article thumbnail

LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters. The company was featured in HousingWire’s Tech 100 in 2022. Its other products include QuickQual , which is used by lenders in 42 states.

article thumbnail

Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

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 301
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process. What are closing costs?

article thumbnail

The Ultimate Guide to Buying a House in North Carolina

Redfin

The city is also a hotbed for technology and research, with the Research Triangle Park (RTP) nearby, attracting top-notch companies and fostering innovation. Get pre-approved from a lender Getting pre-approved from a lender is equally important with several significant benefits.

article thumbnail

The Ultimate Guide to Buying a House in Colorado

Redfin

The state’s economy is driven by various industries, including technology, tourism, energy. However, living in Colorado can also come with challenges, such as a high cost of living, traffic congestion in urban areas, and extreme weather conditions. In Colorado, closing typically occurs at a title company.

article thumbnail

Living the dream through livestream

The Residential Specialist

I explained how the contract works, and in addition to the pre-approval letter, that she should be sure she has enough available cash to cover the down payment, closing costs, and any potential appraisal gap. He was fascinated by the way people used early technology to blend music. DJ all the way. Virtual tour.

article thumbnail

iBuyer vs. Real Estate Agent: How Do the Experiences Compare?

HomeLight

An iBuyer uses technology to value the home, sometimes performs a walkthrough, and may adjust the price based on the cost of needed repairs. Sellers then pick a move date, and can often close in as little as two weeks. Closing costs. Closing costs: $7,720 (2% of sale price). All of this takes time.

Agents 92