Remove Due diligence Remove Inspection Remove Loan Officer
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It’s time for America to think differently about money laundering and risk assessment

Housing Wire

It gave every loan officer a national reputation and elevated the position of loan officer to one more approximating other licensed professionals. The FATF calls on all nations to exercise enhanced due diligence and to apply counter-measures when dealing with these blacklisted countries.

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Inside Fairway’s bold plan to boost reverse purchase business

Housing Wire

Because Fairway gets most of its reverse mortgage business from referral partnerships, extending to the purchase market made sense for Fairway because of the partnerships that its loan officer corps has spent so much time developing, according to Hultquist. Harlan Accola. Real estate agents hate dealing with call centers,” he says.

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Class Valuation’s CIO on solving the appraisal conundrum

Housing Wire

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

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From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

You still have to make it through the house closing process, where inspections , credit problems, or paperwork issues can trip you up. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close. Step 5: Review the Loan Estimate.

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5 Ways to Help First-Time Homebuyers

McKissock

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

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Count the Closing Costs: A Line-By-Line Guide to Closing Costs With A Mortgage

HomeLight

Home inspection. Home inspections are an important part of the due diligence process in which the property is carefully looked over by a professional. Home inspection costs range between $300 and $500, but if you paid the inspector directly, you won’t see this on your closing statement. Pest inspection.

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What Is a HUD Home? Are the Savings Worth the Risks?

HomeLight

Here, you’ll find a complete listing of HUD homes nationwide, along with photos, asking prices, appraisals, basic inspection results, bidding deadlines, and more. It’s also important to know what the inspection process involves, depending on the house’s location. “In The inspection process. Find a HUD-approved agent.