RIS Media

SEPTEMBER 14, 2023

Before you buy a home, unless you have the cash to purchase outright, you’ll need to get pre-approved. Understanding how mortgage pre-approvals work is essential. This means finding a lender that offers the type of mortgage you want and then going through the pre-approval process.

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Housing Wire

JUNE 20, 2024

Oklahoma -based Adfitech , a mortgage industry partner for quality control and risk management services, has changed its name to Mortgage Connect Risk Solutions. In February 2024, industry veteran Kim Hoffman was hired as president of the new affiliate.

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Housing Wire

NOVEMBER 20, 2023

In order to survive, buyer agents will need to show this value to buyers and be willing to have clients pay a set fee or a pre-negotiated percentage of the sale price to secure the business. What concerns me here is the potential for infighting in the industry over price competition.

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RIS Media

SEPTEMBER 1, 2023

An essential part of the home-buying process is getting pre-approved for a mortgage. When your lender has checked your finances, they will issue a pre-approval letter. A common question among buyers is how long it takes to… The post How Do Mortgage Pre-approvals Work? appeared first on RISMedia.

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Housing Wire

JULY 16, 2021

Seventy million dollars in seed funding is a colossal investment for an unproven tech startup, even one that promises to fully disrupt a relatively low-margin, traditional industry like mortgage lending. The place where you see the most innovation in the real estate industry in the past decade or so is what we call ‘search-and-find.’

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Housing Wire

OCTOBER 1, 2024

With interest rates trending downward and refinances picking up, the industry is preparing for an upswing. However, the most recent ACES Mortgage QC Industry Trends Report found critical defect rates jumped up in the first quarter (Q1) of this year. One critical shift is the adoption of pre-funding QC reviews.

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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.

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Housing Wire

JUNE 3, 2024

For specific questions such as ‘What’s the difference between pre-approval and a prequalification?’, The company’s stated mission is to equip industries with top-tier tools to reclaim market control both online and offline. Michel Moubarak, vice president of growth at Roof AI, told HousingWire.

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Housing Wire

FEBRUARY 1, 2021

The great promise of short sales and other distressed pre-foreclosure sales as a foreclosure alternative is most fully realized in a competitive and transparent online auction marketplace, according to recent data from the Auction.com Market Validation Program (MVP) for pre-foreclosure sales. Pre-Foreclosure Potential.

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Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination. Our requests are up 100% month over month.”

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Housing Wire

JANUARY 31, 2023

Even if I write seven pre-approvals a day, when there is one house and there’s 20 people that want to buy the same house, we still can’t do a lot of deals,” Marquis said. Connie Kim : We’ve seen a lot of optimism for the mortgage industry, mainly due to rates on a declining trend.

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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. .

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Housing Wire

NOVEMBER 2, 2021

KSCORE is a fully-digital real estate training program that will offer state approved pre-licensing courses, as well as continuing education opportunities for existing agents. One of the brokerage’s biggest goals for the new program is to use it to address the lack of diversity in the real estate industry.

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Housing Wire

DECEMBER 7, 2023

While the conservatorship has allowed for the mortgage market to be restored to its pre-crisis state and strengthened these two government-sponsored entities (GSEs), there are significant downsides to maintaining the status quo indefinitely. This has also subjected homeowners and lenders to the whiplash of periodic policy changes.

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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.

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Housing Wire

JULY 4, 2024

As industry professionals, we have a responsibility to foster belief in the possibility of homeownership. It may mean drilling down and familiarizing yourself, and your potential clients, with the ins and outs of credit repair, loan pre-qualification and pre-approval, and even basic personal finance and budgeting.

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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.

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Housing Wire

NOVEMBER 18, 2022

homeowners and industry stakeholders,” Sprecher said. The transaction is pending customer regulatory approval and is expected to close in the first half of 2023, according to Katia Gonzalez, senior analyst of investor relations at ICE. “Our merger will afford significant benefits to U.S. billion, down from $2.9

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Housing Wire

JUNE 16, 2022

Consequently (it) will shrink the buyer pool,” Yun said, adding: “Sales could fall even further with some inventory sitting on the market for more than a month like in the pre-pandemic days.”. mortgage industry to fund $4.1 What remains clear for industry observers is that higher mortgage rates will cool down the housing market.

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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.

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Housing Wire

JANUARY 8, 2021

As we think about coming out of this first month of the year, we’ve quickly realized this year is going to be anything but planned or what we in the mortgage lending industry are used to. But for others, low mortgage rates gave way to pre-approved borrowers struggling in a very competitive seller’s market.

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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.

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Housing Wire

JUNE 25, 2021

Get Pre-Approved. Being pre-approved means a lender has agreed to let you borrow money for the home. To get pre-approved, a lender will take a good look at your finances. You should also consider having a pre-approval letter, which provides the specific mortgage amount you can afford based on your finances.

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Housing Wire

JULY 12, 2024

State law requires you to complete a 40-hour course at an approved Massachusetts real estate school to begin the process. Complete a 40-hour prelicensing course Before you can sit for the Massachusetts real estate licensing exam, you must complete 40 hours of approved prelicensing education. Welcome to the real estate industry.

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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.

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Housing Wire

JANUARY 14, 2021

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. Own Up, founded in 2015, claims that customers who used the service in 2020 would save more than $100 million in interest payments over the lifespan of their loans.

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Housing Wire

SEPTEMBER 17, 2024

New final rule on counseling accessibility Published in the Federal Register on Monday, the “ Modernizing the Delivery of Housing Counseling Services ” final rule now allows HUD-approved housing counseling agencies to use a broader swath of communication methods with counseling clients. It was originally proposed in Oct.

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Housing Wire

SEPTEMBER 2, 2021

It also allows sellers access to a network of pre-approved buyers to expedite the process. “After decades of stagnation in our industry, how we buy and sell homes is fundamentally changing,” said Drew Uher, Founder and CEO of HomeLight.

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Housing Wire

JULY 3, 2023

billion in Q1 2022 (which was roughly in line with industry peers). 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% from the fourth quarter of 2022’s $2.04 Nearly 92% of U.S.

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Housing Wire

MAY 8, 2023

Originators can use the BIG Point of Sale system to monitor and adjust loan files from their mobile devices, including generating pre-approvals, and the web interface module allows the loan officer and consumer to electronically sign loan disclosures and closing documents from their mobile devices.

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Housing Wire

FEBRUARY 18, 2022

Brenan has more than four decades of experience in the appraisal industry, previously serving in leadership roles at The Appraisal Foundation and the State of California Bureau of Real Estate Appraisers. Below, Brenan answers questions about the housing industry: HousingWire: To start off, what is your current favorite HW+ article?

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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. Currently, the fintech’s product portfolio includes conventional 15- and- 30-year fixed rate loans but the lender does not offer FHA or VA loans.

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Housing Wire

OCTOBER 5, 2021

Across the board in all industries, customer experience is fading as we get busier and spend less time face to face, but it is critical to building trust. With the Financial Services Cloud industry data model, users can accelerate innovations leveraging automation, workflows, triggers, journeys and approvals.

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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.

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Housing Wire

MARCH 26, 2025

Youll need to complete 60 hours of pre-licensing education to be eligible to sit for the real estate exam. This flexible learning format ensures that students complete their pre-licensing requirements with the confidence they need to sit for the state and national exams.

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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.

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Housing Wire

AUGUST 4, 2022

The acquisition is slated to close in 2023, subject to customary closing conditions and regulatory approvals. Once finalized, the acquisition of RoundPoint is expected to provide Two Harbors with annual annual pre-tax earnings of about $20 million, according to Two Harbors.

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