Housing Wire

NOVEMBER 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. What concerns me here is the potential for infighting in the industry over price competition.

Pre-approval 399

Pre-approval Agents Loan Officer Seller concession 399

Housing Wire

JANUARY 26, 2022

According to a Q4 analysis by MISMO-certified wire and prevention fintech FundingShield, 42% of loans reviewed by the fintech firm had at least one risk finding, and of those loans, an average of 2.1 risk findings existed per transaction. To read FundingShield’s full Wire and Title Fraud Index for Q4 2021, click here.

Industrial 305

Industrial Pre-approval Title Technology 305

Housing Wire

SEPTEMBER 20, 2022

HousingWire recently spoke to Donna Gibson, COO and president of QC Ally, about fraud prevention and loan quality outlook for the rest of 2022. 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?

Loans 318

Loans Marketing Lending Pre-approval 318

Housing Wire

SEPTEMBER 26, 2023

Verification solutions today are costly, provide limited coverage for lenders, and are often targeted to a subset of industries or employment types. Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history.

Pre-approval 321

Pre-approval Mortgages Loans Industrial 321

Realty Biz

SEPTEMBER 15, 2023

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. With the new program, the fintech industry frontrunner maintains its commitment to providing the quickest loan process in the nation. Certain restrictions may apply.

Loans 96

Loans Pre-approval Lending Technology 96

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We billion, a 54% decline from $3.76

Loan Officer 349

Loan Officer Marketing Pre-approval Fixed-rate mortgage 349

Housing Wire

DECEMBER 6, 2022

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. .

Pre-approval 316

Pre-approval Mortgages Banks Loans 316

Realty Biz

OCTOBER 9, 2023

AI chat tools are revolutionizing the real estate industry by providing a more efficient and personalized experience for consumers and businesses. For example, a homebuyer could ask the chat tool, "What is the pre-approval process?" Overall, AI chat tools offer a number of benefits for the real estate industry.

Industrial 100

Industrial Pre-approval Loans Agents 100

Housing Wire

MAY 8, 2023

The goal was to create a configurable and robust Point of Sale to Loan Origination System integration, according to a press release from the company. This eliminates the need for a secondary loan repository outside of Encompass by ICE Mortgage Technology. “Our industry is going through some interesting times.

Technology 306

Technology Sales Mortgages Pre-approval 306

Housing Wire

DECEMBER 7, 2023

While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely. This has also subjected homeowners and lenders to the whiplash of periodic policy changes.

Pre-approval 531

Pre-approval Mortgages Development Lending 531

Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The place where you see the most innovation in the real estate industry in the past decade or so is what we call ‘search-and-find.’

Lending 439

Lending Pre-approval Mortgages Closing 439

Housing Wire

FEBRUARY 21, 2023

The industry is buzzing with conversations around appraisal modernization — for good reason. It also holds great promise in attracting a new generation of bright, talented appraisers who may have otherwise not given the mortgage valuations industry a second look. Technology makes this possible as it builds new efficiencies.

Pre-approval 319

Pre-approval Technology Title Loans 319

Housing Wire

FEBRUARY 6, 2023

Along the way they have impacted other cells in the matrix that have higher credit scores and lower LTVs with some increases as well as increases to things like cash out refinances and high balance loans. Any borrower purchasing a home will be hit with a new fee between.25% 25% – 375% should their debt-to-income ratio drift above 40%.

Debt-to-income ratio 436

Debt-to-income ratio Pre-approval Loans Mortgages 436

Housing Wire

JANUARY 4, 2024

What drew you into the mortgage industry? A lot was built around those foundational technologies for what we have today in the Mello system, in the stack that our loan officers love and appreciate. A loan origination system is a big decision, it’s kind of a decade-long decision.

Technology 312

Technology Loan Officer Pre-approval Loans 312

Housing Wire

AUGUST 22, 2022

The lender approved their application for a loan with a 2.25% interest rate, with a “conservative” estimated value of the house at $550,000, pending approval. The couple believed this work increased the value of the home above its pre-improvement value. Lanham, when contacted for comment, declined to comment on the case.

Loan Officer 369

Loan Officer Pre-approval Equity Loans 369

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. billion MSR portfolio based on the UPB of loans serviced. million premium.

Mortgages 340

Mortgages Pre-approval Principal Loans 340

Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. He will also inform the listing agent that he is a veteran himself and implores them to ask any questions or express concerns they have about VA loans.

VA loan 386

VA loan Agents Pre-approval Debt-to-income ratio 386

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. mortgage industry to fund $4.1 trillion in new loans in 2020 and $3.9

Marketing 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

JANUARY 26, 2022

.” According to the company, jumbo loans will be available for both 15-and-30-year cycles. For qualifying buyers, loans can be distributed in amounts up to $3 million. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans.

Mortgages 323

Mortgages VA loan Pre-approval Lending 323

Housing Wire

NOVEMBER 30, 2023

If you’re exploring a real estate career in Akron, Cincinnati, Cleveland, Columbus, Toledo, or any other city in the Buckeye State, then your first step is to choose from the many real estate classes in Ohio to complete the 120 hours of approved pre-licensing education that the state requires.

Pre-approval 384

Pre-approval HR Inspection Finance 384

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 364

Sales Pre-approval Short sale MLS 364

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. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.

Marketing 345

Marketing Pre-approval Investor Bankruptcy 345

Housing Wire

NOVEMBER 18, 2022

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. homeowners and industry stakeholders,” Sprecher said. billion, which valued the company at $85 per share.

Title 387

Title Pre-approval Investor Mortgages 387

Housing Wire

OCTOBER 5, 2021

HW: What are some challenges lenders are facing when it comes to streamlining loan applications, particularly in this heavy purchase environment? Geoff Green: Streamlining loan applications should be getting easier as more and more mortgage technology enters the marketplace, but that is not always the case.

Mortgages 262

Mortgages Pre-approval Lending Loans 262

Housing Wire

APRIL 13, 2023

From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication. After county review and approval, documents are quickly stamped and recorded for public record.

Technology 300

Technology Mortgages Pre-approval Closing 300

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Mortgage rates have nearly doubled to around 6.5%

Mortgages 408

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 408

Housing Wire

MAY 16, 2024

Were you surprised at where the mortgage industry was technology-wise? And how do you feel about where we are now in relation to other industries? If I look at what other industries have been able to accomplish, that represents opportunity for this industry to get there and gives us inspiration.

Technology 284

Technology Pre-approval Industrial Mortgages 284

Housing Wire

OCTOBER 29, 2021

According to MBA, industry retention is only 21% because data and communication gaps erode customer trust at the two most important parts of the relationship: (1) when they first go from originations into servicing, and (2) when they need a new loan. . But how can servicers convert “customer for life” from theory to practice?

Pre-approval 378

Pre-approval Loans Technology Land 378

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. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack.

Lending 312

Lending Marketing Pre-qualification Pre-approval 312

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.

Marketing 388

Marketing Loan Officer Pre-approval Mortgages 388

Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. This is a really fun and entertaining industry, real estate,” the CEO said. billion in revenue.

Pre-approval 381

Pre-approval Mortgages Agents Investor 381

Housing Wire

JANUARY 14, 2021

It says it brings new transparency to the process by eschewing the traditional broker commission, typically 1.15% of the loan. Through its digital platform, Own Up handles the application process and receive a fee of 0.40% of the loan amount from the lender.

Pre-approval 256

Pre-approval Loans Technology Branding 256

Housing Wire

AUGUST 17, 2020

There is much to celebrate regarding Ginnie Mae ’s recent announcement that it will begin accepting eNotes (or digital collateral) from its approved issuers. For the uninitiated, spec pools are loans that have been grouped together based on common characteristics (FICO scores, product type, loan balance, etc.).

Pre-approval 206

Pre-approval Loans Investor Industrial 206

Housing Wire

JANUARY 29, 2021

Here are some of the issues the acting director highlighted on servicers: Mortgage servicers gave consumers incomplete and inaccurate information about CARES Act forbearances, failed to process forbearance requests and collected and assessed late fees despite having approved forbearances.

Mortgages 469

Mortgages Pre-approval Lending Equity 469

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ But some of those partnerships are getting turned on their head as the mortgage industry reckons with the housing market slowdown.

Loan Officer 362

Loan Officer Pre-approval Loans Agents 362

Housing Wire

SEPTEMBER 14, 2020

But our industry is not reacting to these new demands nearly as quickly as others, and that could be a problem. Low interest rates have kept refinance loan volumes robust, but no one knows for how long. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies.

Lending 448

Lending Mortgages Technology Loans 448

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

Lending 439

Lending Mortgages Pre-approval Loans 439