Housing Wire

JANUARY 9, 2024

“The feedback (from the Fee Freedom initiative) has been incredible from brokers because it helped them to be able to save money on a monthly basis, spend on marketing, spend on tools and things that can help them grow their business,” Fawaz said in an interview with HousingWire on Tuesday. That price is higher than it was in 2023.

Loans 261

Loans Loan Officer Mortgages Title 261

Housing Wire

DECEMBER 6, 2022

Becca Summers does not typically include Wells Fargo on the lender recommendation list she gives to clients. Any time my buyers are the ones bringing a lender to the table who I am not familiar with, I am going to have some questions for that lender. Amy Breach, Real Estate broker on the Hill Team in Seattle for Keller Williams.

Loan Officer 362

Loan Officer Pre-approval Loans Agents 362

Housing Wire

MAY 25, 2023

Older Americans are sitting on more than $12 trillion in home equity, according to the National Reverse Mortgage Lenders Association (NRMLA)/ Riskspan Reverse Mortgage Market Index. Most real estate agents, builders and potential customers have no idea that this financing option exists to purchase homes,” he said.

Loan Officer 386

Loan Officer Equity Finance Loans 386

Housing Wire

OCTOBER 12, 2023

And I think we saw an advantage among some of the first movers — these companies came out of the crisis and were able to take advantage of technology, that’s when they really started to grow. SW: How does that impact you as a mortgage lender CEO? That means no matter how many loans you do, you can’t make money.

Mortgages 409

Mortgages Technology Loans Loan Officer 409

Housing Wire

MAY 17, 2023

Transactions in the fix and flip market have been booming in recent years, with more than 407,000 homes flipped in 2022, up 14% over 2021 and up 58% over 2020, according to a recent report by real estate data firm ATTOM. How long that can continue is hard to say.” housing market.”

Finance 358

Finance Marketing Lending Investor 358

Housing Wire

APRIL 12, 2023

Among those targets were a Memphis-based real estate company and a title company in Washington state that combined were swindled out of more than $200,000 through the scam. bank accounts they either set up or controlled — were acting as so-called “money mules,” then, for a much larger international criminal enterprise.

Industrial 365

Industrial Banks Title Technology 365

Housing Wire

AUGUST 25, 2022

billion in the second quarter, and the lender took a $44 million loss overall. Among 11 publicly traded nonbank mortgage lenders, the loss represented the third-worst financial performance in the second quarter, according to a HousingWire analysis. Homepoint’s financial statements tell the story. Origination volume declined 63.5%

Mortgages 392

Mortgages Equity Loans Seller concession 392

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com has shifted its strategy ahead of its initial public offering (IPO). Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. The change resulted in Better’s exit from its real estate business. It incurred an $89.9

Debt-to-income ratio 361

Debt-to-income ratio Technology Mortgages Pre-approval 361

Housing Wire

MARCH 3, 2022

People used to talk about Compass all the time,” said Jonathan Miller, a real estate appraiser at Miller Samuel , who compiles housing market reports for Douglas Elliman , a Compass rival. The real estate brokerage unveiled its first annual report Monday, a federally required document for any public company.

Brokerage 346

Brokerage Principal Agents Staging 346

Housing Wire

JULY 12, 2022

The company, which employs about 17 people, was founded in 2015, and is one of those approved to provide the Freddie Mac data report for its new remote inspection program. Companies such as ProxyPics stand to benefit from a major Freddie Mac policy change, which goes into effect this month. The State of Appraisals in 2022.

Inspection 406

Inspection Technology Loans Mortgages 406

Housing Wire

JULY 19, 2021

Blend Labs ‘ life as a public company is off to a promising start. The IPO gives the cloud-based software company the ammunition to grow market share , develop new products and dive deeper into various sectors within fintech, including consumer banking and auto. Bank , as well as large credit unions and even tech companies.

Banks 383

Banks Title Investor Technology 383

Housing Wire

APRIL 26, 2022

Karl Jacob, CEO and co-founder of LoanSnap , said the cyrpto-mortgage system his company has developed can originate more than just loans that LoanSnap mints. In addition to crypto-mortgages, LoanSnap is a full-stack mortgage company that originates traditional mortgages as well.

Due diligence 444

Due diligence Mortgages Equity Loans 444

Housing Wire

MARCH 10, 2023

Stubborn inflation and high interest rates continue to wreak havoc on the mortgage-origination market, but there is one asset class in the housing market that is arguably flourishing in these hard times – home equity. They are saying, ‘Tell me what’s working, how can I stand a program up so I can capture some of this [home-equity] business.”

Equity 362

Equity Marketing Debt-to-income ratio Lending 362

Housing Wire

MAY 26, 2023

The threat posed by wire fraud has commanded quite a bit of attention from the real estate ecosystem. But as the housing industry has gotten better at tackling it, fraudsters have been hard at work developing more creative scams. Then, posing as the property owner, the scammer contacts a real estate agent to list the property.

Title 371

Title Land Due diligence Sales 371

Housing Wire

NOVEMBER 12, 2020

More for Real Estate Enthusiasts. You should also evaluate your report as a lender would. What might give a lender pause about your application? You can also ask your credit card company or bank for a limit increase. This will also reduce your utilization rate (as long as you don’t spend the extra money).

Debt-to-income ratio 492

Debt-to-income ratio Banks Loans Mortgages 492

Realty Biz

SEPTEMBER 18, 2021

There are many ways to successfully invest in real estate. Hard money lending isn’t heard about as much these days but still has a valuable place in the investing world. Hard money lenders generally don’t value real estate in the same ways as most investors and other real estate professionals.

Hard money loan 132

Hard money loan Finance Loans Investor 132

Housing Wire

OCTOBER 13, 2022

One market expert sees a similar fate ahead for IMBs, absent an RTC, predicting that over the next two years more than one-fifth of the nonbank lenders now operating nationwide will merge or otherwise disappear. . Lenders that turn all their attention to refinances when that business skyrockets enjoy huge profits,” Graham said. “But

Mortgages 363

Mortgages Marketing Banks Loans 363

Housing Wire

SEPTEMBER 8, 2022

When mortgage lenders are talking about compliance in loan origination or mortgage servicing, the worst case can be pretty bad, so we often see companies investing heavily in the best tools. He was so good at his job that a few years back his company gave him a spot on its annual, all-expenses-paid trip around the Caribbean.

Marketing 414

Marketing Technology Loan Officer Loans 414

Housing Wire

APRIL 18, 2023

For New American Funding (NAF), the country’s 33rd-largest mortgage lender , hedging is how the company was able to manage through the troughs of the mortgage business cycle, Rick Arvielo, co-founder and CEO of NAF, said in an interview with HousingWire. “We’re But there have been rough points for the lender recently, too.

Loan Officer 313

Loan Officer Loans Pre-approval Mortgages 313

Housing Wire

JULY 22, 2022

Non-QM lender First Guaranty Mortgage Corp. FGMC) filed for Chapter 11 bankruptcy protection at the end of June — leaving four warehouse lenders on the hook for more than $415 million. The lender so suddenly shuttered its doors it failed to file advanced notice of the layoffs, as required under federal law.

Lending 369

Lending Banks Bankruptcy Loans 369

HomeLight

JUNE 16, 2023

The crowds, the fast-talking auctioneers, the large amounts of money being bid: Auctions are exciting no matter what’s for sale, and when it’s a house up for auction, then it’s no wonder that foreclosure auctions can capture the imagination of many a home shopper. Here are seven ways to buy a home at auction without cash.

Hard money loan 79

Hard money loan Equity Finance Loans 79

Keeping Current Matters

SEPTEMBER 29, 2021

If you’re looking to maximize your sale and minimize your effort, you need to work with a real estate professional. But the truth is, a real estate professional can save you time and money by managing every step of the process, from pricing your home to reviewing documents and handling negotiations.

Agents 273

Agents Sales Inspection As-is 273

Norada Real Estate

JUNE 22, 2022

Demand for rental property has increased with real estate dealers reeking in millions from sales. Do you know about buying rental property with no money down? Well, let us discuss how to acquire rental properties without putting all your money down. How To Buy Rental Property With No Money. Hard Money Loans.

Hard money loan 98

Hard money loan Purchase and sale agreement Loans Banks 98

Housing Wire

AUGUST 9, 2022

Rachel Luna, principal of Patriot Title Company. With over 13,000 followers on Instagram , Rachel Luna, the principal of Texas-based Patriot Title Company , is the self-proclaimed “Texas Title Queen.” And now I am the principal of the largest woman-owned title company in Texas,” Luna said. And the rest as they say is history.

Title 373

Title Principal Closing Industrial 373

Housing Wire

JANUARY 25, 2023

Absent hard proof, that potential move by the lender is still in the arena of rumor at this point, but perceptions do affect buyer and seller choices in the market. Fueling the rumor in this case is Wells Fargo’s recently announced plans to reduce its MSR portfolio, valued on its books at $9.3 billion as of the end of 2022, U.S.

Banks 338

Banks Loans Mortgages Sales 338

Realty Biz

SEPTEMBER 19, 2023

For the past six years, Stratton Equities has been at the forefront as the nation's top private money and NON-QM mortgage lender, setting the pace for other companies to follow. Traditional lenders, such as banks and credit unions, primarily offer QM loans for one-to-four-family investment properties.

Equity 84

Equity Mortgages Lending Loans 84

The Close

NOVEMBER 3, 2023

Listen, we’ve all been cautious of predictive analytics in real estate—looking at you, Zestimate! out of 5 My Verdict As both a real estate agent and coach, I’ve seen my fair share of software designed to help agents stay connected with clients. There’s even a way to get a freemium version through your lender partner.

Agents 101

Agents Land Design As-is 101

Housing Wire

FEBRUARY 14, 2022

Redfin is a publicly traded company, a nationally recognized listings website and one of the biggest brokerages in the country. But what makes Redfin different – what makes it radically, transformatively different – is that it classifies real estate agents as employees. “With a two-year-old, I couldn’t meet the quota,” she said.

Brokerage 367

Brokerage Agents Industrial Sales 367

HomeLight

JANUARY 22, 2024

“One of the biggest reasons is people have money in equity in their home, but they don’t have much money in regards to savings to be able to renovate the property,” says Megel. “So, Like a property that was inherited through an estate or probate, Megel says. Yes Is a real estate attorney required?

As-is 91

As-is Inspection Equity Renovation 91

Keeping Current Matters

JUNE 28, 2021

Your time is money – don’t waste it. Real estate professionals have mission-critical information on what sells and how to maximize your profit. Simply put, real estate professionals can get your house in front of more buyers via their social media followers, agency resources, and proven sales strategies.

Agents 244

Agents Inspection Sales As-is 244

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. We all know that in a real estate investment “cash-is-king.” Among them, non-recourse loans, hard money loans, and private loans are the most popular.

Finance 96

Finance FHA loan Investor Loans 96

Realty Biz

MAY 8, 2023

It’s easy to assume that buying real estate is a solo adventure you must embark on your own and without any outside help. After all, it’s your money, so no one else has a say in how you spend it. Real estate brokerages typically have a database of properties for you to explore and agents to help you find the perfect one.

Housing Inspector 52

Housing Inspector Banks Inspection Lending 52

GeekEstate

JUNE 26, 2022

I’m the co-founder and CEO at Landis, a social impact-driven company with a mission to guide renters on their unique path to homeownership. As a company whose mission is to help everyone on their path to homeownership, Landis takes a more holistic view of a potential client’s financial data to truly understand their situation.

Debt-to-income ratio 123

Debt-to-income ratio Loan Officer Technology Banks 123

Realty Biz

JANUARY 29, 2022

Its rates may save you money in closing costs and help you get more home for your money. Credit unions, smaller banks, and online mortgage lenders can have dramatically different rates and fees. Unexpected expenses can be hard to meet when you borrow up to your limit. Choosing the First Bank That Approves You.

Pre-approval 127

Pre-approval Mortgages Closing costs Principal 127

HomeLight

JULY 5, 2023

In recent years, regulations have tightened, forcing mortgage lenders to disclose these costs in loan estimates. There are two main types of closing costs: Lender and broker fees: Lender and broker fees are charged by most mortgage lenders. These fees are optional, and vary from lender to lender.

Closing costs 92

Closing costs Closing Mortgages Loans 92

Housing Wire

APRIL 16, 2024

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. according to the company. to 3% real estate agent commission, plus 1.5% For example, Realfinity pays LOs 1.4%

Loan Officer 420

Loan Officer Loans Agents Mortgages 420

The Close

SEPTEMBER 16, 2022

We love them because they make real estate fun. Until the lender has fully vetted your finances, making big purchases can disrupt your debt-to-income ratio and boot you out of qualification for your home loan. When you make a cash deposit, it raises questions and eyebrows for the lenders. Save Enough Money for Closing.

Debt-to-income ratio 97

Debt-to-income ratio Loans Banks Closing 97