Housing Wire

JULY 20, 2023

These rules apply whether the lender is a bank or a non-bank; although, consumers have significantly more protections with non-banks in the realm of licensing requirements and CFPB supervision. Loan originators acting as realtors should be licensed, free of conflicts of interest, and with full disclosure.

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Mortgages Banks Loans Finance 315

Housing Wire

DECEMBER 7, 2023

You’ll want to choose a program that gives you flexibility to fit your schedule and timeline for getting licensed in MA, while preparing you to pass the state exam on your first try, and successfully launch your new career. After completing an approved course of study, you’ll be able to sit the state real estate exam.

HR 361

HR Pre-approval Brokerage Commercial 361

Housing Wire

SEPTEMBER 11, 2023

Currently licensed in 18 states, Cliffco plans to expand its footprint to 40 states by 2024. We plan to use bots in terms of automation for our disclosures. The lender has about 80 loan officers and aims to hire up to 100 in states. The more we can lean on technology, the cost per file becomes that much lower.

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Loan Officer Agents Loans Technology 386

Housing Wire

MARCH 27, 2024

And before getting my real estate license in 2009, I had the same opinion, too. My take on the case First and foremost, this case may cause many real estate agents to bail from the industry, but with NAR reporting over 3 million people having a real estate license (due to an extremely low barrier to entry), is that necessarily a bad thing?

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Purchase and sale agreement Agents MLS Brokerage 298

Housing Wire

JULY 6, 2023

Better’s financial performance began to deteriorate in the second half of 2021 and continued through the first quarter of 2023 as a result of numerous factors, including elevated mortgage rates , damage to its reputation from negative media coverage and continued investments in its business, the disclosure states.

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Loans Mortgages Agents Brokerage 368

Housing Wire

FEBRUARY 7, 2022

Their data must be collected, verified and entered again into the LOS by the processor, and accurately populated into disclosures. Licensing alone requires in-depth local knowledge of practices and which sources can be used for verification. That was our goal when we created Closepin.

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Loans Due diligence Title Technology 334

Housing Wire

AUGUST 3, 2022

Licensed in 49 states across the nation, the lender has 159 active branches nationwide and originated $31.8 In 2021 I was reviewing about 50 to 100 loans a day,” said a former disclosure specialist who was laid off in 2022. billion in mortgages in 2021. billion in the first six months of 2022, down 42.7%

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Bankruptcy Loan Officer Mortgages Loans 417

Housing Wire

JANUARY 15, 2021

In all, Porch spend $122 million, according to disclosures made to the Securities and Exchanges Commission. The big acquisition is for Homeowners of America, an insurance company that operates in six states and is licensed in 31 more. How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Technology 358

Technology Inspection Investor Industrial 358

Housing Wire

NOVEMBER 19, 2020

The Department of Justice (DOJ) filed a lawsuit against the National Association of Realtors (NAR) on Thursday, alleging a series of violations of antitrust law, including commission arrangements and consumer disclosure requirements.

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Purchase and sale agreement MLS As-is Sales 545

Housing Wire

SEPTEMBER 19, 2023

A licensed appraiser conducts the evaluation and considers the condition of the property, the location and sales of comparable properties (comps) in the area. Some non-disclosure states don’t allow home sales price data to be available to the public, so your client will need you even more. What is a real estate appraisal?

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Agents Inspection Sales Commercial 445

Housing Wire

MAY 27, 2022

Kully expects tweaks will be made so the systems “start to provide information, so that lenders can make those required disclosures.”. Others expressed support for the use of AVMs, while some said they prefer valuations by licensed appraisers because it is easier to understand than AVM methods.

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Lending Principal Technology Mortgages 417

RIS Media

SEPTEMBER 20, 2021

As more and more climate change-fueled extreme weather events—from historic hurricanes to unexpected summer downpours—affect homes, one issue anyone selling or buying a home needs to be aware of is disclosure. ALABAMA — GRADE: F. ” The in the 2011 court case Barton v. ” ARKANSAS — GRADE: F. ” In Jehly v.

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Design Purchase and sale agreement Agents Seller disclosure 105

Housing Wire

FEBRUARY 20, 2024

And then you have non-licensed states, like Missouri, for example, where I am, where it’s really important to use an ASHI-certified inspector [or an InterNACHI-certified inspector] because we set a standard of practice,” Goodman added. “And They’re only supposed to look and report on things that are present and visible,” he added.

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Inspection Inspection contingency Purchase and sale agreement Residential 401

HomeLight

SEPTEMBER 1, 2023

In fact, some states require a licensed real estate attorney to conduct the closing of your home sale. For the most up to date information on laws in your state, reach out to a real estate attorney or other qualified licensed professional. Buying or selling a home isn’t always as straightforward as it seems.

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Closing Title Closing costs Agents 110

HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in Texas or using a seller’s disclosure form in Texas, HomeLight always encourages you to reach out to your own advisor. What is a seller’s disclosure? Find a Top Agent to Help You Navigate Disclosures. Find Agent.

Seller disclosure 100

Seller disclosure Homeowner’s association Due diligence Agents 100

Housing Wire

AUGUST 5, 2020

RA : Our Government Affairs committee, spearheaded by mortgage broker Chris Bettis, is reviewing the current HMDA disclosure requirements. 2570 – The Mortgage Fairness Act of 2017 – which eliminated lender paid compensation from the points and fees cap under the QM rule, as it successfully passed the House Financial Services committee.

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Lending Loans Development Mortgages 370

Point2Homes

JULY 29, 2021

The final stage in closing on a home involves all of the paperwork: You’ll need to sign disclosures, disclaimers, and contracts before ownership of the home is transferred to you and you get the keys. Escrow: This disclosure explains the insurance and tax charges that are part of your monthly mortgage payments.

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Closing VA loan FHA loan Loans 141

HomeLight

OCTOBER 12, 2022

If you need assistance navigating the legalities of what to include on a home seller disclosure form in Utah, HomeLight always encourages you to reach out to your own advisor. We’ve consulted with a top real estate agent and researched items that must be disclosed to help make sense out of the seller disclosure form in Utah.

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Seller disclosure Purchase and sale agreement Homeowner’s association Inspection 103

HomeLight

JANUARY 22, 2024

Fast facts about selling a house ‘as is’ in Colorado Median sales price in Colorado $545,000 Average days on market (DOM) for Colorado 50 Disclosures Colorado law requires sellers to disclose material facts about the property through the Colorado Seller’s Property Disclosure Form. MLS has a field to mark a listing “as is”?

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As-is Inspection Finance Investor 104

Housing Wire

NOVEMBER 10, 2022

When you do a loan, US employees used to have to do early closing disclosures. The company has licenses in 49 states, 387 branches and 491 active loan officers. As of July 15 this year, InGenius’ data shows there were 276,837 licensed loan officers in the country. That’s when outsourcing impacted our day to day jobs.

Mortgages 368

Mortgages Loan Officer Banks Lending 368

HomeLight

OCTOBER 17, 2022

If you need assistance navigating the legalities of what to include on a PA seller disclosure form, HomeLight always encourages you to reach out to your own advisor. So, you’re getting ready to sell your Pennsylvania home, and among the many documents you’ll be signing in the process is a disclosure statement. Find Agent.

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Purchase and sale agreement Seller disclosure Inspection Agents 98

The Close

JULY 24, 2023

If you’re looking for a dual agency disclosure template, we’ve developed one for you to customize for your clients. Always remember to review it with your broker to ensure it meets your state’s specific disclosure requirements. Download Dual Agency Disclosure Template What Is Dual Agency versus Designated Agency ?

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Design Agents Brokerage Inspection 97

RIS Media

MARCH 2, 2022

Death disclosure requirements vary state to state. Understand the disclosure requirements in the state(s) you’re licensed in. If a listing has a checkered past, take the time to research what really happened and what the sellers have done to remedy those issues to sell the home. Death Stigma.

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Agents Marketing Industrial Mortgages 98

HomeLight

DECEMBER 29, 2023

A good time to fill out Seller’s Disclosure Statement for Residential Property is before listing your home or requesting an offer so that you know it’s taken care of. No matter what method you choose to sell your home, you must make these disclosures to the best of your ability. What problems do you have to disclose in Missouri?

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As-is Inspection Finance Investor 97

HomeLight

OCTOBER 20, 2022

If you need assistance navigating the legalities of what to disclose when selling a home in New Jersey (NJ) or using seller disclosure forms, HomeLight always encourages you to reach out to your own advisor. Find a Top Agent to Help You Navigate Disclosures. The lead paint disclosure is the only form sellers must complete.

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Purchase and sale agreement Inspection Construction Land 100

The Close

JULY 14, 2023

Getting your Arizona real estate license is a relatively simple process. The courses are separated because you don’t need to complete the contract-writing course before the license exam, but you will need it to apply for your license. As in other states, Arizona requires real estate agents to work under a licensed broker.

Brokerage 52

Brokerage Agents As-is Closing 52

RIS Media

NOVEMBER 26, 2020

You can also be ready with contact information for the local floodplain manager, a few licensed surveyors and/or professional engineers who can answer property-specific questions and offer options to mitigate flood risk. The National Association of REALTORS® (NAR) policy supports realtor.com®’

Commercial 115

Commercial Inspection Agents Loans 115

HomeLight

DECEMBER 29, 2023

Fast facts about selling a house ‘as is’ in Oklahoma Median sales price in Oklahoma $235,000 Average days on market (DOM) for Oklahoma 44 days Disclosures Oklahoma law requires sellers to disclose material facts about the property through the Residential Property Condition Disclosure Statement.

As-is 100

As-is Inspection Finance Investor 100

HomeLight

OCTOBER 13, 2021

You can use your state-issued driver’s license (or identification-only card) or your passport. Closing Disclosure. The Closing Disclosure is a document from your lender that breaks down the terms of the loan and your closing costs. Escrow disclosure. Source: (DocuSign / Unsplash). Loan application.

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Closing Purchase and sale agreement Title Inspection contingency 96

Realty Biz

DECEMBER 2, 2020

Non-Disclosure Agreement (NDA) business concept. This is when real estate disclosures come into the picture. This is when real estate disclosures come into the picture. Real Estate Disclosure and Its Importance. Property disclosure agreements protect homebuyers from these kinds of fraud.

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Purchase and sale agreement MLS Inspection Investor 78

The Close

JULY 8, 2023

But in order to connect residents of the Gem State with the properties of their dreams, you’ll need to first learn how to get your real estate license here. How Much Does It Cost to Get a Real Estate License in Idaho? It costs approximately $1,100 to get your real estate license in Idaho, including your prelicensing education.

Agents 101

Agents Purchase and sale agreement Brokerage Closing 101

Redfin

MARCH 14, 2022

One of these critical documents is called a seller’s disclosure. . A seller’s disclosure, also known as a property disclosure, is a document that sellers are legally required to provide buyers. Why is a seller’s disclosure important? A seller’s disclosure is a legal document protecting both the seller and the buyer.

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Purchase and sale agreement Due diligence Seller disclosure Inspection 68

HomeLight

MAY 28, 2021

Seller disclosures. In many states, seller disclosure forms are required to complete a real estate transaction. So the information you’re getting on a seller’s disclosure may or may not be complete.”. Verify your inspector’s licensing. Go back to your seller’s disclosure. Consider a contractor assessment.

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Inspection contingency Inspection Seller disclosure Due diligence 87

HomeLight

JANUARY 29, 2021

For instance, while real estate agents are experts on local housing markets, they do not have a license to answer questions about legal and financial issues that affect sellers. Nearly three-quarters of licensed real estate agents in the U.S. If you require legal advice on a complicated disclosure issue, consult a licensed attorney.

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Agents Purchase and sale agreement Seller disclosure Sales 96

HomeLight

JANUARY 10, 2023

For example, the California Association of Realtors (CAR) lists no fewer than 10 disclosure forms required for nearly all residential real estate transactions, with dozens of additional stipulations and advisories for buyers and sellers to know about. Step 2: Fill out your disclosure forms. Transfer Disclosure Statement.

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Purchase and sale agreement Natural hazards disclosure Inspection Title 99

The Close

AUGUST 4, 2023

But in order to connect residents of the Magnolia State with the properties of their dreams, you’ll need to first learn how to get your real estate license here. How Much Does It Cost to Get a Real Estate License in Mississippi? Some of the costs are fixed, such as the state’s licensing and exam fees, and others vary.

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Agents Brokerage Closing Technology 52

Kyle Handy

APRIL 8, 2023

To successfully navigate this path, it’s important to understand the necessary steps and requirements to obtain your license and start your journey in the real estate industry. Each aspiring agent must complete 180 classroom hours of pre-licensing education covering real estate finance, contract law, and real estate principles.

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Pre-qualification Pre-approval Agents Finance 82