OfferPad announces partnership with mortgage lender loanDepot

OfferPad, the digital broker opening up brick and mortars in select markets, just announced a choice partnership. The “iBuyer” has teamed up with loanDepot to offer on-the-spot mortgage approval within its app …

Is new lender better.com a better way to qualify leads?

A good deal of leads are ignored if they aren’t pre-qualified for a mortgage. The process to do so has never helped real estate agents much, either. Consumers today are increasingly wary of entering a bank to hand over private information in order to b…

Is new lender better.com a better way to qualify leads?

A good deal of leads are ignored if they aren’t pre-qualified for a mortgage. The process to do so has never helped real estate agents much, either. Consumers today are increasingly wary of entering a bank to hand over private information in order to b…

Happy birthday, TRID: A year in, here’s what Realtors think of you

Monday marked an important anniversary in the industry, though it’s doubtful that any real estate offices busted out the champagne to celebrate a controversial 1,800-page, sweeping reform of the mortgage transaction process that took effect on Oct. 3, …

Why agents should help buyers qualify their lenders

You turn on the television and see another mortgage ad from a big-budgeted national mortgage company telling consumers they only need to push a button to get a home loan. That might be a great message for a homeowner considering a refinance, but if a homebuyer seeks a loan from an online or toll-free lender in today’s market, it can be a disaster. …

Are you disclosing your relationship with your lender?

Engrained in our DNA as humans is a survival instinct. This survival instinct can cause harm to the buyers or sellers we represent because it causes us to put our own interests in front of theirs. There are many ways to combat this natural inclination …

Will ‘smart contracts’ replace real estate closers?

Most of a real estate closing revolves around trust and verification. Buyers and sellers use trusted intermediaries to verify that properties, funds, contractual obligations and insurance safety nets are all properly vetted before closing a sale …

12th Floor Group title ‘super-alliance’ battles noncompliance

A dozen title insurance agencies, settlement service companies and law firms have aligned as a national consortium called The 12th Floor Group, with a special focus on promoting legal and regulatory compliance across all sectors of the real estate indu…

Loanopoly wants to take the ‘chance’ out of the mortgage transaction

If homebuyers seek better insight into the status of their mortgage transaction and want to eliminate the hassle of waiting to hear from their real estate agent, loan officer and various settlement service providers, they needn’t roll the dice. Soon, they’ll be able to use Loanopoly, a new online home loan tracking tool inspired by the familiar Monopoly game board. …

10 reasons why mortgage investors are rejecting TRID loans

The other shoe has dropped: With thousands of loans closed under the new regulatory regime now making their way to the secondary market, investors are refusing to buy them due to compliance problems and loan document errors …