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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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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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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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Closing on a House Checklist: 6 Things Home Buyers Must Do Before They Move In

Realtor.com

That’s why we’ve put together a home closing checklist, which outlines your action points in those few days leading up to settlement. Keep this closing process list handy to know you’ve done what you need to in order to close the deal. Get final mortgage approval. Get all contingencies squared away. Clear the title.

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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.

Loans 361
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6 best real estate schools in Washington (WA) for 2024

Housing Wire

Starting from: $ 235 Visit OnlineEd Also Popular Kaplan Real Estate Education Best for career mentorship Pre-recorded video content led by experienced industry leaders. Final Exam: After completing your prelicensing course, you will take a closed-book final course exam. Easy access to instructors to ask for help.

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17 Home Closing Delays and How You Can Avoid Them

HomeLight

Closing on a house seems pretty straightforward. Once the buyer and seller sign the contract, the closing process begins — and therein lies the rub. While seamless closings are ideal for everyone involved, they almost never happen unless the buyer is paying cash on the home, and even then there can be a roadblock or two.

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