Housing Wire

FEBRUARY 11, 2022

We know that refinance volume is declining, Agency business will shrink and get more expensive and an increasing number of borrowers will not qualify under Agency guidelines. Non-QM is a solution for these challenges and these loans are easy to do. . Do you have a plan to add non-QM to your loan mix this year?

Business 370

Business Mortgage Realtors Marketing 370

Housing Wire

MAY 17, 2022

Orchard , which operates a home-buying and selling platform, wants to expand its customer base of first-time homebuyers by helping them to make a cash-backed offer. Cash buyers made up 28% of all home purchases in March, a rise of five percentage points from the same month in 2021, according to the National Association of Realtors.

Buyers 370

Buyers Investors Mortgage Valuation 370

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents.

Real Estate 518

Real Estate Real Estate Agent Mortgage Agents 518

Housing Wire

FEBRUARY 7, 2022

Pink slips will start arriving for Santander Bank ’s employees working in the mortgage and home equity businesses following the bank’s announcement to stop originating such loans in the United States. HousingWire has learned that the bank’s exit from the residential mortgage business in the U.S.

Mortgage 370

Mortgage Business Retail Finance 370

Housing Wire

APRIL 26, 2022

HousingWire: With interest rates gradually rising and refinance volume on the decline, how can originators benefit from adding reverse mortgages to their product mix? And they’re sitting on an estimated $10 trillion in home equity. Using home equity isn’t anything new.

Housing Market 370

Housing Market Business Mortgage Marketing 370

Housing Wire

DECEMBER 22, 2021

Banosian broke a new record this year , topping his record-setting 2020 and funding a whopping $2 billion in total origination volume, which is believed to be a record for a retail loan originator. And finally, we use our digital mortgage app at Guaranteed Rate, which helps us stay on top of loans even when we are on the go.

Clients 381

Clients Technology Tools Business 381

Housing Wire

MAY 18, 2022

HW: How can a reverse mortgage allow older Americans to take advantage of their existing equity without selling at a loss? CM : Firstly, reverse mortgages, whether government-insured or proprietary, are non-recourse loans. HW: Some borrowers are under the impression that reverse mortgages are a last resort.

Mortgage 397

Mortgage Clients Insurance Tools 397

Housing Wire

MAY 5, 2022

Homebuyers will have to look elsewhere to secure a mortgage, as the members-only big box store announced it’s no longer in the business of financing homes. Costco’s announcement says simply: “Members with questions regarding their current mortgage application and loan should contact the lender they have been working with.”.

Mortgage 370

Mortgage Retail Finance Business 370

Housing Wire

NOVEMBER 15, 2022

Evaluating which tools in your current stack have the largest ROI and streamlining the use of them are key to ensuring loan officers are working most efficiently. Strategies including the cost of waiting, rent vs buy, and other loan opportunities for first-time homebuyers will help optimize the top of your funnel.

Housing Market 441

Housing Market Marketing Loan Officers Tools 441

Housing Wire

JULY 14, 2022

As home prices continue to rise, one growing point of interest for many homeowners are reverse mortgages, with older Americans sitting on a record $10 trillion in home equity, according to data from the National Reverse Mortgage Lenders Association. Click here to nominate someone. What trends have you seen at FAR?

Mortgage 370

Mortgage Business Lending Marketing 370

Housing Wire

OCTOBER 29, 2021

HousingWire recently spoke with Dave Steinmetz, Division President of Origination Services for ServiceLink, on what tools lenders should leverage to streamline home equity title and closing. The tools enabling work-from-home and remote closings were not only readily available, but efficient and accessible.

Inspection 367

Inspection Technology Clients Tools 367

Housing Wire

MAY 25, 2022

Between significantly fewer refinances, rising mortgage rates and housing inventory nearly cut in half since 2020, loan officers (LOs) and brokers face a pivotal time where adaptation is a must for success. There’s no question that 2022 has seen serious changes to the housing market. Bracing for the challenges of non-QM.

Lending 397

Lending Investing Loan Officers Design 397

Housing Wire

SEPTEMBER 22, 2023

However, a silver lining in the subdued housing market is the strength in new-home sales. Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. For existing homeowners, that’s good news because it means equity accumulation.

Housing Market 450

Housing Market Marketing Buyers Investors 450

Housing Wire

JANUARY 6, 2023

Nearly every loan originator is fixated on going after the purchase mortgage market in 2023 following a brutal 2022 — a year in which even some of the top producers saw their origination volume drop to 20%. That is also the case for Chris Gallo, senior loan officer at NJ Lenders Corp. After dropping from $1.2 That’s it.

Business 410

Business Loan Officers Clients Inventory 410

Housing Wire

AUGUST 17, 2022

The Federal Reserve alleges the bank improperly provided loans of nearly $100 million to family trusts controlled by then-CEO and Chairman Paul without making necessary disclosures to the board or obtaining board approvals. The bank’s mortgage arm locked $92 million in loan commitments for the second quarter, down from $136.7

Lending 382

Lending Government Investors Law 382

Housing Wire

APRIL 29, 2021

In fact, a recent report from S&P Global estimates that “non-QM issuance volumes will return to 2019 levels this year, reaching an estimated $25 billion” as agency refinance activity slows down and the purchase market remains strong. This makes it more likely that their best loan fit falls under non-QM rather than agency products.

Lending 369

Lending Investors Insurance Marketing 369

Housing Wire

FEBRUARY 11, 2021

billion in loans for the 12 months that ended Sept. In this webinar, you will learn how to translate digital closing benefits into concrete metrics that will help you measure ROI. LoanDepot originated 72% of the company’s loans in 2019 via its 2,000-member strong retail channel, and 28% through its partner network.

Retail 410

Retail Real Estate Agent Finance Mortgage 410

Clear Capital

APRIL 1, 2024

Home equity lending is a hot topic, with homeowners boasting near-record amounts of equity. Mordor Intelligence estimates that as of 2024, the home equity lending market size is estimated at nearly $31 billion, and is expected to grow to $36 billion by 2029. What is home equity lending?

Lending 36

Lending Valuation Home Value Design 36

Housing Wire

MARCH 11, 2022

Last week, Fairway Independent Mortgage Corporation announced the hiring of Tane Cabe as its new reverse business development manager with a focus on Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business. So real estate agents automatically get nervous [about a HECM being] an FHA loan. Diagnosing low H4P uptake.

Business 370

Business Real Estate Agent Real Estate Loan Officers 370

Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. HousingWire sat down with Radian CEO Rick Thornberry to learn more about the state of the housing market and how Radian is helping further homeownership.

Housing Market 421

Housing Market Marketing Construction Insurance 421

Housing Wire

MAY 12, 2022

Refinances are falling. Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. They should be able to explore rate options and educate themselves on the intricacies of buying a home. Rates are rising.

Lending 367

Lending Marketing Technology Contracts 367

Housing Wire

APRIL 7, 2022

In 2008, as the financial crisis was unfolding, he landed a job at secretive big data startup Palantir , where he learned that the $10 trillion mortgage industry was still in the Stone Age technologically. It is clear that this rapid reversal in industry loan volume expectations has impacted our outlook for 2022 revenue growth.”.

Mortgage 384

Mortgage Technology Clients Insurance 384

Clear Capital

JULY 27, 2023

Clear Capital’s ClearAVM , a nationwide automated valuation model (AVM) that provides accurate estimates of market value for millions of properties, has been integrated with BeSmartee’s Mortgage POS and HELOC product to provide users with value verification during the initial application and/or underwriting process on mortgage and home equity loans.

Home Value 69

Home Value Valuation Mortgage Real Estate 69

Housing Wire

FEBRUARY 21, 2023

Jay Farner likes to tell a story about his early days at Rock Financial , which would become Quicken Loans and eventually Rocket Mortgage. Learn quickly. Despite much of the talk out there, buyers are not coming back until home values come down dramatically – you probably won’t see a tremendous pickup. With the Feb.

Clients 365

Clients Mortgage Business Home Value 365

Assurance Financial

APRIL 18, 2022

One of the first things you learn when you’re in the market for a new home is that no house is perfect. There will be things you like and dislike about every home you see. Depending on the extent and cost of your home improvement goals, you might need to take out a loan for renovations. Why Remodel Your Home?

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Raleigh Realty

MARCH 29, 2021

Buying a Home As a Government Employee Are you a government employee preparing to buy a home? The process of buying a new home may sound intimidating. Let's dive into all of the home buying resources you have when working for the government Our real estate company is based in the state capital of North Carolina, Raleigh.

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Government Real Estate Agent Insurance Property Taxes 148

PennyMac

FEBRUARY 12, 2021

Like many American homeowners, your first mortgage may have been a loan with the Federal Housing Administration (FHA). Loans backed by the FHA are attractive to first-time homebuyers because FHA loans are easier to obtain financing for and require only minimal down payments and fair-to-good credit scores.

Insurance 59

Insurance Loan Officers Finance Mortgage 59

Assurance Financial

APRIL 29, 2021

How to Build Equity in Your Home. When you own your home, you can feel a sense of stability and security. You also get full control over how you decorate the home and any changes you make to it. There’s another benefit to homeownership, and that’s the chance to build equity in your home.

Mortgage 74

Mortgage Insurance Home Value Loan Officers 74

PennyMac

JULY 26, 2023

Second mortgages can be a great way to use the equity in your home to free up cash for important needs. Just like any other loan, there are some essential components you should know about second mortgages before you begin the application process. A second mortgage provides an opportunity to reinvest in your home.

Mortgage 36

Mortgage Home Improvement Renovations Lending 36

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. Garg: It took us six years to do $100 billion of refinances and to build an industry leader in refinances. How can Better succeed in a purchase market? What makes this technology competitive?

Realtors 370

Realtors Technology Insurance Mortgage 370

Assurance Financial

MAY 10, 2022

If you already have a primary residence, purchasing a second home can be an excellent investment. The process of buying a vacation home has some things in common with buying your first house. You want to put as much time and effort into finding your dream vacation spot as you did in finding the place you call home.

Property Taxes 74

Property Taxes Mortgage Finance Property Management 74

Appraisal Hub

JANUARY 6, 2021

Do you need to learn your home’s real market value? Knowing the actual market value of your home can be practical in different situations, such as when buying or selling, applying for a home equity loan, refinancing, or when verifying if your property can serve as collateral for cash or a small business loan.

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Appraisal Property Appraisal Inspection Market Value 78

Assurance Financial

MARCH 2, 2021

If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. The guide below will lay out some of the pros and cons to help you make sure you’re refinancing your home for the right reasons. Should You Refinance Your Home?

Investing 69

Investing Mortgage Home Value Marketing 69

Quicken Loans

SEPTEMBER 8, 2021

After all, refinances typically take a month or two to complete, and delays in getting your lender the information they need from you can stretch that timeline even further. What documents are needed for a mortgage refinance? Refinance Documents Checklist. Documents Needed For Signing At Mortgage Refinance Closing.

Mortgage 63

Mortgage Insurance Investing Government 63

Assurance Financial

DECEMBER 20, 2021

There are many factors to consider when selling a home, and you may be wondering what happens to your mortgage when you move. After all, the 2018 American Community Survey found that the median length of time homeowners stayed in their homes was 13 years, a shorter length of time than most mortgage terms. Refinancing.

Mortgage 74

Mortgage Sellers Buyers Finance 74

Assurance Financial

OCTOBER 27, 2023

What Is a Home Equity Line of Credit? One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. What Does HELOC Mortgage Mean?

Renovations 36

Renovations Mortgage Appraisal Housing Market 36

East Coast Appraisal

SEPTEMBER 12, 2022

Private mortgage insurance, or PMI, allows lenders to offer home loans to buyers without the traditional 20 percent down payment. This insurance covers the risk of financing a mortgage with less equity from the buyer. Under typical mortgage terms, PMI remains in effect until the loan balance reflects . 80 percent.

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Appraisal Renovations Insurance Home Value 52