Housing Wire

JANUARY 27, 2023

California-based retail lender JVM Lending plans to drum up business this year — but by doing the exact opposite. After the 2008 mortgage meltdown, JVM let go of all its loan originators and trained its employees to target the jumbo loan market in the San Francisco Bay area instead.

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Lending Loans Pre-approval Loan Officer 396

Housing Wire

SEPTEMBER 14, 2020

In fact, the changes we’ve seen since the advent of the global pandemic are significant enough to serve as a catalyst that will drive all lending digital. The trends and lending requirements I’ve highlighted below became important long before the coronavirus made it to the U.S. Peering into the future of lending.

Lending 476

Lending Mortgages Technology Loans 476

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. But this is no ordinary mortgage startup. For starters, it does not originate mortgage refinancings.

Lending 473

Lending Pre-approval Mortgages Closing 473

Maximum Exposure Real Estate

AUGUST 16, 2023

A mortgage pre-approval is a crucial step in the home-buying process. It states on the letter how long the pre-approval is valid, typically around 90 days. Understanding the duration of […] The post How Long is a Pre-approval For a Mortgage Good For?

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Realty Biz

FEBRUARY 22, 2024

Glossy online listings behind your computer screen might fuel your dream home fantasy, but the home-buying process truly begins in earnest when a lender is contacted to be pre-approved for a mortgage. Once this process is complete, the lender will provide you with a pre-approval letter. Know Your Credit History.

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Pre-approval Debt-to-income ratio Loans Banks 80

Housing Wire

JANUARY 18, 2023

Columbus, Ohio-headquartered lender Lower rolled out mortgage as a service platform that enables consumer finance, banking and real estate companies to offer its mortgage products. . iBuyer Opendoor is Lower’s first mortgage platform customer, which Snyder said will help the platform expand its reach. . population.

Mortgages 366

Mortgages Pre-approval Lending Finance 366

Housing Wire

OCTOBER 11, 2024

Mortgage solutions provider Floify is now going to go toe-to-toe with Equifax ‘s oft-maligned workplace verification provider The Work Number, which has been criticized by mortgage lenders and regulators for years of cost increases. The steep price increases raise a lot of questions for me.

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Pre-approval Loans Lending Mortgages 407

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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Pre-approval Debt-to-income ratio Mortgages Marketing 106

Housing Wire

JANUARY 18, 2022

Milo , a Miami-based digital lender, will soon offer a crypto mortgage to clients with digital assets. If a client qualifies, they will receive a low interest rate 30-year crypto mortgage, the company said. And unlike conventional mortgages, there are no down payment requirements.

Mortgages 501

Mortgages Pre-qualification Pre-approval Lending 501

Housing Wire

MAY 12, 2022

Worsening market conditions are only going to accelerate an already hyper-competitive mortgage lending industry that is still learning to adapt to post-pandemic homebuying behaviors. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack.

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Lending Marketing Pre-qualification Pre-approval 308

Housing Wire

DECEMBER 1, 2023

Mortgage originators will pay more to access consumer credit reports in 2024, reigniting complaints from mortgage lenders and trade associations. Compared to 2022, mortgage lenders in 2023 saw a price increase between 10% and 400% , mortgage trade groups and other stakeholders said. In 2024, Fair Isaac Corp.

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Mortgages Pre-approval Closing costs Lending 482

Housing Wire

FEBRUARY 15, 2023

Larry Steinway, former senior vice president of lending and branch manager at Illinois-based Guaranteed Rate , has taken on a new challenge to expand the Ohio-based Revolution Mortgage footprint in the Chicagoland market. It’s a different approach to lending.

Mortgages 346

Mortgages Pre-approval Lending Loan Officer 346

First Team Real Estate

AUGUST 31, 2020

If you’ve read any tips for homebuyers then chances are you’ve heard that you need to get pre-approved for a mortgage loan. The question is – how exactly do you get the pre-approval? Here are the steps you need to take to get pre-approved for a mortgage loan and the most important facts you need to get you there.

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Pre-approval Pre-qualification Loans Mortgages 98

HomeLight

OCTOBER 27, 2020

When you’re getting ready to start looking for homes, you’re probably dreaming about more space, a big backyard, or a garage, rather than low mortgage interest rates. Do you know the difference between pre approval vs pre qualified when it comes to mortgage loans? Don’t let that be you! Prequalification.

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Pre-approval Due diligence Loans Bankruptcy 105

Housing Wire

OCTOBER 1, 2024

The Federal Housing Administration (FHA) on Tuesday issued an informational notice to mortgage lenders in which it reiterates various loss-mitigation options afforded to companies and borrowers who are engaged in FHA lending programs in presidentially declared major disaster areas (PDMDAs).

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Inspection Pre-approval Principal Loans 446

Housing Wire

JUNE 22, 2023

Wholesale mortgage lender The Loan Store (TLS) announced on Thursday the roll-out of its new home equity line of credit (HELOC) product, which is currently available in 25 states and Washington, D.C. This approach allows The Loan Store to offer same-day approvals and HELOC funding in as little as three business days after final approval.

Loans 337

Loans Pre-approval Equity Finance 337

Redfin

JUNE 23, 2023

When it comes to buying a home, obtaining a mortgage pre-approval is an essential step in the process. A mortgage pre-approval provides you with a clear idea of your budget, helps you narrow down your home search, and makes you a serious contender in the eyes of sellers. What is a mortgage pre-approval?

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Pre-approval Mortgages Loan Officer Loans 54

Housing Wire

OCTOBER 28, 2024

Fluctuating interest rates and a fast-changing market Last month, we saw the Federal Reserve deliver their long-awaited decision to lower interest rates with a 50 basis points cut, and 30-year mortgage rates reached as low as 6.08% according to ICE’s 30-year fixed conforming rate index.

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Loan Officer Pre-approval Technology Loans 378

Housing Wire

JANUARY 26, 2022

Tomo , a fintech mortgage startup run by former Zillow executives, is expanding its presence, announcing this week that it will now serve borrowers in Florida, Connecticut and Colorado. And they’re looking to capitalize on higher home prices and the market for jumbo mortgages. Presented by: Mr. Cooper. the fintech company said.

Mortgages 319

Mortgages VA loan Pre-approval Lending 319

Housing Wire

APRIL 4, 2022

million for the mortgage lending operation in its quest to provide customers “a one-stop shop” where they can buy, sell, rent and finance a home, according to a news release from the company. Before the acquisition of Bay Equity was completed, Redfin laid off 121 staffers in its mortgage division. Presented by: 1000watt.

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Closing Mortgages Loan Officer Pre-approval 368

Housing Wire

JANUARY 31, 2023

Scott Miller, a former mortgage loan originator at Sprout Mortgage , knew the clock was ticking when the non-qualified mortgage (non-QM) lender abruptly closed doors in July 2022. Up to 30% of the 1,000 largest independent mortgage banks projected to disappear by the end of 2023 via sales, or failures.

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Loans Mortgages Loan Officer Pre-approval 396

Housing Wire

JULY 12, 2022

California-based Pennymac launched a product that can freeze mortgage rates as many as 90 days, in a bid to attract more borrowers to the market amid volatile rates. Pennymac is the latest mortgage lender to freeze rates for borrowers. The product does not require a property address to guarantee a mortgage rate.

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Mortgages Pre-approval Loans Closing costs 384

Housing Wire

MAY 3, 2024

Thanks to high mortgage rates , mortgage refinance rates, and even higher home prices , the vibe among homebuyers has been fairly bleak these past couple months. If buyers feel they are paying top dollar due to increasing mortgage rates, they want their new home to be in move-in-ready condition.

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Pre-approval Lending Inspection Equity 358

Housing Wire

AUGUST 7, 2020

In today’s low-rate environment, wholesale mortgage lending continues to grow, making up more than 20% market share. Three independent wholesale brokers discuss how they found success in the wholesale channel during a HousingWire webinar on Thursday titled: ”Taking the Mortgage Boom to the Next Level.”.

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Mortgages Loan Officer Lending Pre-approval 368

Housing Wire

JUNE 20, 2024

A few weeks later the Mortgage Bankers Association released its Quarterly Mortgage Bankers Performance Report , underscoring my point with some truly grim figures. And employment verification is just one of dozens of mortgage cost centers. Inertia within lending institutions poses a formidable barrier.

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Loan Officer Pre-approval Technology Lending 377

Housing Wire

APRIL 8, 2021

Get pre-approved to show you mean business: Consider obtaining a pre-approval for a mortgage from a lender by the time you reach the offer stage, as this document can play a key role in the negotiation process. Second, it allows you to tailor your offer to each individual house you put an offer on.

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Pre-approval Inspection Lending Staging 468

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. Our partnership enables an end-to-end home lending experience.

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Mortgages Pre-approval Lending Loans 259

Housing Wire

MAY 26, 2022

To verify the borrower’s employment, Freddie Mac’s asset and income modeler will draw data from bank accounts for direct deposit, with the borrower’s approval, or from payroll data provided by third-party service providers. Deeper asset history unlocks new lending opportunities. The option will be available starting June 1.

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Closing Pre-approval Lending Banks 434

Keeping Current Matters

DECEMBER 1, 2021

Pre-Approval: the Best Opening Play To Make as a Homebuyer. And the best move you can make when you begin your home search is getting pre-approved by a lender. You’ve probably already heard this is an important step, but what exactly is pre-approval and what benefits does it provide you? Bottom Line.

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Pre-approval Marketing Loan Officer Lending 275

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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Pre-approval Mortgages Development Lending 528

Maximum Exposure Real Estate

AUGUST 15, 2023

What is The Time Frame to Get Mortgage Preapproval Mortgage pre-approval is an essential step in the home-buying process. It provides an initial indication of how much a lender is willing to lend you for a home.

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Pre-approval Mortgages Lending 98

Marco Santarelli

NOVEMBER 5, 2024

In a year where mortgage rates have returned to over 7% , it's astonishing to reveal that nearly half of recent home buyers managed to secure a mortgage rate below 5%. According to a recent Zillow survey , approximately 45% of buyers using financing successfully obtained these favorable mortgage rates.

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Pre-approval Mortgages Finance Due diligence 52

Marco Santarelli

NOVEMBER 20, 2024

months of national housing supply (NAR) Pre-2008 Crash: A significant surplus of foreclosed homes flooded the market Guarding the Gates: Stricter Mortgage Lending Another crucial safeguard against a crash is the significant tightening of mortgage lending standards since 2008.

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Pre-approval Marketing Lending Mortgages 52

Inman

FEBRUARY 15, 2024

Borrowers can use the company's Tinman platform to see their rates and get pre-approved in minutes, and may qualify to buy with no down payment.

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VA loan Pre-approval Loans Mortgages 170

HomeLight

DECEMBER 27, 2023

Speaking with a mortgage lender — or several — before you buy a home shows that you’re a serious consumer, but talking with one of these experts before you sell a house also has several benefits. That starts with determining what it will take to pay off your mortgage. Learn More 1.

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Pre-approval Mortgages Principal Equity 111

Housing Wire

AUGUST 23, 2023

Better faced the deterioration of the mortgage market due to surging rates. Better plans to be a mortgage marketplace that sells its technology platform to other companies. In January 2023, Better announced a One-Day Mortgage. Better claims that it funded more than $100 billion in mortgage volume in six years since launch.

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Closing Pre-approval Finance Title 359

Lighter Side of Real Estate

JANUARY 24, 2024

Unless you come into a windfall of money, most people need to get a mortgage in order to buy a home, so getting a mortgage pre-approval to find out how much a lender will allow you to spend is the first step. Sure, a landlord can evict you, and a mortgage company can foreclose on you.

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Pre-approval Debt-to-income ratio Pre-qualification Mortgages 105