Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Housing Wire

MARCH 9, 2023

The program would grant certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie Mae and will be rolled out this spring, according to Politico. One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. trillion in U.S.

Title 397

Title Closing costs Finance Land 397

Housing Wire

MAY 12, 2022

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. This is not an Amazon order.

Lending 315

Lending Marketing Pre-qualification Pre-approval 315

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Last year, the mortgage firm also had two loan originators produce over $1 billion in mortgages: Ben Cohen and Shant Banosian. According to the NMLS, Owning has 62 loan officers and was formed in 2018.

Loan Officer 421

Loan Officer Loans Closing costs Title 421

Housing Wire

MAY 23, 2022

Technology equals efficiency. A lot of lenders haven’t spent much money on technology for home equity processes. They’re still using legacy in-house technology for their loan origination system and their processes simply aren’t efficient. They include automated title, digital signing solutions and eClosing offerings.

Equity 340

Equity Title Technology Loans 340

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 312

FHA loan Renovation Equity Loans 312

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs 342

Closing costs Title Lending Loans 342

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The resources help families with 80% or less of the area median income for down payments or closing costs, for example. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 344

Banks Loans Equity Finance 344

Housing Wire

MARCH 22, 2023

An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. HW: How does working with an insurance agency simplify the closing process? There are also real benefits for your loan team.

Debt-to-income ratio 379

Debt-to-income ratio Closing Loans Closing costs 379

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Industrial 338

Industrial Title Lending Technology 338

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

Pre-approval 289

Pre-approval Loans Closing costs Mortgages 289

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Making a loan is all about understanding who a person is and what risk they represent. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones. Mortgage data is aged data.

Banks 490

Banks Loans Technology Mortgages 490

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 314

Lending Banks Loan Officer Loans 314

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

Closing 366

Closing Closing costs Investor Title 366

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal?

Inspection 431

Inspection Closing Closing costs Title search 431

Housing Wire

SEPTEMBER 16, 2020

Let’s start with the recent 30-year fixed rate cash-out refinance, which was introduced last week on conventional loans, with rates between 2.5% So that means that if they’re doing a cash-out and they have a 70 loan-to-value, Fannie Mae will charge them three quarters of a point. Okay, so that was from 2.5 only pays 1.5

Mortgages 466

Mortgages Marketing Title Loans 466

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”. But AOL proponents have a different take.

Title 316

Title Closing costs Title search Closing 316

Housing Wire

MAY 9, 2022

Closing costs for homeowners who jumped on the refi wave in 2021 increased at less than one-third the pace of closing costs for home purchases as homebuyers had to cope with a hot market that fueled higher home-sale prices and related settlement costs. How to avoid home closing delays in 2022.

Closing costs 354

Closing costs Closing Loans Title 354

Housing Wire

MARCH 1, 2021

But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. The wait seems tedious.

Closing 242

Closing Marketing Title Title search 242

Housing Wire

MAY 17, 2023

And if you can have a credit card with benefits, cash back and, even more, the option to offset closing costs, that’s valuable. These are world-class technologies, world-class capabilities that don’t come cheap. You saw Homepoint , for example, sold their operations to The Loan Store. Then you add 2.5

Marketing 322

Marketing Banks Mortgages Industrial 322

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 106

Finance VA loan FHA loan Agents 106

Marco Santarelli

APRIL 28, 2023

The Federal Housing Finance Agency (FHFA) recently announced changes to the loan-level price adjustments (LLPAs) for borrowers with conventional mortgages backed by Fannie Mae or Freddie Mac. A portion of these fees are “upfront” fees that are based on the risk characteristics of the borrowers and the loans they are obtaining.

Mortgages 98

Mortgages Debt-to-income ratio Loans Finance 98

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Housing Wire

NOVEMBER 9, 2023

Fannie Mae and Freddie Mac jointly announced this week that they have entered a new critical edit phase for their Uniform Closing Dataset (UCD) as of Nov. 6, informing lenders that they must address quality issues for “fatal data points” before delivering loans to either of the government-sponsored enterprises.

Loans 376

Loans Closing costs Mortgages Closing 376

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to New Mexico Below is a collection of handy online tools to help estimate your moving costs and living expenses in New Mexico — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 104

Home sale contingency Closing costs Technology Sales 104

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Maryland Below is a collection of handy online tools to help estimate your moving costs and living expenses in Maryland — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 102

Home sale contingency Closing costs Technology Equity 102

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Wyoming Below is a collection of handy online tools you can use to help estimate your moving costs and living expenses in Wyoming — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 101

Home sale contingency Closing costs Technology As-is 101

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to Vermont Below is a collection of handy online tools to help estimate your moving costs and living expenses in Vermont — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 97

Home sale contingency Closing costs Technology Sales 97

HomeLight

JANUARY 22, 2024

Get Estimate Budgeting for your move to Oregon Below is a collection of handy online tools to help estimate your moving costs and living expenses in Oregon — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 86

Home sale contingency Closing costs Technology Sales 86

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to Maine Below is a collection of handy online tools to help estimate your moving costs and living expenses in Maine — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 91

Home sale contingency Closing costs Technology Sales 91

HomeLight

JANUARY 30, 2024

Get Estimate Budgeting for your move to Montana Below is a collection of handy online tools to help estimate your moving costs and living expenses in Montana — from how much you’ll need to pay a mover to how much your current home might sell for and the proceeds you can expect.

Home sale contingency 82

Home sale contingency Closing costs Technology Equity 82

HomeLight

OCTOBER 29, 2021

How long does the house closing process take? The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. In January 2021, the average time to close was 58 days. Step 4: Submit the loan application officially.

Closing 84

Closing Inspection Title Due diligence 84

HomeLight

AUGUST 12, 2022

Closing costs: Sellers pay no closing costs; We Buy Houses ® covers them. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; We Buy Ugly Houses covers them. Individual investor fees may vary.

Closing costs 86

Closing costs Purchase and sale agreement Closing Staging 86

RIS Media

OCTOBER 2, 2020

Well-known national lenders approve loans for customers across the United States, but a smaller, local bank or credit union may offer you several advantages that a larger institution can’t. Qualification Requirements and Loan Terms. They are often less strict than banks when it comes to loan approval requirements and down payments.

Banks 53

Banks Debt-to-income ratio Mortgages Loans 53

HomeLight

APRIL 14, 2023

Closing costs: Sellers pay no closing costs; House Heroes charges no fees. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: Sellers pay no closing costs; The Local House Buyers covers them. The company has a 4.2-star

Purchase and sale agreement 88

Purchase and sale agreement Closing costs Closing Sales 88

HomeLight

JANUARY 25, 2023

Closing costs: According to the company’s FAQ page, South Florida Cash Home Buyers says it will “often” pay closing costs. Closing costs: No prep costs, no agent commissions, and no fees charged by HomeLight. Closing costs: You pay no closing costs; FL Cash Home Buyers covers them.

Purchase and sale agreement 82

Purchase and sale agreement Closing costs Closing Agents 82