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Housing Wire
SEPTEMBER 16, 2022
Department of Veterans Affairs mortgage loans. With the passage of HR 7735, known as the “Improving access to the VA home loan benefit Act of 2022,” the VA is now permitting desktop appraisals and in some circumstances, waiving appraisals altogether. A companion bill in the Senate, introduced by Sen.
Housing Wire
MAY 25, 2022
Each pod has about 15 employees consisting of loan officers, processors, closers, underwriters, supervisors, and funders, according to multiple employees. ” Loan officers, who are 100% commission based at Keller Mortgage, were not part of the layoffs, according to multiple employees. . billion this year. About 66.7%
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Housing Wire
JUNE 7, 2022
For example, a loan processor may use a modern LOS to order a flood certification, title report, AUS decision or data verifications, but once the order has been placed, what if the data doesn’t arrive? When the squeeze is on, lenders must offer higher levels of customer satisfaction, lower costs or both to remain competitive.
Afford Anything
JANUARY 25, 2021
George is torn between paying down his student loan debt (which he deferred) or buying a househack. She also wants to investigate whether a Vanguard Institutional 500 Index Trust and a Vanguard Institutional Total Bond Market Index Trust are ideal. I’m torn between paying down my student loan debt versus buying a househack.
Housing Wire
JANUARY 3, 2023
When it comes to offering an opinion of ‘good or bad’ on HR 7735 — the VA modernization bill — and its ultimate ability to create a better appraisal process for veteran and active duty borrowers, it’s simply too early to tell with too little information being shared on exactly what changes we should expect.
HomeLight
MARCH 31, 2022
With some loans requiring as little as 3% down, the initial down payment on the average home could be around $16,300. However, In the current housing market where sellers are often receiving multiple offers on a home, larger down payments can make an offer more competitive, not to mention keep the monthly payment lower.
Housing Wire
JULY 18, 2022
Purchase-focused lenders that didn’t balloon in size to capture refinancing business during the boom, in particular, are looking to hire loan officers. WesBanco Bank , the second-largest bank headquartered in West Virginia, plans to hire at about a dozen loan originators in 20 major markets this year.
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