Housing Wire

DECEMBER 6, 2024

Save time with pre-written newsletters from Market Leader Don’t have time to write three or more newsletters every month? For example, tips on home staging for a quick sale, how to get top dollar for a property, or advice on how to improve curb appeal are all topics that a seller might be interested in. Need some great ideas?

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Pre-approval Design Industrial Agents 397

Housing Wire

MAY 8, 2023

announced on Monday that it has integrated its next-generation point of sale system, The BIG Point of Sale, on the latest API Platform available through ICE Mortgage Technology , a division of Intercontinental Exchange, Inc. Fintech software and hardware company Mortgage Automation Technologies, Inc.

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Technology Sales Mortgages Pre-approval 396

Housing Wire

JANUARY 31, 2025

Just a few years later, I was breaking sales records, and at age 27, I was on the cover of Realtor Magazines 30 Under 30. of Regulatory Agencies or DORA) requires all students to complete an approved course of study totaling 168 class hours. Little did I know this class would change the entire trajectory of my life.

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Pre-approval Brokerage Due diligence As-is 338

Housing Wire

NOVEMBER 20, 2023

Under current guidelines, sellers pay a 5-6% commission on a sale which is split between the buyer and listing agents. 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.

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Pre-approval Agents Loan Officer Seller concession 482

Keeping Current Matters

NOVEMBER 17, 2020

However, one challenge for the housing industry heading into this winter is the dwindling number of homes available for sale. According to NAR : “Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.”. Be patient during your home search.

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Sales Pre-approval Industrial Mortgages 313

Housing Wire

FEBRUARY 19, 2025

Secure a mortgage pre-approval As a rule of thumb, its best to have your clients obtain a mortgage pre-approval prior to setting up any searches and conducting property tours. Required documentation Save your clients some time by providing them with a list of the documents theyll need to get pre-approved.

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Closing Earnest money deposit Due diligence Pre-approval 248

Housing Wire

APRIL 12, 2024

The median sale price was $378,250, up 4.5% starter home, up 8% from a year ago and up nearly 100% from pre-pandemic figures, Redfin reported. Redfin commissioned Qualtrics to survey 3,000 U.S. residents, including about 1,000 renters, in February 2024. During the four weeks ending April 7, the median monthly U.S.

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Pre-approval Equity Mortgages Sales 487

Housing Wire

SEPTEMBER 2, 2022

has unveiled the latest version of its proprietary artificial-intelligence (AI) platform, called Morgan, which enables the lender to convert pre-approved, property-specific home loans into tradable non-fungible tokens (NFTs). Loan originator and servicer Sun West Mortgage Co.

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Technology Earnest money deposit Loans Pre-approval 95

Keeping Current Matters

AUGUST 31, 2020

With so few houses for sale today and low mortgage rates driving buyer activity, bidding wars are becoming more common. Multiple-offer scenarios are heating up, so it’s important to get pre-approved before you start your search. Buyers who are pre-approved are definitely a step ahead when it’s time to make an offer.

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Pre-approval Sales Mortgages As-is 337

Housing Wire

MARCH 30, 2021

At HousingWire’s 2021 Annual Spring Summit, CreditXpert VP of Sales and Client Success Matt Hydrew and T odd Worthington , director of qualification support at Bank of England, discussed top-of-the-funnel strategies lenders can use to help borrowers gain a better understanding of their credit score. Or, give up looking altogether.

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

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.

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Loans Pre-approval Closing Marketing 418

Housing Wire

SEPTEMBER 21, 2023

The PowerVP app will create new loans; invite customers to complete a digital mortgage; send a one-click conditional approval letter; lock in rates ; obtain real-time pricing and run a credit report, the company said in a release. It’s now entirely possible for us to qualify buyers for their dream home by the time they leave the open house.

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Pre-approval Loans Finance Mortgages 435

Housing Wire

FEBRUARY 1, 2023

Opportunity for buyers For buyers looking at a growing number of homes for sale and retreating prices across the housing market, there is hope that this year will offer more opportunities. Existing home sales declined over the past 12 months, dropping from an annualized rate of 6.5 That marks the slowest pace since 2010.

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Pre-approval Mortgages Banks Investor 418

Housing Wire

DECEMBER 13, 2024

While buyback volumes remain well below their 2022 peak, they are still elevated compared to pre- pandemic levels. The added cost pours salt in the wound for credit unions, banks, and independent mortgage bankers , who are already recording average pre-tax losses of $534 per loan origination.

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Pre-approval Investor Loans Technology 370

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 289

Housing Wire

FEBRUARY 23, 2023

LenderLogix, a provider of mortgage automation software and application programming interfaces (APIs), has launched LiteSpeed, a white-label streamlined point-of-sale (POS) system that serves small- to mid-sized mortgage lenders. The company was featured in HousingWire’s Tech 100 in 2022.

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Pre-approval Loans Closing costs Branding 393

Housing Wire

MARCH 29, 2023

“Purchase applications remain over 30% behind last year’s pace, but recent increases, along with data from other sources showing an uptick in home sales, is a welcome development.” New home sales also climbed in February for the third straight month, according to the U.S. February’s new home sales showed an uptick of 1.1%

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Mortgages Pre-approval Banks Loan Officer 435

Housing Wire

OCTOBER 22, 2023

Texas residents interested in becoming a real estate agent must first complete 180 hours of approved coursework to be eligible to sit the state licensure exam. Additionally, a Texas real estate sales agent must be sponsored by a licensed broker in order to perform any real estate services on behalf of their clients. How much exactly?

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Pre-approval Pre-qualification Brokerage Agents 435

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.

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Loans Pre-approval Marketing Staging 432

Housing Wire

NOVEMBER 30, 2022

Borrower Digital is Black Knight’s point-of-sale (POS) solution that is built using responsive-design to be used easily from any web-enabled device. Borrower Digital is further enhanced with Black Knight’s companion solution Loan Officer Digital.

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Loan Officer Pre-approval Technology Loans 435

Housing Wire

NOVEMBER 18, 2022

A sale of TitlePoint is expected ahead of Black Knight’s planned blockbuster acquisition by Intercontinental Exchange , Inc. . The pending sale is a result of a 2014 agreement that allowed FNF to repurchase TitlePoint in the event of a change in control of Black Knight. “In billion, down from $2.9

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Title Pre-approval Investor Mortgages 435

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.

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Loans Pre-approval Loan Officer Mortgages 370

HomeLight

OCTOBER 28, 2024

A quick turnover can signal strong demand, potentially leading to a faster sale at a favorable price. You can check real estate websites or consult with a local agent to get an idea of average days on market and recent sale prices. You can also view other homes for sale in your neighborhood. (As What is the 5-year rule?

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Pre-approval Debt-to-income ratio Equity Loans 110

Housing Wire

JUNE 24, 2021

The new features not only answer what someone’s home is worth, it also presents estimates of how much equity the homeowners have, ideas and tips of what they can do with that equity, and how they can get pre-approved to tap into their equity. For more information, visit getbuyside.com or email sales@getbuyside.com.

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Pre-approval Equity Loan Officer Brokerage 414

Keeping Current Matters

SEPTEMBER 15, 2021

Multi-offer scenarios and bidding wars are the norm due to the low supply of houses for sale and high buyer demand. The best way to understand your numbers is to work with a lender so you can get pre-approved for a loan. Speed and the pace of sales are contributing factors to today’s competitive housing market.

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Inspection contingency Pre-approval Inspection Agents 323

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. Barton also declared Zillow would be “cash flow positive” after completing the sales. Presently, Zillow reports $3.1

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Pre-approval Mortgages Agents Finance 418

Housing Wire

SEPTEMBER 30, 2021

Originators can even order credit, run pricing, send pre-approvals, sign disclosures, and execute closings all on the go with full integration with their loan origination system (LOS). Nexus Origination features bi-directional data sync and automatic data push to a lender’s LOS for added time savings and information integrity.

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Pre-approval Loans Staging Closing 397

Housing Wire

JUNE 16, 2022

neighborhood, housing market, Fall, homes, new house sales, forbearance. 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.”. Existing home sales dropped 2.4%

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Marketing Fixed-rate mortgage Loan Officer Pre-approval 448

Keeping Current Matters

NOVEMBER 30, 2020

The best way to know this is to reach out to your lender to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Be a Flexible Negotiator.

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Inspection contingency Pre-approval Inspection Staging 339

Keeping Current Matters

MARCH 15, 2021

The best way to know this is to get pre-approved for a loan early in the homebuying process. Only 44% of today’s prospective homebuyers are planning to apply for pre-approval, so be sure to take this step so you stand out from the crowd. Stay Flexible in Negotiations.

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Inspection contingency Pre-approval Inspection Staging 332

Housing Wire

JANUARY 13, 2023

Just two weeks into 2023, Guaranteed Rate ‘s top LO and managing director Ben Cohen has also seen an increase in inbound calls from buyers wanting pre-approval for mortgages. Ben Cohen: I’ve definitely seen an increase in inbound calls from people wanting to get pre-approved to buy a home. billion in 2021.

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Pre-approval Marketing Seller concession Mortgages 418

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.

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Lending Loans Pre-approval Loan Officer 418

Keeping Current Matters

SEPTEMBER 30, 2020

There Are Not Enough Homes for Sale. In the latest Existing Home Sales Report , the National Association of Realtors (NAR) announced that there were only 1.49 million units available for sale. This means in the majority of the country, there aren’t enough homes for sale to satisfy the number of buyers. from one year ago.

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Pre-approval Finance Sales Loans 346

Housing Wire

FEBRUARY 9, 2022

and get a pre-approval for a mortgage from the comfort of your own laptop. Yet, there remains a dark cloud over the general perception of the part of the process that occurs somewhere between the signing of the sales agreement and the exchange of house keys — the mortgage approval and settlement/closing process.

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Industrial Purchase and sale agreement Pre-approval Banks 418

Housing Wire

MAY 10, 2023

For prospective home buyers and sellers, that could mean a gradual decline in mortgage rates , which would unlock inventory and—dare I say—sales activity. 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.

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Loan Officer Pre-approval Marketing New Construction 397

Keeping Current Matters

JANUARY 28, 2021

One challenge to the housing industry, however, is the lack of homes available for sale today. Last week, the National Association of Realtors (NAR) released their Existing Home Sales Report , which shows that the inventory of homes for sale is currently at an all-time low. month supply at the current sales pace , down from 2.3

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Pre-approval Construction Sales Mortgages 330

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. Housing is not overvalued: If housing is appropriately valued, house-buying power should equal or outpace the median sale price of a home.

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