Housing Wire

SEPTEMBER 7, 2023

“The buyers want the listing brokers to pay their buyer representative so they can have the most money invested in their down payment and get the best loan terms and rates possible,” Katie Johnson , NAR’s chief legal officer, said.

Buyers 393

Buyers Agents Loan Officers Real Estate 393

Housing Wire

APRIL 12, 2023

Incentives in the Market In a higher-rate environment, temporary rate buydowns funded by sellers, lenders or builders were widely offered as an incentive for buyers. The majority of the 155 respondents – about 70% of the total – noted temporary rate buydowns funded by the seller, builder or lender are offered as incentives to buyers.

Mortgage 372

Mortgage Marketing Loan Officers Real Estate Agent 372

Housing Wire

APRIL 1, 2024

While Yen likes the product, she feels it is best handled by senior loan officers like herself, a nearly 30-year veteran of the industry. The loan officer must carefully assess the borrower’s ability to repay and consult with the client’s Realtors to determine the resale value and condition of the departing home,” Yen said. “It

Loan Officers 405

Loan Officers Clients Mortgage Construction 405

Housing Wire

APRIL 30, 2024

In a low-volume mortgage origination market, some sellers “don’t have the balance sheet or their owners are not interested in legacy and continuity,” which is a different model than Lower’s, Snyder said. Founded in Denver in 1981, Universal added 60 loan officers to Lower.

Retail 412

Retail Loan Officers Lending Mortgage 412

Housing Wire

NOVEMBER 23, 2022

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. In a high-rate environment, lenders call the temporary rate buydown a win-win strategy for both sellers and buyers when used appropriately. in the second year.

Buyers 464

Buyers Marketing Sellers Loan Officers 464

The Appraiser Coach

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their. Read More.

Agents 370

Agents Appraisal Real Estate Agent Loan Officers 370

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown? What are the pros and cons?

Loan Officers 433

Loan Officers Sellers Clients Buyers 433

Housing Wire

MARCH 15, 2024

Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down. That’s a problem because mortgage LOs traditionally have not “forged as deep of inroads” with sellers’ agents.

Buyers 498

Buyers Agents Mortgage Real Estate Agent 498

Housing Wire

JANUARY 17, 2024

1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. Recently, Interested Party Contributions (or seller concessions) have been allowed with HECM for Purchase loans.

Finance 449

Finance Real Estate Agent Real Estate Insurance 449

Housing Wire

APRIL 24, 2024

“I don’t do that so much internally right now because we’ve got this separation in retail and wholesale, but my job is to do that for the partners and for the 86,000 loan officers out there not offering reverse mortgages. Technically, it encompasses brokers, principal agents and closed loan sellers,” he said. “We

Mortgage 387

Mortgage Loan Officers Training Business 387

Housing Wire

APRIL 1, 2023

The homebuyer just wrapped this long process with their real estate agent and mortgage loan officer, but it’s the photo with the title agent that they tend to post on social media as they hold the keys to their new house. To add to the story, the buyer usually doesn’t even pick the title agent — the seller does.

Real Estate Agent 381

Real Estate Agent Loan Officers Agents Sellers 381

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. The product, known as an assumable mortgage, is not new.

Mortgage 382

Mortgage Loan Officers Government Buyers 382

Housing Wire

MAY 26, 2022

They need to understand the programs, they need to understand their borrowers and find ways to get their borrower’s offer accepted by the seller, and they have to find the right program for the borrower to find their home.”. “Real estate professionals and the mortgage professionals need to partner together,” Reich said.

Loan Officers 392

Loan Officers Finance Technology Insurance 392

Housing Wire

MARCH 8, 2023

However, a surge in demand for government loans and adjustable-rate mortgages (ARMs) played a role in last week’s increase. In addition, loan officers said that investors took advantage of a slower market. There were very low levels of mortgage applications in the weeks prior to the surprising uptick. from the week prior.

Mortgage 381

Mortgage Loan Officers Investors Government 381

Housing Wire

DECEMBER 14, 2023

Several loan officers on Thursday told HousingWire they were quoting borrowers in the mid-6% range on standard 30-year-fixed loans. Powell on Wednesday announced that the Fed anticipates making three 25 basis point rate cuts in 2024 and four in 2025, which should help bring mortgage rates further down in 2024.

Mortgage 477

Mortgage New Listings Loan Officers Inventory 477

Housing Wire

NOVEMBER 7, 2023

Of the $400 billion mortgage origination volume in the second quarter of 2023, FHA and VA share of loan volume consisted of 22.9%, up from 18% in Q2 2022, data from Inside Mortgage Finance (IMF) and the Urban Institute showed. It was through seller incentives that loan originator Ryan Grant helped his FHA borrower buy down 3.5

Agents 450

Agents Sellers Buyers Finance 450

Housing Wire

MAY 25, 2023

Few loan officers make the purchase product a main part of their business. Real estate agents, loan officers and builders can attract customers they have never captured before. Many of these loan officers have existing relationships with real estate agents and builders,” Cooper said. “If

Loan Officers 393

Loan Officers Real Estate Agent Real Estate Finance 393

Housing Wire

NOVEMBER 1, 2023

Jeff Walton, CEO and co-founder of mortgage data analytics company InGenius, which provides loan-officer data to IMBs for recruiting purposes, said it’s going to be a “tough time through winter.” So, the deals aren’t as attractive to sellers. …We’ll

Mortgage 433

Mortgage Loan Officers Finance Buyers 433

Housing Wire

JUNE 23, 2023

To determine eligibility for the CCM Smart Start program or obtain further information, individuals are encouraged to reach out to a CCM loan officer. The company is also a direct lender and an approved seller and servicer by Freddie Mac , Fannie Mae , and Ginnie Mae.

Buyers 370

Buyers Retail Loan Officers Insurance 370

Housing Wire

APRIL 18, 2023

Radian has developed titlegenius to help improve the closing process for homebuyers, sellers and lenders alike. Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. The platform makes closings simple, transparent and less expensive.

Tools 357

Tools Sellers Technology Loan Officers 357

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. For instance, most loan officers don’t see the point of their clients buying down rates by paying a lot of money upfront.

Loan Officers 382

Loan Officers Inventory Real Estate Agent Buyers 382

Housing Wire

SEPTEMBER 29, 2022

In a call to all mortgage executives and loan officers, these two speakers are looking to address the way most lenders and loan officers do business. If you don’t have the best technology platforms, you are losing loans and leaving both borrowers and Realtors behind. Presented on Oct. Presented on Oct.

Loan Officers 378

Loan Officers Real Estate Technology Business 378

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 345

Real Estate Agent Real Estate Agents Loan Officers 345

Housing Wire

APRIL 12, 2024

The best marketers are driving origination volume, purchase demand, buyer and seller leads and listing awareness by staying attuned to market trends and swiftly adjusting strategies and messaging to effectively communicate. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.”

Loan Officers 316

Loan Officers Lending Real Estate Marketing 316

Housing Wire

OCTOBER 1, 2021

Stevens, President at SRE.com, about the challenges mortgage loan officers and brokers face as the market continues to shift toward purchase money business and how human-assisted eCommerce can help them win more business. HousingWire recently spoke with John G. HousingWire: Why should referrals be a key part of originators’ strategies?

Business 380

Business Loan Officers Real Estate Agent Real Estate 380

Realtor

SEPTEMBER 13, 2023

“The homeowner, loan officer, and often the real estate agent work together to find better comparable market data to justify a higher valuation,” says Casey Fleming , a mortgage adviser and author of “ The Loan Guide: How to Get the Best Possible Mortgage.” . In fact, it’s a total team effort. ” 4.

Appraisal 193

Appraisal Sellers Real Estate Agent Valuation 193

Housing Wire

MARCH 29, 2023

While lower cost of capital will likely bring buyers back in a meaningful way, the latest market instability and the Federal Reserve ’s federal funds rate hike will stress a lot of real estate agents, mortgage advisors and lenders to the core, said Daniel Arias, loan officer at We Fund LA , a division of New American Funding.

Mortgage 404

Mortgage Real Estate Agent Buyers Loan Officers 404

Housing Wire

JANUARY 24, 2023

California lender New American Funding has partnered with EasyKnock, a New York startup that buys homes and rents them back to sellers, allowing clients to access their home equity through non-traditional means. and 50 states, Broker Solutions has 156 active branches across the country and 1,621 sponsored loan officers, according to the NMLS.

Tenants 376

Tenants Loan Officers Finance Clients 376

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. According to the NAR, there were 1.28

Mortgage 414

Mortgage Loan Officers Buyers Inventory 414

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri.

Housing Market 369

Housing Market Marketing Real Estate Agent Loan Officers 369

Housing Wire

MAY 3, 2023

Unlike loan officers, whose commissions are highly regulated by the government, real estate agent commissions are based largely on long-standing industry practices and market forces. Relatedly, discount brokerages have promised big savings to sellers for decades. They were wrong. They’ve never caught on.

Agents 404

Agents Real Estate Agent Brokerage Real Estate 404

Housing Wire

NOVEMBER 7, 2023

Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals. If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller. Be a matchmaker.

Clients 418

Clients Buyers Real Estate Agent Real Estate 418

Appraisal Buzz

SEPTEMBER 14, 2021

We frustrate buyers, sellers, loan officers and, sometimes, real estate agents. Appraisers have been accused of being “speed bumps” in the lending process. In some ways, I can understand their … Read More. The post Agents, Don’t Skip the Appraisal appeared first on Appraisal Buzz.

Agents 195

Agents Appraisal Real Estate Agent Loan Officers 195

Housing Wire

OCTOBER 27, 2022

Mortgage rates have surged firmly above the 7% mark, making alternatives such as temporary rate buydowns and down payment assistance programs more popular, according to loan officers. Boise-based loan officer Blake Bianchi, founder and CEO at Future Mortgage , said he noticed an increase in clients choosing 2-1 temporary rate buydown.

Mortgage 381

Mortgage Loan Officers Clients Housing Market 381

Housing Wire

DECEMBER 27, 2023

The company hopes to reach its goal by growing organically with more loan officers under a dozen business development managers. Sellers usually have an efficient sales force but can’t afford the back-office operations. We had about 400 sellers on our own. By the same measure, Guild had just 1.1%

Mortgage 411

Mortgage Retail Lending Sellers 411

Housing Wire

FEBRUARY 15, 2024

And if the DPA loan does not come from a national DPA provider, loan officers need to have underwriting guidelines rewritten to the DPA provider’s standards, which could take longer than getting a conventional loan. “A A lot of these programs that I’ve heard of could take 45 to 60 days to get to the finish line.

Mortgage 442

Mortgage Buyers Loan Officers Sellers 442

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . The jumbo market for brokers is back in a huge way.

Marketing 488

Marketing Sellers Finance Loan Officers 488