Housing Wire

FEBRUARY 12, 2024

Mortgage applications hit their lowest level since 1996, and lenders were faced with the compounding challenges of dwindling origination volume, soaring home prices, rising interest rates and inadequate housing inventory. While the challenge of low housing inventory persists across the country, I have a feeling loan officers will be busier.

Mortgage 409

Mortgage Technology Inventory Lending 409

Housing Wire

MARCH 30, 2023

Tech advancements in the broker space, which caught up to retail lenders ‘ levels, were another factor that helped him make the transition. “I think maybe if you look back a few years, the broker space from a technology perspective was lacking, but has really caught up to where retail was (…). How big is the company?

Mortgage 397

Mortgage Retail Loan Officers Brokerage 397

Housing Wire

APRIL 15, 2024

Their innovative marketing technology is easy to use and is proven to move the needle in our industry. Effective digital marketing has become a priority for loan originators as elevated interest rates, persistently high home prices and lack of inventory have created a challenging landscape for homebuyers.

Marketing 401

Marketing Real Estate Agent Tools Realtors 401

Housing Wire

APRIL 7, 2021

Inversely, data from Zillow showed for-sale inventory climb the highest in four major real estate markets – Los Angeles, Chicago, San Francisco, and New York. Technology has given consumers the power of choice and expedited the entire real estate purchasing process. and Austin.

Housing Market 545

Housing Market Marketing Real Estate Technology 545

Housing Wire

MAY 12, 2022

Inventory is contracting. Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack.

Lending 366

Lending Marketing Technology Contracts 366

Housing Wire

FEBRUARY 27, 2023

Insellerate said it created the solution to drive origination volumes in the face of a “constantly changing mortgage market” that is riddled with rising interest rates and low inventory. The company recorded a monthly application volume growth of 1,000% over the last two years.

Loan Officers 384

Loan Officers Retail Inventory Lending 384

Housing Wire

JULY 20, 2023

Lenders point to cost-cutting as their top business priority amid the mortgage industry facing a number of challenges – including high home prices , tight inventory of homes available for sale and interest rate hikes. We are] looking at technology that will help streamline and reduce appraisal costs for the borrower.

Lending 370

Lending Technology Business Construction 370

Housing Wire

APRIL 7, 2021

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

Sellers 512

Sellers Real Estate Agent Real Estate Loan Officers 512

Housing Wire

JANUARY 9, 2024

households that provides visibility into everything that went into a transaction — real estate agents, loan officers, lenders, title agencies and borrower details, according to MMI’s website. “If MMI’s data covers information on mortgage transactions covering more than 95% of U.S.

Loan Officers 332

Loan Officers Real Estate Agent Tools Business 332

Housing Wire

JULY 16, 2021

The Mobile “Must-Haves” Reshaping Mortgage Technology. This white paper looks at the mobile technology must-haves helping lenders streamline consumer experiences, improve workflow efficiencies, enhance partner collaboration and ultimately execute successful digital mortgage strategies.

Mortgage 410

Mortgage Lending Brokerage Agents 410

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. However, they are hampered by comparatively poor technology and the slow speed at which they can close a loan, analysts said.

Mortgage 522

Mortgage Marketing Retail Lending 522

Housing Wire

JUNE 2, 2023

What does Ishbia think about surging mortgage rates , lack of housing inventory and monetary and policy pressures ? Nunes: Surging mortgage rates is one challenge, but inventory is another. So, people who say inventory and rates and it’s bottom and it’s struggling, they just have a loser’s mentality.

Retail 370

Retail Inventory Mortgage Loan Officers 370

Housing Wire

OCTOBER 31, 2023

HousingWire recently spoke to Sandra Madigan, EVP of product strategy – servicing technology at ICE Mortgage Technology , about improving the home buying and ownership experience with technology and how the industry can do so thoughtfully. What do you think the disconnect is there, and do you see this changing in the future?

Technology 430

Technology Tools Loan Officers Development 430

Housing Wire

AUGUST 3, 2023

HousingWire recently published a deep-dive feature on whether Rocket’s accelerated efforts of hiring local loan officers represented a shift in the lender’s strategy. “As A third of the way into Q3, Rocket sees purchase mortgage shares growing but the lack of inventory will continue to be a challenge. “The

Clients 368

Clients Business Inventory Mortgage 368

Housing Wire

SEPTEMBER 30, 2022

Effective natural language processing technologies extract deeper meaning from unstructured data to make a difference in the lives of countless would-be homebuyers who are credit invisible or have not had the ability to obtain access to affordable housing finance. There is more inventory relative to demand, and deals can be found.

Buyers 458

Buyers Mortgage Loan Officers Retail 458

Housing Wire

SEPTEMBER 22, 2023

Kim: The silver lining in the current housing market is an uptick in new construction sales due to a lack of existing-home inventory. The employment data comes out on a lag basis for brokers and loan officers. Duncan: They have been investing in technology — primarily consumer-facing technologies to get business in the door.

Housing Market 450

Housing Market Marketing Buyers Investors 450

Housing Wire

MAY 6, 2022

Lenders can’t significantly impact the historically low inventory. All of a sudden, you have loan officers and brokers out there hearing what the market is demanding. In addition to our popular bank statement loans, DSCR loans are also seeing a high demand for those getting into the rehab and rental markets.

Marketing 369

Marketing Lending Loan Officers Training 369

Housing Wire

OCTOBER 5, 2023

Saluda Grade , a real estate advisory and asset-management firm specializing in alternative lending products in the nonbank sector, and its fintech partner, Unlock Technologies , this week priced the industry’s first rated securitization backed entirely by shared-equity contracts (which Unlock calls HEAs).

Housing Market 421

Housing Market Marketing Contracts Finance 421

Housing Wire

DECEMBER 30, 2022

It’s positive news for an industry that has recently dealt with a lackluster amount of inventory. Technology and customer service are key things that Nguyen is focusing on to claw his way back up to originating more than $1 billion in volume in the new year. I think the stock market will recover.

Renovations 410

Renovations Realtors Construction Mortgage 410

Housing Wire

DECEMBER 29, 2023

“At the end of the day if mortgage rates come down, I don’t just think that’s gonna solve the inventory problem right away,” said Ben Cohen, managing director at Guaranteed Rate. But a combination of factors – high home prices , lack of inventory , elevated rates — temper expectations for even a moderately strong year.

Mortgage 450

Mortgage Loan Officers Inventory Business 450

Genworth MI Blog

JANUARY 24, 2019

What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud.

Loan Officers 78

Loan Officers Mortgage Buyers Real Estate Agent 78

Housing Wire

JUNE 15, 2022

Lenders, loan officers and economists who spoke to HousingWire this week said that the current volatility in the markets will reduce originations even further in 2022, bringing additional rounds of layoffs. Dominguez said his origination volume is up over the past few weeks due to increased inventory. More layoffs to come.

Mortgage 384

Mortgage Investors Clients Marketing 384

Genworth MI Blog

JANUARY 24, 2019

What that really means is that traditional methods of mortgage fraud are becoming more difficult to commit, especially with improvements in technology and verification of borrower information. Whether you’re a loan officer, loan processor, or underwriter, you have the power to detect and report various types of fraud.

Loan Officers 60

Loan Officers Mortgage Buyers Real Estate Agent 60

Housing Wire

JUNE 8, 2022

With a deadly combination of low housing inventory, reduction in refis and surging mortgage rates, consolidation in mortgage tech is expected. Layoffs at mortgage tech companies appear inevitable, along with other cost-saving measures, including diminished investments in technology. Of the $387.2

Mortgage 384

Mortgage Technology Loan Officers Investing 384

Cornerstone

JULY 1, 2021

Here’s an overview of why selling your house now may be optimal: Because inventory is so tight and demand is so high, buyers are competing for limited listings as homes fly off the market. Housing inventory still sits far below the six-month supply threshold required to uphold a healthy market.* Got questions? We’ve got answers.

Sellers 61

Sellers Buyers Real Estate Agent Inventory 61

Cornerstone

JUNE 8, 2021

Since inventory is so tight, many more homebuyers are opting to take on renovation projects themselves so they can nab the home they have their eye on. A seller who’s worried about needing to update their home must remember that historically low levels * of housing inventory are making today’s homebuyers more forgiving.

Marketing 46

Marketing Sellers Renovations Loan Officers 46

Cornerstone

MARCH 12, 2021

The long answer: Here are several solid reasons why: Housing inventory remains at record lows , while buyer demand has reached record highs. Partner with a local loan officer who has the tried-and-tested technology to help you and your clients move fast. Find a loan officer who cares as much as you do.

Clients 62

Clients Sellers Loan Officers Real Estate 62

Housing Wire

DECEMBER 11, 2023

ICE Mortgage Technology estimated tappable home equity – the value borrowers can borrow while still preserving at least a 20% equity stake in the home – was $10.6 And for originations business to pick up, a stability of low rates as well as a supply in inventory would have to work in tandem. “I in 2024 before declining to 6.9%

Mortgage 458

Mortgage Buyers Inventory Technology 458

Cornerstone

APRIL 2, 2021

Buyer activity remains high , and low inventory continues to pose a problem. Thanks to our speedy in-house processing, our loan officers are known for beating the industry average for closing — often by several weeks.* Connect with a local loan officer now. ICE Mortgage Technology, Feb.

Decorating 41

Decorating Buyers Sellers Loan Officers 41

Housing Wire

MARCH 25, 2021

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. 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.

Brokerage 410

Brokerage Agents Real Estate Agent Real Estate 410

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Mortgage 408

Mortgage Loan Officers Valuation Tools 408

PennyMac

SEPTEMBER 18, 2020

Do a door and lock inventory to make sure they all work—the only time a door should be unlocked is when someone is using it. As a security system expert, he encourages all homeowners to take a look at the new technologies available. With the explosion of home technology, home security systems have gotten much smarter.

Tools 36

Tools Technology Decorating Loan Officers 36

Housing Wire

MAY 24, 2022

For starters, there will be fewer of us — loan officers, banks, brokers. Technology, artificial intelligence (AI) and possibly cryptocurrency will change the transaction. There will be more loans than we can efficiently process for years. The builders will have more inventory. Refinances will take over the market.

Mortgage 432

Mortgage Real Estate Agent Business Loan Officers 432

Assurance Financial

APRIL 15, 2024

You’ll find lucrative job opportunities in numerous booming industries like financial technology, logistics, health care, information technology and manufacturing. The median sale price hangs around $375,000 to $400,000 — a figure that has improved due to increased construction that supplements the housing inventory.

Logistics 36

Logistics Housing Market Investing Loan Officers 36

Housing Wire

AUGUST 31, 2022

For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending. Source: Bureau of Labor Statistics, Mortgage Bankers Association.

Lending 384

Lending Mortgage Real Estate Loan Officers 384

Appraisal Today

SEPTEMBER 8, 2023

Appraisers are being told by their AMC clients and loan officers to appraise these as residential properties. Competence comes with knowledge and experience, but it also requires you to possess specific skills, technology, and abilities. The 30-year fixed mortgage rate decreased to 7.21

Appraisal 83

Appraisal Contracts Business Construction 83

Appraisal Today

OCTOBER 14, 2022

Today, while there still remains some stickiness to the QC revision process, a recent survey completed by The STRATMOR Group commissioned by appraisal management technology company Reggora, indicates 25% of appraisal reports require some form of revision. Inventory levels have an impact on property valuation, at least in the short term.

Appraisal 52

Appraisal Insurance Real Estate Business 52