Housing Wire

JANUARY 9, 2023

So, is this the traditional seasonal decline we see during every December/January, or have falling mortgage rates (since mid November) contributed to this? Before these two weeks, purchase applications had seven weeks of positive data, tracking with the drop in mortgage rates from 7.37% in November to 6.12%. Historically, the U.S.

Marketing 538

Marketing Mortgages As-is Sales 538

Housing Wire

JANUARY 6, 2022

If the loan modification package is found to be RON eligible, Covius will tag the signature lines for eSign and RON recognition, and it will initiate the scheduling process with the borrowers. Boston-based Stavvy specializes in eClosings and remote online notarization (RON) services for the mortgage and real estate industry.

Loans 426

Loans Technology Investor Mortgages 426

Housing Wire

OCTOBER 4, 2022

As more of the mortgage process becomes digital, RON has been proving to be a powerful part of the tech transformation for industry professionals. As an industry, we observed first-hand during the pandemic the transformative power technology has over the mortgage origination process, especially with the borrower’s experience at closing.

Marketing 384

Marketing Title Closing Investor 384

Housing Wire

APRIL 2, 2021

5 reasons to refinance your mortgage right now. If you’re suddenly dipping into your savings to get by, or having to get a part-time job to afford your mortgage, a smaller home might be your best option. Why spend the money on a mortgage for a house you’re barely using? Here’s how to get an instant offer on your home.

Mortgages 541

Mortgages As-is Marketing 541

Housing Wire

AUGUST 2, 2021

“The combination of First American and Docutech is driving the digital transformation of the real estate closing process forward through collateral file management from the inception of the mortgage process through post-closing,” said Amy Brandt, president of First American Docutech. Amy Brandt, President of First American Docutech.

Title 397

Title Loans Closing Investor 397

Housing Wire

JUNE 17, 2022

This week’s HW+ member spotlight features Amanda Hill, head of mortgage solutions at Reggora. It truly is time for lenders to consider how technology can improve this part of the mortgage process and reduce turn time. Amanda Hill: There will be a lot of eyes on rising mortgage rates and inventory of available homes for sale.

Lending 333

Lending Finance Mortgages Technology 333

Housing Wire

OCTOBER 11, 2022

The mortgage industry needs to face the facts: today’s approach to lead generation is broken. For decades, mortgage lenders have relied on purchased lead lists to ferry in loan revenue. Unfortunately, purchased leads are expensive, and their lofty price tag does not guarantee they will convert to closed loans.

Staging 350

Staging Loans Mortgages Sales 350

Housing Wire

FEBRUARY 28, 2023

HousingWire: Like most industries, the mortgage industry has historically had key, dominant players that lenders must work with in order to remain operational. Specifically, when it comes to a core component in the mortgage tech stack like the PPE. That said, my concern lies first and foremost with the lender. AC: Absolutely.

Mortgages 322

Mortgages Technology Loan Officer Loans 322

Housing Wire

JULY 23, 2021

According to data from the Mortgage Bankers Association, the average purchase price had risen to $384,000 as of May. While that’s still below the $548,250 minimum price tag requiring a jumbo loan, the higher average indicates big increases across the board.

Marketing 432

Marketing Banks Lending Loans 432

Housing Wire

FEBRUARY 9, 2022

While the real estate industry has witnessed the introduction of a number of spectacular and innovative developments in recent years, we still (sometimes unfairly) get tagged as “old fashioned” or “conservative.” and get a pre-approval for a mortgage from the comfort of your own laptop.

Industrial 394

Industrial Purchase and sale agreement Pre-approval Banks 394

RIS Media

JUNE 27, 2023

The cooling effect of elevated mortgage rates and affordability challenges on home prices has held firm in recent months, as new reports show that the price tags for homes in the U.S. have seen their first annual decline in over a decade. According to the latest S&P Case-Shiller Index, home prices decreased 1.2%

Mortgages 104

Mortgages MLS Industrial Marketing 104

Housing Wire

APRIL 30, 2021

Here’s what to expect in the mortgage application process. There are several reasons why a home with a high price tag might not appraise for as much. But what happens when the seller accepts that high offer and the home appraisal comes in far lower? . How to negotiate your home purchase offer. 5 first-time homebuyer mistakes to avoid.

Loans 421

Loans As-is Closing Marketing 421

Housing Wire

JULY 31, 2022

As the world races towards increased digitization, mortgage professionals are striving to keep up with the demand for convenient lending solutions that allow borrowers to navigate the process from the comfort of their own homes. The post-pandemic business landscape is totally different from what we were used to just a few years ago.

Technology 353

Technology Loans Closing Lending 353

HomeLight

JANUARY 3, 2024

In this post, we’ll explain the “under contract” listing status tag. We’ll also share expert insights on how this tag and others might impact your homebuying plans. But what does “under contract” mean in real estate? Can you still make an offer on a home that’s “under contract”?

Purchase and sale agreement 105

Purchase and sale agreement Earnest money deposit Inspection contingency Pre-approval 105

Housing Wire

JUNE 15, 2022

Whenever people want to get a mortgage, they search for professionals who can streamline the process. That’s precisely when your mortgage broker business comes to the rescue. Ways to Grow Your Mortgage Broker Business. Here are three tips that you can check to start growing your mortgage broker business.

Mortgages 334

Mortgages Branding Industrial Marketing 334

RIS Media

JULY 25, 2023

Against the backdrop of further inventory strain and a relatively low mortgage rate environment, buyers seemed to rally in May, driving U.S. from April to May, marking the fourth consecutive month of growing price tags this… The post Annual Decline in Home Prices Continues as Monthly Gains Hold Firm appeared first on RISMedia.

Mortgages 87

Mortgages Industrial Marketing 87

Housing Wire

MARCH 23, 2021

Wherever there is commerce, there will be fraud, and the mortgage industry is no exception. The full extent of fraud in the mortgage industry may be impossible to fully quantify, but the 2020 True Cost of Fraud study by LexisNexis Risk Solutions estimated that the cost of fraud has risen 7.3% across U.S.

Lending 439

Lending Mortgages Due diligence Debt-to-income ratio 439

Housing Wire

SEPTEMBER 9, 2021

From hybrid appraisals to virtual showings to RON/RIN, the digital mortgage process took center stage over the last year. Why should the mortgage process be any different? The post Mortgage lenders need to lean in to consumer expectations appeared first on HousingWire. if the option was available to them.

Mortgages 410

Mortgages Technology Inspection Closing 410

Housing Wire

DECEMBER 8, 2021

This type of sales growth — which couldn’t happen from 2008-2019, as I have often stated — is coming with a hefty price tag. Not even 5% mortgage rates in 2018 budged this data line too much. Higher mortgage rates haven’t materialized as expected. 2020 and 2021 easily each have over 6.2 However, it’s not happening.

Bankruptcy 520

Bankruptcy Loans Sales Short sale 520

Keeping Current Matters

OCTOBER 5, 2020

Danielle Hale, Chief Economist at realtor.com , notes : “Looking at the sheer number of buyers, low mortgage rates, and limited sellers, the strength of home prices–which are now growing at the highest pace since January 2018–makes sense.”. But here’s the thing – a high price tag does not mean you’re going to cash in big on the sale.

Sales 279

Sales Mortgages As-is Marketing 279

Housing Wire

NOVEMBER 10, 2020

His corner of the Atlanta mortgage market – high-value home loans that wouldn’t be bought by the GSEs – was booming. When Angel Oak Mortgage Solutions launched seven years ago, we had to educate [brokers] on the non-QM space,” said John Jeanmonod, a vice president at the Atlanta-based non-QM lender. So you stop.”. Everyone bowed out.

Debt-to-income ratio 432

Debt-to-income ratio Loans Banks Mortgages 432

Housing Wire

JUNE 30, 2021

The right mortgage services provider is essential to helping wholesale lenders and their brokers thrive in this constantly evolving market. ServiceLink’s unique tech-enabled mortgage services include valuations as well. Clients are able to quickly schedule their appraisal inspection, without phone tag or other scheduling delays.

Closing 196

Closing Title Lending Inspection 196

Marco Santarelli

MAY 4, 2024

First-time homebuyers, who are often more reliant on mortgages, are feeling the pinch most acutely. Many homeowners are reluctant to sell their current low interest rate mortgages for a higher rate environment. Beyond the Price Tag: Affordability isn't just about the sticker price.

Marketing 101

Marketing Construction Mortgages Land 101

HomeLight

DECEMBER 30, 2023

You may be building an online watchlist of homes you’re interested in seeing, but then you notice a label tagging your favorite property listing as “under contract” or “sale pending.” Appraisal contingency: Lenders typically require an appraisal to confirm the home’s value before approving a mortgage loan.

Home sale contingency 107

Home sale contingency Purchase and sale agreement Inspection contingency Inspection 107

GeekEstate

SEPTEMBER 27, 2021

RealStaq provides the systems and data building blocks required to develop and sustain scalable home shopping, renovating, and mortgage financing experiences. It licenses APIs that enable standardized compliant display of MLS data nationwide with 100% cross-referencing to all tax recorder, assessor and dozens of other relevant data sets.

MLS 100

MLS Renovation Technology Residential 100

Housing Wire

MARCH 1, 2021

The closing process, that time between underwriting approval and the actual closing, is the mortgage industry’s not-so-secret Achilles’ heel. But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). There’s just a lot more to a purchase mortgage. More emotion.

Closing 250

Closing Marketing Title Title search 250

Broke Agent Media

FEBRUARY 14, 2023

BAM Key Details: As mortgage rates fall from their 2022 peaks and home prices come down from theirs, more sellers are returning to the market to meet increasing buyer demand. As rates drop, buyers signing up for a $3,000 mortgage payment can afford homes costing $60,000 more and roughly 84 square feet larger than October 2022.

Mortgages 98

Mortgages Loans Marketing As-is 98

Housing Wire

MAY 28, 2021

Local Coldwell Banker agent Theresa Wellman said the seven-digit price tags of the area, which has a median listing price of $1.4 When potential buyers look at listings in Sacramento, they realize their big-city rent costs more than a mortgage here,” White said. million, haven’t been scaring off potential homebuyers.

Land 306

Land Agents Marketing Sales 306

Broke Agent Media

APRIL 11, 2023

The new filter uses up-to-date information on mortgage rates and housing prices to calculate monthly housing costs and suggest affordable options. Zillow’s newest home search filter aims to alleviate the frustration of homebuyers who are struggling to determine their affordable price point amidst fluctuating mortgage rates.

Principal 98

Principal Mortgages Finance Loans 98

Realtor.com

JANUARY 24, 2023

That’s when mortgage rates crested 5% and tacked on hundreds of dollars to homebuyers’ monthly mortgage payments. Mortgages rates drive homebuyers to the mighty Midwest Though median home list prices fell from June’s high of $450,000 to $400,000 in December, higher mortgage interest rates erased much of those savings.

Mortgages 117

Mortgages Land Marketing Sales 117

RIS Media

MARCH 25, 2022

Rising mortgage rates coupled with growing price tags for a record-low number of homes for sale continue to strain affordability issues in the market, according to experts who forecast a decline of about 7% in home sales this year compared to 202. Experts predict that mortgage rates hit about 4.5% nationally. MoM — Now 85.0

Sales 91

Sales Mortgages Industrial As-is 91

1000Watt

APRIL 29, 2022

And NAR has been quite effective at insulating the industry from disruption with a million surplus members scattered across the country like a diffuse, rag-tag army executing an asymmetrical war against change. . Fact is, building out a mortgage operation is slow going.

Loan Officer 98

Loan Officer Brokerage Mortgages Industrial 98

Realty Biz

AUGUST 10, 2023

Educational Content : Make videos about the home buying/selling process, mortgage tips, home staging, etc. Use Tags : Add relevant tags to your videos. Optimize for Search: SEO : Just like Google, YouTube has its own SEO. Research keywords related to real estate in your area using tools like TubeBuddy or vidIQ.

Title 76

Title Land Branding Staging 76

RIS Media

MAY 17, 2021

Housing market activity is still bustling under historically low mortgage rates and high demand, while the lagging supply of homes continues to play a role in the housing market frenzy. A winding down of mortgage forbearance appears to be on the horizon as well. “It’s likely to occur,” he said.

Marketing 113

Marketing New Construction Mortgages Title 113

RIS Media

JANUARY 27, 2022

Rising rates coupled with surging price tags for homes hasn’t helped the matter either. Mortgage rates have climbed steadily over the last several weeks, which unfortunately will ultimately push aside marginal buyers. “The market will likely endure a minor reduction in sales as mortgage rates continue to edge higher.

Sales 98

Sales Mortgages Industrial As-is 98

Realtor.com

JULY 1, 2021

. “More homeowners are deciding to put their homes on the market, encouraged by vaccines, a stronger economy, and low mortgage rates,” says Ratiu. This resulted in record-high asking prices and bidding wars driving the price tags to new heights.

Sales 122

Sales Days on market Marketing Mortgages 122

Realtor.com

NOVEMBER 7, 2022

The reason for the contradiction: soaring mortgage interest rates. Most folks are still laser-focused on a property’s price tag. And there’s a hefty cost to borrow that money—which increases when mortgage rates go up. Nationally, the median mortgage payment is now about 77% higher* than a year ago.

Loans 103

Loans Mortgages MLS Banks 103