Housing Wire

FEBRUARY 28, 2024

They will also be offered closing cost credits of up to 0.5% The program is only eligible for loans that close through Newrez. The Newrez Home Rewards program is currently available in 40 states for buy-side credits that allow consumer rebates on the closing disclosure, Newrez said in an emailed response to HousingWire.

Closing costs 448

Closing costs Loan Officer Closing Loans 448

Housing Wire

OCTOBER 22, 2024

Mortgage technology company Uplist has launched what it says is a killer new tool that will help loan officers automatically generate refinance options for their clients. This includes property ownership checks, automated valuation models ( AVMs ), loan amount amortization and financial benefit calculations.

Loan Officer 435

Loan Officer Loans Technology Closing costs 435

Housing Wire

AUGUST 17, 2022

United Wholesale Mortgage (UWM) this week launched temporary rate buydowns, a product that allows borrowers to receive lower mortgage rates at the beginning of their loan terms by using seller concessions as part of the payment. Staying nimble in a fast-paced market with the right mortgage technology. primary home purchases. .

Seller concession 435

Seller concession Mortgages Fixed-rate mortgage Loans 435

Housing Wire

FEBRUARY 5, 2021

According to Guaranteed Rate, Owning’s direct-to-consumer platform processed over $20 billion in total loan volume in 2020. Last year, the mortgage firm also had two loan originators produce over $1 billion in mortgages: Ben Cohen and Shant Banosian. According to the NMLS, Owning has 62 loan officers and was formed in 2018.

Loan Officer 448

Loan Officer Loans Closing costs Title 448

Housing Wire

NOVEMBER 3, 2023

That’s why they’ve introduced the homegenius Platform, an integrated solution consisting of advanced technology , data science, machine learning and AI designed to drive value and bring ease to consumers through the home buying and selling journey. Loan must close to be eligible for reimbursement of credit toward closing costs at closing.

Closing costs 434

Closing costs Short sale Technology New Construction 434

Housing Wire

NOVEMBER 13, 2020

Later, you may have taken out a personal or small business loan. Making a loan is all about understanding who a person is and what risk they represent. Consider, too, that the pandemic has given consumers a big push when it comes to expanding their technology comfort zones. Mortgage data is aged data.

Banks 505

Banks Loans Technology Mortgages 505

Housing Wire

MAY 12, 2022

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. This is not an Amazon order.

Lending 369

Lending Marketing Pre-qualification Pre-approval 369

Housing Wire

MAY 23, 2022

Technology equals efficiency. A lot of lenders haven’t spent much money on technology for home equity processes. They’re still using legacy in-house technology for their loan origination system and their processes simply aren’t efficient. They include automated title, digital signing solutions and eClosing offerings.

Equity 397

Equity Title Technology Loans 397

Housing Wire

JUNE 11, 2024

Thus, keeping abreast of regulatory and investor updates and trends is vital to maintaining loan quality and compliance. How are lenders managing loan quality these days? Trevor Gauthier: Overall, lenders are managing loan quality quite well. What are some of the current compliance issues/trends that could impact loan quality?

Loans 445

Loans Lending Mortgages Closing costs 445

Housing Wire

APRIL 18, 2023

However, it still appears that lenders are focusing their technology investments on the point of sale. A 2020 ICE Mortgage Technology survey confirmed this, reporting that 58% of borrowers were affected in their decision making by the presence (or lack thereof) of an online application. This comes as no surprise.

Mortgages 370

Mortgages Technology Closing costs Title 370

Housing Wire

MAY 14, 2024

With the Fed gone AWOL on purchasing mortgage loans, mortgage rates have doubled and spreads over 10-year Treasuries are at historical highs. In late 2021, Congress renewed a 10 basis point tax on Fannie Mae and Freddie Mac loans for another decade – not based on loan risk, but to pay for non-housing spending.

FHA loan 435

FHA loan Loans Title Banks 435

Housing Wire

JUNE 9, 2022

Renovation financing startup RenoFi now offers a fixed-rate home renovation loan, which allows homeowners to borrow as much as 90% of their home’s after-renovation value — a move to target homeowners who don’t qualify for a home equity line of credit (HELOCs). Presented by: Auction.com.

FHA loan 369

FHA loan Renovation Equity Loans 369

Housing Wire

FEBRUARY 10, 2022

The government-sponsored enterprise saw a 20% growth in its single-family mortgage portfolio from 2020 to 2021, driven by soaring home prices and an increase in the average size of loans it acquired. trillion in single-family loans in 2021, about two-thirds of which were refinances. It reported $2.7 Overall, Freddie Mac purchased $1.22

Loan Officer 418

Loan Officer Finance Loans Banks 418

Housing Wire

OCTOBER 21, 2021

The nation’s network of Federal Home Loan Banks (FHLBanks ) expects to be required to increase its share of investments in affordable housing. The resources help families with 80% or less of the area median income for down payments or closing costs, for example. In May, Sen. Catherine Cortez Masto (D-NV) and Rep.

Banks 370

Banks Loans Equity Finance 370

Housing Wire

AUGUST 14, 2023

Fannie Mae is no longer considering a pilot program that would bypass traditional title insurance by granting certain mortgage lenders a waiver on title insurance requirements for loans sold to Fannie, according to an announcement earlier this month. During the first quarter of 2023, title insurers brought in $3.37

Title 370

Title Closing costs Finance Land 370

Housing Wire

SEPTEMBER 16, 2020

Let’s start with the recent 30-year fixed rate cash-out refinance, which was introduced last week on conventional loans, with rates between 2.5% So that means that if they’re doing a cash-out and they have a 70 loan-to-value, Fannie Mae will charge them three quarters of a point. Okay, so that was from 2.5 only pays 1.5

Mortgages 488

Mortgages Marketing Title Loans 488

Housing Wire

MARCH 28, 2022

commercial spaces/building and residential homes/townhomes) and inconsistent transactional processes, fragmentation in the market has prevented real-estate from adopting technology as quickly as other sectors – until now. So, what are the technologies and trends iBuyers are using to fix fragmentation in the market?

Marketing 397

Marketing Title Closing costs Technology 397

Housing Wire

MARCH 22, 2023

An affordable home insurance policy not only means lower monthly payments, but also improved debt-to-income ratio and more money to put towards home improvements, property taxes or closing costs. HW: How does working with an insurance agency simplify the closing process? There are also real benefits for your loan team.

Debt-to-income ratio 435

Debt-to-income ratio Closing Loans Closing costs 435

Housing Wire

NOVEMBER 8, 2022

LodeStar Software Solutions, a provider of compliance tools for mortgage lenders, has partnered with loan origination system and software provider LendingPad, it announced on Tuesday. The aim of the partnership is to introduce LodeStar Discovery, a closing fee calculator, to mortgage loan originators using the LendingPad platform.

Closing costs 370

Closing costs Title Lending Loans 370

Housing Wire

JUNE 11, 2021

Have you budgeted for closing costs? Before you get overwhelmed, take comfort that critical milestones of home inspection, appraisal and closing processes are all great ways to get more acquainted with your prospective new home. What’s the difference between a home inspection and an appraisal?

Inspection 459

Inspection Closing Closing costs Title search 459

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

Pre-approval 387

Pre-approval Loans Closing costs Branding 387

Housing Wire

NOVEMBER 30, 2022

The promises of technology have largely been lost in the mortgage industry and little has been done to reduce costs for homebuyers.”. Last summer, Voxtur bought mortgage servicing rights trading platform Blue Water Financial Technologies.

Industrial 370

Industrial Title Lending Technology 370

Housing Wire

JUNE 30, 2021

Data analytics giant CoreLogic announced on Wednesday the acquisition of closing cost data and tech provider ClosingCorp. Previously, ClosingCorp integrated CoreLogic’s Property Tax Estimator into its SmartFees service and closing platforms in 2018. Further details of the acquisition were not disclosed.

Closing 397

Closing Closing costs Investor Title 397

Housing Wire

AUGUST 21, 2023

The fastest-growing housing tech firm in 2023 was OptiFunder , which claims to produce the mortgage industry’s only optimization software built to systematically decision warehouse funding allocations and automate the complicated process of funding through loan sale. Based in Missouri, OptiFunder had a three-year growth rate of 4,767%.

Equity 370

Equity Technology Investor Residential 370

RIS Media

MAY 9, 2022

The national average closing costs for a single-family property refinance in 2021, excluding any type of recordation or other specialty tax, was $2,375, according to CoreLogic’s ClosingCorp second annual Refinance Closing Cost report for 2021 released last week.

Closing costs 98

Closing costs Closing Loans Title 98

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 395

Lending Banks Loan Officer Loans 395

Housing Wire

OCTOBER 13, 2022

One of the goals they outlined in those plans is a push to reduce closing costs, especially for low-income borrowers. Based on those plans, both GSEs are pushing pilot programs promoting the use of attorney opinion letters, reportedly as an alternative to reduce closing costs.”. But AOL proponents have a different take.

Title 414

Title Closing costs Title search Closing 414

Housing Wire

DECEMBER 16, 2024

It also utilized technology tools and worked toward creating innovative solutions such as Buy & Borrow Bundle. of the loan amount) at settlement to use toward their closing costs. So, we are getting the whole organization focused back on how to get more listings and increasing sales.

Brokerage 369

Brokerage Agents Technology Industrial 369

Housing Wire

MARCH 1, 2021

But the fact is that it takes an average of 47 days to close a mortgage (according to Ellie Mae as of September 2020 ). Much of that is, from the Realtor’s or consumer’s perspective, the “dead time” between the excitement of getting approved for the loan and the additional excitement of getting the keys. The wait seems tedious.

Closing 329

Closing Title Marketing Title search 329

Housing Wire

MAY 17, 2023

And if you can have a credit card with benefits, cash back and, even more, the option to offset closing costs, that’s valuable. These are world-class technologies, world-class capabilities that don’t come cheap. You saw Homepoint , for example, sold their operations to The Loan Store. Then you add 2.5

Marketing 370

Marketing Banks Mortgages Industrial 370

Realtor.com

MARCH 12, 2021

Consider how many months it would take for you to recoup the costs of closing on a refi, along with how long you’ll be staying at this home. If you can recoup closing costs within two years and plan to stay in your house for longer, the savings on interest means the math will likely work out in your favor.

Fixed-rate mortgage 87

Fixed-rate mortgage Mortgages Closing costs Equity 87

Real Trends

NOVEMBER 11, 2022

“With housing affordability at an all-time low and interest rates on the climb, it’s important that homeowners have alternative options to access their home equity without selling or taking on additional debt,” said Michael Gifford, CEO of Splitero , a financial technology company that helps homeowners access home equity. . USDA loans.

Finance 114

Finance VA loan FHA loan Agents 114

HomeLight

OCTOBER 29, 2021

How long does the house closing process take? The average time to close a loan was 48 days in July 2021 , according to ICE Mortgage Technology, a company that produces mortgage management technology. In January 2021, the average time to close was 58 days. Step 4: Submit the loan application officially.

Closing 111

Closing Inspection Title Due diligence 111

Lab Coat Agents

MAY 1, 2024

VA loan assumptions offer a fantastic opportunity for your clients to save thousands on their mortgage in a rising interest rate environment. What is a VA Loan Assumption? What is a VA Loan Assumption? When a buyer assumes a VA mortgage loan, they take over the seller’s existing loan balance and current interest rate.

VA loan 52

VA loan Loans Debt-to-income ratio FHA loan 52

Realty Biz

NOVEMBER 7, 2021

The new program uses technology provided by Esusy Financial to help multifamily housing operators report rental payment data entered into their software platforms to the three major U.S. “That puts the 44 million households who rent at a significant disadvantage when they seek financing for a home, a car, or even an education.

Closing costs 99

Closing costs Equity Finance Technology 99

BAM Media

DECEMBER 19, 2024

Sellers remain confident in their ability to move properties quickly, with 72% expecting to close within 4 months or less. In case the seller refuses, 68% of home buyers say theyll budget for the cost of working with a buyer agent.

Marketing 98

Marketing Closing costs Inspection Agents 98

Realty Biz

JANUARY 19, 2024

Research different types of mortgages available, such as conventional, FHA, or VA loans. This will give you a better understanding of the loan amount you qualify for and the potential monthly payments. Using Online Real Estate Tools Thanks to technological advancements, searching for properties online has never been easier.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100