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How 2020 exposed a greater need for collaboration between real estate agents and LOs

Housing Wire

Technology has given consumers the power of choice and expedited the entire real estate purchasing process. The past year has exposed a need for richer collaboration tools and better data that bring consumers, agents and loan officers together in one system to minimize work and increase transparency for everyone involved.

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Uplist’s Jeff Bell on finding efficiencies for loan officers

Housing Wire

And when the market changes, I can just call now I have a reason to call the real estate agent. Instead of getting on a computer to change all this stuff and send it back out to them, now I can just shoot the URL off to the agent. None of them are accurate.

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The ‘double-edged sword’ of dual licensing

Housing Wire

The company recently launched a mortgage brokerage firm that offers a plug-and-play program for real estate agents to become mortgage loan officers, a practice called dual licensing. of the loan amount, with a $5,000 cap, which adds to the typical buyer-side agent commission of up to 3%.

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Floify’s new platform aims to provide flexible pricing for mortgage lenders

Housing Wire

Configured to give independent mortgage banks, federally insured banks and credit unions the needed tools at an accessible price point, Floify Lender Edition aims to increase lender profitability through its automated processes and efficiency tools, the company said.

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Reverse purchase financing: The financing option no one is talking about

Housing Wire

But unlike financing with a traditional mortgage, monthly principal and interest payments are not required on the loan, so long as the homeowner keeps up to date with real estate taxes, homeowners’ insurance and property maintenance. The 6% limit also includes payment of the Up-Front Mortgage Insurance Premium (UFMIP).

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How Reverse for Purchase can help baby boomer borrowers

Housing Wire

[They likely] would feel much more confident that they can keep a significant amount of the proceeds from their departure home and not have to make monthly mortgage payments, provided they continue to pay their taxes and insurance and maintain the home,” said Rob Cooper, National Purchase and Builders Sales Leader for Longbridge. “If

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The growing threat of phishing attacks on the mortgage industry

Housing Wire

Phishing remains the go-to attack for hackers targeting the mortgage and real estate industries. Loan officers and mortgage executives alike continue to click on links in seemingly routine emails, ultimately giving bad actors complete access to lenders’ systems and mortgage transactions.