Housing Wire

MARCH 23, 2023

An increase in MBA’s PAPI – indicative of declining borrower affordability conditions – means that the mortgage payment to income ratio is higher due to increasing application loan amounts, rising mortgage rates or a decrease in earnings. You have less people but they are more committed,” Marckwardt said. “I

Mortgages 397

Mortgages Pre-approval Fixed-rate mortgage Loan Officer 397

Housing Wire

MARCH 30, 2021

It’s no secret credit scores can hinder a potential borrower’s ability to qualify for the best loan program, which can ultimately lead to poor borrower satisfaction. Borrowers don’t always know or understand how their credit or debt-to-income ratio (DTI) impacts the type of loan they can qualify for. Or, give up looking altogether.

Pre-qualification 441

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 441

Housing Wire

APRIL 12, 2022

LO Toolkit supports loan officers on all key workflows across the entire loan process in one workspace, enabling them to be trusted advisors and operate more efficiently. It provides teams the power to close more loans, faster while reducing origination costs. Enable side-by-side loan scenarios. #3. Get More Info.

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Pre-approval Loan Officer Loans Closing 284

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. The purchase price “represents a $72.5

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

FEBRUARY 15, 2023

Steinway, who claims to have closed more than $1 billion of loan volume in his 24-year career, joined Revolution at the end of January, he said in an interview with HousingWire on Wednesday. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s a different approach to lending.

Mortgages 370

Mortgages Pre-approval Lending Loan Officer 370

Housing Wire

APRIL 4, 2022

Text sign showing hand written words FHA Home loan. Over 80% percent of FHA purchasers are first-time homebuyers, and borrowers of color obtained over 40% of FHA loans last year, according to HUD. 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.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval VA loan 370

Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

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Pre-approval Mortgages Loan Officer Loans 49

Housing Wire

MARCH 29, 2023

Historically correlated to 10-year treasury notes, the 30-year fixed rate with conforming loan balances ($726,200 or less) decreased to 6.45% last week, the lowest level in over a month, according to the MBA data. Is the spring buying season here?

Mortgages 410

Mortgages Pre-approval Banks Loan Officer 410

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. trillion in new loans in 2020 and $3.9 Labor Department.

Marketing 421

Marketing Fixed-rate mortgage Loan Officer Pre-approval 421

Housing Wire

DECEMBER 22, 2020

Fixed-rate mortgages have a set interest rate for the entirety of the loan. Adjustable-rate loans have interest rates that fluctuate after a certain amount of time. Pre-approval. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help.

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Fixed-rate mortgage Pre-approval Mortgages Loan Officer 421

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. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

Marketing 397

Marketing Loan Officer Pre-approval Mortgages 397

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases.

Mortgages 421

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 421

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said. ” Monson said.

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Loan Officer Loans Pre-approval Mortgages 384

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 363

Mortgages Pre-approval Lending Loans 363

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Kortas said he actually trains his competition and his licensing team helps loan officers get licenses because that will make the environment stronger in the long run.

Mortgages 370

Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

Pre-approval 370

Pre-approval Technology Title Loans 370

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.

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VA loan Agents Pre-approval Debt-to-income ratio 397

Housing Wire

MAY 12, 2022

Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human. This is not an Amazon order.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

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.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Pre-approval 394

Pre-approval Equity Loan Officer Brokerage 394

Housing Wire

AUGUST 31, 2020

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. And it’s Day 1 Certainty approved.”. But we don’t. PRODUCT: AutomatIQ Borrower.

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Pre-qualification Pre-approval Loan Officer Loans 307

Housing Wire

APRIL 18, 2023

Since launching as a call center in 2003, the California lender has expanded into the outside distributed retail model with a target on the purchase mortgage market, serviced its own loans and developed its tech stack in-house. Kim: NAF bought Marketplace Home Loans in 2018. NAF has been servicing its own loans.

Loan Officer 370

Loan Officer Loans Pre-approval Mortgages 370

Realty Biz

DECEMBER 20, 2021

According to a new report, choosing the right lender or loan officer is by far the most important decision you will make when entering into a new home transaction. Pre-approval. When you’ve decided which lender to use, you need to begin the pre-approval process. Finding that Perfect House.

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Pre-approval Loan Officer Loans Finance 113

Keller Williams

AUGUST 17, 2022

Over the next several months, the housing market will be more in line with pre-pandemic market conditions,” shares KW chief economist Ruben Gonzalez. As a partner of Keller Williams, our loan officers are here to provide your clients with the easiest home financing experience available,” says Ball. “We

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

Realty Biz

DECEMBER 14, 2021

According to a new report, choosing the right lender or loan officer is by far the most important decision you will make when entering into a new home transaction. Pre-approval. When you’ve decided which lender to use, you need to begin the pre-approval process. Finding that Perfect House.

Pre-approval 109

Pre-approval Loan Officer Loans Finance 109

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 432

Loans FHA loan Mortgages Loan Officer 432

RIS Media

MAY 4, 2022

By combining their purpose-built platform of Online Self Study (OSS) with personalized feedback, professional education provider, The CE Shop, has announced it now offers a more engaging and modern approach to taking NMLS-approved courses. The CE Shop’s mortgage courses are available in every state plus the U.S.

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Pre-approval Loan Officer Inspection Industrial 98

Redfin

AUGUST 13, 2020

Clearing your way to get approved for a home loan will ensure that you are ready to act when that dream home appears on the housing market. Follow these ten steps for how to get a home loan and put a plan in place to finance what will most likely be the biggest purchase of your life. How to get a home loan in 10 steps.

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Realtor.com

DECEMBER 20, 2021

Real estate agents don’t typically deal with the loan process. “The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , “Then ask each of them how much down payment you’ll need for pre-approval for a mortgage.”

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Pre-approval Loans Loan Officer VA loan 137

Housing Wire

SEPTEMBER 14, 2020

Low interest rates have kept refinance loan volumes robust, but no one knows for how long. While other industries have learned to deliver high levels of customer engagement and satisfaction to online consumers, too many lenders are still originating loans much as they were 20 years ago. Is this a low-risk, low-LTV loan?

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Lending Mortgages Technology Loans 466

C4D Crew

JANUARY 13, 2022

This article will break down the home buying process from loan to close. . Before the Loan. Make sure to include everything in your estimate, including groceries and student loans. Most loans require at least a 3.5% If you’re a veteran who qualifies for a VA loan, you might not have to put any money down at all. .

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Loans Closing Pre-approval VA loan 52

Realtor.com

APRIL 29, 2021

Yet home loans aren’t always easy to understand—and there’s a lot of misinformation out there about how mortgages work. “A Plenty of loan programs accept far less. And PMI can be pricey, amounting to about 1% of your whole loan—or $1,000 per year per $100,000. of your loan—that’s quite a spread.

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Pre-qualification Pre-approval Mortgages Fixed-rate mortgage 122

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. In turn, thousands of loan originators could soon be looking for a new lender to hang their license. They weren’t so small that they couldn’t handle us.”

Loans 397

Loans Mortgages Loan Officer Pre-approval 397

RIS Media

AUGUST 19, 2021

“With Rocket Mortgage, I’m able to get people approved fairly quickly, and they are as flexible and available to me as I am to my client,” says DaCosta, an agent at Better Homes and Gardens Real Estate Metro Brokers. “I also have two loan reps who are there when I’m putting in a loan referral.”

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Pre-approval Mortgages Loan Officer Marketing 98

Real Trends

JUNE 14, 2023

You don’t have to know how to do loans yourself, but you do need to know what questions to ask of the lenders you’re dealing with. Not all lenders specialize in all types of loans. Questions to ask any mortgage lender you may work with What types of loans does your company specialize in? Adjustable rate mortgages?

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Pre-approval Mortgages Loans Loan Officer 66

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 98

Finance Debt-to-income ratio FHA loan Mortgages 98

Realty Biz

MARCH 9, 2021

For most loans like FHA, USDA, VA, or even most Fannie Mae and Freddie Mac home loans, the borrower must plan to live at the home as their main residence. The parents can sign the loan on behalf of their child. Getting Pre-Approved for the Family Opportunity Loan. Understanding Owner Occupied Rule.

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Pre-approval Earnest money deposit Debt-to-income ratio Loans 144