Housing Wire

DECEMBER 6, 2022

Conversion Capital led the funding with participation from Fifth Wall , Peter Thiel , QED Investors , Montage Ventures , and Village Global as well as Ramp , Blend , Zillow , SoFi and Figure , the company announced.

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Pre-approval Mortgages Banks Loans 370

Housing Wire

AUGUST 13, 2021

Existing investors and others including Andreessen Horowitz, Singapore’s GIC, GGV Capital and Moore Specialty Credit participated in the round, which pre-empted a capital raise that could have featured new investors, she said. We’re aiming to bring a legitimacy to alternative home financing options,” said Hefets.

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Pre-qualification Pre-approval Equity Finance 435

Housing Wire

NOVEMBER 18, 2022

The deal was quickly met with resistance from trade groups and investors voicing antitrust issues – the two giant suppliers of mortgage loan origination software would harm competition in the mortgage tech solutions market. billion a year prior, with adjusted pre-tax earnings of $400 million, compared to $669 million a year ago.

Title 435

Title Pre-approval Investor Mortgages 435

Housing Wire

FEBRUARY 1, 2023

Investors are betting that the economic slowdown and the Fed’s eventual victory over inflation will result in lower rates over time,” Fratantoni said. Andrew Marquis, regional vice president at CrossCountry Mortgage , also noted that he’s doing twice as many pre-approvals that he was doing in the fall due to the decline in rates. “We

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Pre-approval Mortgages Banks Investor 418

Housing Wire

JUNE 24, 2021

Led by venture capitalist firm Signal Fire as well as existing seed investors Y Combinator and DN Capital , Accept.inc said it plans to use the funding to scale its platform, double its team size and enter new markets. Mortgage startup Accept.inc announced Thursday it raised $90 million in debt and equity.

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Equity Proof of funds Pre-approval Investor 418

Housing Wire

JUNE 20, 2023

Originators will use Figure’s online pre-application process to pre-qualify their customers, which then feeds directly to a digital fulfillment system supported by Figure. Approval may be granted in five minutes but is ultimately subject to verification of income and employment.

Lending 370

Lending Technology Pre-approval Equity 370

Housing Wire

SEPTEMBER 2, 2021

Zeev was also an initial investor in the proptech’s 2017 Series B. Other repeat investors in its most recent round included Menlo Ventures , Group 11 and Stereo Capital. It also allows sellers access to a network of pre-approved buyers to expedite the process. billion, the company claimed.

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Pre-approval Investor Technology Equity 412

Housing Wire

MARCH 29, 2023

And, following investors’ rush into bonds after the recent bank failures earlier this month, yields moved even lower last week — and mortgage rates followed. Arias said his pre-approval applications for March are in line with January’s numbers — but he hasn’t seen the busy spring buying season that everyone had hoped for. “It

Mortgages 435

Mortgages Pre-approval Banks Loan Officer 435

Housing Wire

SEPTEMBER 29, 2022

MAXEX is an Atlanta-based fintech company that is backed by leading private-equity and capital-markets investors, including J.P. Facilitating forward-trading agreements, which allow platform users to sell loan pools at a future date with pre-negotiated terms and pricing.’. Morgan Chase.

Marketing 397

Marketing Pre-approval Bankruptcy Loans 397

Housing Wire

JANUARY 27, 2023

Mortgage analysts are in charge of pre-approving buyers, contract desk employees take in incoming contracts and send it to the underwriting team, and closing specialists process the loans and take over all communication with escrow, real estate agents and buyers to close loans. I thought it was sparse.

Lending 418

Lending Loans Pre-approval Loan Officer 418

Housing Wire

FEBRUARY 9, 2022

Whether you’re a seasoned real estate investor or a first-time homebuyer, it’s a big financial transaction. and get a pre-approval for a mortgage from the comfort of your own laptop. This is especially true on the financial services side when it comes to transferring money for real estate. Let’s face it.

Industrial 418

Industrial Purchase and sale agreement Pre-approval Banks 418

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.

Pre-approval 418

Pre-approval Mortgages Agents Finance 418

Housing Wire

JANUARY 26, 2022

Meanwhile, in October 2020, Tomo picked up $40 million in a seed round led by the same investors. The digital mortgage lender advertises that it creates pre-approvals for its customer within hours, not days, charges no lender fees, and ensures on-time closings 100% of the time.

Mortgages 370

Mortgages Pre-approval VA loan Lending 370

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.”. With investors asking for higher premiums to invest in assets caused by the expectation of higher U.S. The consumer-price index rose 8.6%

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

FEBRUARY 15, 2023

While a significant number of people have been getting pre-approvals for mortgages since the beginning of the year, according to Steinway, some are still struggling to find that special home. The momentum of the uptick in rates last February, March and April really made people run before the rates went up,” he said.

Mortgages 370

Mortgages Pre-approval Lending Loan Officer 370

Housing Wire

JUNE 6, 2024

Adding the fiscal policy to that, Duncan said there’s more price sensitivity among investors in the U.S. 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.

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Mortgages Pre-approval Equity Investor 487

The Close

NOVEMBER 12, 2024

Step 3: Decide the Type of Land to Purchase Many new investors usually know about common land deals, like buying a rural property, farmland, or empty residential lots. Other land marketplaces, like Crexi and LoopNet, provide real estate investors with more extensive and relevant property details. Are you considering buying land?

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Land Investor Finance Development 98

Housing Wire

JULY 12, 2022

Bridges said there’s no upfront fee, but the lender requires a pre-approval to ensure borrowers qualify for a mortgage loan – in this case, the lender gives 50 basis points on the closing costs. .” Pennymac’s product allows borrowers to extend their lock-in period at an updated rate if they do not find a house.

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Mortgages Pre-approval Loans Closing costs 397

Housing Wire

AUGUST 17, 2020

There is much to celebrate regarding Ginnie Mae ’s recent announcement that it will begin accepting eNotes (or digital collateral) from its approved issuers. Instead, interested custodians will need to apply and receive approval to act as an eCustodian before accepting any Ginnie Mae loans or pools that contain eNotes.

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Pre-approval Loans Investor Industrial 255

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. Since its founding in 2013, Plaid has collected $309.3 million in funding. Its most recent valuation was $5.3 billion.

Finance 258

Finance Pre-approval Banks Investor 258

Housing Wire

MAY 4, 2022

Homes that reach the market sell quickly, bidding wars are the new normal and the investor share of sales continues to rise. Mortgage credit availability remains tighter than it was pre-pandemic. Annual house price growth hit a record high in 2021, over 17%, and growth remains in the double digits thus far in 2022.

Debt-to-income ratio 397

Debt-to-income ratio Equity Pre-approval Finance 397

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.

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Pre-approval Loans Mortgages Principal 418

Housing Wire

APRIL 22, 2024

I’d be happy to email you a copy of their pre-approval letter. Targeting investors and tailoring your real estate prospecting letters to their needs and is very smart. If you have them, I would also include an insert with any testimonials you have from investor clients. Are you considering selling your property?

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Brokerage Investor Agents Pre-approval 466

Housing Wire

SEPTEMBER 14, 2020

Lenders must constantly weigh the consumer’s experience against the compliance requirements handed down by regulators and investors. But without enough information about the borrower, the lender will struggle to provide a pre-approval. After that, it tends to get messy. How early in the process must the borrower be identified?

Lending 488

Lending Mortgages Technology Loans 488

Marco Santarelli

JANUARY 15, 2025

What This Means for Buyers and Sellers If youre looking to buy in one of these hot markets, here are a few tips: Get Pre-Approved: In a competitive market, knowing your budget and having pre-approval for a mortgage is critical. Recommended Read: 10 Cities Where Home Prices Were Rising Fast in 2024: Buffalo Topped List!

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Marketing Pre-approval Sales New Construction 98

Marco Santarelli

MARCH 27, 2025

Market Instability: The market is a very sensitive thing and investors are hesitant about putting money into debt markets. Expert Insights According to Realtor.com Senior Economist Joel Berner, the mortgage rates have been fluctuating because the recovering stock market has been pulling investors out of the debt market. Treasury yield.

Mortgages 113

Mortgages FHA loan Purchase and sale agreement Pre-approval 113

Housing Wire

SEPTEMBER 20, 2022

The housing industry is much more regulated in a post housing crisis era, and ARMs may not be utilized as they were pre-2008. However, every mortgage loan needs to fund, and the pool reduction could lead to rejected loans that would’ve been approved and funded previously.

Loans 370

Loans Marketing Lending Pre-approval 370

Housing Wire

SEPTEMBER 27, 2021

The various federal, state and investor regulations that directly affect your company, employees and corporate policies must be organized and presented in a manner that is both meaningful and digestible.

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Loan Officer Loans Pre-approval Development 370

HomeLight

OCTOBER 24, 2024

Many sellers don’t realize that even in a traditional sale, buyers can often close quickly, especially with financing pre-approvals. Mention that mortgage approvals today can be rapid, often closing within a month, and might result in significantly more money in their pocket. Don’t badmouth the investor, just explain the facts.

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Pre-approval Investor Finance Agents 64

Housing Wire

DECEMBER 28, 2023

I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Don Monson, branch manager at Sente Mortgage , said of the challenges he faced in 2023. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Marco Santarelli

MAY 30, 2024

The US housing market continues to evolve , with a growing presence of institutional investors in the single-family rental space. As foreclosure rates have declined, these large-scale investors have adopted new strategies to acquire properties. Big Investors Set Their Sights on Sunbelt Rentals According to the U.S.

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Investor Marketing Pre-approval FHA loan 98

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.

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Brokerage Pre-approval Agents As-is 459

Toronto Realty Blog

OCTOBER 15, 2024

Three blog readers and two family members emailed me this one: “The Condo Catch” Investors have wreaked havoc on the Toronto condo market, leaving us with tiny units no one wants. “Investors have wreaked havoc.” “A big reason for that growth is investors.” Investors love to buy condos.

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Investor Marketing Pre-approval Land 103

Housing Wire

FEBRUARY 8, 2022

Servicers, lenders and investors dealt with a tsunami of 7.7 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.

Loans 370

Loans Pre-approval Mortgages Principal 370

Housing Wire

AUGUST 29, 2022

I’m not really focused on the margins for this quarter,” Ishbia told investors in UWM’s second-quarter earnings call. “It’s 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

AUGUST 23, 2023

Flávia Nunes: Better took nearly two years to go public, with Aurora’s shareholders’ merger approval extended three times. The other thing we have to do is use technology to predict which customers can qualify for One Day Mortgage based on just the data that’s in their pre-approval.

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

HomeLight

APRIL 23, 2025

HomeLights Simple Sale platform connects Lake Jackson sellers directly with pre-approved cash buyers, making the process quicker and less stressful. The process of a cash offer in Lake Jackson When you go the cash sale route, the buyer already has the money lined up no waiting on mortgage approvals or lengthy inspections.

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Pre-approval Inspection Land Sales 52