Housing Wire

FEBRUARY 2, 2022

As the strong refinance volume of 2020 and 2021 drops industry-wide, lending businesses find themselves at a crossroads: How will they manage the impact of fixed expenses until the next injection of loan volume? Learn here! Real Genius has mortgage offices throughout the Southeast and offers conventional, FHA , VA and jumbo loans.

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Mortgage Technology Lending Modernization 314

Housing Wire

NOVEMBER 30, 2022

The company also made headlines in October for its decision to offer an Attorney Opinion Letter product for VA direct and VA-backed home loans as a compliant alternative to title insurance. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Real Estate 342

Real Estate Insurance Technology Lending 342

Housing Wire

APRIL 11, 2024

When I talk to people about my experience in that stunt diving show, one of the things that I learned through that is practice and repetition means a great deal. Department of Veterans Affairs (VA) loans. But a letter that NAR sent to the VA has remained unanswered.

Real Estate 389

Real Estate Realtors Law Tools 389

Housing Wire

FEBRUARY 20, 2024

The changing role of the LO One of the strongest indicators of this transformation is the changing role of the loan officer (LO). To succeed, companies will need to empower their teams with the tools, training and decision-making authority to help them win share on a loan-by-loan, borrower-by-borrower basis as quickly as possible.

Loan Officers 379

Loan Officers Technology Lending Tools 379

Housing Wire

SEPTEMBER 22, 2023

Read on to learn more about Duncan’s views on the housing market, loan performance and affordability challenges homebuyers face. The servicing side of the business is doing very well because those loans are simply not going to prepay for a long time. The employment data comes out on a lag basis for brokers and loan officers.

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Housing Market Marketing Buyers Investors 434

Housing Wire

JULY 29, 2021

Another major risk of nonbank originators and servicers is operational risk in terms of loan manufacturing quality. In a study I conducted for the MBA ’s Research Institute for Housing America I analyzed the impact of loan manufacturing quality on credit loss and its implications for the industry. Specifically, the 1.9

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Sellers Mortgage Business Lending 414

Housing Wire

AUGUST 26, 2022

Both HELOCs and non-QM loans are made to order for today’s mortgage market. They generally come with flexible guidelines, longer terms, alternative documentation and more forgiveness of credit events—things you wouldn’t see in agency loans but not necessarily risk factors. Lee Smith: Definitely. Non-QM products are more expansive.

Mortgage 349

Mortgage Technology Home Improvement Business 349

McKissock

FEBRUARY 13, 2023

What’s going on with the VA? McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions. Sign up now.

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Appraisal Reconsideration of Value Valuation Real Estate 85

Housing Wire

MAY 5, 2022

The MBA found that purchase applications increased for conventional, FHA, and VA loans — all up 4% this week from the previous week. Learn how updating your mortgage technology stack can help you get ahead in today’s unpredictable lending environment. Refi applications dropped to 33.9% Presented by: Polly.

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Mortgage Buyers Government Lending 367

Housing Wire

AUGUST 2, 2022

Learn what lenders can do to help borrowers facilitate a sale, protect the equity in their home, and potentially remain in their home following the sale by negotiating a leaseback option. Long-term, servicers would benefit from having fewer non-performing loans, which are the most expensive to service.

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Government Insurance Investors Finance 329

Housing Wire

JANUARY 31, 2021

Bryan Bellacosa: Anticipating that foreclosure moratoriums will lift sometime during 2021, real estate investors and servicers need to be prepared for an increase in defaulted loans. The platform leverages a proprietary blend of artificial intelligence and machine learning.

Investors 206

Investors Real Estate Valuation Tools 206

Housing Wire

SEPTEMBER 18, 2020

Lenders who had not previously taken advantage of programs that streamline borrower data verification acceptance, like Fannie Mae ’s Day 1 Certainty, Freddie Mac ’s asset and income modeler (AIM), the VA ’s Loan Guaranty Service and HUD ’s FHA and USDA ‘s loan products, are now flocking to these programs.

Business 402

Business Lending Technology Clients 402

Realtor

OCTOBER 16, 2023

Over the past two years, interest rates on home loans have nearly doubled from the 3% range to around 7% today. And while there are ways to lower those costs , navigating the home loan process is extremely complicated—particularly for first-time homebuyers. . “Many listing agents are requiring that, no matter the price range.

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Mortgage Real Estate Agent Real Estate Buyers 190

Housing Wire

JANUARY 26, 2024

I learned all kinds of things like how Michael’s sister-in-law is a judge in the same court, like how the wives of two of the plaintiffs’ attorneys are friends with the judge’s wife on Facebook. Department of Veteran Affairs (VA) loans. Lamacchia also took aim at the jury and the Kansas City court where the trial took place.

Realtors 422

Realtors Law Agents Real Estate 422

McKissock

FEBRUARY 13, 2023

What’s going on with the VA? McKissock Learning is hosting a FREE one-hour, non-credit Pro-Series webinar titled “Current Topics with the VA,” featuring a discussion with James Heaslet, Chief Appraiser for the Department of Veterans Affairs and Jeffrey Hogan, Vice-President at Veros Real Estate Solutions.

Appraisal 52

Appraisal Reconsideration of Value Valuation Real Estate 52

BiggerPockets

SEPTEMBER 5, 2022

What does VA loan funding entail, and are YOU eligible? Get all the details here and learn the major benefits this loan can offer your real estate business.

Real Estate 56

Real Estate Business Finance Mortgage 56

Raleigh Realty

MARCH 29, 2021

With everything from securing a loan to dealing with the home inspection, a home buyer has a lot to handle. When your home value goes up and you start paying off the loan's principal balance, that builds equity. Your status may be able to help you secure a better loan, grant, or other useful deduction.

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Government Real Estate Agent Insurance Property Taxes 148

Appraisal Today

MAY 10, 2024

New FHA ROV Policy By Dave Towne, May 3, 2024 Excerpts: Up until recently, there has never been a standardized policy for mortgage loan related Reconsideration of Value (ROV) requests after an appraisal has been submitted. The mortgage loan officer handling the loan? Now there is, per the attached PDF HUD/FHA mortgage letter.

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Reconsideration of Value Appraisal Real Estate Insurance 71

Housing Wire

MAY 27, 2022

All lenders must explain their rationale when denying credit to loan applicants, the Consumer Financial Protection Bureau affirmed Thursday, after looking into whether companies claiming exemption because they rely on “complex algorithms” were in violation of federal anti-discrimination law.

Law 414

Law Legal Valuation Government 414

Housing Wire

DECEMBER 16, 2021

Godin made plans to relaunch the business in late 2019 as a tech-forward lender that originated loans across both wholesale and retail channels. Former employees interviewed by HousingWire said the Chicago-based mortgage shop mainly originated safe, conventional refinance loans, and barely made any headway in the purchase market.

Mortgage 357

Mortgage Loan Officers Retail Training 357

McKissock

DECEMBER 15, 2020

A VA loan permits an eligible veteran to borrow up to 103.3% The VA uses state-licensed or state-certified appraisers to provide opinions of value for the homes on which it guarantees the mortgages. In order to complete a VA appraisal , you must be on the VA panel. VA appraisal panel vs. FHA appraisal roster.

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Appraisal Property Appraisal Contracts Real Property 53

Eppraisal

NOVEMBER 28, 2023

However, the cost is often intimidating, especially for those who haven’t yet learned their options. Here’s what you need to qualify for a loan, plus the rundown on five financing choices. Conventional Mortgages Conventional mortgages are home loans not insured by the federal government.

Finance 69

Finance Government Insurance Property Taxes 69

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. Appraisers are adapting by utilizing temporary flexibilities put in place by the GSEs, FHA and VA lenders.

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Inspection Valuation Appraisal Technology 367

PennyMac

OCTOBER 12, 2022

Department of Veterans Affairs (VA) loan program is designed to help our service members and veterans achieve homeownership. However, the VA loan program cannot exist without support. To help cover costs associated with insuring their mortgages, VA loan borrowers may be required to pay the VA funding fee.

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Insurance Mortgage Design Government 36

Housing Wire

AUGUST 19, 2020

At Veterans United Home Loans , we’ve found a solution that avoids these pitfalls while strengthening the efficiency and effectiveness of such a position: hiring from within. As the nation’s largest VA purchase lender, Veterans United has made putting veterans in homes the cornerstone of our business. Guest Author, Loreli Wilson.

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Development Investing Business Mortgage 427

Appraisal Today

NOVEMBER 24, 2023

I watched and listened to them talk about it and learned a lot. VA halts foreclosures for veterans about to needlessly lose their homes Thousands of veterans are at risk after change in COVID forbearance program that provides affordable way to get current on home loans. Many VA appraisers still have some work.

Appraisal 75

Appraisal Mortgage Business Contracts 75

Quicken Loans

JANUARY 11, 2022

What is a VA loan, how does it work, and are you eligible to obtain one? That’s because a VA loan is a type of home mortgage loan that offers preferred terms to borrowers who have served and currently serve our nation. A VA loan is available to veterans and active duty service members, and offered through the U.S.

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Insurance Finance Design Mortgage 44

Assurance Financial

MAY 5, 2022

Loan interest. This means that your monthly payment may be more than you are expecting since it includes more than just your loan. The principal is the portion of the mortgage payment that goes to the actual repayment of the amount loaned. This can end up being a lot of money, but that’s the cost of obtaining a loan.

Mortgage 69

Mortgage Property Taxes Insurance Design 69

On Q Financial

MAY 19, 2021

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. Don’t let previous home loan denials hold you back. Home Loan Options Refinance Information. What are FHA and VA Loans? Here’s a breakdown of the two: FHA Loans. Reach Out Today to Learn More.

Buyers 38

Buyers Government Development Insurance 38

McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. How Tidewater works.

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Reconsideration of Value Appraisal Contracts Appraisal Process 59

McKissock

NOVEMBER 10, 2020

Last month (October), we asked our CE Plus members , “What aspects of the real estate profession/industry do you want to learn more about?” Keep reading to learn what else made the list. What aspects of the real estate profession/industry do you want to learn more about? Learn more. VA and FHA loans.

Real Estate 69

Real Estate Agents Property Management Development 69

McKissock

JANUARY 8, 2021

The VA has a unique set of protocols, known as the Tidewater Initiative, that a VA appraiser must follow when he or she expects the appraised value of a property is going to be lower than its contract price. This initiative was subsequently reaffirmed in the issuance of VA Circular 26-17-18 in July 2017. How Tidewater works.

Reconsideration of Value 52

Reconsideration of Value Appraisal Contracts Appraisal Process 52

Appraisal Today

MARCH 31, 2023

And, with this inspection a traditional appraisal is no longer a requirement for the mortgage loan. Fannie sells their loans to investors. Fannie sells their loans to investors. The more loans, the more money Fannie makes. If you don’t, I strongly recommend doing VA appraisals. This one is very creative!

Appraisal 52

Appraisal Contracts Inspection Clients 52

PennyMac

MARCH 4, 2024

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. How to Find a Mortgage Lender There are several types of lenders you can look to for securing your home loan, with the most popular being direct lenders and mortgage brokers. Direct lenders.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Appraisal Today

AUGUST 5, 2022

VA Approves Desktops and Exterior-Only Appraisals. The use of a Desktop Appraisal may allow an appraiser from outside the market area, but with appropriate credentials for the jurisdiction of the property, to complete the assignment when no local VA fee panel appraiser is available.”. “The Are you doing VA appraisals?

Appraisal 59

Appraisal Valuation Contracts Modernization 59

On Q Financial

JANUARY 6, 2022

But when you ask your lender, you find out the property value is too high for a traditional loan. The Federal Housing Finance Agency (FHFA), Federal Housing Administration (FHA), and Veterans Administration (VA) have all announced new conforming loan limits for 2022. What are Loan Limits? How are Loan Limits Decided?

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HOA Finance Design Government 36

Assurance Financial

SEPTEMBER 20, 2022

Before making any large deposits, it’s wise to ask your loan officer how to properly document that money. Talk to your loan officer before transferring any money to a new account. In some cases, qualified buyers with new debt may no longer qualify for a home loan. Don’t Co-Sign on Another Person’s Loan.

Mortgage 69

Mortgage Loan Officers Buyers 69