Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 501

Industrial Seller concession Purchase and sale agreement Agents 501

Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 529

Agents Seller concession VA loan Finance 529

Housing Wire

JUNE 28, 2023

United Wholesale Mortgage (UWM) announced this week that it has added four bank statement loan offerings for self-employed borrowers. To qualify for loans of up to $3 million with up to 90% loan-to-value (LTV), self-employed borrowers can now provide bank statements to verify income rather than tax returns, W2s or pay stubs.

Banks 370

Banks Loans Lending Mortgages 370

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 454

VA loan Agents Seller concession FHA loan 454

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether? Enter the savvy seller.

Pre-approval 454

Pre-approval Agents Loan Officer Seller concession 454

Housing Wire

FEBRUARY 1, 2023

Michigan-based lender United Wholesale Mortgage (UWM) has introduced a construction-to-permanent loan that covers the cost of building a home and then converts to a permanent mortgage once construction is complete. The loan will cover an 11-month maximum build period with a one-month modification. “The UWM, which originated $33.5

Construction 395

Construction Loans Loan Officer New Construction 395

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. I’ve seen every market shift imaginable as an agent, team leader and executive in the brokerage , mortgage and proptech space. These are the mindset and actions that set successful agents and loan officers apart in a down market.

Loan Officer 427

Loan Officer Agents Marketing Loans 427

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company.

Loan Officer 454

Loan Officer Loans Lending Mortgages 454

Housing Wire

AUGUST 25, 2023

The program is available for eligible borrowers in Arizona and will expand to additional markets, Zillow Home Loans said in a release. Total loan origination volume for the mortgage arm came in at $340 million in Q2, up from $330 million in Q2 2022. Purchase loan production was $336 of the total, a 73% increase from Q2 2022.

Loans 370

Loans Mortgages Closing Agents 370

Housing Wire

FEBRUARY 2, 2023

Maryland-based mortgage lender Apex Home Loans has appointed Leo Anzoleaga as its senior vice president of residential lending. Prior to his role at Apex Home Loans, Anzoleaga has held roles as a certified local facilitator at Buffini & Company, a senior vice president of residential lending at Draper and Kramer Mortgage Corp.

Lending 383

Lending Residential Loans Mortgages 383

Housing Wire

DECEMBER 16, 2021

It is an eventful week within the Slack channels of Knock , and an anxiety-filled one for the company’s about 50 loan officers. Knock loan officers draw a median salary of about $75,000 a year, according to these company sources. Glenn sent an email to loan officers stating that their base salaries would, in fact, not be reduced.

Loan Officer 395

Loan Officer Loans Lending Mortgages 395

Housing Wire

MARCH 18, 2022

Mangus then worked to build the dedicated reverse mortgage department at his new company from scratch and has found a notable degree of success by building Home Equity Conversion Mortgage (HECM) for Purchase (H4P) business through the use of continuing education (CE) classes designed for licensed real estate agents. Curtis Mangus.

Loans 518

Loans Closing Mortgages Equity 518

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.”

Agents 395

Agents Loan Officer Lending MLS 395

Housing Wire

APRIL 28, 2023

Digital lending solutions provider DocMagic announced this week that it has added ADA-compliant mortgage loan documents to its document library. Much of modern lending technology is designed to give consumers the convenience to access loan documents in the ways that work best for them.

Loans 382

Loans Lending Technology Design 382

Housing Wire

FEBRUARY 7, 2022

Despite low home inventory, many lenders are still maintaining a healthy mix of purchase loan business. As mortgage lenders begin to rely more on purchase volume to support their growth, emphasis is being placed on increasing efficiency in processing these loans. Why are Purchase Loans a Challenge for Mortgage Processors?

Loans 370

Loans Due diligence Title Technology 370

Inman

AUGUST 9, 2023

"There needs to be a little more respect" between real estate agents and loan officers, panelists Padi Goodspeed, Kathy Helbig-Strick and Katie Sweeney discussed at Inman Connect Las Vegas.

Loan Officer 148

Loan Officer Loans Agents Mortgages 148

Housing Wire

JULY 12, 2023

You know what loan officers and real estate agents love almost as much as cashing a commission check? Complaining about other loan officers and real estate agents. It shouldn’t surprise you that a sizable percentage of newer LOs and real estate agents are washing out in the current market. And there are north of 1.5

Agents 370

Agents Loan Officer Loans Industrial 370

Housing Wire

JULY 18, 2023

Agent recruitment has been off to a strong start this month at The Agency Dallas. In recent weeks the brokerage has welcomed brokers and agents who have collectively closed over $110 million in the last 12 months, the company claims. Whitfield and Wilbanks are both leaving Compass to join The Agency.

Agents 370

Agents Loan Officer Principal Brokerage 370

Housing Wire

DECEMBER 21, 2022

United Wholesale Mortgage (UWM) has expanded temporary buydown options for jumbo loans at a time when mortgage rates are still high and borrowers have increased negotiating power. UWM is one of many lenders to roll out temporary buydowns in recent months in a bid to drum up more business.

Loans 395

Loans Mortgages As-is Closing 395

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Target buyers for Cliffco include non-traditional buyers seeking investor loans.

Loan Officer 395

Loan Officer Agents Loans Technology 395

Housing Wire

OCTOBER 11, 2023

These lawsuits threaten to radically reshape the residential brokerage landscape, and could be the catalyst for a fat decline in the annual commission pool as well as the industry shedding as many as 80% of agents, according to a team of analysts at Keefe Bruyette Woods. Relatedly, the commission rates could decline by 200 bps or more.

Agents 475

Agents Purchase and sale agreement Brokerage Finance 475

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

VA loan 395

VA loan Agents Pre-approval Debt-to-income ratio 395

Housing Wire

SEPTEMBER 19, 2023

An appraisal ensures that the loan being offered matches the property’s value. The client can find their own appraiser, or real estate agents can recommend appraisers they have worked with before. The lender reviews the appraisal to decide if the appraiser’s analysis supports the requested loan amount.

Agents 446

Agents Inspection Sales Commercial 446

Housing Wire

JUNE 14, 2023

Non-QM loans can lead to more referrals The current housing market has necessitated a new approach for mortgage professionals who want to increase the number of loans on their desks. Non-QMs could present a new revenue channel for the originators facing reduced loan volume.

Loans 370

Loans Technology Lending Mortgages 370

Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. My agent exchanged a few emails with the buyer’s agent over a few minor repair requests, but this was all buttoned up very quickly. Congratulations!” And that was that!

Agents 407

Agents Brokerage Loan Officer Closing 407

Housing Wire

APRIL 5, 2022

The study found that ICE’s eClose solution could save lenders up to 70 minutes per loan and cut down the time to close by 2.3 You can close more quickly, you have less time on your warehouse line, you have borrower satisfaction, your title agents are happy, you’re able to close as many as possible. And it just adds value.”.

Loans 405

Loans Title Closing Technology 405

Housing Wire

APRIL 3, 2023

Rocket Mortgage is throwing a big incentive at spring homebuyers, offering them up to $10,000 in closing cost credits if they work with a real estate agent through its affiliate, Rocket Homes. of their loan amount to put toward closing costs, helping defray upfront costs. Those borrowers are eligible to receive an additional 0.5%

Closing costs 395

Closing costs Closing Agents Mortgages 395

Housing Wire

OCTOBER 19, 2023

Create a Facebook live session or a video about VA loans and how they work. Use the slogan: ‘Don’t get wrapped up with the wrong real estate agent’ on the card and attach it to a simple roll of wrapping paper. Participate in existing parades, and give out candy, water bottles or American flags. Organize a gift wrapping party.

Agents 427

Agents VA loan Closing Loans 427

Real Estate News

NOVEMBER 28, 2023

Fidelity National Financial, the nation’s largest title company, coming back “office by office” as real estate agents and loan officers find low-tech solutions.

Title 286

Title Closing Agents Loan Officer 286

Housing Wire

APRIL 21, 2021

The Federal Housing Finance Agency (FHFA) announced on Wednesday that due to “low usage” it is no longer extending expirations on certain temporary loan origination flexibilities for Fannie Mae and Freddie Mac. The post FHFA sets extensions and expirations on loan flexibilities appeared first on HousingWire.

Loans 395

Loans Lending Finance Mortgages 395

Housing Wire

AUGUST 4, 2023

agent count, RE/MAX Holdings , the parent company of the real estate giant RE/MAX , stayed in the black during the second quarter of 2023. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo. agent count, but it noted that it was partially offset by growth in Motto Mortgage and wemlo.

Agents 370

Agents Mortgages Brokerage Branding 370

Housing Wire

JANUARY 5, 2024

As a real estate agent , it’s essential to stay aware of significant changes in interest rates and how they may affect market conditions so you’re better equipped to advise your buyers and sellers on everything from housing affordability to availability. Declining interest rates present other opportunities for homeowners.

Fixed-rate mortgage 437

Fixed-rate mortgage Agents Marketing Lending 437

Housing Wire

SEPTEMBER 16, 2021

Over half of non-homeowning millennials (60%) say student loan debt is delaying them from purchasing a home, making them the population most affected by student debt , according to the National Association of Realtors’ 2021 impact of student loan debt report.

Loans 395

Loans Debt-to-income ratio Mortgages As-is 395

Housing Wire

MARCH 21, 2022

It also does not preclude a real estate broker or agent and a lender from collaborating on marketing activities. The loans that are exempt from RESPA. Loan types covered by RESPA are many, but there are specifically exempt loan types. Construction-only loans. Loan for vacant land. Certain loan assumptions.

Agents 370

Agents VA loan Land Construction 370

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. Read on for more about Marquis’s perspective on the housing market, business strategies for 2023, and his take on the loan level pricing adjustment (LLPA) fees. Kim: How do you keep up with these agents and financial advisors?

Loans 395

Loans Pre-approval Closing Marketing 395

Housing Wire

OCTOBER 16, 2023

Here are the following strategies agents can use to guide first-time homebuyers toward achieving this monumental step. Editor’s note: There are conventional mortgage options with down payments as low as 3% and government-insured loans with a low- or no-down-payment requirement.) I’ll explain later.)

Agents 407

Agents Seller concession Closing costs Mortgages 407

Housing Wire

FEBRUARY 11, 2022

The VA loan is an important financing tool for VA-eligible borrowers to achieve their homeownership dream. The average VA FTHB’s interest rate was 2.90% and the quarterly FTHB VA purchase loan volume stayed elevated. and borrowed 98% LTV loans of $394,000 at 2.69%. Last year, mortgage interest rates reached record lows.

VA loan 383

VA loan Loans Lending Finance 383