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How to negotiate your home purchase offer

Housing Wire

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. If they have a working relationship, they can usually get those things done pretty quickly.”.

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Proactive quality control for lenders: How to navigate market shifts, regulatory changes and improve loan quality

Housing Wire

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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Lenders must address repurchase risk before they go bust

Housing Wire

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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5 Tips for Homebuyers Who Want to Make a Competitive Offer

Keeping Current Matters

Here are five keys to success for this important stage in the homebuying process. 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. Listen to Your Real Estate Agent.

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Nexus Origination features a native mobile experience for originators and borrowers

Housing Wire

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). Cathleen Schreiner Gates has been driving accelerated growth at an early stage and global software-as-a-service (SaaS) organizations for 35 years.

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How to Make a Winning Offer on a Home

Keeping Current Matters

Here are five tips for success in this critical stage of the homebuying process. 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.

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Mortgage Pre-Qualification vs. Pre-Approval: What’s the Difference?

HomeLight

Like pre-qualification or pre-approval. Let’s lay it all out: How pre-qualifications and pre-approvals are similar Pre-qualifications and pre-approvals have a few things in common. Learn More What’s a pre-qualification? And voila, within minutes, you have a pre-qualification.