Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues.

Mortgages 334

Mortgages Pre-approval Fixed-rate mortgage Loan Officer 334

Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

Pre-approval 47

Pre-approval Mortgages Loan Officer Loans 47

Housing Wire

APRIL 12, 2022

LO Toolkit supports loan officers on all key workflows across the entire loan process in one workspace, enabling them to be trusted advisors and operate more efficiently. It provides teams the power to close more loans, faster while reducing origination costs. Enable side-by-side loan scenarios. #3. LO ToolKit.

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Pre-approval Loan Officer Loans Closing 232

Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

Closing 365

Closing Mortgages Loan Officer Pre-approval 365

Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

Loans 321

Loans Pre-approval Closing Marketing 321

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

FHA loan 358

FHA loan Debt-to-income ratio Pre-approval VA loan 358

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgages 335

Mortgages Pre-approval Lending Loan Officer 335

Housing Wire

DECEMBER 22, 2020

Adjustable-rate loans have interest rates that fluctuate after a certain amount of time. Pre-approval. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. This is sometimes called “prequalification,” depending on your mortgage lender.

Fixed-rate mortgage 417

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 417

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.

Mortgages 395

Mortgages Pre-approval Banks Loan Officer 395

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Marketing 417

Marketing Fixed-rate mortgage Loan Officer Pre-approval 417

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

Marketing 384

Marketing Loan Officer Pre-approval Mortgages 384

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.

Mortgages 404

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 404

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Kortas said he actually trains his competition and his licensing team helps loan officers get licenses because that will make the environment stronger in the long run.

Mortgages 365

Mortgages Loan Officer Lending Pre-approval 365

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 Officer 366

Loan Officer Loans Pre-approval Mortgages 366

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Loan Officer 353

Loan Officer Pre-approval Loans Agents 353

Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

Pre-approval 302

Pre-approval Technology Title Loans 302

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Pre-approval 284

Pre-approval Equity Loan Officer Brokerage 284

Realty Biz

DECEMBER 20, 2021

According to a new report, choosing the right lender or loan officer is by far the most important decision you will make when entering into a new home transaction. Pre-approval. When you’ve decided which lender to use, you need to begin the pre-approval process. Finding that Perfect House.

Pre-approval 113

Pre-approval Loan Officer Loans Finance 113

Housing Wire

OCTOBER 5, 2021

Lead management needs to meet borrower experience, and borrower experience and loan officer experience should unify in one platform. With the Financial Services Cloud industry data model, users can accelerate innovations leveraging automation, workflows, triggers, journeys and approvals.

Mortgages 249

Mortgages Pre-approval Lending Loans 249

Realty Biz

DECEMBER 14, 2021

According to a new report, choosing the right lender or loan officer is by far the most important decision you will make when entering into a new home transaction. Pre-approval. When you’ve decided which lender to use, you need to begin the pre-approval process. Finding that Perfect House.

Pre-approval 109

Pre-approval Loan Officer Loans Finance 109

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. Often times I’ll come in on a Monday and I’ll have emails saying that clients put offers in on homes and had them accepted even though we didn’t write up a pre-approval level,” Naumovych said.

VA loan 380

VA loan Agents Pre-approval Debt-to-income ratio 380

Keller Williams

AUGUST 17, 2022

Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. As a partner of Keller Williams, our loan officers are here to provide your clients with the easiest home financing experience available,” says Ball. “We

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Housing Wire

MAY 12, 2022

Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human. This is not an Amazon order.

Lending 294

Lending Marketing Pre-qualification Pre-approval 294

RIS Media

MAY 4, 2022

By combining their purpose-built platform of Online Self Study (OSS) with personalized feedback, professional education provider, The CE Shop, has announced it now offers a more engaging and modern approach to taking NMLS-approved courses. The CE Shop’s mortgage courses are available in every state plus the U.S.

Pre-approval 76

Pre-approval Loan Officer Inspection Industrial 76

Housing Wire

AUGUST 31, 2020

In creating its AutomatIQ Borrower solution, CoreLogic aimed to provide one consistent, objective and transparent workflow that lenders could leverage to validate applicants from pre-qualification to closing. And it’s Day 1 Certainty approved.”. But we don’t.

Pre-qualification 215

Pre-qualification Pre-approval Loan Officer Loans 215

Realtor.com

APRIL 29, 2021

To avoid this fate, make sure to crunch your numbers in our mortgage calculator or a home affordability calculator , and apply for mortgage pre-approval to see just where you stand in terms of how much house you can afford. Pre-qualification and pre-approval are essentially the same. Absolutely not.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

RIS Media

AUGUST 19, 2021

“With Rocket Mortgage, I’m able to get people approved fairly quickly, and they are as flexible and available to me as I am to my client,” says DaCosta, an agent at Better Homes and Gardens Real Estate Metro Brokers. “I also have two loan reps who are there when I’m putting in a loan referral.”

Pre-approval 94

Pre-approval Mortgages Loan Officer Marketing 94

Realtor.com

DECEMBER 20, 2021

. “The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , “Then ask each of them how much down payment you’ll need for pre-approval for a mortgage.” an agent with Century 21 Envision in Upper Marlboro, MD.

Pre-approval 137

Pre-approval Loans Loan Officer VA loan 137

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. That referral process is an age old, where the real estate community will give up a third of their commission for being delivered a qualified, pre-approved borrower that came out of the relocation world.

Loan Officer 294

Loan Officer Loans Pre-approval Mortgages 294

Real Trends

JUNE 14, 2023

You’ll find a list of questions below to ask your loan officer contacts over coffee. Questions to ask any mortgage lender you may work with What types of loans does your company specialize in? What are your credit requirements for your lowest interest rate loans? Is there a cap? Note: They are required to do so by law.)

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Pre-approval Mortgages Loans Loan Officer 66

Redfin

AUGUST 13, 2020

Clearing your way to get approved for a home loan will ensure that you are ready to act when that dream home appears on the housing market. Follow these ten steps for how to get a home loan and put a plan in place to finance what will most likely be the biggest purchase of your life. Step 1: Know your credit score.

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Pre-approval Loans Pre-qualification Banks 70

RIS Media

JUNE 2, 2021

” “Where can I get pre-approved for my next home?” Our loan officers are looking forward to the new tool.” “This is a great opportunity for all parties” said Buyside Chief Revenue Officer, Ashley Terrell. ” “What can I do with the sale proceeds?”

Pre-approval 76

Pre-approval Lending Loan Officer Equity 76

Housing Wire

SEPTEMBER 14, 2020

But when should the lender inject the loan officer or consultant into the process? Can the borrower shop for a loan anonymously? But without enough information about the borrower, the lender will struggle to provide a pre-approval. How early in the process must the borrower be identified?

Lending 442

Lending Mortgages Technology Loans 442

Realty Biz

MARCH 9, 2021

Getting Pre-Approved for the Family Opportunity Loan. Getting a pre-approval letter from a lender for the Family Opportunity Loan is almost identical to getting approved for any conventional mortgage. The borrowers will need to present documents showing their income for the past 2 years.

Pre-approval 144

Pre-approval Earnest money deposit Debt-to-income ratio Loans 144

RIS Media

JUNE 30, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools, but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset,” said Charles J. .”

Pre-approval 65

Pre-approval Equity Loan Officer Title 65

Redfin

APRIL 7, 2023

Get pre-approved for a mortgage My advice to first-time homebuyers is to find a good loan officer and get pre-approved, fully underwritten approval is best. Work with that loan officer and their agent to understand what timeframes they’re comfortable with in an offer.

Pre-approval 57

Pre-approval Agents Pre-qualification Debt-to-income ratio 57

Realty Biz

SEPTEMBER 30, 2023

Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance. They can help you navigate the mortgage process and identify suitable options based on your financial situation and provide you with a pre-approval.

Finance 98

Finance Debt-to-income ratio FHA loan Mortgages 98