Remove Principal Remove Technology Remove VA loan
article thumbnail

RatePlug’s new platform combines home listings, live mortgage rates and preapprovals

Housing Wire

The combined technology now powers Afordals integrated features including affordability -based searches, preapproval calculators and AI-powered lead scoring. They can also determine their eligibility for government financing programs such FHA and VA loans, or other low- or zero-down payment loans.

VA loan 262
article thumbnail

How to stay competitive with specialty mortgage products heading into 2023

Housing Wire

The old standards like FHA and VA loans still offer attractive options for first-time homebuyers, but some originators may be a little rusty on them and might need a refresher. HW: Mortgage technology is accelerating quickly and originators are rushing to keep pace. How can they stay competitive with so many tech enhancements?

Mortgages 370
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Amid record-high origination volumes, mortgage fraud risk is down – Here’s why

Housing Wire

Investment loan applications are showing a higher risk because real estate investors have a profit motivation for their activity,” said Bridget Berg, Principal, Fraud Solutions at CoreLogic. VA-based programs had the lowest-risk applications, CoreLogic found. This makes identity issues and straw buyer situations rare,” she said.

Mortgages 430
article thumbnail

FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Don’t miss this FREE update on VA appraisal topics on Wednesday, February 22nd from 11am-12pm ET. He was an independent fee appraiser on the VA panel for over 9 years prior to his current position. He is the principal expert for all matters related to residential property appraisals and valuation solutions at Veros. Sign up now.

VA loan 85
article thumbnail

FREE Webinar: Update on Current VA Appraisal Topics

McKissock

Meet the presenters James Heaslet Serving as the Chief Appraiser for the Veterans Affairs (VA) Loan Guaranty Service since 2018, James is responsible for developing and overseeing policies and regulations for the VA Construction and Valuation department. View Pro-Series webinars.

VA loan 52
article thumbnail

From Contract to House Keys: Breaking Down the House Closing Process

HomeLight

The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. Conventional loans closed in an average of 47 days in July 2021, while FHA loans took 51 days, and VA loans required an average of 52 to close.

Closing 111
article thumbnail

Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Essentially, a mortgage enables individuals to become homeowners by providing the necessary funds upfront, with the property serving as security for the loan. You then make monthly payments, including principal and interest, over an agreed-upon term (usually 15 to 30 years) until the loan is fully repaid.