361

PennyMac

DECEMBER 22, 2020

Real estate agent: A real estate agent will be able to find REO offerings from multiple lenders in your desired area. 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. Step 10: Closing.

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Inspection Real Estate Agent Real Estate Agents 69

Quicken Loans

JUNE 10, 2021

Maybe you’ve tried contacting a real estate agent, who probably told you to call back after you’ve been “preapproved.” Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar.

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Mortgage Real Estate Agent Sellers Appraisal 68

Housing Wire

OCTOBER 7, 2020

Behind him, the recent financial crisis still cast a cautionary shadow over new business development, but ahead he saw opportunities for a client-centric, tech-focused family of companies in the title insurance and real estate settlement services industry. Now, at WFG’s 10-year anniversary, this vision holds even more relevance.

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Insurance Real Estate Technology Loan Officers 370

PennyMac

SEPTEMBER 9, 2020

Conventional loans, the most common mortgage type, require Private Mortgage Insurance (PMI) with a down payment of less than 20%. However your PMI can be removed (by request) once you’ve hit a 78% loan-to-value ratio in some cases. Here are four loan options that can help your down payment dollars go further.

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PennyMac

APRIL 2, 2020

Step 4: Find the Right Real Estate Agent. The help and guidance provided by a real estate agent or REALTOR ® can be priceless, particularly for first-time homebuyers or those searching in an unfamiliar area. But be sure you’ve done your research before opting out of using an agent.

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Real Estate Agent Inspection Sellers Agents 36

Housing Wire

JULY 9, 2021

Still, the residential real estate ecosystem is complex, even opaque to many. So too does trust — usually manifested in the relationship between a buyer/seller and a real estate agent. In real estate, data is king. Does your CRM hurt or help the customer experience?

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Real Estate Business Valuation Technology 450

Raleigh Realty

APRIL 24, 2022

Picking the Right Real Estate Team When looking for a support system for buying a home as a veteran, you may look to your friends and family first — along with a real estate agent. However, your real estate team should also be carefully curated to be informed of veteran affairs. For example, the U.S.

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Real Estate Agent Real Estate Insurance Government 78

Appraisal Today

OCTOBER 14, 2022

Appraisers who excel in this specialized field are generally those who “are willing to spend the time necessary to complete extensive research, are willing to write detailed appraisal reports, and are willing to communicate and interact with real estate agents and builders in the luxury real estate market,”.

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Appraisal Insurance Real Estate Business 52

Appraisal Today

AUGUST 13, 2023

2023 E&O Insurance Brokers Risks of Expert Work by Claudia Gaglione, Esq A long article from Claudia with 4 very good case studies. As I talk with appraiser colleagues and real estate agents, I’m hearing this sentiment quite a bit. This means there aren’t as many data points to understand value. And I feel it myself.

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Appraisal Contracts Real Estate Agent Mortgage 74

PennyMac

JUNE 14, 2021

A real estate agent — specifically a buyer’s agent — can help you through every step of the homebuying process. A good buyer’s agent paves the way to a smooth and successful homebuying experience. What Does a Buyer’s Agent Do for You? Purchasing a new home is a huge undertaking.

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Real Estate Agents Buyers Real Estate Agent 36

Assurance Financial

JULY 23, 2021

The exact amount you need to save up for a down payment depends on the type of loan you choose, the market conditions and your financial situation. That might be true, as putting down 20% allows you to avoid paying private mortgage insurance (PMI) premiums and can mean you get a better interest rate on your loan.

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Mortgage Real Estate Agent Government Loan Officers 74

Will Springer Realtor

MARCH 30, 2021

Here are 11 thoughts, gathered from experienced real estate agents, and shared with you: Financial backing – Before considering offers, buyers should speak with their lender to request a letter that states they are strong candidates for a mortgage loan to cover the cost of the home. Only one can win.

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Inspection Sellers Buyers Real Estate 36

PennyMac

SEPTEMBER 6, 2022

You and your real estate agent will need to research whether or not the particular properties you are interested in are eligible for a loan. Proper insurance coverage: The condo complex you are interested in must have appropriate insurance, including hazard, liability, and flood insurance.

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HOA Mortgage Finance Insurance 36

PennyMac

NOVEMBER 29, 2022

Your loan officer or real estate agent can be a valuable resource to find some of these local assistance programs to help with your first home loan. Unlike a loan, grants are money given to you by an organization or government that won’t need to be repaid.

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Government Mortgage Finance Design 36

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

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Real Estate Agent Loan Officers Real Estate Agents 435

Clear Capital

SEPTEMBER 29, 2021

So there’s this real estate agent — are you with me? And so Ribbon offers a suite of tools and technologies for real estate agents to use with their clients, to help them manage and write offers in unique new ways. There’s 500,000 loan officers. You’ve opened the door.

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Sellers Agents Real Estate Buyers 69