Housing Wire

AUGUST 14, 2023

Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month. During the first quarter of 2023, title insurers brought in $3.37

Title 357

Title Closing costs Finance Land 357

Housing Wire

APRIL 18, 2023

Mortgage firms have also focused on becoming more efficient and reducing other types of overhead, including fixed costs, like office space, and travel budgets or similar items. However, it still appears that lenders are focusing their technology investments on the point of sale. This year, thus far, has been anything but that.

Mortgages 357

Mortgages Technology Closing costs Title 357

Housing Wire

MARCH 9, 2023

The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico. “We One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers.

Title 393

Title Closing costs Finance Land 393

Housing Wire

MAY 12, 2022

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. Rates are rising.

Lending 312

Lending Marketing Pre-qualification Pre-approval 312

Housing Wire

MAY 23, 2022

These digital solutions, especially those offered by ServiceLink, work just as well in the home equity title/close process. Technology equals efficiency. A lot of lenders haven’t spent much money on technology for home equity processes. They include automated title, digital signing solutions and eClosing offerings.

Equity 335

Equity Title Technology Loans 335

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs).

FHA loan 309

FHA loan Renovation Equity Loans 309

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs 340

Closing costs Title Lending Loans 340

Housing Wire

NOVEMBER 30, 2022

Last year, Voxtur was selected as a TECH100 mortgage honoree for its work in empowering the real estate industry to become faster, more efficient and more cost-effective than ever before. The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. “The

Industrial 335

Industrial Title Lending Technology 335

Housing Wire

MARCH 22, 2023

HousingWire recently spoke to Tom Kriby, vice president of client development and partnerships at Westwood Insurance Agency, about how working with an insurance agency can simplify the closing process for their customers, even in times of interest rate uncertainty. HW: How does working with an insurance agency simplify the closing process?

Debt-to-income ratio 371

Debt-to-income ratio Closing Loans Closing costs 371

Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. trillion in single-family loans in 2021, about two-thirds of which were refinances. It reported $2.7 Overall, Freddie Mac purchased $1.22

Loan Officer 392

Loan Officer Finance Loans Banks 392

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 374

Marketing Title Closing costs Technology 374

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The resources help families with 80% or less of the area median income for down payments or closing costs, for example. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 342

Banks Loans Equity Finance 342

Housing Wire

FEBRUARY 23, 2023

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. When the application is complete, the loan originators give borrowers a customized needs list and a secure document upload link. “As

Pre-approval 284

Pre-approval Loans Closing costs Mortgages 284

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Housing Wire

DECEMBER 26, 2022

In addition, nearly $69 billion in HELOC credit limits and $27 billion in closed-end home-equity loans were originated over the first five months of 2021. What happened to the market?’”. At many title firms, the slowdown in homebuyer demand, due to rising mortgage rates and higher home prices, meant a decrease in order volumes.

Title 474

Title Industrial Closing costs Closing 474

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Making a loan is all about understanding who a person is and what risk they represent. Think back on all the major financial decisions you’ve made since entering adulthood. Perhaps your list starts with renting your first apartment or buying your first car.

Banks 482

Banks Loans Technology Mortgages 482

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 309

Lending Banks Loan Officer Loans 309

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. The buyer typically covers the cost of the appraisal. Home Inspection.

Inspection 424

Inspection Closing Closing costs Title search 424

Housing Wire

SEPTEMBER 16, 2020

Let’s start with the recent 30-year fixed rate cash-out refinance, which was introduced last week on conventional loans, with rates between 2.5% So that means that if they’re doing a cash-out and they have a 70 loan-to-value, Fannie Mae will charge them three quarters of a point. and 2.99%. UWM CEO Mat Ishbia. only pays 1.5

Mortgages 457

Mortgages Marketing Title Loans 457

Housing Wire

OCTOBER 13, 2022

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference. In some ways it could cost them more. This is a top priority for ALTA.”.

Title 309

Title Closing costs Title search Closing 309

Housing Wire

DECEMBER 19, 2022

While the current mortgage market works against its refi-focused call center business model, Rocket’s parent Rocket Companies is betting big on the strength of its platform: a single sign-on solution for the entire Rocket ecosystem consisting of real estate services, personal loans, used cars and rooftop solar systems through subsidiaries.

Mortgages 389

Mortgages Loans Finance Industrial 389

Housing Wire

DECEMBER 7, 2020

This is why a centerpiece of the campaign’s homeownership agenda is a new, refundable and advanceable down payment tax credit of up to $15,000, which would be available to targeted first-time homebuyers at the closing table. Presented by: Quicken Loans Mortgage Solutions. With home equity accounting for a quarter of total U.S.

FHA loan 483

FHA loan Debt-to-income ratio Loans Equity 483

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

Closing 238

Closing Marketing Title Title search 238

Housing Wire

MAY 17, 2023

Meanwhile, Rocket is as committed as ever to becoming a fintech company and reducing its customer acquisition cost by adding more consumer-focused products, such as the app Rocket Money. Flávia Furlan Nunes : Where is Rocket in its journey of becoming a fintech and reducing the cost to acquire a client? Then you add 2.5

Marketing 319

Marketing Banks Mortgages Industrial 319

Realty Biz

JANUARY 19, 2024

Take a close look at your income, expenses, and existing debts. Research different types of mortgages available, such as conventional, FHA, or VA loans. Research different types of mortgages available, such as conventional, FHA, or VA loans. Understanding the basics of home buying and getting prepared financially is critical.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Marco Santarelli

MAY 30, 2024

The 0% Down Purchase Program offers a unique opportunity for qualified borrowers to receive a 3% down payment assistance loan up to $15,000 from UWM. This program is a testament to UWM's commitment to supporting independent mortgage brokers with industry-leading training, technology, and service.

Equity 52

Equity Banks Loans Mortgages 52

Norada Real Estate

MAY 30, 2024

The 0% Down Purchase Program offers a unique opportunity for qualified borrowers to receive a 3% down payment assistance loan up to $15,000 from UWM. The 0% Down Purchase Program offers a unique opportunity for qualified borrowers to receive a 3% down payment assistance loan up to $15,000 from UWM.

Mortgages 52

Mortgages Equity Banks Loans 52

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 106

Finance VA loan FHA loan Agents 106

Marco Santarelli

APRIL 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. The changes, which are set to take effect on May 1, 2023, will impact the pricing structure of mortgages for borrowers.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? How is a mortgage rate determined?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

HomeLight

JANUARY 30, 2024

When you’re planning to live in a new state, the cost of living there will be a combination of expenses required to maintain your desired lifestyle. Statista , a leading market data platform, defines “cost of living” as “the monetary cost of goods and services necessary to maintaining a certain standard of living.”

Home sale contingency 105

Home sale contingency Closing costs Technology Sales 105

HomeLight

JANUARY 30, 2024

The best way to figure this out is to determine the Vermont cost of living and how it compares to where you currently live. In this guide, we break down what makes up the cost of living in Vermont, from housing expenses to food and healthcare costs. Other cities or regions are then compared against this benchmark.

Home sale contingency 100

Home sale contingency Closing costs Technology Sales 100

HomeLight

JANUARY 22, 2024

If you’re considering moving to Wyoming, you might be wondering, “What is the cost of living?” This guide breaks down the cost of living in Wyoming, from housing to food or healthcare expenses. We’ll provide data from various state cost-of-living index tools and compare how Wyoming ranks nationwide regarding livability.

Home sale contingency 103

Home sale contingency Closing costs Technology As-is 103

HomeLight

JANUARY 22, 2024

When you’re planning to live in a new state, the cost of living there will be a combination of expenses required to maintain your desired lifestyle. Statista , a leading market data platform, defines “cost of living” as “the monetary cost of goods and services necessary to maintaining a certain standard of living.”

Home sale contingency 104

Home sale contingency Closing costs Technology As-is 104

Realty Biz

DECEMBER 13, 2022

Flyhomes is a technology company focusing on real estate brokerage that helps home buyers, sellers, and agents work together to get the job done. Flyhomes will buy the home at the same price and terms if you can't close the deal. Later, you pay Flyhomes the same selling price and finalize your mortgage loan. What is Flyhomes?

Pre-approval 66

Pre-approval Closing costs Loans Technology 66

HomeLight

JANUARY 22, 2024

Learn More What makes up the ‘cost of living’ in Oregon? The “cost of living” in a state or city is based on a combination of expenses required to maintain your desired lifestyle. ” This overall cost will vary significantly based on location, even within the state. It’s free for personal use.

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Home sale contingency Closing costs Technology Sales 90