[Op-ed] Loan officers who don’t have that edge will fall behind. These are the stakes for our industry — and LOs everywhere have put marketers on notice.
[Op-ed] A strong Realtor/lender partnership will only make the transaction more successful and the client experience more pleasant. We take time to praise each real estate agent we partner with, and offer accolades and positive reviews. You should too, and here’s why.
The latest VeroFORECAST report predicts a slight uptick in the national average of real estate appreciation, while this MSA remains in the lead for appreciation for the second quarter. Check out Veros VP of Statistical and Economic Modeling Eric Fox’s breakdown of the data.
Detroit was one of the hardest-hit cities in the financial crisis. Now, 10 years later, is it finally showing signs of recovery? Also, in case you missed it on Friday, the battle over the leadership of the Consumer Financial Protection Bureau is nearly over. Full details within. All that, and more, in your Monday Morning Cup of Coffee.
[Op-ed] Our data shows that housing unicorns follow start-up unicorns, with the tech-unicorn haven of San Jose, Calif., leading the pack, with a jaw-dropping 53.81% of homes exceeding the million-dollar mark. In fact, it’s the only area where the median home value also exceeds $1 million.
[Op-ed] Lenders are doing all they can to get borrowers into their pipelines faster. Speed is a requirement for both customer satisfaction (see J.D. Power & Associates) and to ensure high pull-through rates, which are essential for cutting the overall cost to originate. If the lender can’t move quickly enough, today’s borrowers will go elsewhere in search of home financing.
[Expert commentary] There’s a serious battle being waged right now over automated valuation models. Some in the housing industry love AVMs, while others despise them. And AVMs only seem to be growing in popularity. But what happens if one company gets accused of stealing another company’s AVM formula?
The mortgage lending empire Gregory Englesbe spent a decade and a half building is now out of his reach. Englesbe stepped down from E Mortgage Management in the wake of a $3 million settlement brought against him by Philadelphia waitress Kristin Lisi — for forcing a kiss on her (click to see video).
By this point, everyone is calling recession by 2020. Ok, so we’re all agreed on that, but how about some greater insight into what this recession might look like? Well, how’s this answer stack up for you?
[Expert commentary] We’re now well into the second quarter of 2018, a point where organizations should be well into executing their technology and cybersecurity plans for the year. However, many are still looking for guidance on what products they should be considering, how to align their needs with their limited budgets, or even more simply, how to meet the latest compliance requirements. Here are three emerging trends companies should be focused on for the rest of 2018.