Housing Wire

MARCH 11, 2022

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. And so, they know the local real estate agents. Dan Hultquist.

FHA loan 370

FHA loan Due diligence Loan Officer Loans 370

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 Within the past week, one of the nation’s largest retail mortgage lenders, Charlotte-based Movement Mortgage , announced the acquisition of Mortgage Network, a deal that would add $2 billion in annual loan volume, 250 mortgage professionals and 31 branch offices to its network.

Banks 427

Banks Mortgages Loan Officer Due diligence 427

Housing Wire

NOVEMBER 13, 2023

In the world of mortgage lending, there’s an all-too-common sentiment that echoes through the industry: “My loan origination system (LOS) sucks.” Adjust your expectations At its core, an LOS is designed to serve a very specific purpose: ensuring that lenders can originate compliant and sellable loans.

Lending 427

Lending Technology Due diligence Loans 427

Housing Wire

NOVEMBER 22, 2023

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.

Technology 440

Technology Due diligence Development Loan Officer 440

Real Trends

MAY 26, 2023

In the past, sales managers were sitting beside their loan officers and working loans together, serving as a role model for sales technique and exploring the strengths and weaknesses of each individual originator. You need to do your due diligence and find the right fit for you.

Sales 87

Sales Due diligence Loan Officer Loans 87

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Closing costs are typically between 2% and 5% of the loan amount but can vary significantly based on location. Closing costs can be broken up into three main categories: loan costs, title costs, and other costs.

Closing costs 105

Closing costs Closing Mortgages Title 105

McKissock

JANUARY 18, 2022

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.

Due diligence 96

Due diligence Loan Officer Agents Inspection 96

HomeLight

OCTOBER 29, 2021

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. 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.

Closing 111

Closing Inspection Title Due diligence 111

Real Trends

JUNE 16, 2022

The Real Estate Guys Radio Show hosted by professional investor Robert Helms and financial strategist Russell Gray who discuss investment strategy, economics, tax and asset protection planning, market and property due diligence, and international diversification with notable experts, industry leaders and real-life investors.

Due diligence 83

Due diligence Investor Loan Officer Agents 83

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. People need to be able to pay their loan back,” he says. What is a HUD home? Safety’s usually No.

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

Redfin

MARCH 4, 2025

Another point to consider about the pros and cons of buying a condo is that many of the drawbacks of condo ownership can be mitigated or avoided by performing due diligence before buying. Your due diligence should include the following: Review HOA documents and your financial strength.

Due diligence 31

Due diligence Land As-is Residential 31

HomeLight

JUNE 30, 2021

Even though homeowners pay dues directly to the association and not their lender, that doesn’t mean lenders turn a blind eye to this extra financial expenditure. Jennifer Hernandez, senior loan officer and top producer at Legacy Mutual Mortgage in Houston, Texas, explains how lenders consider mandatory HOA costs. “We

Mortgages 90

Mortgages Debt-to-income ratio Loans Due diligence 90

HomeLight

APRIL 19, 2021

Hiring an attorney, which is a local convention in New York , eases the burden of buyer due diligence on an entire building’s amenities, including elevator updates and hot water service. Sellers appreciate cash offers because of their faster timelines, as there’s no need to wait for a mortgage loan.

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything.

Closing 63

Closing Title search Purchase and sale agreement Title 63

Redfin

JANUARY 24, 2022

Another point to consider about the pros and cons of buying a condo is that many of the drawbacks of condo ownership can be mitigated or avoided by performing due diligence before buying. Your due diligence should include the following: Review HOA documents and your financial strength. .

Due diligence 63

Due diligence Land As-is Residential 63

HomeLight

JULY 29, 2022

When you’re buying a house, the list of what can go wrong at closing includes everything from issues with the mortgage loan and buyer’s credit, insurance snags, appraisal problems, title claims, and events beyond everyone’s control (such as natural disasters, or buyer or seller illness or death). We do all the due diligence upfront,” he says.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

The Close

DECEMBER 29, 2022

Make sure clients who see an acceleration clause in their mortgage contracts understand that this allows their lender to demand repayment of the loan in full if they default on the loan. 4 Loan Questions Worth Asking. Basically, amortization is the preset schedule of mortgage loan payments, including interest, over time.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Housing Wire

DECEMBER 9, 2024

Some loan officers are already pivoting to alternative platforms to sustain their client engagement strategies. TikTok offers the opportunity for borrowers to do their due diligence and learn about the process. Every loan officer has their own means of how to reach Realtors and potential borrowers.

Loan Officer 370

Loan Officer Mortgages Due diligence Loans 370

Housing Wire

APRIL 25, 2025

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.

Due diligence 273

Due diligence Loan Officer Banks Inspection 273