Housing Wire

NOVEMBER 20, 2023

If this is to happen, buyer agents and mortgage companies will be forced to adapt. In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. But loan officers now have a new value add for listing agents.

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Pre-approval Agents Loan Officer Seller concession 386

Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. billion in the first six months of 2023, according to data from Inside Mortgage Finance.

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Pre-approval Loans Finance Mortgages 385

Housing Wire

FEBRUARY 4, 2021

Qualify for the lowest mortgage rate you can. Fortunately, record-low mortgage rates can help offset those rising prices — that is, if you can snag them. To make sure you’re getting the best rate possible, take time to boost your credit score first. Get pre-approved before beginning your home search.

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Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

OCTOBER 1, 2020

Realtor.com and Rocket Mortgage , two of the biggest companies in the digital real estate space, have formed a key advertising partnership that their competitors are sure to notice. We send them a link to get digitally preapproved through Rocket Mortgage, and we alert the agent that they’re going through this flow. .”

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Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market.

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Loans Pre-approval Closing Marketing 321

Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. CEO Vishal Garg first announced the program at the Inman Connect conference in New York. Better.com originated $9.8

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Pre-approval Mortgages Finance Loans 360

Housing Wire

AUGUST 23, 2023

Better faced the deterioration of the mortgage market due to surging rates. Better plans to be a mortgage marketplace that sells its technology platform to other companies. In January 2023, Better announced a One-Day Mortgage. Better claims that it funded more than $100 billion in mortgage volume in six years since launch.

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Housing Wire

JUNE 20, 2023

Originators will use Figure’s online pre-application process to pre-qualify their customers, which then feeds directly to a digital fulfillment system supported by Figure. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. If they have a working relationship, they can usually get those things done pretty quickly.”.

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Pre-approval Inspection Lending Staging 437

Keeping Current Matters

JUNE 22, 2021

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Bottom Line.

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Keeping Current Matters

MAY 7, 2021

Mortgage pre-approval means a lender has reviewed your finances and, based on factors like your income, debt, and credit history, determined how much you’re qualified to borrow. In today’s market, connecting with a lender to get pre-approved may be the game-changer that helps you secure your dream home.

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RIS Media

SEPTEMBER 14, 2023

Before you buy a home, unless you have the cash to purchase outright, you’ll need to get pre-approved. Understanding how mortgage pre-approvals work is essential. This means finding a lender that offers the type of mortgage you want and then going through the pre-approval process.

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Housing Wire

DECEMBER 7, 2023

While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely. So how do we get there? Is there a role for Congress? Of course there is.

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Housing Wire

JANUARY 20, 2021

And not just research on the best down payment or neighborhood to live in – you should also search the right mortgage lender. . The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. The good news, it’s easy to find a mortgage lender. Buying a home?

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Keeping Current Matters

JANUARY 24, 2022

You may have heard that it’s important to get pre-approved for a mortgage at the beginning of the homebuying process, but what does that really mean, and why is it so important?

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Pre-approval Mortgages 261

Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. PrimeLending, led by president and CEO Steve Thompson, ranked as the 34th largest mortgage lender in the first quarter of 2023, with an estimated origination volume of $1.73

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Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. Know Your Credit History.

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Pre-approval Debt-to-income ratio Loans Banks 82

Housing Wire

MARCH 27, 2024

But for Real, which runs a virtual brokerage model with revenue sharing for its agents, the goal is to get better, not necessarily bigger. In addition to the firm’s revenue share program , which pays agents for recruiting productive agents, Real agents can also set up joint ventures through Real Title and One Real Mortgage.

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Brokerage Pre-approval Branding Agents 454

Keeping Current Matters

AUGUST 27, 2020

You may have heard that pre-approval is a great first step in the homebuying process. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. But why is it so important?

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Pre-approval Pre-qualification Loan Officer Lending 286

RIS Media

SEPTEMBER 1, 2023

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work?

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Realty Biz

APRIL 8, 2024

This includes checking your credit score, saving for a down payment, and getting pre-approved for a mortgage. Online mortgage calculators can provide a rough estimate, but getting pre-approved by a lender will give you a more accurate figure. What Is a Mortgage Pre-Approval?

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HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get Started 1. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer.

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Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000.

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Housing Wire

JUNE 25, 2021

You roll up your sleeves and get ready to go to war…a bidding war. Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. To get pre-approved, a lender will take a good look at your finances. Did you just find your dream home?

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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.

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Keeping Current Matters

OCTOBER 29, 2021

Applying for a mortgage is a big step towards homeownership , but it doesn’t need to be one you fear. When you’re ready, lean on your agent to connect you with a lender so you can get pre-approved and begin your home search. Some Highlights. Here are some tips to help you prepare.

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Keeping Current Matters

AUGUST 31, 2020

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. Buyers who are pre-approved are definitely a step ahead when it’s time to make an offer.

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Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Better’s loan origination system Tinman is powered by AWS.

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Housing Wire

MARCH 30, 2021

They can go online and understand their FICO score, but mortgage credit scores are different. By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Consumers have access to credit scores, more than ever,” Hydrew said.

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Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 436

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75

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Mortgages Loan Officer Pre-approval Fixed-rate mortgage 404

Housing Wire

DECEMBER 22, 2020

The mortgage application process can be a confusing one — especially if you’ve never gone through it before. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Here are the top five mortgage-related terms you’ll want in your arsenal: 1. Fixed-rate mortgage. Pre-approval.

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Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” Thanks to a number of fairly recent advancements, it’s getting a lot easier to buy or sell a home.

Industrial 377

Industrial Purchase and sale agreement Pre-approval Banks 377

Realty Biz

JANUARY 15, 2024

Before utilizing this option, many buyers will look to qualify for two mortgages instead. You can also get a second traditional mortgage and carry both until you sell. One risk is the possibility of carrying two mortgages simultaneously, which can strain your finances. What Are Ways to Finance the Purchase?

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Realtor.com

JANUARY 16, 2023

. “While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? To me, it’s that important.”

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Windemere Buying

MARCH 1, 2023

At every stop, you’ll get closer to the ultimate goal of purchasing your next home. Before you begin your home buying journey , it’s helpful to know about pre-approval, pre-qualification, and proof of funds, and the role they play in a real estate transaction. Pre-qualification usually only takes a few business days.

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Pre-qualification Pre-approval Proof of funds Loans 100

Realty Biz

AUGUST 21, 2023

When your mortgage pre-approval expires, it can impact your home-buying process. A pre-approval is crucial in determining your loan eligibility and understanding your purchasing power. A mortgage pre-approval is typically good for 60-90 days , so it is crucial to remember this time frame.

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Keeping Current Matters

JANUARY 22, 2021

From saving for your down payment to getting pre-approved for a mortgage, you’ll want to make sure you keep your financial plan on track from the beginning. Some Highlights. When you’re thinking about buying a home, there are a few key steps to take before you even start to look at houses.

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