Housing Wire

JUNE 30, 2021

In today’s booming housing market, mortgage brokers want to be able to close loans faster and more efficiently. 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. Chief Production Officer Jay Promisco said.

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Pre-approval Technology Loans Industrial 293

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. But [production] levels are not pre-pandemic.

Loans 418

Loans Pre-approval Closing Marketing 418

Housing Wire

OCTOBER 28, 2024

By examining their customer acquisition and retention strategies, they can drive, capture and convert shifts in demand into closed sales. Over the past two years as volume decreased, lenders turned to third party lead aggregators that often came at a high cost to their profit margins.

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Loan Officer Pre-approval Technology Loans 435

Housing Wire

APRIL 4, 2022

Bay Equity CEO Brett McGovern also touted the benefits of the acquisition, saying, “Being a part of Redfin will help us meet customers more efficiently, which means we can give Redfin homebuyers competitive rates while delivering a seamless experience from pre-approval to close.”.

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Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

FEBRUARY 4, 2021

Get pre-approved before beginning your home search. A mortgage pre-approval is non-negotiable in this environment. When faced with multiple bids, pre-approved ones are typically stand-outs, indicating a buyer is prepared, ready to buy and a safe bet to follow through with the deal. The bottom line.

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Earnest money deposit Pre-approval Marketing New Construction 546

Housing Wire

AUGUST 23, 2023

New York-based digital lender Better.com announced Wednesday the closing of its business combination with the special purpose acquisition company (SPAC) Aurora Acquisition Corp , , ending a two-year journey to make the business public. Better HoldCo, Inc. In January 2023, Better announced a One-Day Mortgage.

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Closing Pre-approval Finance Title 370

Housing Wire

AUGUST 24, 2022

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. In addition, homebuyers must be occupying the home as a primary residence, and therefore it is not available on multi-family properties.

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Pre-approval Mortgages Closing Loans 397

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). Loan originator and servicer Sun West Mortgage Co.

Technology 95

Technology Earnest money deposit Loans Pre-approval 95

Housing Wire

MARCH 30, 2021

By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Once their scores has been improved, these applicants can become customers and then apply and hopefully get approved for a better loan. Or, give up looking altogether.

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Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 468

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). If an appraisal doesn’t come in on time or closing documents don’t make the deadline, Tomo executives say they will still close on schedule.

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Lending Pre-approval Mortgages Closing 476

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. Make Sure You Can Afford The Mortgage.

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Debt-to-income ratio Pre-approval Mortgages Loans 459

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. By identifying potential discrepancies and compliance issues upfront, lenders can prevent more significant problems from surfacing post-closing.

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Loans Pre-approval Marketing Staging 432

Housing Wire

DECEMBER 22, 2020

Pre-approval. As long as you go through with the deal, the deposit will go toward your closing costs and down payment. Adjustable-rate loans have interest rates that fluctuate after a certain amount of time. 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.

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Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

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. This is no small task.

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Pre-approval Brokerage Due diligence As-is 338

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

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.

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Pre-approval Investor Loans Technology 370

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. Borrowers receive 100% disbursement of funds, with no costs due at closing. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

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Loans Pre-approval Equity Lending 370

Housing Wire

JUNE 20, 2023

Originators will use Figure’s online pre-application process to pre-qualify their customers, which then feeds directly to a digital fulfillment system supported by Figure. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

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Lending Technology Pre-approval Equity 370

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. Part of this is low mortgage rates, which keep clocking in new, all-time lows , and part of it is pandemic-related.

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Pre-approval Mortgages As-is Closing 514

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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Sales Pre-approval Short sale MLS 435

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 370

Industrial Pre-approval Title Technology 370

Housing Wire

JUNE 24, 2021

If a homebuyer can’t close on their mortgage in time to buy the home they want, instead of losing out on the house, Accept.inc will buy the property with its own funds and reserve the home on their behalf. ” The process requires a pre-approval that once passed allow buyers to submit an all-cash offer with Accept.inc’s proof-of-funds.

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Equity Proof of funds Pre-approval Investor 418

Housing Wire

SEPTEMBER 30, 2021

The platform’s mobile-first approach enables lenders to close more loans through on-the-go origination tools while also delivering the modern convenience that today’s consumers have come to expect. After downloading the mobile app, borrowers can upload documents, eSign disclosures and closing documents, and check their status in real-time.

Pre-approval 397

Pre-approval Loans Staging Closing 397

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.

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Pre-qualification Pre-approval Fixed-rate mortgage Loans 445

Housing Wire

OCTOBER 1, 2024

handbook, including inspection and repair escrow environments for loans that have yet to close. 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

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Inspection Pre-approval Loans Principal 476

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. This year, JVM Lending plans on diversifying their business to closing loans for investment properties rather than being heavily dependent on jumbo loans.

Lending 418

Lending Loans Pre-approval Loan Officer 418

Housing Wire

NOVEMBER 18, 2022

and is used by title insurance underwriters, title agents and closing attorneys. . The transaction is pending customer regulatory approval and is expected to close in the first half of 2023, according to Katia Gonzalez, senior analyst of investor relations at ICE. billion, down from $2.9

Title 435

Title Pre-approval Investor Mortgages 435

Housing Wire

FEBRUARY 23, 2023

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.

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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

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. The deal with Matrix resulted in Roundpoint closing some sales operations and laying off employees.

Mortgages 397

Mortgages Pre-approval Loans Principal 397

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. Embracing change The future of the real estate market is inevitably different from the past.

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Pre-qualification Pre-approval Seller concession Finance 476

Housing Wire

JUNE 24, 2021

The new features not only answer what someone’s home is worth, it also presents estimates of how much equity the homeowners have, ideas and tips of what they can do with that equity, and how they can get pre-approved to tap into their equity. For more information, visit getbuyside.com or email sales@getbuyside.com.

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Pre-approval Equity Loan Officer Brokerage 414

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.

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Pre-approval Debt-to-income ratio Mortgages Marketing 124

Housing Wire

APRIL 12, 2022

It provides teams the power to close more loans, faster while reducing origination costs. Manage pre-approval letters, on-the-go. LO Toolkit supports loan officers on all key workflows across the entire loan process in one workspace, enabling them to be trusted advisors and operate more efficiently. Product Fast Facts. #1.

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Pre-approval Loan Officer Loans Closing 284

Housing Wire

APRIL 13, 2023

From pre-closing through post-closing, ICE Mortgage Technology offers electronic services that save time and money compared to traditional methods of managing documents and communication. The solutions featured as part of Simplifile include eRecording, eSign Events, Collaboration and Post-Closing, and Document Builder.

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Technology Mortgages Pre-approval Closing 369

Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

Industrial 418

Industrial Purchase and sale agreement Pre-approval Banks 418

Housing Wire

NOVEMBER 8, 2021

There remains a belief among listing agents and their clients that the VA appraisal and closing process will be a hassle. A lot of the misconceptions about working with VA loans center on the VA appraisal process – which differs from conventional mortgage appraisals – as well as the time it will take for a transaction to close.

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