Tue.Sep 22, 2020

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Inside Rocket’s new strategy to win over brokers

Housing Wire

Just two months after its public debut , Rocket Companies is looking to bulk up its wholesale operation by sweetening the pot for mortgage brokers. The Detroit-based firm, which began 35 years ago as a mortgage broker shop in southeast Michigan, is rebranding Quicken Loan Mortgage Services to Rocket Pro TPO. Included in the rebranding is an entirely new, white-labeled broker-branded origination hub that will provide e-signature technology, visibility into loan status and the ability for applican

Loans 442
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The Cost of a Home Is Far More Important than the Price

Keeping Current Matters

Housing inventory is at an all-time low. There are 39% fewer homes for sale today than at this time last year, and buyer demand continues to set records. Zillow recently reported : “Newly pending sales are up 25.5% compared to the same week last year, the highest year-over-year increase in the weekly Zillow database.”. Whenever there is a shortage in supply of an item that’s in high demand, the price of that item increases.

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Low mortgage rates fuel demand for valuation and settlement services

Housing Wire

HousingWire recently spoke with Keith Murray, president and CEO of VRM Mortgage Services, about the importance of diversity in an organization and how VRM has continued to serve its clients in an unusual year. HousingWire: The term we keep hearing to describe 2020 is “unprecedented.” How has VRM continued to serve its clients in such unusual times? Keith Murray: VRM has always taken a community-first approach to serving the needs of our clients.

Mortgages 424
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4 Huge Mistakes You Might Make Moving From a City to the Suburbs

Realtor.com

Warchi/iStock There comes a time in many people’s lives—usually when the words “baby” or “school district” become a regular part of the vocabulary—when people flee the glamorous city to the charming suburbs. Add the coronavirus pandemic to the equation, and suddenly the scales tip all the more toward suburban flight happening sooner rather than later.

Branding 145
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3 Real Estate Office Hacks to Help Kickstart the Busy Season

Ready to better your Back Office? Dive into the secrets to a powerhouse back office with Brokermint expert, Jessica Souza. In this free download, she shares her 3 transformative hacks designed to clean house, get everyone on the same page, and set yourself up for success. From optimizing agent profiles to ensuring flawless transactions and boosting agent retention, these strategies are your ticket to a seamless operation.

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Fannie Mae’s Tracy Stephan: Customer-facing technology is a top priority for lenders

Housing Wire

In recent months, the mortgage industry has been hit with a surge in borrower demand as record-low rates coincide with the unknowns around a global pandemic. “Homeowners and renters have a lot of questions about navigating the financial fallout of COVID-19, leading to overwhelming demands on lenders and servicers,” said Tracy Stephan, Vice President of Enterprise Innovation, Fannie Mae and 2019 HousingWire Tech Trendsetter.

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Ginnie Mae will ban LIBOR-based mortgages

Housing Wire

Ginnie Mae , the government-owned corporation that securitizes loans backed by the Veterans Administration and the Federal Housing Administration , said it won’t accept adjustable-rate mortgages benchmarked to the London Interbank Offer Rate, or LIBOR, starting in January. For home equity conversion mortgages, known as reverse mortgages, the ban starts Jan. 1.

Mortgages 446
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Expand your small business influence with these Instagram analytics tools

The American Genius for Real Estate

(MARKETING) Instagram analytics are crucial to small business success, and it's worth looking outside Instagram's in-app analytics for options. The post Expand your small business influence with these Instagram analytics tools appeared first on The American Genius Real Estate.

Marketing 132
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[PULSE] Even during origination surge, don’t forget to brush up on compliance

Housing Wire

It’s really easy to get caught up in the moment in the mortgage industry. During this particular moment, the prevailing thought is “throughput!” It’s no secret that much of our space is busy trying to push mortgage loans through the pipeline without losing them as their sales funnels overflow. So who could possibly be thinking about compliance right now, except maybe, compliance officers?

Lending 390
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U.S. Existing-Home Sales Continued to Climb in August

Realtor.com

Xinhua/Wang Ying via Getty Images Sales of previously owned homes rose in August for the third consecutive month of sales increases, the National Association of Realtors said Tuesday, a sign that prospective home buyers remain motivated to buy despite the pandemic. Sales increased 2.4% from a month earlier to a seasonally adjusted annual rate of 6 million, according to NAR.

Sales 125
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Need Curated Pre-foreclosure Lists to Generate New Real Estate Leads? Trellis Has the Data!

Trellis is a state trial court research and analytics platform that provides Real Estate Professionals (Buyers, Foreclosure, Loan Modification, etc.) with LEADS on Pre-Foreclosures, Lis Pendes, Distressed Assets and more — to help uncover **new** opportunities and grow their business. The process is quick and easy — and all in real time. Trellis will supply you with a link to the relevant dockets, a Leads sheet and access to its UI where applicable.

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7 Amazing Trends That Are Reshaping Commercial Real Estate

Realty Biz

Commercial real estate architecture is changing every year and each year with new materials, layouts, designs and market demands that dictate how the world of real estate develops. If you want to invest in commercial real estate or just want to be in the know when it comes to new architecture movements, here are the top trends you need to know about that will leave a huge mark on commercial real estate.

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5 Crucial Questions To Ask Before You Renew Your Rental Lease Right Now

Realtor.com

Peter Dazeley / Getty Images Is your lease almost up? Before you renew your rental contract for another year, there are numerous questions you should consider, particularly in the era of COVID-19. While signing a new lease should never be done without pondering your current circumstances, the coronavirus pandemic has made it all the more crucial to weigh your options first.

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Fall Is Here

Waterfront Properties

Today, September 22nd is the first official day of Fall. The Autumnal Equinox or also called the September Equinox or Fall Equinox arrives today when Fall begins in the Northern Hemisphere and Spring begins in the Southern Hemisphere. The Fall Equinox official begins today, September 22nd at 9:31 am, the equinox occurs at the same moment worldwide. The Autumnal Equinox is the astronomical start of the fall season.

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Mortgage brokers: What they do and how to find one

The Mortgage Report

Mortgage brokers help you find the best home loan for your needs. Learn about the pros of working with a mortgage broker and how to find the right one.

Mortgages 124
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Accelerating Real Estate Sales Pipelines to Streamline Buyer Journeys

Navigated 360° tours, like YourVRTours, advance pipelines by engaging clients further along the sales funnel. These immersive experiences provide comprehensive property insights, increasing buyer intent and readiness. By embracing navigated tours, agents can optimize property exposure, better qualify leads, and streamline the sales process. Stay ahead in the ever-evolving real estate landscape with innovative technology that elevates buyer journeys and progresses pipelines more effectively.

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CMHC: Nearly Half of Canadian Real Estate Markets Have “Moderate” Vulnerability

Better Dwelling

More Canadian real estate markets are seeing increased levels of vulnerability. Canada Mortgage and Housing Corporation (CMHC) released the September edition of the Housing Market Assessment (HMA). The assessment shows almost half of Canada’s major real estate markets have moderate levels of risk now. Many markets are also benefiting from government pandemic supports.

Marketing 108
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October real estate news

Easy Agent Pro

As summer comes to a close, there is no shortage of real estate news. Lack of chemistry. Sure, there are some who think Americans have turned into a bunch of whiners since the pandemic hit, but the Consumer Financial Protection Bureau (CFPB) claims some of the complaining they see is justified. The number of complaints the bureau has received from consumers during the pandemic has almost doubled since before the crisis (up 44%).

Finance 108
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Josh Brolin Purchases Spacious $3.25M Mansion in Atlanta

Realtor.com

realtor.com, Matt Winkelmeyer/Getty Images The actor Josh Brolin and his wife, Kathryn , have switched coasts and bought a home in Georgia. Last month, Kathryn took to Instagram and announced that the couple had left California behind. In July, they purchased a $3.25 million estate in Atlanta’s Chastain Park. Due north of the city’s popular Buckhead neighborhood, Brolin’s new digs are about 15 miles north of downtown Atlanta.

As-is 107
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Researchers call for more fire-resistant homes

Realty Biz

Researchers are looking into ways to protect homes from wildfires as millions of acres across the U.S. are once again being burnt out of existence. The Insurance Institute for Business & Home Safety’s research team is focusing on what causes homes to ignite during a wildfire, and it found that 90% of homes were first ignited by embers rather than the actual fires.

Land 104
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Maximizing Your Online Presence: Tips for Real Estate Agents on Social Media

Speaker: Sarah Santa Ana, Real Estate Coach, Move4Free Realty

Networking is one of the crucial elements in every real estate organization's success. Both agents and real estate companies need to maintain robust networking links. This is why social media is essential for any real estate professional! Social media enables you to stay in touch with your present clients, maintain connections with your past clients, and engage potential customers and investors.

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How to Find Your Real Estate Niche

Agent Fire

Finding your real estate niche is an essential step towards becoming a successful real estate professional. Use these ideas to help you identify your niche. How to Find Your Real Estate Niche is just one of many great real estate strategies on The Spark.

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Boost Your Engagement by Asking Questions

RIS Media

When it comes to engagement, real estate agents need all they can get on social media. Whether you’re promoting your listings or sharing educational content, it is important to communicate with your followers in addition to regularly posting. The best way to boost your online engagement, as well as increase your exposure, is to create conversations within your social media community.

Agents 106
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Walter Schneider honoured on David Foster Foundation billboards

REM Online

The following content may have been republished here without the author's permission. The original post can be found at the following URL: Walter Schneider honoured on David Foster Foundation billboards. Please visit REMonline.com for more content like this, and contact web@remonline.com to inform us of any unauthorized reproduction. Walter Schneider, president and co-founder of Re/Max Integra, along with his wife Maria Schneider, are being recognized by the David Foster Foundation in its latest

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Home Values Continue Rising, But Rent Growth Slowing

RIS Media

August experienced increasing U.S. home values, being driven by the pressure build-up due to this summer’s housing inventory shortage. According to the August Zillow® Real Estate Market Report , the month saw the biggest month-over-month increase in nearly seven years—up 0.7 percent from July to an average of $256,663. Year-over-year, home values increased 5.1 percent—the largest annual increase since March 2019.

Marketing 109
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Rise of The Apps: Building Your Dream Tech Stack For Real Estate Success

Speaker: Trey Willard, Realtor/Team Leader at Keller Williams Realty, Inc.

In order to create continued success in today’s real estate market, realtors need to utilize an arsenal of technology that will increase their efficiency and presence on social media. Using technology to manage your prospects and tap into their needs through websites, social media, and other channels is critical for real estate success in 2022 and beyond.

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Get Your Next Meal Delivered Right To Your Door

Waterfront Properties

Take advantage of some of our local delivery services for your next meal delivery and have some of your favorite meals from a local restaurant delivered to your front door. Food Delivery services offer food deliveries for breakfast, lunch, mid-day snack, and dinner. The process is simple, go online to their website or download their app, type in your home address and search through hundreds of local restaurants and menus.

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More Waiting Until Spring, 2021

BubbleInfo

I wonder if the rest of America looks at the homes in the bottom half of this photo above and correctly guesses that they are selling in the mid-millions… Excerpts from article linked at bottom (hat tip Ray!): Would-be home sellers have numerous reasons for staying out of the market, say real-estate agents. Some are worried […]. The post More Waiting Until Spring, 2021 appeared first on bubbleinfo.com.

Agents 98
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Prospect Park South Co-op With Wraparound Windows and Terrace, Built-ins Asks $945K

Brownstoner

With an expansive terrace, three exposures and as many entrances, this roomy two-bedroom prewar in the Prospect Park South historic district offers plenty of fresh air and the feel of a maisonette or penthouse. It's on the second floor of 1409 Albemarle Road, a six-story brick apartment building that was… Read More > The post Prospect Park South Co-op With Wraparound Windows and Terrace, Built-ins Asks $945K appeared first on Brownstoner.

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Mortgage Underwriting is Loosening

BubbleInfo

We know that the ultra-low mortgage rates and tight inventory have been driving the market wild. But here’s an extra boost – the strict mortgage underwriting that began in April is being relaxed: Credit Loosening: According to the NFCI credit index, a composite measure of credit conditions, credit tightened dramatically in mid-April to its most conservative level […].

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5 Data Proven Ways Agents Can Do 18% More Business

Curious as to how you could do 18% more business? How about 14 more transaction sides per year? Check out this infographic with data from a RealTrends study to learn more.