Housing Wire

JANUARY 31, 2025

Evergreen Home Loans , which is based in Washington state and has a presence in seven Western states, announced a major expansion of its footprint on Friday. John Porath “John’s leadership and ability to connect with loan officers will be instrumental in driving our core conviction of growth and success for the region.

Loans 301

Loans Loan Officer Construction Banks 301

Housing Wire

OCTOBER 18, 2024

Provident told broker partners that all loans in the pipeline must be locked by 11:59 p.m. Additionally, all loans currently locked must be funded by the lock expiration date. Relatedly, Fannie Mae and Freddie Mac have blacklisted a number of condo buildings in South Florida that it won’t back loans for. PST on Oct.

Mortgages 524

Mortgages Marketing Lending Finance 524

Housing Wire

MARCH 10, 2025

The transaction will merge Redfins home search platform , which is comprised of 50 million monthly visitors, 1 million active purchase and rental listings and its network of over 2,200 agents, with Rockets mortgage services, with the goal of delivering “a more seamless experience from search to close, to servicing and future transactions.”

Purchase and sale agreement 482

Purchase and sale agreement Pre-approval Brokerage Equity 482

Housing Wire

FEBRUARY 12, 2025

Entering the mortgage industry as a loan officer can be both exciting and overwhelming. Walk before you run: Build long-term relationships Partner with new real estate agents that you can learn and build together. Dress & act like you mean business There is no dress code to be a loan originator, but there is for you.

Loan Officer 269

Loan Officer Loans Industrial Development 269

Housing Wire

JUNE 12, 2024

An analysis released Wednesday by Columbia, Missouri -based lender Veterans United Home Loans revealed that the home loan program through the U.S. The VA loan program — which was established in 1944 through the GI Bill — will celebrate its 80th anniversary on June 22. Department of Veterans Affairs (VA) has contributed $3.9

VA loan 460

VA loan Loans As-is Mortgages 460

Housing Wire

APRIL 17, 2024

Nearly half (48%) of a $65 billion portfolio of loans processed during the first quarter of 2024 contained vulnerabilities to wire and title fraud , according to a report released Wednesday by FundingShield. The portfolio of loans examined included residential, commercial investor and business purpose loans. of transactions.

Loans 476

Loans Title Commercial Residential 476

Housing Wire

DECEMBER 3, 2024

Zillow Home Loans — the platform’s affiliate mortgage lender — pushes the future of financing. Users can enter a potential home price, down payment, interest rate, loan terms, property taxes, insurance costs, and homeowners association (HOA) fees. Fortunately, home buying doesn’t have to remain confusing for new buyers.

Finance 397

Finance Technology Loans Brokerage 397

Housing Wire

DECEMBER 21, 2023

Unfortunately, too many misconceptions persist among real estate and even mortgage industry professionals about the VA home loan, and those misconceptions have big (and negative) impacts. Earlier in my life, I was directed away from using a VA loan when I purchased my first home. A VA loan is a mortgage partially backed by the U.S.

VA loan 468

VA loan Loans Mortgages Lending 468

Housing Wire

APRIL 2, 2025

” Their business is to “dominate” the market , “take” real estate agents’ business, “ buy Redfin ” and acquire new businesses “behind their back.” He said they “bought a real estate business because real estate agents won’t work with them.” ”

Loans 377

Loans Agents Mortgages Closing 377

Housing Wire

MAY 21, 2024

The United States Department of Veterans Affairs will soon release a circular that “bridges the gap” on an agency law that prohibits a VA buyer from paying their real estate agent compensation, a VA official announced on Tuesday. In a statement issued on Tuesday, the MBA said that it welcomes this move from the VA.

VA loan 523

VA loan Agents Loans MLS 523

Housing Wire

JUNE 20, 2024

Real estate technology firm Knock announced Thursday that its bridge loan product is being integrated into the borrower application process at Baltimore -based NFM Lending. The bridge loan estimate is being integrated into the lender’s workflow through an Encompass plugin. The loan includes no interest for six months.

Lending 448

Lending Loans Loan Officer Equity 448

Housing Wire

NOVEMBER 19, 2024

Therefore, even loans that pass the automated title review process proposed under the Pilot remain at significant risk of a costly future claim but will not have the protections afforded by title insurance. Additionally, the Pilot poses unnecessary risk by removing expert title agents from the refinance process,” the letter states.

Title 418

Title Title search Closing costs Loans 418

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% VA loans offer a 100% financing option for qualifying military service members and veterans, and don’t require mortgage insurance. points from the 7.5%

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

AUGUST 30, 2024

As a salve, a vocal minority of activists say that “simply” allowing the financing of buyer-agent commissions into mortgages will resolve all concerns. For reasons both practical and legal, buyer-agent commissions are not today explicitly financeable with a mortgage. This claim is misguided, oversimplifying a more complicated reality.

Finance 448

Finance Agents FHA loan Closing costs 448

Housing Wire

NOVEMBER 20, 2023

Real estate agents are facing a contracting issue that could seriously upend the traditional housing landscape. Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. But what happens if consumers pivot away from buyer agents altogether? Enter the savvy seller.

Pre-approval 482

Pre-approval Agents Loan Officer Seller concession 482

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. As a result, many condo deals don’t close due to a lack of understanding on the agent’s part.

Finance 446

Finance Agents Mortgages Loan Officer 446

Housing Wire

FEBRUARY 28, 2024

Rocket Companies will soon shut down Rocket Pro Originate , a mortgage origination platform for real estate agents, insurance agents, tax professionals and other financial professionals who are also licensed to originate mortgages. billion in closed loans through its direct-to-consumer division and $8.5

Agents 516

Agents Loans Mortgages Closing 516

Housing Wire

APRIL 15, 2024

Fannie Mae and Freddie Mac will not count buyer’s agent commissions as part of their allowable interested party contributions (IPCs), according to announcements from the government-sponsored enterprises (GSEs) on Monday. Department of Veterans Affairs seeking similar guidance on VA loans, but Sears said that letter remains unanswered.

Agents 532

Agents Seller concession VA loan Finance 532

Housing Wire

MARCH 21, 2025

Rocket obviously has the moat in mortgage and Zillow has the moat in search and agent referrals, so it is not surprising to see Rocket make a move to expand its presence on the other end of the spectrum in home search and with that agent network. John Campbell, an analyst at Stephens , shares a similar view.

Loan Officer 271

Loan Officer Loans Mortgages Title 271

Housing Wire

NOVEMBER 20, 2024

The dollar amounts associated with the loan mentioned in the lawsuit, which was filed in October, were previously redacted. The note replaced a previous loan Side extended in 2022. In addition to defaulting on loan payments, Side alleges multiple events of default, including dissociating from their real estate licenses.

Brokerage 418

Brokerage Loans Agents 418

Housing Wire

DECEMBER 17, 2024

Side has filed a preliminary injunction against Tal and Oren Alexander and their brokerage, Official Partners , that seeks to prevent them from dissipating, hiding or moving collateral for a loan that Side claims the brothers have defaulted on. In October, Side sued Tal and Oren Alexander and Official Partners for defaulting on a $4.6

Brokerage 411

Brokerage Loans As-is Agents 411

Housing Wire

FEBRUARY 22, 2024

The product is limited to conventional loans, primary residences and buyers who are represented by a real estate agent. “In The Cleveland -based retail mortgage lender unveiled CCM CashPlus to help buyers gain an edge in the bidding process by turning preapprovals into cash offers. CashPlus has no appraisal or financing contingencies.

Loans 434

Loans Mortgages Finance Agents 434

Housing Wire

MARCH 5, 2024

Many investors had expected the Fed to cut benchmark rates as early as March, and loan officers had hoped to see a decline in mortgage rates that tend to move in tandem with long-term yields. said Craig Strent, former CEO of Apex Home Loans and head of the faculty of mentors at The Loan Atlas , a mortgage coaching platform. “A

Loan Officer 448

Loan Officer Loans Mortgages As-is 448

Housing Wire

MARCH 3, 2025

The prudent selection of the escrow agent, assessment of the escrow fees and interest paid, identification of the escrow buckets and related escrow amounts, and detailed drafting of the mechanics and timing for release or payments from the escrow buckets, will help avoid or resolve liability disputes.

Purchase and sale agreement 410

Purchase and sale agreement Closing Industrial Mortgages 410

Housing Wire

SEPTEMBER 19, 2024

Real estate agents have white-knuckled their way through more than two years of suffocatingly high mortgage rates that have stymied sales, choked off inventory and pushed home prices to new all-time highs. I always think demand comes before supply in this situation,” said Redfin agent Justin Vold, who is based in Los Angeles. “If

Agents 511

Agents Sales Mortgages Land 511

Housing Wire

JUNE 20, 2024

Interest rates are a major headache for real estate agents across Illinois. On the sell side, agents say that low mortgage rates from a purchase or refinance transaction in late 2020 or early 2021 are keeping many potential sellers in their home. “A Again, agents attribute the cooler market to interest rates.

Agents 448

Agents Marketing VA loan FHA loan 448

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

DECEMBER 20, 2023

Mortgage rates had climbed close to the 7% range and he was determined to remain competitive on pricing with rival loan officers in North Carolina. After Mike paid his loan officer assistant, he was clearing just 40 bps. But there was a problem: pricing exceptions, in which the lender takes the hit, were becoming scarce at his company.

Loan Officer 482

Loan Officer Loans Lending Mortgages 482

Housing Wire

OCTOBER 10, 2024

The platform is intended for housing professionals in various sectors, including 5 million loan officers, appraisers , servicers , underwriters , developers, agents, brokers, attorneys and regulators. Through Araya, CoreLogic will give customers access to the data and analytics of nearly all U.S. properties on one platform.

Loan Officer 458

Loan Officer Technology Industrial Development 458

Housing Wire

MARCH 25, 2024

In a letter submitted Monday to John Bell, executive director of VA’s Loan Guaranty Service, the CHLA took issue with how the existing regulatory requirements regarding VA mortgages could put veterans and active-duty personnel at an “unfair disadvantage” when buying a home. as proper local variances, under current VA regulations.“ “We

Agents 468

Agents VA loan Loans Mortgages 468

Housing Wire

DECEMBER 22, 2023

Facing a challenging housing market can be daunting for agents and loan officers alike. I’ve seen every market shift imaginable as an agent, team leader and executive in the brokerage , mortgage and proptech space. These are the mindset and actions that set successful agents and loan officers apart in a down market.

Loan Officer 459

Loan Officer Agents Marketing Loans 459

Housing Wire

AUGUST 2, 2024

Fintech software and hardware provider Mortgage Automation Technologies is launching The BIG Agent , a transaction management platform for real estate brokers and agents. The BIG Agent was developed to address complex issues arising from recent industry changes.

Technology 446

Technology Agents Mortgages Development 446

Housing Wire

JULY 26, 2024

Not only does Realtor.com’s initiative highlight the indispensable role of buyer agent representation, it also offers ways for you to get involved in the movement. The catalyst for change The value of buyers’ agents is being questioned, even by some industry insiders who should know better. But their work didn’t stop there.

Agents 482

Agents Design Industrial MLS 482

Housing Wire

JANUARY 22, 2025

Rockets AI Agent can be found on the site, which provides 24/7 support, answers real estate and mortgage questions and keeps clients and real estate agents informed about interest rates and market trends. The AI Agent streamlines tasks such as filling out applications and connecting users with Rocket Mortgage bankers.

Staging 370

Staging Design Mortgages Finance 370

Housing Wire

JANUARY 8, 2025

However, for many lenders and title agents, the path to compliance can be a bit too much to handle while running a business and dodging compliance risks. It offers order management, instant title reports, closing agent management, and digital closing capabilities. Migrating to EPC is a pivotal shift for lenders and title agents.

Technology 365

Technology Title Lending Development 365

Inman

JANUARY 8, 2025

Dangerous and discriminatory misconceptions about the purpose of home loans from the Veterans Administration may be keeping hard-working and well-prepared military veterans from the American dream of homeownership, veteran and team leader Cheryl Arroyo writes.

Loans 158

Loans VA loan Mortgages Agents 158