Housing Wire

FEBRUARY 28, 2024

Top 10 mortgage lender and servicer Newrez is partnering with Newzip , a tech-enabled real estate platform, to roll out a program aimed to save buyers and sellers on credit costs. They will also be offered closing cost credits of up to 0.5% The program is only eligible for loans that close through Newrez.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

Housing Wire

NOVEMBER 1, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown?

Seller concession 468

Seller concession Loan Officer Closing costs Mortgages 468

Housing Wire

FEBRUARY 5, 2021

With the acquisitions of Stearns and Owning, Guaranteed Rate now has a stable of profitable joint-ventures , some of the nation’s top-producing retail loan officers , access to the wholesale channel and a stronger direct-to-consumer platform to grow its refi business. The company appears to be only licensed in California.

Loan Officer 448

Loan Officer Loans Closing costs Title 448

Housing Wire

NOVEMBER 20, 2024

Mortgage , which has 330 sponsored loan officers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By royalty per score accounts for a small portion—approximately 15%—of the cost of a tri-merge credit report and score bundle. per score—equating to $4.35 per borrower and $8.70

Mortgages 435

Mortgages Loan Officer Loans Closing costs 435

Housing Wire

MARCH 15, 2024

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.

Industrial 514

Industrial Seller concession Purchase and sale agreement Agents 514

Housing Wire

NOVEMBER 7, 2023

Not helping FHA, VA borrowers get off the sidelines Under current FHA rules, sellers can contribute up to 6% in concessions to FHA borrowers to cover closing costs, prepaid expenses and discount points. “But agent commissions have never been a closing cost from a buyer perspective. Grant said.

VA loan 482

VA loan Agents Seller concession FHA loan 482

Housing Wire

MAY 25, 2023

Few loan officers make the purchase product a main part of their business. Real estate agents, loan officers and builders can attract customers they have never captured before. Many of these loan officers have existing relationships with real estate agents and builders,” Cooper said. “If

Loan Officer 418

Loan Officer Equity Finance Loans 418

Housing Wire

FEBRUARY 14, 2024

This model is still expensive for homeowners because they are paying duplicate closing costs and leaseback fees. The third iteration was pioneered by Calque and is the most cost-effective model of the three. That also means local agents can keep working with loan officers they know and trust.

Backup offer 448

Backup offer Loan Officer Home sale contingency Branding 448

Housing Wire

FEBRUARY 19, 2021

If there’s an error, report it to your loan officer as soon as possible. Before you close on your loan, you’ll have the opportunity to walk through the house one more time, making sure any repairs you requested were done and that the owners cleared out their property and left the place in good condition.

Loans 535

Loans Loan Officer Closing Closing costs 535

Housing Wire

JANUARY 17, 2024

With this latest enhancement, homebuyers aged 62+ can participate in seller concessions for up to 6% of the sales price toward borrower origination fees, other closing costs, prepaid items, and discount points. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

Finance 482

Finance Seller concession Loan Officer Loans 482

Housing Wire

SEPTEMBER 21, 2022

The following five accounts showcase how lenders and loan officers can use TikTok to brand themselves as well as entertain and educate home buyers. . Scott Betley is a loan officer for NFM Lending with more than 10 years of experience helping first-time home buyers and move-up buyers. Scott Betley ( @thatmortgageguy ).

Loan Officer 370

Loan Officer Loans Branding Mortgages 370

Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Agents 418

Agents Loan Officer Lending Loans 418

Housing Wire

SEPTEMBER 30, 2021

Local real estate agents, loan officers and appraisers share what characteristics are currently defining their housing markets. Buyers “are waiving inspections, an appraisal contingency, and the latest trend is to pay closing costs usually done by the seller.” Kansas City, Missouri. One kid will give their parent’s car.”

Marketing 370

Marketing Loan Officer Closing costs Inspection 370

Housing Wire

APRIL 3, 2024

The plaintiffs claim they hired independent mortgage brokers, believing the wholesale channel was the best option for getting affordable mortgages because these professionals can shop around — a different model from loan officers employed by retail lenders. “As

Loans 482

Loans Loan Officer Mortgages Closing costs 482

Housing Wire

APRIL 12, 2023

“It is essentially free money that would be credited back to the borrower should they pay the loan off within the buy down structure (1/0, 2/1, or 3/2/1).” Seller credit for closing costs, price reductions waiving of fees, and adjustable-rate mortgages (ARMs) were also mentioned by mortgage professionals as incentives offered in the market.

Mortgages 417

Mortgages Loan Officer Marketing Seller concession 417

Housing Wire

MARCH 1, 2021

You often won’t need a credit check, home appraisal or much paperwork, and you can close on your loan in just a couple of weeks. . They usually come with lower closing costs, too, making them a great way to save both time and money. It doesn’t stop there.

Mortgages 459

Mortgages VA loan Loans Loan Officer 459

Housing Wire

APRIL 8, 2024

After analyzing millions of federal and state records, Hunterbrook Media estimates that 8,682 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, with a total value of at least $11.7 UWM’s parent company non-GAAP adjusted net loss was $57.1 million in 2023, compared to a profit of $719.4

Loans 440

Loans Loan Officer Mortgages Closing costs 440

Housing Wire

FEBRUARY 1, 2023

“The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

Construction 418

Construction Loans Loan Officer New Construction 418

Housing Wire

FEBRUARY 15, 2024

They made good money, but with student loans and car payments, they didn’t have the money for the down payment and closing costs,” Saller said. Every call I get, if they are first-time homebuyers, they ask, ‘Where can I get money for a down payment or closing costs?’” It’s really about access to credit.

FHA loan 476

FHA loan Loans Closing costs Loan Officer 476

Housing Wire

DECEMBER 22, 2020

As long as you go through with the deal, the deposit will go toward your closing costs and down payment. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. You can offer more if you’re looking to get a leg up over other buyers. You’re not alone.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

FEBRUARY 10, 2022

In November, Freddie Mac announced it would encourage landlords to provide access to rental payment data, by recouping a portion of closing costs for properties it finances. Freddie Mac CEO Michael DeVito gave an update on progress for Freddie Mac’s on-time rental payment initiative.

Loan Officer 418

Loan Officer Finance Loans Banks 418

Housing Wire

APRIL 9, 2024

O n April 2, Hunterbrook Media reported that over 8,600 loan officers at independent brokerages sent UWM more than 99% of their mortgages in 2023, more than double the number of partners sending 99% of their loans to the lender in 2020.

Fixed-rate mortgage 468

Fixed-rate mortgage Loans Mortgages Loan Officer 468

Housing Wire

FEBRUARY 3, 2023

With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. “By maintaining initial asking prices, builders can help keep current values in the neighborhood and ensure appraised values for buyers,” the company said in a statement. Guaranteed Rate originated $34.38

Loans 370

Loans Loan Officer Closing costs Mortgages 370

Housing Wire

JULY 4, 2024

Historically, interest rates are not as extreme as they seem, and with proper guidance, potential buyers can still find manageable financing options with lower down payments, down payment assistance and the potential for seller concessions to help cover agent commissions and closing costs.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

APRIL 25, 2023

The goal of Asset Analysis is to automate the labor-intensive process of reviewing assets and multiple bank statements during underwriting to determine the likelihood that the borrower will have sufficient funds to cover down payments, closing costs, and reserves for the mortgage transaction.

Lending 396

Lending Banks Loan Officer Loans 396

Housing Wire

SEPTEMBER 22, 2022

These documents reveal critical details on loan terms, projected monthly payments, and how much the consumer will pay in fees and other costs to get their mortgage (closing costs),” Kalinski said.

Marketing 370

Marketing Loan Officer Loans Finance 370

HomeLight

JUNE 18, 2021

During the excitement of searching for a home and getting preapproved for a loan , closing costs may get overlooked. Many buyers tend to budget for their monthly mortgage payment and their down payment , but closing costs need to be considered in the equation as well. What are closing costs ?

Closing costs 105

Closing costs Closing Mortgages Title 105

Housing Wire

JULY 2, 2024

Purchase is one we’re watching closely with the recently implemented tweak to closing costs that we expect to open that door more fully. to 594 loans for the month. Equity takeout is the most stable as the largest segment so the lower volatility in May makes perfect sense.”

Mortgages 434

Mortgages Equity Loans Loan Officer 434

Housing Wire

SEPTEMBER 16, 2020

as a $400,000 loan including cash out, they get a… quarter of a point, or $1000 credit toward their closing costs. I said the earliest would be October 1st, but I don’t think it’s going to be that because we’re closing in 17 days, 15 days, 12 days, but we don’t need to charge borrowers.

Mortgages 488

Mortgages Marketing Title Loans 488

HomeLight

JUNE 15, 2023

After finding their dream home and signing the purchase contract , most buyers feel on top of the world … until they see the Loan Estimate or preliminary closing statement (if buying in cash). Did the closing costs for the buyer in particular catch you by surprise? Get Started What does a buyer pay in closing costs?

Closing costs 98

Closing costs Closing Title Inspection 98

Housing Wire

MAY 12, 2022

That means enough loan officers on staff to engage proactively with clients, to educate them and to build the trust that can only be achieved between two humans. There’s no one to answer questions about DTI ratios, the down payment amount or closing costs at the moments they matter most. Customer acquisition costs go up.

Lending 370

Lending Marketing Pre-qualification Pre-approval 370

Housing Wire

MARCH 1, 2021

It’s much more efficient to reach a loan officer and input an application into the pipeline than ever before. But about those fulfillment, production and closing costs…. In 2019, The MBA estimated that for depositories, 46% of retail origination costs were used to cover sales functions.

Closing 365

Closing Title Marketing Title search 365

Housing Wire

OCTOBER 20, 2023

This could include posting information regarding down payments, typical closing costs to expect, first-time homebuyer programs available, and tips on navigating lending. Other ideas such as mistakes you see first-time homebuyers make, or busting myths about buying a home in general may also be helpful content for first-time homebuyers.

Agents 435

Agents Lending Staging Renovation 435

Realtor.com

NOVEMBER 11, 2022

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 3: Learn how a loan officer can help.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Realtor.com

DECEMBER 20, 2021

“The best advice that I could give is to get a couple of recommendations for loan officers in your area,” says Nathan Perkins Jr. , What if you don’t meet the eligibility requirements for a VA, FHA, or USDA loan? . an agent with Century 21 Envision in Upper Marlboro, MD.

Pre-approval 137

Pre-approval Loans Loan Officer VA loan 137

Real Trends

NOVEMBER 2, 2022

As mortgage rates hit 7% and above, loan officers are seeing new borrowers increasingly interested in options that can help reduce their initial mortgage payments. Temporary rate buydowns are not new, but many loan officers may not be familiar with the option. So what is a 2/1 rate buydown?

Seller concession 109

Seller concession Loan Officer Closing costs Mortgages 109

Dwell Real Estate

MAY 26, 2022

With the help of my realtor and loan officer, there was so much that I didn’t know about and they were able to help me and guide me,” said Officer Ashton Wolfe, Cape Coral Police Department. ” “Recently I started looking to buy a house. “I joined the military when I was 18.

Loan Officer 98

Loan Officer Closing costs Finance Loans 98