Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. This is a lot different than 2008 where you needed a credit score and a heartbeat to get a mortgage. An additional 21% closed 1.5

Loans 398

Loans FHA loan Mortgages Loan Officer 398

Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. These risks should be top-of-mind for mortgage professionals, as evidenced by recent changes at Freddie Mac that emphasize risk mitigation and cybersecurity efforts. Closing complications.

Industrial 281

Industrial Pre-approval Title Technology 281

Housing Wire

APRIL 13, 2023

Simplifile by ICE Mortgage Technology electronically connects people, technologies and data in the real estate transaction to streamline their workflows. From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication.

Technology 276

Technology Mortgages Pre-approval Closing 276

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

Loans 355

Loans Mortgages Loan Officer Pre-approval 355

Housing Wire

MAY 8, 2023

Fintech software and hardware company Mortgage Automation Technologies, Inc. announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc.

Technology 283

Technology Sales Mortgages Pre-approval 283

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Presented by: Mr. Cooper. the fintech company said.

Mortgages 299

Mortgages VA loan Pre-approval Lending 299

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Mortgage rates have nearly doubled to around 6.5% Will Savage, an LO at PMC Mortgage. Before the Federal Reserve raised the federal funds rate by 0.75

Mortgages 397

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 397

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

Lending 433

Lending Mortgages Pre-approval Loans 433

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. But this is no ordinary mortgage startup. For starters, it does not originate mortgage refinancings.

Lending 432

Lending Pre-approval Mortgages Closing 432

Housing Wire

SEPTEMBER 14, 2020

But our industry is not reacting to these new demands nearly as quickly as others, and that could be a problem. We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. Setting the mortgage industry up for success.

Lending 433

Lending Mortgages Technology Loans 433

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. HW: What sets Encompass Connector apart from other digital mortgage platforms?

Mortgages 244

Mortgages Pre-approval Lending Loans 244

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Technology makes this possible as it builds new efficiencies.

Pre-approval 295

Pre-approval Technology Title Loans 295

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space. homeowners and industry stakeholders,” Sprecher said. “Our homeowners and industry stakeholders,” Sprecher said. billion, down from $2.9

Title 369

Title Pre-approval Investor Mortgages 369

Realty Biz

OCTOBER 9, 2023

AI chat tools are revolutionizing the real estate industry by providing a more efficient and personalized experience for consumers and businesses. For example, a homebuyer could ask the chat tool, "What is the pre-approval process?" Overall, AI chat tools offer a number of benefits for the real estate industry.

Industrial 100

Industrial Pre-approval Loans Agents 100

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. The sharp decline in mortgage rates during the COVID-19 pandemic fueled the U.S.

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

FEBRUARY 6, 2023

I have long argued that the GSEs should charge only for the true risk in the credit variables of a mortgage. But to make matters worse, the new matrix includes a TRID poison pill that could impact regulatory compliance, but more importantly surprise and anger homebuyers as they go through the process of loan approval.

Debt-to-income ratio 425

Debt-to-income ratio Pre-approval Loans Mortgages 425

Housing Wire

AUGUST 23, 2023

According to Garg, the company has developed a one-day mortgage product that provides a commitment letter within 24 hours. Better wants to sell this platform to other companies, becoming a “mortgage-as-a-service” company or a white-label provider of mortgage tech, Garg said. ” And what is Better.com best at?

Debt-to-income ratio 346

Debt-to-income ratio Technology Mortgages Pre-approval 346

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Read on for more about Cohen’s business strategies for 2023, his take on the housing market and what mortgage products to pay attention to this year.

Pre-approval 369

Pre-approval Marketing Seller concession Mortgages 369

Realty Biz

SEPTEMBER 15, 2023

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. With the new program, the fintech industry frontrunner maintains its commitment to providing the quickest loan process in the nation. Certain restrictions may apply.

Loans 96

Loans Pre-approval Lending Technology 96

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Pre-Foreclosure Potential.

Sales 340

Sales Pre-approval Short sale MLS 340

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. Sure, a landlord can evict you, and a mortgage company can foreclose on you.

Pre-approval 95

Pre-approval Debt-to-income ratio Pre-qualification Mortgages 95

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area.

Marketing 378

Marketing Loan Officer Pre-approval Mortgages 378

Housing Wire

DECEMBER 6, 2022

However, when mortgage rates started rising in the spring, Summers encouraged her clients to take advantage of the bank’s mortgage rate lock product. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

Loan Officer 348

Loan Officer Pre-approval Loans Agents 348

Housing Wire

AUGUST 22, 2022

A Maryland couple is suing appraisal firm 20/20 Valuations , its appraiser and mortgage lender loanDepot after their home was appraised at a far lower value than it was a few months later when they removed indications that a Black family lived there. The New York Times first reported on the lawsuit.

Loan Officer 364

Loan Officer Pre-approval Equity Loans 364

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. At the end of the day, Pascoe says the process is not all that different than purchasing a home with a conventional mortgage.

VA loan 374

VA loan Agents Pre-approval Debt-to-income ratio 374

RIS Media

MAY 19, 2021

Loan origination fee, loan discount, appraisal fee, credit report, lender’s inspection fee, mortgage broker fee, tax service fee, flood certification fee, flood monitoring, etc. Items to Be Paid at Close of Escrow. For more information on closing costs, loans and refinancing, visit REeBroker Group Loans. Lender Fee.

Closing costs 109

Closing costs Closing VA loan Pre-approval 109

Marco Santarelli

MAY 11, 2024

Local factors like job markets, industry presence, and the pace of new construction can significantly influence housing trends within a particular state or even a metropolitan area. Additionally, programs that assist first-time homebuyers with down payments or closing costs can make homeownership a more attainable goal.

Mortgages 105

Mortgages Marketing Equity Pre-approval 105

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.

Marketing 321

Marketing Pre-approval Investor Bankruptcy 321

Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. There’s a lot of buzz about record-low mortgage interest rates lately.

Pre-approval 145

Pre-approval Mortgages Loans Fixed-rate mortgage 145

Marco Santarelli

MAY 7, 2024

The survey paints a picture of consumers anticipating a dramatic rise in mortgage rates, potentially reaching a staggering 10% within three years. This prediction, if it comes true, would mean mortgage rates doubling in a relatively short period. in mortgage rates within the next year, followed by an even steeper climb to 9.7%

Mortgages 52

Mortgages Pre-approval Construction New Construction 52

Lighter Side of Real Estate

FEBRUARY 12, 2024

Pocket Dogs GIF from Hotdog GIFs “Pocket listings” are industry slang for an off-market house for sale. 6) “You’re pre-approved.” Start your agent’s day with a big fat assurance that they’re approved for some action later in the evening, and you’ll certainly have them racing home after showing homes.

Pre-approval 113

Pre-approval Agents Closing Mortgages 113

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack.

Lending 288

Lending Marketing Pre-qualification Pre-approval 288

Housing Wire

AUGUST 29, 2022

In 2021, United Wholesale Mortgage (UWM) CEO Mat Ishbia set a three-year goal to make UWM the No. Ishbia, who started running his father’s mortgage firm in 2013 and has since grown it into the country’s No. 2 lender, isn’t satisfied with second place, behind Rocket Mortgage. “I 1 lender in the country.

Equity 402

Equity Loan Officer Loans Mortgages 402

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. Donna Gibson: QC Ally just returned from the Mortgage Bankers Association Risk Management, QA, Fraud Prevention Forum. These numbers correlate with what we’re monitoring in mortgage fraud.

Loans 294

Loans Marketing Lending Pre-approval 294

Realty Biz

SEPTEMBER 30, 2023

Mortgages with Low Credit Scores Mortgages with low credit scores can appear challenging, but there are options available. Understanding how a low credit score affects your mortgage and exploring government-backed programs can help you navigate the process. Can you buy a house with bad credit?

Finance 97

Finance Debt-to-income ratio FHA loan Mortgages 97

Housing Wire

JUNE 30, 2021

As the world adjusts to its new normal, mortgage professionals are having to do the same thing. Additionally, the company’s mortgage insurance best-ex solution, OptiMIze, automatically delivers the best MI pricing available leveraging PennyMac’s highly competitive negotiated MI rates.

Pre-approval 215

Pre-approval Loans Lending Closing 215