Housing Wire

MAY 3, 2023

On Friday afternoon, my real estate agent called with good news. The agent wished me well and said that she would appreciate a review on her website. I had sought out the agent because she had the best track record in the area, worked with a lot of investors on the buy side, and had a history of closing quickly.

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Agents Real Estate Agent Brokerage Real Estate 435

Housing Wire

SEPTEMBER 7, 2023

For most real estate agents, working with a reliable lending partner is essential to a smooth and successful transaction. That partnership is everything,” Amy Breach, a Seattle-based Keller Williams agent, told HousingWire in late 2022. The lender and LO can make or break the transaction.”

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Buyers Agents Loan Officers Real Estate 418

Housing Wire

NOVEMBER 16, 2020

More for Real Estate Enthusiasts. Top five questions to ask a potential real estate agent. The one caveat with FHA loans is that they require a Mortgage Insurance Premium both at closing and as part of your monthly payment. Is 2021 a good time to buy a house? Want to tap into the power of homeownership?

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Mortgage Insurance Real Estate Agent Real Estate 501

Housing Wire

FEBRUARY 1, 2023

The streamlined process and certainty One-Time Close New Construction loans offer is unmatched and will set brokers up to be the hero with builders, real estate agents and contractors, and get their borrowers in their dream home,” Mat Ishbia , president and CEO of UWM, said in a statement.

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Construction Real Estate Agent Loan Officers Inspection 418

Housing Wire

JUNE 8, 2022

Pontiac, Michigan-based lender United Wholesale Mortgage (UWM) Wednesday launched a new platform for independent mortgage brokers to access purchase leads, past clients and real estate agents — a move to entice and retain loan officers in a shrinking mortgage market. UWM also is pressuring competitors via prices.

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Mortgage Real Estate Agent Real Estate Clients 370

Housing Wire

JULY 29, 2022

Eliminated positions are mainly administrative positions and include processing, underwriting and closing jobs that are in less demand as loan origination shrinks. Cuts were being made in back-office staff (71%), general and administrative expenses (66%) and loan officers (19%), according to the survey.

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Mortgage Loan Officers Lending Real Estate Agent 397

Housing Wire

APRIL 17, 2023

At a mortgage brokerage joint venture, loan officers generally get paid a lower base salary than counterparts at traditional lenders and may get a smaller commission because the LO is doing less work finding customers since there are greater real estate agent referrals. The California lender originated $15.12

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Brokerage Real Estate Agent Business Loan Officers 397

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).

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Mortgage Construction Lending Real Estate 397

Housing Wire

APRIL 14, 2022

A seasoned retail and commercial banking salesman in Fort Wayne, Indiana, the 39-year-old Woodward joined Interfirst Mortgage as a loan officer in October 2020 after a recommendation from an old college friend. “I had not done first mortgage lending before, but I was familiar with the basics of real estate lending.

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Mortgage Marketing Retail Lending 526

Housing Wire

DECEMBER 18, 2023

Colgate Selden is an attorney, a partner at SeldenLindeke and has over 20 years of regulatory legal experience in government and as in-house and outside counsel, and also served as a founding member of the Consumer Financial Protection Bureau (CFPB) as senior counsel in its Office of Regulations.

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Mortgage Business Legal Real Estate 459

Housing Wire

MARCH 1, 2022

Later in 2020, eOriginal was acquired by Wolters Kluwer for $280 million in cash and continues to operate within the Wolters Kluwer Governance, Risk & Compliance business. Real estate is a $206 billion industry, according to IBISWorld. And, why not? However, it didn’t work. But today’s tech leaders are different.

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Real Estate Brokerage Real Estate Agent Technology 397

Housing Wire

NOVEMBER 10, 2020

But unlike Fannie and Freddie, most non-QM loans rely on the borrower’s credit score and the loan-to-value ratio on the loan, rather than the debt-to-income ratio. For eight years they were not able to get a mortgage loan – they could have an 800 credit score, $2 million in the bank. Realtors need to be your ally.”.

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Business Mortgage Investors Loan Officers 459

Housing Wire

OCTOBER 4, 2024

That’s where a mortgage loan officer (MLO) comes in. Mortgage loan officers, also known as mortgage loan originators or lending officers, generally make salary-based income with commission. Real estate advice + top tech, lead gen & marketing tools — delivered to your inbox.

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Real Estate Loan Officers Tools Lending 448

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. I had the opportunity to discuss some common questions people have about the appraisal process with Massachusetts real estate agent Kevin Vitali.

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Appraisal Easement Real Estate Agent Valuation 76

Housing Wire

APRIL 18, 2023

When rates start to trend down, the company expects to add more loan officers, call center staff and operation staff. Now that the market has turned, do you see any challenges for your purchase call center agents ? There are support staff that come along with them (loan officers). We’re growing quite a bit.

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Retail Business Agents Loan Officers 370

Housing Wire

JANUARY 24, 2023

. “Sometimes 10-20 basis points is all an LO needs to win over a real estate agent or get creative on a borrower’s loan,” the lender said in a statement.

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Lending Law Training Mortgage 370

Realtor

FEBRUARY 13, 2023

All in all, in the best-case circumstances, you can expect the USDA home loan process to last anywhere from 30 to 60 days—or longer if there are hiccups such as missing paperwork. The availability of government funding for these loans might also lengthen the process, in some cases up to three months.

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Loan Officers Development Appraisal Finance 153

Realtor

OCTOBER 21, 2016

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Properties without clean, safe drinking water can be especially problematic for VA loans.

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Buyers Inspection Loan Officers Real Estate 78

Raleigh Realty

APRIL 24, 2022

Picking the Right Real Estate Team When looking for a support system for buying a home as a veteran, you may look to your friends and family first — along with a real estate agent. However, your real estate team should also be carefully curated to be informed of veteran affairs. For example, the U.S.

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Real Estate Agent Real Estate Insurance Government 78

Appraisal Today

SEPTEMBER 15, 2023

Appraisers are less likely this year to cite expanding regulations/interpretations of regulations, lender requirements, pressure from real estate agents/brokers, and liability concerns. From Dave Towne: Over the years, many appraisers have reported being blacklisted by real estate agents and even mortgage brokers.

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Appraisal Real Estate Agent Contracts Real Estate 90

Realtor

OCTOBER 21, 2016

Veterans United VA loans offer numerous benefits, from zero down payment to flexible credit guidelines and more. But these government-backed loans also aim to help veterans buy homes that are safe, structurally sound and sanitary. Properties without clean, safe drinking water can be especially problematic for VA loans.

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Buyers Inspection Loan Officers Real Estate 60

Assurance Financial

JULY 23, 2021

If you meet certain requirements, you might qualify for a conventional loan with just a 3% down payment. Certain mortgage programs, particularly government-backed loan programs, let you get a home loan with much less than 20% down, too. USDA Rural Development and VA loans accept 0% down.

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Mortgage Real Estate Agent Loan Officers Government 74

Housing Wire

MARCH 19, 2024

“One of those models could be that you, as lenders, license your loan officers as real estate agents and offer the buying agent service for less than a 3% fixed fee point. In addition, people sell houses based on their own circumstances, not because of government tax incentives. “So,

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Loan Officers Real Estate Agent Real Estate Agents 511

Appraisal Today

MAY 10, 2024

The mortgage loan officer handling the loan? Ryan’s blog focuses on local real estate agents and market conditions, a most excellent method of becoming the “go-to” appraiser and getting lots of referrals from agents. Was it the borrower? A Zillow Zestimate? Maybe the underwriter at the lender?

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Reconsideration of Value Appraisal Real Estate Insurance 82

PennyMac

AUGUST 31, 2024

Preparing for Closing As you approach the closing on your home, your lender and real estate agent will guide you through the process. This document is usually issued by a local government agency, such as your city’s building department. This includes the buyer, seller, real estate agents, lenders and title company.

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Inspection Real Estate Agent Sellers Legal 36

PennyMac

NOVEMBER 29, 2022

Your loan officer or real estate agent can be a valuable resource to find some of these local assistance programs to help with your first home loan. Unlike a loan, grants are money given to you by an organization or government that won’t need to be repaid. Government Loans.

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Government Mortgage Finance Design 36

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? Many referrals come from real estate agents. For example, to close their “deal” the borrower needs a bridge loan. You can do this for private money lenders, too.

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Appraisal Contracts Mortgage Marketing 75

PennyMac

JUNE 28, 2022

Another great financing option for vacation homes is conventional loans , which usually have lower down payments and can be used for rental properties or second homes. Steer clear of government loans such as FHA or VA purchase loans ; most federally backed loans can only be used for primary homes.

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Tenants Landlords Finance Insurance 36

PennyMac

SEPTEMBER 9, 2020

From low- or no-down payment options for great mortgage interest rates to help with closing costs, there are numerous government programs and nonprofits that support and give back to veterans as well as individuals currently serving in the military. Home Buying Help For Military Members and Veterans. Native American Homeownership Initiative.

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Insurance Buyers Mortgage Human Resources 36

Movoto

JULY 31, 2024

And the answer is, uh, I grew up in a real estate family. Her mom was a real [00:03:00] estate agent. Her mom was a real estate agent and did like hotel stuff. Aunt was a real estate agent. Real estate market. So my mom was a mortgage broker.

Real Estate 36

Real Estate Investing Agents Real Estate Agent 36

PennyMac

JUNE 28, 2022

Property taxes are fees paid to the local government and are used to pay for public services. 0.50% of your loan value. Real Estate Commissions. A real estate agent plays an important role in helping a house sell, and they’re typically paid through commissions from the sale of the property.

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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?

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Appraisal Contracts Real Estate Agent Real Estate 83

Housing Wire

OCTOBER 10, 2023

That’s because real estate agents and loan officers are in survival mode and desperate to close new business. For lenders and brokerages, the risks of LOs or agents overstepping are high. In turn, most of them made mortgage referrals to Freedom’s traditional retail loan officers.

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Real Estate Agent Loan Officers Real Estate Agents 476