article thumbnail

Taking the Pulse of Mortgage Servicing: Industry Leaders on What’s Ahead

Appraisal Buzz

We have expanded our team member training to [include talking to customers] about their home value and equity if the customer truly can no longer afford the home and none of the retention options are available or appealing to the customer. We again believe customer education is the best way to reduce risk.

Mortgage 410
article thumbnail

Homebuyers are taking more risks in an obstacle-filled market

Housing Wire

We write so many mortgages at maximum debt-to-income ratios, then taxes and insurance go up, and people struggle to afford their home very quickly, said Matt Hefner, an LO with Fairway Independent Mortgage Corp. Meanwhile, climate-related risks are also impacting home values. A report from First Street projected a potential $1.5

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Real estate tech roundup: Asteroom, Homesnap and SafeShowings

Housing Wire

Homesnap lets agents adjust a home’s price up to 30% in either direction of the list price or estimated home value and as a home price is adjusted, the selling probability timeframe dynamically updates to create an estimated time in which the property will sell.

article thumbnail

How to write creative real estate listing descriptions + examples

Housing Wire

Talk about the value: A home that needs work is (hopefully) priced accordingly. So properties like this present buyers a way to increase their homes value by improving and updating it over time. Once buyers see that your listing is the best value in the area, youll end up with multiple offers.

article thumbnail

With mortgage rates on the rise, here are some products originators should tap into

Housing Wire

For lenders unfamiliar with reverse mortgage products, RMF makes it easy to get into the business with its technology platform, training, marketing assistance and industry-leading support. That is why we offer private and group training sessions and a library of on-demand instructional videos.

Mortgage 397
article thumbnail

Reverse pros in high-value markets look ahead to 2024 opportunities

Housing Wire

The product maintains the non-recourse feature of other reverse mortgages, contains no origination or monthly servicing fees, and has no minimum home value requirement. I’m working with a couple of brokerage firms on a multi-part agent training series,” Borg said. “I’ve

Marketing 448
article thumbnail

How Reverse for Purchase can help baby boomer borrowers

Housing Wire

Longbridge consistently holds Purchase training calls on the product, best marketing practices and how best to communicate expectations to all parties involved – and they offer a plethora of supporting marketing collateral. “As This down payment range assumes closing costs will be financed into the loan.