Subscribe to this RSS feed
Originating

Originating (1418)

Will the Government Shutdown Lead to Origination Delays?

Will the Government Shutdown Lead to Origination Delays?

Tuesday, 08 January 2019
Originating
Written by
The effects of the federal government shutdown on the housing market are wide-ranging and personal--unpaid workers still have to pay their mortgage, while aspiring homeowners might see their loans in limbo. [caption id="attachment_8411" align="alignright" width="289"] The government shutdown could delay loan closings, according to Zillow.[/caption] About 800,000 workers aren't being paid, about 380,000 are furloughed… Read more...
Tagged under
Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Gen-Xers, Older Millennials Prefer Stocks to Real Estate

Sunday, 06 January 2019
Originating
Written by
Less than half of homebuyers and sellers between the ages of 35 and 44 believe that real estate is a better long-term investment than the stock market, according to a survey from Redfin, a real estate brokerage. Buyers who reached the median first-time homebuyer age of 31 years old between 2008 and 2012 during the… Read more...
Tagged under
How the PIT System Can Boost Originators’ Sales

How the PIT System Can Boost Originators’ Sales

Monday, 07 January 2019
Originating
Written by
 By Brian Sacks We work in a business that can often be quite frustrating for many different reasons. If your days are anything like mine, then you are constantly working on the following aspects of your business every day. --Bringing in new deals. --Closing the deals you have. --Managing Staff: Even if you are a… Read more...
Tagged under
MonitorBase Launches Instant Credit Pre-Qual for Originators, Borrowers

MonitorBase Launches Instant Credit Pre-Qual for Originators, Borrowers

Friday, 04 January 2019
Originating
Written by
MonitorBase has launched a platform that provides originators and borrowers access to an instant credit pre-qualification through a soft credit pull executed on their mobile device. "Our pilot users are seeing very positive results and saving a bundle on credit report fees that would otherwise be wasted. Their referral partners also love that their prospects… Read more...
Tagged under
Home Prices Increased in 2018

Home Prices Increased in 2018

Friday, 04 January 2019
Originating
Written by
The CoreLogic Home Price Index and HPI Forecast for November 2018 shows home prices rose both year over year and month over month. Home prices increased nationally by 5.1 percent year over year from November 2017. On a month-over-month basis, prices increased by 0.4 percent in November 2018. Looking ahead, the CoreLogic HPI Forecast indicates… Read more...
Tagged under
New Year Brings Higher Rates

New Year Brings Higher Rates

Wednesday, 02 January 2019
Originating
Written by
The new year started with lower interest rates across the board, according to the Primary Mortgage Market Survey from Freddie Mac. “Mortgage rates declined to start the new year with the 30-year fixed-rate mortgage dipping to 4.51 percent,” said Sam Khater, Freddie Mac’s chief economist. “Low mortgage rates combined with decelerating home price growth should… Read more...
Tagged under
Property Appreciation Slows, Housing Peak Could Be Seen Soon

Property Appreciation Slows, Housing Peak Could Be Seen Soon

Thursday, 03 January 2019
Originating
Written by
Property appreciation is slowing, a sign that the U.S. is nearing the peak of the current housing cycle. Housing prices are 7.3 percent above their long-term pricing trend, with minimal downward pressure on the demand for homeownership, according to "Where Are We Now with Housing: A Report," a study from Florida Atlantic University College of… Read more...
Tagged under
United Community Bank Automates Loan Originator, Processor Commissions

United Community Bank Automates Loan Originator, Processor Commissions

Monday, 31 December 2018
Originating
Written by
United Community Banks Inc. has deployed CompenSafe to automate loan originator and processor commissions. The community bank has been using CompenSafe to automate commissions for its 80 loan officers and loan processors in an efficient, compliant manner since August. CompenSafe’s built-in integrations with the bank’s payroll provider and Ellie Mae Encompass loan origination system helped… Read more...
Tagged under
New Fed to Acquire Commonwealth Mortgage

New Fed to Acquire Commonwealth Mortgage

Monday, 31 December 2018
Originating
Written by
New Fed Mortgage, a retail lender licensed to do business in all New England states except Vermont, will acquire Commonwealth Mortgage LLC early in 2019. Commonwealth Mortgage is a direct to consumer or internet lender. The acquisition means New Fed will have a direct to consumer channel in states where it doesn’t have a retail… Read more...
Tagged under
Wells Fargo to Pay $575M to Settle Rate Lock Civil Lawsuits

Wells Fargo to Pay $575M to Settle Rate Lock Civil Lawsuits

Friday, 28 December 2018
Originating
Written by
Wells Fargo & Co. has reached an agreement with all 50 state Attorneys General and the District of Columbia regarding mortgage interest rate lock issues, under which it will pay $575 million to settle civil claims. The company has been discussing these issues with federal regulators and is paying back consumers for their losses. Also,… Read more...
Tagged under

FOLLOW US