Housing Wire

MARCH 11, 2022

Because Fairway gets most of its reverse mortgage business from referral partnerships, extending to the purchase market made sense for Fairway because of the partnerships that its loan officer corps has spent so much time developing, according to Hultquist. Harlan Accola. Now, we can’t do it every time.

FHA loan 370

FHA loan Loan Officer Due diligence Loans 370

Housing Wire

NOVEMBER 16, 2022

If you deliver 5,000 homes a year, that means you had 50,000 people looking for a house walk across your platform who are likely prequalified by your loan officers, and you … have a relationship with them. loan officers] in pods.’”. “The rest of those people are still looking for a house. “If

Banks 435

Banks Mortgages Loan Officer Due diligence 435

Housing Wire

NOVEMBER 13, 2023

Thus, lenders should conduct considerable due diligence into how their chosen ancillary system will connect and interact with their LOS to ensure a smooth process from both the borrower’s perspective and the back end. However, not all APIs are created equal, and biases may exist in the integrations between certain systems.

Lending 435

Lending Technology Due diligence Loans 435

Housing Wire

NOVEMBER 22, 2023

As we’re implementing technology, we always try to think of things that are going to improve the experience for all stakeholders: homeowners, real estate agents, investors, rating agencies, appraisers, loan officers, mortgage brokers. Everybody is affected by the appraisal process.

Technology 448

Technology Due diligence Development Loan Officer 448

Real Trends

MAY 26, 2023

In the past, sales managers were sitting beside their loan officers and working loans together, serving as a role model for sales technique and exploring the strengths and weaknesses of each individual originator. You need to do your due diligence and find the right fit for you.

Sales 87

Sales Due diligence Loan Officer Loans 87

McKissock

JANUARY 18, 2022

A good agent is willing to share their knowledge of different areas, as well as share their contacts regarding loan officers, essential documentation that shows sellers the buyers are serious, among other services. They are honest about what the client can afford, and they are willing to go to bat for them. Answer Questions.

Due diligence 96

Due diligence Loan Officer Agents Inspection 96

Real Trends

JUNE 16, 2022

The Real Estate Guys Radio Show hosted by professional investor Robert Helms and financial strategist Russell Gray who discuss investment strategy, economics, tax and asset protection planning, market and property due diligence, and international diversification with notable experts, industry leaders and real-life investors.

Due diligence 83

Due diligence Investor Loan Officer Agents 83

HomeLight

OCTOBER 29, 2021

The lender needs to do their due diligence on the property you’re buying, too. When you submit the application, be sure to ask your loan officer if the company needs any additional information or paperwork from you. Reputable lenders do due diligence before they give a preapproval letter,” Maggio says.

Closing 111

Closing Inspection Title Due diligence 111

HomeLight

JUNE 18, 2021

Home inspections are an important part of the due diligence process in which the property is carefully looked over by a professional. But your loan officer should be able to give you an estimate of the cost upfront. Ask your loan officer, ‘What can change for the better? Home inspection. Attorney fee.

Closing costs 105

Closing costs Closing Mortgages Title 105

Redfin

MARCH 4, 2025

Another point to consider about the pros and cons of buying a condo is that many of the drawbacks of condo ownership can be mitigated or avoided by performing due diligence before buying. Your due diligence should include the following: Review HOA documents and your financial strength.

Due diligence 31

Due diligence Land As-is Residential 31

HomeLight

APRIL 19, 2021

Hiring an attorney, which is a local convention in New York , eases the burden of buyer due diligence on an entire building’s amenities, including elevator updates and hot water service. Attorneys also help you understand the scope of future upkeep. Things move really quickly here,” says Chou. “A

Earnest money deposit 89

Earnest money deposit Inspection Due diligence Agents 89

Redfin

MARCH 3, 2022

To avoid a closing delay or, even worse, the sale falling through, it’s essential to be upfront and honest with your loan officer. Give your loan officer full disclosure from the start – tell us everything. Any changes to employment status could force the lender to decline the loan even at this point.”.

Closing 63

Closing Title search Purchase and sale agreement Title 63

HomeLight

JUNE 30, 2021

Even though homeowners pay dues directly to the association and not their lender, that doesn’t mean lenders turn a blind eye to this extra financial expenditure. Jennifer Hernandez, senior loan officer and top producer at Legacy Mutual Mortgage in Houston, Texas, explains how lenders consider mandatory HOA costs. “We

Mortgages 90

Mortgages Debt-to-income ratio Loans Due diligence 90

Redfin

JANUARY 24, 2022

Another point to consider about the pros and cons of buying a condo is that many of the drawbacks of condo ownership can be mitigated or avoided by performing due diligence before buying. Your due diligence should include the following: Review HOA documents and your financial strength. .

Due diligence 63

Due diligence Land As-is Residential 63

HomeLight

JUNE 28, 2021

Collinge explains it’s best to first submit your electronic bid, and if it’s accepted, have a professional inspect the house during the 15-day due diligence period , before signing on the dotted line on the settlement date. Talk to your agent and a licensed loan officer to explore your options).

Pre-approval 105

Pre-approval Pre-qualification FHA loan Inspection 105

HomeLight

JULY 29, 2022

If you can’t secure new employment swiftly, you might be able to add a cosigner to your loan and count that person’s income toward your purchase. Talk to your agent and loan officer about these options. We do all the due diligence upfront,” he says. Problem: There’s an issue with the Closing Disclosure.

Closing 105

Closing Purchase and sale agreement Title Home sale contingency 105

The Close

DECEMBER 29, 2022

Conventional loans often require 20% of the purchase price, while government-backed mortgages could require much less (sometimes nothing!). Loans with less than 20% down often require buyers to pay private mortgage insurance until they reach a certain equity ratio. Due diligence period. Loan officer.

Purchase and sale agreement 98

Purchase and sale agreement Title Pre-approval Proof of funds 98

Housing Wire

DECEMBER 9, 2024

Some loan officers are already pivoting to alternative platforms to sustain their client engagement strategies. TikTok offers the opportunity for borrowers to do their due diligence and learn about the process. Every loan officer has their own means of how to reach Realtors and potential borrowers.

Loan Officer 370

Loan Officer Mortgages Due diligence Loans 370