Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher, senior vice president of operations support and operational risk for VRM Mortgage Services , offers strategies for doing just that, showing how VRM is growing and changing during these unique times. HW: What are the risk management challenges for REO assets? HW: What are the risk management challenges for REO assets?

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Due diligence Marketing Mortgages New Construction 399

Housing Wire

NOVEMBER 30, 2023

If you’re looking for the best real estate schools in Illinois to complete the required 75 hours of class time you’ll need to get a broker’s license, we’re here to help. Vetted by HousingWire | Our editors independently review the products we recommend. When you buy through our links, we may earn a commission.

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HR Pre-approval Design Agents 420

Housing Wire

MARCH 20, 2024

While all types of brokerage models see different levels of success in the current real estate environment, industry experts believe this may change due to the terms of the recently negotiated settlement agreement by the National Association of Realtors (NAR) in the commission lawsuits. Fewer agents?

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Brokerage Agents Industrial As-is 449

Housing Wire

DECEMBER 12, 2023

The two new directors elected to the board are Justin Haag, the general counsel and incoming president and CEO from Northwest MLS , and Chris Haran, the managing director and chief technology officer from MRED in Illinois. The Council of Multiple Listing Services announced its new board of director members for 2024 on Tuesday.

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MLS Technology Industrial Agents 407

Housing Wire

JULY 13, 2023

Non-qualified mortgage (non-QM) lender NewFi Lending has launched a correspondent lending channel at a time when originators are fighting to grab production volume. “Non-QM Non-QM product offerings are critical to any mortgage bankers’ offerings in today’s market. from the last quarter’s 28.6%

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Lending Banks Loans Mortgages 369

Housing Wire

MARCH 15, 2022

I think it’ll be a broken record but Realtors, Realtors, Realtors,” emphasized Rafael Montano, an LO at Rocket Mortgage. An MBA report from early March found that the refi share of applications has dipped below 50% for the first time since June 2019. Realtors, Realtors, Realtors appeared first on HousingWire.

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Branding Loans Mortgages Lending 437

Housing Wire

APRIL 2, 2024

Recruiting and retaining high-performing agents remains a critical challenge for brokerages, especially in the environment created by the National Association of Realtors ’ recent $418 million settlement in a litany of agent commission lawsuits. Sales managers often struggle to source enough quality agents to feed the top of their funnel.

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Agents Brokerage MLS Technology 358

Housing Wire

MAY 25, 2023

“We live in a world where people demand immediate, around-the-clock access to their data, and ClosingsLIVE is a tool that allows settlement agents to securely manage and share order data with their clients and other parties in the transaction, giving them a competitive advantage in a tight marketplace.”

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Closing Title Branding Technology 361

Housing Wire

OCTOBER 9, 2023

If you’re interested in becoming a real estate agent in Illinois, you’ll be happy to hear that the path to getting your real estate license in the Prairie State doesn’t require as much of a time commitment as other states. The actual professionals who many states call “brokers,” however, are called “managing brokers” in Illinois.

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Agents Pre-approval Brokerage Pre-qualification 416

Housing Wire

MARCH 15, 2024

While many in the real estate industry were surprised by the news Friday morning that the National Association of Realtors had agreed to a nationwide settlement of the commission lawsuits for $418 million, Marty Green, a principal at law firm Polunsky Beitel Green , was not one of them. There is an agreement but what about approval?

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Industrial MLS Brokerage Agents 450

Housing Wire

MARCH 1, 2023

. “Through this expansion, we’re solidifying our commitment to our realtor and tax partners in a larger capacity nationwide,” Lee Trice, U.S. managing director of Opteon, said in the statement. Two-day turn times are just around the corner for our customers.”

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Housing Wire

DECEMBER 1, 2022

The call for smart home technology is coming from inside the house, as it were — but during times of economic pressure, how can investors and property managers justify the effort and expense of upgrading their communities? Now, however, renters actually expect to see this technology in their living spaces.”.

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Technology Marketing Property Management Investor 543

Housing Wire

JULY 12, 2023

Those people harm consumers as well as industry professionals by wasting time, making mistakes and driving up acquisition costs, they’ll tell you. The latest statistics from the National Association of Realtors found that the percentage of agents with fewer than two years of experience fell to 17% in 2022 from 25% in 2021.

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Agents Loan Officer Loans Industrial 370

Housing Wire

SEPTEMBER 18, 2023

According to Steve Berman, the managing partner and co-founder of Hagens Berman Sobol Shapiro LLP , which represents the plaintiffs in the Moehrl suit, the Anywhere “settlement includes significant changes to Anywhere’s practices relating to the conduct that we have challenged,” as well as an agreement for the firm to pay a total of $83.5

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MLS Branding Agents Brokerage 491

Housing Wire

OCTOBER 27, 2023

the National Association of Realtors (NAR), et al kicked off this week in a Kansas City, Missouri, federal courtroom, there is a lot at stake for consumers and business competition. Black, Hispanic/Latino, first-time and low- and middle-income buyers, according to a May 2022 study by a Freddie Mac and Urban Institute alum and others.

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MLS Brokerage Agents Closing costs 466

Housing Wire

MARCH 19, 2024

For many real estate brokerages and roughly 1 million Realtors, the nationwide settlement agreement that the National Association of Realtors (NAR) negotiated due to the ongoing commission lawsuits marks the end of their cooperative compensation litigation concerns, at least for the time being. billion.

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Brokerage Industrial MLS Sales 460

Housing Wire

SEPTEMBER 5, 2023

Critically, the settlement includes significant changes to Anywhere’s practices relating to the conduct that we have challenged,” Steve Berman, the managing partner and co-founder of Hagens Berman Sobol Shapirio LLP , wrote in an email. million, as the two plaintiff classes negotiated the settlement together.

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MLS Agents Industrial As-is 421

Housing Wire

DECEMBER 30, 2022

Rates will be volatile, concerns of a prolonged recession are looming and affordability constraints are weighing heavily, especially on first-time homebuyers. Home equity products will be the name of the game in 2023, Nick Smith, managing partner and CEO at Rice Park Capital Management , said.

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Loans Renovation Construction Mortgages 409

Housing Wire

NOVEMBER 13, 2023

He is a strong, well-rounded leader with decades-long experience overseeing large businesses and managing high-performance teams in a disruptive industry, with a self-described ‘obsessive focus on the customer,’ all of which makes him uniquely qualified to lead RE/MAX Holdings through its next phase of growth.”

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Brokerage Industrial Sales As-is 408

Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Agents Seller concession Closing costs Mortgages 409

Housing Wire

DECEMBER 5, 2022

Recently as the real estate industry has shifted from a buyer’s market to a seller’s market, it’s become paramount for Realtors to continually meet their clients at critical life touchpoints to extend the longevity of that relationship. Another example is the lifecycle of car ownership.

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Property Management Industrial As-is Agents 358

Housing Wire

FEBRUARY 6, 2023

Such changes prompted pushback from the National Association of Realtors and the MBA that it could hurt middle-wealth homebuyers and increase overall pricing. “The Makes it more expensive for most borrowers and more complex to manage for lenders. Unlikely to increase satisfaction levels for customers,” a branch manager in Texas said.

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Loans Mortgages Finance Closing 370

Housing Wire

OCTOBER 9, 2023

Ciardelli said his own personal wellness journey inspired him to look for new ways to help others better manage stress and their overall well-being. The same is true if a Realtor partner shares the app on the LO’s behalf. “So A mortgage lender isn’t the first place most people would turn to for yoga, meditation or personal wellness.

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Mortgages Loan Officer Loans Technology 421

Housing Wire

AUGUST 8, 2022

In a recent survey by the National Association of Realtors , floor plans ranked as the third most desired listing feature for homebuyers, after photos and detailed listing information. “In other real estate markets around the world, floor plans are quite common, and we think it’s time the U.S. have floor plans. said Allen.

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Property Management Technology Inspection As-is 520

Housing Wire

FEBRUARY 8, 2024

At the same time, he is approachable, adaptable, unassuming, and self-aware. Jane Doe is an industry-leading Realtor with a talent for selling unique properties.” It is often the first point of contact between you and potential clients, or it’s how clients confirm if you’re the right fit after you’ve been referred to them.

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Agents Construction Design Branding 407

Housing Wire

AUGUST 17, 2023

Though the National Association of Realtors is not out of the legal woods yet, the trade group does have reason to celebrate. In the order, Zilly noted that NAR’s No-Commingling Rule was optional and that about 29% of Realtor-affiliated MLSs had not adopted the rule, without any repercussions from NAR.

MLS 370

MLS Brokerage Design Agents 370

Housing Wire

DECEMBER 27, 2023

I’ve been on about 11 listing appointments in the last three weeks and about 50% of the people had heard about the Sitzer/Burnett suit and trial and they have questions about it,” the sales manager for the Massachusetts-based Chinatti Realty Group said. So far, Posnick said he feels encouraged by how clients are responding to his answers.

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Agents Industrial Closing costs As-is 432

Housing Wire

NOVEMBER 3, 2023

The lawsuit, which was originally filed in 2019 and won class-action status in April, alleges that some NAR rules, including one that requires listing brokers to offer buyer brokers a commission to list a property in a Realtor-affiliated MLS, violate the Sherman Antitrust Act by inflating seller costs. It will be a disaster.”

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MLS Brokerage Property Management Agents 322

Housing Wire

SEPTEMBER 6, 2023

If an agent files a buyer’s agency agreement for me, the broker, to review, the work flows just aren’t there in our document management system,” Pearson said. The National Association of Realtors , a defendant in both lawsuits, says it is not giving up the fight. million in damages for both the Moehrl and Sitzer/Burnett suits.

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Industrial MLS Agents Equity 421

Housing Wire

DECEMBER 29, 2021

Ben Caballero : Our service supports builders, sales, their marketing and then management as it relates to marketing their homes to realtors. What builders don’t need is a realtor to list their homes in a traditional way. In 2020, Cabellero reported 6,409 transaction sides — or 18 home sales a day — for a deal volume of $2.2

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MLS Agents Sales Staging 370

Housing Wire

NOVEMBER 16, 2023

Due to this, Marx Sterbcow, the managing partner at Sterbcow Law Group , fears the real estate industry may be in for a “death by a thousand cuts.” “I Several local Realtor Associations were also named, which is different than the earlier suits. “Whenever you see personal injury lawyers coming, it’s not a good sign.

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Brokerage Industrial Commercial As-is 448

Housing Wire

SEPTEMBER 15, 2023

The result should be collapsing costs and cycle times, improving quality, reducing repurchase risk and certifying that a loan, and its related assets are “Fit 4 Sale.” Data is imported from multiple sources including credit agencies, public records aggregators, appraisers, inspectors, title and insurance firms and Realtors.

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Commercial Technology Investor Title 398

Housing Wire

NOVEMBER 7, 2023

FHA loans are a popular option for first-time homebuyers or those who don’t have a lot of cash saved for a down payment, because the loans require a minimum of 3.5% It would be a disaster for FHA and VA homebuyers,” Evan Potter, branch production manager at Revolution Mortgage. Potter added: “Government lending would come to a halt.

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VA loan Agents Seller concession FHA loan 458

Housing Wire

OCTOBER 14, 2020

In time for National Hispanic Heritage Month, the National Association of Realtors has launched ‘NAR en Español,’ a Spanish language subsite to the association’s main webpage. Since 2018, the NAR en Español initiative has helped Spanish-speaking Realtors leverage networking and additional sources, the association said.

Development 450

Development Branding Industrial Agents 450

Housing Wire

FEBRUARY 15, 2024

According to the National Association of Realtors , 4.09 The company’s revenue suffered, but Anywhere still managed to improve its capital structure with more than $300 million of debt reduction. Home sales transaction volume dropped 19% year over year. million existing homes were sold in 2023, the fewest since 1995.

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Marketing Branding Brokerage Sales 397

Housing Wire

APRIL 17, 2023

Agents will be able to spend significantly less time on manually entering listings, enabling them to focus instead on interacting with homebuyers and sellers.” With Restb.ai, we’re helping our MLS clients deliver more value to brokers and agents nationwide. Using the listing photos uploaded by the agent, Restb.ai Building Restb.ai

MLS 351

MLS Agents As-is Technology 351

Housing Wire

DECEMBER 23, 2020

In these uncertain and volatile times, successful agents have learned how to lean in to the power of technology to help them stay focused on what they do best. . As chatbots are fed information over time, these tools become smarter, honing responses to efficiently boost conversion and support more closed deals.

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Technology Brokerage Industrial Agents 466