Housing Wire

NOVEMBER 30, 2021

To address these lender needs, Black Knight developed Borrower Digital – a point-of-sale solution that delivers a single, fully integrated and customer-facing mortgage loan application solution. Additionally, the solution leverages artificial intelligence (AI) to guide borrowers through the mortgage application process.

Loans 370

Loans Pre-approval Loan Officer Mortgages 370

Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

Loans 411

Loans Pre-approval Closing Marketing 411

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. One home recently had over 60 offers!

Loan Officer 392

Loan Officer Pre-approval Marketing New Construction 392

Housing Wire

MARCH 29, 2023

“Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.” New home sales also climbed in February for the third straight month, according to the U.S. February’s new home sales showed an uptick of 1.1%

Mortgages 427

Mortgages Pre-approval Banks Loan Officer 427

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.

Marketing 440

Marketing Fixed-rate mortgage Loan Officer Pre-approval 440

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 411

Lending Loans Pre-approval Loan Officer 411

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

SEPTEMBER 22, 2022

The number of existing home sales reflects how the housing sector has been impacted by the Fed’s interest rate policies. Existing home sales declined for seven consecutive months in August, declining 0.4% Existing home sales are down 19.9% to a seasonally adjusted annual rate of 4.8 year-over-year.

Mortgages 440

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 440

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.”.

Loan Officer 411

Loan Officer Marketing Pre-approval Mortgages 411

Housing Wire

OCTOBER 1, 2024

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. One critical shift is the adoption of pre-funding QC reviews. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.

Loans 422

Loans Pre-approval Marketing Staging 422

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. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 405

Pre-approval Equity Loan Officer Brokerage 405

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I It also underwrites conventional loans and works as a marketing tool for LOs.

Loans 411

Loans Mortgages Loan Officer Pre-approval 411

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 451

Loans FHA loan Mortgages Loan Officer 451

Housing Wire

JANUARY 4, 2024

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. And it could be very simple, just thinking about, what’s the next best opportunity for a loan officer?

Technology 436

Technology Loan Officer Pre-approval Loans 436

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. With the gain-on-sale margin of 99 bps, when you cut 50 bps off of that, you’re in negative territory pretty quick.”.

Loan Officer 427

Loan Officer Loans Equity Mortgages 427

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. I have about five loan officers helping me, and I have more than 30 processors and assistants helping me.

Loan Officer 74

Loan Officer Loans Pre-approval Technology 74

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. Trouble in partnership paradise.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Housing Wire

SEPTEMBER 14, 2020

But when should the lender inject the loan officer or consultant into the process? Can the borrower shop for a loan anonymously? But without enough information about the borrower, the lender will struggle to provide a pre-approval. How early in the process must the borrower be identified?

Lending 483

Lending Mortgages Technology Loans 483

Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. When I started my career as a loan officer, there were no credit scores. The problem is that the old process resulted in racial bias as well.

Debt-to-income ratio 440

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

Realty Biz

AUGUST 21, 2023

When your mortgage pre-approval expires, it can impact your home-buying process. A pre-approval is crucial in determining your loan eligibility and understanding your purchasing power. A mortgage pre-approval is typically good for 60-90 days , so it is crucial to remember this time frame.

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Pre-approval Mortgages Loan Officer Loans 76

HomeLight

OCTOBER 5, 2020

As fate would have it, right when you’re ready to start seriously searching for a home to buy, your dream house is listed for sale as a short sale. If you don’t know about short sale requirements for buyers, you might feel like you’re out of luck. Short sales are rarer in the housing market nowadays.

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Short sale Sales Pre-approval Pre-qualification 97

HomeLight

JULY 30, 2024

You use the proceeds from the reverse mortgage to cover part of the purchase price, and you contribute the remaining funds from your own resources, such as savings or the sale of your previous home. In most cases, the older you are, the more loan proceeds you are eligible to receive when you apply for an HECM for purchase.

Mortgages 115

Mortgages Pre-approval Equity Loans 115

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. Loralynne Ball, head of retail sales for Keller Mortgage, has an even sunnier assessment. Connect with a Keller Mortgage Loan Officer. Block Rate Hikes with Lock and Shop.

Finance 90

Finance Pre-approval Loan Officer Mortgages 90

RIS Media

JUNE 2, 2021

” “What can I do with the sale proceeds?” ” “Where can I get pre-approved for my next home?” Our loan officers are looking forward to the new tool.” “This is a great opportunity for all parties” said Buyside Chief Revenue Officer, Ashley Terrell.

Pre-approval 98

Pre-approval Lending Loan Officer Equity 98

HomeLight

OCTOBER 26, 2021

But that is only a preliminary step to getting final approval for a mortgage. We’ve asked Richard Helali, Loan Officer and Sales Lead at HomeLight Home Loans , to pull back the curtain to explain what happens during mortgage underwriting. The last step is the approval process. How long will it take?

Pre-approval 104

Pre-approval Mortgages Loans Loan Officer 104

HomeLight

MARCH 2, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs you might have as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Loans are between 3%-3.5%

Closing 118

Closing Earnest money deposit Sales Inspection 118

HomeLight

JUNE 28, 2021

HUD’s Office of Housing also includes the Federal Housing Administration (FHA), an agency that insures mortgage loans issued by FHA-approved lenders to protect against losses if a borrower defaults on a loan. The buyer must work with a HUD-approved real estate agent/broker for all bidding (HUD homes are sold at auction).

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Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

MARCH 6, 2023

Closing costs in California average about 1% of the home’s sale price , and there are other pre-paid costs to consider as well. Typically, the higher your credit score, the lower your interest rate will be, which saves you money over the life of the loan. Loans are between 3%-3.5%

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Earnest money deposit Closing Sales Title 110

Realtor.com

MARCH 10, 2021

Sold on the idea of the home, the Morgans were able to secure the sale itself by ensuring their finances were in order. “We Better yet, getting prepared with a Verified Approval Letter from Rocket Mortgage® by Quicken Loans® can help prospective buyers stand out from the crowd when making an offer.

Pre-approval 72

Pre-approval Loan Officer Mortgages Finance 72

Real Trends

DECEMBER 5, 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. Trouble in partnership paradise.

Lending 95

Lending Agents Loan Officer Pre-approval 95

Realty Biz

JANUARY 19, 2024

This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. This will give you a better understanding of the loan amount you qualify for and the potential monthly payments. Next, examine your credit score and history.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Redfin

FEBRUARY 10, 2021

Later in the year, the worst of the pandemic will hopefully be behind us, and as businesses reopen and daily activities become safer, a new batch of homebuyers and sellers will enter the housing market, making for the strongest year of home sales since 2006. ”. There is a shortage of homes for sale. Get Pre-approved.

Debt-to-income ratio 76

Debt-to-income ratio Pre-approval Inspection Purchase and sale agreement 76

HomeLight

MAY 10, 2022

While both Redfin and Zillow have been around since the early 2000s and host similar types of information (such as for-sale listing details), their business models are not the same and their services vary. Hosts for-sale listings? For-sale-by-owner (FSBO) listings. of employees. of social followers. 195,792 (LinkedIn), 2.4

Brokerage 115

Brokerage Agents Pre-approval Sales 115

Redfin

MARCH 3, 2022

It’s recommended to get pre-approved before house hunting to give yourself a realistic idea of how much home you can afford ; however, a mortgage pre-approval doesn’t guarantee that your loan application will be approved. Give your loan officer full disclosure from the start – tell us everything.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

JUNE 15, 2023

Closing costs are not a part of the purchase price of the home; they are a separate collection of fees and charges required to officially administer the sale which are due, as the name suggests, on your closing date. This fee varies by company and locale; often, it’s based on a percentage of the home’s sales price rather than a flat fee.

Closing costs 98

Closing costs Closing Title Inspection 98

HomeLight

FEBRUARY 25, 2022

Ideal Agent is a website that researches national real estate sales data to find what they describe as the top 1% of agents in your local area. Usually ranked in the Top 1% in sales in their local market. Some say that, despite skepticism, the sale went well. Save money on your home sale. What is Ideal Agent?

Agents 105

Agents Pre-approval Loans Sales 105

HomeLight

AUGUST 16, 2021

With this expert-backed guide, we’re here to help: Here’s how to apply for a first time home buyers loan in eight manageable steps. Source: (LinkedIn Sales Solutions / Unsplash). For these loans, qualified first-time buyers can make a down payment as low as 3%. Step 5: Get preapproved for your loan.

Loans 105

Loans VA loan FHA loan Purchase and sale agreement 105