Housing Wire

SEPTEMBER 28, 2022

HousingWire recently spoke with LERETA Chief Operating Officer Jim Micali about tax season and how technology is solving legacy issues servicers have historically had with taxes. If so, how? Finally, selling servicing is a key way that many mortgage companies can raise cash these days. Let me give you an example.

Clients 368

Clients Technology Investors Development 368

Housing Wire

MARCH 31, 2022

HousingWire: How is the shift from refi to purchase affecting the non-QM market? Bao Huynh: In terms of borrower demand for non-QM, it’s still a little early to tell. Non-QM, like any mortgage product, is affected by interest rate fluctuations. Much of this volume was securitized in the 68 deals that came to market in 2021.

Marketing 378

Marketing Investors Technology Loan Officers 378

Housing Wire

OCTOBER 14, 2020

On the heels of going public, Rocket Companies’ broker channel, Quicken Loans Mortgage Services (QLMS), made waves throughout the industry when it announced it would be rebranding to Rocket Pro TPO in an effort to closer align itself with the brand that has become ever-present in the lending space. HW: You mentioned technology advancements.

Loan Officers 302

Loan Officers Real Estate Agent Technology Clients 302

Housing Wire

JULY 28, 2022

HousingWire: As businesses of all types begin to rely more heavily on automation, is the mortgage industry doing enough to keep pace? As a CTO, I have to smile when some lending executives mention that the costs of technology in the mortgage industry are high. One can see human spackle in the charts above.

Technology 377

Technology Business Lending Training 377

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. A good mortgage lender is a valuable resource and can make the home-buying process easier and less stressful. Let’s take a look at the steps you can take to find the right lender fit for you.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

DataMaster

APRIL 6, 2021

Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. Art knew how much those other homes sold for. I Just Don’t Get It! Many people don’t understand home appraisals and how appraisers are legally bound to operate. What is an home appraisal?

Appraisal 158

Appraisal Appraisal Process Buyers Legal 158

Assurance Financial

JULY 23, 2021

How Important Is Credit Score. As a buyer, you agree to take care of your new home and repay your mortgage based on the terms of the loan. One of those factors is the borrower’s credit history and credit score. Your credit history is a snapshot of how you’ve used money and loans throughout your life.

Mortgage 69

Mortgage Lending Government Loan Officers 69

Quicken Loans

JULY 14, 2021

Many Americans are dealing with major credit card debt on top of mortgages, student loans, car loans and medical bills. For homeowners, the good news is there may be a way to help you better manage your finances by using a mortgage refinance to pay off debt. Can You Refinance To Pay Off Debt? Mortgage Refinance Options.

Mortgage 57

Mortgage Insurance Appraisal Government 57

PennyMac

OCTOBER 12, 2022

Purchasing a home can be an exciting journey. As you prepare to purchase a mortgage, one of your first steps might be to pre-qualify for a home loan. Mortgage pre-qualification involves working with your lender to determine how much a home loan you can afford. Mortgage Pre-Qualification vs. Pre-Approval.

Real Estate Agent 36

Real Estate Agent Real Estate Sellers Loan Officers 36

Assurance Financial

APRIL 18, 2022

After your purchase, you can renovate the property to make it suit your tastes and fit your needs. A home renovation loan is most likely not going to be the same as your mortgage. Remodeling your home can give it a new lease on life and make it look more modern. Maybe you got married or added to your family.

Renovations 74

Renovations Construction Home Improvement Mortgage 74

Zillow

DECEMBER 20, 2019

We compiled five New Year’s resolutions that can help you keep your financial resume in tiptop shape. Employment history and income are two of the biggest factors lenders look at when evaluating a mortgage application. It doesn’t mean you won’t qualify for a mortgage - just be prepared to show extra documentation.

Mortgage 52

Mortgage Tools Real Estate Agents 52

Assurance Financial

OCTOBER 27, 2023

One significant advantage is that you can build equity as you pay off your mortgage over time. You can leverage home equity to access cash for major purchases, alternative debt repayment, retirement plans or home renovations. You can also use it to obtain funds via a second mortgage like a home equity line of credit , or HELOC.

Renovations 36

Renovations Mortgage Appraisal Housing Market 36

Assurance Financial

JULY 27, 2021

How to Build Credit to Get a Mortgage Loan. To get certain types of loans , such as a mortgage, you need to have a good or excellent credit score and a strong credit report to qualify for the best terms possible. But it can be difficult to build a good credit history or establish your credit score without having any loans.

Mortgage 69

Mortgage Lending Design Insurance 69

Assurance Financial

APRIL 29, 2021

Mortgage Lending Terminology . If you plan to buy a home or refinance an existing mortgage, you’ll likely encounter mortgage loan terms and definitions that may be unfamiliar — especially if you’re buying a house for the first time. Adjustable-Rate Mortgage (ARM). Amortization. Annual Percentage Rate (APR).

Mortgage 69

Mortgage Insurance Sellers Inspection 69

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. I keep hearing about the automated appraisal. These calculations are made using mathematical models and databases of residential information from public records. Much faster to complete.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Genworth MI Blog

AUGUST 15, 2019

There are big changes coming to appraisals, and they’ll have a huge impact on how the mortgage industry does business. I keep hearing about the automated appraisal. These calculations are made using mathematical models and databases of residential information from public records. Much faster to complete.

Appraisal Tips 78

Appraisal Tips Appraisal Property Inspector Training 78

Housing Wire

JUNE 8, 2023

The CME FedWatch Tool , which calculates probabilities for FOMC rate moves, shows as of this week there’s a 77% chance the Fed will hold rates at the current 5% to 5.25% range. Market forecasts I would argue that we may be near trough origination volumes. in 2023, according to Fed staff. in 2023, according to Fed staff.

Housing Market 485

Housing Market Marketing Investing Mortgage 485

Quicken Loans

DECEMBER 5, 2021

Let’s explore how to save for a down payment. Most mortgage lenders would love if borrowers put down 20% for a home as it lowers their risk when funding the loan. However, in today’s market, you won’t be required to pay that much. An FHA loan: You can obtain these loans with as little as 3.5%

Buyers 66

Buyers Finance Mortgage Design 66

Assurance Financial

MARCH 2, 2021

If you’ve had your existing home loan and mortgage for a little while, it’s only natural to wonder if you could get a better deal. A mortgage is a tremendous responsibility — so you need a reliable understanding of whether refinancing is a good or bad idea. Is Refinancing a Bad Idea? The answer is that it depends.

Investing 69

Investing Mortgage Home Value Marketing 69

Quicken Loans

JUNE 10, 2021

Immediately, the question arises: How do you start the process of getting a mortgage loan? If you’re buying for the first time , the mortgage loan process can be confusing and unfamiliar. How long does it take? Where do I start?”. 9 Steps To Getting A Mortgage. 9 Steps To Getting A Mortgage.

Mortgage 68

Mortgage Real Estate Agent Sellers Appraisal 68

Assurance Financial

JUNE 9, 2021

Along with cutting interest rates, the Fed also promised to purchase around $200 billion worth of mortgage-backed securities. But how much does the Fed’s decision affect the interest rate you’re likely to get on a mortgage? By September 2020, the average interest rate on a mortgage reached a new record low — 2.89%.

Mortgage 69

Mortgage Insurance Finance Buyers 69

PennyMac

APRIL 5, 2022

Shopping for a new home can be an incredibly exciting experience. How many bedrooms do you need? Enter perhaps the most important item on your homebuying preparation list: the mortgage pre-approval. No guarantees are made — it’s simply a model of what your mortgage could look like, should you be approved.

Mortgage 36

Mortgage Sellers Finance Buyers 36

DataMaster

APRIL 6, 2021

Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. Art knew how much those other homes sold for. I Just Don’t Get It! Many people don’t understand home appraisals and how appraisers are legally bound to operate. What is an home appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

DataMaster

APRIL 6, 2021

Appraisals can be confusing. A friend (I’ll call him Art) recently had his home appraised. Art knew how much those other homes sold for. I Just Don’t Get It! Many people don’t understand home appraisals and how appraisers are legally bound to operate. What is an home appraisal?

Appraisal 78

Appraisal Appraisal Process Buyers Legal 78

Assurance Financial

DECEMBER 27, 2021

Whether you’re a first-time homebuyer or a homeowner looking to refinance your mortgage, the financial logistics of homeownership may have you asking some big questions. Interest is the amount of money your lender charges you for using their services, calculated as a percentage of your loan amount. What Is a Fixed-Rate Mortgage?

Mortgage 74

Mortgage Finance Logistics Marketing 74

Assurance Financial

MARCH 1, 2021

For many homebuyers, saving for a down payment can be a significant obstacle to homeownership. This amount can take years for a homebuyer to save up, leaving you trapped in rentals until you can finally scrape together enough. Fortunately, not every mortgage loan requires a sizeable down payment. Homeowners insurance.

Landlords 45

Landlords Insurance Mortgage Transportation 45

Assurance Financial

JULY 20, 2023

Potential homebuyers, especially first-time homebuyers, often wonder how much money they should save to purchase a home. A 100% financing home loan is a type of mortgage loan that allows you to finance the entire purchase price of a home without making a down payment. What Is a 100% Financing Home Loan?

Finance 36

Finance Government Design Insurance 36

Quicken Loans

JUNE 23, 2021

With so much to think about when you’re applying for a mortgage, it’s hard to give even a second’s thought to how you actually make those monthly payments once you begin your repayment of the loan. Read on to get the information you need so that you never have to think about the mechanics of your mortgage payments again.

Mortgage 43

Mortgage Property Taxes Insurance Technology 43

Assurance Financial

SEPTEMBER 28, 2021

Owning a home may be the American dream, but paying off your mortgage early seems more like a far-fetched fantasy. It isn’t, and paying off your mortgage early could help you save thousands of dollars in interest, get rid of big monthly payments, and live lien-free! We have good news. Your payment would be around $596.77

Mortgage 36

Mortgage Investing Finance Loan Officers 36

PennyMac

MAY 12, 2022

A 30-year mortgage has long been the industry norm, and for good reason: It allows homebuyers to spread the loan out over a long period of time and keep payments as low as possible. But now that interest rates are still close to near historic lows, 15-year mortgages are becoming more popular. Is a 15-year mortgage right for you?

Mortgage 36

Mortgage Finance Property Taxes Loan Officers 36

Assurance Financial

NOVEMBER 28, 2023

Taking out your first mortgage is a huge life step. A mortgage is a critical tool to have — it allows you to become a homeowner without putting down hundreds of thousands of dollars on the spot, and it lets you pay off your loan over time. About 96% of first-time homebuyers finance the purchase with a mortgage.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

Housing Wire

APRIL 25, 2022

In Spokane, Washington, a mortgage loan officer at a regional bank has seen five borrowers qualify for a mortgage for one amount, only to have that number slashed a few months later. Depending on a specific property’s assessment, however, the increase can be much higher. No one knows how this will all play out.”.

Property Taxes 404

Property Taxes Government Appraisal Valuation 404

Housing Wire

FEBRUARY 2, 2022

Mortgage industry participants may disagree a great deal on several different topics. However, I expect that you would find no argument with the following statement: Mortgage lending is a highly competitive business. Make no mistake: the mortgage market has become more competitive.

Mortgage 392

Mortgage Retail Loan Officers Marketing 392

AmeriMac

JANUARY 30, 2024

What is a Reverse Mortgage Appraisal? A reverse mortgage appraisal is an evaluation of a property’s value to determine how much money can be borrowed through a reverse mortgage. The appraisal is important because it helps lenders assess the risk associated with the reverse mortgage loan.

Appraisal Process 36

Appraisal Process Mortgage Appraisal Appraisal Mortgage 36

Realvals

JUNE 18, 2023

Buying a Home When buying a home, an appraisal can help you in two ways. One, as way to know the value before making an offer, and two, for the mortgage process after making an offer. I have had many clients that want to make an offer without a contingency, or want to make sure their offer is competitive.

Appraisal 145

Appraisal Property Taxes Real Estate Market Value 145

Appraisal Today

MAY 26, 2023

Topics include: When can an FHA appraisal be completed “as-is” vs. “subject to”? I quit doing FHA appraisals in the mid-1980s because of the inspection requirements compared to conventional appraisals, that did not have the requirement. Owners with conservation easements can claim an income tax deduction.

Easement 52

Easement Contracts Appraisal Inspection 52

Assurance Financial

JUNE 14, 2021

These loans are perfect for borrowers with a strong credit history and the funds for a more substantial down payment. Conventional loans offer the ability to avoid the costs of mortgage insurance while also giving borrowers the option of fixed or adjustable rates. What is Private Mortgage Insurance? Downloadable Guides.

Insurance 69

Insurance Construction Mortgage Buyers 69