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.

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Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead. I thought it was sparse.

Lending 411

Lending Loans Pre-approval Loan Officer 411

Housing Wire

APRIL 8, 2021

Here are some of the key tactics and pieces of advice, shared by industry professionals on the housing market’s front lines, that go into creating an initial offer to buy a home, along with the negotiations you should be poised for if you catch the seller’s attention. In an extremely competive market?

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Keeping Current Matters

DECEMBER 1, 2021

Pre-Approval: the Best Opening Play To Make as a Homebuyer. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? Bottom Line.

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Pre-approval Marketing Loan Officer Lending 288

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

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Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

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Housing Wire

MAY 3, 2024

As a result, sellers who are winning in this market spent time making sure their homes are in show-ready condition. These buyers understand that more inventory is coming to the market and that they will have options. After the last crash, builders scaled back significantly and never fully recovered to pre-2007 levels.

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Pre-approval Lending Inspection Land 447

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. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

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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.

Loan Officer 411

Loan Officer Marketing Pre-approval Mortgages 411

Housing Wire

JANUARY 18, 2023

In a letter to shareholders following its first quarter earnings, Opendoor said it is preparing to launch a fully digital financing product that can provide a pre-approval in less than 60 seconds with Lower as a “strategic partner.”. population. Lower originated $4.19 billion in production volume in 2022, down 46.9%

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Mortgages Pre-approval Lending Finance 392

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. 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? DG: We’ve all been keeping up with the headlines.

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Loans Marketing Lending Pre-approval 370

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending. It’s the local relationships.

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Mortgages Pre-approval Lending Loan Officer 370

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. Once that alignment is in place, ongoing marketing for the customer journey and contextual cross-sell/upsell can, and should, occur.

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Mortgages Pre-approval Lending Loans 363

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.

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BAM Media

APRIL 3, 2025

housing market. Read on for three responses you can give to alleviate housing market fears and become your clients go-to real estate guide. Panic Sells The internet is full of people trying to convince us that their alarmist posts on the housing market are just telling it like it is. Turns out, loads of them are active on X.

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Housing Wire

JANUARY 26, 2022

And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Building the next generation of tech: Three ways to digitize home lending. Last year, the company, which pegs itself as a disrupter of the mortgage market, had a $70 million seed round , one of the largest ever raised in the U.S.,

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Mortgages Pre-approval VA loan Lending 370

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Cracking the code on marketing to the realtor channel. Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8

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Closing Mortgages Loan Officer Pre-approval 370

HomeLight

OCTOBER 27, 2020

Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Marcus Rittman, director of mortgage operations at HomeLight Home Loans, has seen that “the catalyst for most homeowners wanting to get approved for a mortgage is finding a home that they love.” Don’t let that be you!

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Housing Wire

DECEMBER 1, 2023

FICO), the company that retains the rights to the market’s adopted methodology to measure consumer credit risk, will charge one price – higher than the current price – to all mortgage lenders, independent of their volumes. In 2024, Fair Isaac Corp.

Mortgages 477

Mortgages Pre-approval Closing costs Lending 477

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

VA loan 411

VA loan Agents Pre-approval Debt-to-income ratio 411

Marco Santarelli

FEBRUARY 7, 2025

The question on everyone's mind: Is the 2025 housing market poised to repeat the disastrous events of the 2008 crash ? While market adjustments are always possible, the key differences in supply and demand, lending practices, and overall market psychology make a repeat scenario highly unlikely.

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Pre-approval Debt-to-income ratio Marketing Lending 87

HomeLight

JUNE 19, 2023

Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common. Learn More What’s a pre-qualification? And voila, within minutes, you have a pre-qualification.

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Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. When rates are surging, lenders’ capital markets teams have trouble selling loans locked at a lower rate because investors demand higher returns.

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Mortgages Pre-approval Loans Closing costs 392

Housing Wire

MAY 4, 2022

This article is part of our housing market economic update series. At the end of this series, you can join us on May 10 for a Housing Market Update webinar. Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise.

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Debt-to-income ratio Equity Pre-approval Finance 392

First Team Real Estate

AUGUST 31, 2020

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? Here are the steps you need to take to get pre-approved for a mortgage loan and the most important facts you need to get you there.

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Pre-approval Pre-qualification Loans Mortgages 98

Housing Wire

JANUARY 31, 2023

billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients. Morgan , launched in September 2022, enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs).

Loans 411

Loans Mortgages Loan Officer Pre-approval 411

Housing Wire

MAY 16, 2022

In 2022’s changing market, non-QM has been a hot topic for many. HousingWire recently caught up with Steven Schwalb, managing partner of Angel Oak Lending, about the changes investor appetite has gone though for non-QM. Steven Schwalb: The investor appetite continues to be strong even in today’s volatile market.

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Investor Pre-approval Loans Lending 370

Housing Wire

FEBRUARY 18, 2022

The sights, sounds and smells of quarter-mile drag racing were something to behold for a pre-teen boy living in the suburbs of Los Angeles, and getting to be “part” of the pit crew really brought out my love of all things mechanical. On January 1, 2021, PAREA became approved as an alternative way of gaining experience.

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Pre-approval Technology Lending Industrial 392

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. Multiple LOs told HousingWire that they’ve had to cut pre-approvals for FHA borrowers by about 15% in response to the rise in interest rates. 85%) back to the pre-crisis level of.5%,”

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FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

JUNE 30, 2021

This isn’t an easy task, considering brokers have to adjust while also managing a high volume of clients due to the booming housing market. PennyMac also provides a monthly “POWER Your Business” webinar series to educate brokers on the market landscape and help them stay on top of industry and market trends.

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Pre-approval Loans Lending Closing 335

Housing Wire

AUGUST 27, 2021

A recent syndicated article on racial bias from The Markup on racial bias, published by ABC news, AP, Market Watch and more, has drawn a great deal of attention from trade groups, policy makers and housing advocates with support from some and attacks from others. When I started my career as a loan officer, there were no credit scores.

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Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 440

Keeping Current Matters

SEPTEMBER 1, 2021

Finally, it’s important to talk to someone who understands the market and what it takes to become a first-time homebuyer. A trusted advisor can help you navigate your specific market and talk you through all the available options. That’s where we come in. Most importantly, we can help you understand how homeownership is achievable.

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Housing Wire

AUGUST 23, 2023

Better faced the deterioration of the mortgage market due to surging rates. The product allows customers to go online, get pre-approved, lock their rate and get a binding mortgage commitment letter from Better Mortgage within 24 hours. It also dealt with the bad press after Garg laid off employees via Zoom in December 2020.

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Closing Pre-approval Finance Title 370

Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. When Should You Get Pre-Approved?

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Pre-approval Debt-to-income ratio Loans Banks 80

Housing Wire

DECEMBER 20, 2021

The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. A component of the American Rescue Plan Act, it was approved by Congress in March. Department of the Treasury approval. Each state must also submit its own HAF plans to the Treasury for approval.

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Pre-approval Loans Mortgages Principal 411

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. It’s been about two months since UWM rolled out its new pricing strategy and Ishbia says he is already seeing the impact on the market. . Multibillion dollar investment.

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