Housing Wire

APRIL 30, 2024

After the release of proposed new rules for the Home Equity Conversion Mortgage (HECM) for Purchase (H4P) program late last year, the reverse mortgage industry expressed a lot of excitement. Certner cited fair lending concerns and the potential of undue borrower influence. They’re using it to help shape the process going forward.

Mortgages 351

Mortgages Closing costs Equity Construction 351

RIS Media

MAY 19, 2021

May vary widely between lenders and are not dependent on the cost of the loan. Items to Be Paid at Close of Escrow. Non-Recurring Costs Not Associated With the Lender. – Closing/escrow/settlement fee, title insurance, notary fee, recording fee, pest inspection, home inspection, home warranty.

Closing costs 115

Closing costs Closing VA loan Pre-approval 115

HomeLight

NOVEMBER 1, 2021

Industry experts estimate that sellers can expect to pay anywhere from 6% to 10% of their home’s purchase price in closing costs when it’s time to sell. To top it off, buyers sometimes ask sellers to pitch in for their closing costs, too — another 2% to 3% of the sales price. Typical seller closing costs.

Closing costs 75

Closing costs Closing Seller concession Purchase and sale agreement 75

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Agents Loan Officer Lending MLS 390

Housing Wire

JANUARY 18, 2021

That’s what real estate agents are here for. Almost 90% of buyers recently used a real estate agent or broker to purchase their home, according to the National Association of Realtors. Whether you’re a first-time homebuyer or this is your fifth house, it’s a good idea to use an agent to ensure you make a smart decision. .

Agents 545

Agents Closing costs Closing Mortgages 545

Housing Wire

NOVEMBER 3, 2023

With the seamless integration of the homegenius Platform, consumers can: Connect with experienced real estate agents. Explore possible cost savings. Through this offering, consumers may also be eligible to receive a rebate* at closing. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 367

Closing costs Short sale Technology New Construction 367

Housing Wire

NOVEMBER 13, 2023

by 1% to 2% just by cutting the commission paid to buyer’s agents.” This is from the Editorial Board of The Wall Street Journal, “Ninety percent of transactions offer buyer agent commissions of exactly 3%.” Sales prices don’t go up or down based on closing costs. Aggregate data from the housing market would confirm this.

Closing costs 350

Closing costs Equity Agents Technology 350

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. That’s not a knock on the good professionals who enact minor miracles choreographing the multi-faceted ballet that is a typical closing. Let’s admit it.

Closing 248

Closing Marketing Title Title search 248

Housing Wire

JANUARY 17, 2024

With this latest enhancement, homebuyers aged 62+ can participate in seller concessions for up to 6% of the sales price toward borrower origination fees, other closing costs, prepaid items, and discount points. 6 “The truth is the real estate industry hasn’t really needed to learn about this financing option over the past decade.

Finance 442

Finance Seller concession Loan Officer Loans 442

Housing Wire

FEBRUARY 14, 2024

As a result, homeowners either must sell their current home and suffer through double moves and short-term rentals to access the equity they’ve accrued, or they have to make contingent offers that require the sale of their current house to close. The third iteration was pioneered by Calque and is the most cost-effective model of the three.

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Backup offer Loan Officer Home sale contingency Branding 389

Housing Wire

APRIL 9, 2024

While most people are focused on how the proposed NAR commission settlement might change the realty industry, not enough focus is on first-time homebuyers, who might have to come up with significantly higher down payments, which in turn could exacerbate biases against homebuyers using FHA loans. Such opportunities may arise.

FHA loan 439

FHA loan Loans Title Mortgages 439

Housing Wire

MAY 14, 2024

While most people are focused on how the proposed NAR commission settlement might change the realty industry, not enough focus is on first-time homebuyers, who might have to come up with significantly higher down payments, which in turn could exacerbate biases against homebuyers using FHA loans. Such opportunities may arise.

FHA loan 296

FHA loan Loans Title Mortgages 296

HomeLight

SEPTEMBER 1, 2023

In fact, some states require a licensed real estate attorney to conduct the closing of your home sale. Even if you don’t need an attorney, there are a number of complex scenarios in which agents often recommend hiring an attorney. Fortunately, attorneys can identify and address these complications during the closing procedure.

Closing 104

Closing Title Closing costs Agents 104

Housing Wire

DECEMBER 16, 2022

For most real estate industry professionals, title insurance needs no introduction. For title insurance, a homebuyer only needs to pay a one-time fee at closing, which is typically issued in the amount of the real estate purchase price. Due to a misfiling, nobody knew of an encroachment until months after closing.

Title 464

Title Title search Closing costs Closing 464

Housing Wire

FEBRUARY 16, 2024

The Department of Justice (DOJ) is asking the real estate industry to consider a world without the practice of cooperative compensation. As an example, the DOJ cites Northwest MLS (NWMLS), which no longer requires listing agents to make offers of buyer broker compensation in order to list a property.

MLS 424

MLS Lending Closing costs Agents 424

Housing Wire

APRIL 26, 2023

Bridge loans are popular among his clients since they allow homeowners to tap into their equity when buying a home, as well as a professional mortgage where buyers in a specific industry can make a 10% down payment without mortgage insurance, Parkinson explained. Niche loans consist of about 5% of Parkinson’s business. “It’s

Loan Officer 393

Loan Officer Mortgages Loans Closing costs 393

Housing Wire

APRIL 18, 2023

They could also include improving the post-closing process. Vendor management, be it in the valuation, title insurance or closing process, offers a number of opportunities for increased efficiency and decreased cost. And, in particular, closing fees. Finally, we know that the average time to close remains above 50 days.

Mortgages 365

Mortgages Technology Closing costs Title 365

Housing Wire

SEPTEMBER 15, 2023

Our way of honoring first responders is by educating our podcast listeners, readers and coaching clients in the real estate industry about how to help those who helped all of us and are still being of service every day. Listen to all of these really great mortgage programs (most agents and buyers don’t know about these!)

VA loan 408

VA loan Loans Mortgages Closing costs 408

Housing Wire

MAY 25, 2023

If the industry were better educated on this option, there would be a significant increase in HECM/Reverse Purchase volume. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said. There is an incredible opportunity for growth,” he said.

Loan Officer 390

Loan Officer Equity Finance Loans 390

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. And now to debunk the myths: MYTH: VA loans take forever to close and rarely close on time. REALITY: There is no limit.

VA loan 432

VA loan Loans Mortgages Lending 432

Housing Wire

APRIL 12, 2023

With the mortgage industry still rightsizing, mortgage professionals are worried about regulation of the industry and inflation that thins already tiny margins. None of the surveyed mortgage professionals said staff cuts caused decreased ability to close loans and lack of training were the challenges they faced. “It

Mortgages 339

Mortgages Loan Officer Marketing Seller concession 339

Realty Biz

FEBRUARY 3, 2021

When you are close to applying for a mortgage, ask the lenders that you are considering for a “Loan Estimate” (previously known as a “Good Faith Estimate”). Some Closing Costs You Can Control. On page 2, section A of the Loan Estimate, you’ll find a breakdown of the costs shown on page 1 of the estimate. Photo by J.

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Closing Mortgages Principal Loans 117

Housing Wire

AUGUST 9, 2022

Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I I have worked every position in the title industry, from the front desk to file clerk, to copy girl, to a notary, to an escrow officer. I am making title popular and a lot of people in the industry are happy about that.

Title 378

Title Principal Closing Industrial 378

Realty Biz

OCTOBER 25, 2021

Digital closing software startup Endpoint Closing Inc. Endpoint sells a mobile-backed platform that relies on artificial intelligence-powered smarts to streamline document submission and handling and speed up the time it takes to close on a home sale. it said this week. billion worth of transactions so far.

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Closing Title Development Closing costs 94

Real Trends

MARCH 8, 2023

Agents, stop letting your deals die. Use this guide to get your transactions back to the closing table and don’t give up. We have closed thousands of transactions over the lifespan of our real estate careers, and we have coached thousands of clients to meet or exceed their goals. You can still get to the closing table.

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Debt-to-income ratio Finance Backup offer Agents 94

RIS Media

MARCH 31, 2022

As a real estate broker or brokerage leader, it’s important to focus on and review what you’re offering to help your agents succeed. What feedback have your agents been giving you, and what do they feel could help them boost their business? Agents need to stay current on changes in the industry and their local market.

Agents 98

Agents Brokerage Technology Closing costs 98

Housing Wire

NOVEMBER 3, 2022

Inflation and a sharp spike in mortgage rates has rapidly cooled down demand for the lender’s bread-and-butter mortgage products , and several of its chief rivals have performed better in originating purchase business due to their stronger ties to real estate agents. Within the first 72 hours of its launch on Nov. Rocket has 2.5

Principal 382

Principal Mortgages Closing costs Title 382

Housing Wire

JUNE 13, 2022

From Multiple Listing Services (MLS) to consumer-facing giants like Zillow , Realtor.com and Redfin , the real estate industry is raising awareness about homebuyer assistance programs through agent education and self-service tools that help consumers find programs they qualify for. counties. What to do.

Finance 364

Finance Loans Closing Closing costs 364

Realty Biz

AUGUST 27, 2022

In response to today’s pricey economy, Micheal “Mike” Price (Mortgage License #244007, Real Estate Salesperson License #720851), Owner and President of LTI Mortgage, now offers “The Hybrid Agent Program” to save buyers and investors lots of money. Starting immediately, “The Hybrid Agent” is taking on new clients.

Agents 76

Agents Mortgages Closing costs Finance 76

Real Trends

APRIL 11, 2023

Agents, has the fluctuating market made it more difficult to close deals this past year? Closing cost incentives Closing cost incentives can include owner’s and lender’s fees, escrow or settlement fees, transfer taxes and government recording fees. You are certainly not alone. In some areas of the U.S.,

Seller concession 72

Seller concession Closing costs Purchase and sale agreement Inspection contingency 72

BAM Media

MAY 14, 2024

View this post on Instagram A post shared by Luke Acree (@lukeacree) 4 Benefits of Email Segmentation for Real Estate Agents Email segmentation allows you to send more targeted emails to the people in your database based on specific needs and interests, as well as on their place in the funnel. This is where email segmentation comes in.

Pre-approval 111

Pre-approval VA loan Closing costs Loans 111

HomeLight

APRIL 13, 2023

Once you’ve found your dream house in Florida and settled on the purchase price, you might think you know the final cost you’re responsible for. However, there’s another set of fees and charges you must be prepared for, and those are closing costs. Find a Buyer's Agent What are closing costs?

Closing costs 77

Closing costs Closing Title Inspection 77

The Close

JULY 8, 2023

It costs approximately $1,100 to get your real estate license in Idaho, including your prelicensing education. Some of the costs are fixed, such as the state’s licensing and exam fees, and others vary. While you don’t need a college degree to become a real estate agent in Idaho, you must complete the state-specific licensing process.

Agents 88

Agents Purchase and sale agreement Brokerage Closing 88

The Residential Specialist

AUGUST 19, 2022

Commission fees have become a testy topic in the industry, so here’s how to determine a rate that’s right for you. Another agent would do it for 1% less.”. Around the country, this is what agents are hearing from sellers when they discuss commission. In a hot market, some agents are willing to work for less.

Agents 52

Agents Closing costs Staging Land 52

Real Trends

JANUARY 4, 2023

The pandemic brought a wave of new real estate agents to the industry. Many of those new agents reaped the benefits. But since then, interest rates have soared, and agents are navigating a historic decline in the market. Those buyers are looking for education and guidance from their agents. The good news?

Closing costs 81

Closing costs Inspection Title Agents 81

HomeLight

APRIL 14, 2023

Receive your offer within a week and close in as little as 10 days. With a signed sales agreement, the closing process will begin. Some house-buying companies will initially provide a large deposit or funds to assist the seller with moving costs. Close the sale and get paid quickly. Individual investor fees may vary.

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Purchase and sale agreement Closing costs Closing Sales 86

HomeLight

DECEMBER 30, 2022

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Phoenix typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 84

Purchase and sale agreement Closing costs Closing Agents 84