Regulators modernizing giant database of mortgage pros

Launched in the midst of the 2008 financial crisis to weed out bad actors, the Nationwide Multistate Licensing System & Registry (NMLS) is scheduled to be updated this weekend as part of a long-term modernization project. Continue reading

Zavvie’s power buyer suite for mortgage lenders is catching on

More than 7,500 loan officers in all 50 states and Washington, D.C., have access to cash offers that can be approved in as little as an hour, with NEO Home Loans and American Financial Network among the biggest partners. Continue reading

Mortgage ‘knowledge gaps’ may be thwarting would-be homebuyers

3 in 4 Americans are planning to buy the next time they move, but many are overestimating minimum down payment, credit score underwriting requirements, according to a new Fannie Mae study. Continue reading

Consumers want lowest mortgage rate, but most won’t shop for it

ICE Mortgage Technology survey finds 84 percent of homeowners who have taken out a mortgage in the last five years only considered one or two lenders before closing the deal. Continue reading

EasyKnock juggling lawsuits, regulators in multiple states

Sale-leaseback platform tells NPR civil lawsuits in Texas and other states are “meritless” and that it’s cooperating with attorneys general in Massachusetts and Michigan. Continue reading

12 potential pivot points for buyers planning to represent themselves

Buyers and sellers need their own agents as buffers to work through the challenges that every transaction presents, bi-coastal luxury agent Cara Ameer writes. Continue reading

An ABR instructor’s guide to buyer agreements and commissions

Not sure what to say to buyers and sellers about the way compensation works today? Bernice Ross offers insights from Accredited Buyer Representative instructor Rhonda Hamilton. Continue reading

Knock integrating bridge loans into partners’ prequal processes

NFM Lending is the first to take advantage of Knock API integrations, which let loan officers know if homebuyers can tap the equity in their existing home and buy before they sell. Continue reading

Realtor.com releases next chapter of buyer agency campaign

Two months after the successful launch of its buyers agency ad campaign, Realtor.com has unveiled the next chapter — this time focusing on how buyers’ agents are key to bolstering homeownership rates in underrepresented communities. Continue reading

Are renters beating the system with Bilt Mastercard rewards card?

Card issuer Wells Fargo is losing as much as $10 million a month as it eats interchange fees for users who are paying off balances after paying their rent, “The Wall Street Journal” reports. Continue reading