At November’s Crystal Ball event, our esteemed panel shared with us their insights regarding the current market and what their respective companies are doing to aid consumers in this challenging time.
JK Huey, Wells Fargo Home Mortgage Senior Vice President REO and Short Sales, is a 29-year veteran of the mortgage industry. Huey cited many positives at Wells Fargo, regarding the current market:
- WFHM maintains a strong performing loan level; about 94% of loans they service are not delinquent.
- Over 700,000 WFHM loan customers have been helped to remain in their homes and not lose them to foreclosure. This has been accomplished with loan modifications, including principal forgiveness and deferral. Huey cited that WFHM has forgiven about $4 billion in home loans, and deferred about $2 billion.
For the other 6%, the delinquent accounts, WFHM continues to make concerted efforts to help home owners keep their homes. Those 150 or more days delinquent are most at risk of liquidation. WFHM works with these homeowners to find an alternative to foreclosure, such as short sale or deed in lieu. Huey cited their Home Preservation events and centers that help educate homeowners about all available options and opportunities to avoid foreclosure.
Unfortunately, there isn’t a viable alternative to foreclosure in every situation. However, some good news for Arizona residents, Arizona is no longer in WFHM top ten states for late stage delinquency and REO. Additionally, WFHM’s REO inventory is down 71% since the first part of 2011. Huey feels strongly it is die in large part to WFHM’s strong commitment and effort to help homeowners keep their homes, as well as more and more being liquidated through short sale as agents become more knowledgeable of and utilize that option for their clients.
Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts
Tuesday, January 17, 2012
Monday, October 10, 2011
Highly Anticipated 2012 Crystal Ball Conference
Where, on November 3rd, will you find 600 of the top thought leaders in the real estate market, as well as the top 25 brokers and the top 50 agents in Arizona? At our Crystal Ball Conference! You won't want to miss this amazing event!
For the first time in history, every major bank, servicer, and asset manager will be participating on a speakers’ panel, sharing their thoughts regarding the future of distressed property in Arizona for the next 12 months.
This is the most highly anticipated real estate event of the year! You’ll gain insight into how servicers and banks are liquidating property in Arizona. New programs, philosophies and trends of the Arizona distressed market will be discussed. Inside tips and information on how to navigate the REO short sale and pre-foreclosure market will be shared.
The illustrious panel includes:
Bill Borda, Senior Vice President with Bank of America’s Short Sale, Deed In Lieu and Real Estate Owned organization. Bill’s team is responsible for gathering voice of customer data and using that data as a catalyst for process, policy and technology changes to close more short sale transactions and improve the real estate agent and homeowner experience. Bill’s team is also responsible for conducting education on the Bank of America short sale process for real estate agents.
Bill has been with Bank of America for 12 years and served in a variety of sales, marketing and process design roles at the bank. His key accomplishments within the Home Loans organization include building a broker loyalty program, transitioning more than 5,000 banking centers from a mortgage origination channel to a referral channel and earning his Six Sigma Greenbelt Certification. Bill is a graduate of the University of Delaware and earned a Masters of Business Administration from the University of North Carolina Charlotte. He is based in Charlotte, NC, where he lives with his wife and four children.
Alex Charfen, Co-founder of the Charfen Institute, LLC, is an entrepreneur, teacher, author, speaker—and is on a mission. Has made a career out of helping agents grow their businesses by learning to cope with shifting markets and better serving their clients. Since the Institute's inception in January 2008, tens of thousands of real estate professionals have attended his education courses and achieved the Certified Distressed Property Expert® (CDPE) designation, making it the fastest-growing designation in real estate industry history.
Charfen Institute continues to set the pace for the real estate industry by leading the next wave in the market – real estate investment. The company made history again in October 2010 when it launched the only designation specifically addressing the needs of residential real estate investor clients, the Certified Investor Agent Specialist™ (CIAS) Designation.
The CIAS Designation trains real estate agents to find, create, and close with residential real estate investors, providing the necessary tools and strategies to help them make sound investment decisions for their future.
Reginald H. Givens, Foreclosure Assistance Administrator with the Arizona Department of Housing. Currently Reginald is working on the implementation and continuing development of the State’s foreclosure prevention program, Save Our Home AZ, which is part of the U.S. Department of Treasury’s Hardest Hit Fund.
Reginald successfully coordinated the State’s Your Way Home AZ program which is part of the Neighborhood Stabilization Program. Additionally, Reginald works on the National Foreclosure Mitigation Counseling program, designed to help homeowners facing foreclosure by providing them with much needed loss mitigation counseling. Through the combination of these programs, Reginald is helping to bring stability back to our housing market.
Bob Hora, Short Sale, Deed In Lieu, Real Estate Owned, BAC Field Services & LandSafe Default Executive for Legacy Asset Servicing, Bank of America Home Loans, one of the world’s leading financial services companies and the nation’s leading mortgage servicer. He leads a team of approximately 5,000 associates dedicated to assisting customers with property liquidation and foreclosure prevention strategies.
Mr. Hora has more than 27 years of leadership experience in the financial industry. Most recently, he served as Vice President and Officer for Default Management at Fannie Mae. In this role, he was responsible for supporting Fannie Mae’s servicing portfolio managing loss mitigation caseloads and preferred loss mitigation strategies, as well as managing foreclosure, bankruptcy, and retained attorney activities and related third-party support.
Prior to joining Fannie Mae, Hora was Senior Vice President at GMAC ResCap. His responsibilities included managing the special servicing and subprime loss mitigation platform for first and second liens, including instituting the HAMP program.
JK Huey, Senior Vice President REO and Short Sale, Wells Fargo Home Mortgage REO and Short Sale, headquartered in San Antonio, Texas. In her role, Huey is directly responsible for managing all REO, Short Sale and Deed-in-Lieu activities for the servicing channel.
Huey, a 29-year veteran of the mortgage industry, joined Wells Fargo in 2009. Prior to joining Wells Fargo, she was the servicing manager at IndyMac Bank and held senior management positions with Washington Mutual and HomeSide Lending. Huey has managed Customer Service, Default Management, Escrow Administration, Cash Management, Investor Reporting, Acquisitions and Retail Production.
Along with being a Certified Mortgage Banker, Accredited Mortgage Professional, a member of the MORPAC and Loan Administration Steering Committees with the Mortgage Bankers Association of America, Huey was the President of the Texas Mortgage Bankers Association from 1998-1999, the past Chairman of multiple committees, and the recipient of the Young Mortgage Banker of the Year in 1992.
Brent Taggart, Senior Vice President of business development and client relations at Green River Capital LC (GRC), a leading REO asset management and loss mitigation provider.
The real estate and mortgage trading industries are familiar ground for Taggart, who has more than 14 years experience. Before joining GRC, Taggart was the SVP of trading at 406 Partners where he was responsible for pricing, business development, and client management. He also worked for Credit Suisse in New York, where he managed pricing, due diligence, portfolio management and the portfolio’s servicing oversight as vice president of Scratch and Dent Trading.
Taggart began his career at Fairbanks Capital Corp., where he discovered a penchant for the mortgage business and began to learn the fundamentals of default servicing. He quickly moved up the company from operations to the analytics department, becoming a senior analyst who meticulously dissected large data sets for clients as well as the senior executive team and served on the Pricing Committee.
For the first time in history, every major bank, servicer, and asset manager will be participating on a speakers’ panel, sharing their thoughts regarding the future of distressed property in Arizona for the next 12 months.
This is the most highly anticipated real estate event of the year! You’ll gain insight into how servicers and banks are liquidating property in Arizona. New programs, philosophies and trends of the Arizona distressed market will be discussed. Inside tips and information on how to navigate the REO short sale and pre-foreclosure market will be shared.
The illustrious panel includes:
Bill Borda, Senior Vice President with Bank of America’s Short Sale, Deed In Lieu and Real Estate Owned organization. Bill’s team is responsible for gathering voice of customer data and using that data as a catalyst for process, policy and technology changes to close more short sale transactions and improve the real estate agent and homeowner experience. Bill’s team is also responsible for conducting education on the Bank of America short sale process for real estate agents.
Bill has been with Bank of America for 12 years and served in a variety of sales, marketing and process design roles at the bank. His key accomplishments within the Home Loans organization include building a broker loyalty program, transitioning more than 5,000 banking centers from a mortgage origination channel to a referral channel and earning his Six Sigma Greenbelt Certification. Bill is a graduate of the University of Delaware and earned a Masters of Business Administration from the University of North Carolina Charlotte. He is based in Charlotte, NC, where he lives with his wife and four children.
Alex Charfen, Co-founder of the Charfen Institute, LLC, is an entrepreneur, teacher, author, speaker—and is on a mission. Has made a career out of helping agents grow their businesses by learning to cope with shifting markets and better serving their clients. Since the Institute's inception in January 2008, tens of thousands of real estate professionals have attended his education courses and achieved the Certified Distressed Property Expert® (CDPE) designation, making it the fastest-growing designation in real estate industry history.
Charfen Institute continues to set the pace for the real estate industry by leading the next wave in the market – real estate investment. The company made history again in October 2010 when it launched the only designation specifically addressing the needs of residential real estate investor clients, the Certified Investor Agent Specialist™ (CIAS) Designation.
The CIAS Designation trains real estate agents to find, create, and close with residential real estate investors, providing the necessary tools and strategies to help them make sound investment decisions for their future.
Reginald H. Givens, Foreclosure Assistance Administrator with the Arizona Department of Housing. Currently Reginald is working on the implementation and continuing development of the State’s foreclosure prevention program, Save Our Home AZ, which is part of the U.S. Department of Treasury’s Hardest Hit Fund.
Reginald successfully coordinated the State’s Your Way Home AZ program which is part of the Neighborhood Stabilization Program. Additionally, Reginald works on the National Foreclosure Mitigation Counseling program, designed to help homeowners facing foreclosure by providing them with much needed loss mitigation counseling. Through the combination of these programs, Reginald is helping to bring stability back to our housing market.
Bob Hora, Short Sale, Deed In Lieu, Real Estate Owned, BAC Field Services & LandSafe Default Executive for Legacy Asset Servicing, Bank of America Home Loans, one of the world’s leading financial services companies and the nation’s leading mortgage servicer. He leads a team of approximately 5,000 associates dedicated to assisting customers with property liquidation and foreclosure prevention strategies.
Mr. Hora has more than 27 years of leadership experience in the financial industry. Most recently, he served as Vice President and Officer for Default Management at Fannie Mae. In this role, he was responsible for supporting Fannie Mae’s servicing portfolio managing loss mitigation caseloads and preferred loss mitigation strategies, as well as managing foreclosure, bankruptcy, and retained attorney activities and related third-party support.
Prior to joining Fannie Mae, Hora was Senior Vice President at GMAC ResCap. His responsibilities included managing the special servicing and subprime loss mitigation platform for first and second liens, including instituting the HAMP program.
JK Huey, Senior Vice President REO and Short Sale, Wells Fargo Home Mortgage REO and Short Sale, headquartered in San Antonio, Texas. In her role, Huey is directly responsible for managing all REO, Short Sale and Deed-in-Lieu activities for the servicing channel.
Huey, a 29-year veteran of the mortgage industry, joined Wells Fargo in 2009. Prior to joining Wells Fargo, she was the servicing manager at IndyMac Bank and held senior management positions with Washington Mutual and HomeSide Lending. Huey has managed Customer Service, Default Management, Escrow Administration, Cash Management, Investor Reporting, Acquisitions and Retail Production.
Along with being a Certified Mortgage Banker, Accredited Mortgage Professional, a member of the MORPAC and Loan Administration Steering Committees with the Mortgage Bankers Association of America, Huey was the President of the Texas Mortgage Bankers Association from 1998-1999, the past Chairman of multiple committees, and the recipient of the Young Mortgage Banker of the Year in 1992.
Brent Taggart, Senior Vice President of business development and client relations at Green River Capital LC (GRC), a leading REO asset management and loss mitigation provider.
The real estate and mortgage trading industries are familiar ground for Taggart, who has more than 14 years experience. Before joining GRC, Taggart was the SVP of trading at 406 Partners where he was responsible for pricing, business development, and client management. He also worked for Credit Suisse in New York, where he managed pricing, due diligence, portfolio management and the portfolio’s servicing oversight as vice president of Scratch and Dent Trading.
Taggart began his career at Fairbanks Capital Corp., where he discovered a penchant for the mortgage business and began to learn the fundamentals of default servicing. He quickly moved up the company from operations to the analytics department, becoming a senior analyst who meticulously dissected large data sets for clients as well as the senior executive team and served on the Pricing Committee.
Friday, August 5, 2011
QR Codes for Real Estate - Part 4
Today is the last installment of our QR Codes for Real Estate Series. Earlier in the week we provided an overview of QR codes, and throughout the week we provided ways in which you can use QR codes in real estate. Today we share the final two ideas for using QR codes to bolster your real estate practice. If you put these ideas to paractice, we'd love to hear your feedback!
4. Property Flyers – Considering all of the information about the listing is on the flyer right there in front of them I think that this is another opportunity to leverage video. If you have a full video tour of the home on YouTube link to that. If not create an Animoto video or something slideshow esque, upload to YouTube and link to that. If you are uncomfortable with video then link to a Vyoo.it listing page where they can then see additional photos and information that would not fit into a single page flyer. I have walked past 1000′s of real estate offices and have seen none of them leveraging this idea which again seems to fall into the no brainer category.
5. Your Vehicle – Hear me out on this one. I polled our Facebook fans a while back to see how many of them were leveraging their contact info and domain name on their ride. Seemed to be the majority. That being said how many agents have taken it to the next level and actually placed a QR Code on their car? My guess is zero, but hey I could be wrong. The strategy with this QR Code should be similar to the business card. Again, address in the video that you link to that you appreciate them taking the time to scan the QR Code on your vehicle and that if they are looking for a tech savvy agent to help them with their buying or selling needs you are the one they should contact when they are ready. An additional bonus is that if it replaces the current headshot you have on the window of your Camry I have made the world a better place!
Source: Chris Smith, Tech Savvy Agent
Thursday, August 4, 2011
QR Codes for Real Estate - Part 3
Welcome to our QR Codes for Real Estate Series. As QR codes gain in popularity and usage, we want to share some information about QR codes and ways they can be utilized in your real estate practice. Earlier in the week we provided an overview of QR codes and the first of 5 ways you can use QR codes in real estate. Today we share another idea on using QR codes to bolster your real estate practice. Stay tuned the rest of the week as each day we will post a new idea.
3. Direct Mail – Tracking ROI through the mail is now actually very easy using QR Codes. If you do just listed cards use Vyoo.it to send them to the mobile optimized site for that new listing. If you are looking to generate leads and new business you may also consider doing a video unique to the mail campaign similar to the above business card strategy. So for example you are mailing to Cypress Creek…start the video with “One of the things I love about working in the Cypress Creek area are the people…” Then obviously let them know that when the time comes to list they deserve to work with a Realtor who leverages the latest online and offline marketing. Even include images and video of the neighborhood to really give it that hyper local touch. Again offer up all of your contact info and social media URL’s in the video and on the mail itself.
Source: Chris Smith, Tech Savvy Agent
3. Direct Mail – Tracking ROI through the mail is now actually very easy using QR Codes. If you do just listed cards use Vyoo.it to send them to the mobile optimized site for that new listing. If you are looking to generate leads and new business you may also consider doing a video unique to the mail campaign similar to the above business card strategy. So for example you are mailing to Cypress Creek…start the video with “One of the things I love about working in the Cypress Creek area are the people…” Then obviously let them know that when the time comes to list they deserve to work with a Realtor who leverages the latest online and offline marketing. Even include images and video of the neighborhood to really give it that hyper local touch. Again offer up all of your contact info and social media URL’s in the video and on the mail itself.
Source: Chris Smith, Tech Savvy Agent
Wednesday, August 3, 2011
QR Codes for Real Estate - Part 2
Welcome to our QR Codes for Real Estate Series. As QR codes gain in popularity and usage, we want to share some information about QR codes and ways they can be utilized in your real estate practice. Yesterday's post was an overview of QR codes and the first of 5 ways you can use QR codes in real estate. Today we share another idea on using QR codes to bolster your real estate practice. Stay tuned the rest of the week as each day we will post a new idea.
2. Business Cards – Another no brainer in my opinion but I can envision agents screwing this up royally. If I had to guess most agents will put a QR Code on their business card that will lead to a website where the exact same information on the business card is then regurgitated. NO VALUE there beyond maybe the web visitor but again is your website even mobile friendly yet? So here is the strategy. Record a video that you upload to YouTube that is 100% specific to the fact that they got your business card and scanned it. Then use Goo.gl to generate the QR Code. So for example the beginning of the video should say “Thanks so much for taking the time to scan the QR Code on the back of my business card it was great meeting you in person…” I would also then offer them up any other resources like your Facebook Page, Blog or Twitter account letting them know that you want to connect where THEY want to connect. In the video be sure to layover text with all of the other URL’s that would be relevant and mention that when it gets closer to the time for them to buy or sell hopefully they will remember that you leverage the latest technology both off line and online!
Source: Chris Smith, Tech Savvy Agent
Thursday, December 4, 2008
Fidelity Flexmls Tips and Tricks - Map Grid, Subdivisions and Zip Code Overlays Now Available in FlexMLS Mapping
Did you know...
That there are three new overlays available in the Flexmls mapping section. Map Grid, Subdivisions and Zip Code overlays have recently been added to the system, making it easier for you to create custom map searches.
Map Grid Code Overlay
Subdivisions Overlay
Zip Code Overlays
Would you like us to bring a customized Flexmls class to your office? If so, please email info-fntarizona@fnf.com.
Pati Conover - Armls Approved Flexmls Trainer
Fidelity National Title
Thursday, November 13, 2008
Welcome To Our First Post!
Fidelity National Title is Proud to Launch their new website, http://www.fntarizona.com/
This website will not only feature the blog you are reading right now, but the website will be a one stop shop for all your marketing, escrow, title and industry needs.
Here are a few highlights:
This website will not only feature the blog you are reading right now, but the website will be a one stop shop for all your marketing, escrow, title and industry needs.
Here are a few highlights:
- Pre-Foreclosure Reports, updated weekly.
- Market Trend Reports
- Short Sale Packages
- Office Locations
- Fast Facts about Title Insurance and Real Estate Transactions
For more information on how to sign up for one of the many resources mentioned above, send an email to orders-fntmarketing@fnf.com
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