Housing Wire

DECEMBER 2, 2024

The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in regard to lender-paid versus borrower-paid options. Additionally, the bureau is evaluating whether brokers effectively shop for the best loan options for borrowers and adhere to fair lending practices.

Brokerage

Housing Wire

APRIL 25, 2025

But on the world stage, this kind of shift raises alarms and could lead to serious adverse consequences. It gave every loan officer a national reputation and elevated the position of loan officer to one more approximating other licensed professionals. Banking relationships with EU and U.S.

Due diligence

Housing Wire

FEBRUARY 27, 2024

Based in Las Vegas, Gatling has worked for companies such as Bank of America , MetLife Home Loans , Home Community Mortgage and Guild Mortgage , developing expertise in loans to underserved communities. This role offers me a platform to be more than just a loan officer,” Gatling said in a statement.

FHA loan

Housing Wire

FEBRUARY 2, 2024

Most of last year’s top-producing loan officers at Draper and Kramer Mortgage Corp. HousingWire reported on the late-stage negotiations in January.) “The The remainder transitioned to CrossCountry Mortgage , Synergy One Lending , Capital Bank , First Home Mortgage Corp. and NFM Lending.

Loan Officer

Housing Wire

JUNE 16, 2023

SimpleNexus , a homeownership platform developer for loan officers, borrowers, real estate agents, and settlement agents, announced this week a new integration with Empower, the loan origination system (LOS) from Black Knight. ” SimpleNexus , an nCino company, is a developer of mobile-first technology for mortgage lenders.

Loan Officer

Housing Wire

OCTOBER 9, 2024

What we have now today is an extremely well-vetted solution for underwriting those areas of FHA loan — income, credit and asset.“ Clients use the technology for an initial conditioning at the point of sale and an underwrite later in the fulfillment stage, said Sara Knochel, chief operating officer of Candor.

FHA loan

Housing Wire

FEBRUARY 14, 2024

The second stage was pioneered by real estate agents that saw how hard the consumer experience was first-hand, so they created the PowerBuyer model to address those issues with less cost relative to iBuyers. We don’t charge agents fees or require them to get certified so your loan officers can offer this product to all their agents.

Backup offer

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending

Housing Wire

NOVEMBER 1, 2023

Add context about why you’re asking for specific information at every stage. At the comparison stage, you can prioritize education about that product and deprioritize products that might be a poor fit. Even in a digital-first shopping landscape, loan officers are still a valuable resource for borrowers.

Loans

Housing Wire

APRIL 18, 2023

Plus, loan officers can access their entire transaction pipeline at a glance for purchase transactions using titlegenius. It is built on Radian’s patent-pending blockchain technology, which uses bank-grade encryption and dual authentication. The secure platform has an intuitive interface and easy-to-use dashboards.

Closing

Housing Wire

NOVEMBER 20, 2024

Mortgage , which has 330 sponsored loan officers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By “FICO set the stage for the pricing increase with their 40% increase this year. To start, FICO’s wholesale price hike translates to an additional $1.45 ” Metz said.

Mortgages

Housing Wire

MAY 7, 2023

We had a lot of drama over the week between Federal Reserve meetings and banking stress, and mortgage rates and purchase applications both fell. NAR Monthly Supply Data Mortgage rates started last week at 6.73% and fell as the labor data and banking stress drove money to the bond market. economy, which is key at this expansion stage.

Marketing

Housing Wire

NOVEMBER 29, 2021

One group of industry players — loan underwriters — are the chief cause of the logjam. They are in high demand for each stage of the mortgage process, yet they are in seriously short supply in a still-booming mortgage market. It depends on who you are,” Mayhew explained.

Due diligence

Housing Wire

AUGUST 9, 2023

Large banks have historically been the rulers of the jumbo market. This is because surging mortgage rates , upcoming regulatory changes and regional bank collapses have forced large depositories to pull back. We also sought input from industry experts, lenders and loan officers. billion), Bank of America ($20.4

Banks

Housing Wire

OCTOBER 7, 2020

The stage was set to roll out a slate of new products and services while driving advocacy for greater regulatory uniformity in several key areas. MyHome will provide transparency to every participant in the real estate transaction – consumer, Realtor, lender, loan officer, processor and funder – through direct, immediate access.

Title

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. When we get a borrower that comes in online, we do our good work to get them qualified to buy a home – these are mostly early stage buyers. There are support staff that come along with them (loan officers).

Loan Officer

HomeLight

SEPTEMBER 16, 2024

Look at banks, credit unions, and online lenders to find the best deal. Pay attention to loan fees, terms, and customer service reviews. Submit your application Once you’ve chosen a lender, complete the loan application. Ask questions if anything is unclear, and make sure the loan fits within your budget.

Equity

Realtor.com

MARCH 8, 2021

However, “given there is inherently more risk in financing a construction project, securing a construction loan is a more extensive process than obtaining a traditional mortgage,” explains Steve Kaminski , head of residential lending at TD Bank. For instance?

Loans

HomeLight

AUGUST 16, 2021

Bank of America has two national DPA programs. These classes may be available online or in-person, and you will need to supply a certificate of completion to your loan officer. Step 5: Get preapproved for your loan. Get preapproved for a loan at this stage. At this stage, you should already be preapproved.

Loans

HomeLight

SEPTEMBER 8, 2020

The Freddie Mac Home Possible loan is designed for buyers with lower credit scores. There are also other loans available for buyers with low credit scores, which your loan officer can share with you. Shop with a variety of lenders, such as credit unions, big banks, and online lenders.

Inspection

HomeLight

DECEMBER 30, 2021

The appraiser is simply a third-party professional who comes to the property to make sure the bank is lending on a property that is actually there, has the size and features (bedrooms, baths, etc.) 9 of the Best Home Staging Ideas We Could Find on the Internet. -32 Without a list, the appraiser might not notice.”.

Loans

HomeLight

JUNE 30, 2022

You also want to check your FICO score, as this is what the majority of lenders use ; you can often get your FICO score for free if your banking institution provides it, but otherwise you might have to pay for this service. Also during this stage, your lender will pull your credit report after getting your consent. Bank statements.

Purchase and sale agreement

HomeLight

OCTOBER 8, 2020

We know that a house that has fresh carpet and paint and is staged is also generally gonna sell for more money than a house that’s occupied with boxes and boxes of kids’ belongings. So, we were able to come in and do fresh paint, and carpet, and staging, and get the home shiny like a new penny. How does this look?”

Agents

Housing Wire

JULY 18, 2024

The new guidance is the result of work following 45 unique comment letters received from a variety of stakeholders, including “banking organizations, real estate companies, trade associations, nonprofits, The Appraisal Foundation (TAF), an automated valuation model (AVM) developer, loan officers, appraisers, and other individuals.”

Residential

Housing Wire

JUNE 8, 2022

The firm’s software — which it says streamlines the loan origination process by allowing document sharing and communication between loan officers and real estate agents — helped to close more than 77,000 mortgage applications per month, according to Porch. So it’s like middle-office, later stage workflow.

Mortgages

The Close

DECEMBER 29, 2022

This is when a homeowner turns a deed over to the mortgaging bank to avoid going into foreclosure. This is the amount of a property that a person (not the bank) actually owns. For example, if you put a down payment of 20% on a $200,000 home and got a loan for the rest, your home equity is $40,000. Loan officer.

Purchase and sale agreement

Realtor.com

JUNE 10, 2021

However, after the paperwork was finished and notarized—just days before the loan was expected to be finalized in mid-April—United Wholesale Mortgage declined to go through with the refinance. The lender had called to verify the couple’s employment just before the loan closed, a standard procedure. The suit was filed on Feb.

Mortgages

Notorious ROB

DECEMBER 19, 2022

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way.

MLS