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Consequently, mortgage industry executives believe buyers will pay agents out of pocket or ask sellers to pay their agent fees through concessions. Kevin Leibowitz, CEO of broker shop Grayton Mortgage, expects that “commissions will get squeezed,” and some buyers’ agents will exit the industry. LOs on average get about 1%.)
That was a repeated idea shared by a group of reverse mortgage professionals when asked to assess what they see as the biggest industry challenges of the year. But despite challenges posed by rates, industry professionals continue to find a way forward. I think that’s true from an industry standpoint.
San Diego-based Smartfi Home Loans , which primarily is active as a wholesale lender in the reverse mortgage space, will launch a retail division that offers reverse mortgage products and has hired industry veteran Paul Fiore as its president of retail sales. “I I absolutely knew that I wanted to remain in the reverse mortgage industry.
American Identity Group , an information security company that monitors and fixes security breaches and primarily operates in the wholesale lending space, has also become well established in the title and home warranty industries. When we look at the mortgage industry in our office, we broad-brush it,” he said. “We
Join this insightful webinar with industry expert Abdi Ali, who will discuss the challenges that can arise from managing lease accounting with spreadsheets! He will share real-world examples of errors, compliance issues, and risks that may be present within your spreadsheets.
If the past few years have taught us anything, even the veterans must find ways to adapt, and anything can happen in our industry. I was feeling a bit drained from it all, and truth be told, it made me feel as though I had lost the “it” factor I once had in this industry. You see, social media glorifies success; think about it.
A tri-merge report that a couple years ago was $20 is around $60 right now, one industry pro told HousingWire. What the mortgage industry’s been told Despite widespread speculation and hints during company earnings calls, FICO has neither confirmed nor denied that cost increases on credit reporting will affect mortgage lenders in 2025.
The share of respondents who believe the changes will lead agents to leave the industry has also come down, dropping by 9 percentage points to 86% of agents surveyed.
The conversation covers Bell’s and Naghmi’s co-authored real estate and mortgage guidebook “Leadership Matters,” and the importance of communication and training for leadership development in the mortgage industry. In our industry, we have so many different verticals. As an industry, we must come together and grow as leaders.
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HousingWire real estate reporter Jeff Andrews sat down with Umansky to talk about his brokerage, agent recruiting efforts, how the industry is changing in the wake of the NAR commission lawsuit settlement — and even a little fashion. It’s really out of pure love and wanting to give back to an industry that we love.
I have attended several industry events recently and so many of the discussions continue to focus on the short game—top of funnel. These are exciting times for our industry and technology innovations continue to improve to support the needs of modern agents. Stuart Sim is the VP of Industry Development at Lofty.
The state of leadership in the mortgage industry When people say, Theres no such thing as a perfect company, are they really acknowledging an inherentflaw or are they feeling the void left by inadequate leadership? Heres how: 1. Leadership is not a natural progression; its a conscious choice that requires preparation, support, and growth.
You’ll hear from top industry experts and get exclusive insights into how you can become the social-savvy agent. Close more deals from social media leads in 2022! This three-chapter eBook covers the fundamentals of building a digital strategy. Get your copy today!
In this week’s episode of the RealTrending podcast , host Tracey Velt is joined by Danielle Wilkie , co-founder of The Helm , to discuss emerging trends in real estate, female representation in real estate coaching and artificial intelligence. This interview has been edited for length and clarity.
With October being Cybersecurity Awareness Month, it is important that the real estate industry and consumers speak up and spread the word about how to prevent these real estate cybercrimes. In addition to education, industry mitigation efforts are working.
In a blog post , Zillow Group’s chief industry development officer, Errol Samuelson, wrote that buyer agreements can “provide transparency, promote open conversation, and foster alignment between the two parties.” According to the blog post, Zillow is not required to offer consumer-facing agreements by the terms of NAR’s settlement agreement.
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By focusing on these pillars, brokerages can enhance their overall consumer experience, adapt to industry changes, and drive sustainable growth. Dive in and discover BOLD strategies for building a profitable brokerage at scale.
Jason Abrams, the head of industry and learning at Keller Williams, said it was important that the firm provide users with information in a variety of mediums. “I For Abrams, the resource guide’s best feature is that agents can gather insights and information from a variety of industry professionals. “I
As we mourn the loss of Steve, we hold tight to the incredible impact he had on agents, our industry, and the fact that his legacy will live on at Keeping Current Matters. Steve regularly consulted with, coached and advised many of the industry’s top executives. “He believed it was truly good for Americans to own their homes.
We look forward to working with interim CEO Debra Ferrier, who is well-known throughout the industry, and who has a keen understanding of the priorities of the Association. I look forward to working with our leadership team, the Board, and the staff at CAR in the months ahead during what is a very challenging time in our industry.
There is no question that the industry will go through some transitions because of the settlements — ours and every other major player in the industry settled, the National Association of Realtors settled for more than $400 million ,” Abel said. “So,
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For many in the real estate industry, Aug. As it became clear that many real estate professionals are in need of guidance, brokerages and industry leaders have launched a variety of educational resources and training courses for agents and brokers. In the same way, we felt this was just too important to keep online in house.”
because we feel the real estate industry is in need of change,” Smith said in a statement. “In In many ways, the industry has become stagnant, and we refuse to accept that. Key Avenue is led by Christopher Smith and Patrick Ryan. first entered South Carolina in 2023. “We chose SERHANT. ” SERHANT.
Like the traditional forward space, the reverse mortgage industry has been operating in an elevated interest rate environment for some time. Kristen Sieffert At industry leader Finance of America (FOA), company president Kristen Sieffert said that the impact on both the company and the industry will be very evident.
Brokers and industry leaders say things are still a little chaotic, but they aren’t nearly as bad as some feared. Although the world didn’t end for the real estate industry on Aug. Confusion and chaos are fairly frequent visitors in many transactions, which industry leaders believe is to be expected. Approaching the Aug.
Although the industry is barely than a week into the “ new normal ,” some real estate agents and brokers are already seeing smaller buy-side commissions. “It The one thing that is always absolutely true, is any time a federal or state government step in with more regulations on an industry, as they have here, it will cause consolidation.
Challenges facing the industry The challenges identified by respondents highlight several areas of concern. Looking ahead, it is essential for industry leaders to foster collaboration, share best practices, and adapt to the shifting market dynamics, particularly in the new post-NAR settlement real estate market.
H4P has struggled to gain traction in the already-niche reverse mortgage market, though some reverse mortgage industry professionals have aimed to amplify its potential among their peers. But industry professionals also tend to see H4P as a bit of a hard sell for borrowers and, critically, real estate agent referral partners.
In an industry where managing a web of technology vendors to support LO’s sales and marketing needs has become overwhelmingly complex, inefficient and creates unnecessary security and compliance risks, CANDID is quickly becoming a leader in transforming how mortgage lenders operate. Click Here
While Monestier, who reportedly sold her Rhode Island home in 2022 and is part of the affected class, believes sellers were paying “inflated commissions,” she feels that prior to the settlement changes going into effect, the rules governing the industry were “clear and confusion did not reign supreme.” Following the Aug. And I am confused.
Some of the most powerful women in real estate have taken the industry’s coaching space into their own hands. We are eager to bridge this industry gap, not only by offering more female-centric coaches and coaching, but also by elevating the standard of the coaching provided and promoted.”
Job creation continued to slow in July as unemployment spiked, which economists say is good news for the Federal Reserve and the housing industry. Job gains in July were most notable in industries like health care (55,000 jobs), transportation and warehousing (14,000 jobs), and construction (25,000 jobs), a positive for the housing industry.
You can network and build community with other agents worldwide, keep up-to-date on the latest industry trends, stay motivated when you’re feeling discouraged, learn directly from some of the top real estate leaders, and even potentially find new clients! ” 1. We are smaller, with about 3,400 members. Join Introverts in Real Estate 7.
On top of that, has anybody shown you how the buying process works, or what’s new in the industry? Stockberger: One of the reasons we’re in the situation our industry is in is that there was just that perceived lack of value. Stockberger: It’s very omnipresent. We go through that too.
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