Housing Wire

MARCH 20, 2024

The upfront lump sum can be applied toward a down payment, closing costs or other expenses related to the homebuying process. Ally Home , the residential mortgage lending arm of Ally Bank , is offering a $5,000 grant for eligible homebuyers in the select markets of Charlotte, Detroit and Philadelphia, the company announced on Tuesday.

Banks 431

Banks Closing costs Lending Equity 431

Housing Wire

AUGUST 14, 2023

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.”

Title 370

Title Closing costs Finance Land 370

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. And, in particular, closing fees.

Mortgages 370

Mortgages Technology Closing costs Title 370

Housing Wire

MARCH 9, 2023

We know that closing costs continue to be a barrier for homebuyers – especially among underserved populations and first-time homebuyers,” a Fannie Mae spokesperson wrote in an email. “We 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

NOVEMBER 13, 2023

Any person involved in selling a home knows that you cannot increase the price of your home randomly to cover the cost of commissions and other closing costs. The market sets the price of the home, and it cares little for closing costs — or what the homeowner invested in it — when determining the price for which it will sell.

Closing costs 358

Closing costs Equity Agents Technology 358

Housing Wire

MAY 23, 2022

HousingWire recently spoke with Barry Coffin, managing director of home equity title/close at ServiceLink , about the ways lenders can capitalize on these trends by revving up their home equity solutions. These digital solutions, especially those offered by ServiceLink, work just as well in the home equity title/close process.

Equity 384

Equity Title Technology Loans 384

Housing Wire

NOVEMBER 8, 2022

The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform. LodeStar Discovery provides access to title and closing fees across the U.S. LodeStar Discovery provides access to title and closing fees across the U.S.

Closing costs 370

Closing costs Title Lending Loans 370

Housing Wire

AUGUST 17, 2022

Seller concessions, which are closing costs the seller agrees to pay, are deposited as the lump sum into the buydown account. Staying nimble in a fast-paced market with the right mortgage technology. Advanced product, pricing and eligibility technology creates efficiencies and helps lenders compete in a fast-paced market.

Seller concession 410

Seller concession Mortgages Fixed-rate mortgage Loans 410

Housing Wire

OCTOBER 13, 2022

Now, thanks to United Wholesale Mortgage (UWM) CEO Mat Ishbia’s recent announcement that his company is hiring attorneys to review title and closing documents, AOLs and the risks associated with them, have been a hot topic at this year’s ALTA One conference.

Title 396

Title Closing costs Title search Closing 396

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 370

Industrial Title Lending Technology 370

Housing Wire

FEBRUARY 23, 2023

Expanding acess to digital closings At the beginning of the pandemic , as our industry was deemed essential, we saw a need to increase access to digital home closings. We are proud of our strong track record of advocating for policies and programs that remove barriers to homeownership.

Title 450

Title Industrial Purchase and sale agreement Title search 450

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. We’re not cavepeople.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

McKissock

AUGUST 24, 2022

There is probably some app or bit of technology that can resolve it all together—or at least make it easier to manage. When you are a busy agent who is strapped for time and maybe feeling a little overwhelmed, technology can simplify your life and help you be more productive. Imagine a problem you have in life.

Technology 58

Technology Agents Closing costs Title 58

Housing Wire

JUNE 9, 2022

With a fixed rate for as many as 20 years, RenoFi’s fixed-rate home equity loan provides 100% of the funds, as much as $500,000, directly to the homeowner at the time of closing, according to a news release from the startup. The new product is an addition to RenoFi’s variable rate HELOCs, which allow homeowners to borrow against their equity.

FHA loan 370

FHA loan Renovation Equity Loans 370

Housing Wire

FEBRUARY 5, 2021

HW Media CEO Clayton Collins and Scott Happ, president of Secondary Marketing Technologies at Black Knight, discuss Black Knight’s acquisition of Optimal Blue and what the industry can expect from the company’s new Secondary Marketing Technologies division. How lenders will benefit from Black Knight’s acquisition of Optimal Blue.

Loan Officer 421

Loan Officer Loans Closing costs Title 421

Housing Wire

APRIL 3, 2024

Per the lawsuit, these actions led to a typical borrower paying $865 more in closing costs for a UWM loan in 2023 than for the median wholesale lender, or more than four times the difference in 2020. Your technology has to be fantastic every day. And even those offerings generally do not convert into actual savings for clients.”

Loans 458

Loans Loan Officer Mortgages Closing costs 458

Realty Biz

OCTOBER 25, 2021

Digital closing software startup Endpoint Closing Inc. Endpoint sells a mobile-backed platform that relies on artificial intelligence-powered smarts to streamline document submission and handling and speed up the time it takes to close on a home sale. it said this week. billion worth of transactions so far.

Closing 95

Closing Title Development Closing costs 95

McKissock

NOVEMBER 2, 2020

Technology is supposed to make everything easier, and yet it is often the source of so many problems. While you can’t do your job without relying on real estate technology to some degree, you do have to be extra careful when you use it. Here are six ways technology can hurt—or even ruin—your real estate business.

Technology 81

Technology Closing costs Principal Agents 81

Housing Wire

FEBRUARY 22, 2024

SW: Looking at the mortgage space, what are some of the challenges when it comes to technology? And it seems like with technology , even when times are good, a lot of companies aren’t interested because there’s so much money to be made. But a lot of these trusted systems run on distributed ledger technology.

Technology 324

Technology Banks Mortgages As-is 324

Housing Wire

FEBRUARY 23, 2023

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.

Pre-approval 380

Pre-approval Loans Closing costs Mortgages 380

Housing Wire

MAY 5, 2023

HFAs provide affordable homeownership options to low- and moderate-income borrowers through down payment and closing cost assistance, as well as reduced mortgage payments. Optimal Blue , a division of Black Knight, Inc.

Investor 384

Investor MLS Finance Closing costs 384

Housing Wire

OCTOBER 21, 2021

The resources help families with 80% or less of the area median income for down payments or closing costs, for example. The Affordable Housing Program (AHP) requires that each of the 11 FHLBanks in America contributes 10% of the preceding year’s net income to the purchase, construction, or rehabilitation of homes.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

OCTOBER 19, 2021

The underlying dynamics, timing and skill sets required to support purchase transactions are much more complex than a refinance, in which the primary focus is on the interest rate and associated closing costs.

Closing costs 384

Closing costs Technology Lending Mortgages 384

HomeLight

OCTOBER 29, 2021

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. The closing process fills several weeks as you navigate through multiple steps to make it to the closing table. How long does the house closing process take?

Closing 84

Closing Inspection Title Due diligence 84

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 370

Closing costs Closing Loans Title 370

Housing Wire

MARCH 20, 2024

Many buyers struggled with the financial burden of covering closing costs , making it difficult or impossible to also cover the compensation for agent representation. With the advancements in technology, finding homes online has become easy and straightforward.

Debt-to-income ratio 479

Debt-to-income ratio Agents Equity Closing costs 479

Housing Wire

SEPTEMBER 16, 2020

as a $400,000 loan including cash out, they get a… quarter of a point, or $1000 credit toward their closing costs. We’re closing loans in 15, 16, 14, 13 days. You’ve got to build your own technology and we have our own technology that does a lot of work for us. It’s just your own process.

Mortgages 466

Mortgages Marketing Title Loans 466

Housing Wire

NOVEMBER 13, 2020

And while there is no legal limit on how many times a mortgage may be refinanced, closing costs and interest rate cycles effectively limit the number of times any given homeowner will pursue this option. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones.

Banks 491

Banks Loans Technology Mortgages 491

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 383

Lending Banks Loan Officer Loans 383

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

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. Walters : If we’re not at or near a bottom, we’re getting close. So if we’re not at the bottom, we got to be pretty close. A credit card is always relevant.

Marketing 370

Marketing Banks Mortgages Industrial 370

Realty Biz

JUNE 4, 2021

says it’s in growth mode after closing on a $60 million round of funding led by Zigg Capital. Spruce was founded in 2016 and has developed a real estate transaction platform that helps mortgage lenders, real estate investors, iBuyers and other PropTech firms manage closing and title processes. PropTech startup Spruce Holdings Inc.

Title 66

Title Technology Investor Closing costs 66

GeekEstate

AUGUST 19, 2021

Since fraud tends to occur at times where money is being transferred , whether it’s an earnest money deposit or other closing costs, it’s time we look outside of old school methods and embrace technology to keep our personal information and money safe. Revolutionary Technology in Real Estate. We built Paymints.io

Earnest money deposit 113

Earnest money deposit Banks Technology Closing costs 113

RIS Media

FEBRUARY 4, 2022

In 2021, our sales associates and independent brokerages continued to recognize the value in leveraging Weichert’s technology, marketing, training and coaching support to compete and grow, as evidenced by our impressive year-end results.”. Customized Technology Drives Business. Streamlined Service Begets Success.

Residential 98

Residential Brokerage Technology Closing costs 98

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

DECEMBER 30, 2022

Receive your offer within a week and close in as little as 10 days. We Buy Houses companies in Phoenix typically promise to give home sellers quick, convenient all-cash offers, and exceptionally speedy closings, often wrapping up the property sale in as few as seven days. With a signed sales agreement, the closing process will begin.

Purchase and sale agreement 86

Purchase and sale agreement Closing costs Closing Agents 86

RIS Media

MARCH 31, 2022

Technology-Empowered. Access to technology that makes it simple to run their real estate business will boost agent productivity. When it comes to selecting or building technology for your brokerage, choose tools that maximize your agents’ time in the field and simplify the experience. Supplying Support.

Agents 98

Agents Brokerage Technology Closing costs 98