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As industry analyst Mike Delprete put it in a recent blog post , both firms are now in search of the holy grail of real estate: a one-stop shop that combines home search, buy & sell, financing, and title insurance. Rocket’s strength in mortgage But when it comes to mortgage, Rocket has the clear advantage.
BLOG VIEW: The Federal Open Market Committee (FOMC) on Sept. Traditionally, they would would ramp up hiring – more loanofficers, processors, and contract underwriting. 18 announced its decision to cut the Fed Funds rate by half a percentage point. It was the first rate cut since the early days of the pandemic.
Inman News first reported on the layoffs , which were initially referenced in a colorful and revealing 1,700-word blog post complete with photos, tables, charts, and graphs on Black’s personal website. It was in December that Knock floated a pay cut for its loanofficers, before rolling back the plan.
Mortgage , which has 330 sponsored loanofficers across 39 active branches, expects that most credit bureaus will raise their prices as well. “By Putting it into perspective Jim Wehmann, executive vice president of scores at FICO, wrote in a recent blog post that the $4.95 per score—equating to $4.35 per borrower and $8.70
Yesterday, the lender sent me some sales that the loanoffice obtained from the builder, that were supposed to support a higher opinion of value. You can also listen right here at Cleveland Appraisal Blog! 5 Things Agents MUST Provide The Appraiser In Today’s Hot Market – Birmingham Appraisal Blog. www.anchor.fm/cash-appraiserstats.com.
BLOG VIEW: Homebuyers have been dealing with a difficult market for some time. However, 2022’s market will only be a fraction of that, according to the latest estimates.
In a blog post published Thursday, Mortgage Bankers Association (MBA) President and CEO Bob Broeksmit made the case that the Federal Housing Finance Agency ‘s (FHFA) loan level price adjustments (LLPA) related to a mortgage borrower’s debt-to-income (DTI) ratio is unworkable and should be scrapped entirely.
Not too long ago, I saw a loanofficer post on their Instagram that FHA no longer requires handrails for stairs. This is a family-friendly blog. You can also listen right here at Cleveland Appraisal Blog! Predicting housing price cycles isn’t so easy – Sacramento Appraisal Blog. Have a great weekend!
I remember loanofficers telling me that I needed to be “creative” with my appraisals. You can also listen right here at Cleveland Appraisal Blog! – Sacramento Appraisal Blog. – DW Slater Company Blog. – George Dell’s Analogue Blog. – Birmingham Appraisal Blog.
The only cybersecurity helpdesk service in the industry and a recipient of HousingWire’s 2020 HW Tech100 and Progress in Lending’s 2020 Innovations Awards, WESTprotect.com provides self-service sign-up for fraud alert warnings and access to an extensive library of in-depth articles and reports, the 411 blog. To 2021 and beyond.
Loanofficers at Wells Fargo altered values in the bank’s database, so loans would qualify for so-called appraisal waivers… It feels like Ground Hog Day all over again. Dozens of loanofficers at Wells Fargo altered values in the bank’s database, so loans would qualify. That was in 2016.
Welcome to the September edition of our blog series, The LoanOfficer’s Guide to Appraisals. This entire year, I’ve been blogging once a month with the purpose of assisting loanofficers to better understand the appraisal process. This month’s blog post will be all about new construction appraisals.
Never miss a post by subscribing to the Enact MI Blog! The post Navigating the New Normal: The Impact of Climate-Related Events on Real Estate Markets and Appraisals appeared first on Enact MI Blog. Well send you our most up-to-date topics right into your inbox. Subscribe now!
This entire year, I’ve been blogging once a month with the purpose of assisting loanofficers to better understand the appraisal process. This month’s blog post will be a slight departure […].
“Lower-income families have very limited ability to adjust to this [inflation] shock, particularly as their savings tend to be low and their budgets are already stretched,” Recursion reported in a blog post earlier this year. “As That means regulators, market leaders, lenders, loanofficers and borrowers themselves should remain vigilant.
The Cleveland Appraisal Blog provides a few ideas below. Whether you’re an appraiser, a real estate agent, a loanofficer, an underwriter, a home inspector, a title agent, or anyone else in the real estate profession, it’s been a very crazy year! You can also listen right here at Cleveland Appraisal Blog! .
Remember when loanofficers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.
When Jeff and Marie asked me to be formally interviewed for their blog " The Apple Peeled " I was happy to do so, especially because I could veer off the road into issues about the current mortgage and appraisal process. The Apple Peeled Blog , February 12, 2019. And we've become friends.
For the past couple of years, I’ve been blogging about appraisal topics for various audiences. Most recently, I’ve focused on the homeowner and the loanofficer. All throughout 2022, my focus will be on helping Realtors understand a little more about appraisals.
Welcome to the November edition of our blog series, The LoanOfficer’s Guide to Appraisals. If you’ve been following our blog, you know that all year, I’ve been writing with the purpose of assisting loanofficers to better understand the appraisal process.
By foregoing contingencies such as home inspections and appraisals altogether, mortgage lenders risk violating their fiduciary duty – which is… The post HUD’s Use of Convicted Felons to Ramp Up ‘Discrimination Testing’ appeared on Appraisers Blogs.
For the past six months, I’ve been blogging with the purpose of assisting loanofficers to better understand the appraisal process. If this is your first time visiting our blog, welcome! And, you’ll definitely […].
Welcome to the October edition of our blog series, The LoanOfficer’s Guide to Appraisals. If you’ve been following along with us, you know this is part 10 in our year-long series on appraisals and the loanofficer.
Welcome to the very first post in our all-new series The LoanOfficer’s Guide to Appraisals. In this blog post, we’re starting with the end. The post The LoanOfficer’s Guide to Appraisals, Part 1: The Final Inspection appeared first on Riverfront Appraisals.
It is no surprise that some loanofficers are salivating over the prospect of not having to wait for a full appraisal or a home inspection. appeared on Appraisers Blogs. After all, who doesn’t want to close more deals in less time? But What About Fiduciary Duty?
With increased public attention on the… The post Blaming, Punishing Appraisers in State Laws appeared on Appraisers Blogs. A bill to amend Illinois’ appraiser and real estate licensing acts to address discrimination.
Right now on our Appraisal Blog, we’re all about helping LoanOfficers. This post is part six of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. We’re halfway there!
Whether you’re a loanofficer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loanofficer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loanofficers or others involved in process.
Loanofficers and listing agents are familiar with homeowner anxiety about real estate appraisals. To relieve some of the stress, savvy loanofficers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Never miss a post by subscribing to the Genworth MI Blog today!
Right now on our Appraisal Blog, we’re all about helping LoanOfficers. This post is part five of a 12-part series we’re calling The LoanOfficer’s Guide to Appraisals. The post The LoanOfficer’s Guide to Appraisals Part 5: What is bracketing and why do we do it? So if this is […].
Real estate agents and loanofficers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. The post Must-Have Information Required for a Successful Appraisal appeared first on Birmingham Appraisal Blog. If you liked this post subscribe by email (or RSS feed ).
According to the Federal Reserve July 2020 Senior LoanOfficer Opinion Survey on Bank Lending Practices, “Major net shares of domestic banks tightened standards on all three CRE loan categories over the second quarter. Source: The July 2020 Federal Reserve Senior LoanOfficer Opinion Survey on Bank Lending Practices.
Whether you’re a loanofficer, loan processor, or underwriter, you have the power to detect and report various types of fraud. Failure of loanofficer/processor/underwriter to disclose pertinent info which could negatively impact the decision. Lack of due diligence by loanofficers or others involved in process.
Remember when loanofficers avoided underwriting loans for manufactured housing for fear of low commissions, foreclosure risks, and the added complexities of underwriting those types of “unreliable” homes? For some, these myths still flood our thoughts when a potential borrower approaches us about a loan for a manufactured home.
But then things got interesting because through the course of the transaction someone showed me an email from the loanofficer where I learned the AMC was actually charging the buyer $345 higher than the fee I quoted. My Thoughts: I think this is a GIANT step backward and goes directly against ensuring public trust.
“Hey Rich, I need a $500,000 appraisal to make this refi work; there’s an extra $300 for you if you can push the value to $500,000…” That was the entire schtick of a loanofficer I knew back in the day (prior to the 2008 meltdown). He was friends with an appraiser who would push […]. The post Appraisers Ain’t A.M.C’s
Never miss a post by subscribing to the Enact MI Blog! The post Appraisal Trends: Mastering Property Conditions and Location on the Appraisal Review appeared first on Enact MI Blog. The statements in this article are solely the opinions of David Foster and do not necessarily reflect the views of Enact or its management. Subscribe now!
Along with busting these myths, it’s important to work with a skilled, local loanofficer every step of the way, who can help you separate fact from fiction. Our free LoanFly app lets you search houses, connect with a local loanofficer, prequalify for a mortgage, and manage your loan docs, all in one place.
.” According to the article, “Some buyers are borrowing money from relatives and taking loans out against their retirement” to close the appraisal gap. Get insights into this issue from the perspective of the homebuyer, the real estate agent, the loanofficer, and the appraiser by reading the full story here.
Prequalify and connect with a local loanofficer who can get you answers — and get you into your new home — fast. The post 4 reasons you’re better off selling your house this winter [INFOGRAPHIC] appeared first on Cornerstone Blog. How much down payment will I need for a new house? For educational purposes only.
Loanofficers and listing agents are familiar with homeowner anxiety about real estate appraisals. To relieve some of the stress, savvy loanofficers educate their borrowers on what to expect from an appraisal inspection and how to prepare. Never miss a post by subscribing to the Enact MI Blog today! Subscribe now!
A quick peak at the AVM early on may give a loanofficer an idea of what they’re in for or if the deal is feasible or not. (It It is hoped said loanofficer is also paying mighty close attention to the confidence score.). (I But that is a blog entry for another day.).
Never miss a post by subscribing to the Enact MI Blog! The post Help your Borrowers Navigate Recent Home Appraisal Trends appeared first on Enact MI Blog. The statements in this article are solely the opinions of David Foster and do not necessarily reflect the views of Enact or its management. Subscribe now!
Never miss a post by subscribing to the Enact MI Blog! The post How Today’s Market Impacts the Appraisals and Inspections Landscape appeared first on Enact MI Blog. The statements in this article are solely the opinions of David Foster and do not necessarily reflect the views of Enact or its management. Subscribe now!
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