Maximum Exposure Real Estate

AUGUST 16, 2023

A mortgage pre-approval is a crucial step in the home-buying process. It states on the letter how long the pre-approval is valid, typically around 90 days. Understanding the duration of […] The post How Long is a Pre-approval For a Mortgage Good For? appeared first on Maximum Real Estate Exposure.

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Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. The company’s Fast Track process allows brokers to instantly validate the borrower’s employment, income and assets prior to submitting the loan. Chief Production Officer Jay Promisco said. Jim Coffrini, President and CEO.

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Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said.

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Realty Biz

AUGUST 21, 2023

When your mortgage pre-approval expires, it can impact your home-buying process. A pre-approval is crucial in determining your loan eligibility and understanding your purchasing power. A mortgage pre-approval is typically good for 60-90 days , so it is crucial to remember this time frame.

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Realtor.com

JANUARY 16, 2023

“While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? To me, it’s that important.”

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First Team Real Estate

AUGUST 31, 2020

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? Here are the steps you need to take to get pre-approved for a mortgage loan and the most important facts you need to get you there.

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Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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HomeLight

OCTOBER 27, 2020

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Preapproval.

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Housing Wire

NOVEMBER 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in.

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Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. With rates around 6.9% Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. versus a 6.5%

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Housing Wire

SEPTEMBER 21, 2023

Guaranteed Rate ’s PowerVP mobile app aims to enhance loan originators’ ability to keep in constant contact with customers anywhere, at any given time — 24/7. G-Rate will provide 2% of the required 3% minimum down payment for a conventional loan or up to $2,000 — whichever is lower. Agents submitting an offer at 8:30pm?

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Housing Wire

NOVEMBER 14, 2023

We will cover the costs of collecting and disseminating rent payment data for a 12-month period for multifamily property owners/operators of Fannie Mae-financed properties who leverage one of the three approved vendors to collect the data,” Fannie Mae said in a blog post.

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Housing Wire

SEPTEMBER 20, 2022

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality?

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Housing Wire

JUNE 20, 2023

Mike Cagney’s Figure Technologies rolled out a wholesale lending platform that will give loan originators access to the company’s home equity line of credit (HELOC) offering. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Realty Biz

SEPTEMBER 15, 2023

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. With the new program, the fintech industry frontrunner maintains its commitment to providing the quickest loan process in the nation. Certain restrictions may apply.

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Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

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Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

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Windemere Buying

JUNE 7, 2021

Getting pre-approved is a great first step for buyers, but there can be a number of hurdles in the process. Pre-approval is broken down into two steps: pre-qualification and pre-approval. Large cash purchases decrease a buyer’s cash-readiness from the time when they were pre-approved.

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Housing Wire

DECEMBER 6, 2022

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. . Startup Pylon raised $8.5

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Housing Wire

AUGUST 24, 2022

Buyers can qualify for Tomo appraisal coverage by having an underwritten pre-approval from Tomo Mortgage before making the offer, a minimum of a 10% down payment, and are working with a Tomo partner agent who runs the property address through a verification process with Tomo before placing the offer.

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Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We billion, a 54% decline from $3.76

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Housing Wire

MARCH 23, 2023

An increase in MBA’s PAPI – indicative of declining borrower affordability conditions – means that the mortgage payment to income ratio is higher due to increasing application loan amounts, rising mortgage rates or a decrease in earnings. It is up $408 from one year ago, equal to a 24.7% increase, according to PAPI. this year from 6.6%

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RIS Media

MARCH 25, 2021

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Not only will this help you, but to sellers and agents as well.

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Housing Wire

FEBRUARY 23, 2023

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. When the application is complete, the loan originators give borrowers a customized needs list and a secure document upload link. “As

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Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. It raised $905 million across several funding rounds and received a $750 million loan from SoftBank in 2021.

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Housing Wire

JANUARY 20, 2021

The type of mortgage loan you qualify for is just as important as the mortgage lender you work with. Before providing homeowners with a loan, lenders want to know they’re able to pay down charges in a timely manner. . Before providing homeowners with a loan, lenders want to know they’re able to pay down charges in a timely manner. .

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Housing Wire

DECEMBER 22, 2020

Fixed-rate mortgages have a set interest rate for the entirety of the loan. Adjustable-rate loans have interest rates that fluctuate after a certain amount of time. Pre-approval. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. Earnest money.

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Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. 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.

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Housing Wire

FEBRUARY 1, 2023

Mortgage loan originators don’t expect the Fed’s rate hike to impact buyers as much. Andrew Marquis, regional vice president at CrossCountry Mortgage , also noted that he’s doing twice as many pre-approvals that he was doing in the fall due to the decline in rates. “We by the year end,” Yun said.

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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. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

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Housing Wire

DECEMBER 7, 2023

While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely. Obviously, that has not happened. So how do we get there? Is there a role for Congress?

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Housing Wire

FEBRUARY 15, 2023

Steinway, who claims to have closed more than $1 billion of loan volume in his 24-year career, joined Revolution at the end of January, he said in an interview with HousingWire on Wednesday. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s a different approach to lending.

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Housing Wire

AUGUST 23, 2023

Better partnered with Palantir to create the proprietary loan platform Tinman Marketplace in August 2022. The product allows customers to go online, get pre-approved, lock their rate and get a binding mortgage commitment letter from Better Mortgage within 24 hours. In January 2023, Better announced a One-Day Mortgage.

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Housing Wire

MARCH 29, 2023

Historically correlated to 10-year treasury notes, the 30-year fixed rate with conforming loan balances ($726,200 or less) decreased to 6.45% last week, the lowest level in over a month, according to the MBA data. The refinance index increased by 5% from the previous week, and was 61% lower than a year ago. Is the spring buying season here?

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Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. The purchase price “represents a $72.5 Cracking the code on marketing to the realtor channel.

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Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Better’s loan origination system Tinman is powered by AWS.

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Housing Wire

AUGUST 4, 2022

Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors announcement of the acquisition states. billion MSR portfolio based on the UPB of loans serviced. million premium.

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