Housing Wire

FEBRUARY 20, 2024

Several historic events over the past few years have brought seismic changes to the way the mortgage lending industry operates. Today, as we face what appears to be the beginning of a modest recovery in the marketplace, we can see the effect of those events in the way mortgage lending has changed forever.

Loan Officers 435

Loan Officers Technology Lending Tools 435

Housing Wire

JUNE 1, 2023

Connecticut-based lender and servicer Planet Home Lending has acquired the assets of Illinois-based retail lender Platinum Home Mortgage Corporation. Founded in 1993 by Bill and Michael Giambrone, Platinum has 22 branches and 79 active loan officers, according to the mortgage tech platform Modex.

Retail 418

Retail Mortgage Lending Renovations 418

Housing Wire

FEBRUARY 10, 2022

If you’re a mortgage loan officer with a decade of experience in the industry, you have likely spent over 80 hours taking continuing education courses. Tricky situations can arise in mortgage lending, especially when navigating less-common products or originating non-agency loans.

Loan Officers 397

Loan Officers Law Training Lending 397

Housing Wire

JANUARY 31, 2023

. “I didn’t want to just jump for money,” Miller said, noting that some lenders with lower rates have complexities of putting together a loan — and transferring over existing clients’ loans is a different process for every company. Loan officers who were part of those branches were brought over, he said.

Mortgage 418

Mortgage Loan Officers Retail Finance 418

Housing Wire

SEPTEMBER 22, 2022

Mortgage rates in the 6% range have frozen the housing market, forcing loan officers to find business outside their wheelhouses. Business is at a “dead stop,” said a retail loan officer in Michigan. That’s going to be a new market for me Lonnie Glessner, loan officer at Draper and Kramer Mortgage Corp.

Mortgage 397

Mortgage Loan Officers Inventory Retail 397

Housing Wire

OCTOBER 6, 2023

Mortgage lenders are betting on down-payment assistance programs, buy-down options and renovation products to provide brokers opportunities to win in a market with mortgage rates nearing 8%, a lack of inventory and high home prices. “Brokers need now to control things they can control, like their costs, and give the consumer options.”

Mortgage 493

Mortgage Real Estate Agent Renovations Finance 493

Housing Wire

FEBRUARY 24, 2021

Successful agents, brokerages and loan officers of the future are going to rely significantly on technology to find, nurture and engage with buyers and sellers while also playing an expanding role as personal advisors in all things related to mortgage, insurance, moving, renovating and new home transitioning.

Real Estate Agent 366

Real Estate Agent Real Estate Agents Loan Officers 366

Housing Wire

FEBRUARY 15, 2023

In addition to roles as branch manager and regional manager at different lenders, Sheppard has climbed through the ranks as a loan officer at APM, and most recently served as APM’s EVP of national production. The leadership changes at APM come amid the lender’s quest for expansion.

Retail 370

Retail Renovations Lending Loan Officers 370

Housing Wire

MAY 3, 2022

” Prospective borrowers can talk to a licensed loan officer if they prefer during the approval process, however. In a traditional home equity product, the lender disburses a lump sum upfront to the borrower, who then pays the loan back in fixed-rate installments.

Renovations 418

Renovations Loan Officers Technology Mortgage 418

Housing Wire

DECEMBER 30, 2022

“It’s going to be competitive — thin margins, little business and LOs getting out of the industry,” Dave Krichmar, banker at Legend Lending Corporation, said of the mortgage industry in 2023. Instead, they’ll be seeking to renovate their homes.”.

Renovations 435

Renovations Realtors Construction Mortgage 435

Housing Wire

OCTOBER 20, 2023

Sharing your success lends to your credibility as an agent. Post decorating and renovation tips Since customization is commonplace among homeowners, posting decorating or renovation tips may be helpful to your audience. These should be posted in addition to testimonials. They’ll begin to think of you as a subject matter expert.

Real Estate 435

Real Estate Agents Real Estate Agent Decorating 435

Housing Wire

JULY 29, 2024

At FHFA’s first-ever tech sprint last year , the focus was on the front end of mortgage lending and increasing tech adoption. For example, it could detect that a loan officer didn’t offer a VA loan to a qualified borrower so it would prompt that.

Tools 360

Tools Training Tenants Property Management 360

Cleveland Appraisal Blog

MARCH 30, 2021

So many visitors have stopped by over the years, that they renovated the area to make it more visitor friendly, with better parking and a nicer observation area. I’m grateful that nearly half of my work these days is not for lending purposes. It is free to visit. That makes for a fun place to go on a budget.

Housing Market 368

Housing Market Marketing Reconsideration of Value Contracts 368

Appraisal Today

JANUARY 12, 2024

NOTE: Please scroll down to read the other topics in this long blog post on 2024 forecasts for mortgage rates and originations, Private Money lending, unusual homes, mortgage origination stats, etc. Acre lot Built in 2000 and recently renovated, the main estate and guesthouses offer a total of 7,455 square feet of living space.

Appraisal 75

Appraisal Contracts Mortgage Marketing 75

Assurance Financial

NOVEMBER 28, 2023

You can also borrow strategically against your equity by taking out home equity loans — to perform renovations, say, and boost the eventual resale value of your home. How Does a Mortgage Loan Work? A mortgage loan is a type of loan that is used to purchase a property, such as a home or a piece of land.

Mortgage 69

Mortgage Property Taxes Insurance HOA 69

PennyMac

JUNE 28, 2022

You may have $200,000 available to lend from, but if you’ve only used $20,000, the interest is only applied to that 10% that is being utilized. Variable rates can go up and down depending on the market and federal lending rate, which can affect your monthly HELOC payments. This makes consolidating debt a bit easier. Flexibility.

Home Improvement 36

Home Improvement Contracts Renovations Mortgage 36

PennyMac

AUGUST 10, 2022

In addition to the limits on your credit score and down payment amounts, there are restrictions on the total mortgage amount that can be offered through an FHA loan. The FHA does have lending limits, and these numbers can differ depending on where you buy a home. Loan limits are established by the FHA and can vary by county.

Insurance 36

Insurance Buyers Mortgage Renovations 36

PennyMac

SEPTEMBER 9, 2020

An FHA home loan is a mortgage insured by the Federal Housing Administration. FHA loans typically have more flexible lending guidelines than other investors. FHA typically offers down payments as low as 3.5%, however, FHA requires mortgage insurance regardless of your loan to value.

Insurance 36

Insurance Buyers Mortgage Human Resources 36

Housing Wire

OCTOBER 23, 2024

By offering higher LTVs without charging mortgage insurance, UWM aims to attract more borrowers, including those who need to consolidate student and medical debt or renovate their homes, for example. Optimal Blue data for September showed that rate locks for cash-out refis rose by 6% month over month and 55% year over year.

Insurance 448

Insurance Mortgage Investors Renovations 448