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Redfin closes $138M deal for mortgage lender

Housing Wire

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. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

Closing 370
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Is a Mortgage Pre-Approval Letter Necessary to Make an Offer on a House?

Realtor.com

. “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? .”

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Pre Approval vs Pre Qualified vs Underwritten Pre Approval: What’s It All Mean?

HomeLight

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.” Don’t let that be you!

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How the Fed’s rate hike will affect the housing market

Housing Wire

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

Marketing 414
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Download these 9 real estate prospecting letter templates that actually work

Housing Wire

If you opt for the handwritten note option, I’d shorten this by removing the last paragraph and jumping straight from the data to the closing sentence. My name is (your name), and I’m a licensed real estate professional with (your brokerage). You’ll want to include the list price, sale price, and days on market. Great news!

Brokerage 370
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Fintech startup Tomo breaks into jumbo mortgages

Housing Wire

And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Last year, the company, which pegs itself as a disrupter of the mortgage market, had a $70 million seed round , one of the largest ever raised in the U.S., Presented by: Mr. Cooper. the fintech company said.

Mortgages 340
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Buyside launches a new home valuation pages feature

Housing Wire

After years of aggregating behavioral data from homebuyers and homesellers at the largest real estate brokerages in the country, Buyside is proud to announce the launch of their expansion into core & ancillary services by focusing on the homeowner. Williams IV, CEO, Buyside.