Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officer 368

Loan Officer Marketing Pre-approval Fixed-rate mortgage 368

Housing Wire

NOVEMBER 30, 2022

The solution leverages the power of innovative, integrated technologies to not only simplify the mortgage application and approval process for borrowers, but also to improve the backend process for loan officers. Borrower Digital is further enhanced with Black Knight’s companion solution Loan Officer Digital.

Loan Officer 428

Loan Officer Pre-approval Technology Loans 428

Housing Wire

MARCH 30, 2021

By implementing a credit process, lenders have the ability to help borrowers get approved for a loan – even after they were previously declined. Some borrowers may qualify for a loan, but due to poor credit, the loan won’t come with the best terms. If an interest rate is too high, borrowers might look elsewhere.

Pre-qualification 468

Pre-qualification Debt-to-income ratio Pre-approval Loan Officer 468

Housing Wire

MARCH 23, 2023

While high interest rates and home prices drove up mortgage payments and application payments, loan officers are seeing bidding wars due to a lack of inventory issues.

Mortgages 409

Mortgages Pre-approval Fixed-rate mortgage Loan Officer 409

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?

Pre-approval 55

Pre-approval Mortgages Loan Officer Loans 55

Housing Wire

OCTOBER 1, 2024

Pre-CTC review processes : In a proactive shift, some lenders are moving their QC efforts earlier in the loan process, conducting pre-clear-to-close (CTC) reviews. One critical shift is the adoption of pre-funding QC reviews. This year, we’ve implemented a new pre-close audit before our underwriters finalize the loan.

Loans 392

Loans Pre-approval Marketing Staging 392

Housing Wire

NOVEMBER 30, 2021

To address these lender needs, Black Knight developed Borrower Digital – a point-of-sale solution that delivers a single, fully integrated and customer-facing mortgage loan application solution. The combination of these powerful technologies provides an enhanced experience for borrowers throughout the mortgage loan application process.

Loans 359

Loans Pre-approval Loan Officer Mortgages 359

Housing Wire

MAY 10, 2023

This has serious consequences for real estate agents and loan officers alike, since it’s usually a zero sum game. I sent pre-approvals two-to-three times a day, and then there are 30-plus offers on the homes and I virtually never get contracts,” one veteran loan officer told HW in late March.

Loan Officer 392

Loan Officer Pre-approval Marketing New Construction 392

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 273

Housing Wire

SEPTEMBER 27, 2021

Exponentially increase your loan officers’ origination potential without incurring additional expense? Examiners such as the CFPB and FDIC provide stringent oversight of digital activity, and mistakes can cost you and your loan officers dearly. Sounds too good to be true, doesn’t it?

Loan Officer 370

Loan Officer Loans Pre-approval Development 370

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. To combat this, loan officers must be incentivized to embrace innovation. Inertia within lending institutions poses a formidable barrier.

Loan Officer 425

Loan Officer Pre-approval Technology Lending 425

Housing Wire

APRIL 12, 2022

LO Toolkit supports loan officers on all key workflows across the entire loan process in one workspace, enabling them to be trusted advisors and operate more efficiently. It provides teams the power to close more loans, faster while reducing origination costs. Enable side-by-side loan scenarios. #3. LO ToolKit.

Pre-approval 275

Pre-approval Loan Officer Loans Closing 275

Housing Wire

JULY 4, 2024

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. By embracing new ways of thinking and running our businesses, we can help clients achieve their dreams.

Pre-qualification 474

Pre-qualification Pre-approval Seller concession Finance 474

Housing Wire

APRIL 4, 2022

22, according to the news release.The move allows Redfin agents in 91 markets to begin referring customers to one of 400 local Bay Equity loan officers as of Monday. Loan officers will continue “originating refinance and purchase loans for customers working with Redfin agents as well as customers working with other brokerages.”.

Closing 370

Closing Mortgages Loan Officer Pre-approval 370

Housing Wire

JANUARY 27, 2023

The lender runs its business based on a “no-loan-officer” model in which all of its 45 employees are licensed and delegated to a specific role in closing a loan. Back in the 2007-2009 meltdown, we had loan officers with us at that time.

Lending 416

Lending Loans Pre-approval Loan Officer 416

Housing Wire

MAY 8, 2023

The BIG Point of Sale features an Encompass integration with an interface module that enables a loan to deep link from The BIG Point of Sale web portal directly into the Encompass loan file from a mobile device. This eliminates the need for a secondary loan repository outside of Encompass by ICE Mortgage Technology.

Technology 367

Technology Sales Mortgages Pre-approval 367

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. I know that sounds crazy, but we have a lot of clients reaching out for pre-approvals. But [production] levels are not pre-pandemic.

Loans 402

Loans Pre-approval Closing Marketing 402

Housing Wire

DECEMBER 28, 2023

In his 20 years in mortgage banking, no year has compared to 2023 in terms of difficulty, said Ben Cohen, Guaranteed Rate ’s managing director and a top-producing loan officer. It was another brutal year, pushing loan originators to work longer hours, close loans faster while diversifying their mortgage product offerings.

Loans 459

Loans FHA loan Mortgages Loan Officer 459

Housing Wire

DECEMBER 22, 2020

Adjustable-rate loans have interest rates that fluctuate after a certain amount of time. Pre-approval. Link up with an experienced loan officer or mortgage broker , and tap their expertise when you’re confused or need help. This is sometimes called “prequalification,” depending on your mortgage lender.

Fixed-rate mortgage 448

Fixed-rate mortgage Pre-approval Mortgages Loan Officer 448

Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

FHA loan 370

FHA loan Debt-to-income ratio Pre-approval Loan Officer 370

Housing Wire

FEBRUARY 15, 2023

Steinway is the sole loan officer in his branch and is supported by the rest of his five team members, who primarily focus on marketing its realtor relationships. Closing just shy of $100 million of production in 2022, he’s aiming for a higher loan origination volume in 2023.

Mortgages 368

Mortgages Pre-approval Lending Loan Officer 368

Housing Wire

FEBRUARY 11, 2022

Apart from selling produce that is popular in former Soviet countries, these stores represent a marketing opportunity for Alex Naumovych, a loan officer at Draper and Kramer Mortgage Corporation. The pastor of the Ukrainian church is currently looking to buy a house and I’m working on his pre approval.”.

Loan Officer 418

Loan Officer Marketing Pre-approval Mortgages 418

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. It also underwrites conventional loans and works as a marketing tool for LOs.

Loans 416

Loans Mortgages Loan Officer Pre-approval 416

Housing Wire

MARCH 29, 2023

While lower cost of capital will likely bring buyers back in a meaningful way, the latest market instability and the Federal Reserve ’s federal funds rate hike will stress a lot of real estate agents, mortgage advisors and lenders to the core, said Daniel Arias, loan officer at We Fund LA , a division of New American Funding.

Mortgages 435

Mortgages Pre-approval Banks Loan Officer 435

Housing Wire

JUNE 16, 2022

The Federal Reserve ’s 75 basis point interest rate hike – its largest since 1994 – proves the central bank is laser-focused on slowing inflation, but loan officers and housing economists don’t expect mortgage rates to come down until consumer prices fall. There’s still demand for homes, loan officers told HousingWire. “I

Marketing 448

Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Housing Wire

SEPTEMBER 26, 2023

The API, which utilizes Loan Product Advisor (LPA) AIM independent of an LPA submission, enables Freddie Mac-approved sellers and third-party originators to get a preliminary view of a borrower’s qualifying asset, income and employment before submitting a full application to LPA.

Pre-approval 399

Pre-approval Mortgages Loans Industrial 399

Housing Wire

SEPTEMBER 22, 2022

Loan officers get an up-close look at how much shoppers and capital-strapped buyers are getting priced out in the rate-rising environment. Will Savage, a loan originator at PMC Mortgage , sees many pre-approved clients having to get reapproved for a mortgage based on the rate increases.

Mortgages 448

Mortgages Loan Officer Pre-approval Fixed-rate mortgage 448

Housing Wire

JANUARY 4, 2024

A lot was built around those foundational technologies for what we have today in the Mello system, in the stack that our loan officers love and appreciate. And it could be very simple, just thinking about, what’s the next best opportunity for a loan officer?

Technology 390

Technology Loan Officer Pre-approval Loans 390

Housing Wire

AUGUST 7, 2020

Because as loan officers, they believe that there’s nothing better than a broker channel, and to them this is most important for their consumers,” said Kortas. “We Kortas said he actually trains his competition and his licensing team helps loan officers get licenses because that will make the environment stronger in the long run.

Mortgages 370

Mortgages Loan Officer Lending Pre-approval 370

Realtor.com

NOVEMBER 11, 2022

Here are more step-by-step home-buying details, including information about down payments, closing costs, mortgage rates, pre-approved mortgages, and more. Step 2: Qualify for a home loan or loan pre-approval. Step 3: Learn how a loan officer can help.

Pre-approval 131

Pre-approval Pre-qualification Debt-to-income ratio Loan Officer 131

Housing Wire

JUNE 24, 2021

Buyside helps real estate agents and loan officers engage homeowners with not just home value tools but also branded wealth optimization tips on their home’s equity so homeowners can now truly view their home as an asset. According to NAR over 69% of buyers have a home to sell, so really homeowners represent the earliest buyer.

Pre-approval 368

Pre-approval Equity Loan Officer Brokerage 368

Housing Wire

DECEMBER 6, 2022

So, about two weeks before the closing was scheduled to take place, the builder reaches out to me and was like, ‘The loan officer on your client’s file got laid off and we are assigning a new one to it.’ Fahad Janvekar, a loan officer at Fairway Independent Mortgage.

Loan Officer 370

Loan Officer Pre-approval Loans Agents 370

Housing Wire

OCTOBER 5, 2021

Lead management needs to meet borrower experience, and borrower experience and loan officer experience should unify in one platform. With the Financial Services Cloud industry data model, users can accelerate innovations leveraging automation, workflows, triggers, journeys and approvals.

Mortgages 306

Mortgages Pre-approval Lending Loans 306

Housing Wire

FEBRUARY 21, 2023

How origination modernization benefits lenders The mortgage application and pre-approval processes have been digitized for some time, to the benefit of borrowers and lenders alike. Streamlining operations Once a borrower is approved for a mortgage loan, the process should run like clockwork.

Pre-approval 357

Pre-approval Technology Title Inspection 357

Realty Biz

DECEMBER 20, 2021

According to a new report, choosing the right lender or loan officer is by far the most important decision you will make when entering into a new home transaction. Pre-approval. When you’ve decided which lender to use, you need to begin the pre-approval process. Finding that Perfect House.

Pre-approval 111

Pre-approval Loan Officer Loans Finance 111

HomeLight

JULY 30, 2024

Apply for the loan: Work with an FHA-approved lender to complete your reverse mortgage application and obtain pre-approval. Closing: Once the loan is approved, you’ll go through the closing process, which involves signing the final paperwork and making your down payment.

Mortgages 115

Mortgages Pre-approval Equity Loans 115

Housing Wire

NOVEMBER 8, 2021

Alex Naumovych, a loan officer at Draper & Kramer , has noticed similar trends in his work at a lender. Often times I’ll come in on a Monday and I’ll have emails saying that clients put offers in on homes and had them accepted even though we didn’t write up a pre-approval level,” Naumovych said.

VA loan 418

VA loan Agents Pre-approval Debt-to-income ratio 418