Housing Wire

JUNE 10, 2022

Loan officers, processors, and underwriters alike now have access to use Touchless Lending’s Optimized Workflows to engage with data and make decisions faster, instead of relying on physical documentation and manual data entry. Get More Info.

Lending 396

Lending Loan Officer Commercial Loans 396

Housing Wire

APRIL 13, 2021

Rapidly accelerating home prices come with a variety of challenges for lenders and real estate agents, including one of the biggest pain points right now — the appraisal gap. If they get a higher offer that has financing, then when appraisal comes back, the buyer is going to renegotiate the sales price to be closer to appraised value.”.

Marketing 534

Marketing Option period Lending Loan Officer 534

Housing Wire

APRIL 1, 2024

billion in mortgage loans in 2023, according to Kortas. As of Monday, the company had 2,391 sponsored mortgage loan officers, per the Nationwide Multistate Licensing System (NMLS). According to Kortas, the buyout depends on NEXA’s appraisal. But that’s not the case for the aviation business. “Of course, Mr.

Loan Officer 417

Loan Officer Brokerage Mortgages Loans 417

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri. One kid will give $4 instead of $1.

Marketing 370

Marketing Loan Officer Closing costs Inspection 370

Housing Wire

FEBRUARY 19, 2021

From low appraisals to surprise credit checks, a number of hurdles could slow your purchase or even derail it altogether. Low appraisals. Not many first-time homebuyers have a good understanding of appraisals. To put it simply, if your appraisal comes in lower than your offer, it could send things back to square one.

Loans 534

Loans Loan Officer Closing costs Closing 534

Housing Wire

FEBRUARY 3, 2023

“By maintaining initial asking prices, builders can help keep current values in the neighborhood and ensure appraised values for buyers,” the company said in a statement. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex.

Loans 370

Loans Loan Officer Closing costs Mortgages 370

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. Appraisal modernization reduces origination cycle time, bolsters appraiser capacity and helps lenders deliver a more seamless and transparent borrower experience.

Pre-approval 369

Pre-approval Technology Title Loans 369

Housing Wire

JUNE 4, 2021

The winning buyer also waived appraisal and financing contingencies and dropped off cupcakes that matched the interior colors of the house, which was a nice touch because the seller is an artist and the home is unique and colorful.” . “I recently sold a home in Austin that was listed at $565,000 and closed at $715,000,” Dawson said.

Marketing 496

Marketing Finance Loan Officer Lending 496

Housing Wire

AUGUST 14, 2020

For the past two weeks, HousingWire took a deep dive into the effects an accelerated market can have on appraisal turn times and the delta between appraisal ratings and market forecasts. Appraisals are of course going to be delayed, and then that can delay title orders, obviously. I’ll be brutally honest.

Closing 485

Closing Lending Loan Officer Title 485

Housing Wire

MAY 20, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their market. Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Bethesda, Maryland.

Marketing 410

Marketing Loan Officer Loans Agents 410

Housing Wire

FEBRUARY 5, 2021

With the acquisitions of Stearns and Owning, Guaranteed Rate now has a stable of profitable joint-ventures , some of the nation’s top-producing retail loan officers , access to the wholesale channel and a stronger direct-to-consumer platform to grow its refi business. The company appears to be only licensed in California.

Loan Officer 421

Loan Officer Loans Closing costs Title 421

Housing Wire

JUNE 30, 2021

The company provides appraisal management services to lenders, investment firms, community banks, servicers and anyone who needs a real estate valuation. Appraisal shortage. This continues to put a great deal of pressure on appraisers who are managing large portfolios during an appraisal shortage.

Loan Officer 384

Loan Officer Industrial Banks Residential 384

Housing Wire

FEBRUARY 7, 2023

It essentially allows qualified buyers with a government loan to purchase a home by assuming responsibility for the sellers’ mortgage terms, including the current balance and interest rate. The fees are typically lower than in new loans, and no appraisal is needed. Tozer suggested “a fee of 1.3%

FHA loan 384

FHA loan Mortgages Loan Officer VA loan 384

Housing Wire

FEBRUARY 15, 2024

And if the DPA loan does not come from a national DPA provider, loan officers need to have underwriting guidelines rewritten to the DPA provider’s standards, which could take longer than getting a conventional loan. “A Every city, county and state have different underwriting guidelines.

FHA loan 450

FHA loan Loans Closing costs Loan Officer 450

Housing Wire

DECEMBER 22, 2020

They’ll send out an appraiser, who will analyze the property and local market to assess its worth. If the appraisal comes in lower than that amount, you’ll need to renegotiate or make up the difference in cash. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help.

Fixed-rate mortgage 421

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 421

Housing Wire

AUGUST 17, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Local markets spotlights 5 different areas across the country, showcasing what is uniquely happening in those housing markets. Louisville, Kentucky. It blows my mind.”

Marketing 384

Marketing Loan Officer Loans Agents 384

Housing Wire

JUNE 1, 2023

Are low-FICO, first-time homebuyers better off with a conventional mortgage and reduced LLPA fees, or an FHA loan with none at all? We spoke to multiple loan officers and Washington, D.C.-based based think tank Urban Institute to hear their takes.

FHA loan 370

FHA loan Loan Officer Loans Mortgages 370

Housing Wire

JULY 11, 2022

The Ernst Fee Service is used by lenders to minimize fee cures by providing recording fees, transfer taxes, property tax, title, settlement, inspection data, and lender and appraisal fees. . Amid plunging origination volume, originators they are facing significant margin compression this year.

Loan Officer 370

Loan Officer Loans Inspection Title 370

Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. I think we have some outdated stories and some urban legend stuff around VA loans,” said Wisnom, who is based out of Annapolis, Maryland, home of the U.S. Terms are also really important.

VA loan 397

VA loan Agents Pre-approval Debt-to-income ratio 397

McKissock

SEPTEMBER 28, 2021

Time management challenges are a big issue for many property appraisers. Your income depends on how many appraisal assignments you can complete each month and each year—and you need time to produce each report. Last month we asked appraisers, “What’s one thing you wish you could STOP doing to save time in your workday?”

MLS 85

MLS Loan Officer Inspection As-is 85

Housing Wire

SEPTEMBER 1, 2020

Documents need to be collected, credit scores need to be checked, appraisers need to be arranged. The banks need bodies. There’s a lot of mortgages to be processed.

Loan Officer 410

Loan Officer Banks Lending Residential 410

Housing Wire

JULY 1, 2021

The difference in appraisals has led to a $156 billion cumulative loss in value nationwide for majority-Black neighborhoods, the study claimed. The lender’s offices were concentrated in white neighborhoods, and nearly all of its loan officers were white.

Loan Officer 485

Loan Officer Loans Lending Mortgages 485

Housing Wire

APRIL 9, 2024

For example, since home appraisals consider trends in past property values, BIPOC neighborhoods may be considered “risky” due to historic segregation and the cumulative effects of chronic underinvestment. Banks that built most of their branches decades ago may find themselves underrepresented in BIPOC neighborhoods today.

Lending 416

Lending Banks Mortgages Loan Officer 416

Housing Wire

JUNE 17, 2022

It’s a tough time to be a loan officer. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. Amid all the chaos, loan officers may be pressed to get creative when it comes to generating new business. There are thousands of loan officers out there.

Loan Officer 403

Loan Officer Loans Lending Land 403

McKissock

APRIL 16, 2021

With home-sale prices hitting a record high, the appraisal gap has created friction among agents, lenders, and appraisers. Appraisal waivers have exploded during the COVID-19 pandemic. The President of The Appraisal Foundation discusses the foundation’s outlook for 2021. Read on for more appraisal news and insights.

Marketing 59

Marketing Loan Officer Loans Mortgages 59

Housing Wire

MARCH 15, 2024

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

Industrial 504

Industrial Seller concession Purchase and sale agreement Agents 504

Housing Wire

JUNE 28, 2023

Depending on their FICO scores, loan amounts and debt-to-income (DTI) ratios, borrowers have the option to choose from four available bank statement loan options. All four loans require separate appraisals from two different appraisers for loan amounts over $1.5 No mortgage insurance is required.

Banks 370

Banks Loans Lending Mortgages 370

Housing Wire

DECEMBER 3, 2021

While borrowers can shop online these days and follow an automated experience, it doesn’t equate to working with a seasoned professional loan officer and learning what to expect first-hand. I worry about the average age of lenders and other parties that participate in the process such as appraisers.

Due diligence 384

Due diligence Loan Officer Banks Industrial 384

Housing Wire

MAY 26, 2021

Loan officers and mortgage executives have told HousingWire that long lead times with appraisers, inspectors and other elements of the home purchasing process have significantly contributed to such delays, moreso than general capacity issues from the lender.

Closing 450

Closing Mortgages VA loan FHA loan 450

Housing Wire

AUGUST 31, 2023

However, a year after the GSEs announced new appraisal modernization solutions, as they’re more widely adopted, questions arise. And as a loan officer (LO), why should I care? A look into GSE appraisal modernization efforts The GSEs have each offered appraisal waivers on eligible loans for several years.

Loans 396

Loans Inspection Lending Technology 396

Housing Wire

FEBRUARY 1, 2024

The layoffs at Crescent affected leadership positions, including a chief information officer, chief operations officer, 13 mortgage originators (MLOs) , two underwriters and two processors. Other positions affected by the layoffs were servicing auditors, closing disclosure specialists, auditors and appraisal coordinators.

Banks 406

Banks Mortgages Closing Industrial 406

Housing Wire

MARCH 1, 2021

You often won’t need a credit check, home appraisal or much paperwork, and you can close on your loan in just a couple of weeks. . There are plenty of other mortgage options out there, too, so be sure to talk to a mortgage broker or loan officer for guidance. It doesn’t stop there.

Mortgages 432

Mortgages VA loan Loans Loan Officer 432

Housing Wire

NOVEMBER 7, 2023

Seller concessions for VA borrowers are capped at 4% of the home’s purchase price or appraised value and can cover some closing costs, including the VA funding fee and prepaid taxes. The Department of Veterans Affairs (VA) rules prohibit VA borrowers from paying real estate commissions.

VA loan 458

VA loan Agents Seller concession FHA loan 458

Housing Wire

APRIL 7, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and home sellers while also playing an expanding role as personal advisors. .” Real estate agents and LOs: the great collaboration.

Marketing 545

Marketing Technology Loan Officer Brokerage 545

Housing Wire

SEPTEMBER 26, 2023

Collateral Analysis automates an underwriter’s appraisal review process. It was designed to seamlessly integrate with existing lender systems, including CRMs, Point-of-Sales, LOS, and document management systems. Identifying and escalating issues automatically allows for more accurate and faster decisioning and closing, the statement said. “We

Lending 408

Lending Technology Investor Mortgages 408

Housing Wire

NOVEMBER 9, 2022

FoA had a $44 million revenue with lender services such as appraisal and title, down 24% quarter-over-quarter and 50% year-over-year. As part of this strategy, FoA is helping its loan officers and branches to transition to other companies, such as American Pacific Mortgage and Hallmark Home Mortgage.

Mortgages 397

Mortgages Finance Loan Officer Commercial 397

Housing Wire

MAY 25, 2021

Since the collapse of its merger with Fidelity National, Stewart has bought NotaryCam, Pro Tek Valuation Intelligence, United States Appraisals and A.S.K. CloudVirga, which in 2018 allowed loan officers to submit to Fannie Mae Desktop Underwriter and Freddie Mac ‘s Loan Product Advisor with one click, has also been on the rise.

Title 410

Title Mortgages Loans Loan Officer 410