Housing Wire

MARCH 4, 2021

” The traditional verification approval process can be lengthy: A mortgage pre-approval can take up to two weeks , and the entire mortgage process can take one to two months. Plaid’s technology enables apps to connect with users’ bank accounts. Its most recent valuation was $5.3 billion merger.

Finance 244

Finance Pre-approval Banks Investor 244

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. The latest figures , out this week, show some improvement—but lenders were still in the red, this time for the eighth consecutive quarter.

Loan Officer 444

Loan Officer Pre-approval Technology Lending 444

Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. billion in the first six months of 2023, according to data from Inside Mortgage Finance.

Pre-approval 435

Pre-approval Loans Finance Mortgages 435

Housing Wire

AUGUST 23, 2023

and Aurora are creating Better Home & Finance Holding Company , which will have Class A common stock listed on the Nasdaq under the ticker “BETR” starting Thursday. Garg will be a director at Better Home & Finance, the same position as Prabhu Narasimhan and Arnaud Massenet, managing partners of NaMa Capital. Better HoldCo, Inc.

Closing 370

Closing Pre-approval Finance Title 370

Housing Wire

JUNE 22, 2023

These funds can be utilized to consolidate debts or finance home improvement projects. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval. The TLS HELOC has a fully online application process, underwriting system, and valuation model.

Loans 370

Loans Pre-approval Equity Lending 370

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 343

Pre-approval Loans Technology Branding 343

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 399

Pre-approval Investor Technology Equity 399

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

SEPTEMBER 14, 2020

The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. As a mortgage technology executive, it would be my great pleasure to report that all a lender needs is great technology. Setting the mortgage industry up for success. Sadly, that’s not true.

Lending 488

Lending Mortgages Technology Loans 488

Housing Wire

JANUARY 25, 2023

Embattled digital lender Better.com launched a program that will allow customers to apply for a mortgage, get pre-approved, lock their rate and receive a mortgage commitment letter within 24 hours. billion in production volume as of September 30, a decline of 76% from the same period in 2021, Inside Mortgage Finance data showed.

Pre-approval 397

Pre-approval Mortgages Finance Loans 397

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. billion in revenue.

Pre-approval 418

Pre-approval Mortgages Agents Finance 418

Housing Wire

SEPTEMBER 26, 2023

The API, which utilizes Loan Product Advisor (LPA) AIM independent of an LPA submission, enables Freddie Mac-approved sellers and third-party originators to get a preliminary view of a borrower’s qualifying asset, income and employment before submitting a full application to LPA.

Pre-approval 424

Pre-approval Mortgages Loans Industrial 424

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

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. After you complete all six courses, you’ll have to take and pass the pre-license course final exam. That’s a longer program than in most states. How much exactly?

Pre-approval 434

Pre-approval Pre-qualification Brokerage Agents 434

BAM Media

MARCH 10, 2025

This move aims to integrate Rockets mortgage lending with Redfins home search and real estate services, making it easier for people to buy and finance homes in one place. The deal is expected to close in the second or third quarter of 2025, pending shareholder and regulatory approvals. For now, Redfin will keep operating as usual.

Pre-approval 72

Pre-approval Lending Title Finance 72

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

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. Most mortgage companies use technology to collect data.

Debt-to-income ratio 370

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

Housing Wire

AUGUST 29, 2022

billion in equity as of the second quarter, plus technology that can close loans faster than most competitors, aggressive pricing is a “multibillion dollar decision investment,” as Ishbia put it. With UWM cutting rates and its technology enabling fast closings, Saada’s business with the Michigan lender grew about three-fold since ‘Game On.’.

Loans 435

Loans Loan Officer Equity Mortgages 435

Housing Wire

NOVEMBER 30, 2023

Your path to real estate licensure begins with 120 hours of classes in an approved Ohio real estate license education program. Step 1: Complete the prelicensing education requirements Applying for an Ohio real estate agent license starts with fulfilling the 120-hour sales associate pre-licensing education requirement.

Brokerage 458

Brokerage Pre-approval Agents As-is 458

Housing Wire

DECEMBER 5, 2024

How do you stand out in a crowded digital space while leveraging technology to attract and serve clients more effectively? 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. So, whats driving this shift?

Agents 369

Agents Land Design Technology 369

Housing Wire

NOVEMBER 30, 2021

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. There are at least two dozen TPR firms active in the market, based on lists of approved TPR firms issued by bond-rating agencies.).

Due diligence 434

Due diligence Mortgages Loans Residential 434

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. General support is available daily via phone, email, or chat.

HR 432

HR Pre-approval Brokerage Commercial 432

App Folio

NOVEMBER 18, 2020

In the past year, the multifamily industry has turned to technology to overcome the unique obstacles brought on by COVID-19. Pre-COVID-19, many felt they were making great strides toward finding new and better ways to operate their properties. Throughout 2020 we have witnessed the property management industry’s digital transformation.

Technology 105

Technology Property Management Pre-approval Inspection 105

Marco Santarelli

FEBRUARY 28, 2025

Strong Job Market: San Diego boasts a diverse and robust economy, with strong sectors in technology, biotech, defense, and tourism. Here's my take on how this might impact buyers and sellers in San Diego: For Buyers: Be Prepared: Get pre-approved for a mortgage, have your finances in order, and be ready to make a competitive offer.

Marketing 92

Marketing Pre-approval Land Staging 92

Marco Santarelli

JANUARY 26, 2025

Mortgage Rates Rise Past 7% in January: Highest in 7 Months The Role of Technology in Modern Mortgage Processes Technology is increasingly simplifying how consumers engage with mortgage lenders. Recommended Read: Mortgage Rates Trends for January 26, 2025 Post-Inauguration Mortgage Rates Outlook: Will They Rise or Fall?

Mortgages 77

Mortgages Pre-approval Fixed-rate mortgage Loans 77

Lighter Side of Real Estate

NOVEMBER 20, 2024

The home-buying process has been revolutionized by technology. You can browse listings from your couch, get pre-approved for a mortgage, and even apply for mortgages with a few taps right online, all without speaking to a single person. Don’t wait until you’ve fallen in love with a house and need a loan approval yesterday.

Pre-approval 107

Pre-approval Pre-qualification Mortgages Banks 107

Realtor.com

APRIL 14, 2021

” The changes in everyday life due to the pandemic have placed a greater emphasis on the value of a home, says Rick Rudman , CEO at Curbio, a home renovation technology company. Get pre-approved ASAP. Experts say p otential buyers should make pre-approval their first step.

Pre-approval 111

Pre-approval Mortgages Loans Banks 111

Inman

JANUARY 25, 2024

Leaders from Better, Point and EasyKnock said that consumers are becoming increasingly curious about alternative financing options — but they still need agents to help guide them.

Agents 189

Agents Finance Pre-approval Technology 189

Realty Biz

MARCH 14, 2021

That’s according to the latest research from the real estate technology industry strategist Mike DelPrete, who revealed that the losses translate to a deficit of about $40,000 on each home Opendoor and Zillow sold in the last year. Opendoor and Zillow lost a combined $650 million in the previous year as well, DelPrete said.

Pre-approval 101

Pre-approval Home sale contingency Title Renovation 101

HomeLight

JANUARY 12, 2022

According to the loan software firm ICE Mortgage Technology, it took 50 days on average to close on a purchase loan for a house, as of Q3 2021. Source: Ice Mortgage Technologies , Data for Sept. And in some scenarios, the seller won’t be required to attend in-person if they pre-sign the deed and other documents.

Closing 116

Closing Purchase and sale agreement Pre-approval Inspection 116

Marco Santarelli

JUNE 10, 2024

With overall inventory still significantly below pre-pandemic levels, a true market balance may be a ways off. Embrace Patience: Don't expect a return to the pre-pandemic frenzy of bidding wars. The Power of Pre-Approval: Getting pre-approved for a mortgage strengthens your offer and demonstrates your seriousness to sellers.

Pre-approval 98

Pre-approval Marketing Mortgages Technology 98

Realty Biz

JANUARY 19, 2024

Let's start with some detailed information and actionable tips on financing. From preparing your finances and exploring mortgage options to calculating your budget, these steps set you on the right path toward finding your dream home. This documentation will be necessary when applying for a mortgage pre-approval.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Kyle Handy

APRIL 8, 2023

Each aspiring agent must complete 180 classroom hours of pre-licensing education covering real estate finance, contract law, and real estate principles. Required Courses To become a real estate agent in Texas, you must complete 180 classroom hours of pre-licensing courses approved by TREC.

Pre-qualification 82

Pre-qualification Pre-approval Agents Finance 82

HomeLight

JULY 25, 2022

While a home is usually a family’s largest purchase, it’s also a complex configuration of materials, technology as well as structural and mechanical engineering. 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.

Inspection 111

Inspection Pre-approval Loans Finance 111

Marco Santarelli

MAY 30, 2024

Alternative Financing Options: Exploring programs like FHA loans or down payment assistance initiatives can help bridge the gap for aspiring homeowners facing stiff competition from cash buyers. Considerations for Homebuyers: Strategic Bidding: Understanding the investor presence in your target area is crucial.

Investor 98

Investor Marketing Pre-approval FHA loan 98

HomeLight

OCTOBER 26, 2021

But that is only a preliminary step to getting final approval for a mortgage. That average time has ticked up, according to ICE Mortgage Technology , a company that processes up to one-third of U.S. loans through its technology. The last step is the approval process. The determination: 1 to 3 days.

Pre-approval 104

Pre-approval Mortgages Loans Loan Officer 104