Housing Wire

JULY 11, 2022

I do think a primary issue that has come up over these years is that non-QM borrowers and non-QM loans, they’re not the subprime of the pre-financial crisis,” he said. This is because they’re the ones that are going to be doing the pre-qualifications for you. We’ve been educating originators since 2013.

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Keeping Current Matters

JUNE 22, 2021

You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. offers for sellers to consider. Bottom Line.

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Realtor.com

NOVEMBER 28, 2022

designer491/Shutterstock What is a pre-qualification letter? I tell most people they can take that pre-qualification letter and throw it in the trash,” says Patty Arvielo , a mortgage banker and president and founder of New American Funding, in Tustin, CA. What to know about a pre-qualification letter.

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Keeping Current Matters

AUGUST 27, 2020

You may have heard that pre-approval is a great first step in the homebuying process. Pre-approval from a lender is the only way to do this. This paperwork (the pre-approval letter) shows sellers you’re a qualified buyer, something that can really help you stand out from the crowd in the current ultra-competitive market.

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Housing Wire

SEPTEMBER 2, 2021

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. How the idea emerged , age-restricted communities.

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Housing Wire

FEBRUARY 24, 2021

The loan pre-qualification step is an area that almost all parties need for a successful outcome (consumers, real estate agents, loan officers, insurance agents). The end result has created a far more educated and informed consumer while also breaking down what we consider traditional B2B and B2C channels. How do I find a doctor?

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Housing Wire

FEBRUARY 14, 2024

Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

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Housing Wire

SEPTEMBER 19, 2024

Affordability’s connection to varied “sources of income” If this is news to you, perhaps you are wondering, “Wait a minute… “source of income” discrimination, really? I thought “source of income” discrimination had to do with rental properties like “section 8” (or what’s officially called the Housing Choice Voucher Program). Yes, you are right.

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Housing Wire

JULY 30, 2021

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. HousingWire: How have trends around direct-to-consumer lending changed over the past year?

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Housing Wire

OCTOBER 5, 2021

Housing market inventory is low right now. Historically low. According to the National Association of Realtors’ existing home sales report in August, inventory was down 13.4% compared to a year prior. DropOffer , a new home searching platform that launched Friday, aims to streamline this process.

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Housing Wire

NOVEMBER 28, 2022

In its pre-sale report, KBRA noted that the average borrower’s FICO score was “moderately strong” at 740, with the current average loan-to-value ratio at 68.4% DSCR) have historically exhibited higher delinquency and default risk relative to loans underwritten using traditional income qualification (i.e.,

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Housing Wire

DECEMBER 28, 2023

I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Don Monson, branch manager at Sente Mortgage , said of the challenges he faced in 2023. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage.

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Loans FHA loan Mortgages Loan Officer 432

Housing Wire

APRIL 19, 2022

Requirements for nonbank LOs include a 20 hour pre-certification course; eight hours of annual CE courses; registering in the Nationwide Mortgage Licensing System (NMLS); and submitting fingerprints to NMLS for a criminal background check. . As of now, the CFPB does not have plans to make any changes. Regulations to oversee them all.

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Housing Wire

JUNE 1, 2022

recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. recovers from the pandemic and routines normalize, the preference for digital solutions shows no signs of reverting to pre-pandemic times. Even as the U.S. Even as the U.S. How Calyx Path can help.

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Housing Wire

MAY 12, 2022

Yes, a customer should be able to fill out a pre-qualification application digitally. Rates are rising. Refinances are falling. Inventory is contracting. Application fallouts are worsening. It’s getting harder out there. This is not an Amazon order. There are two critical problems with this. We’re not cavepeople. What a borrower wants.

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Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. That’s a longer program than in most states. We estimate that it’ll take three to six months to get up and running as a licensed real estate agent in the Lone Star State.

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Housing Wire

MAY 25, 2022

In a housing market vastly different from the pre-pandemic period, how can industry professionals position themselves to achieve growth despite these current obstacles? When it comes to business growth this year and beyond, industry experts agree that 2022 is the year of the non-qualified mortgage (non-QM) loan.

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Housing Wire

OCTOBER 6, 2020

Rocket Mortgage may offer its prospects an easy button, but a very low percentage its borrowers actually meet the qualifications to complete the process in a fully digital manner. Talk to any mortgage technologist about the future of the industry and two topics will emerge immediately: big data and smarter automation.

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Housing Wire

AUGUST 31, 2020

In creating its AutomatIQ Borrower solution, CoreLogic aimed to provide one consistent, objective and transparent workflow that lenders could leverage to validate applicants from pre-qualification to closing. For example, like other providers, we offer instant employment verification. “For But we don’t.

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Housing Wire

DECEMBER 29, 2023

Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission. Choosing one of the best online real estate schools in California is your first step to joining our vibrant industry, and it’ll set you up for success for the state’s real estate exam.

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Housing Wire

APRIL 22, 2024

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. The best real estate classes in Washington will equip you with the knowledge and skills to pass the state exam and confidently begin a new career. out of 5 stars Rating: 4.5

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Housing Wire

FEBRUARY 12, 2024

Price range: $114 to $1,099 Visit Colibri Also popular Kaplan 50+ years as a leading education provider Pre-recorded video content led by experienced industry leaders. Easy access to instructors to ask for help. Career mentoring opportunities. Our favorite feature is the online video format with self-paced delivery.

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Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois. 2] DID YOU KNOW?

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Housing Wire

MARCH 26, 2025

Youll need to complete 60 hours of pre-licensing education to be eligible to sit for the real estate exam. This flexible learning format ensures that students complete their pre-licensing requirements with the confidence they need to sit for the state and national exams.

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Housing Wire

NOVEMBER 17, 2023

Your real estate career in picturesque Colorado is an exciting adventure waiting to unfold. We’re here to guide you in finding the best Colorado real estate school for your needs. To get your license, you’ll need to complete 168 hours of prelicensing coursework at an accredited and approved school.

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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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HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer. Get Started 1.

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HomeLight

OCTOBER 22, 2021

You may be wondering how affordability calculators work if you’re ready to get some numbers down on paper before showing up for a pre-qualification meeting with a lender. Figuring out how much house you can afford can feel like playing The Price Is Right. Get it right, and you move into your dream home.

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Realtor.com

APRIL 29, 2021

To avoid this fate, make sure to crunch your numbers in our mortgage calculator or a home affordability calculator , and apply for mortgage pre-approval to see just where you stand in terms of how much house you can afford. Yuri_Arcurs/iStock; MattKay/iStock Buying a home and getting a mortgage typically go hand in hand.

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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? So is seeking pre-approval a good idea for you?

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Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. Step 1: Get pre-approved for a mortgage. Your first step shouldn’t be to check out homes; it should be to get mortgage pre-approval from a mortgage lender or broker. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Realtor.com

NOVEMBER 11, 2022

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 2: Qualify for a home loan or loan pre-approval. Consider this pre-qualifying step akin to getting a full medical checkup before you train for a marathon.

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Toronto Realty Blog

MARCH 24, 2025

TorontoRealtyBlog The definition of “qualification” is highly subjective, is it not? In theory, a pre-determined set of criteria would exist, and if the individual meets this criteria, then he or she “qualifies.” the enforcement of the Landlord & Tenant Act Qualification of tenants. You decide.

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Housing Wire

DECEMBER 29, 2023

Delivery methods: All of the CE Shop’s New York real estate pre‑licensing courses are optimized for a smartphone, tablet, or computer. hour New York Continuing Education Packages, New York Continuing Education Individual Courses, and 75-hour New York Broker Real Estate Licensing Packages. out of 5 stars Rating: 4.5 out of 5.

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The Mortgage Report

JUNE 10, 2025

Getting Pre-Approved Down Payment Assistance Buying With Low Credit Buying With Low Income Buying With A Disability Who Has The Best Mortgage Rates? How Much Home Can I Afford? How Soon Can I Refinance? How Often Can I Refinance? It Is Worth Refinancing For 0.5%? Even if you have all of your money for your down payment and your closing costs.

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RIS Media

OCTOBER 22, 2020

Evaluate your current credit situation and make a game plan to clean up your credit score, if needed, prior to starting the pre-approval process.” Be sure to also clarify the difference between pre-approvals and pre-qualifications. According to ZIllow, in a competitive housing market, pre-approval is the way to go.

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The Close

APRIL 8, 2025

month Visit Lone Wolf IDX integrations and custom market report generation $99/month Visit Agent Image ISA team support for pre-qualification of leads $399/month Visit Offrs AI-powered virtual staging $19.99/month, However, it does help by giving us more time in our day to spend nurturing and growing relationships to close deals.

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