Broke Agent Media

MAY 26, 2023

BAM Key Details: A new Zillow survey shows over half (55%) of buyers turn to real estate agents for financing advice. The top three concerns buyers discussed with agents include understanding mortgage costs (56%), understanding how much they can afford (45%), and researching mortgages and rates (41%).

Finance 52

Finance Agents Mortgages Banks 52

Housing Wire

JANUARY 10, 2023

Bank executives reportedly expressed concerns about “reputational risk” when financing large amounts of loans originated from other firms. As the largest bank lender to Black and Hispanic families for the last decade, we remain deeply committed to advancing racial equity in homeownership.”. That was good for no.

Closing 485

Closing Lending Banks Equity 485

Housing Wire

AUGUST 28, 2023

Better Home & Finance Holding , the digital lender that debuted on Nasdaq last week, reported a net loss of $135.4 In Q2, Better decided to wind down its in-house real estate agent business to focus on partnering with third-party real estate agents. bank – in April 2023. Total operating expenses dropped to $183.9

Purchase and sale agreement 370

Purchase and sale agreement Loans Banks Finance 370

Housing Wire

JULY 7, 2022

The annual interest rate for borrowings against the line of credit include, at Enact’s option, either a base rate or an adjusted-term SOFR (Secured Overnight Financing Rate] rate. Five banks are participating in extending the $200 million line of credit to enact. Securities and Exchange Commission (SEC).

Mortgages 410

Mortgages Banks Loans Finance 410

Housing Wire

SEPTEMBER 25, 2023

Just weeks after New York-based digital lender Better Home & Finance Holding went public , Better issued pink slips to employees in early September in a new round of layoffs, Insider reported. Better was ranked as the 59th largest lender in Q1 2023, plummeting from the 19th in 2021, according to Inside Mortgage Finance.

Title 421

Title Technology Finance Mortgages 421

HomeLight

SEPTEMBER 1, 2020

Not so fast: You need an REO buyer’s agent. Even experienced homebuyers who’ve already bought and sold a few homes will find the process much different, and they will also need an agent who specializes in REO sales. A “real estate owned,” or REO, home is one that’s owned by a bank. Source: Clara Lilley / Unsplash).

Banks 82

Banks Agents Sales Short sale 82

HomeLight

DECEMBER 19, 2023

But can you buy someone’s mortgage from the bank? Partner With a Top Agent Familiar With Assumable Mortgage Listings HomeLight can connect you with a top-performing real estate agent who understands the ins and outs of assumable mortgage listings in your market. We’d get in touch with the seller’s agent and lender.”

Banks 96

Banks Mortgages VA loan FHA loan 96

Housing Wire

MAY 10, 2022

Eric Hill, an Atlanta real estate agent representing a nationwide homebuilder, had a plan to help more than 100 homebuyers get mortgages. The Hill case is not a common occurrence in the world of housing finance, but it is far from rare. The problem: They did not qualify for the loans. Million — [Tampa, Florida].

Mortgages 397

Mortgages Marketing Loans Finance 397

Housing Wire

JANUARY 3, 2023

Lowrie was most recently the president and CEO of Dytrix , a fintech company that enables secure financial transactions that includes closing agent management and real-time wire/ACH transfer validation for institutions. Regina Lowrie, the first female chair of the Mortgage Bankers Association.

Industrial 458

Industrial Mortgages Banks Residential 458

Housing Wire

MARCH 1, 2023

“Having the most up-to-date market information at your fingertips is crucial for lenders to effectively communicate and engage with consumers to help educate them on financing options available when purchasing a home,” said Josh Lehr , senior director of partnerships and industry technology at Total Expert.

MLS 370

MLS Loan Officer Technology Loans 370

Housing Wire

JULY 16, 2021

Canadian customers can now work directly with the OJO concierge team to connect with local agents and mortgage professionals from Royal Bank of Canada , said Natalka Falcomer, who was named president of OJO Home Canada. This year alone, OJO Labs acquired real estate search site Movoto and personal finance platform Digs.

Marketing 421

Marketing Banks Finance Industrial 421

Housing Wire

JUNE 2, 2022

NCRC testers made inquiries about mortgage financing with a loan officer at Movement Mortgage, Dave Skow, on two occasions, four months apart, during 2021. NCRC has sought to gum up bank merger approvals with accusations of redlining , extracting more than $100 billion in community benefits agreements with banks.

Mortgages 397

Mortgages Loan Officer Lending Principal 397

Housing Wire

JANUARY 14, 2022

Founded in 2000, Scottsdale, Arizona-based HomeSmart is the seventh largest brokerage in the country by transaction sides, or how many times a HomeSmart agent represented the buyer or seller in a deal, according to RealTrends. A not insignificant component of HomeSmart’s finances is what is funneled to, and from, Widdows.

Brokerage 421

Brokerage Loan Officer Banks Agents 421

Housing Wire

JUNE 8, 2023

Nearly two-thirds of Americans say they are waiting for mortgage rates to drop before entering the market, according to a survey released this week by BMO Financial Group , the eight-largest bank in North America. Refinancing plans are also on hold: among those planning to refinance, 81% said they are waiting until rates drop.

Mortgages 384

Mortgages Land Loans Banks 384

Housing Wire

OCTOBER 5, 2023

The ranking was produced by RealTrends in partnership with Bank of America. Shirley Gary of Ansley Christie’s Real Estate ranked first in the “Individual Real Estate Agents Sides” list. Meanwhile, Tracy Allen of Coldwell Banker Realty in Honolulu, ranked first in the “Individual Real Estate Agents Volume” list.

Loan Officer 420

Loan Officer Mortgages Loans Banks 420

Keller Williams

AUGUST 17, 2022

The current real estate market may be shifting, but there is still plenty of opportunity for agents. Now is still a great time to get home financing.”. As a partner of Keller Williams, our loan officers are here to provide your clients with the easiest home financing experience available,” says Ball. Rates subject to change.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Realtor.com

JANUARY 9, 2023

Yet Shirshikov’s real estate agent suggested an unusual workaround, which they decided to run by the seller. “We spoke to the owner about owner financing,” Shirshikov says. We essentially sold him on getting the interest that the bank would otherwise collect for himself.” “We were able to lock in 6.5%

Finance 69

Finance Loans Mortgages Banks 69

Housing Wire

SEPTEMBER 1, 2023

Name Job Title Company Name Aaron Kardell Vice President of Product Lone Wolf Technologies Aayaam Kapoor Vice President of Product and Agency Real Estate Webmasters Amaly Quiroz Vice President of Transaction Operations eXp Realty Amy Gorce CEO REdistribute Andrew Binkley President Constellation Real Estate Group Ankur Bansal President of HomeLight (..)

Technology 450

Technology Development Title Lending 450

Housing Wire

FEBRUARY 14, 2024

Buy before you sell’ (BBYS) products like The Trade-In Mortgage powered by Calque eliminate the stressors caused by financing contingencies. It also arms the borrower’s real estate agent with a more powerful offer to win their client’s next property. Calque’s collaborative BBYS solution doesn’t disintermediate agents or lenders.

Backup offer 421

Backup offer Loan Officer Home sale contingency Branding 421

Housing Wire

AUGUST 13, 2021

We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets. Despite historically-low mortgage rates in the face of the COVID-19 pandemic, many banks began tightening underwriting requirements for approvals. And the idea is quickly gaining popularity.

Pre-qualification 410

Pre-qualification Pre-approval Equity Finance 410

Housing Wire

APRIL 12, 2023

Other challenges selected by mortgage professionals were relationships with real estate agents at 8.4%; competitiveness of rate sheet and underwriting problems at 5.8%; lender stability at 3.9%; competitiveness of product offerings at 1.9%. Lead generation ranked as the third biggest hurdle at 15.5% a loan officer in Washington noted.

Mortgages 397

Mortgages Loan Officer Marketing Seller concession 397

Housing Wire

NOVEMBER 1, 2022

Rocket is expected to post a loss in the third quarter, its first since going public in August 2020, and lose the title of largest originator to its rival, United Wholesale Mortgage , according to FactSet and Inside Mortgage Finance. Relationships with real estate agents. Her team disbanded and she left the industry.

Marketing 432

Marketing Loans Mortgages Finance 432

Housing Wire

FEBRUARY 23, 2024

The three areas in which AI is driving impact are mortgage banking, underwriting and servicing, Rocket CEO Varun Krishna shared with analysts during the latest earnings call. To the extent that you can get loans off your balance sheet faster, it lowers your financing costs. The BUY+ program provided borrowers a credit equal to 1.5%

Equity 421

Equity Bankruptcy Loans Mortgages 421

Housing Wire

JANUARY 18, 2024

issues per loan indicating the lack of appropriate controls by closing agents to identify and fix issues. Once inside the company’s system, perpetrators can reach out to customers via the employee’s email address but request them to send closing funds to the wrong bank account. On average, problematic loans had 2.2

Title 441

Title Banks Loans Closing 441

Housing Wire

JUNE 1, 2021

Budnick replaces Chris Stuart, who took a job as president of Place , a real estate technology platform for both brokers and agents. The daughter of a real estate agent, Budnick first went into finance, working with Bank of America. a company with a market value of nearly $700 billion.

Brokerage 353

Brokerage Technology Residential Banks 353

Housing Wire

AUGUST 4, 2022

Kasle also confirmed that Radius has its eyes on eventually launching a mortgage banking unit, which would allow the firm to underwrite and offer its own loan products as well as keep more of the profits in-house. The goal is to build and amplify the affiliated agents’ own brands, Kasle explained.

Lending 397

Lending Brokerage Mortgages Banks 397

Housing Wire

APRIL 17, 2023

NAF is looking for a 50/50 joint venture between the California-headquartered lender for virtually any size real estate brokerage, a larger agent team, a new home builder and a wholly-owned mortgage business. The two lenders will each own 50% stake in the JV.

Brokerage 384

Brokerage Banks Loan Officer Mortgages 384

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. That was just over 45% of the company’s mix, according to Inside Mortgage Finance. It just has not gone well.”.

Mortgages 522

Mortgages Marketing Lending Loans 522

Housing Wire

MAY 31, 2021

He formerly served as senior counsel for the Senate Committee on Banking, Housing, and Urban Affairs, and currently, he serves as senior counsel for the U.S. Senate Finance Committee. This content is exclusively for HW+ members. Start an HW+ Membership now for less than $1 per day.

Principal 407

Principal Banks Finance Mortgages 407

Housing Wire

MAY 11, 2022

The firm expects homebuyers to close a cash home purchase loan as fast as 10 business days without an appraisal or financing contingency. Presented by: Finance of America. Homepoint partnered with fintech mortgage company Accept.inc , which upgrades offers from qualified buyers to an all-cash bid.

Lending 384

Lending Loans Investor Finance 384

Housing Wire

APRIL 3, 2023

“We grew faster than any other company, and that is why we were able to raise $2 billion to invest in our agents,” Reffkin told attendees at the Inman Connect conference in late January. “If Layer in the instability in the banking ecosystem right now, and it’s even more challenging. billion and it had $1.5 Although it had $6.6

Banks 396

Banks Brokerage Closing As-is 396

Housing Wire

JANUARY 17, 2023

Chantilly, Virginia-headquartered mortgage bank Prosperity Home Mortgage saw mortgage origination volume plummet by 40% last year — at a time when mortgage rates had more than doubled, home prices remained elevated and the market suffered from a shortage of inventory. . billion in the past 12 months, down from $15.35

Mortgages 397

Mortgages VA loan Loans Banks 397

Housing Wire

FEBRUARY 27, 2023

Christy Soukhamneut has more than 25 years of experience in the mortgage industry and is currently Senior Vice President Mortgage Finance at Texas Capital Bank. Disclaimer: The views and opinions expressed in this article are those of the author and do not necessarily reflect the views and opinions of Texas Capital Bank.

Banks 410

Banks Finance Mortgages Technology 410

Housing Wire

DECEMBER 12, 2022

The mortgage lender’s overall origination volume dropped 54% from January to September compared to the same period in 2021, according to data from Inside Mortgage Finance. Bank Home Mortgage and Planet Home Lending. Bloomberg reported in August that the bank will likely shrink or eliminate the channel, citing unnamed sources.

Marketing 397

Marketing Lending Banks Loans 397

HomeLight

AUGUST 31, 2022

With the record amount of equity built up in homes over the last couple of years,” says top-performing agent Joseph Lawson of the Cabell Childress Group in Richmond, Virginia, “a lot of people are exploring ways to tap into this access to capital.”. Banks, credit unions, and other lenders each have their own criteria.

Equity 100

Equity Finance Loans Closing costs 100

HomeLight

NOVEMBER 30, 2023

Find an Agent To Help You Make Sense of Your Home Appraisal Working with a top agent can help you take the stress out of evaluating your low appraisal options. Find a Buyer's Agent Clearly, appraisals can be tricky, so we’ve turned to the experts to answer your most pressing appraisal questions.

Banks 111

Banks Finance Loans Lending 111

Housing Wire

OCTOBER 23, 2023

We usually represent the sell side of the deal and work with firms that range in size from small, one-office, 10-agent shops to the largest in the nation. This includes financials, organizational documents, agent productivity reports, operating metrics, vendor contracts, lease agreements, employment agreements, insurance documents, and more.

Due diligence 421

Due diligence Brokerage Staging Agents 421