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Creating a path to success in today’s purchase market

Housing Wire

Amid the traditionally busy spring homebuying season, industry professionals are looking for new paths to profitability in a tight purchase market. As these hurdles to homebuying collide with more Millennials entering the housing market, a focus on efficient automation and custom solutions could be the key to success in 2022.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

According to data from Ingenius , tens of thousands of loan officers exited the industry in 2023. But the industry was on a roller coaster with rates climbing near 7% in February and hitting 8% in October as the central bank battled to bring down high inflation. An additional 21% closed 1.5 ICE) vice president of enterprise research.

Loans 403
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Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

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. Yes, a customer should be able to fill out a pre-qualification application digitally. Market research backs that up.

Lending 294
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How Is The Market For Condominium Assignments?

Toronto Realty Blog

Those who know me – at least, through TRB, are fully aware of my thoughts on pre-construction condos, the pre-construction condo industry, and the way that pre-construction condos are sold and eventually built. Your “Buying Pre-Construction Condos and CAKE! Well, colour me flattered ! It made sense.

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One lender begins targeting Gen X for reverse mortgages

Housing Wire

One of the ways that RMF approached the decision to tackle lowering the minimum age requirement on Equity Elite came from the product development team pursuing different options to enhance its offerings, similarly to the way the idea to streamline borrower qualification came about. Generation X.

Mortgages 388
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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

This century has seen a rapid shift to a digital-first economy from the internet to portals to email marketing to smartphones to social media. HW: How has the financial industry’s response to COVID accelerated the need for digital tools? This will result in a major shift in how people use their homes and where they want to live.

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Overcoming the challenges direct-to-consumer lenders are facing

Housing Wire

Josh Lehr: Pre-pandemic, online home buying existed, but over the last year, shopping online for mortgages became much more popular and convenient as meeting in person with a loan officer was not an option. As refinances plateau and the market shifts to a purchase environment, lenders will need to do more with less.