Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. Or, give up looking altogether.

Pre-qualification 433

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 433

Housing Wire

JANUARY 26, 2022

As the mortgage world becomes more technologically interconnected, the risks to cybersecurity, data and infosecurity increase. According to a Q4 analysis by MISMO-certified wire and prevention fintech FundingShield, 42% of loans reviewed by the fintech firm had at least one risk finding, and of those loans, an average of 2.1

Industrial 370

Industrial Pre-approval Title Technology 370

Housing Wire

SEPTEMBER 2, 2022

Loan originator and servicer Sun West Mortgage Co. has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

Earnest money deposit 88

Earnest money deposit Technology Loans Pre-approval 88

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. This is not an Amazon order.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

FEBRUARY 23, 2023

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. When the application is complete, the loan originators give borrowers a customized needs list and a secure document upload link. “As

Pre-approval 377

Pre-approval Loans Closing costs Mortgages 377

Housing Wire

JULY 5, 2023

With the hearing’s postponement, all related pre-hearing deadlines are extended by 75 days. Black Knight also sold its loan origination system, Empower , to a subsidiary of Canada’s Constellation Software Inc. ICE initially announced the merger with its rival, mortgage software firm Black Knight, in May 2022.

Pre-approval 367

Pre-approval Loans Mortgages Closing 367

Housing Wire

OCTOBER 5, 2021

HW: What are some challenges lenders are facing when it comes to streamlining loan applications, particularly in this heavy purchase environment? Geoff Green: Streamlining loan applications should be getting easier as more and more mortgage technology enters the marketplace, but that is not always the case.

Mortgages 362

Mortgages Pre-approval Lending Loans 362

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion, down from $2.9

Title 404

Title Pre-approval Investor Mortgages 404

Housing Wire

SEPTEMBER 14, 2020

Low interest rates have kept refinance loan volumes robust, but no one knows for how long. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. Once we get the information required to issue a Loan Estimate, the clock starts ticking. Sadly, that’s not true.

Lending 457

Lending Mortgages Technology Loans 457

Housing Wire

SEPTEMBER 2, 2021

It also allows sellers access to a network of pre-approved buyers to expedite the process. HomeLight claims that it has built a “faster application and underwriting process” that allows the company to guarantee that it can close a loan in 21 days with “zero lender fees and transparent rates.”.

Pre-approval 389

Pre-approval Investor Technology Equity 389

Housing Wire

OCTOBER 29, 2021

Uday Devalla, EVP, Chief Technology Officer at Sagent. According to MBA, industry retention is only 21% because data and communication gaps erode customer trust at the two most important parts of the relationship: (1) when they first go from originations into servicing, and (2) when they need a new loan. .

Pre-approval 382

Pre-approval Loans Technology Land 382

HomeLight

JANUARY 12, 2022

How long does closing take from here? But the time required to process and underwrite the loan will be in large part what dictates the length of your closing. According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021.

Closing 112

Closing Purchase and sale agreement Pre-approval Inspection 112

Housing Wire

AUGUST 31, 2020

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. And it’s Day 1 Certainty approved.”. But we don’t. PRODUCT: AutomatIQ Borrower.

Pre-qualification 278

Pre-qualification Pre-approval Loan Officer Loans 278

Housing Wire

AUGUST 23, 2023

The business combination closing, announced Wednesday, unlocks approximately $565 million of fresh capital, including a $528 million convertible note previously committed from affiliates of SoftBank and additional common equity from funds affiliated with NaMa Capital (formerly Novator Capital). It took Better two years to go public.

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

DECEMBER 6, 2022

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. In 2019, prior to the start of the COVID-19 pandemic, there were 263,494 LOs , according to mortgage data technology company InGenius.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Realty Biz

OCTOBER 9, 2023

How Blend’s Tool Sets the New Standard One of the latest AI chat tools to enter the real estate market, Blend's AI-powered chat tool is designed to help homebuyers and real estate agents with a variety of tasks, including qualifying for a mortgage, Finding a home, negotiating an offer, and closing on a loan.

Industrial 100

Industrial Pre-approval Loans Agents 100

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 381

Technology Sales Mortgages Pre-approval 381

Redfin

JULY 11, 2023

A mortgage is a loan specifically designed for purchasing a property, commonly a home. In the event that the borrower fails to repay the loan, the lender has the right to take possession of the property through a legal process known as foreclosure. What is a mortgage? How does a mortgage work? What is PMI, and when is it required?

Pre-approval 59

Pre-approval Mortgages Pre-qualification Debt-to-income ratio 59

Realty Biz

AUGUST 3, 2023

It combines the benefits of cutting-edge technology with practical application in home remodeling and construction. Pre-Selling or Pre-Leasing Properties Investors dealing with properties that need refurbishing can use virtual renovations to showcase the potential of a space to prospective buyers or tenants.

Renovation 77

Renovation Pre-approval Investor Construction 77

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. Nguyen says he has originated $467 million in origination volume this year, closing 1311 units by the end of November. I cut [my team] down a lot.

Loan Officer 74

Loan Officer Pre-approval Loans Technology 74

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval.

Loans 370

Loans Pre-approval Equity Finance 370

HomeLight

JULY 25, 2022

While a home is usually a family’s largest purchase, it’s also a complex configuration of materials, technology as well as structural and mechanical engineering. So, as a seller, there’s a pretty good chance your home will be evaluated by both an appraiser and inspector before closing.

Inspection 98

Inspection Pre-approval Loans Finance 98

Real Trends

JULY 14, 2022

million , more in line with the pre-pandemic numbers of 2018 and 2019. Pre-marketing your listing prior to it hitting the market will allow for listing agents to gain traction on their listing , receive feedback from their peers on the property and ensure the property is ‘market ready’ to avoid the listing going stale when it hits the MLS.

Agents 52

Agents Sales Pre-approval Brokerage 52

Redfin

MAY 2, 2023

The state’s economy is driven by various industries, including technology, tourism, energy. Additionally, it’s important to review your credit report and score, as these can impact your ability to get approved for a mortgage and affect your interest rate. In Colorado, closing typically occurs at a title company.

Pre-approval 65

Pre-approval FHA loan Loans Finance 65

Realtor.com

MARCH 17, 2021

Still, now that vaccines are becoming more widely available and life soon promises to resume some semblance of pre-COVID-19 normalcy, home buyers and sellers might be wondering: Will the old ways of real estate return, too? As such, this relatively new technology is no doubt here to stay, and will only become more sophisticated over time.

Pre-approval 130

Pre-approval Residential Closing Technology 130

Real Trends

DECEMBER 5, 2022

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. In 2019, prior to the start of the COVID-19 pandemic, there were 263,494 LOs , according to mortgage data technology company InGenius.

Lending 89

Lending Agents Loan Officer Pre-approval 89

Redfin

JUNE 14, 2023

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.

Pre-approval 59

Pre-approval Debt-to-income ratio Closing costs Title 59

Realty Biz

AUGUST 29, 2023

Smart home technology allows you to easily control various aspects of your home, providing convenience, energy efficiency, and enhanced security. Expect the builder to require you to be pre-approved for a mortgage before signing the contract. Take the time to review the terms and conditions, interest rates, and repayment plans.

Construction 93

Construction Inspection Design Land 93

The Residential Specialist

JUNE 23, 2020

Even before the days of technology, people sat down and thought about the things they did every day, every week or every month, and came up with processes that allowed them to do those things very quickly. Although you can achieve basic automation without it, technology can enhance your automation game. Masterful marketing.

Pre-approval 98

Pre-approval Title search Technology Agents 98

Boom Town

APRIL 1, 2020

The majority of mortgage loans are going to be fine. His estimates show that about 88% of the loans that you’re going to do shouldn’t be affected. The Federal Housing Administration is now requiring a 680 FICO Score, which has knocked out a percentage of folks that will be trying to get a mortgage loan. Closing business.

Loans 96

Loans Pre-approval Agents Industrial 96

HomeLight

MAY 10, 2022

Operates as a technology-driven brokerage. Founded in 2004 , Redfin is a technology-driven real estate brokerage that lists homes for a lower commission of 1%-1.5%. Buyers who work with a Redfin agent can receive a rebate on the agent’s commission at closing, on average $1,500 nationwide. Information collected as of May 2022.

Brokerage 100

Brokerage Agents Pre-approval Sales 100

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. billion in loans over the first six months of 2022 — for total proceeds of $871.7 UWM’s loan production income of $296.5

Equity 404

Equity Loan Officer Loans Mortgages 404

RIS Media

OCTOBER 7, 2020

Zillow’s marketplace empowers consumers at all stages of the real estate journey, providing data, inspiration and knowledge—and connecting them with local real estate professionals who can close the deal and bring their dreams over the finish line. ” Zillow, the top residential real estate website in the U.S.,

Residential 98

Residential Technology Pre-approval Commercial 98

HomeLight

AUGUST 20, 2021

The appraisal is a crucial step in the closing process; your home must appraise for equal to or more than the sale price for the buyer’s lender to approve their mortgage. FHA loans require a special appraisal. FHA loans require a special appraisal. Pre-1978 did not require any corner sheer panels.

FHA loan 104

FHA loan Inspection Pre-approval Loans 104

HomeLight

SEPTEMBER 21, 2020

Even if you have the luxury of a few months to report to the new station, the timeline doesn’t leave much wiggle room in the typical 70 days it takes to sell a house from list to close. You also have to factor in the closing period, which can take around 45 additional days. Access hundreds of pre-approved buyers nationwide.

VA loan 109

VA loan Purchase and sale agreement Loans Agents 109

Housing Wire

JANUARY 13, 2023

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home. billion in 2021.

Pre-approval 393

Pre-approval Marketing Seller concession Mortgages 393

Housing Wire

JULY 16, 2021

Venture capital investors including Zillow founder Spencer Rascoff and Trulia co-founder Pete Flint, believe that Tomo has the potential to topple the legion of lenders that have increased market share, invested heavily in technology and lapped up record profits in recent years. history, follows a pre-seed round of $40 million.

Lending 442

Lending Pre-approval Mortgages Closing 442