April 12, 2019 (Shelton, Conn.) — William Raveis Mortgage (WRM), a division of Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company spanning the Northeast and Florida, announced the launch of Xcelerator365 in their growing suite of exceptional mortgage tools. A groundbreaking technology advancement, Xcelerator365 enables customers to apply for a mortgage from anywhere and expedites mortgage applications by bringing together cutting edge technology with the expertise, humanity and accountability of William Raveis Mortgage.
April 1, 2019 (Shelton, Conn.) — William Raveis Mortgage (WRM), a division of Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company spanning the Northeast and Florida, announces three new industry veterans have joined the mortgage division: Paul Hart, Francine Silberman and Mace Rattet. In addition, the company has launched a newly redesigned and upgraded mortgage web site, which includes new tools, technology and resources.
Today, our agent spotlight focuses on Jillian Klaff, a dedicated Westport agent of 25 years with three sons and four grandchildren. Jillian emigrated with her husband from South Africa in 1978 and has been in the tri-state area ever since!
February 22, 2019 (Shelton, Conn.) — William Raveis Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company spanning the Northeast and Florida, announced today it has acquired Windwalker Real Estate, with which they merged in 2015 to create the William Raveis Nantucket office.
February 13, 2019 (Shelton, Conn.) — William Raveis Real Estate, Mortgage & Insurance (WRRE), the top family-owned real estate company spanning the Northeast to Florida, announced today that they have relaunched and expanded their William Raveis Sports + Entertainment (S+E) division to include 35 official members in 4 states. S+E delivers a best-inclass concierge, relocation and lifestyle service with pace and professionalism in partnership with an advisory board of fellow athletes, agents and advisors. They make relocation effortless, enabling clients to focus on the goals most important to them: their careers and their families.
We are pleased to announce that William Raveis Real Estate, Mortgage & Insurance (WRRE), has launched the William Raveis Certified Mentor and Coach program, the first-ever, company-wide, certified training program for our managers.
As a result of our 2018 fundraising efforts from the William Raveis Ride + Walk across five states (Connecticut, Massachusetts, New York, Vermont and Florida), we have raised $552,098 with 100% going to these four Damon Runyon Scientists. Please read about the 2019 William Raveis Charitable Fund Fellowships and about their brilliant and groundbreaking cancer research.
The government shutdown, currently the longest in history at day 32, has garnered much press and has created disruption in different industries. The residential real estate & mortgage industry, however, has steered clear of any significant interruption. Though there may be minor complications in the processing of certain mortgages (i.e. those that are backed by the government), the bottom line is that the real estate & mortgage industry has incurred very few setbacks due to the shutdown.
Initially, the partial shutdown impacted the processing of 4506-T Tax transcripts which would have prevented many mortgages from closing. This form enables mortgage underwriters to obtain tax returns to verify borrower’s income. This is a requirement for the approval of most mortgage loans. When our Mortgage Bankers Association addressed the magnitude of this issue with government officials in December, the verification process resumed, and the problem was averted. Additionally, Fannie and Freddie have recently implemented more flexible policies regarding income verification and pay stub age requirements to accommodate those impacted by the shutdown.
Issues that continue are those specific to loan products backed by the Federal Government. The majority of loans are conventional loans and they are not directly affected; however, FHA Loans are backed by the government, and despite the fact these loans are closing, the process may experience some delays. VA loans have not been impacted. USDA loans are the one product that will not be closed during the shutdown.
Though not exclusive to the mortgage industry, there has been a broader impact on financial markets as a result of the uncertainty, which has driven interest rates down. If the issue is not resolved, and the shutdown is prolonged, it will have a negative impact on the positive momentum in the housing market.