Housing Wire

NOVEMBER 30, 2022

Borrower Digital is Black Knight’s point-of-sale (POS) solution that is built using responsive-design to be used easily from any web-enabled device. Borrower Digital is further enhanced with Black Knight’s companion solution Loan Officer Digital.

Loan Officer 435

Loan Officer Pre-approval Technology Loans 435

Housing Wire

DECEMBER 6, 2022

Headquartered and founded by Trent Hedge and Marco Monteiro earlier this year, the firm’s unified stack offers a white-labeled interface that can pre-fill loan applications in addition to instantly verifying income, assets and pulling credit, according to its website. .

Pre-approval 369

Pre-approval Mortgages Banks Loans 369

Housing Wire

MAY 8, 2023

The goal was to create a configurable and robust Point of Sale to Loan Origination System integration, according to a press release from the company. “Built by the people that use it every day, The Big Point of Sale was designed with the consumer in mind and the mortgage professional at heart.

Technology 392

Technology Sales Mortgages Pre-approval 392

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 381

Pre-approval Loans Closing costs Branding 381

Housing Wire

JUNE 20, 2024

The fourth quarter of 2023 was the seventh straight quarter of net production loss for lenders , who hemorrhaged an average of $2,109 pre-tax dollars for each loan they originated. To combat this, loan officers must be incentivized to embrace innovation. Drastic times call for drastic measures. Mandate change from the top down.

Loan Officer 445

Loan Officer Pre-approval Technology Lending 445

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. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

JANUARY 26, 2022

Schwartz in a statement said that this expansion “is proof that there’s tremendous appetite for what we’ve built – a digital experience, designed from the ground up to meet the needs of homebuyers today.”. ” According to the company, jumbo loans will be available for both 15-and-30-year cycles. .”

Mortgages 369

Mortgages Pre-approval VA loan Lending 369

Housing Wire

DECEMBER 20, 2021

The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. Wilen’s case illustrates how some Americans have a lot to lose if policies designed to help mortgage borrowers don’t break right. A component of the American Rescue Plan Act, it was approved by Congress in March.

Pre-approval 417

Pre-approval Loans Mortgages Principal 417

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officer 370

Loan Officer Loans Pre-approval Development 370

Realty Biz

AUGUST 20, 2023

Mortgage pre-approval is an essential step when buying a house. During pre-approval, lenders carefully evaluate your financial information, including income, assets, credit history, and other relevant details. How long it takes for lenders to give mortgage pre-approval can vary from a day to a week.

Pre-approval 94

Pre-approval Debt-to-income ratio Mortgages Loans 94

Housing Wire

AUGUST 31, 2020

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. Users appreciate that the income, asset and employment verification processes are simple to use, easy to understand and intuitively designed. But we don’t.

Pre-qualification 260

Pre-qualification Pre-approval Loan Officer Loans 260

Housing Wire

FEBRUARY 8, 2022

We service their loans. The company serves a $50 billion loan portfolio. Investment firms that purchase mortgage loans in default also face the same challenge. When the pandemic hit, and they put their loan into forbearance, it was quite easy. For example, with Federal Housing Administration ( FHA ) loans, 1.5

Loans 370

Loans Pre-approval Mortgages Principal 370

Housing Wire

FEBRUARY 12, 2024

If you’re new to real estate, you’ll need to complete a state-approved course and pass your state’s licensing exam. Starting at: $115 Visit Colibri Real Estate Upgrade Pick Kaplan 50+ years as a leading education provider Pre-recorded video content led by experienced industry leaders. Easy access to instructors to ask for help.

Pre-approval 435

Pre-approval Design Agents Industrial 435

HomeLight

FEBRUARY 12, 2021

You’ve just received the first offer on your home — and it’s backed by an FHA loan. So what do you need to know about FHA loans as a seller? Today, FHA loans represent a fair share of the mortgage market; in 2018, the FHA insured 12.1% FHA loans help make homeownership more accessible. of all mortgage originations.

FHA loan 111

FHA loan Loans Pre-approval Pre-qualification 111

Marco Santarelli

FEBRUARY 7, 2025

Let's delve into the critical factors that set the 2025 housing market apart from the pre-crash era. “Subprime” mortgages were rampant, meaning loans were given to people with poor credit or insufficient income. Conventional loan requirements vary by lender. This isn't my opinion; this is a demonstrable fact.

Pre-approval 87

Pre-approval Marketing Debt-to-income ratio Lending 87

Housing Wire

MAY 16, 2024

In fact, we have four patents that are already approved for some of the technologies that we have built. Another way we are deploying AI is by pre-fetching information that we know the agent has to go look for. It’s challenging because everybody wants the entire loan view at all times.

Technology 352

Technology Pre-approval Industrial Mortgages 352

HomeLight

DECEMBER 8, 2023

However, there’s a financial tool that could be the key to seamlessly aligning these moving parts: a bridge loan — empowering you to purchase your new home before selling your current one. In this post, we’ll provide insights and tips about bridge loans in Ohio. What is a bridge loan, in simple words?

Equity 111

Equity Loans Debt-to-income ratio Home sale contingency 111

Housing Wire

APRIL 22, 2024

With Wise Pelican, you can try both — it’s a fantastic resource for beautifully designed postcards and letters. I’d be happy to email you a copy of their pre-approval letter. There are loan programs available that allow as little as 3.5% I’d suggest A/B testing both formats and tracking which one yields more responses.

Brokerage 461

Brokerage Investor Agents Pre-approval 461

HomeLight

JULY 30, 2024

A reverse mortgage is a loan typically available to homeowners aged 62 and older that allows them to convert part of the equity in their home into cash. The loan is repaid when the homeowner sells the house, moves out permanently, or passes away. What is a reverse mortgage? How does a reverse mortgage work?

Mortgages 115

Mortgages Pre-approval Equity Loans 115

HomeLight

AUGUST 31, 2021

If so, then the 203k loan may offer a way to finance your plans, but first, you’ll need to know both what this loan is and how to get a 203k loan. . In addition to 12 years of experience as a real estate agent, Forney has personal experience using a 203(k) loan to purchase and fix up his first home.

Loans 104

Loans FHA loan Pre-approval Finance 104

HomeLight

FEBRUARY 16, 2024

From getting pre-approved for your mortgage to offering flexible closing dates, these strategies are designed to put you in a stronger position. Get pre-approved for your mortgage loan Securing a mortgage pre-approval is perhaps the most important first step in making a compelling offer.

Pre-qualification 115

Pre-qualification Seller concession Pre-approval Closing costs 115

Realtor.com

AUGUST 26, 2020

While the language varies, the forms generally tell borrowers that they won’t be allowed to skip payments until their loans are backed by the government, according to forms reviewed by The Wall Street Journal. But it can take days, weeks or sometimes even months for a newly made loan to get government backing.

Loans 102

Loans Debt-to-income ratio Mortgages Purchase and sale agreement 102

The Close

NOVEMBER 12, 2024

Zoning & Potential Zoning Issues Every piece of land has a zoning designation specifying how to use the property. Property Survey & Plat Maps Plat maps show all the land parcels with lot lines, measurements, zoning designations, topographic and geographic features, and what they are adjacent to.

Land 98

Land Investor Finance Development 98

Redfin

AUGUST 12, 2024

Choosing the right home loan is a crucial step in your homebuying journey. Understanding mortgage basics A mortgage is a loan taken out to purchase a home, where the property itself serves as collateral. As a borrower, you’re entering a legal contract to repay your loan, with interest, over a set amount of time.

Loans 74

Loans Mortgages Pre-approval Fixed-rate mortgage 74

Redfin

MARCH 4, 2025

Step 1: Get pre-approved If you’re buying with a loan, include a pre-approval letter with your offer. A mortgage pre-approval can also reassure the letter that your financing is likely to be approved during closing. Do some homework up front.

Pre-approval 31

Pre-approval Inspection contingency Agents Inspection 31

Marco Santarelli

FEBRUARY 16, 2025

VA and FHA Loans : Competitive rates with a 30-year VA at 5.98% and FHA rates starting at 5.75%. per month (Principal & Interest) These examples illustrate how different loan amounts and terms can impact your monthly mortgage payment, which will be a critical aspect of your budget if you decide to invest in property.

FHA loan 52

FHA loan Mortgages Principal VA loan 52

Lab Coat Agents

NOVEMBER 20, 2024

This type of mortgage allows you to take over the existing loan of the seller, often with favorable terms. If you are the buyer, this means you inherit the loan’s principal balance, interest rate, and repayment terms. When you assume a mortgage, you do not apply for a new loan rather take over the existing owner’s loan.

Purchase and sale agreement 98

Purchase and sale agreement Mortgages Pre-approval VA loan 98

Realty Biz

OCTOBER 9, 2023

How Blend’s Tool Sets the New Standard One of the latest AI chat tools to enter the real estate market, Blend's AI-powered chat tool is designed to help homebuyers and real estate agents with a variety of tasks, including qualifying for a mortgage, Finding a home, negotiating an offer, and closing on a loan.

Industrial 100

Industrial Pre-approval Loans Agents 100

Realty Biz

JANUARY 1, 2021

Pre- Foreclosures . A property goes into pre-foreclosure when a mortgage company notifies the borrower that they are in default on their loan. To find homes in pre-foreclosure you can search sites that specialize in this or you can have an experienced local agent help you out. Jordan Matin, Portland Homes for Sale.

Short sale 114

Short sale Pre-approval Banks Loans 114

HomeLight

OCTOBER 27, 2020

Some types of loans do require you to provide your tax returns. Step 1: Determine what kind of loan you want (and can get). That’s not true of every loan, though. If you are applying for an FHA loan , for example, you’ll have to provide your tax returns, no matter what. “You What’s a qualified mortgage loan? .

Debt-to-income ratio 105

Debt-to-income ratio Pre-approval Pre-qualification Loans 105

Marco Santarelli

DECEMBER 22, 2024

Fixed-Rate Mortgages: These loans offer stability by locking in the interest rate for the entire duration of the mortgage (typically 15-30 years). Over the life of the loan, you would pay about $394,752 in interestjust for borrowing the money! This can be valuable if interest rates rise in the future. Shopping around is essential.

Mortgages 52

Mortgages VA loan Fixed-rate mortgage Debt-to-income ratio 52

Redfin

JULY 31, 2024

Understand loan options: Learn about different mortgages like conventional, jumbo, and government-backed loans (FHA, VA, USDA). Prepare thoroughly : Improve your credit score, set a budget, and get pre-approved to streamline the home-buying process and secure a favorable mortgage.

Pre-approval 71

Pre-approval Pre-qualification Mortgages Loans 71

Lab Coat Agents

FEBRUARY 7, 2023

Next, consider the type of loan that’s right for you. Many different types of loans are available, so make sure you choose the one that best suits your needs. Types Of Mortgage Loans Several types of mortgage loans are available to borrowers, and the type that is best for you will depend on your circumstances.

FHA loan 96

FHA loan VA loan Pre-approval Fixed-rate mortgage 96

Realty Biz

APRIL 11, 2021

Chances are that you will require a loan to cover most of the purchase price. With that in mind, many market experts recommend seeking loan pre-approval before beginning your property search. Property listings are also designed to sell the property, meaning they will largely focus on the best points.

Pre-approval 110

Pre-approval Inspection Sales Loans 110

HomeLight

JULY 25, 2022

In fact, to help pre-empt the possibility of a delayed or canceled closing due to repair negotiations, some sellers even commission their own appraisal or inspection reports. That way, if the buyers default on the loan, the lender is left with a sellable asset. Layout and design. When does a home appraisal take place?

Inspection 111

Inspection Pre-approval Loans Finance 111

Realty Biz

SEPTEMBER 30, 2023

By comparing loan options, understanding loan terms and interest rates, and exploring resources for mortgage comparison, you can find the right mortgage lender for your financial situation. Seek professional advice: Working with a mortgage professional, such as a loan officer or mortgage broker, can provide valuable guidance.

Finance 96

Finance Debt-to-income ratio FHA loan Mortgages 96

HomeLight

NOVEMBER 16, 2021

Through the Home Partners program, prospective rent-to-own homebuyers start by filling out a pre-qualification application. If approved, they move to submit a full application. Buyers will need to meet Home Partners’ minimum FICO requirement, which varies by market, and a maximum debt-to-income ratio (DTI) of 45% to be approved.

Purchase and sale agreement 104

Purchase and sale agreement Pre-approval Debt-to-income ratio Pre-qualification 104