Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification 441

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 441

Housing Wire

JUNE 20, 2024

Mortgage Connect Risk Solutions is approved by each of the major credit-rating agencies. Its suite of services includes mortgage QC, due diligence and fulfillment; pre-funding and servicing QC; and new registrations and transfers to the Mortgage Electronic Registry System ( MERS ).

Due diligence 421

Due diligence Mortgages Pre-approval Lending 421

Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . Wagner will be responsible for helping Lower’s partners develop their business strategy in the home lending space, Synder said. population.

Mortgages 384

Mortgages Pre-approval Lending Finance 384

Housing Wire

MAY 26, 2022

To verify the borrower’s employment, Freddie Mac’s asset and income modeler will draw data from bank accounts for direct deposit, with the borrower’s approval, or from payroll data provided by third-party service providers. Deeper asset history unlocks new lending opportunities. The option will be available starting June 1.

Closing 410

Closing Pre-approval Lending Banks 410

Housing Wire

JANUARY 18, 2022

” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents. The crypto mortgage product will be available to most applicants in early 2022, Milo added.

Mortgages 485

Mortgages Pre-qualification Pre-approval Lending 485

Housing Wire

JULY 21, 2022

Bankruptcy Court in Delaware — show the lender owes more than $400 million to four warehouse lenders, which include Customers Bank, Flagstar Bank, Texas Capital Bank and J.V.B. Obligations to Customers Bank are further secured by a cash reserve account and related collateral,” Samples court pleadings add.

Bankruptcy 397

Bankruptcy Banks Pre-approval Principal 397

Housing Wire

JANUARY 26, 2022

Building the next generation of tech: Three ways to digitize home lending. The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience that would benefit both borrowers and servicers. Refinancing is also not an option.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. neighborhood, housing market, Fall, homes, new house sales, forbearance.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.

Marketing 384

Marketing Pre-approval Bankruptcy Loans 384

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.” Bank statements.

Pre-approval 105

Pre-approval Loans Due diligence Bankruptcy 105

Housing Wire

JANUARY 31, 2023

Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures. For Miller, who specializes in bank statement loans and debt service coverage ratio (DSCR) loans for investment properties, Sun West’s artificial intelligence platform, Morgan, won him over. In-house is key.

Loans 397

Loans Mortgages Loan Officer Pre-approval 397

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.

Pre-approval 126

Pre-approval Debt-to-income ratio Mortgages Marketing 126

Housing Wire

MAY 16, 2022

HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. Do they need a pre-closing investor review? We know what they’re looking for when we issue a pre-qual, and we stand behind that. How long have they been doing non-QM?

Investor 370

Investor Pre-approval Loans Lending 370

Keeping Current Matters

DECEMBER 14, 2021

AJ Barkley, Head of Neighborhood and Community Lending for Bank of America , says : “Achieving this goal can create a sense of pride and accomplishment that resonates both for the buyer and those closest to them, including their parents and future generations.”.

Pre-approval 302

Pre-approval Lending Equity Banks 302

Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. When Should You Get Pre-Approved?

Pre-approval 80

Pre-approval Debt-to-income ratio Loans Banks 80

Housing Wire

JUNE 30, 2021

Our pre-approval option is a very important tool for our brokers in this current hot purchase market. As the fastest-growing lender in the wholesale channel, PennyMac is uniquely positioned to serve as a business partner across the mortgage banking professional continuum. CHRIS LEGG, EVP, TPO STRATEGY AND INNOVATION.

Pre-approval 297

Pre-approval Loans Lending Closing 297

Marco Santarelli

FEBRUARY 7, 2025

While market adjustments are always possible, the key differences in supply and demand, lending practices, and overall market psychology make a repeat scenario highly unlikely. Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. months This difference in inventory is crucial.

Pre-approval 87

Pre-approval Debt-to-income ratio Marketing Lending 87

Housing Wire

APRIL 18, 2023

That referral process is an age old, where the real estate community will give up a third of their commission for being delivered a qualified, pre-approved borrower that came out of the relocation world. Kim: One of NAF’s priorities is on lending to the Hispanic community. So it’s really just a slow play to close.

Loan Officer 369

Loan Officer Loans Pre-approval Mortgages 369

Inman

FEBRUARY 15, 2024

Borrowers can use the company's Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment.

VA loan 190

VA loan Pre-approval Loans Mortgages 190

Housing Wire

AUGUST 23, 2023

Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. The other thing we have to do is use technology to predict which customers can qualify for One Day Mortgage based on just the data that’s in their pre-approval.

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

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. So is it worth pursuing pre-qualification before bidding on a house?

Pre-qualification 105

Pre-qualification Pre-approval Loans Lending 105

Realtor.com

JANUARY 7, 2021

Although this is a major milestone on the march toward closing, there are many points where this deal can go off the rails—like if you find out your home buyer wasn’t approved for a mortgage. Why home buyers aren’t always approved for a mortgage. Still, pre-approval is not a guarantee that a buyer will get a loan.

Loans 133

Loans Purchase and sale agreement Pre-approval Debt-to-income ratio 133

Realtor.com

NOVEMBER 2, 2020

Since COVID-19 started tearing through the country in March, we’ve heard reports of freelancers having an even harder time getting approved for mortgages. Getting a mortgage as a freelancer (pre-coronavirus). In the past, we could simply use the prior year’s tax returns,” says Todd Wells of Sinberg Capital Lending.

Debt-to-income ratio 144

Debt-to-income ratio Pre-approval Mortgages Banks 144

Marco Santarelli

MAY 27, 2025

Lenders perceive less risk when lending to areas with strong credit histories. Certain states have stricter lending rules or consumer protection laws, which can affect the cost of doing business for lenders. Massachusetts: A hub of education and innovation, Massachusetts has a competitive lending environment. Washington, D.C.:

Mortgages 52

Mortgages Debt-to-income ratio Pre-approval Lending 52

Marco Santarelli

APRIL 23, 2025

The Federal Reserve (The Fed): This is the central bank of the United States, and it plays a major role. The Fed sets the federal funds rate, which is the rate banks charge each other for overnight lending. Lenders add this “spread” to cover their costs and the risk of lending money. The inverse is also true.

Mortgages 59

Mortgages Pre-approval Fixed-rate mortgage Equity 59

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. How much down payment you have will affect how much they feel comfortable lending you.

Pre-approval 124

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 124

Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. Bank-Owned Properties.

Short sale 114

Short sale Pre-approval Banks Loans 114

Point2Homes

DECEMBER 7, 2020

This should show you how much you can afford to spend on mortgage payments and reveal how much a bank is likely to lend to you. Getting Pre-Approved. It’s always advisable to get pre-approved for a mortgage in any home purchase so you can make sure that you can actually get the loan that you believe your income justifies.

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Debt-to-income ratio Pre-approval Inspection Inspection contingency 118

Realtor.com

AUGUST 6, 2020

Even at the best of times, house hunting comes with lots of built-in stressors, from mortgage approvals to bidding wars and beyond. Don’t start house-hunting without mortgage pre-approval. In response, many banks and mortgage lenders have tightened their lending requirements. That changes the game entirely.

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Pre-approval Agents Mortgages Lending 141

Redfin

MARCH 4, 2025

Key takeaways A foreclosed home means the buyer can no longer make payments and the bank has taken the house. There are several types of foreclosure sales – auctions, bank-owned properties, government-owned properties, preforeclosures, and short sales. If the auction accepts financing, make sure you have a pre-approval ready.

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Pre-approval FHA loan Short sale Banks 35

The Mortgage Report

JUNE 23, 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? That’s why some borrowers turn to wholesale lenders that offer slightly lower rates than big banks. How Much Home Can I Afford?

FHA 203k rehab loan 40

FHA 203k rehab loan Mortgages VA loan FHA loan 40

Rochester Real Estate

NOVEMBER 5, 2015

A bad score could lower your chances of being approved for a mortgage or result in a higher interest rate on your approved loan. Compare Lending Institutions For Loans and Rates Before you sign any papers, it’s good to compare lending institutions and rates. Your bank statements from the past two years.

Pre-approval 52

Pre-approval Lending Loans Mortgages 52

HomeLight

DECEMBER 27, 2023

Your monthly mortgage payment has two main components : the principal (the amount you’ve borrowed) plus interest (the lender’s charge for lending you money), according to the Consumer Financial Protection Bureau (CFPB). That starts with determining what it will take to pay off your mortgage.

Pre-approval 111

Pre-approval Mortgages Principal Equity 111

HomeLight

OCTOBER 27, 2020

The first reason is privacy — you might not want your lending company to have access to all of your financial details, for example. They are specialty loans,” explains Sanchez, “where, if you are a self-employed individual and we as a lender can see income via bank statements [instead of with tax returns], you may be able to qualify.”.

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Pre-qualification Loans 105

Rochester Real Estate

NOVEMBER 5, 2015

Should I Go With A Mortgage Broker Or A Bank? A common question Realtors get from buyers and home owners looking to refinance is “should I go with a mortgage broker or a bank?” They cover the differences between mortgage brokers and banks, the pros and cons of each one and just as importantly, how to find a good lender.

Finance 52

Finance Mortgages VA loan Pre-approval 52

Marco Santarelli

JUNE 28, 2025

For example, if consumer confidence is strong and more people are likely to apply for loans, lenders might increase rates to balance demand, thereby controlling the risk of lending. Key strategies include: Getting Pre-Approved : This will provide you with an idea of what you can afford and can set you up for a smoother closing process.

Mortgages 52

Mortgages Pre-qualification Pre-approval Loans 52

Marco Santarelli

MARCH 22, 2025

This downturn is different for a few crucial reasons: Tighter Lending Standards: Banks have been much more careful about lending since the last crisis. Gone are the days of “no-doc” loans and reckless lending practices. I dont think we're looking at a crash of 2008 proportions. What's a Buyer to Do?

Marketing 59

Marketing Pre-approval Lending Staging 59