Keeping Current Matters

APRIL 24, 2023

If you’re buying a home this spring, today’s housing market can feel like a challenge.

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Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. Chief Production Officer Jay Promisco said.

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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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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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Realtor.com

JANUARY 16, 2023

. “While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? .”

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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

FEBRUARY 4, 2021

There’s no doubt we’re in a seller’s housing market. With inventory at record lows, demand surging and prices on the rise, buying — even just finding — a home in today’s market is quite the challenge. Are you hoping to buy a home in 2021’s hot housing market ? A homebuyer’s guide to a competitive housing market.

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Bigger Pockets

JANUARY 17, 2024

Out-of-state investing is a great option if you’re looking to venture beyond your backyard, but finding the perfect market can be a challenge. Not to worry—our hosts have been in […]

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Toronto Realty Blog

OCTOBER 19, 2022

Should Prospective Tenants Be “Approved” Before Viewing Properties? I’ve written a lot about the rental market so far this year; more than usual. Much of what we discuss pertains to statistics, whether it’s listings, leases, or the absorption rate, or how this impacts the resale market. Screening them.

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Housing Wire

JANUARY 31, 2023

It’s also what keeps Andrew Marquis, regional vice president at CrossCountry Mortgage and Scotsman Guide ’s seventh top LO, up at night, especially as he sees more buyers entering the market. How has business been in the Boston market? Andrew Marquis : Markets are very different from city to city and state to state.

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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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Housing Wire

JULY 3, 2023

PrimeLending , a Texas-based retail mortgage bank, aims to expand its market share by growing within its existing footprint in a margin-thinning environment. We’ll reach out to those loan officers in markets where we have existing retail branch locations. The goal is to expand its overall market share to 1% this year from 0.6%.

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Windemere Buying

FEBRUARY 24, 2021

To set yourself up for a smooth and successful home purchase , getting pre-approved is perhaps the most productive first step you can take. The Pre-Approval Process There is an important distinction to made between two important steps of your mortgage application process: pre-qualification and pre-approval.

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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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RIS Media

MARCH 25, 2021

If you’re just starting out with the home-buying process, you may want to get a mortgage pre-approval. This is a statement from a lender that informs you of a certain amount you are qualified to borrow, as well as a specific pre-approved interest rate. Not only will this help you, but to sellers and agents as well.

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Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. market share, IMF data showed. Agents submitting an offer at 8:30pm? The lender originated $10.6

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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

NOVEMBER 14, 2023

The program was launched in the fall of 2022, and helps renters build their credit history and improve their credit score as they prepare to enter the housing market or find a new rental. “We In August 2021, Fannie Mae began including on-time rent in its underwriting decisions.

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Housing Wire

APRIL 12, 2024

starter home, up 8% from a year ago and up nearly 100% from pre-pandemic figures, Redfin reported. Buying typically requires a sizable down payment and approval for a mortgage — things that are difficult for many people today, when the typical down payment is near $60,000 and mortgage payments are sky-high.

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Housing Wire

JUNE 20, 2023

“With Figure’s built-in digital origination process, originators have a faster time to market with less upfront hassle, enabling them to serve more customers and quickly capitalize on the current rate environment,” Jackie Frommer, head of lending at Figure, said in a statement.

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Housing Wire

AUGUST 24, 2022

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. The product is free for eligible Tomo mortgage transactions and is launching on September 8, 2022, but underwritten pre-approvals are now available. trillion purchase mortgage sector.

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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.

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Marco Santarelli

APRIL 20, 2024

The US housing market has been on a wild ride in recent years. However, a gradual increase in housing inventory could offer more breathing room for those still in the market. Let's find out some of the expert predictions for the next two years in the US housing market. However, the tide seems to be turning.

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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. 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.

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Housing Wire

FEBRUARY 1, 2023

The slowdown in the Federal Reserve ‘s short-term rate hikes , announced on Wednesday, was welcome news for the mortgage market and solidified expectations that the 30-year mortgage rates will drop throughout 2023. We have a lot of clients reaching out for pre-approvals.

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Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. initially slated for the fourth quarter of 2021 , is dim given market conditions. Better.com originated $9.8

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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. .

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Housing Wire

OCTOBER 1, 2020

Effective Thursday, homebuyers on Realtor.com who say they wish to be pre-approved for a mortgage will see an advertisement from Rocket Mortgage that will allow them to receive pre-approval in as little as 20 minutes. It’s being rolled out in hundreds of test markets. ” he asked.

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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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Realty Biz

MARCH 13, 2024

This article explores the key factors home buyers need to know about the Maryland housing market this year. Getting Pre-Approved For A Mortgage In a seller’s market like Maryland, getting pre-approved for a mortgage loan should be one of the first steps for hopeful buyers. Zillow forecasts a 2.8%

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Housing Wire

FEBRUARY 23, 2023

According to the company, LiteSpeed provides lenders with a POS functionality that can compete in today’s market at a lower cost and investment support for its implementation. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

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Keeping Current Matters

JULY 13, 2021

In real estate, it’s normal to see ebbs and flows in the market. As the economy rebounds and life is returning to normal, the real estate market is expected to have an unusually strong summer season. If you’re looking to buy , some relief is on the way in the form of more homes coming to the market. This isn’t a typical summer.

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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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Housing Wire

JUNE 25, 2021

We’re living in a seller’s market, with minimal inventory and low interest rates. If you’re shopping for a home in today’s seller’s market, you’re most likely going against several other buyers. A homebuyer’s guide to a competitive housing market. 5 tips for buying a home in a seller’s housing market. Get Pre-Approved.

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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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Keeping Current Matters

AUGUST 31, 2020

Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. Javier Vivas, Director of Economic Research at realtor.com, explains : “COVID-19 has accelerated earlier trends, bringing even more buyers than the market can handle. As you can see, the market is gaining steam.

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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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