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In its 2025 Industry Survey , Redfin dug deeper into how real estate agents view their careers, the housingmarket, and other hot-button industry issues. Despite the growing concern about climate risks, fewer than 10% of agents report having received training on how to address climate-related issues with clients.
He emphasizes the importance of a diverse product portfolio including DSCR and business-purpose loans, to better serve clients. Davis also highlights Deephaven’s edge in products like their Ground-Up Construction and Fix-and-Flip products, offering originators essential tools and training. Non-QM opens doors for real estate investors.
Much like lawyers needing to take a separate bar exam in each state they wish to practice in, real estate agents’ training and licensing requirements vary by state. Arguably, one of the most important functions of a real estate agent is to guide and be a subject matter expert to clients through the buying and selling processes.
This is an experienced agent or broker who provides leads, training, mentorship, support and other resources for the team members. It can vary widely depending on the size of the team, its overall goals and the type of market it serves. This can sometimes take the focus off client service, though it doesnt have to.
Risk Mitigation Strategies Diversifying our client base and loan portfolio helps mitigate risk in the face of economic fluctuations. Continuously monitoring and assessing market conditions allows us to be proactive in our approach and adjust our strategies as needed. What strategies are you implementing to mitigate risk?
For title agency owners and professionals, finding the time and resources to train your team can be challenging. However, well-trained employees offer undeniable benefits, such as increased productivity , engagement and job performance. While mentoring and coaching go hand-in-hand, they’re not interchangeable terms. ” We agree.
It reflects another pressing issue of imbalanced supply and demand in the housingmarket. In addition to all of these challenges, economic factors outside of housing are making it harder for potential buyers to acquire qualifying mortgage loans. Most of those high-priced homes were existing properties, interestingly enough.
Theyre the ones pounding out the reports, meeting clients, answering phone calls, and ensuring deadlines are met. Think about it: If youre the primaryor onlyperson completing the appraisal work, managing client relations, and overseeing every aspect of the operation, youre essentially just wearing the title of business owner.
Like many loan officers, Dicker was working nights and weekends, banging out refinancings and purchase mortgages at record-low rates for clients. One of Dicker’s clients this past weekend backed out of a $295,000 houmese purchase in Michigan this past weekend. But the boom times are over, and he knows it. And he’s far from alone.
On the other hand, they’re often worried it may be difficult to learn how to broker non-QM,” said Shelly Griffin, Senior Vice President of Client Development. Deephaven offers great, hands-on training that quickly gets brokers comfortable with the process and submitting loans. Shelly Griffin, Senior Vice President, Client Development.
Real estate agents often make the mistake of believing their clients will remember them forever but they dont. Its up to us as agents to stay engaged and stay in contact with our clients. When you buy through our links, we may earn a commission. So, where do you start? Why send a regular real estate newsletter?
With a housingmarket in transition , originators are looking to seize profitable opportunities that benefit both borrowers and their own bottom lines. More and more financial and wealth advisors are going to be looking to reverse mortgages—and reverse mortgage originators—as they advise their clients. We have live trainings.
I’m going to start by making Rate the absolutely best place for every single loan officer to work at figuring out ways in which we can develop them, give them all the skills, the coaching , the mentoring and the tools, so they can have an amazing business, but also better serve all their clients and all their partners.
have been busy training and preparing to be ready for Aug. In only a matter of weeks, real estate professionals nationwide will find out whether their training has paid off. VantHof has spent several months training to prepare for the business practice changes. Like the athletes in Paris, Realtors and brokers across the U.S.
Fortunately, there are ways to detect deed fraud attempts early, but mortgage professionals need to be well-informed to protect themselves and their clients. Training staff to recognize the signs of fraud and the types of techniques used by fraudsters is equally vital.
Computershare Loan Services , a global mortgage services provider, delivers complete end-to-end fulfillment services that help lenders manage overhead with highly trained processors, underwriters and closers. Our outsourcing solution integrates onto a client’s system, or we can bring a client onto our system,” Baumeister said.
Lower production volume means cutting staff and restructuring to better focus on the purchase market, Cohen said. Training LOs and getting on sales calls with real estate agents, insurance agents and wealth managers are what Cohen is prioritizing to drum up sales in a market where he expects rates to be in the 5% levels.
Despite low inventory, the housingmarket is expected to remain strong in 2021 due to low mortgage rates. And with this housing boom will come even more questions from homeowners who want to know their housing options. One of the biggest mistakes housing professionals make is not keeping in touch with past clients.
After a 2023 of real estate brokers saying they feel “neutral” or “pessimistic” about the housingmarket, some 48% of those surveyed for the Q1 2024 HousingWire BrokerPulse survey are optimistic that the next three months will be positive. ” The value education was mentioned across the board.
Knock Home Swap has expanded into Orlando, Florida and Tampa, Florida, its first markets in the Sunshine State. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents.
We found that buyers stepping into the 2024 housingmarket have much to learn from previous shoppers,” the report stated. Some brokerages have already announced their intention to better illustrate the value of agents to clients. Nearly 30% of recent buyers were not represented by an agent.
Regardless of the outcome, real estate brokers are doing all they can to prepare their brokerages and their agents for more transparency, education on the value real estate agents bring to the transaction, and more, according to the 2023 Q4 BrokerPulse survey , a forward-looking housingmarket sentiment survey by HousingWire.
Federal Housing Administration Commissioner Julia Gordon said that these communities will have added ability to be served by those who may have more firsthand knowledge of the situations lived by these clients. Tribal members have long been underserved in the housingmarket.” The rule will go into effect on July 12, 2024.
Although I remained confident in my skills and the value I brought to my clients, I couldn’t help but question how I would compete with a company capable of offering such low-cost representation en-masse. I pondered how they could offer the assistance that buyers and sellers required at such competitive rates.
Department of Housing and Urban Development (HUD) has announced a significant expansion of its housing counselor certification exam, now offering the exam and training materials in Spanish, Traditional Chinese, Korean, and Vietnamese. This includes financial education, foreclosure prevention, and disaster recovery counseling.
Visibility: Making your presence known In a down housingmarket , it goes without saying that visibility is crucial. Your prospective clients need to know hat you’re a real estate agent and you’re still an active player in the field. Read about what’s going on in the market.
HousingWire recently spoke with Christian Mills, head of Financial Advisor Relations at Reverse Mortgage Funding, about the ways a reverse mortgage can create a stable cash flow for homeowners in the midst of a volatile housingmarket. What can lenders do to dispel this common misconception with their clients?
As Chief Strategy Officer at Mortgage Capital Trading , Leslie Winick has harnessed her industry experience to help lead new technology innovations and industry-leading support that allowed MCT to continue to meet client needs despite the volatility of the past year. What’s unique about this current market is the impact of digitization.
With the new market section, the data at the top of page 2 will be incorporated, and the 1004 MC (still required by some clients, although not by the GSEs) will see its final day. Irrelevant information will be eliminated, and appraisers will tell the story of the market, not the neighborhood. Open the menu and select Module 10.
The seller, who struggled to find a buyer in a cooled down housingmarket, 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 does take education from LOs to clients as well setting realistic expectations,” he said.
With more than 20 years of experience, CreditXpert has rolled with the punches brought on by a turbulent housingmarket and has excelled at adapting to the industry’s growing digital revolution and shift towards fast fintech solutions. However, CreditXpert isn’t just helping those with lower scores qualify for mortgages.
This is also an adage that is holding true in some of the nation’s more expensive housingmarkets including California , Florida and Washington State , according to reverse mortgage professionals in these areas that spoke with RMD. and ensuring that potential clients have the reverse mortgage option visible is a key focus for Bruser.
For the past few years, low mortgage rates have fueled a housingmarket so hot that even a pandemic couldn’t derail purchase originations. By integrating PTE, Plaza has, in turn, accomplished two vital goals: Faster turn times and happier clients. The lender was not alone on this timing.
What do you feel is the biggest impact of this decision on the judicial sector of the housingmarket? If any clients become involved in cases on appeal which present important issues, please reach out to the Legal League so that we can assist in providing the court with a friend of the court perspective on the issue.
Despite uncertain economic times, the housingmarket experienced a surge during the pandemic. And while it’s been over a year since the start of COVID-19, the real estate market hasn’t slowed down. The biggest pain point we hear from our clients is turnaround time,” said Cindy Nasser, COO of PCV Murcor. “The
David Peskin: As we all know, the housingmarket is booming right now. Available to clients aged 55 and older (in select states), this product allows eligible homeowners to tap into more of their home equity sooner rather than later with lower upfront costs. Cash can be taken in a lump sum line of credit or monthly payments.
Previously, the commission for a home sale was split between the seller’s agent and the buyer’s agent, but now, buyer’s agents must negotiate their commissions directly with their clients—buyers who, until now, never had to pay their agents out of pocket. This adds volatility to an already uncertain housingmarket.”
.” In a webinar last week with NAR’s Deputy General Counsel Lesley Muchow, she notes that if the plaintiffs are successful, “We will be forced back into the 19th century or what we see as the Wild West where unscrupulous people can regularly defraud clients. ” What’s at stake?
The Home Swap is the perfect product in today’s highly competitive real estate market.”. Home Swap is offered exclusively through local real estate professionals who have been trained as Knock Certified Agents. In these markets, Home Swap will be offered through The Keyes Company and The Signature Real Estate Companies.
Knock has added Houston to the list of Texas metro areas where its Home Swap solution is available, joining Austin, Dallas/Fort Worth and San Antonio , as well as seven other markets nationwide. This solution is offered exclusively through local real estate professionals who were trained as Knock Certified Agents.
I have always been fascinated with that side of the medical field — where highly trained and skilled individuals make critical, often life-saving decisions and then follow through on those decisions with technical procedures and precise movements. After all, housing is the largest creator of wealth.
1 With over 12,000 Americans turning 65 every day in 2024, this burgeoning market will undoubtedly continue to bring more buyers and sellers to the table over the next decade. In fact, a veritable upheaval is headed for the housingmarket already. They have been able to reach sales goals with relative ease for over a decade.
LOs across a variety of housingmarkets reported that inbound reverse mortgage inquiries appear to have risen since the beginning of the year, keeping them busy. “I I’m working with a couple of brokerage firms on a multipart agent training series,” Frank Borg, a Seattle -based originator with Fairway said in a February interview.
To succeed in real estate, it’s essential to have affordable, efficient tools for generating, nurturing, and converting leads into clients. Buyer and seller leads Zurple’s Real Leads product can be an affordable way to receive a steady stream of exclusive, potential buyers and sellers in your target markets and grow your database.
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