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. Fintech vendors, third-party consultants, and industry trade associations could all play a role in helping lenders build a competency around change management.

Loan Officer 445

Loan Officer Pre-approval Technology Lending 445

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

SEPTEMBER 26, 2023

Verification solutions today are costly, provide limited coverage for lenders, and are often targeted to a subset of industries or employment types. Blend Income pre-populates a consumer’s loan application with income and employment information derived from the consumer’s direct deposit history.

Pre-approval 427

Pre-approval Mortgages Loans Industrial 427

Housing Wire

JANUARY 14, 2021

The Boston-based company functions as an adviser and marketplace for customers looking for mortgage financing. Consumers can also use Own Up to determine loan approval status and for how much, as well as the ability to compare lenders and pre-qualified loan offers, the company said.

Pre-approval 351

Pre-approval Loans Technology Branding 351

Housing Wire

FEBRUARY 10, 2022

The ‘housing super app,’ according to investor slides filed with the Securities and Exchange Commission, will provide mortgage pre-approval, “immersive shopping,” facilitate in-person touring, and home financing. This is a really fun and entertaining industry, real estate,” the CEO said. billion in revenue.

Pre-approval 418

Pre-approval Mortgages Agents Finance 418

Housing Wire

JANUARY 26, 2022

The home lending industry has a massive opportunity to digitalize to create efficiencies and to deliver a simpler end-to-end user experience that would benefit both borrowers and servicers. Ribbit Capital led the financing, which also included participation from partners of DST Global , NFX and Zigg Capital. the fintech company said.

Mortgages 369

Mortgages VA loan Pre-approval Lending 369

Housing Wire

SEPTEMBER 2, 2021

The round includes $100 million of Series D equity and $263 million in debt financing – boosting HomeLight’s valuation to the tune of $1.6 It also allows sellers access to a network of pre-approved buyers to expedite the process. Lydia Jett of the SoftBank Vision Fund also participated. billion, the company claimed.

Pre-approval 404

Pre-approval Investor Technology Equity 404

Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). billion, according to data from Inside Mortgage Finance. The target client base for PrimeLending is first-time homebuyers, as the entire industry is struggling to overcome the lock-in effect. billion, a 54% decline from $3.76 Production dropped about 15.2%

Loan Officer 370

Loan Officer Marketing Pre-approval Fixed-rate mortgage 370

Housing Wire

MARCH 6, 2023

With the industry cooling down slower than expected, LOs are having to work harder and get creative to overcome the double whammy of surging rates and a lack of inventory. “I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Monsoon said.

Loan Officer 397

Loan Officer Loans Pre-approval Mortgages 397

Housing Wire

JANUARY 31, 2023

The decision left more than 400 employees without a job, and Miller had two urgent tasks — to find a lender that would close his clients’ loans in the pipeline and would also help him close more sales in an industry that is projected to further downsize. “I Go [Mortgage] was on that list,” Reich said.

Loans 418

Loans Mortgages Loan Officer Pre-approval 418

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates, now around 6.5%, are cooling down the housing market and triggering mass layoffs in the mortgage and real estate industries. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases. research and consulting at TransUnion.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

OCTOBER 28, 2024

According to data from the ICE Mortgage Monitor , mortgage servicers across the industry saw refinance retention in the second quarter fall to the second-lowest point in 17 years. When rates drop, retention becomes more difficult, and the market tends to favor consumer-direct lenders promoting more attractive refinance or HELOC rates.

Loan Officer 434

Loan Officer Pre-approval Technology Loans 434

Housing Wire

NOVEMBER 8, 2021

A lot of the rules have relaxed over the past several years, but people always tend to remember the negative things so that is what has spread throughout the industry.”. We work hard to get our buyer approved at the lowest rate and if they have credit problems we will put them in touch with the right people to get their credit restored.

VA loan 418

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

Housing Wire

SEPTEMBER 14, 2020

But our industry is not reacting to these new demands nearly as quickly as others, and that could be a problem. The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. Setting the mortgage industry up for success. Peering into the future of lending.

Lending 488

Lending Mortgages Technology Loans 488

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

DECEMBER 1, 2023

. “It seems like only yesterday you could pull a single borrower tri-merge for $15 and a joint for $30,” Greg Sher, Managing Director of NFM Lending , wrote in a LinkedIn post that went viral in the mortgage industry. As an industry, we owe it to future homeowners to bring attention to the misuse of power,” McKay said.

Mortgages 482

Mortgages Pre-approval Closing costs Lending 482

Housing Wire

JUNE 25, 2021

Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. Not only does it tell them you’re a serious home shopper, but it means the deal is less likely to fall through due to your finances. To get pre-approved, a lender will take a good look at your finances.

Pre-approval 220

Pre-approval Finance Agents Mortgages 220

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

DECEMBER 20, 2021

The four-bed property was perfect for the pre-Covid reality, but it is challenging to afford right now. A component of the American Rescue Plan Act, it was approved by Congress in March. Department of the Treasury approval. Each state must also submit its own HAF plans to the Treasury for approval. Up to the task?

Pre-approval 417

Pre-approval Loans Mortgages Principal 417

Housing Wire

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. The philosophy was that no credit wasn’t necessarily bad credit and underwriters could make judgement calls in order to approve a loan.

Debt-to-income ratio 448

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 448

Housing Wire

FEBRUARY 11, 2022

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. Meanwhile, others worry that they will soon wash out of the industry. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

Loan Officer 418

Loan Officer Marketing Pre-approval Mortgages 418

Housing Wire

DECEMBER 29, 2023

With so many approved, online options to choose from, we’ve pinpointed the best online real estate courses in New York using criteria that matter most to you: flexibility to fit your schedule, a price that fits your budget, and a course that’ll prepare you to ace the exam and start your new career with confidence and industry savvy.

Pre-approval 448

Pre-approval Agents Development Technology 448

Housing Wire

NOVEMBER 30, 2021

The causes of the underwriter shortage are varied, but it is most pronounced in the private-label market, industry insiders contend. of the overall residential mortgage-backed securitization market as of August of this year, according to a report from the Urban Institute ’s Housing Finance Policy Center.

Due diligence 434

Due diligence Mortgages Loans Residential 434

Housing Wire

DECEMBER 28, 2023

According to data from Ingenius , tens of thousands of loan officers exited the industry in 2023. But the industry was on a roller coaster with rates climbing near 7% in February and hitting 8% in October as the central bank battled to bring down high inflation. An additional 21% closed 1.5 It all put more pressure on affordability.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

JUNE 6, 2024

The government-sponsored enterprise (GSE) also thinks the Federal Housing Finance Agency ( FHFA ) will encourage it to offer single-family, closed-end second mortgages if a Freddie Mac product under analysis is approved. This interview has been condensed and edited for clarity. No one has indicated that that’s a possibility.

Mortgages 484

Mortgages Pre-approval Equity Investor 484

Housing Wire

NOVEMBER 30, 2023

A state-approved real estate school in Illinois, the CE Shop is constantly updating its course material to stay on top of industry changes. Visit Website Overview According to Net Real Estate School, it offers the lowest priced state-approved education in Illinois. out of 5 stars Rating: 4.5 Self-paced. out of 5 stars Rating: 4.5

HR 448

HR Pre-approval Design As-is 448

Housing Wire

FEBRUARY 8, 2022

Bill Bymel, managing director at Spurs Capital , an investment manager specializing in distressed mortgages, said that about 15% of the overall portfolio during the pandemic contained non-communicative borrowers, up 50% compared to the same pool of borrowers pre-COVID. Some are especially haunted by the Great Recession between 2008 and 2011.

Loans 370

Loans Pre-approval Mortgages Principal 370

Housing Wire

AUGUST 23, 2023

Following a merger with special purpose acquisition company (SPAC) Aurora Acquisition Corp , Better Home & Financing Co. Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. In that time, the market, the industry and the consumer changed dramatically.

Debt-to-income ratio 370

Debt-to-income ratio Technology Mortgages Pre-approval 370

Housing Wire

AUGUST 29, 2022

After two golden years in the mortgage market during the pandemic period, refis have dried up and the industry has since pivoted toward a purchase market. On top of competitive rates, getting approved for a mortgage has to be an easy and quick closing process for the customer, said Kevin Leibowitz, CEO of brokerage Grayton Mortgage.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

Housing Wire

NOVEMBER 13, 2023

In Florida, getting licensed as a real estate agent begins with the completion of an approved 63-hour Sales Associate prelicensing course. Final Exam: In order to earn your FREC Approved 63-Hour Real Estate Prelicensing Education Certificate, you need to take and pass a course final exam.

Purchase and sale agreement 468

Purchase and sale agreement MLS Pre-approval Agents 468

Housing Wire

DECEMBER 7, 2023

After completing an approved course of study, you’ll be able to sit the state real estate exam. Colibri Real Estate is a state-approved real estate education provider with over 132 instructors experienced in Massachusetts real estate sales and teaching best practices.

HR 433

HR Pre-approval Brokerage Commercial 433

RIS Media

SEPTEMBER 2, 2020

For real estate professionals looking to gain a competitive edge as the industry continues to change and evolve, it is more important than ever to adapt to increasing cultural diversity in order to meet the needs of today’s clientele. The post The Changing Face of the Real Estate Industry appeared first on RISMedia.

Industrial 111

Industrial Pre-approval Development Equity 111

Norada Real Estate

JUNE 22, 2022

Financing turnkey rental properties is the most difficult question to solve for a buyer with no experience in the real estate market. ” But, if an investor does not have that much cash in hand, finance is required to meet the purchase price of an investment property. Financing Turnkey Rental Properties.

Finance 96

Finance FHA loan Investor Loans 96

BAM Media

JULY 2, 2024

I’m not a big fan of asking, “ Hey, are you pre-approved ? Instead, ask, “What money do you have allotted to put towards the home purchase?” Then the next question is— “Have you spoken to anybody about the financing?” Not “Are you pre-approved?” Don’t ask: “Are you preapproved?” Would you like one?”

Pre-approval 52

Pre-approval Debt-to-income ratio Pre-qualification Purchase and sale agreement 52

Housing Wire

APRIL 18, 2023

In a cyclical mortgage industry, hedging is key to maintaining a buffer against losses. As rates increased in 2022, the California lender laid off nearly 1,000 staff to cut costs and meet shrinking demand in the industry. We’re always looking for hedges,” Arvielo said.

Loan Officer 369

Loan Officer Loans Pre-approval Mortgages 369

Realtor.com

AUGUST 13, 2020

That’s especially true in the mortgage industry, where interest rates and the overall home loan landscape are shifting with such head-spinning speed, it’s easy for outdated information to circulate, leading home buyers and homeowners astray. Mortgage pre-approval is all the more essential in the era of the coronavirus pandemic.

Pre-approval 145

Pre-approval Mortgages Loans Fixed-rate mortgage 145

Housing Wire

DECEMBER 5, 2024

This article will explore why referrals are losing ground, what todays clients expect, and the steps you can take to stay ahead in a digital-first industry. In addition to finding agents online, Zillows report indicates that 65% of pre-approved buyers used real estate websites or apps to explore financing options.

Agents 370

Agents Land Design Technology 370