Housing Wire

DECEMBER 5, 2023

” This means the entity that assembled and sold the MBS is obligated to buy back any non-performing or defective mortgage loans. In Q1 of 2023, there were $459 million in repurchases on about $68 billion in Fannie Mae loan-acquisition volume, or a 68 basis-point repurchase rate.

Technology 383

Technology Mortgage Investors Lending 383

Housing Wire

JUNE 7, 2021

United Wholesale Mortgage has been aggressively price-cutting loans to put pressure on competitors for months now. “We’re unmatched in a lot of those areas, but sometimes, somebody might have a better price on this loan or on that loan,” Ishbia said. Eight Best Marketing Practices to Fund New Loans Faster.

Mortgage 545

Mortgage Business Marketing Finance 545

Housing Wire

NOVEMBER 16, 2020

However, the COVID-19 pandemic has been a unique crisis to not only live in and learn to work through, but also to follow as it relates to the mortgage business. Many factors have contributed to the type of downturn we’re seeing – one that’s far from normal. P andemic expectations. The rest of this content is for HW+ members.

Business 364

Business Mortgage 364

Housing Wire

JANUARY 14, 2022

If you’re willing to learn and you’re coachable and trainable, that works too.”. Kidwell said his company is looking for loan processors to identify fraud in non-QM loans, in addition to loan officers. With the three companies combined, over 1,000 employees have received pink slips. Riches in the niches.

Lending 326

Lending Loan Officers Real Estate Mortgage 326

Housing Wire

FEBRUARY 12, 2024

Let’s dive in to learn more about this national real estate education provider and learn why The CE Shop and its courses often top our lists for the best online real estate school in each state. If you’re new to real estate, you’ll need to complete a state-approved course and pass your state’s licensing exam.

Real Estate 366

Real Estate Agents Design Real Estate Agent 366

Housing Wire

MARCH 11, 2024

The new paradigm brings into question many closely held assertions about who we serve, the type of homes we should be building, and the best way to pay for a home in retirement. As Boomers move, downsize and age over the next decade, it’s estimated more than 9 million homes will come onto the market, according to Freddie Mac.

Real Estate 367

Real Estate Real Estate Agent Inventory Housing Market 367

Housing Wire

AUGUST 26, 2022

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. While rising home prices may have stopped some homeowners from buying, they’ve made it a lot more attractive for owners to stay put.

Mortgage 335

Mortgage Technology Home Improvement Business 335

Housing Wire

APRIL 26, 2022

John Scarpati : Reverse mortgages add diversity to the loan offering of originators during the current economic climate, but the benefits that make reverse mortgages such a valuable product addition aren’t only driven by interest rates or current macroeconomic trends. And they’re sitting on an estimated $10 trillion in home equity.

Housing Market 354

Housing Market Business Mortgage Marketing 354

Housing Wire

MAY 14, 2021

Credit can be confusing, but it can also be a huge asset going into the home-buying process. A good credit score increases the likelihood of qualifying for a mortgage because it indicates to the lender that you’re more likely to make timely payments on your loan. Make Timely Payments.

Tools 427

Tools Mortgage Lending Advertising 427

Realtor

OCTOBER 16, 2023

Getty Images While buying a home has always been a challenging milestone, today’s high interest rates have made this dream even harder to achieve. Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today.

Mortgage 190

Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

SEPTEMBER 29, 2020

You’ve probably staffed up on loan officers equipped to handle this influx, and you may be shunning riskier, less immediately gratifying business. Unlike refis, home purchases remain fairly steady on an annual basis, always hovering around 5 million per year. Those who don’t learn from the past are doomed to repeat it.

Lending 404

Lending Loan Officers Business Investors 404

DW Slater Company

FEBRUARY 13, 2024

I continually get to learn new things and see new things. I continually get to learn new things and see new things. From large, elaborate luxury homes, to industrial buildings, to large tracks of acreage, to equine facilities, to new construction and old historic homes and buildings. Fascinating? Not for me!

Real Estate 146

Real Estate Appraisal Valuation Real Estate Agent 146

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

Clients 385

Clients Agents Buyers Sellers 385

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. The partner smiled. “

Real Estate 456

Real Estate Real Estate Agent Mortgage Agents 456

Housing Wire

OCTOBER 27, 2021

As non-QM lending increases in popularity, it’s a great opportunity for brokers to jump in and grow their business by offering a wider selection of loan products. However, investors also realized that non-QM loans were made with sound underwriting practices and that their purpose served a void that is much needed in the housing market.

Lending 320

Lending Housing Market Investors Government 320

Housing Wire

NOVEMBER 23, 2022

Mortgage rates for a 30-year fixed-rate loan are hovering around 7% levels and still-high home prices are slashing purchasing power. What helped Erica Davis, a loan originator at Guild Mortgage , in the current high-rate environment is a seller-funded temporary 2-1 rate buydown. It’s a terrible time for homebuyers.

Buyers 468

Buyers Marketing Sellers Loan Officers 468

Appraisal Buzz

JANUARY 10, 2022

If you talk to a professional risk manager working in the home finance industry, they’ll tell you that risk is hiding everywhere. Professional risk managers have learned what levers to move and what knobs to push to effectively mitigate their risk. While they may be overstating it, they aren’t doing it by much. Risk 1: Appraiser risk.

Appraisal 374

Appraisal Real Estate Valuation Investors 374

Housing Wire

DECEMBER 9, 2021

We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”. We’re using] our technology to help homeowners and servicers alike facilitate more convenient and more equitable access to loan products and closings.”.

Technology 334

Technology Legal Tools Clients 334

Housing Wire

JANUARY 3, 2022

Employing computer vision and machine learning help streamline the inspection process, lower the cost of collateral underwriting, and reduce the time it takes to get collateral approval.”. Permanent desktop appraisals are a win for everyone – here’s why. Presented by: Accurate Group. At the moment, the technology is being piloted internally.

Tools 391

Tools Appraisal Appraisal Process Real Estate 391

Housing Wire

OCTOBER 6, 2021

Growing up I was that kid who begged his parents for the real estate section from our local newspaper on the weekends and even wanted to be an architect before I realized how much math it took (and trust me if anything I learned in my accounting class from college it was that I do not like math).

Real Estate 268

Real Estate Technology Lending Valuation 268

Housing Wire

JULY 20, 2021

Borrowers now have settled in homes that in many cases are growing in value, and may have a need to take on renovation costs or consolidate debt, which brings on a greater need for cash-out refinances. This restriction of investment property volume has presented a growing problem, as second home volume was up 178% annually in April.

Marketing 365

Marketing Lending Government Renovations 365

Housing Wire

JANUARY 31, 2024

When loanDepot announced that it was the victim of a cybersecurity incident in early January, it became the fourth publicly traded mortgage or title firm to absorb an attack in as many months. I think cybersecurity today is different than it used to be. We are dealing with professionals who absolutely do this for a living.” million customers. “I

Mortgage 396

Mortgage Insurance Tools Business 396

Housing Wire

MARCH 30, 2023

Donny Kirby, former vice president of national direct-to-consumer sales at Wyndham Capital Mortgage , spent more than 12 years at Charlotte, North Carolina-based company before leaving to start a mortgage broker shop, Cornerstone Home Loans. We all know that home affordability is an issue for everyone right now.

Mortgage 355

Mortgage Retail Loan Officers Brokerage 355

Housing Wire

JULY 15, 2021

Oneka Davis always dreamed of owning her own home. At the start of her path toward buying her first home, she wasn’t familiar with the process. After engaging with HomeFree-USA, Davis was able to make her dream a reality, securing a home loan through Citi. But what did it take to get there?

Clients 394

Clients Development Lending Inspection 394

Housing Wire

JUNE 21, 2023

Home Point Capital surprised the market on April 7 when it announced that the acquirer of its struggling mortgage origination business was a small wholesale shop few had even heard of. The best way to do that, based on everything I’ve learned the last 28 years, is to accomplish a couple of things.

Business 325

Business Lending Marketing Government 325

Housing Wire

DECEMBER 14, 2022

HousingWire reached out to Bowman to learn more about how Flueid is rethinking standard real estate transaction processes and hear what’s to come for the company in the new year. Now, the challenge for many tech solution companies is ensuring that these new capabilities and processes can actually alleviate the fragmentation of the past.

Real Estate 349

Real Estate Modernization Clients Technology 349

Housing Wire

DECEMBER 12, 2022

Despite struggles in retail and wholesale, Pennymac has remained a standout in the correspondent channel, in which lenders aggregate loans from smaller originators. The correspondent channel has limitations in terms of margins, due to the fact that lenders need to pay the network of originators that they aggregate loans from.

Marketing 375

Marketing Lending Retail Clients 375

Housing Wire

MARCH 24, 2023

It uses deep learning techniques to generate human-like responses to text inputs in a conversational manner.” ChatGPT for lenders Several use cases exist for mortgage companies and loan officers to use ChatGPT and AI. Is ChatGPT free to use? Yes, the basic version of ChatGPT is free to use. How do I access ChatGPT?

Loan Officers 472

Loan Officers Legal Development Marketing 472

Housing Wire

SEPTEMBER 15, 2020

A loan officer’s behavior right now in the upcycle has the ability to position them to excel in the down cycle. It’s important to communicate frequently, but you should always be pushing yourself to raise the bar with the type of content and information you’re providing to your clients.

Clients 436

Clients Loan Officers Advertising Business 436

Housing Wire

SEPTEMBER 14, 2020

Low interest rates have kept refinance loan volumes robust, but no one knows for how long. Zillow , for instance, is still enticing new home buyers to transact and Carvana makes it possible to buy a new or used car from the comfort of home. But are all lenders equipped to make that transition? Peering into the future of lending.

Lending 448

Lending Mortgage Technology Business 448

Housing Wire

FEBRUARY 22, 2022

In addition, leading-edge mortgage servicing software that integrates with systems such as the loan origination system (LOS) and a financial institution’s core system allows lenders to sell loans to the Government Sponsored Enterprises (GSEs) while retaining servicing. And the stakes are high. Includes web applications.

Investors 324

Investors Mortgage Construction Business 324

Housing Wire

JUNE 30, 2022

Here are the right questions to ask about each technology you are evaluating to measure effectiveness: Do my revenue producers in sales and marketing expect to have this type of technology? HousingWire : What metrics can lenders use to measure the effectiveness of their fintech solutions?

Mortgage 325

Mortgage Real Estate Agent Technology Loan Officers 325

Appraisal Buzz

JANUARY 24, 2022

Learn about all of the new features in RemoteVal – a free inspection app for appraisers! I hold an SRA and AI-RRS, I am an AQB Certified USPAP Instructor, and I also provide valuation, education, and compliance services to various types of clients. We sat down with our hosts to get the inside scoop on this upcoming webinar.

Appraisal 370

Appraisal Inspection Technology Valuation 370

PennyMac

MARCH 4, 2024

If you’re like most people embarking on a home-buying journey, one of your first steps will be finding a mortgage lender. There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. Mortgage brokers.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Housing Wire

DECEMBER 6, 2022

range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah. In turn, real estate agents are doing everything they can to ensure they get their clients into their home of choice.

Real Estate 358

Real Estate Real Estate Agent Clients Agents 358

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

NOVEMBER 18, 2020

In most cases the in-person inspections required by GSEs, FHA and VA policies can continue per policy; however, adjustments to policy compliance are often needed to get the loan underwritten. HousingWire: What changes have appraisers had to make to their workflows in light of social distancing and other COVID-related concerns?

Inspection 356

Inspection Valuation Appraisal Technology 356