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Are these factors creating chaos in your mortgage lending ops?

Housing Wire

For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? When the squeeze is on, lenders must offer higher levels of customer satisfaction, lower costs or both to remain competitive.

Lending 279
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Opinion: The pros and cons of VA modernization bill

Housing Wire

When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.

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7 best real estate classes in Ohio (OH) for 2024

Housing Wire

Buying Options See Details Pricing Education Type* Starting at Package Features Prelicense $1,499 Basic: 120 Hrs of OH Pre-Licensing Coursework. When you buy through our links, we may earn a commission. Brimming with coursework that is up to date with current trends, expect to receive insight on issues facing Ohio real estate agents today.

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Looking to Buy in Philly or Pittsburgh? Consider Down Payment Assistance in Pennsylvania!

HomeLight

With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. While paying for your home in cash sounds like a dream, most first-time homebuyers use a loan to buy the house. As of the fourth quarter of 2021, median home prices in Pennsylvania were $543,830.

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Uprooting for Work? Here’s How to Negotiate a Relocation Package

HomeLight

Inspections : Varies based on location, with a national average of around $328 . Some relocation packages offer a relocation mortgage , a loan that allows your employer to make financial contributions to your mortgage in various ways. Ask your employer’s HR department if they have a relocation policy or benefits to offer.

HR 103
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Senate passes VA appraisal modernization bill

Housing Wire

Department of Veterans Affairs (VA) mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals, and in some circumstances, waiving appraisals altogether. . It is expected to be signed by President Joe Biden.

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