HousingWire CEO Clayton Collins sat down with Association of Independent Mortgage Experts Chairman Anthony Casa to discuss some of the most pressing issues pertaining to the housing industry as the coronavirus that causes COVID-19 continues to create uncertainty within the market. HW+ Premium Content
During a pandemic, it is more important than ever that housing and finance professionals understand the nature of our reactions to trauma and how to provide leadership to both grow your business and support your communities.
The main criticism of the iBuying model is that it will only ever be effective for a very limited number of houses, and only during certain economic cycles. In the midst of an unprecedented global pandemic, iBuyers are suffering along with every other business type. HW+ Premium Content
Despite a massive competition in the industry to be the first to move away from in-person requirements and release an “end-to-end digital mortgage,” there are still glaring parts of the real estate process that require people to meet face to face. These holes in the “fully online” process became blatantly obvious these last few weeks as the spread of the COVID-19 pandemic pushed the industry into unfamiliar territory in real estate closings. HW+ Premium Content
The idea that LOs are becoming less vital to the process is simply not one I can get behind. It’s true that the days of the LO functioning as a data gatherer are rapidly fading away, but their role is shifting to an even more critical one – an expert counselor for homebuyers.
Despite a bipartisan movement in Congress to legalize RON nationwide due to a new socially distant world, some states are taking matters into their own hands and issuing executive orders to temporarily allow RON transactions.