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Rocket launches loyalty program, gives discount for closing costs

Housing Wire

In the first phase of the program, customers can use points to get discounts on their closing costs when purchase a home through the subsidiary Rocket Mortgage. To start, customers will receive a 7,500-point welcome bonus on their first reward activity – or $75 in savings on closing costs.

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Understanding the Closing Costs Associated With a New Home Purchase

RIS Media

Most buyers just want to know what fees and costs are associated with their new home purchase or refinance. 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. We are here for you and your clients.

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How does the “buy before you sell” model differ from iBuyers and Power buyers?

Housing Wire

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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Reverse purchase financing: The financing option no one is talking about

Housing Wire

With this option, older homebuyers can increase their purchasing power with fewer financial worries and limitations as they move towards or through retirement. For real estate professionals, this option presents an opportunity to capture more sales. Yet staggeringly few are aware of its existence. What is reverse purchase financing?

Finance 458
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Optimal Blue PPE adds investor content from 54 state-based HFAs

Housing Wire

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. Optimal Blue , a division of Black Knight, Inc. Black Knight, Inc. In April, real estate focused artificial intelligence firm Restb.ai

Investor 384
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LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

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5 TikTok accounts every LO should be following

Housing Wire

The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Scott Betley ( @thatmortgageguy ).