Housing Wire

OCTOBER 28, 2024

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. Just as quickly, rates rose again due to the influence of other economic news, and within two weeks, the number of people eligible for a refinance dropped by 20%.

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Loan Officer Pre-approval Technology Loans 435

Housing Wire

APRIL 4, 2025

Doing so would close what he described as the 1099 loophole. The brokerage takes 20% but, per the source, really only offers system access (ARIVE in most cases), investor approvals and AMC access. One of the bigger players in the wholesale space was soon going to require that all broker LOs be paid as W2s. Its blatant.

Pre-approval 356

Pre-approval Loan Officer Loans Brokerage 356

Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. This gives brokers a more robust pre-approval that can compete with cash offers, and subsequently, shorten the processing and underwriting cycle times by almost half. Chief Production Officer Jay Promisco said.

Pre-approval 293

Pre-approval Technology Loans Industrial 293

Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. That’s our biggest issue in Boston.”

Loans 418

Loans Pre-approval Closing Marketing 418

Housing Wire

APRIL 4, 2022

Bay Equity CEO Brett McGovern also touted the benefits of the acquisition, saying, “Being a part of Redfin will help us meet customers more efficiently, which means we can give Redfin homebuyers competitive rates while delivering a seamless experience from pre-approval to close.”. The purchase price “represents a $72.5

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better HoldCo, Inc. Over the past two years, Aurora has worked to deliver over $1.3

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Closing Pre-approval Finance Title 370

Housing Wire

JANUARY 31, 2025

of Regulatory Agencies or DORA) requires all students to complete an approved course of study totaling 168 class hours. Know what to expect In order to get your real estate license in Colorado, youll need to complete 168 hours of coursework at one of Colorado Division of Real Estate’s approved schools. I opted for the latter.

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Housing Wire

JULY 16, 2021

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). If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule.

Lending 476

Lending Pre-approval Mortgages Closing 476

Housing Wire

SEPTEMBER 2, 2022

has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). To ensure the NFT is traded as agreed, the NFT seller (homebuyer) has two choices.

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Technology Earnest money deposit Loans Pre-approval 95

Housing Wire

AUGUST 24, 2022

Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed. In addition, homebuyers must be occupying the home as a primary residence, and therefore it is not available on multi-family properties.

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Pre-approval Mortgages Closing Loans 397

Housing Wire

JANUARY 20, 2021

Getting approved for a loan is only part of the battle. But the truth is, when lender’s pre-approve homebuyers, they don’t always take into account monthly payments. But the truth is, when lender’s pre-approve homebuyers, they don’t always take into account monthly payments. Buying a home?

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Debt-to-income ratio Pre-approval Mortgages Loans 459

Housing Wire

OCTOBER 1, 2024

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. By identifying potential discrepancies and compliance issues upfront, lenders can prevent more significant problems from surfacing post-closing.

Loans 432

Loans Pre-approval Marketing Staging 432

Housing Wire

DECEMBER 22, 2020

Pre-approval. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. They’re best if you plan to move before the rate can adjust or if you’re willing to refinance not long down the line. This is sometimes called “prequalification,” depending on your mortgage lender.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

MAY 24, 2024

If you’re considering buying a home but worry that student debt will prevent you from securing a mortgage, you’ll need to be strategic about your approach to increase the probability of your application getting approved. A higher credit score is generally associated with high reliability, improving your chances of a mortgage approval.

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Debt-to-income ratio Loans Pre-approval VA loan 468

Housing Wire

OCTOBER 27, 2020

Many renters are looking to get out of cramped, close quarters amid social distancing efforts, and existing homeowners are moving on to bigger properties—often in more suburban areas where space isn’t a premium. As news of rising home prices spreads, more and more homeowners consider selling their properties. .

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Pre-approval Mortgages As-is Closing 514

Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Pre-Foreclosure Potential.

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Sales Pre-approval Short sale MLS 435

Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. increase from Q1.

Pre-approval 370

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Housing Wire

JUNE 22, 2023

This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval. Borrowers receive 100% disbursement of funds, with no costs due at closing. The Loan Store, Inc.

Loans 370

Loans Pre-approval Equity Lending 370

Housing Wire

JULY 4, 2024

It may mean drilling down and familiarizing yourself, and your potential clients, with the ins and outs of credit repair, loan pre-qualification and pre-approval, and even basic personal finance and budgeting. As we celebrate Independence Day this year, it’s natural to reflect on the American Dream of homeownership.

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Housing Wire

JUNE 24, 2021

If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf. ” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds.

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Housing Wire

JUNE 20, 2023

Originators will use Figure’s online pre-application process to pre-qualify their customers, which then feeds directly to a digital fulfillment system supported by Figure. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

Lending 370

Lending Technology Pre-approval Equity 370

Housing Wire

SEPTEMBER 30, 2021

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. After downloading the mobile app, borrowers can upload documents, eSign disclosures and closing documents, and check their status in real-time.

Pre-approval 397

Pre-approval Loans Staging Closing 397

Housing Wire

JANUARY 26, 2022

increase in state licensing issues among closing agents versus the 2021 average. Closing complications. According to Suri, many of the fraud risk gaps exist in the closing process. And even as eClosings speed up processes, they can create vulnerabilities at closing for wire and title fraud. Additionally, Q4 2021 saw a 5.4%

Industrial 370

Industrial Pre-approval Title Technology 370

Housing Wire

AUGUST 4, 2022

Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors announcement of the acquisition states. The deal with Matrix resulted in Roundpoint closing some sales operations and laying off employees.

Mortgages 397

Mortgages Pre-approval Loans Principal 397

Housing Wire

FEBRUARY 14, 2024

Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

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Pre-qualification Pre-approval Fixed-rate mortgage Loans 445

Housing Wire

JUNE 24, 2021

The new features not only answer what someone’s home is worth, it also presents estimates of how much equity the homeowners have, ideas and tips of what they can do with that equity, and how they can get pre-approved to tap into their equity. Williams IV, CEO, Buyside. About Buyside.

Pre-approval 414

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Housing Wire

FEBRUARY 23, 2023

QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters. 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.

Pre-approval 393

Pre-approval Loans Closing costs Branding 393

Housing Wire

JANUARY 8, 2021

The current financial state of our country has caused us to now rely heavily on the opening exchanges and the market forecast to determine how our rates will be impacted, thus giving way to a new line of thinking – Where and how can we effectively close loans? 2020 proved that we all need to work to find new ways to generate business.

Lending 476

Lending Mortgages Pre-approval Loans 476

Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close.

VA loan 418

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

Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

Industrial 418

Industrial Purchase and sale agreement Pre-approval Banks 418

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. The solutions featured as part of Simplifile include eRecording, eSign Events, Collaboration and Post-Closing, and Document Builder.

Technology 369

Technology Mortgages Pre-approval Closing 369

HomeLight

OCTOBER 28, 2024

The software will automatically load listings marked as “Closed” and indicate the selling price. Yes, there’s a lot to consider, but there are some simple financial, market, and life meters that can act as a litmus test to help set your course. In this brief post, we’ll provide nine initial “Am I ready?” How Much Is Your Home Worth Now?

Pre-approval 110

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

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. economy that mortgage companies should be ready to face. But to me, it’s an excess of information.” Duncan: No.

Mortgages 487

Mortgages Pre-approval Equity Investor 487

Housing Wire

JANUARY 26, 2022

The digital mortgage lender advertises that it creates pre-approvals for its customer within hours, not days, charges no lender fees, and ensures on-time closings 100% of the time. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Refinancing is also not an option.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

Housing Wire

DECEMBER 1, 2023

For 2023, FICO said it would collect approximately $2 to $8 for all three score tiers out of a $40 to $50 (or more) tri-merge report and score bundle and out of an average $3,800 in closing costs. Compared to 2022, mortgage lenders in 2023 saw a price increase between 10% and 400% , mortgage trade groups and other stakeholders said.

Mortgages 482

Mortgages Pre-approval Closing costs Lending 482

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Reich’s division has a goal of closing $1 billion in loan origination volume this year at Go Mortgage. Go [Mortgage] was on that list,” Reich said.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

MAY 8, 2023

Originators can use the BIG Point of Sale system to monitor and adjust loan files from their mobile devices, including generating pre-approvals, and the web interface module allows the loan officer and consumer to electronically sign loan disclosures and closing documents from their mobile devices.

Technology 396

Technology Sales Mortgages Pre-approval 396