Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. But LOs who cater to first-time homebuyers’ needs – offering FHA loans and down payment assistance loans — are faring better, Michael Ullmann, producing branch leader at Movement Mortgage , explained.

Loans 461

Loans FHA loan Loan Officer Mortgages 461

Housing Wire

SEPTEMBER 23, 2024

Department of Veterans Affairs (VA) space. Before that, Bergjans spent eight years at Caliber Home Loans , including stints as national director of military and veteran lending and as head of retail business development. Navy Reserves as the readiness officer for Navy Cargo Handling Battalion 11 HQ in Jacksonville, Florida.

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VA loan Lending Loans Loan Officer 440

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. VA loans are secured by the VA, and statutorily must be appraised by the VA and not just any appraiser. “I

VA loan 411

VA loan Agents Pre-approval Debt-to-income ratio 411

Housing Wire

NOVEMBER 7, 2023

In the aftermath, one of the most contentious issues in the minds of mortgage professionals is how the ruling might affect FHA and VA mortgage borrowers. 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%

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VA loan Agents Seller concession FHA loan 477

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

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Loan Officer Mortgages VA loan Lending 440

Housing Wire

SEPTEMBER 30, 2022

We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator. We spoke to UMortgage Branch Manager Arielle Best, known as the VA Loan Lady on TikTok, about the platform and how best to utilize it as a mortgage loan originator.

VA loan 427

VA loan Mortgages Loan Officer Branding 427

Housing Wire

MAY 25, 2021

The benefit is modeled on the widely used home loan program for veterans, which is administered by the Department of Veterans Affairs. Police officers, prison guards, firefighters, paramedics, emergency medical technicians and public or private school teachers would all be eligible.

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FHA loan VA loan Loans Loan Officer 489

Housing Wire

MARCH 1, 2021

After all, in January 2021, 30-year loans accounted for a whopping three-quarters of all mortgage originations in the country. Considering other loans require anywhere from 3% to 10% down at minimum, this can mean serious savings from the start. Streamline refinances (if you have an FHA or VA loan). 15-year mortgages.

Mortgages 451

Mortgages VA loan Loans Loan Officer 451

Housing Wire

MARCH 28, 2024

The operating model change involved Better pivoting to hiring experienced loan officers on commission-based compensation plans. Previously, the lender had higher fixed-cost components and no commissions for its loan officers. Better Home & Finance Holding Co. ,

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Loan Officer VA loan Loans Technology 451

Housing Wire

SEPTEMBER 6, 2024

Mortgage rate pricing for homebuyers hasn’t changed significantly as lenders have already priced in a Federal Reserve rate cut of 25 basis points (bps) that is expected later this month, loan originators told HousingWire. Department of Veterans Affairs (VA) loan with no points or buydowns. A lot it is priced in. since July 2023.

Mortgages 469

Mortgages VA loan FHA loan Fixed-rate mortgage 469

Housing Wire

MAY 26, 2021

Joe Tyrrell, ICE president, said the recent findings align with the company’s 2020 Borrower and Lender Insights Survey, which noted that digital mortgage technologies are making closing a mortgage loan “faster and easier.” Purchase mortgages on average took 49 days to close in April.

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Closing Mortgages VA loan FHA loan 469

Housing Wire

FEBRUARY 28, 2023

The company has 548 active loan officers and 379 branches, per the Modex data. According to Messer, Prosperity started as a joint venture with Wells Fargo Ventures and Long & Foster Companies , and the company’s “entire DNA is strictly built out of purchase loans.”

Lending 392

Lending VA loan Loan Officer Loans 392

Housing Wire

OCTOBER 27, 2020

Perfect credit would certainly make getting a loan easier (and cheaper), but it’s not a requirement by any means. FHA loans require just a 500 credit score, as long as you can make a 10% down payment, while VA loans have no credit score requirement whatsoever. Myth 3: You don’t have credit at all.

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Debt-to-income ratio VA loan FHA loan Loan Officer 436

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. The product, known as an assumable mortgage, is not new.

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FHA loan Mortgages Loan Officer VA loan 392

Housing Wire

MAY 8, 2023

I have been in the mortgage industry for nine years, with my loan officer in the industry for 19 years and my Realtor for over 10 years. Assuming a VA loan I have nothing but the utmost respect for everyone serving in the military. Veterans Affairs (VA) mortgage loans can be an excellent product for veterans.

VA loan 411

VA loan Mortgages Marketing Loans 411

Housing Wire

OCTOBER 6, 2023

” PRMG offers a comprehensive range of mortgage products, including conventional, FHA, VA, USDA and jumbo loans. The lender, based in South Dakota, offers conventional, FHA and VA loan products, as well as bridge loans. 4-7, in Las Vegas. “We’re people who have been around for a while.

Mortgages 489

Mortgages VA loan Finance Renovation 489

Housing Wire

NOVEMBER 7, 2023

This implies easing inflation next year, and mortgage rates near 6% would help affordability issues caused by two things: The inflation fight has fueled the mortgage rate spike Low inventory and a steady job market have put a floor on home prices The good news is that GSEs remain committed to loan approval guidelines that help in these tough cycles.

Debt-to-income ratio 427

Debt-to-income ratio Mortgages VA loan Loans 427

Housing Wire

APRIL 4, 2022

Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

AUGUST 2, 2024

Prospective borrowers with strong credit are locking in mortgages this week at the lowest rates in more than a year, loan officers and lending executives told HousingWire on Friday. Indeed, one West Coast LO told HousingWire that he quoted a borrower a 5.75% rate on a 30-year FHA loan for a $500,000 Southern California home purchase.

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Mortgages FHA loan Loans Loan Officer 512

Real Trends

DECEMBER 14, 2022

Vetted VA’s Chris Griffith says, ‘tap, rack, bang,’ is a statement all Marines know by heart. Chris Griffith is the CEO of Vetted VA, a training company and trusted source for VA home loan information. Vetted VA seeks to change that narrative. Learning the ropes of VA loans. said Griffith.

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VA loan Loans Lending Loan Officer 107

Housing Wire

JULY 29, 2024

HAM flags the loan, does a review, creates an intervention plan and contacts the borrower to review options. Designed as a co-bot, Loan Buddy would direct questions to a human on the loan team if it had low confidence in its answer. Conversations with Loan Buddy would be recorded and available to the loan team.

Loans 354

Loans VA loan Technology Property Management 354

Housing Wire

SEPTEMBER 22, 2023

With the majority of Fed officials expecting another rate hike by year-end, Duncan predicts a 50/50 chance of that happening, depending on how resilient the economy is against the Fed’s monetary policy. However, a silver lining in the subdued housing market is the strength in new-home sales. We don’t know what third-quarter growth was.

FHA loan 469

FHA loan Bankruptcy Marketing Loans 469

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgages 392

Mortgages Loans Lending Construction 392

Real Trends

NOVEMBER 11, 2022

Backed by the Federal Housing Administration, FHA loans have more competitive interest rates, something that could be key for buyers in today’s market. USDA loans. USDA loans help both moderate and low-income borrowers buy homes in rural, USDA-eligible areas. Piggyback loans. This option is increasing in popularity.

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Finance VA loan FHA loan Agents 113

HomeLight

AUGUST 31, 2021

We consulted expert Richie Helali, mortgage sales leader at HomeLight Home Loans, to walk you through the basics. Every time a bank provides somebody with a loan, the bank’s essentially investing in that person.”. All the major loan programs accept much lower minimum down payments, with a few even offering zero-down loans.

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FHA loan VA loan Loans Loan Officer 105

Rochester Real Estate

NOVEMBER 5, 2015

It’s unfortunate, but not every prospective buyer is going to be able to qualify for a home loan. In the simplest terms the main difference is that a bank has its own lending criteria and offers loans by using its own funds. Top Mortgage Blogs From 2017 Best Mortgage & Home Financing Blogs From 2017 We’re back!

Finance 52

Finance Mortgages VA loan Pre-approval 52

The Close

NOVEMBER 25, 2022

Easy financing through VA loans. Easy financing through Department of Veterans Affairs loans is another reason. Zero interest loans are an even bigger deal in our current lending environment! As a military relocation professional, I’ve worked with hundreds of military buyers and sellers over my 15 years in real estate.

VA loan 98

VA loan Loans Loan Officer Finance 98

HomeLight

NOVEMBER 29, 2021

While most people have heard that 20% down is some kind of standard, many are unaware that it is possible to buy a home with as little as 3% down — or even no money down, depending on the loan requirements. With so many DPA programs, you’ll want to consult with someone who will know them best — your loan officer. Jumbo loans.

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Earnest money deposit FHA loan Purchase and sale agreement Inspection 110

HomeLight

OCTOBER 15, 2020

We talked to Jessica Sanchez, Director of Underwriting & Loan Management at HomeLight Home Loans, to walk through the ins and outs of conventional loans. What’s a conventional loan? A conventional loan is a private mortgage that’s not backed by the federal government (we’ll get to government loans in a bit).

Loans 98

Loans Debt-to-income ratio FHA loan VA loan 98

The Close

OCTOBER 1, 2024

Mortgage lead generation is unique since many homebuyers and sellers aren’t actively searching for a mortgage loan officer. Like other real estate professionals, mortgage brokers need consistent leads to grow their businesses. Here are ten of the most effective tips to generate leads for mortgage brokers. Visit Fiverr 3.

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Mortgages Loan Officer Land Loans 101

Realty Biz

SEPTEMBER 30, 2023

Government-backed programs: Government-backed mortgage programs, such as FHA loans, VA loans, and USDA loans, often have more relaxed credit score requirements. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

Realty Biz

JUNE 15, 2022

Department of Veterans Affairs (VA) loan. Check with your loan officer to see if you qualify for any first-time buyer programs. PMI can be removed once the homeowner has paid down enough of the loan’s principal. The higher your credit score, the better your chances of securing a loan with more favorable terms.

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Debt-to-income ratio VA loan Fixed-rate mortgage Loans 98

HomeLight

AUGUST 16, 2021

First-time homebuyer loans can help make it easier on first-time homebuyers , offering access to special mortgage programs with low down payments. Note that for government-backed first-time home-buyer loans such as FHA or USDA, it’s not just the buyer that must qualify, but the home, too — so check the requirements for your specific mortgage.

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Loans VA loan FHA loan Purchase and sale agreement 105

HomeLight

OCTOBER 26, 2021

We’ve asked Richard Helali, Loan Officer and Sales Lead at HomeLight Home Loans , to pull back the curtain to explain what happens during mortgage underwriting. But that is only a preliminary step to getting final approval for a mortgage. At that point, the mortgage company will take a deeper dive on you and your transaction.

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Pre-approval Mortgages Loans Loan Officer 104

HomeLight

OCTOBER 2, 2020

The total amount of originations fee will vary depending on your lender or broker, but they can range anywhere between 0% and 3% of the loan amount (3% is generally the cap for all “origination” fees on the average mortgage loan). The origination fees charged on your loan can vary widely from lender to lender.

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Mortgages Title Loans VA loan 98

HomeLight

OCTOBER 15, 2020

Many wishful homeowners would just keep on driving and try to forget that their dream home is on the market … but you know how to apply for a USDA loan, so you turn your car around and head home to do just that. These loans — like FHA and VA loans — are backed by the government. is for sale. Talk to a few lenders.

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Loans Purchase and sale agreement Loan Officer Debt-to-income ratio 85

HomeLight

OCTOBER 1, 2020

This, of course, depends on a few variables, such as getting preapproved for a mortgage, or whether you’re taking out an FHA or a VA loan, which may take a bit longer. (We The very first step that must take place before a loan officer can submit your application for processing is that the seller must accept your offer.

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Closing Purchase and sale agreement Inspection Loans 97