Housing Wire

NOVEMBER 8, 2021

After completing countless Veterans Administration (VA) mortgage loan transactions over the years, Chris Pascoe, a Marine veteran turned RE/MAX agent, has developed something of a system. First, he has his clients lender call the listing agent.

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418

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.

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Loans FHA loan Mortgages Loan Officer 459

Housing Wire

MARCH 6, 2023

The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said. For the week ending Feb.

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Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

SEPTEMBER 21, 2023

Guaranteed Rate ’s PowerVP mobile app aims to enhance loan originators’ ability to keep in constant contact with customers anywhere, at any given time — 24/7. Agents submitting an offer at 8:30pm? G-Rate will provide 2% of the required 3% minimum down payment for a conventional loan or up to $2,000 — whichever is lower.

Pre-approval 435

Pre-approval Loans Finance Mortgages 435

Housing Wire

JULY 16, 2021

So putting listings online in a portal,” said Carey Armstrong, who co-founded the company with Greg Schwartz, and ran Premier Agent at the Seattle real estate tech giant. To provide that competitive edge, Tomo claims to issue mortgage pre-approvals within hours – not days – and cut closing times to 21 days (the industry average is 47 days).

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Lending Pre-approval Mortgages Closing 476

Housing Wire

AUGUST 24, 2022

Buyers can qualify for Tomo appraisal coverage by having an underwritten pre-approval from Tomo Mortgage before making the offer, a minimum of a 10% down payment, and are working with a Tomo partner agent who runs the property address through a verification process with Tomo before placing the offer.

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Pre-approval Mortgages Closing Loans 397

Housing Wire

FEBRUARY 23, 2023

Patrick O’Brien, the founder and CEO of LenderLogix , said the product was designed in response to the need for a more efficient and cost-effective method of managing the loan application process. When the application is complete, the loan originators give borrowers a customized needs list and a secure document upload link. “As

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Pre-approval Loans Closing costs Branding 393

Housing Wire

JULY 4, 2024

The role of real estate and mortgage professionals In times like these, the role of real estate agents , brokerage owners and lenders becomes even more critical. The question is whether it is becoming less attainable or merely obscured by market noise and confusion. Change is constant, and as professionals, we must adapt.

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Housing Wire

SEPTEMBER 30, 2021

The loan production process can be incredibly complex, as well as time-consuming. The platform’s mobile-first approach enables lenders to close more loans through on-the-go origination tools while also delivering the modern convenience that today’s consumers have come to expect.

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Pre-approval Loans Staging Closing 397

Lighter Side of Real Estate

MARCH 11, 2025

If you wait until the market is already in full swing, you may struggle to secure the right real estate agent, miss out on great homes, or find yourself caught in a frenzy of competing buyers. Thats why its a good idea to get the ball rolling with your real estate agent before the spring market kicks off.

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Pre-approval Agents Debt-to-income ratio Inspection 97

Housing Wire

APRIL 4, 2022

Redfin completed its acquisition of Bay Equity Home Loans , paying $137.8 22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. The purchase price “represents a $72.5 Presented by: 1000watt.

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

JANUARY 26, 2022

According to a Q4 analysis by MISMO-certified wire and prevention fintech FundingShield, 42% of loans reviewed by the fintech firm had at least one risk finding, and of those loans, an average of 2.1 increase in CPL/agent validation errors with title insurers versus the 12-month average and a 2.4% of transactions.

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Industrial Pre-approval Title Technology 370

Housing Wire

MARCH 29, 2023

Historically correlated to 10-year treasury notes, the 30-year fixed rate with conforming loan balances ($726,200 or less) decreased to 6.45% last week, the lowest level in over a month, according to the MBA data. Is the spring buying season here?

Mortgages 435

Mortgages Pre-approval Banks Loan Officer 435

Keeping Current Matters

DECEMBER 1, 2021

Pre-Approval: the Best Opening Play To Make as a Homebuyer. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? Bottom Line.

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Pre-approval Marketing Loan Officer Lending 289

Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

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Loan Officer Pre-approval Marketing New Construction 397

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area.

Loan Officer 418

Loan Officer Marketing Pre-approval Mortgages 418

Housing Wire

JANUARY 8, 2021

While the mortgage lending industry has always been an ever-changing profession, we as loan originators have entered a very unprecedented market, with a new landscape paved by uncertainty and a level of anxiety that could easily cripple the most seasoned originator.

Lending 476

Lending Mortgages Pre-approval Loans 476

HomeLight

OCTOBER 28, 2024

You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. Understanding your motivation will also assist your agent in tailoring the home-selling process to your needs, whether it’s selling quickly or maximizing profit.

Pre-approval 110

Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. Zillow lost $528 million in 2021, the company reported, compared to losing $162 million in 2020. Zillow did report $8.1

Pre-approval 418

Pre-approval Mortgages Agents Finance 418

Keeping Current Matters

NOVEMBER 30, 2020

Listen to Your Real Estate Agent. The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd.

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Inspection contingency Pre-approval Inspection Staging 339

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion, down from $2.9

Title 435

Title Pre-approval Investor Mortgages 435

Housing Wire

JULY 12, 2024

State law requires you to complete a 40-hour course at an approved Massachusetts real estate school to begin the process. Complete a 40-hour prelicensing course Before you can sit for the Massachusetts real estate licensing exam, you must complete 40 hours of approved prelicensing education.

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Pre-approval Agents Staging As-is 448

Housing Wire

JUNE 24, 2021

” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Equity 418

Equity Proof of funds Pre-approval Investor 418

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. “According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

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Pre-approval Equity Loan Officer Brokerage 414

HomeLight

JUNE 19, 2023

Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common. They both estimate the size of the home loan you can expect to get. But what exactly are they?

Pre-qualification 97

Pre-qualification Pre-approval Mortgages Loans 97

Housing Wire

FEBRUARY 15, 2023

Steinway, who claims to have closed more than $1 billion of loan volume in his 24-year career, joined Revolution at the end of January, he said in an interview with HousingWire on Wednesday. He was the fourth mortgage loan originator to join Guaranteed Rate in 2000. It’s a different approach to lending. It’s the local relationships.

Mortgages 370

Mortgages Pre-approval Lending Loan Officer 370

Housing Wire

SEPTEMBER 14, 2020

Low interest rates have kept refinance loan volumes robust, but no one knows for how long. While other industries have learned to deliver high levels of customer engagement and satisfaction to online consumers, too many lenders are still originating loans much as they were 20 years ago. Is this a low-risk, low-LTV loan?

Lending 488

Lending Mortgages Technology Loans 488

Housing Wire

SEPTEMBER 2, 2021

It also allows sellers access to a network of pre-approved buyers to expedite the process. HomeLight claims that it has built a “faster application and underwriting process” that allows the company to guarantee that it can close a loan in 21 days with “zero lender fees and transparent rates.”.

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Pre-approval Investor Technology Equity 414

Keeping Current Matters

SEPTEMBER 15, 2021

The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. As Freddie Mac puts it : “This pre-approval allows you to look for a home with greater confidence and demonstrates to the seller that you are a serious buyer. ”. Recent sales trends in the area.

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Inspection contingency Pre-approval Inspection Agents 323

Housing Wire

APRIL 13, 2023

From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication. After county review and approval, documents are quickly stamped and recorded for public record.

Technology 369

Technology Mortgages Pre-approval Closing 369

Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Don’t make an offer that will be tossed out as soon as it’s received.

Inspection contingency 332

Inspection contingency Pre-approval Inspection Staging 332

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

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Pre-approval Debt-to-income ratio Mortgages Marketing 125

Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

Pre-approval 370

Pre-approval Technology Title Loans 370

Housing Wire

DECEMBER 6, 2022

To get into an agent’s circle, an LO has to see problems before they manifest they need to communicate whether the news is good, bad or ugly, agents said. range, versus closing on their mortgage now when their homes are finally finished being built and rates are around 7.0%,” said Summers, a Keller Williams agent in Provo, Utah.

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Loan Officer Pre-approval Loans Agents 370

Housing Wire

DECEMBER 20, 2022

When the refi market dried up in 2022, business took a drastic turn for Thuan Nguyen, CEO of Loan Factory and the top loan originator on the Scotsman Guide for the last two years. billion in origination volume last year, making you the loan originator with the most origination volume for two consecutive years on the Scotsman Guide.

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Loan Officer Loans Pre-approval Technology 74

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

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Pre-approval Debt-to-income ratio Mortgages Loans 94

Realtor.com

JANUARY 16, 2023

. “While you do not ‘need’ a pre-approval letter from your lender in order for your offer to be accepted, I highly recommend all of my buyers present it,” says Denise Shur , a Realtor® with 1:1 Realty in San Jose, CA. ” What is mortgage pre-approval? .”

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Mortgage pre-approval letter Pre-approval Pre-qualification Mortgages 98