Originating

Originating (1380)

Ellie Mae: 30-Year Note Rate Continues to Decline; Time to Close Drops

According to the April Origination Insight Report from Ellie Mae®, a leading cloud-based platform provider for the mortgage finance industry, the 30-year note rate dropped for the fourth straight month to 4.61%, down from 4.77% in March and the high of 5.01% in January. Additionally, the time to close all loans dropped two days to… Read more...

First American Facilitates 500 eClosings

First American Title Insurance Company, a provider of title insurance and settlement services and the largest subsidiary of First American Financial Corporation, and Taylor Morrison Home Corporation, a leading national homebuilder and developer, through Taylor Morrison Home Funding, today announced they have completed 500 hybrid eClosings using First American’s eClosing solution. The hybrid eClosings took… Read more...

Angel Oak Mortgage Solutions Expands Correspondent Lending Unit, Welcomes Four New Executives

Angel Oak Mortgage Solutions, LLC is enhancing its correspondent lending channel with new technology, infrastructure and high-level talent that reflect the growth in the non-qualified mortgage marketplace. The company has officially branded this channel as Angel Oak Correspondent to solidify its position in the correspondent lending space. The enhanced channel will allow Angel Oak to… Read more...

Different Training Needed for Different Types of Originators

In a recent conversation with a veteran mortgage banking trainer, he commented that invariably in every class, there are adopters of the new selling techniques and those who plainly reject what is being taught. In my consulting practice I've seen this time and again. I find that top originators are more than willing to learn… Read more...

Ask the Expert: How to Reply To Callers Asking About Your 30 Year Rate

By Dave Hershman Part 2; to the Question: I keep getting the same question over the phone—what is your rate on a 30-year fixed mortgage? How do I reply in a way that will assure that I get the loan? Eddie from New Hampshire In Part I of my answer,we discussed getting the client comfortable… Read more...

Bill Bodnar of MMG Discusses This Weeks Interest Rate Events

https://youtu.be/Pf4ZLFp1O_0 Read more...

Dear Brian: Brian Discusses How to Meet New Real Estate Agents

DEAR BRIAN, I am struggling trying to meet new agents and hoped you might have some suggestions on how I can meet them. Would appreciate your thoughts. Jody B. Arkansas Dear Jody, Thanks so much for your question. I get various versions of this question regularly since it is such a stumbling block for many… Read more...

State Flood Insurance Rates Vary Greatly, Even Among Coastal States

A new ValuePenguin.com study has found that while flood insurance in states like Texas and Florida cost $581 and $550 a year on average, flood insurance in Rhode Island and New York cost $1389 and $1155 respectively. Additionally, just 7 percent of American homeowners have a flood insurance policy, compared to the 91 percent of… Read more...

14% of Consumers Feel Its a Good Time to Buy, 43% Feel Its a Good Time to Sell

The Fannie Mae Home Purchase Sentiment Index® (HPSI) dipped 1.5 points in April to 88.3, offsetting some of the prior month's 5.5 point jump. A decrease in the "Good Time to Buy" component helped drive the index lower, despite another supportive mortgage rate outlook from consumers. The net share of respondents expecting mortgage rates to… Read more...

CoreLogic: Housing Prices Continue to Increase

CoreLogic® just released the CoreLogic Home Price Index (HPI™) and HPI Forecast™ for March 2019, which shows home prices rose both year over year and month over month. Home prices increased nationally by 3.7% year over year from March 2018. On a month-over-month basis, prices increased by 1% in March 2019. (February 2019 data was… Read more...

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