Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

Loan Officer 409

Loan Officer Pre-approval Technology Loans 409

Housing Wire

APRIL 1, 2025

Under the terms of the merger which was unanimously approved by the boards of directors of both companies HomeStreet Bank will be merged with and into Mechanics Bank. The merger, which is expected to close in third-quarter 2025, creates a combined company with 168 branches and $23 billion in assets.

Banks 362

Banks Due diligence Pre-approval Equity 362

Housing Wire

JUNE 9, 2025

Here are twelve mind-blowing ideas and prompts smart agents are using to close more deals with ChatGPT in 2025. It’s also the best brainstorming tool ever created, a perfect marketing sidekick for busy agents. Please create an Instagram caption to help sell my listing, ” or “You are a professional content marketer.

Branding 416

Branding Title Agents As-is 416

Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Cracking the code on marketing to the realtor channel. The post Redfin closes $138M deal for mortgage lender appeared first on HousingWire. Presented by: 1000watt.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. Chief Production Officer Jay Promisco said.

Pre-approval 233

Pre-approval Technology Loans Industrial 233

Housing Wire

OCTOBER 1, 2024

This shift is welcomed good news given the tough origination market over the last two years. With purchase originations recovering and a refinance market surfacing, lenders must pick up their quality control (QC) and quality assurance (QA) practices before it’s too late. One critical shift is the adoption of pre-funding QC reviews.

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Loans Pre-approval Marketing Staging 399

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better faced the deterioration of the mortgage market due to surging rates. Better HoldCo, Inc.

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Closing Pre-approval Finance Title 370

Housing Wire

APRIL 4, 2025

Doing so would close what he described as the 1099 loophole. Of course, the LO will have to shoulder most of the costs by paying their own LOA/processor, doing all marketing, eating credit report fees and more. Illustration made with ChatGPT A source called with what sounded like big news.

Pre-approval 290

Pre-approval Loan Officer Loans Brokerage 290

Housing Wire

MAY 8, 2025

Examples of a breach of fiduciary duty, according to Perigon Legal , a Georgia-based law firm, include things like declining or accepting an offer without the clients advice, permission, or approval, or receiving a bonus or other payment related to the sale of a property without disclosing it to the client. Where do private listings come in?

MLS 258

MLS Pre-approval Brokerage Agents 258

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

AUGUST 24, 2022

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.

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Pre-approval Mortgages Closing Loans 384

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 450

Lending Pre-approval Mortgages Closing 450

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.

Loan Officer 397

Loan Officer Marketing Pre-approval Mortgages 397

Housing Wire

SEPTEMBER 2, 2022

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). The multi-trillion-dollar real estate market is based on countless singular person-to-person transactions.

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Technology Earnest money deposit Loans Pre-approval 90

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. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. How does my payment look?

Pre-approval 397

Pre-approval Marketing Seller concession Mortgages 397

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. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing 384

Marketing Pre-approval Bankruptcy Loans 384

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. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human.

Lending 369

Lending Marketing Pre-qualification Pre-approval 369

Housing Wire

DECEMBER 22, 2020

Pre-approval. They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. More for Real Estate Enthusiasts.

Fixed-rate mortgage 421

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 421

Housing Wire

OCTOBER 27, 2020

Many renters are looking to get out of cramped, close quarters amid social distancing efforts, and existing homeowners are moving on to bigger properties—often in more suburban areas where space isn’t a premium. This will vary by market, but nationally, housing inventory is way down. Ultimately, every market is different.

Pre-approval 504

Pre-approval Mortgages As-is Closing 504

Housing Wire

JUNE 20, 2023

“With Figure’s built-in digital origination process, originators have a faster time to market with less upfront hassle, enabling them to serve more customers and quickly capitalize on the current rate environment,” Jackie Frommer, head of lending at Figure, said in a statement.

Lending 370

Lending Technology Pre-approval Equity 370

Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.

Pre-approval 368

Pre-approval Investor Loans Technology 368

Marco Santarelli

JANUARY 15, 2025

According to Zillows analysis, the hottest housing markets for 2025 will be largely concentrated in the Northeast and Midwest, with Buffalo, NY topping the list again. These markets stand out due to their mix of relative affordability, job growth, and a fast pace of sales. More households means more people looking for homes.

Marketing 98

Marketing Pre-approval Sales New Construction 98

Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

Pre-qualification 450

Pre-qualification Pre-approval Seller concession Finance 450

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 409

Sales Pre-approval Short sale MLS 409

Housing Wire

JANUARY 31, 2025

of Regulatory Agencies or DORA) requires all students to complete an approved course of study totaling 168 class hours. Know what to expect In order to get your real estate license in Colorado, youll need to complete 168 hours of coursework at one of Colorado Division of Real Estate’s approved schools. This is no small task.

Pre-approval 291

Pre-approval Brokerage Due diligence As-is 291

Housing Wire

JANUARY 26, 2022

increase in state licensing issues among closing agents versus the 2021 average. Closing complications. According to Suri, many of the fraud risk gaps exist in the closing process. And even as eClosings speed up processes, they can create vulnerabilities at closing for wire and title fraud. Additionally, Q4 2021 saw a 5.4%

Industrial 368

Industrial Pre-approval Title Technology 368

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. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? DG: We’ve all been keeping up with the headlines.

Loans 369

Loans Marketing Lending Pre-approval 369

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Equity 395

Equity Proof of funds Pre-approval Investor 395

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 397

Lending Loans Pre-approval Loan Officer 397

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

Pre-approval 126

Pre-approval Debt-to-income ratio Mortgages Marketing 126

Housing Wire

AUGUST 4, 2022

Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors announcement of the acquisition states. market share and a $380.2 market share and a $221.1 million premium.

Mortgages 384

Mortgages Pre-approval Loans Principal 384

Housing Wire

FEBRUARY 23, 2023

According to the company, LiteSpeed provides lenders with a POS functionality that can compete in today’s market at a lower cost and investment support for its implementation. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

Pre-approval 369

Pre-approval Loans Closing costs Branding 369

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 410

Title Pre-approval Investor Mortgages 410

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 450

Lending Mortgages Pre-approval Loans 450

Housing Wire

FEBRUARY 14, 2024

“Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

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Pre-qualification Pre-approval Fixed-rate mortgage Loans 408

Housing Wire

MAY 24, 2024

If you’re considering buying a home but worry that student debt will prevent you from securing a mortgage, you’ll need to be strategic about your approach to increase the probability of your application getting approved. A higher credit score is generally associated with high reliability, improving your chances of a mortgage approval.

Debt-to-income ratio 441

Debt-to-income ratio Loans Pre-approval VA loan 441

Housing Wire

JUNE 24, 2021

This positions real estate agents and LO’s as financial advisors and knowledge brokers in their local markets – and in a small way we believe it’s helping improve home financial literacy across the country,” says Charles J. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Pre-approval 383

Pre-approval Equity Loan Officer Brokerage 383