“Affluent homeowners in Seattle, Portland and parts of California are selling their homes for $1 million or $2 million. Then they’re coming to Boise, where they’re buying houses that are twice the size for half the price.”
–Shauna Pendleton, a Redfin agent in Boise, Idaho.
The reality is that most loan officers with a good-sized database have plenty of contacts who are ready to finance or refinance right now—they just don’t know who they are. But there are ways to identify them and turn a missed opportunity into a success story.
In this article, we’ll discuss how EDI and RPA technologies help lenders streamline insurance tracking and verification and reduce direct member contact.
Speaking proposals for breakout sessions are now being accepted for the Mortgage Bankers Association’s Annual Convention & Expo 2021, taking place October 17-20 at the San Diego Convention Center.
Mortgage credit availability decreased in June to its lowest level since September, the Mortgage Bankers Association reported Thursday.
Registration for the Mortgage Bankers Association’s Annual Convention & Expo, taking place Oct. 17-20 at the San Diego Convention Center, is officially open. Join MBA in San Diego as Academy Award- and Presidential Medal of Freedom Award-winning actress Rita Moreno keynotes the mPower Luncheon on Tuesday, Oct. 19.
MBA CONVERGENCE, the Mortgage Bankers Association’s initiative to promote minority homeownership opportunities, launches its second major pilot program July 21 in Columbus, Ohio.
Trepp LLC, New York, reported the commercial mortgage-backed securities delinquency rate declined again in June–but not by much.
Redfin, Seattle, said buyers who locked in mortgage rates to purchase a second home nationwide fell 11.1% year over year in June, a reversal from the yearlong surge in demand for vacation homes driven by the pandemic.
For most homeowners, buying a home involves more than a mortgage. Research from Thumbtack, San Francisco, and Zillow, Seattle, said a typical for-sale home could need as much as $30,000 in work—which, for some buyers, particularly millennials—might result in unexpected expense.
