Housing Wire

NOVEMBER 13, 2024

The past two years have been tough, but even before 2021, Black homeownership was either falling or stagnant and remains far from its pre-2004 high of nearly 50%.” finds itself in a “troubling environment” for bolstering Black homeownership as evidenced by two key — and lagging — metrics.

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Housing Wire

NOVEMBER 21, 2024

Here’s the link: [Link] Script 9: Get them pre-approved Hi [Name], getting pre-approved is a great first step. In this article, we’ve gathered 30 real estate text message scripts designed to help you connect with leads, nurture relationships, and get more deals to the closing table this coming year.

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Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

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Housing Wire

JUNE 30, 2021

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. The post Sierra Pacific’s Fast Track process gives brokers a more robust pre-approval, shortening cycle times appeared first on HousingWire.

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Housing Wire

FEBRUARY 7, 2025

Mayor Muriel Bowser approved the measure on Jan. The amendments appear to apply to the pre-existing Reverse Mortgage Insurance & Tax Payment Program (ReMIT), which was initially started in 2019 as a pilot program. The governing council of the nations capital, Washington, D.C. In mid-January, the D.C. In mid-January, the D.C.

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Housing Wire

DECEMBER 6, 2024

Its up to us as agents to stay engaged and stay in contact with our clients. Building on existing relationships is the quickest and easiest way to keep your pipeline filled with active buyers and sellers, so you dont have to worry about dry spells. Lets dive in! Summary What is a real estate newsletter? Why send a regular real estate newsletter?

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Housing Wire

FEBRUARY 4, 2021

Get pre-approved before beginning your home search. Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. There’s no doubt we’re in a seller’s housing market. Of course, nothing’s impossible. The long and short of it? The bottom line.

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Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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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

OCTOBER 1, 2020

Effective Thursday, homebuyers on Realtor.com who say they wish to be pre-approved for a mortgage will see an advertisement from Rocket Mortgage that will allow them to receive pre-approval in as little as 20 minutes. It’s being rolled out in hundreds of test markets. “They think, ‘I want to buy a home.’

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Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. According to industry experts, there is more to a home offer than just the price you are willing to pay.

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Housing Wire

SEPTEMBER 6, 2023

Department of Housing and Urban Development (HUD)-approved counselors can use fee for pre-purchase counseling and homeownership education services. The change was confirmed through a LinkedIn post by HUD Deputy Assistant Secretary for Housing Counseling David Berenbaum. This list is provided for ease of reference.

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Housing Wire

NOVEMBER 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. Smart loan officers will offer to work directly with listing agents to vet offers and provide pre-approvals.

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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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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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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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Housing Wire

DECEMBER 22, 2020

Pre-approval. 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. Once you find a house, your lender will want to be sure it’s worth the money you’re asking to borrow for it. Earnest money.

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Housing Wire

JUNE 20, 2024

Mortgage Connect Risk Solutions is approved by each of the major credit-rating agencies. Its suite of services includes mortgage QC, due diligence and fulfillment; pre-funding and servicing QC; and new registrations and transfers to the Mortgage Electronic Registry System ( MERS ).

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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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Housing Wire

NOVEMBER 14, 2023

We will cover the costs of collecting and disseminating rent payment data for a 12-month period for multifamily property owners/operators of Fannie Mae-financed properties who leverage one of the three approved vendors to collect the data,” Fannie Mae said in a blog post.

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Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house.

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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.”

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Housing Wire

APRIL 12, 2024

starter home, up 8% from a year ago and up nearly 100% from pre-pandemic figures, Redfin reported. Buying typically requires a sizable down payment and approval for a mortgage — things that are difficult for many people today, when the typical down payment is near $60,000 and mortgage payments are sky-high.

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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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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). history, follows a pre-seed round of $40 million. But this is no ordinary mortgage startup. billion following a merger and acquisition later this year.

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Housing Wire

JUNE 3, 2024

For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’ “For For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’, This is designed to keep user engaged on brokerage sites, foster trust and enhance their overall experience.

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Keeping Current Matters

AUGUST 31, 2020

Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. A recent survey shows that only 52% of active homebuyers obtained a pre-approval letter before they began their home search. Buyers who are pre-approved are definitely a step ahead when it’s time to make an offer.

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Pre-approval Sales Mortgages As-is 337

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. One critical shift is the adoption of pre-funding QC reviews. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.

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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? Prices are going up.

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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.

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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. By partnering with an approved TLS wholesale partner, borrowers have the option to secure a line of credit with terms ranging from five to 30 years, along with 2- to 5-year draw terms.

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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

OCTOBER 27, 2020

Only allow buyers with pre-approved mortgages to schedule tours (this ensures they’re serious), and require masks, gloves and other precautionary measures while in the home. As news of rising home prices spreads, more and more homeowners consider selling their properties. . After all, higher home prices mean bigger profits, right?

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Pre-approval Mortgages As-is Closing 514

Housing Wire

FEBRUARY 1, 2023

Andrew Marquis, regional vice president at CrossCountry Mortgage , also noted that he’s doing twice as many pre-approvals that he was doing in the fall due to the decline in rates. “We We have a lot of clients reaching out for pre-approvals. That is good news for mortgage rates, which will possibly fall to 5.5%

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Housing Wire

DECEMBER 6, 2022

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. . Startup Pylon raised $8.5

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Pre-approval Mortgages Banks Loans 370

Housing Wire

OCTOBER 1, 2024

The inspection must be conducted by an FHA-approved appraiser, even if there is no damage listed in the report, which must be dated after the incident date or 14 days from it, whichever is sooner. “If and its territories where the president has declared a major disaster under the Stafford Act,“ FHA said in its notice. “In More than 1.5

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Housing Wire

JANUARY 18, 2022

” Per the company’s website , it takes five minutes to receive a pre-qualification for a mortgage, though final approval is conditional on finishing the application and providing supporting documents. Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets.

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