Housing Wire

JUNE 5, 2023

As with the rest of the country, the Chicago-area market is dealing with issues stemming from a lack of inventory , and until rates decline, it’s the first-time buyers that Lotsoff and Brok are primarily targeting for volume. Revolution, on the other hand, has been expanding its footprint by scooping up top loan officers in local markets.

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Loan Officers Mortgage Lending Retail 397

Housing Wire

NOVEMBER 20, 2023

The Sitzer/Burnett trial out of Kansas City found the National Association of Realtors (NAR) guilty of conspiring to inflate agent commissions — sparking a debate over agent commission fees and the longstanding role of buyer agents in real estate transactions. But what happens if consumers pivot away from buyer agents altogether?

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Buyers Agents Real Estate Agent Loan Officers 482

Housing Wire

JUNE 6, 2023

and home prices still near record highs, homebuyers are demanding that their loan officers provide options to lower monthly mortgage payments as much as possible. Especially when the seller is willing to give concessions, the buyer is able to get a credit for closing and contribute to buying down points. With rates around 6.9%

Loan Officers 397

Loan Officers Clients Sellers Buyers 397

Housing Wire

MAY 22, 2023

Top-producing loan officer Christopher Keelin has taken his 80+person team over to CrossCountry Mortgage to “take advantage” of the lender’s technology while scaling his business. Another strategy Keelin advises his team members is to have a diversified portfolio, targeting both first-time buyers and investors.

Loan Officers 370

Loan Officers Investors Technology Clients 370

Housing Wire

APRIL 12, 2024

The best marketers are driving origination volume, purchase demand, buyer and seller leads and listing awareness by staying attuned to market trends and swiftly adjusting strategies and messaging to effectively communicate. If there’s one word to describe today’s successful marketers in mortgage and real estate it’s “adaptable.”

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Loan Officers Lending Real Estate Marketing 353

Housing Wire

SEPTEMBER 14, 2023

The FHA’s announcement in early September to waive a requirement that FHA-approved lenders flag rejected loans in the FHA Connection system is a step in the right direction since declined borrowers don’t have to overcome a stigma, loan officers said. The FHA/VA share in Q2 2023 stood at 22.9%

Loan Officers 418

Loan Officers Mortgage Finance Clients 418

Housing Wire

NOVEMBER 23, 2022

The seller, who struggled to find a buyer in a cooled down housing market, agreed to deposit a lump sum payment into an escrow account at closing – ultimately saving Davis $6,900 in monthly payments in the first two years. It gives the buyer and seller the feeling of beating the mutual enemy, ‘the market,’ and gaming the system.”.

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Buyers Marketing Sellers Loan Officers 493

Housing Wire

MARCH 15, 2024

These housing professionals have been gaming out the potential impact on buyers’ agents – a significant source of referrals. Loan officers and mortgage executives expect home sellers and homebuyers to negotiate more aggressively on commission paid to buyer agents, potentially bringing costs down.

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Buyers Agents Mortgage Real Estate Agent 514

Appraisal Buzz

NOVEMBER 6, 2024

Key Findings: Although average mortgage rates are much higher, 45% of buyers who have purchased a home in the past year report having a rate below 5%. The most common way buyers have secured below-market rates is through special financing offers from sellers or home builders. Put more money down.

Buyers 370

Buyers Marketing Sellers Loan Officers 370

Housing Wire

SEPTEMBER 7, 2023

But three multibillion-dollar class action antitrust lawsuits looming over the real estate industry may soon reshape how buyers interact with agents. You’ve got current economic conditions that are not opportunistic for a homebuyer right now, inflation is still out there and it’s all constraining buyers’ ability to spend. “You’ve

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

APRIL 13, 2021

Jay Garrett, a loan officer at Supreme Lending ’s McClellan Branch in Austin, said he is seeing 10 to 40 offers on houses no matter where they are in Austin, and cash offers are winning the day because sellers don’t want to have to worry about the house appraising too low for someone who needs financing. “If

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Housing Market Buyers Marketing Real Estate Agent 535

Housing Wire

DECEMBER 12, 2024

Another great example is that if a buyer is going to a mortgage calculator site looking for how much the tax and insurance will be, those estimates are insane. And when the market changes, I can just call now I have a reason to call the real estate agent. None of them are accurate.

Loan Officers 370

Loan Officers Technology Agents Real Estate Agent 370

Housing Wire

APRIL 5, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors. The post Threat of climate change looms large for some home buyers appeared first on HousingWire.

Buyers 493

Buyers Real Estate Agent Real Estate Brokerage 493

Appraisal Buzz

OCTOBER 29, 2024

The platform is currently being used by over 6,000 loan officers to locate and connect customers with several down payment help programs across the country. The post Freddie Mac Enhances Product Selection With an Emphasis on First-Time Buyers first appeared on The MortgagePoint.

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Buyers Appraisal Loan Officers Sellers 395

Housing Wire

OCTOBER 25, 2023

Buyers that did manage to purchase homes made higher down payments as home-price growth remained stubbornly elevated in Q3, according to a new report from LenderLogix. The average of preapproved borrowers per loan officer fell by 11.6% Meanwhile, the average preapproval loan amount in Q3 decreased slightly by 2.5%

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Buyers Marketing Loan Officers Mortgage 459

Housing Wire

SEPTEMBER 30, 2022

To convince borrowers to take out a mortgage loan, some loan officers and lenders are highlighting how home prices are more affordable now than last year – and the ability of a borrower to refinance the loan when rates decline again. There is more inventory relative to demand, and deals can be found. Not yet anyway.

Buyers 482

Buyers Mortgage Loan Officers Retail 482

Housing Wire

FEBRUARY 14, 2024

Jeremy Foster, founder and chairman of Calque Buying a home today can be stressful and fraught with complicated issues, such as contingencies requiring the buyer to sell their current home before qualifying for the home they want to buy. That also means local agents can keep working with loan officers they know and trust.

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Buyers Loan Officers Real Estate Agent Agents 448

Housing Wire

NOVEMBER 16, 2022

trillion in loans, about half of 2021’s $4.4 But Brian Hale, who is assisting several buyers in their hunt for independent mortgage bank acquisition targets, sees an even more brutal landscape ahead. Based on numerous interviews with mergers and acquisitions experts, we dove into the 2023 IMB buyer profile. trillion to $1.7

Buyers 435

Buyers Mortgage Sellers Investing 435

Housing Wire

OCTOBER 4, 2023

In an environment where 30-year fixed mortgage rates are racing towards 8%, loan officer pipelines are thinning dramatically. Originators who primarily served move-up buyers with high credit scores and strong down payments are struggling to find clients. Is an 8% mortgage rate going to slow down business for all loan officers?

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Loan Officers Mortgage Finance Buyers 468

Housing Wire

JANUARY 11, 2023

Loan officers saw an increase in mortgage demand during the first week of 2023 as mortgage rates ticked down. According to industry watchers, sellers are attracting buyers to their homes through mortgage rate buydowns. Unused funds at the time the borrower refinances go against their loan balance as a principal reduction.

Sellers 529

Sellers Mortgage Loan Officers Buyers 529

Housing Wire

APRIL 26, 2023

Roberts and thousands of other loan officers across the country continue to be hampered by a serious inventory shortage , which results in heavy competition for fewer deals. Niche loans consist of about 5% of Parkinson’s business. “It’s There are also advantages to working with buyers in a less competitive marketplace.

Loan Officers 418

Loan Officers Mortgage Inventory Clients 418

Housing Wire

FEBRUARY 3, 2025

The company’s newest National Housing Market Outlook shows that buyers are gravitating toward government-backed loans in their search for affordability. As a result, more buyers are turning to products like Federal Housing Administration (FHA) loans, which accounted for 24% of primary home purchases in 2024, and U.S.

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Government Loan Officers Buyers Finance 429

Housing Wire

APRIL 16, 2024

As the engines of the housing and mortgage markets continue to sputter due to higher interest rates and fewer buyers, industry innovators are looking for ways to get their company’s wheels off the ground. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

Real Estate Agent 488

Real Estate Agent Loan Officers Real Estate Agents 488

Housing Wire

JANUARY 12, 2024

Guaranteed Rate has introduced a new feature that allows sellers working with a G-Rate loan officer to pay a fee that locks in a permanently discounted mortgage rate for a buyer. The real estate agent works with the seller and a Guaranteed Rate loan officer to pay a fee and lock in the discounted rate for a buyer.

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Sellers Real Estate Agent Loan Officers Mortgage 459

Housing Wire

SEPTEMBER 11, 2023

To get there, Cliffco, which has been in business since 1987, is going after the non-qualified mortgage ( non-QM ) market and investing in tech to get in front of buyers and non-agent referral partners. Non-QM ripe for the taking Faced with a lack of inventory across the country, lenders have been exploring ways to create new buyers.

Loan Officers 418

Loan Officers Agents Retail Technology 418

Housing Wire

OCTOBER 23, 2024

A survey from mortgage technology firm Cloudvirga , conducted in September, gathered insights from more than 1,000 millennial and Gen Z respondents, the majority of whom were first-time buyers under the age of 40. About 58% of respondents still relied on loan officers to guide them through the process.

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Mortgage Loan Officers Tools Technology 459

Housing Wire

OCTOBER 24, 2023

Patton Gade, the top producing loan officer for VA home loans in the U.S. Military Academy at West Point, will continue to originate loans and hold the national director of military lending position at UMortgage. He’ll join forces with fellow veteran loan originator Jay Bunte in the brokerage firm.

Loan Officers 448

Loan Officers Brokerage Retail Construction 448

Housing Wire

MARCH 11, 2024

In a competitive market where most borrowers are mortgage rate shopping, credit optimization can be the difference between closing a loan or losing out to an offer from a competitor. Here why CreditXpert’s new platform — that combines the best of Wayfinder and the What-if Simulator — can help you reach more buyers and close more loans.

Buyers 459

Buyers Tools Lending Mortgage 459

Housing Wire

MAY 2, 2024

loan officer Timothy Potempa has departed Dallas-based multichannel lender OneTrust Home Loans to join E Mortgage Capital , bringing his team of about 40 people and more than $300 million in annual production to the company headquartered in California. ” According to Scotsman Guide , Potempa was the No. million. .

Loan Officers 448

Loan Officers Mortgage Retail Lending 448

Housing Wire

OCTOBER 5, 2021

In light of this, HousingWire sat down with Saleforce’s Global Head for Mortgage and Lending, Geoff Green, to learn how lenders can better turbocharge mortgage for today’s home buyers. HW: What are some challenges lenders are facing when it comes to streamlining loan applications, particularly in this heavy purchase environment?

Buyers 363

Buyers Mortgage Lending Technology 363

Appraisal Buzz

SEPTEMBER 1, 2021

To find out, MortgageOrb recently interviewed Juan Farias, branch manager in Homespire Mortgage ‘s Orlando office, where he and his team work with all clients – from first-time home buyers to military personnel to first responders to experienced investors – to help them achieve their dreams of homeownership.

Client Relationships 195

Client Relationships Loan Officers Clients Technology 195

Housing Wire

SEPTEMBER 27, 2024

In a recent episode of “The Loan Officer Podcast,” host Dustin Owen and guest John Coleman explore key tips that all aspiring real estate agents should know when navigating mortgage financing for a potential client. To Coleman’s surprise, Owen says that one in four condo buyers use cash instead of financing.

Finance 448

Finance Agents Mortgage Loan Officers 448

Housing Wire

JULY 3, 2023

The lender brought on 100 loan officers in June, bringing the total number of LOs to about 800. We’ll reach out to those loan officers in markets where we have existing retail branch locations. Instead, tapping high-volume loan officers in targeted locations has worked for PrimeLending. “We

Loan Officers 370

Loan Officers Marketing Retail Renovations 370

Appraisal Buzz

OCTOBER 24, 2024

The survey questioned recent homeowners, the majority of whom were first-time buyers, a series of questions about their experience during the mortgage application and closing process, including their perceptions on the use of technology, artificial intelligence (AI), and automated communications.

Loan Officers 425

Loan Officers Technology Tools Development 425

Housing Wire

SEPTEMBER 29, 2023

The loan officers that Scott Groves talks to are struggling. Higher down payments and surging monthly mortgage payments are throttling borrowers’ personal finances, and prospective buyers are turning to family members to gift funds or sign up to be non-occupant co-borrowers. Really struggling.

Loan Officers 435

Loan Officers Mortgage Buyers Finance 435

Housing Wire

JANUARY 17, 2023

“The 5% market’s a healthy market,” said Anna Ruotolo, branch manager and senior loan officer at Synergy One Lending. “A These hopes for a declining rate have many loan officers feeling optimistic about 2023’s business prospects after experiencing lower volumes last year. “I A 5% market will be good. Continue to educate.

Loan Officers 435

Loan Officers Marketing Real Estate Agent Real Estate 435

Housing Wire

FEBRUARY 22, 2023

The relationship between a loan officer and a real estate agent is one of the most important pieces of the puzzle, as the two must combine forces to help borrowers achieve their goal of buying a home. You can even collaborate on buyer education around the home buying process, leveraging each others’ expertise.

Real Estate 459

Real Estate Real Estate Agent Loan Officers Agents 459