Top markets for affordable renovated housing inventory

Despite the rapidly deteriorating affordability, there is some hope for homebuyers in the form of renovated homes: properties that have been rehabbed into move-in ready condition after being purchased at auction.

HousingWire Magazine: December 2021/ January 2022

AS WE ENTER A NEW YEAR, let’s look at some of the events that we can look forward to in 2022. But what about what’s next for the housing industry?

Back to the Future of Mortgage Lending

This webinar will be a discussion on understanding what’s to come in the future of mortgage lending by analyzing past trends in the industry, evolving consumer behaviors and demographics of the industry’s production capacity.

Logan Mohtashami on Omicron and pending home sales

In this episode of HousingWire Daily, Logan Mohtashami discusses how the new COVID variant, Omicron, will impact inflation and whether or not it will send mortgage rates lower.

Sponsored Content

How one company aims to put lenders at the forefront of online home search

Homebot announces two new features

HW Media CEO Clayton Collins recently spoke with Ernie Graham, CEO and Co-founder at Homebot, to dive into what it really means for mortgage professionals to create clients for life, and how Homebot is doing that through the entire home-buying process, starting with home search.  

“It means keeping the loan officer connected with their past clients after the transaction,” Graham said. “And specifically, we do that by helping the lender provide content to those clients, content that has intrinsic value. So we’re tracking home value, loans, equity, and then we’re helping the consumer understand all of their financial optionality with their home.”

For the consumer, this means being kept aware of the best time to sell, rent, remodel or refinance. Graham said Homebot is able to provide this information in real-time. 

“We have over 7 million people that are connected to over 10,000 loan officers with this tool, and they truly are becoming clients for life,” he said.

While consumers often look to homeownership as a means of building wealth, Graham explained that it doesn’t start at the purchase of a home. In light of this, Homebot is extending its insights to where it all begins: The home search. 

“We are launching Homebot Home Search, a completely new home search experience that lenders can give their past clients. They can even put it on their website as a portal.”

Graham describes the feature as “home search with a twist.” That twist, he explained, is providing financial insights for every listing potential home buyers look at, with the goal of helping them understand the affordability and investment value. And this isn’t the only new thing coming out of Homebot. The company has also built a plugin for the Chrome browser. It’s called Homebot for Chrome, and it even works on Zillow.

“All of those financial insights that we are building into Homebot Home Search now go with the client when they go to Zillow. So lenders now are effectively sitting in the backseat with their clients, even when they’re searching on Zillow,” Graham explained. “This is such a powerful way for them to stay connected.”

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3d rendering of a row of luxury townhouses along a street

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