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DataDigest: There are too many real estate agents and LOs. It’s a problem

Housing Wire

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. Looking at the productivity of the LO’s real estate agent partners is key, he said.

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Knock reverses course on loan officer pay cut

Housing Wire

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. It began 2021 in 14 markets and is now in 70. Knock does not do refinancings.).

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Three can’t-miss panels for new real estate agents at HW Annual Oct. 3-5

Housing Wire

Beginning a career as a real estate agent is an exciting time. That’s why new agents shouldn’t miss these three panels at HW Annual that will set you up for a long, successful career. . Reaching homebuyers in a purchase market. Housing market super session. HousingWire Annual. HousingWire Annual.

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How lenders can build valuable referral relationships with real estate agents

Housing Wire

The ideal real estate agent-lender relationship is symbiotic: the agent earns trust with their borrowers by connecting them with a great lending resource, while the lender receives a steady stream of business from the agent. Still, lenders are wise to cultivate rapport with real estate agents.

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How should LOs prepare for the market ahead?

Housing Wire

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A A 5% market will be good. I think that brings enough people back into the market, [though] I do think there’s still a lot more demand than supply.”. Make a plan. Continue to educate.

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New G-Rate program allows sellers to permanently buy down their buyer’s mortgage rate

Housing Wire

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. For as low as $995 the seller can secure a discounted rate to market the listing, according to Guaranteed Rate.

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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Vance Loiselle: In the 20th century, the primary technology innovations in real estate were the telephone and the MLS. This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. VL: So many areas could benefit by embracing digitalization.