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Opinion: The role of the LO will soon be very different

Housing Wire

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.

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In wake of scandal, LOs say continuing education programs get failing grade?

Housing Wire

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. All the rules and regulations have pretty much been implemented and now we’re just rehashing the same rules and regulations,” Jeha said. Cutting class.

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

Housing Wire

HousingWire recently spoke with Propertybase CEO Vance Loiselle about real estate tech and how the past year has accelerated the need for digital collaboration tools across the entire customer journey. HW: How has the financial industry’s response to COVID accelerated the need for digital tools?

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After mortgage lenders shut down, what’s next for loan originators?

Housing Wire

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. It also underwrites conventional loans and works as a marketing tool for LOs.

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5 best practices for improving the home equity lending experience

Housing Wire

Add tools to help consumers decide which lending options best suit their needs Now more than ever, consumers want practical financial guidance and support. High interest rates and the lack of housing inventory make home renovations and remodeling an attractive alternative for homeowners looking to upgrade their spaces.

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30 real estate social media post ideas (+ popular agents to follow)

Housing Wire

With its potential to reach new clients and gain tremendous ROI, social media has become one of the most effective marketing tools for businesses big and small. Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience.

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The REO Guide: 10 Steps to Buying a Bank-Owned Home

PennyMac

Some homebuyers are intimidated by foreclosed and bank-owned homes because they often require more renovations — and a different type of negotiation — than other options on the market. Online services: Other online services, such as Zillow , offer tools to look up foreclosures by certain characteristics or in certain areas.