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VA removes pre-approval process for some loans?

Housing Wire

The Department of Veterans Affairs last week announced it is streamlining the loan approval process for borrowers with a VA-appointed fiduciary and for veteran borrowers who apply for a joint loan. Loan closings could not proceed until the VA issued its approval, which resulted in a drawn-out process.

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From consultation to closing: The definitive homebuying checklist

Housing Wire

Ill share everything you need to keep the homebuying process running smoothly from your first meeting to closing and beyond. Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours.

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Massachusetts set to bar home sellers from requiring inspection waivers

Housing Wire

The regulation takes effect for home sales that close after Oct. To support housing development, the rule exempts certain pre-sales of new construction, provided contracts are signed before substantial completion and the seller offers at least a one-year express warranty.

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How Andrew Marquis plans to close more loans in a low-inventory market  

Housing Wire

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

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How to Buy Land in 8 Steps: A Guide for Investors

The Close

Buying vacant land can be a wise investment with great returns if you plan carefully and understand what’s involved. While land can be a relatively cheap and low-effort investment compared to a house, making money from it might be trickier. Check access: Make sure you have legal access to the land. Let’s get into it!

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The BIG Point of Sale integrates with ICE Mortgage Technology

Housing Wire

The POS system technology includes a mixture of consumer and origination portals in multiple formats, such as web landing page, mobile application, and kiosk, and uses the ICE Mortgage Technology API Platform to provide a unique single point of truth database architecture.

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After mortgage lenders shut down, what’s next for loan originators?

Housing Wire

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. Reich’s division has a goal of closing $1 billion in loan origination volume this year at Go Mortgage.

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