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. billion in the first six months of 2023, according to data from Inside Mortgage Finance.

Pre-approval 396

Pre-approval Loans Finance Mortgages 396

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. If this is to happen, buyer agents and mortgage companies will be forced to adapt. Smart loan officers will offer to work directly with listing agents to vet offers and provide pre-approvals.

Pre-approval 407

Pre-approval Agents Loan Officer Seller concession 407

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.

Pre-approval 55

Pre-approval Mortgages Inspection Finance 55

Housing Wire

JANUARY 31, 2023

Lack of inventory is an issue builders and mortgage loan originators alike are dealing with across the nation. 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.

Loans 345

Loans Pre-approval Closing Marketing 345

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

Pre-approval 292

Pre-approval Loans Closing costs Mortgages 292

Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

Lending 440

Lending Mortgages Pre-approval Loans 440

Keeping Current Matters

NOVEMBER 17, 2020

Through all the challenges of 2020, the real estate market has done very well, and purchasers are continuing to take advantage of historically low mortgage rates. However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. Be patient during your home search.

Sales 267

Sales Pre-approval Industrial Mortgages 267

Housing Wire

NOVEMBER 18, 2022

A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange , Inc. . The sale of TitlePoint is not conditioned on the completion of ICE’s acquisition of Black Knight.”. Black Knight is preparing to be acquired by ICE, the other behemoth in the mortgage data space.

Title 392

Title Pre-approval Investor Mortgages 392

Better Dwelling

DECEMBER 15, 2021

Especially buyers that have mortgage pre-approvals […]. The post Canadian Real Estate Sales Elevated By Mortgage Rates Expiring: National Bank appeared first on Better Dwelling. The Big Six bank said home buyers are trying to purchase before the Bank of Canada (BoC) raises rates.

Banks 101

Banks Pre-approval Sales Mortgages 101

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage.

Pre-approval 109

Pre-approval Mortgages Equity Principal 109

Housing Wire

SEPTEMBER 14, 2020

We have already seen evidence that mortgage servicing is forever changed and purchase money lending will suffer, at least in the short term. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. Setting the mortgage industry up for success.

Lending 451

Lending Mortgages Technology Loans 451

Realty Biz

JANUARY 29, 2022

It’s not a deal easily undone once the final papers are signed, so it makes sense to understand the ins and outs of mortgages before taking the leap into homeownership. Here are six mortgage mistakes to avoid (and what to do instead). Not Getting Pre-Approved. Get pre-approved for a mortgage.

Pre-approval 127

Pre-approval Mortgages Closing costs Principal 127

Realty Biz

MARCH 30, 2023

Regardless, there are many things that first-time home buyers aren't aware of when it comes to getting a mortgage. We've put together a brief mortgage guide with the key information you need to know. To get the best rate for your situation, be sure to look closely at each type of mortgage. Let's take a closer look.

Mortgages 102

Mortgages Pre-approval Pre-qualification Due diligence 102

Keeping Current Matters

AUGUST 31, 2020

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. Buyers who are pre-approved are definitely a step ahead when it’s time to make an offer.

Pre-approval 281

Pre-approval Sales Mortgages Marketing 281

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 414

Marketing Fixed-rate mortgage Loan Officer Pre-approval 414

Housing Wire

MARCH 27, 2024

With its supercharged growth over the past two years, it is no surprise that The Real Brokerage topped the 2024 RealTrends 500 Top Movers list for both transaction side count and sales volume. In 2023, Real recorded 48,905 sides, up 14,721 sides from 2022, and a sales volume of $21.2 billion, up $6.80 billion over the prior year.

Brokerage 450

Brokerage Pre-approval Branding Agents 450

Housing Wire

FEBRUARY 28, 2023

Digital mortgage lender and nonbank home loan provider Better.com has launched “Equity Unlocker,” a mortgage innovation that allows employees to pledge vested stock equity as collateral for a down payment without selling their stock. Better’s loan origination system Tinman is powered by AWS.

Equity 377

Equity Pre-approval Loans Finance 377

HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer.

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Pre-qualification Seller concession Pre-approval Closing costs 92

Marco Santarelli

APRIL 24, 2024

Mortgage rates , a crucial factor impacting your monthly payments, can add another layer of complexity. This year, rates have been on an upward climb, exceeding 7% for a 30-year fixed mortgage. In a competitive market, a buyer with a pre-approved mortgage is often seen as more attractive by sellers.

Pre-approval 52

Pre-approval Mortgages FHA loan Fixed-rate mortgage 52

Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

Pre-qualification 433

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 433

Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. Barton also declared Zillow would be “cash flow positive” after completing the sales. billion in debt.

Pre-approval 385

Pre-approval Mortgages Agents Investor 385

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Various mortgage finance innovations facilitated larger loans at the same monthly payment to keep up with growing home values – which is one reason why house prices kept going up.

Debt-to-income ratio 358

Debt-to-income ratio Equity Pre-approval Finance 358

Realty Biz

JANUARY 15, 2024

Before utilizing this option, many buyers will look to qualify for two mortgages instead. You can also get a second traditional mortgage and carry both until you sell. One risk is the possibility of carrying two mortgages simultaneously, which can strain your finances. What Are Ways to Finance the Purchase?

Pre-approval 105

Pre-approval Purchase and sale agreement Finance Equity 105

Realty Biz

SEPTEMBER 15, 2023

Guaranteed Rate, a fintech provider of mortgage lending and digital financial services, has announced its latest offering, 5 Minute Approval. The 5-minute pre-approval from Guaranteed Rate pertains to a computerized assessment of the loan documents provided by the borrower and the subsequent pre-approval.

Loans 96

Loans Pre-approval Lending Technology 96

Realty Biz

AUGUST 12, 2023

Buying a home is a significant decision, and understanding mortgage terms can make the process smoother. Here are some key terms and their definitions: Mortgage : A loan specifically used to purchase real estate. Fixed-Rate Mortgage : A mortgage in which the interest rate remains the same for the entire term of the loan.

Purchase and sale agreement 97

Purchase and sale agreement Mortgages Pre-approval Title search 97

Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

Industrial 387

Industrial Purchase and sale agreement Pre-approval Banks 387

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Barnes, a branch manager at Mann Mortgage , recently had a client who planned to live in a new home for five years before selling it. With rates around 6.9% versus a 6.5%

Loan Officer 382

Loan Officer Loans Seller concession Pre-approval 382

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.

Marketing 390

Marketing Loan Officer Pre-approval Mortgages 390

Housing Wire

MARCH 3, 2022

There are also alternatives to foreclosure such as compromise sales and deeds in lieu of foreclosure. As economic factors continue to affect borrowers and the risk of delinquency rises, mortgage servicers need to be proactive in helping borrowers navigate their situation and loss mitigation options. Presented by: ACES.

VA loan 341

VA loan Pre-approval Principal Loans 341

Marco Santarelli

MAY 19, 2024

Revised mortgage forecasts for 2024 predict HIGHER rates. As we approach the halfway mark of the year, let's dissect the latest expert predictions on mortgage rates and home prices to help you chart your course in this ever-changing market. Factors Driving Mortgage Rates in 2024 So, what's driving this upward trend in rates?

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Realtor.com

AUGUST 13, 2020

Step 1: Getting mortgage pre-approval. Still other buyers might also be home sellers who first need to close on the sale of their old house before they can buy their next house. If problems crop up—with the home inspection, appraisal, mortgage, or other things—then the real estate buying process could take even longer.

Pre-approval 143

Pre-approval Pre-qualification Due diligence Loans 143

Marco Santarelli

APRIL 20, 2024

Soaring home prices fueled by historically low mortgage rates created a frenzy of buyer activity. Rising interest rates have cooled buyer enthusiasm, leading to slower sales and questions about the future. Mortgage rates are likely to remain elevated compared to historic lows, impacting affordability for some buyers.

Marketing 105

Marketing Pre-approval Fixed-rate mortgage New Construction 105

Housing Wire

DECEMBER 20, 2021

While the family’s income has been cut by almost half and inflation has increased their expenses, Wilen’s primary concern is his mortgage. The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. “They’ve had a manageable budget due to mortgage forbearance. .

Pre-approval 345

Pre-approval Loans Mortgages Principal 345

Housing Wire

JUNE 24, 2021

The new features not only answer what someone’s home is worth, it also presents estimates of how much equity the homeowners have, ideas and tips of what they can do with that equity, and how they can get pre-approved to tap into their equity. For more information, visit getbuyside.com or email sales@getbuyside.com.

Pre-approval 305

Pre-approval Equity Loan Officer Brokerage 305

Marco Santarelli

MAY 4, 2023

In 2023, despite a cooling housing market and high mortgage rates, turnkey homes are in demand and selling fast. In this article, we'll examine a report published by Realtor.com on why turnkey homes for sale are still in demand and explore the reasons why some homes sell quickly while others sit unsold.

Sales 52

Sales Pre-approval Investor Renovation 52

Realty Biz

MARCH 13, 2024

While rising prices and mortgage rates present challenges, it’s still possible to find your dream home with the right strategy. 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.

Pre-approval 91

Pre-approval Marketing Inspection Closing costs 91

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