REwired

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Open commentary on everything impacting the U.S. housing economy. The opinions expressed here represent the author's alone.

Alexa, get me a mortgage

Are we already there?
Artificial intelligence has pushed technological advancements to a whole new level, and increasingly can do just as many things as humans. But how far out is the mortgage industry really from using the kind of technology available to consumers in other industries? It may already be here.
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UWM’s Mat Ishbia: New mortgage insurance pricing is a selling point for Loan Originators

Gone are the days where mortgage insurance companies offered one-size-fits-all rates
If a loan originator works at a retail lender that only aligns itself with one specific mortgage insurance company, he or she may have to charge more from borrowers that have a higher DTI, or charge more if there is only one borrower on a loan instead of two.
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Monday Morning Cup of Coffee: Goldman Sachs teases big move into mortgages

Marcus for mortgages? Maybe
Once a big player in mortgage lending, Goldman Sachs’ footprint in housing finance has gotten significantly smaller since the financial crisis…but that could be about to change. Is Marcus for mortgages coming soon? It appears that's something the megabank is considering. That, and more, in your Monday Morning Cup of Coffee.
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HousingJobs blog: How LOs can build a better resume

Insight from hiring managers in the industry
Job hunting can be frustrating. At HousingWire, we want to make the process easier for job seekers in the industry. Our new service, HousingJobs, lists the latest gigs in the housing industry for loan officers, underwriters, processors, loan servicers, and tech and marketing pros. Check out this weekly blog for the latest job postings along with some advice from employers, industry tips and more. 
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Greater Austin should keep getting great property values into 2019

Appreciation for the Heart of Texas
[Expert Commentary] For some time, the Austin area has also been able to lay claim to an upward trending economy that currently includes projected real estate appreciation of 5.4% over the next year. With a current supply of homes that has been inching up, and now stands at 3.3 months, the rapidly growing metro area is certainly likely to keep the Lone Star state popular with lenders.
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Bloomberg report sounds warning on pending mortgage lending crisis

Critical language aside, they may have a point
The language may be infuriating for a loan officer to read: referring to mortgage lenders as "small-time bankers" who are "peddling to the poor." But Prashant Gopal’s Bloomberg report states that even the Federal Housing Administration is concerned about rising defaults in its mortgage insurance program.
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Boise poised at the right angle for housing growth

Idaho's biggest MSA mixes population growth and low unemployment for strong projected appreciation
Treasure Valley, indeed! The data used for the VeroFORECAST shows the Boise-Nampa MSA has a very tight 1.7 months supply of homes, meaning that if no listings were added and demand continued at the current rate, everything currently for sale would be gone in about seven weeks. 
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Mortgage applicants may not always be intentionally fraudulent

Lenders should arm themselves to know the difference
[Op-ed] Information is shared rapidly but information is only information. It does not mean it is accurate information. Investigation is usually warranted. Communication is key. Speak to colleagues, managers, borrowers, title, and ask questions about anything that doesn't make sense. 
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