Realty Biz
AUGUST 9, 2022
Every savvy real estate professional knows that the bulk of your marketing and brand-building efforts for your business are done online. There are dozens of ways to accomplish this, from paid advertising to social media marketing to email list building and more, but one of the most effective ways to build your brand as a real estate agent is to optimize your real estate website.
Housing Wire
AUGUST 9, 2022
Not many would count the title industry among the economy’s technology leaders. Candidly, there’s good reason for that. For decades, settlement services firms staked their reputations on personalized customer service and regional or local expertise, rather than cutting-edge technologies. More than a few observers have referred to us as a mom-and-pop industry because it’s comprised of a significant number of small agencies.
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Keeping Current Matters
AUGUST 9, 2022
There’s no doubt about the fact that the housing market is slowing from the frenzy we saw over the past two years.
Housing Wire
AUGUST 9, 2022
California-based mortgage lender loanDepot is shutting down its wholesale division amid plummeting origination volumes and widening financial losses in the second quarter. The decision to close the channel also reflects fierce competition from its peers in the broker space, primarily from United Wholesale Mortgage (UWM). The announcement on Tuesday came alongside a $223.8 million loss in the second quarter of 2022, more than double the $91.3 million loss in the first quarter of 2022.
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Don’t just react to changes, plan for them, so you can approach the new year with confidence, direction, and a competitive edge for your business. Having a well-defined business plan helps you chart a clear course, navigate challenges, and set a foundation for growth. This workbook gives you the key steps to outline what matters and will ensure you’re moving ahead.
GeekEstate
AUGUST 9, 2022
Taking place at the MGM on September, Blueprint is rapidly approaching. With their inaugural event a year ago, the Blueprint team attracted an amazing turn-out in the middle of delta uncertainty. Frankly, I was beyond impressed with what Vik Venkatraman and David Hirschman pulled off. A few reflections previously shared with GEM members a week after the event… Huge props go to the feat the Blueprint team pulled off this past week in Las Vegas: an amazing turn-out of proptech executives
Housing Wire
AUGUST 9, 2022
The latest non-QM player to feel the pain of the interest rate volatility afflicting the nation’s housing market this year is a Pasadena, California-based real estate investment trust called Western Asset Mortgage Capital Corp. The REIT, which is managed by investment advisor Western Asset Management Co. LLC , recently announced that it is exploring a potential company sale or merger in the wake of posting a $22.4 million net loss for the second quarter ended June 30, — on the heels of posting
Residential Realty Today brings together the best content for real estate professionals from the widest variety of industry thought leaders.
Housing Wire
AUGUST 9, 2022
Vesta Loan Origination System. Vesta is the next generation loan origination system (LOS) specifically built to help lenders transform to technology companies. Vesta is building a fault-tolerant & fully audited system of record centered around a customizable task engine that enables business teams to update and automate processes without code, and offers open API’s that allow lenders to choose or build their own point solutions.
Eye on Housing
AUGUST 9, 2022
According to NAHB analysis of the Survey of Construction (SOC), new single-family starts expanded at a fast pace in 2021. Nationally, 1,133,145 new single-family units were started in 2021, 14% higher than the units started in 2020. It marked the fastest growth rate since 2013 and the highest count of starts since the Great Recession. Among all the nine Census.
Housing Wire
AUGUST 9, 2022
AIQ by ICE Mortgage Technology. AIQ by ICE Mortgage Technology , is an omnichannel solution that leverages artificial intelligence that enables lenders, investors, and servicers to automate manual workflows and increase productivity and quality, while reducing risk and boosting ROI. Product Fast Facts. #1. Lenders — Boost productivity by 30% and increase the average customer ROI by 400%. #2.
The Close
AUGUST 9, 2022
As Realtors, we have a fiduciary responsibility to provide our clients with the best advice and options to serve their financial interests. When it comes to saving them money on capital gains taxes from selling investment properties, a 1031 exchange will almost always be in their best interest. The only problem is that 1031 exchange rules are complex.
Speaker: Abdi Ali, Sr. Lease Accounting Consultant
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets. Learn how these tools, while useful, can sometimes lead to inefficiencies that affect your time, resources, and peace of mind.
Housing Wire
AUGUST 9, 2022
CoreLogic Title & Closing Solution. The CoreLogic Title & Closing Solution syncs your order management, secures all vendor communications and document transfers, and ultimately improves your borrower’s experience. It supports retail origination – both purchase and refinance, home equity, default servicing, and wholesale lending channels.
Lighter Side of Real Estate
AUGUST 9, 2022
Even though mortgage rates dipped below 5% this past week , they’re still higher than they were just a few short months ago. This has priced some home buyers out of the market, and caused others to take a wait-and-see approach, hoping for rates to drop back down to historically low levels. It’s understandable why current buyers would want to hope and wait, but it’s impossible to say if rates will ever go back down to the 2% or 3% range, let alone soon.
Housing Wire
AUGUST 9, 2022
Qualia Connect. Qualia Connect enables lenders to standardize the way you work with title and settlement companies. Automate your operations with any title company in order to deliver secure, on-time, and error-free closings. Product Fast Facts. #1. Automated Order Placement & Information Exchange: Automatically place orders and trigger information requests directly from your LOS. #2.
Real Trends
AUGUST 9, 2022
The share of for-sale homes listed for longer than a month grew in July. During the month, the share of homes that were listed for 30 days or longer without going under contract rose 12.5% from July 2021 to 61.2%, according to a report from Redfin published on Tuesday. The report analyzed for sale listings in the 50 most populous U.S. metropolitan areas, identifying the share of “stale” listings, or those that were on the market for at least 30 days without going under contract.
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In the rapidly changing real estate landscape, achieving profitability requires a strategic approach beyond traditional methods. Our guide, "The 4 Pillars to Brokerage Profitability," outlines four essential pillars for scaling your real estate business: a seamless lead-to-close technology ecosystem, tailored integrated solutions for teams and agents, value-added success services and community support, and consumer-centric operations throughout the full homeownership lifecycle.
Housing Wire
AUGUST 9, 2022
Lending standards tightened in July with the mortgage credit availability index (MCAI) dropping 9%, the largest monthly drop since April 2020, according to the Mortgage Bankers Association (MBA). The MCAI fell to 108.8 in July as lenders streamlined their loan offerings in a shrinking mortgage origination environment, said Joel Kan, associate vice president of economic and industry forecasting at MBA.
Real Trends
AUGUST 9, 2022
No matter how the market is performing, real estate remains a relationship-centric business, even with the rise of the tech-focused brokerage model. And of course, the agent remains the key advisor entrusted with one of the biggest personal financial decisions a person will make in their lifetime. Now is the time for agents to consider who the potential homebuyers and sellers of today are and the best ways to engage with them. .
Housing Wire
AUGUST 9, 2022
Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.” Luna has worked her way through the ranks and is now among the most recognizable pros in the title industry. “I have worked every position in the title industry, from the front desk to file clerk, to copy girl, to a notary, to an escrow officer.
The Close
AUGUST 9, 2022
Innovation in real estate tech happens at a rapid pace. It seems like every week there’s a new company or tool poised to disrupt the real estate space with groundbreaking technology. As The Close’s resident real estate Technology Analyst, it’s my job to stay on top of real estate tech trends and keep our readers in the loop on the technology that could potentially disrupt the way they (and their buyers and sellers) do business.
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As the real estate market evolves, technology has become essential for success. According to NAR, only 26% of agents feel their brokerage provides the necessary tech tools and, as a result, agents seek teams and brokerages who prioritize technology investments! Whether you manage an established team or are forming a new one, this guide outlines key considerations and necessary applications to thrive.
Housing Wire
AUGUST 9, 2022
Black Knight ‘s Optimal Blue product, pricing and eligibility (PPE) engine added a location-based pricing feature amid a slowdown in the mortgage market. The functionality expansion will assist investors and lenders in promoting affordable housing in underserved markets, the firm said. The new capability automates the process of collecting census tract data to deliver applicable pricing premiums at the time of rate quote.
App Folio
AUGUST 9, 2022
Despite a historic climb in rent prices and surging demand for units nationwide, today’s property managers are contending with a.
Housing Wire
AUGUST 9, 2022
René Rodriguez, the author of the best-selling book, “Amplify your Influence: Transform how you Communicate and Lead,” is slated to share his expert insights on leadership and influence during the Vanguard Forum at HW Annual this year. Joining as the keynote speaker for what should be the most powerful room in housing, Rodriguez kicks off the invite-only forum on Oct. 4. .
The American Genius for Real Estate
AUGUST 9, 2022
How to better qualify leads: get enough information to decide how likely the opportunity will convert into sales. The post Ask these 5 questions to qualify leads like a sales professional appeared first on The American Genius Real Estate.
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Now more than ever, brokers need to provide agents with the right tools, strategies, and training to effectively demonstrate their expertise, negotiate successfully, and foster strong client relationships. So – what should brokers do to ensure this? Invest in the right technology, continuous education, and innovative marketing strategies that empower agents to stand out in a crowded marketplace.
Housing Wire
AUGUST 9, 2022
United Wholesale Mortgage (UWM), the nation’s largest wholesale lender, posted a drop in origination volume and profits in the second quarter compared to the first three months of 2022, even after maintaining its gain-on-sale margins and increasing the fair value of mortgage servicing rights (MSRs). But the Pontiac, Michigan-based lender improved its performance compared to the same period of 2021 , as the company has adopted a more aggressive pricing strategy to win in a purchase market.
BubbleInfo
AUGUST 9, 2022
The graph above shows how the 2021 off-season wasn’t off by much, with nearly half of the Nov-Jan sales closing over their list price. We probably won’t see that happen this year! On the street, it feels like the off-season is already here, which is fine. The seasonality has been topsy-turvy ever since the pandemic […].
Housing Wire
AUGUST 9, 2022
CARE. CARE is Sagent’s consumer platform that links a modern, bank-on-your-phone experience for borrowers with seamless human care from servicers. Borrowers can manage payments and escrows, plus monitor home equity, new offers, and tax matters. They can also quickly apply for and resolve forbearances and loan mods during hardships. Product Fast Facts. #1.
Sotheby's International Real Estate
AUGUST 9, 2022
With its luxurious, historic, often architecturally significant estates and dramatic vistas of the bay and the Golden Gate Bridge, Pacific Heights has long been known as one of San Francisco’s most prestigious and coveted neighborhoods. This consummately chic condominium home—occupying a full floor of a refined building and replete with superior details and amenities—is perfectly at home in its location in the very heart of this rarefied, storied setting.
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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.
McKissock
AUGUST 9, 2022
Need to get your real estate budget into shape to maximize your earnings? Whether you’re budgeting for your business or wondering how you should allocate your earnings from real estate, budgeting is crucial to succeeding in a world of commission checks. Here’s what real estate agents across the country had to say about how they approaching their real estate budgeting. 1.
Real Estate Investar
AUGUST 9, 2022
Property prices across the country have continue to slow down, with the latest data from CoreLogic showing national values declined 1.3% in the last month.
Realty Biz
AUGUST 9, 2022
Ask Brian is a weekly column by Real Estate Expert Brian Kline. If you have questions on real estate investing, DIY, home buying/selling, or other housing inquiries please email your questions to askbrian@realtybiznews.com. Question from WildCat in CA: Hi Brian, I’ve been with Sierra for three years and we’ve decided to get married. At first, I was incredibly excited about this but after a few days, I started thinking about some of the implications.
Brownstoner
AUGUST 9, 2022
We were amazed to find longtime Fort Greene grocery store Greene Grape Provisions shuttered when we stopped by this morning. The entire building was vacated by order of the DOB on Wednesday, August 3. A notice from owner Amy Bennett on the storefront, located at 767 Fulton Street, promises "We'll… Read More > The post Fort Greene Grocery Stalwart Greene Grape Shutters, Building Vacated appeared first on Brownstoner.
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BoldTrail BackOffice provides a single, streamlined solution to manage agent onboarding and billing and commission tracking and disbursements, along with agent management, reporting, and accounting - so your brokerage can run smoothly & profitably. Our #1-rated back office solutions have exactly what your business needs to deliver a seamless experience for your clients and your team.
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