Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. The federal funds rate doesn’t directly dictate mortgage rates, but it does steer market activity to create higher rates and reduce demand. A less volatile market? The consumer-price index rose 8.6% mortgage industry to fund $4.1 trillion in 2023.

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

JULY 16, 2021

Venture capital investors including Zillow founder Spencer Rascoff and Trulia co-founder Pete Flint, believe that Tomo has the potential to topple the legion of lenders that have increased market share, invested heavily in technology and lapped up record profits in recent years. history, follows a pre-seed round of $40 million.

Lending 476

Lending Pre-approval Mortgages Closing 476

Housing Wire

AUGUST 24, 2022

For the past two years appraisal gap clauses have been de rigueur in many markets , much to the disdain of frustrated homebuyers. Tomo says its appraisal coverage product protects home buyers from having to bring more cash to the close when appraisals come in low, with the same APR, cash-to-close and monthly payment guaranteed.

Pre-approval 397

Pre-approval Mortgages Closing Loans 397

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. Just before a customer buys a container of pre-made Borscht, they see Naumovych’s business cards and flyers that lay neatly near the checkout area.

Loan Officer 418

Loan Officer Marketing Pre-approval Mortgages 418

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). The multi-trillion-dollar real estate market is based on countless singular person-to-person transactions.

Earnest money deposit 95

Earnest money deposit Technology Loans Pre-approval 95

Housing Wire

OCTOBER 11, 2024

Lenders can embed Floify Verify directly into the loan application process to speed up loan approval. Lenders can also configure Floify Verify to be initiated by the loan teams later in the process, such as after a financial pre-screening, allowing them to better control the borrower’s experience and costs.

Pre-approval 435

Pre-approval Loans Lending Mortgages 435

Housing Wire

JANUARY 13, 2023

Going from a volatile rate environment in the latter half of 2022 to a market with lower, more stabilized rates, there’s optimism spreading across the industry that buyers will come back. Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. How does my payment look?

Pre-approval 418

Pre-approval Marketing Seller concession Mortgages 418

Housing Wire

DECEMBER 22, 2020

Pre-approval. They’ll send out an appraiser, who will analyze the property and local market to assess its worth. A homebuyer’s guide to a competitive housing market. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. More for Real Estate Enthusiasts.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

SEPTEMBER 29, 2022

MAXEX , a major mortgage trading and aggregating platform, has unveiled a series of new programs designed to serve originators and loan buyers in the growing non-QM lending market. That has left “originators scrambling for liquidity in this growing market segment,” MAXEX’s announcement of the new non-QM initiative states.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

OCTOBER 27, 2020

Many renters are looking to get out of cramped, close quarters amid social distancing efforts, and existing homeowners are moving on to bigger properties—often in more suburban areas where space isn’t a premium. This will vary by market, but nationally, housing inventory is way down. Ultimately, every market is different.

Pre-approval 514

Pre-approval Mortgages As-is Closing 514

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. But it’s also possible for a homebuyer to apply and receive approval on a mortgage loan without them ever actually speaking with another human.

Lending 369

Lending Marketing Pre-qualification Pre-approval 369

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.

Sales 435

Sales Pre-approval Short sale MLS 435

Housing Wire

JULY 4, 2024

As Gen-Z enters the housing market , many say they’ve given up on buying a home. Some blame millennials and some blame boomers, while others say that, in fact, boomers are the ones who faced the toughest headwinds when entering the housing market. There’s a lot of finger-pointing and very few solutions.

Pre-qualification 476

Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

FEBRUARY 14, 2024

“Soft credit pulls are a critical tool that our member mortgage loan originators use to work with underserved borrowers — particularly borrowers with credit blemishes — to improve their credit score and ultimately obtain a pre-qualification or an actual mortgage loan,” the CHLA wrote in a letter to the three credit bureaus on Wednesday.

Pre-qualification 440

Pre-qualification Pre-approval Fixed-rate mortgage Loans 440

Housing Wire

JUNE 20, 2023

“With Figure’s built-in digital origination process, originators have a faster time to market with less upfront hassle, enabling them to serve more customers and quickly capitalize on the current rate environment,” Jackie Frommer, head of lending at Figure, said in a statement.

Lending 370

Lending Technology Pre-approval Equity 370

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.

Pre-approval 369

Pre-approval Investor Loans Technology 369

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.

Debt-to-income ratio 468

Debt-to-income ratio Loans Pre-approval VA loan 468

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. If the all-cash offer wins, the home is purchased from the seller and reserved until the loan is ready to close.

Equity 417

Equity Proof of funds Pre-approval Investor 417

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

Lending 418

Lending Loans Pre-approval Loan Officer 418

Housing Wire

FEBRUARY 23, 2023

According to the company, LiteSpeed provides lenders with a POS functionality that can compete in today’s market at a lower cost and investment support for its implementation. QuickQual is an adjustable pre-approval letter that gives payment and closing cost scenarios and the option to update agent letters.

Pre-approval 387

Pre-approval Loans Closing costs Branding 387

Housing Wire

JANUARY 26, 2022

increase in state licensing issues among closing agents versus the 2021 average. Closing complications. According to Suri, many of the fraud risk gaps exist in the closing process. And even as eClosings speed up processes, they can create vulnerabilities at closing for wire and title fraud. Additionally, Q4 2021 saw a 5.4%

Industrial 369

Industrial Pre-approval Title Technology 369

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion, down from $2.9

Title 435

Title Pre-approval Investor Mortgages 435

Housing Wire

AUGUST 4, 2022

Matrix also has agreed to begin using RoundPoint as a servicer prior to the deal’s closing date “and expects to begin transferring loans to RoundPoint in the fourth quarter of this year,” the Two Harbors announcement of the acquisition states. market share and a $380.2 market share and a $221.1 million premium.

Mortgages 397

Mortgages Pre-approval Loans Principal 397

Housing Wire

SEPTEMBER 20, 2022

With so much changing in the market, it’s no surprise that the risk of mortgage fraud has increased this year. HousingWire: In this time of market change and as we head towards the last quarter of 2022, what are the hot topics in risk, fraud prevention and loan quality? DG: We’ve all been keeping up with the headlines.

Loans 370

Loans Marketing Lending Pre-approval 370

Housing Wire

JUNE 24, 2021

This positions real estate agents and LO’s as financial advisors and knowledge brokers in their local markets – and in a small way we believe it’s helping improve home financial literacy across the country,” says Charles J. In 2020, Buyside clients closed close to $20 Billion in sales through Buyside, averaging over a 3000% ROI.

Pre-approval 409

Pre-approval Equity Loan Officer Brokerage 409

Housing Wire

JANUARY 8, 2021

For many of us, the start of a new year is usually synonymous with a renewed sense of professional self, focusing on new goals, new prospects for the year and, of course, the excitement for the upcoming spring real estate market. 2020 proved that we all need to work to find new ways to generate business.

Lending 476

Lending Mortgages Pre-approval Loans 476

Lighter Side of Real Estate

SEPTEMBER 12, 2023

If you’ve been searching for a house for any amount of time, you’re probably well aware of how important it is to get a mortgage pre-approval before you even start looking at houses, or at least as early on in the process as possible. When Should You Update Your Pre-approval? Pre-approvals aren’t good forever.

Pre-approval 121

Pre-approval Debt-to-income ratio Mortgages Marketing 121

Housing Wire

NOVEMBER 8, 2021

This is an absolute must, especially in the market right now as it gives the lender an opportunity to fill the listing agent in on the buyer’s background and how the VA loan process works,” Pascoe explained. Even under “normal” market conditions, VA buyers struggle to successfully purchase a home using their benefit.

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418

Housing Wire

JUNE 6, 2024

Doug Duncan , the chief economist at Fannie Mae , believes pressures from fiscal and monetary policy have brought volatility to the secondary mortgage market, creating a “higher-for-longer” scenario in the U.S. Every indicator that comes out, the market judges which way would the Fed move with it. That’s what we need.’

Mortgages 486

Mortgages Pre-approval Equity Investor 486

Housing Wire

JANUARY 26, 2022

And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Last year, the company, which pegs itself as a disrupter of the mortgage market, had a $70 million seed round , one of the largest ever raised in the U.S., Presented by: Mr. Cooper. the fintech company said.

Mortgages 370

Mortgages VA loan Pre-approval Lending 370

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.

Loan Officer 434

Loan Officer Pre-approval Technology Loans 434

HomeLight

JUNE 19, 2023

Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common. Learn More What’s a pre-qualification? And voila, within minutes, you have a pre-qualification.

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Pre-qualification Pre-approval Mortgages Loans 97

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. Multiple LOs told HousingWire that they’ve had to cut pre-approvals for FHA borrowers by about 15% in response to the rise in interest rates. 85%) back to the pre-crisis level of.5%,”

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. When rates are surging, lenders’ capital markets teams have trouble selling loans locked at a lower rate because investors demand higher returns.

Mortgages 397

Mortgages Pre-approval Loans Closing costs 397

Housing Wire

DECEMBER 1, 2023

FICO), the company that retains the rights to the market’s adopted methodology to measure consumer credit risk, will charge one price – higher than the current price – to all mortgage lenders, independent of their volumes. In 2024, Fair Isaac Corp.

Mortgages 482

Mortgages Pre-approval Closing costs Lending 482

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgages 370

Mortgages Pre-approval Loan Officer Lending 370

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. billion in loan production in 2022, saw potential to expand in local markets by scooping up LOs that could bring over their network of local clients.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418