Housing Wire

SEPTEMBER 7, 2023

Loan officers may increasingly place more importance on reaching consumers directly especially when a buyer takes initiative in the homebuying process rather than relying on agents. “If One of the top loan officers in the nation has set up webinars that he does four times a week and he is building up his own pipeline.”

Buyers 418

Buyers Agents Loan Officers Real Estate 418

Housing Wire

FEBRUARY 3, 2023

The Lock ‘n’ Roll program is eligible for conventional and government fixed-rate loans, with the lock period being a minimum of 60 days, according to its website. With 466 branches across the country, the lender has more than 1,910 active loan officers, according to mortgage data platform Modex. billion.

Loan Officers 370

Loan Officers Buyers Contracts Mortgage 370

Housing Wire

NOVEMBER 29, 2021

Government-sponsored enterprises Fannie Mae and Freddie Mac , along with Ginnie Mae , collectively known as the agency market, account for the balance of residential mortgage-back security (RMBS) issuances. Despite limited employment growth, about 25,000 openings for loan officers are projected each year, on average, over the decade.

Loan Officers 487

Loan Officers Supply Chain Mortgage Marketing 487

Housing Wire

MAY 31, 2022

Among them are Geneva Financial , a mortgage lender headquartered in Arizona, which opened a branch location in Chicago, and New Western , a real estate investment firm, which also launched its first office in Chicago, marking its expansion with its 43rd office location in its 19th state. Department of Agriculture (USDA).

Mortgage 397

Mortgage Construction Lending Real Estate 397

Housing Wire

DECEMBER 16, 2021

In November, Interfirst issued pink slips to hundreds of non-commissioned loan officers at its call centers in Charlotte, North Carolina and Rosemont, Illinois, according to WARN notices in both states. billion in mortgages between June 2020 and June 2021 and was actively recruiting new loan officers and support staff.

Mortgage 370

Mortgage Loan Officers Retail Training 370

Housing Wire

FEBRUARY 16, 2022

HousingWire recently sat down with Steve Meirink, executive vice president and general manager, Compliance Solutions, Wolters Kluwer’s Governance, Risk and Compliance Division, to discuss the impact of digital technology on mortgage and the future of digital lending in an era of accelerated innovation and digital transformation.

Lending 395

Lending Technology Tools Loan Officers 395

Housing Wire

OCTOBER 6, 2022

The Mortgage Bankers Association (MBA), however, measured the average contract for conforming at 6.75% this week, compared to 6.52% the previous week. For jumbo loans, it went from 6.01% to 6.14% in the same period. The government is trying to choke this off.”.

Mortgage 370

Mortgage Marketing Loan Officers Retail 370

Housing Wire

MARCH 22, 2021

This month, United Wholesale Mortgage took the industry by surprise when it made a statement that it would block mortgage brokers from doing business with the company if they did business with either Quicken Loans or Fairway Mortgage. I was astonished, frankly. My reaction stems today from a position of relative neutrality.

Business 539

Business Retail Mortgage Lending 539

Housing Wire

FEBRUARY 15, 2024

“If, ultimately, somebody is in a position where the down payment is restricting them from buying, and what bridges the gap is a second loan at a little bit higher interest rate, I do think it’s beneficial because if the alternative is to keep on renting, why wouldn’t they buy a house?”

Mortgage 476

Mortgage Buyers Loan Officers Sellers 476

Birmingham Appraisal

DECEMBER 17, 2024

Real estate agents and loan officers play an important role in ensuring appraisers have the necessary data to deliver reliable valuations. Parcel Identification Number (PIN) Why It Matters: The PIN is a unique identifier used by tax assessors and local government offices.

Appraisal 76

Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

AUGUST 24, 2023

But the government sponsored enterprise still expects a recession next year. “In Strong consumption data combined with slowing inflation points to a “soft landing” for the economy, Fannie Mae ‘s Economic and Strategic Research (ESR) Group said Thursday. Retail sales rose 0.7% CPI rose 0.2%

Construction 284

Construction Retail Mortgage Contracts 284

Housing Wire

JULY 19, 2023

It [publicity] helps the advisors, and it helps the [loan-officer] recruiters, but it doesn’t exactly help the buyer and seller trying to get settled in a transition of the assets of the company.” Normally you’re trying to keep it out [of the public eye],” he explained. “It

Mortgage 370

Mortgage Marketing Lending Buyers 370

Miller Samuel

FEBRUARY 12, 2019

Miller measures listing discount by the percent difference between the contract price and the price that the property was listed for sale at the time of contract – not when it was first listed). Now, he said, regulators and both Fannie Mae and Freddie Mac are getting paid whenever loan volume passes through those agencies.

Marketing 221

Marketing Real Estate Appraisal Sellers 221

Housing Wire

AUGUST 31, 2022

After two record-setting years of mortgage origination volume, the mortgage industry is contracting, sharply. For example, within these firms, there are occupations such as loan officers, loan interviewers, title-related occupations, and loan counselors that could apply to both mortgage and non-mortgage lending.

Lending 397

Lending Mortgage Real Estate Loan Officers 397

Appraisal Today

SEPTEMBER 15, 2023

2023) Updated August 2, 2023 Excerpts: Fannie Mae and Freddie Mac (government sponsored enterprises or GSEs) published their Appraiser Independence Requirements in October 2010. No one is allowed to provide a list or a panel of appraisers to use for loans involving a specified mortgage broker, real estate agent, or loan officer?

Appraisal 90

Appraisal Real Estate Agent Contracts Real Estate 90

PennyMac

MARCH 4, 2024

When you work with a lender that provides this, you’re doing much of the legwork involved in obtaining a mortgage contract without actually finalizing it. Your loan officer will help determine your short and long-term goals with your home purchase and offer options to tailor your loan to your current financial situation.

Loan Officers 65

Loan Officers Insurance Mortgage Sellers 65

Genworth MI Blog

AUGUST 31, 2022

Foster: With COVID-19, the government-sponsored enterprises (GSEs) enacted temporary allowances for flexibilities in appraisals and inspections. Similarly, buyers began waiving inspection contract contingencies, which give the buyer options for negotiating remedies or price with the seller if the inspection reveals major issues.

Inspection 78

Inspection Appraisal Marketing Appraisal Process 78

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? The June 1, 2024 effective date was intended to provide advance notice to accommodate lenders’ and servicers’ internal governance processes. percent, with points unchanged at 0.65 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Reconsideration of Value 82

Reconsideration of Value Appraisal Real Estate Insurance 82

Appraisal Today

JANUARY 12, 2024

Marketing to private money lenders Remember the old mortgage broker days of visiting an office and chatting with loan officers? For example, to close their “deal” the borrower needs a bridge loan. from 0.41 (including the origination fee) for 80 percent LTV loans. percent from 6.76 percent from 6.86

Appraisal 75

Appraisal Contracts Mortgage Marketing 75

Town & Country Residential Appraisals

JANUARY 24, 2020

If you ever experience this from a loan officer, feel free to report this behavior to the CFPB here. They always come in at exactly the contract price. If agents have done their job, then the contract price should be close to the market value. This one is hard to understand.

Appraisal 36

Appraisal Market Value Contracts Clients 36

PennyMac

SEPTEMBER 12, 2024

Loan Types and Terms You can opt for the reliable stability of a fixed rate or the potentially lower initial payments with an adjustable-rate mortgage (ARM). Conventional loan programs versus government-backed ones (FHA, VA) offer different benefits to weigh. Government-backed loans reserved for U.S.

Buyers 36

Buyers Finance Home Improvement Renovations 36

Appraisal Today

OCTOBER 21, 2022

it has nailed what’s going on with the ongoing denigration of appraisers by Government Agencies, FNMA, HUD & so on. My comments: The video presentation is a bit “over the top,” but the two guys have been doing these videos for many years, focusing on mortgage brokers and loan officers. percent from 6.81

Appraisal 52

Appraisal Marketing Contracts Insurance 52

PennyMac

AUGUST 31, 2024

The price is formally documented in the purchase agreement, a legally binding contract that outlines the terms of the transaction. Take a Final Walk-Through To confirm that all repairs mentioned in your contract have been completed, schedule a final walk-through of the home you’re buying 24 hours before closing.

Inspection 36

Inspection Real Estate Agent Sellers Legal 36

Housing Wire

DECEMBER 31, 2021

Few in mid-March could have predicted that a perfect storm of ultra-low interest rates, new migration patterns and historic government intervention wouldn’t just save them, but line their pockets with billions of dollars and change their entire trajectory. But many of those elements are fading as the industry heads into 2022.

Marketing 459

Marketing Law Government Mortgage 459

PennyMac

JUNE 28, 2022

It’s important to keep the loan-to-value (LTV) ratio relatively low so you can retain that home equity and be less likely to default on the loan. As such, you can only draw from a pre-approved amount that is stipulated in your contract. Understand typical contracts and look for fees. Tax deductions. Disadvantages.

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

PennyMac

JUNE 28, 2022

This fee will cover the attorney preparing and reviewing agreements and contracts. Often, the seller will pay this fee, but it can depend on how competitive the housing market is or what the specific HOA contract dictates. Property taxes are fees paid to the local government and are used to pay for public services. Closing Fee.

Property Taxes 36

Property Taxes Insurance Sellers Inspection 36

Appraisal Today

AUGUST 13, 2023

Here’s another thought for you to ponder: HUD, a governmental agency, is attacking appraisers who do their work per the guidelines established by two “quasi-governmental entities”, the two GSE’s, and two other government agencies, HUD/FHA, plus the VA. government debt rating. Do you understand the absurdity of this? percent from 6.93

Appraisal 83

Appraisal Contracts Real Estate Agent Real Estate 83

Housing Wire

DECEMBER 2, 2024

The CFPB’s focus is on how brokerage firms comply with loan officer compensation rules, particularly in regard to lender-paid versus borrower-paid options. Additionally, the bureau is evaluating whether brokers effectively shop for the best loan options for borrowers and adhere to fair lending practices.

Brokerage 418

Brokerage Mortgage Loan Officers Lending 418