One of the largest retail mortgage lenders in the country now allows borrowers to submit their own loan applications online and receive approval in as little as 15 minutes, according to an announcement from Guaranteed Rate.
Borrowers can use Guaranteed Rate’s website to choose and customize a loan, receive free credit reports with scores from the three major credit bureaus, submit a secure application to the lender’s automated underwriting service, and receive an approval letter to purchase a home within minutes of submitting the application.
“Historically, the mortgage process is manual and puts the burden to complete the loan application on the customer and the loan officer, with many handoffs between the two. With Guaranteed Rate’s online process, customers have the same access to tools as loan officers, and now they can apply for their loan and receive approval themselves,” the lender said.
Listing portals Zillow, Trulia and Realtor.com offer consumers online mortgage quotes using “pricing engines” that take into account their credit history and the size of the loan they are seeking. Realtor.com operator Move Inc., for example, says consumers using its PreQualPlus tool can “prequalify completely online” in as little as 15 minutes.
PreQualPlus employs an automated underwriting process to evaluate consumers’ credit scores and their capacity to afford monthly mortgage payments based on pricing, eligibility, underwriting, a full credit history review, credit risk analytics, and loan scenario modeling.
Borrowers using Guaranteed Rate’s website can also check the progress of their loan online at any time, and many receive a “clear to close” in just a few days, the company said. At closing, borrowers who submitted their application through the website will receive $150, the lender added.
Monthly Archives: February 2013
Damaged Foreclosures Beckon Bargain-hunters | Bedford Corners Real Estate
While prices of normal foreclosures and short sales have been rising, damaged distressed properties are actually becoming less expensive, according to the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey.
Prices for REO properties in need of repair – the type banks look to unload after a foreclosure – have not been rising along with prices for non-distressed properties. They have been moving in the opposite direction.
According to HousingPulse results, the average price for a damaged REO property sold in January was just $88,100. That was not only 17.1 percent below the average damaged REO price recorded a year ago – $106,300 – but also the lowest level ever recorded by HousingPulse in its four-year history.
One reason for the decline in damaged REO prices is the fact that owner occupant buyers have become less interested in foreclosure fixer-uppers over the better part of a year. HousingPulse results for January show current homeowners had a record low 15.0 percent share of the damaged REO purchase market, while first-time homebuyers had a near-record low share of 19.6 percent.
Meanwhile, investors, lured by low prices and the growing opportunities for flipping, have significantly increased the purchase share of damaged REO properties in recent months. During January, investors accounted for 65.4 percent of damaged REO home purchases, according to HousingPulse numbers. That was up from 58.1 percent a year earlier and the highest level recorded in the survey’s four-year history.
Strong homebuyer traffic and limited housing inventory continued to push overall home prices upward in January. HousingPulse data show that home prices overall, based on a three-month moving average, are at the highest level – $236,100 – seen in nearly three years and have been climbing since last spring. Prices for non-distressed properties accounted for 65.0 percent of total home purchase transactions tracked by HousingPulse in January. Average home prices for non-distressed properties were up a healthy 5.1 percent on a year-over-year basis – rising from $264,700 in January of 2012 to $278,200 in January of 2013.
Why Are China’s Housing Prices So High? | Mt Kisco Homes
Case-Schiller Reports Prices Up in 19 Markets, One Down, NYC | Chappaqua Real Estate
“A dwindling supply of homes for sale is helping prices.
The Standard & Poor’s/Case-Shiller home price index for December shows home prices posted the biggest year-over-year increase last year in six years.
Boosted by decreasing inventory and increasing demand, the 20-city index shows prices rose 6.8% in 2012 compared to the year before with price hikes in 19 of 20 major cities tracked, according to the report released Tuesday. Only New York fell, down 0.5%.
On a monthly basis, the 20-city index gained 0.2% in December. Nine cities posted positive monthly gains in December.
The Case-Shiller national composite index, which covers all nine U.S. census divisions, posted a 7.3% gain in the fourth quarter over a year earlier”
http://www.usatoday.com/story/money/business/2013/02/26/case-shiller-home-pri…
Home prices up 6.8% in ’12, biggest gain in 6 years | Cross River Real Estate
Case-Shiller Index Shows Housing Prices Continuing to Climb | Waccabuc Realtor
Home Prices in 20 U.S. Cities Increase by Most Since 2006 | South Salem Realtor
The Worst Colors to Use in a Home | Bedford NY Homes
Best Practices for Your Real Estate Web Site Home Page | Bedford Hills NY Realtor
Your Web site should be working for you 24 hours a day, 7 days a week, 365 days a year, capturing leads and marketing your brand. Your site should be helping consumers search for homes, find local market data, and get answers to some of their burning questions. And all of this can be handled on your Web site’s home page. Yes, really.
I’ve come up with a few best practices to consider for the home page of your real estate Web site, which will provide potential clients with a better overall online experience while boosting your credibility as a go-to resource in your market.
1. A full IDX search that is front and center
Make no mistake, consumers come to your Web site to search for listings. And they want to search all the listings — not just your or your office’s listings. Give them a full IDX search or don’t bother having a Web site. Keep your search obvious, as it should be the first thing the consumer sees on your home page. Offering a school district search, short sale and foreclosure search, and other advanced search filters would be nice as well.
2. Calls to action and contact forms
Say it with me: “The purpose of your Web site is to get more business.” If not, then why bother? Use calls to action to ask the consumer to take action on a specific item. Asking a Web visitor to “click here to view” some information will typically garner more clicks then just embedding the link in your text. Be sure to have contact forms (in addition to displaying your contact information) to entice visitors further. Ask them to make an appointment, get more information, sign up for local market data, get a CMA, and so on. These forms cannot be ignored – this is how a Web site viewer becomes a lead.
3. Clear and uncluttered layout (and nothing set to automatically play, please)
Always focus on the visitor experience when thinking about your home page design and layout. Be clear with your purpose and don’t overwhelm them with words. Remember that white space is okay. Avoid heavy code, as this will affect your page’s load times. Please (pretty please) do not have something automatically play when visitors land on your home page, such as music, a video, or a voice recording — you are outing the consumer when you do this and you’re likely to have them frantically searching for the mute button, or, worse, quickly bouncing from your site.
4. Fresh and useful content
Content is your not-so-secret weapon. The good news is, even though we know how important content is, most real estate professionals still are not providing fresh and useful information on their Web sites. What is useful content? Try to keep a local flair to a large part of what you post. Focus on the neighborhoods you work in (or want to work in) often. Talk about the local market statistics or events around town, spotlight a business, try a “man on the street” interview, or just showcase a subdivision or a section of a neighborhood. Nonlocalized content can be anything from real estate news to DIY projects and from FAQs to financing information. A mix of text, photos, and videos is ideal. Need ideas or fresh content that you don’t have to write or record? Check out HouseLogic from NAR at members.houselogic.com for free and shareable content. When in doubt, just ask. I recently had an agent call Zillow to see about reposting an article from the Zillow blog – they were cool with it provided she gave credit to the author and a link back. (Video screenshot courtesy of Stephanie Crawford, a REALTOR® in Nashville, Tenn. – www.NestingInNashville.com)
5. Add links to your content
Use links on your home page to provide the visitor with a deeper dive into your site. For your Web site to have value, set up your home page as the portal that allows users to easily move through to the internal pages of your site. This can be accomplished in two ways – have clear menus with obvious navigation and add in links to your existing home page content.
6. Use the video stick
These days, we prefer to watch our Internet rather than read it. Look at this shift as an opportunity. I know that many of you have already ventured into video by highlighting your listings and your community or maybe even creating a profile video. Embedded video or video that will play on the page is a big win right now. As video continues to rise in popularity, adding an embedded video or playlist is a great way to increase both traffic and the time visitors spend on a page as well as to build rapport with visitors. Videos make your home page stickier by keeping the visitors engaged for longer periods of time. If you have the right search engine optimization behind your videos, you can increase traffic to your site as well.
7. Social media HAS to be part of your Web strategy
By this, I mean more than just linking to your Facebook business page and LinkedIn profile. In fact, you might be better off downplaying those profiles so you don’t lose visitors to the social media suck. “Share this” buttons or a similar solution should be on all of your content pages, if possible, and woven throughout your site in a meaningful way. “Share this” is simple to set up and allows users to share your content on their network of choice. Use social media to drive traffic to your Web site – share your own content when you have a new post or page or if you just want to draw attention to a page on your site.
8. A word on SEO (or several words)…
Stop overthinking search engine optimization. Try to focus on your content above all else, and make a great experience for the consumer. I know that you have been taught that keywords and on-page SEO are important to a good search ranking – and they are, to a point. But don’t be keyword silly and pack your home page with the little gems. On-page SEO will only take you so far. If your site stinks, you might get the traffic from the on-page SEO, but you will lose the lead. For those who are link crammers … the same goes for you! If the experience stinks, you won’t get the business anyway.
So let’s review our best practices for your real estate Web site home page:
- Have a full IDX search, front and center
- Use calls to action and contact forms
- Be sure your design is clear and uncluttered
- Create or repurpose fresh and useful content
- Use links to drive them deeper
- Try the video stick
- Use social media to share and drive traffic
- Don’t overthink search engine optimization
Last but not least, remember, experience matters. Try to create a fantastic experience for your Web site visitor. There are lots of tricks to drive people to your site, but it’s another thing altogether to keep them there (and hopefully coming back). Don’t wait — begin optimizing your home page and get your Web site working for you today!
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Armonk NY releases Recreation Newsletter | Armonk Homes
Recreation Newsletter
February 25, 2013
Dear Robert,
The North Castle Recreation 2013 Spring Summer Brochure is now on the Town’s website. You can view and print your own copy here. The tri-fold pamphlet which simply lists the programs in spring and summer has been mailed to all Town residents. For a peak at the tri-fold click here.Mail-in registration for all spring and summer programs, including Town day camps, begins Monday, March 11. Walk-in registration begins Monday, March 18. Do not delay in registering as programs can get filled or cancelled. Please call us if you have any questions, 273-3325.
Egg Hunt EggstravaganzaBoys and girls, Pre-K through Grade 5, can participate in this fun and exciting springtime classic event. Wear boots and bring a bag to collect your goodies! Parents, please note that some toys are not recommended for children under 3 years old.Date: Saturday, March 16 (rain date 3/23)Times:10:30 AM sharp at Community Park, track field,205 Business Park Drive in Armonk.12:30 PM sharp at NC Community Center fields,10 Clove Road in North White Plains.![]()
New Spring Programs!We are pleased to offer some new programs this spring for youth and adults. In partnership with US Sports Institute, we have several options forpre-schoolers including “Parent and Me Total Sport Squirts” and “Parent and Me Soccer Squirts” for 2 and 3 year olds plus “Total Sport Squirts” and “Total Soccer Squirts” for ages 3, 4, and 5. For a program flyer of offerings in North White Plains click here,and for a program flyer of Armonk area offerings click here. Registration begins March 11 and March 18, as noted above.Plus, for adults, we are adding a recreational soccer program to be held at the North Castle Community Center in North White Plains on Tuesday evenings. For complete details, click here. En Espanol, click here. Registration is now being accepted.
To Reach UsIf the North Castle Recreation staff can be of any assistance to you, please call us at 273-3325 or visit us at Hergenhan Recreation Center. In general, Recreation Office hours are weekdays 8:30 AM to 4:30 PM. We can also be reached by e-mail at recreation@NorthCastleNY.com.






