Loan Officer Loans Pre-approval 
Housing Wire
OCTOBER 28, 2024
Moreover, the older the loan, the more likely the borrower would refinance elsewhere. Equally important is the ability to proactively and automatically detect within an existing customer database who is ready to buy, so loan officers can reach out to those borrowers before they even act.
Housing Wire
MARCH 6, 2023
The combination of an economic uncertainty, high mortgage rates and persisting affordability challenges will further reduce purchase demand, which keeps Monson and thousands of loan officers up at night. I see a lot more low credit scores, funky income, foreign nationals or bank statement loans,” he said. ” Monson said.
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Housing Wire
APRIL 4, 2025
In his view, these LOs are getting paid on the terms of the loan, which he and more than one industry lawyer I spoke to believes is a violation of LO Comp rules. So if you’re dealing with a customer who is not savvy, then you can shove a loan down their throat and generate thousands upon thousands.
Housing Wire
JUNE 6, 2023
and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Valenzuela has been able to create a high pull-through closing after retaining pre-approved clients thanks in part due to weekly check-ins with his clients.
Keeping Current Matters
JUNE 22, 2021
You may have been told that it’s important to get pre-approved at the beginning of the homebuying process, but what does that really mean, and why is it so important? Pre-approval from a lender is the only way to know your true price range and how much money you can borrow for your loan. Bottom Line.
Keeping Current Matters
AUGUST 27, 2020
You may have heard that pre-approval is a great first step in the homebuying process. So, before you start shopping around, it’s helpful to know your price range, what you’re comfortable within a monthly mortgage payment, and ultimately how much money you can borrow for your loan. But why is it so important? Bottom Line.
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. No matter what it looks like, buyer agents will be working for less and this is where trailing risk for loan officers comes in.
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