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Blend’s soft credit pull function supports Fannie Mae’s DU early assessment

Housing Wire

DU early assessment gives lenders more options for their pre-qualification process in DU. Early assessment in Desktop Underwriter can provide lenders with increased certainty during their pre-qualification process, which benefits borrowers as well,” said Mark Fisher, vice president of single-family credit risk solutions at Fannie Mae.

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How loan originators survived a cutthroat mortgage business in 2023

Housing Wire

I’ve got several pre-approvals out there where people just can’t find what they want and the rates are throwing them off,” Don Monson, branch manager at Sente Mortgage , said of the challenges he faced in 2023. The lack of inventory led to rising home prices, creating multiple-offer situations in some parts of the country.

Loans 459
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The surprising future of mortgage technology

Housing Wire

Rocket Mortgage may offer its prospects an easy button, but a very low percentage its borrowers actually meet the qualifications to complete the process in a fully digital manner. residential real estate business. No other industry in the world has recovered as quickly or completely as the U.S.

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How to Become a Real Estate Agent in Illinois (IL) in 5 Steps

Housing Wire

How getting a real estate license in Illinois is different from other states While most states call the professional who represents a buyer or a seller of commercial or residential real estate a “real estate agent,” Illinois calls this individual a “real estate broker.” 2] DID YOU KNOW?

Agents 448
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Understanding Residential Appraisals: The Homeowner’s Essential Guide

HomeLight

Waiting for the results of a residential appraisal can make you teeter between anxiety—“They said our house is worth what?”—and Consider this your residential appraisal walkthrough, covering an appraiser’s general qualifications, how these professionals calculate value, and some common misperceptions about residential appraisals.

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How Long Does It Take to Buy a House?

Realtor.com

Step 1: Getting mortgage pre-approval. Step 1: Get pre-approved for a mortgage. Your first step shouldn’t be to check out homes; it should be to get mortgage pre-approval from a mortgage lender or broker. Keep in mind that mortgage pre-approval is different than mortgage pre-qualification).

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Getting the Listing: How to Stand Out From the Crowd and Beat the Competition

HomeLight

This week on The Walkthrough , Barrett Spray introduces you to his team’s “pre-listing box” and their tag-team approach to meeting new sellers. Lots of agents have a pre-listing package, and it’s a file or a folder of some sort that says, you know, this is who we are and this is what we do. Very little.