Housing Wire

APRIL 9, 2024

It’s not often that we can draw a parallel between the automobile industry and the mortgage and real estate industries. The mortgage industry has been awaiting its own “Model T” introduction for quite some time. Yes, the world of mortgage and real estate has come a long way in just a few short years. Sound familiar?

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Housing Wire

MARCH 1, 2024

While mortgage rates will likely fall this year, conversations about how to increase accessibility to homeownership are still top of mind — and should be top of mind — across the real estate industry. According to NAR , elevated home prices , mortgage rates and a limited supply of homes are the top barriers to homeownership.

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Housing Wire

MAY 28, 2023

Debt-ceiling drama pushed bond yields up last week, taking mortgage rates to a new 2023 high in the middle of the spring home-selling season. Mortgage rates rose to a 2023 year high of 7.12% as the debt ceiling talks pushed bond yields higher. We might get some short-term reprieve in bond yields and mortgage stress.

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Housing Wire

SEPTEMBER 19, 2023

One of the challenges in discussing what the mortgage industry needs to do next is figuring out what’s actually coming next. Reining in costs In all of 2022 and through the first half of 2023, the average mortgage lender lost money on every mortgage it originated. The consensus was… there really was no consensus.

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Housing Wire

JANUARY 9, 2023

So, is this the traditional seasonal decline we see during every December/January, or have falling mortgage rates (since mid November) contributed to this? Before these two weeks, purchase applications had seven weeks of positive data, tracking with the drop in mortgage rates from 7.37% in November to 6.12%. Historically, the U.S.

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Housing Wire

APRIL 2, 2021

5 reasons to refinance your mortgage right now. If you’re suddenly dipping into your savings to get by, or having to get a part-time job to afford your mortgage, a smaller home might be your best option. Why spend the money on a mortgage for a house you’re barely using? Here’s how to get an instant offer on your home.

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Housing Wire

JANUARY 6, 2022

If the loan modification package is found to be RON eligible, Covius will tag the signature lines for eSign and RON recognition, and it will initiate the scheduling process with the borrowers. Boston-based Stavvy specializes in eClosings and remote online notarization (RON) services for the mortgage and real estate industry.

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Loans Technology Investor Mortgages 414

Housing Wire

AUGUST 2, 2021

“The combination of First American and Docutech is driving the digital transformation of the real estate closing process forward through collateral file management from the inception of the mortgage process through post-closing,” said Amy Brandt, president of First American Docutech. Amy Brandt, President of First American Docutech.

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Housing Wire

OCTOBER 4, 2022

As more of the mortgage process becomes digital, RON has been proving to be a powerful part of the tech transformation for industry professionals. As an industry, we observed first-hand during the pandemic the transformative power technology has over the mortgage origination process, especially with the borrower’s experience at closing.

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Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. Amanda Hill: There will be a lot of eyes on rising mortgage rates and inventory of available homes for sale.

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Housing Wire

OCTOBER 11, 2022

The mortgage industry needs to face the facts: today’s approach to lead generation is broken. For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans.

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Housing Wire

OCTOBER 4, 2023

This average price tag quickly jumps in popular states such as California, where it comes in at $744,280, and in Washington State, where a house costs on average $574,114, according to August data from Zillow. That’s the second-highest since the association started tracking the data.

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Housing Wire

JULY 23, 2021

According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. While that’s still below the $548,250 minimum price tag requiring a jumbo loan, the higher average indicates big increases across the board.

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Housing Wire

FEBRUARY 28, 2023

HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. Specifically, when it comes to a core component in the mortgage tech stack like the PPE. That said, my concern lies first and foremost with the lender. AC: Absolutely.

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Housing Wire

AUGUST 31, 2021

Mortgage closings require tight coordination between many parties in a fragmented ecosystem, all of whom have their own systems and processes. Lenders no longer have to manually tag or QC documents after eSignature templates have been applied. Snapdocs is a true partner to lenders.

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Closing Loans Technology Mortgages 276

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.” and get a pre-approval for a mortgage from the comfort of your own laptop.

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Industrial Purchase and sale agreement Pre-approval Banks 387

RIS Media

JUNE 27, 2023

The cooling effect of elevated mortgage rates and affordability challenges on home prices has held firm in recent months, as new reports show that the price tags for homes in the U.S. have seen their first annual decline in over a decade. According to the latest S&P Case-Shiller Index, home prices decreased 1.2%

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Housing Wire

APRIL 30, 2021

Here’s what to expect in the mortgage application process. There are several reasons why a home with a high price tag might not appraise for as much. But what happens when the seller accepts that high offer and the home appraisal comes in far lower? . How to negotiate your home purchase offer. 5 first-time homebuyer mistakes to avoid.

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Loans As-is Closing Marketing 417

Broke Agent Media

JANUARY 17, 2023

Tag your leads. As long as you have a CRM, most CRMs allow you to tag a lead, whether it’s a first-time home buyer, an investor, an estate sale, or an expired listing. You can tag leads to filter them by category. . Once you tag them, you will have a solid idea of what your pipeline looks like. It’s simple.

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HomeLight

JANUARY 3, 2024

In this post, we’ll explain the “under contract” listing status tag. We’ll also share expert insights on how this tag and others might impact your homebuying plans. But what does “under contract” mean in real estate? Can you still make an offer on a home that’s “under contract”?

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Housing Wire

JULY 31, 2022

As the world races towards increased digitization, mortgage professionals are striving to keep up with the demand for convenient lending solutions that allow borrowers to navigate the process from the comfort of their own homes. The post-pandemic business landscape is totally different from what we were used to just a few years ago.

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Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

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Housing Wire

JUNE 15, 2022

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. Ways to Grow Your Mortgage Broker Business. Here are three tips that you can check to start growing your mortgage broker business.

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Housing Wire

MARCH 15, 2024

In fact, there aren’t many mortgage lenders, builders or real estate brokerages that haven’t at least fleetingly entertained the notion. Office buildings, retail spaces, industrial complexes and other CRE properties generally command higher price tags and offer greater revenue-generating potential compared to residential properties.

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RIS Media

JULY 25, 2023

Against the backdrop of further inventory strain and a relatively low mortgage rate environment, buyers seemed to rally in May, driving U.S. from April to May, marking the fourth consecutive month of growing price tags this… The post Annual Decline in Home Prices Continues as Monthly Gains Hold Firm appeared first on RISMedia.

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Housing Wire

SEPTEMBER 30, 2021

DocMagic was founded in 1987 when Iannitti wrote its business plan during his senior year of college, basing the initial technology on automating the collection and organization of mortgage loan documents. From the beginning, DocMagic has focused on delivering advanced, efficient and compliant mortgage technology solutions.

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Closing Technology Lending Loans 291

Housing Wire

MARCH 12, 2021

The modernization of mortgage originations in recent years has made customers expect a smart, push-button experience. million mortgages in long-term forbearance. million mortgages in long-term forbearance. Now it’s finally time to deliver this experience in servicing, and the timing has never been more urgent. .

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Housing Wire

AUGUST 1, 2021

The mortgage industry is looking to drive business results in a new digital environment where organizations must respond to change at an accelerated pace. The console allows settlement agents and their notaries to browse a complete document package and easily upload any additional documents that may be necessary.

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Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different? The post Mortgage lenders need to lean in to consumer expectations appeared first on HousingWire. if the option was available to them.

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Housing Wire

DECEMBER 8, 2021

This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag. Not even 5% mortgage rates in 2018 budged this data line too much. Higher mortgage rates haven’t materialized as expected. 2020 and 2021 easily each have over 6.2 However, it’s not happening.

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Keeping Current Matters

OCTOBER 5, 2020

Danielle Hale, Chief Economist at realtor.com , notes : “Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”. But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale.

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Sales Mortgages As-is Marketing 278

Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

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Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. When Angel Oak Mortgage Solutions launched seven years ago, we had to educate [brokers] on the non-QM space,” said John Jeanmonod, a vice president at the Atlanta-based non-QM lender. So you stop.”. Everyone bowed out.

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HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Appraisal contingency: Lenders typically require an appraisal to confirm the home’s value before approving a mortgage loan.

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GeekEstate

SEPTEMBER 27, 2021

RealStaq provides the systems and data building blocks required to develop and sustain scalable home shopping, renovating, and mortgage financing experiences. It licenses APIs that enable standardized compliant display of MLS data nationwide with 100% cross-referencing to all tax recorder, assessor and dozens of other relevant data sets.

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Marco Santarelli

APRIL 8, 2024

Expect sprawling luxury estates in certain areas to come with a multi-million dollar price tag, while cozy apartments will obviously be more affordable. Get Pre-Approved for a Mortgage: Knowing your budget beforehand is crucial. New York City might have a hefty price tag, but it also offers an unparalleled lifestyle.

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Broke Agent Media

FEBRUARY 14, 2023

BAM Key Details: As mortgage rates fall from their 2022 peaks and home prices come down from theirs, more sellers are returning to the market to meet increasing buyer demand. As rates drop, buyers signing up for a $3,000 mortgage payment can afford homes costing $60,000 more and roughly 84 square feet larger than October 2022.

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