Remove Closing costs Remove Pre-approval Remove Technology
article thumbnail

Opinion: Is the lending market overcorrecting toward tech? Maybe

Housing Wire

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 370
article thumbnail

LenderLogix launches POS system for small- to mid-sized lenders

Housing Wire

QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters. The company was featured in HousingWire’s Tech 100 in 2022. Its other products include QuickQual , which is used by lenders in 42 states.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Vital Steps to Take When Purchasing Your First Home

Realty Biz

This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. Using Online Real Estate Tools Thanks to technological advancements, searching for properties online has never been easier.

article thumbnail

Mastering Mortgage Basics: 10 Key Concepts Every Homebuyer Should Know

Redfin

Technological advancements have greatly simplified the document submission process for borrowers in the mortgage industry,” shares Ron Haddad Lending Team. How does the mortgage pre-approval process work? Mortgage pre-approval is a crucial step in the homebuying process. What are closing costs?

article thumbnail

This Checklist and Timeline Is Your GPS for Buying a House

HomeLight

Be ready to pay closing costs, which could be up to 5% of the price of the house. Those funds are due on closing day. In a hot market, sellers are less likely to pay toward a buyer’s closing costs, she notes. And buyers also need to have funds available for earnest money, inspection costs, and other upfront fees.

article thumbnail

Living the dream through livestream

The Residential Specialist

I explained how the contract works, and in addition to the pre-approval letter, that she should be sure she has enough available cash to cover the down payment, closing costs, and any potential appraisal gap. He was fascinated by the way people used early technology to blend music. DJ all the way. Virtual tour.

article thumbnail

Wait! Read This Before You Sell Your House for Cash

HomeLight

As a rising number of companies provide cash offers for homes and improve experiences for sellers with advanced technology, the idea that you don’t have to wait months to list and close on your house appeals to many stressed-out sellers. Plus, you’ll save money on things like commissions, repairs, and closing costs.”.