This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Mortgage pros have closely monitored the commission lawsuit developments since a Kansas City, Missouri jury determined that NAR, HomeServices of America , and Keller Williams conspired to inflate or maintain high commission rates through NAR’s so-called Participation Rule.
That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.
San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I I absolutely knew that I wanted to remain in the reverse mortgage industry.
Furthermore, after a few years of economic upheaval in the mortgage industry, Jacobson says that creating a culture of freedom and inclusivity is more important than ever for Fairway’s continued success. He explains that speed and customer service rule every aspect of business, including the mortgage industry.
If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. I was feeling a bit drained from it all, and truth be told, it made me feel as though I had lost the “it” factor I once had in this industry. You see, social media glorifies success; think about it.
A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. What the mortgage industry’s been told Despite widespread speculation and hints during company earnings calls, FICO has neither confirmed nor denied that cost increases on credit reporting will affect mortgage lenders in 2025.
American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We
However, the industry is approaching this cycle with caution. loanDepot’s focus is on the sales side, attracting experienced loan officers (LOs) and people who want to join the industry via its accelerated career in effective sales (ACES) program. The first thing we are hiring for is more recruiters.
The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry. In our industry, we have so many different verticals. As an industry, we must come together and grow as leaders.
The share of respondents who believe the changes will lead agents to leave the industry has also come down, dropping by 9 percentage points to 86% of agents surveyed. The share of respondents who believe the changes will lead agents to leave the industry has also come down, dropping by 9 percentage points to 86% of agents surveyed.
HousingWire real estate reporter Jeff Andrews sat down with Umansky to talk about his brokerage, agent recruiting efforts, how the industry is changing in the wake of the NAR commission lawsuit settlement — and even a little fashion. It’s really out of pure love and wanting to give back to an industry that we love.
The mortgage industry has long been promised a technological revolution to streamline workflows, reduce operational costs, and enhance efficiency. This raises a critical question: Is technology failing the mortgage industry, or are we approaching it incorrectly? The human touch remains critical in mortgage lending.
I have attended several industry events recently and so many of the discussions continue to focus on the short game—top of funnel. These are exciting times for our industry and technology innovations continue to improve to support the needs of modern agents. Host monthly discussions to highlight popular features and demonstrate ROI.
Introduction The mortgage industry is in constant flux, and talented loan originators and their teams are in high demand. Gone are the days when refinance applications provided a steady pipeline of loans for anyone holding a license. This movement, however, is not without legal risks for employee and employer.
The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Top producers often succeed due to their independence and focus on personal goals. Heres how: 1.
In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Danielle Wilkie , co-founder of The Helm , to discuss emerging trends in real estate, female representation in real estate coaching and artificial intelligence. This interview has been edited for length and clarity. Wilkie: I think the No.
With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. In addition to education, industry mitigation efforts are working.
In a blog post , Zillow Group’s chief industry development officer, Errol Samuelson, wrote that buyer agreements can “provide transparency, promote open conversation, and foster alignment between the two parties.” The trade group recently clarified that these agreements must be signed prior to the agent taking a buyer on a home tour.
We look forward to working with interim CEO Debra Ferrier, who is well-known throughout the industry, and who has a keen understanding of the priorities of the Association. “We I look forward to working with our leadership team, the Board, and the staff at CAR in the months ahead during what is a very challenging time in our industry. “I
Reverse mortgage professionals made more inroads into the forward mortgage industry in 2024. Continuing this momentum into 2025 is a priority for many in the reverse mortgage space, according to conversations with leaders at various industry lenders. One key is to bolster connections between a companys forward and reverse divisions.
While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.” In a document filed on Monday in U.S.
Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It Traditionally we were seeing commissions here in the 5% to 6% range, but now it is more like 4.5% for a total for both sides of the transaction.”
Brokers and industry leaders say things are still a little chaotic, but they aren’t nearly as bad as some feared. Although the world didn’t end for the real estate industry on Aug. Confusion and chaos are fairly frequent visitors in many transactions, which industry leaders believe is to be expected.
As we mourn the loss of Steve, we hold tight to the incredible impact he had on agents, our industry, and the fact that his legacy will live on at Keeping Current Matters. Steve regularly consulted with, coached and advised many of the industry’s top executives. “He believed it was truly good for Americans to own their homes. .”
Paperback Audiobook The Subtle Art of Not Giving a F*ck by Mark Manson A catchy title backed up by an important message, this book is universally applicable across all industries. As you plan your 2025, its important to be intentional about including self-development activities. As the title states, its all about starting with why.
You can network and build community with other agents worldwide, keep up-to-date on the latest industry trends, stay motivated when you’re feeling discouraged, learn directly from some of the top real estate leaders, and even potentially find new clients! The content ranges from inspirational/motivational posts to questions asked by members.
Jason Abrams, the head of industry and learning at Keller Williams, said it was important that the firm provide users with information in a variety of mediums. “I For Abrams, the resource guide’s best feature is that agents can gather insights and information from a variety of industry professionals. “I
H4P has struggled to gain traction in the already-niche reverse mortgage market, though some reverse mortgage industry professionals have aimed to amplify its potential among their peers. But industry professionals also tend to see H4P as a bit of a hard sell for borrowers and, critically, real estate agent referral partners.
Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.
For many in the real estate industry, Aug. As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. In the days immediately following Aug. But he also said that isn’t the goal.
The news about NAR’s insurance predicament began circulating late Wednesday , with industry analyst Rob Hahn highlighting the news in the Thursday edition of his email newsletter NotoriousROB. NAR’s insurance policy is tapped out, and there are no funds available for REALTOR Associations and MLSs for legal defense costs,” Hahn wrote.
Additionally, this is the second major cyber security incident to hit the title industry in less than a month. Additionally, this is the second major cyber security incident to hit the title industry in less than a month. First American is the latest real estate firm to suffer a cybersecurity incident.
Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry.
Challenges facing the industry The challenges identified by respondents highlight several areas of concern. Looking ahead, it is essential for industry leaders to foster collaboration, share best practices, and adapt to the shifting market dynamics, particularly in the new post-NAR settlement real estate market.
As a self-described “technology driven industry disrupter,” Homie’s business model involves charging home sellers a flat fee to list their property on the MLS. “As The industry has undergone significant evolution over the past decade, with dynamic changes in the competitive landscape.
We noted last month that if industry rate projections hold firm, we could see a mini-surge of refi activity around the 2023 vintage by the end of 2024,” Walden continued. When it comes to retaining the business of refinancing homeowners, the industry has a lot of ground to make up. 29 following a series of positive economic data.
Own our worth Almost as soon as the commission verdict was announced, most major industry voices came out with marketing campaigns and webinars about how agents can demonstrate their worth. We need to lighten the load while also keeping pace with the level of professionalism other industries set for their clients.
Over the past year, looking forward has not been an easy task as the industry at large and Realty ONE Group have faced several challenges including the commission lawsuits , business practice changes and market headwinds. We are a company that always tries to play offense, Clear said. We are preparing for more growth.
If housing starts, industrial production, and jobless claims were worse than expected, we would have a different discussion today. As I’ve said for several months on the HousingWire Daily podcast the key to understanding mortgage rates is to focus on the labor and economic data — not rate cuts.
In response to drastic economic changes and environmental concerns, industries are quickly realizing the benefits of investing in sustainable practices that can positively impact their business operations. Over the next several decades, this will require our industry to invest in the development of truly recyclable building materials.
” Wright’s immediate focus as permanent CEO will be guiding NAR and the industry through the implementation of the business practice changes outlined in NAR’s commission lawsuit settlement agreement. The National Association of Realtors has made things a bit more official with Nykia Wright.
mortgage lender loanDepot confirmed Monday morning that it is the industry’s latest cyberattack victim. In December, Fidelity National Financial (FNF) faced a cyberattack that affected its services, including title insurance, escrow, mortgage transactions and technology for the real estate and mortgage industries. Top-15 U.S.
While some in the real estate industry are expecting to see a decline in the number of buyer’s agents as a result of the National Association of Realtors ‘ (NAR) nationwide commission lawsuit settlement agreement , others have taken it a step further and are betting their companies on it. Meet the AI real estate agent. and even worldwide.
If you’ve been listening to the usual industry grifters—masquerading as experts—you might think so. As industry leaders, we’ve heard dire predictions and seen elaborate solutions. As industry leaders, we’ve heard dire predictions and seen elaborate solutions. Is the sky really falling? We’ve adapted.
We organize all of the trending information in your field so you don't have to. Join 144,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content