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 402

Loans Pre-approval Marketing Staging 402

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 Nichols pointed out that after the 2008 financial crisis, wholesale lending began using technology that helped match pace with the processes of retail lenders.

Mortgages 370

Mortgages Loan Officer Lending Pre-approval 370

Housing Wire

JANUARY 4, 2024

But for a technology executive, coming in at a time like that is where you get to pull back and calibrate with the executive team on what’s really important. As a 14-year-old company, there’s a lot of technology and it was a great opportunity for me to come in and look at the foundational technologies the company was built on.

Technology 402

Technology Loan Officer Pre-approval Loans 402

Housing Wire

SEPTEMBER 14, 2020

The mortgage industry, in general, has lagged behind other industries in terms of maximizing the benefits of new technologies. While other industries have learned to deliver high levels of customer engagement and satisfaction to online consumers, too many lenders are still originating loans much as they were 20 years ago.

Lending 488

Lending Mortgages Technology Loans 488

Housing Wire

MAY 12, 2022

Technology has been the focal point of that evolution more out of necessity than some consensus that homebuyers don’t want to interact with their lenders at all. Customer-facing technologies, particularly loan origination and decisioning software, are now standard in mortgage lending’s tech stack. This is not an Amazon order.

Lending 359

Lending Marketing Pre-qualification Pre-approval 359

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. 60% cited speed.

Pre-approval 363

Pre-approval Technology Title Loans 363

Housing Wire

DECEMBER 20, 2022

He built features that cater to realtors’ needs – such as weekly updates on the housing market, daily alerts of mortgage rates and keeping real estate agents informed of borrowers’ pre-approval status. I think I built a very good system – good process and good technology. CK: Has there been layoffs at Loan Factory as well?

Loan Officer 74

Loan Officer Loans Pre-approval Technology 74

Housing Wire

OCTOBER 5, 2021

HW: What are some challenges lenders are facing when it comes to streamlining loan applications, particularly in this heavy purchase environment? Geoff Green: Streamlining loan applications should be getting easier as more and more mortgage technology enters the marketplace, but that is not always the case.

Mortgages 317

Mortgages Pre-approval Lending Loans 317

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 408

Pre-approval Mortgages Loans Industrial 408

Housing Wire

AUGUST 29, 2022

Ishbia is confident his firm can benefit from this trend by cutting prices for brokers and bringing more retail loan officers to its wholesale channel, whose market share currently stands at around 20%. He’s trying to drive more volume to speed those costs across and to say to his brokers that we’re in the fight with you.”.

Loan Officer 435

Loan Officer Loans Equity Mortgages 435

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

AUGUST 27, 2021

The story, “The secret bias hidden in mortgage-approval algorithms,” included statements from fair housing activists who concluded that there is “systemic racism” in the mortgage process. When I started my career as a loan officer, there were no credit scores. The problem is that the old process resulted in racial bias as well.

Debt-to-income ratio 446

Debt-to-income ratio Purchase and sale agreement Pre-approval Loans 446

Housing Wire

AUGUST 31, 2020

Even as lenders make significant investments in new technology and digital infrastructure, they continue to struggle with increasing costs per loan and time-to-close metrics. And it’s Day 1 Certainty approved.”. But we don’t.

Pre-qualification 245

Pre-qualification Pre-approval Loan Officer Loans 245

HomeLight

OCTOBER 26, 2021

But that is only a preliminary step to getting final approval for a mortgage. We’ve asked Richard Helali, Loan Officer and Sales Lead at HomeLight Home Loans , to pull back the curtain to explain what happens during mortgage underwriting. loans through its technology. The last step is the approval process.

Pre-approval 104

Pre-approval Mortgages Loans Loan Officer 104

Realty Biz

JANUARY 19, 2024

This documentation will be necessary when applying for a mortgage pre-approval. It's advisable to reach out to multiple lenders and obtain pre-approval. This will give you a better understanding of the loan amount you qualify for and the potential monthly payments. Next, examine your credit score and history.

Debt-to-income ratio 100

Debt-to-income ratio Pre-approval Purchase and sale agreement Inspection 100

Real Trends

DECEMBER 5, 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. Trouble in partnership paradise.

Lending 95

Lending Agents Loan Officer Pre-approval 95

HomeLight

MAY 10, 2022

Operates as a technology-driven brokerage. Founded in 2004 , Redfin is a technology-driven real estate brokerage that lists homes for a lower commission of 1%-1.5%. However, this rebate isn’t legal in all states and is subject to lender approval and minimums. HomeLight Home Loans : HomeLight Home Loans is a mortgage lender.

Brokerage 115

Brokerage Agents Pre-approval Sales 115

Realty Biz

DECEMBER 13, 2022

Flyhomes is a technology company focusing on real estate brokerage that helps home buyers, sellers, and agents work together to get the job done. Here are the steps of how Flyhomes’ Buy & Sell solution works: Flyhomes offers its buyers a pre-underwriting process that gives them enough money to make an offer on a home.

Pre-approval 67

Pre-approval Closing costs Loans Technology 67

Housing Wire

JANUARY 7, 2025

Keep track of tasks and responsibilities for loans in process. However, in my experience, most loan officers needs fall within these categories. For example: Leads Loans in Process Referral Partner Prospects Recruiting Some variations can occur.

Pre-approval 397

Pre-approval Staging Loan Officer Loans 397

Notorious ROB

DECEMBER 19, 2022

To be fair, there were a number of big announcements, but the one I honed in on was this one: We plan to overhaul our current mortgage funnels away from third-party lead generation and toward Zillow Home Loans , and bolster our loan officers’ tools and capabilities to help the customers who come their way. I think that happens.

MLS 79

MLS Agents Pre-approval Brokerage 79