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TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Friday, November 10.
Full Video Transcript Below:
Source: albanyherald.com
TheStreet’s J.D. Durkin brings the latest business headlines from the floor of the New York Stock Exchange as markets close for trading Friday, November 10.
Source: albanyherald.com
Proposal posted for feedback will ensure long-term program viability and expanded availability for senior homeowners.
WASHINGTON – The Federal Housing Administration (FHA) today announced it has posted for industry feedback a proposed update to its Home Equity Conversion Mortgage (HECM) assignment claims eligibility policy. The proposal enables certain categories of due and payable HECMs that were previously ineligible for assignment to be assigned to HUD, enabling servicers to obtain earlier resolution of these loans through HUD’s assignment claims process. This change will support servicer liquidity and strengthen the HECM market for senior homeowners who use a HECM to age in place.
“At HUD, Home Equity Conversion Mortgages (HECM) are one of our most impactful tools to support seniors,” said HUD Secretary Marcia L. Fudge. “I am pleased that our FHA team is expanding the availability of this program so everyone can age in place with dignity.”
Under current program requirements, mortgage servicers can assign a HECM to HUD when the mortgage reaches 98 percent of the Maximum Claim Amount and there is an eligible borrower or non-borrowing spouse residing in the property. Once the mortgage is assigned to HUD and placed in HUD’s Secretary-held portfolio, FHA disburses claim funds to the mortgage servicer and assumes responsibility for servicing the mortgage. The assignment option reduces costly servicing expenses and allows mortgage servicers to obtain proceeds faster than otherwise possible through other measures.
“Today’s proposal is the latest in the series of measures we’ve taken throughout this year to facilitate greater liquidity and stability in the HECM market,” said Assistant Secretary for Housing and Federal Housing Commissioner Julia Gordon. “Preserving HECM as an option for seniors who have financial needs but want to age in place is a high priority for FHA.”
HECMs deemed due and payable have been ineligible for assignment to HUD. The proposal posted today would permit servicers to assign a HECM to HUD when the mortgage becomes due and payable due to the death of all borrowers and all eligible or ineligible non-borrowing spouses. As a result, servicers no longer will have responsibility for servicing these loans and can receive claim payments upon assignment of these mortgages.
FHA is seeking industry feedback on its proposal through December 11, 2023.
Source: hud.gov
Homebuyers finally got some relief as 30-year fixed mortgage rates dropped significantly last week.
After steadily climbing for most of the year, rates slid from 7.86% to 7.61% — the largest one-week decline in over a year — according to the Mortgage Bankers Association.
The decline follows recent signs that the economy is cooling, with a weaker-than-expected jobs report and an uptick in unemployment. Lenders tend to lower mortgage rates when there’s a sign of an economic slowdown or recession.
With mortgage rates dropping, monthly homeownership costs will become more affordable. However, home prices have risen by 30% since 2020, which has squeezed out many buyers.
Despite a brief dip in early 2023, the median U.S. home price has risen to $431,000, per the latest U.S. Census Bureau data.
Assuming that you can afford a 20% down payment on a $431,000 home, the monthly payments for a 30-year fixed mortgage with a 7.61% rate work out to $2,437.
If you’re a potential homebuyer, you can use CNBC Make It’s mortgage calculator to figure out how much your monthly mortgage payments would be based on the prevailing interest rate.
Just remember that the calculator doesn’t include additional expenses like insurance, property taxes and private mortgage insurance, which is typically required for mortgages with less than a 20% down payment.
Source: cnbc.com
Mortgage rates this week saw the biggest one-week decline in a year and potential homebuyers waiting for rates to drop responded, said Josh Mettle, division president and co-creator of NEO Home Loans.
“I think we were up right around 15% increase in the number of initial mortgage applications. That doesn’t take into consideration the number of buyers that had already applied and were sitting on the sidelines. They’ve also re-entered the home-buying process,” Mettle told HousingWire.
Many homebuyers are aware of the lack of inventory of existing homes for sale, he explained. Because of that, they want to avoid any potential bidding wars by getting back into the market earlier rather than waiting for mortgage rates to drop further.
Following the Federal Reserve’s decision to hold interest rates steady, the 10-year Treasury yield – the primary driver in the rise of longer-term interest rates – have been on the downswing. The 30-year, conventional fixed mortgage rate hit 7.48% on Friday, down from 7.55% a month ago, HousingWire’s Mortgage Rates Center showed.
The biggest question in the minds of loan originators is whether mortgage rates will fall through the end of 2023, providing some reprieve from the high-rate environment that has stifled origination volume for much of the year.
Economists pointed out that the market interpreted Federal Reserve Chair Jerome Powell’s comments at the latest Federal Open Market Committee (FOMC) press conference as dovish compared to his previous remarks.
“The way I interpret what has happened, post-press conference for Powell, is that the market is going back to their behavior from earlier this year, where they kept signaling to the Fed that we want rate cuts,” Fannie Mae Chief Economist Doug Duncan told HousingWire. “So the fact that the Fed didn’t raise rates, the market rushed to say, ‘well, rates are going to get cut.’ The decline in the 10-year Treasury yield is simply that response,”
Duncan added that Powell’s comments were balanced, indicating that there has been progress in bringing inflation down but upside risk to inflation remained. Most importantly, Powell emphasized that the committee is not thinking about rate cuts.
“It will not surprise me at all if there’s some intervening speeches that push rates back up on the 10-year Treasury yield,” Duncan said.
Speaking on Nov. 9 – a little more than a week after the Fed held benchmark rates steady – Powell said that the central bank is not confident it has done enough to bring inflation down.
“My colleagues and I are gratified by this progress but expect that the process of getting inflation sustainably down to 2% has a long way to go,” Powell said on Thursday, addressing the International Monetary Fund audience in Washington, D.C.
The 10-year Treasury yield rose after the speech, largely driven by a bad bond auction, but the bond market fell from the peak of Thursday, noted Logan Mohtashami, HousingWire’s lead analyst.
“The bad bond auction on Thursday took yields and rates higher, and Powell’s hawkish tone kept rates up there, but yields on Friday morning fell just a little,” Mohtashami said. “It’ll be interesting to see what the (market) reaction will be to the next (CPI) report.”
The direction of the 10-year Treasury yield and mortgage rates will depend on the incoming data – including the Consumer Price Index (CPI) and retail sales numbers, economists emphasized.
Danielle Hale, chief economist at Realtor.com, noted that the economy is in the monetary cycle where mortgage rate changes are based on “expectations which can shift in outsized fashion relative to changes in the actual data.”
The CPI report for October 2023 – set to release on Nov. 14 – could push mortgage rates up if CPI numbers come in higher than expected, Hale projected.
Headline inflation is broadly expected to be subdued month over month, partly due to oil prices easing from their late-September highs.
The streak of declining mortgage rates may continue into December if the next few inflation readings come in as expected, Hale projected.
Although Q3 economic growth came in “quite strong” at an annualized 9.4% rate and several job market indicators continue to show strength, as long inflation cools, the central bank is likely to pause at this level for some time, said Michael Fratantoni, MBA’s chief economist.
Fannie Mae and the MBA both expect the Fed to hold rates steady in its last 2023 FOMC meeting scheduled Dec. 12-13.
With mortgage rates falling, homebuyers are starting to realize that this may be a great time for them to get into the market while there’s lower demand, said John Crivea II, certified mortgage advisor and loan originator at Mpire Financial Group.
Crivea II saw more than a triple increase in the number of leads in the past week and sees more activity on the horizon.
“If the rates drop more and more people get more excited and come back into the market, now you’re going to be back to where we were two years ago with multiple offers in the five to 10 range,” Crivea II said.
The welcome relief in mortgage rates, however, won’t help lenders a whole lot, economists expected.
“The change of 25 basis points (bps) or a quarter of a percent, puts a very few households in the game versus out of the game. So it’s not a game-changer. If rates fell below 6%, then you’d see a pick-up in production volume,” Duncan said.
Refinance applications tend to pick up when mortgage rates drop, Hale noted. But for the industry to see a mini refi boom, mortgage rates would need to fall below 7%.
“Mortgage rates have only exceeded 7% since August, and, given the sluggishness in home sales in recent months, there aren’t many homeowners who would need to refinance by a smaller dip,” Hale said.
The spread between mortgage rates and Treasury yields remains roughly 120 basis points wider than typical, due to a combination of factors, Fratantoni noted.
MBA’s baseline forecast is for mortgage rates to end 2023 at 7.2%, reach 6.1% at the end of 2024 and drop to 5.5% by 2025. Fannie Mae expects the average 30-year, fixed-rate mortgage to land at 6.8% in 2023 and move up to 6.9% in 2024.
Loan originators emphasized any decline in rates improves affordability while the lack of housing inventory and higher home prices will continue to be a challenge.
LOs are hopeful that the end of 2023 will be different from the same period last year when their origination business was paralyzed, largely due to mortgage rates sharply surpassing the 7% mark.
“We saw extreme pain last year at this time because a 7% mortgage was just absolutely shocking at that point after 3% rates. Nobody had gotten acclimated to that higher interest rate environment because it happened so fast,” Neo’s Mettle said.
“The fourth quarter and the first quarter are always the most challenging for the mortgage industry. People believe that rates peaked just above 8%. I think it’s going to be a much more favorable year for those reasons.”
Source: housingwire.com
It’s time to check out “Inspire Home Loans,” which is the lending partner of home builder Century Communities.
They pride themselves on knowing how their parent company’s construction timelines work so your home (and) loan remain on schedule.
In addition, they offer special financing deals that are reserved only for the buyers of properties in their communities.
This means you might be able to get your hands on a low mortgage rate that outside lenders just can’t beat.
Read on to learn more about them to determine if they could be a good fit for your mortgage needs.
Inspire Home Loans is a wholly owned subsidiary of Century Communities, which offers to-be-built and quick move-in homes in a handful of states nationwide.
Their parent company consider themselves a top-10 home builder nationally, and is publicly traded under the NYSE symbol CCS.
The lending division has been around since 2016 and is headquartered in Newport Beach, CA.
Their primary focus is providing home purchase loans to buyers of newly-built homes in the many communities they operate throughout the country.
They are licensed in 18 states, including Alabama, Arizona, California, Colorado, Florida, Georgia, Indiana, Louisiana, Kentucky, Michigan, Nevada, North Carolina, Ohio, South Carolina, Tennessee, Texas, Utah, and Washington.
Per HMDA data, they are most active in the states of California, Colorado, Georgia, Nevada, and Texas.
They’ve currently got 63 sponsored mortgage loan originators (MLOs) on their staff per the NMLS.
Similar to other builder-affiliated lenders, Inspire Home Loans also operates a title insurance and settlement company called Parkway Title, and an insurance agency called IHL Home Insurance Agency.
This means you can do one-stop shopping for all your home loan needs, though it’s always prudent to shop around for these third-party services as well.
You can either visit a Century Communities new home sales office to get paired up with a loan officer, or simply go online.
If you go to their website, you can click on “Pre-qualify Today” to access a loan officer directory that lists the many communities operated by their parent company.
After selecting a state, you’ll be able to select a community to see which loan officers serve that particular development.
From there, you’ll see contact info and you’ll have the ability to get pre-qualified for a mortgage or log in if you’ve already applied.
Their digital loan application is powered by fintech company nCino. It allows you to eSign disclosures, link financial accounts, and complete the app from any device.
Once you’ve applied and been approved, you can satisfy conditions electronically by uploading necessary documents 24/7.
You’ll receive automatic status updates as your loan makes it from underwriting to closing.
You can also lean on your dedicated, human loan team that is available to assist and provide answers whenever you have questions.
They appear to offer a good balance of both tech and human touch to get you to the finish line.
And because they are affiliated with the builder, they’ll be able to communicate freely and keep your loan on track based on construction status.
As noted, Inspire Home Loans exists to serve buyers of Century Communities properties.
Since that’s all they focus on, they should have a good handle on the process.
In terms of loan choice, they’ve got all the major loan programs a home buyer could need, including conforming loans, jumbo loans, and the full array of government-backed loans.
This includes FHA loans, VA loans, and even USDA loans if purchasing a property in a rural location.
Both fixed-rate and adjustable-rate mortgage options are available, including the 15-year fixed, 5/6 ARM, and 7/6 ARM.
Additionally, they’ve got access to numerous homebuyer assistance programs, including down payment assistance and municipal bond programs.
These can come in handy if you’re short on down payment funds and/or need help with closing costs.
Inspire Home Loans also offers free access to a program called “The Ascent Club.”
It provides financial insights and recommendations to help prospective customers reach their homeownership goals.
This could include learning how to save for a down payment, how to build asset reserves, how to boost credit scores, and even improve your DTI ratio.
The goal is put homeownership within reach if there are certain fixable barriers that are holding you back.
And whether you’re a first-time home buyer or seasoned pro, they conduct free webinars to answer any mortgage questions you may have.
They don’t list their mortgage rates or lender fees online, which isn’t atypical. But I do give lenders kudos when they do. It’s a plus from a transparency standpoint.
So we don’t know how competitive they are relative to other lenders, nor do we know if they charge a loan origination fee, underwriting and processing fees, application fee, and so on.
Be sure to inquire about any and all fees when you first discuss loan pricing with a mortgage loan officer.
Once you get a rate quote, that along with the lender fees makes up your mortgage APR, which is a more effective way to compare loan costs from lender to lender.
Despite the lack of information, they do advertise mortgage rate buydowns on their home builder website.
And from what I saw, they were some of the biggest permanent and temporary mortgage rate buydowns around.
One example offered a 2/1 buydown to 3.5% for the first year, 4.5% in year two, and 5.5% fixed for the remaining 28 years.
That’s pretty tough to beat when mortgage rates are close to 7.5 today%
But as always, take the time to shop your rate with other lenders, credit unions, mortgage brokers, and so on.
Over at experience.com, Inspire Home Loans has an excellent 4.89/5-star rating from over 1,500 customer reviews.
However, they have a 1.8/5 on Yelp from about 30 reviews, though the sample size is obviously quite small. At Redfin they have a better 4.4/5 from 7 reviews, which again is a small sample.
You can also search their individual offices throughout the country on Google to see reviews by location. This could be more helpful if you work with a particular regional office.
Their parent company has an ‘A+’ rating on the Better Business Bureau (BBB) website and has been accredited since 2015.
Despite the solid letter grade rating, they’ve got a poor 1.05/5-star rating based on over 100 customer reviews. This could have to do with their numerous complaints filed over the years.
Be sure to take the time to read through some of them to see how many pertain to their lending division versus their new home building unit.
Of course, chances are if you’re using Inspire Home Loans to get a mortgage, you’re also buying a Century Communities property.
To sum things up, Inspire Home Loans has the latest tech, a good array of loan programs, and may offer pricing specials that outside lenders can’t compete with.
They have some mixed reviews, but mostly positive ones, though your mileage may vary depending on who you work with.
But even if the process has hiccups, the savings from a big mortgage rate buydown could be worth it.
Still, take the time to shop third-party lenders, brokers, banks, etc. With other offers in hand, you can negotiate and potentially land an even better deal.
The Good
The Maybe Not
Source: thetruthaboutmortgage.com
Thinking about becoming a transcriptionist? In this Transcribe Anywhere Review, I’ll go over whether this course is worth it or not. Transcription is a popular work from home job, and there’s a high demand for transcriptionists. Plus, you can make a good income with a home-based business. On average, a general transcriptionist makes about $45,000…
Thinking about becoming a transcriptionist? In this Transcribe Anywhere Review, I’ll go over whether this course is worth it or not.
Transcription is a popular work from home job, and there’s a high demand for transcriptionists.
Plus, you can make a good income with a home-based business. On average, a general transcriptionist makes about $45,000 per year, while legal transcriptionists can earn around $60,000 annually.
You might have heard of Transcribe Anywhere, a popular course for transcription training. It is self-paced training for both general and legal transcription, along with resources to improve your skills and find transcription jobs.
But, is it a worthwhile investment, and is it a worthwhile course to take?
In this Transcribe Anywhere review, I will go in-depth into the details of the course, talk about what’s included, and help you figure out if you should take this course. I’ll also answer some frequently asked questions and talk about six job alternatives related to transcription.
By the end of this article, you’ll have a clearer understanding of whether Transcribe Anywhere is the right choice for your career goals.
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
Recommended reading:
Transcription is the process of converting spoken language into written text. As a transcriptionist, your job is to listen to audio or video recordings and accurately type the spoken words into text format. This freelance job requires good listening skills to accurately transcribe what is being said.
To be successful as a transcriptionist, you will need to be good at spelling, grammar, punctuation, and maintaining focus over time.
There are many types of transcription jobs available, like general, medical, or legal transcription. As a freelance transcriptionist, you can handle different types of projects and serve various clients.
For transcription, you’ll need a computer with word processing software (like Microsoft Word), quality headphones, a foot pedal for playback, and a comfortable chair for long hours at your desk.
You might be curious, can’t a computer automatically transcribe? Well, computers often make many mistakes when transcribing, so having a human do it is more accurate and dependable.
Transcribe Anywhere is an online transcription course created by Janet Shaughnessy. This course helps people learn how to transcribe and work from home. They have two main courses: a general transcription course and a legal transcription course. Both courses are very thorough and easy to follow, making them great for beginners.
You’ll get access to many learning resources, such as audio and video files, practice dictations, and quizzes. This makes sure that you understand what it takes to become a successful transcriptionist.
Transcribe Anywhere has a free training workshop so you can learn the basics and decide if transcription is the right career for you.
Below, I will be talking about what is in Transcribe Anywhere.
Transcribe Anywhere has two main courses: General Transcription: Theory & Practice and Legal Transcription: Theory & Practice.
These courses have many modules which teach a wide range of topics related to transcription and include videos, tutorials, and practical lessons.
In a section below, I will be talking more about the lessons in each course.
If you’re considering investing in the Transcribe Anywhere courses, you’re probably wondering about the price.
Here’s a breakdown:
There are also payment plans where you can split the cost into 4 payments.
Transcribe Anywhere also can be sampled through a free training: FREE Workshop: Is a Career in Transcription Right for You?
Transcribe Anywhere comes with a helpful support group where students can engage in discussions and seek advice. You can connect with others who share your interests, providing valuable insights from individuals at different points in their transcription journey. This community serves as a valuable source of motivation, guidance, and career tips.
This community used to be in a Facebook group, but it was recently moved to a new forum dedicated to Transcribe Anywhere.
To purchase Transcribe Anywhere, visit their website and choose the course that best suits what you’re looking for. Whether you’re thinking about General Transcription or Legal Transcription, both courses have a thorough curriculum that will help you find transcription jobs.
Here are the links for the two courses:
So, what is the difference between legal transcription and general transcription?
General transcription involves converting audio and video content into written form, and it is used across various industries like academia, marketing, interviews, and films. On the other hand, legal transcription requires the same skills as general transcription, but it also demands expertise in legal terminology and documentation.
Below is more information about each course:
The General Transcription course is a training course in transcription to give students a versatile skill set for many different industries. The curriculum covers everything from basic transcription knowledge to perfecting skills for accurate transcriptions.
What’s included in this course?
Here is what is in each module:
The first module of the general transcription course teaches you the basics of becoming a transcriptionist. The lessons included are:
This module teaches you the correct usage of punctuation, spelling, and more so that you can provide high-quality and accurate transcriptions. The lessons included are:
This module teaches you different ways to work faster so that you can make more money. The lessons included are:
Module 4 is all about practicing your transcription skills. There are several practice lessons along with an answer key so that you can check your work.
This is the module where you take the final exam, and it is graded by a human on the Transcribe Anywhere team. You are given feedback as well so that you know what you can improve on. If you pass the exam (you can take it as many times as needed), you are given a Certificate of Completion.
This module teaches you how to build your transcription business and goes over topics such as:
Please click here to learn more about General Transcription: Theory and Practice.
The Legal Transcription course, on the other hand, is tailored for those wanting a specialization. This course dives deep into legal transcription, giving an in-depth understanding of legal terminologies, formats, procedures, etc. Like the General course, this one too is comprehensive; however, it is focused primarily on the legal sector.
Legal transcriptionists are in demand by a range of professionals and organizations, including attorneys, court reporters, academics, insurance companies, and research institutions, among others.
What’s included in this course?
Here is what is in each module:
Module 1 – Introduction to Legal Transcription – This module goes over what legal transcription is and goes over the basics.
Module 2 – Tools of the Trade – In this module, software and other tools are discussed. You will learn what equipment you need and where to get it.
Module 3 – Lawyers Litigate; Transcriptionists Punctuate – This module goes over parts of speech, sentences, phrases, punctuation, legal terminology, spelling, and so much more.
Module 4 – Microsoft Word for Legal Transcriptionists – This module teaches students how to notate transcripts, how to use shortcuts to increase typing speed, and more.
Module 5 – Basic Legal Correspondence & Practice Dictation – This module teaches students how to transcribe common documents from lawyers and other legal professionals, such as memos, client consultations, examinations, property deeds, and more.
Module 6 – The Legal Process and Court Procedure – This module helps students better understand the legal process, such as descriptions of types of law, steps in a civil or criminal case, and the anatomy of a court transcript.
Module 7 – Forms and Templates – This module helps students better understand different legal documents that are used in judicial proceedings.
Module 8 – Practice Transcription of Court Proceedings – In this module, students can practice transcribing court proceedings.
Module 9 – Depositions – This module helps students better understand the deposition process. There are also practice audio files that students can work on.
Module 10 – Law Enforcement – Students can practice law enforcement transcripts in this module.
Module 11 – Conferences and Legal Association Meetings – This module is all about how to transcribe legal meetings and conferences.
Module 12 – Time Coding for Legal Transcriptionists – This module teaches students how to transcribe documents that include time stamps.
Module 13 – Resources and Final Exam – This module links to helpful tools and resources such as writing and style guides, legal resources, dictionaries, and more. The final exam is also located in this module.
Please click here to learn more about Legal Transcription: Theory and Practice.
Transcribe Anywhere has helped many students start their transcription careers. Many students of Transcribe Anywhere have built successful transcription businesses after completing the course.
Here are some Transcribe Anywhere testimonials:
“I purchased this general transcription training course recently to help me get started in a new career and I couldn’t be happier with my decision. This is an extremely comprehensive course. There’s NOTHING out there like this (believe me, I looked) and it has ALL you need to get started! I highly recommend this course!” – Laura P.
“I took kind of a backward journey to Janet’s course! I started work doing legal transcription several months ago. I took the Transcribe Anywhere course “Legal Transcription: Theory and Practice” as a way to increase my skill set. The course was great! I discovered what I didn’t know, which not only helps me with my current work but also with obtaining my CET certification, which I want to do in the next few months. If anyone is wondering about legal transcription work in general, I can tell you I love it. The work is so interesting to me, and the ability to work from home is wonderful. I have a fairly active family, and I love being able to switch my hours around and work early, late, or weekends if I need to.” – Krista K.
“My husband was recently transferred to another state for work and I cannot join him until my son graduates from high school. This created a financial burden for us as we were going to have a house payment and a rent payment in another state. I needed to generate some income for us quickly but I didn’t want to work outside the home. I began the legal transcription course in April. There were definitely times when I thought I wouldn’t be able to complete the course because it is not easy. However, I knew I needed to do this for my family and I persevered, passing my final exam at the end of July. I began searching for work soon after, and within two weeks was hired on doing government work. Staying the course and completing what I started has allowed me to generate an additional $1600 per month for my family. If you are looking for a reputable course, this is it! Without this course, I would never have been able to work from home and generate this kind of income.” – Tracy R.
You can read more Transcribe Anywhere testimonials here.
Transcribe Anywhere has a positive reputation on BBB with an A+ rating.
A Transcribe Anywhere review wouldn’t be complete without talking about the pros and cons of Transcribe Anywhere.
As you can see, the advantages of Transcribe Anywhere outweigh any potential downsides. The helpful course lessons make it worth the time and cost for many people.
Below are answers to common questions about Transcribe Anywhere and their courses.
Should you take a course to learn transcription if you’re just starting out?
Enrolling in a transcription course can be a good idea for many. This course teaches skills like fast and accurate typing, and how to use transcription software. They can also help you find jobs and kickstart your career.
However, if you’re a quick learner with strong grammar and typing skills, you might find beginner transcription work without needing a course. There are also free resources online, like tutorials and practice tests, to help you get started.
Yet, for specialized and higher-paying transcription jobs, like legal or medical transcription, a course is often necessary.
As long as you’re willing to put in the hard work to master the skill, the courses seem to be worth it.
Transcribe Anywhere is designed for people looking for a career in transcription or anyone looking to improve their transcription skills. Whether you’re a beginner or an experienced transcriptionist looking to improve your skills, Transcribe Anywhere has helpful training.
Both the general and legal transcription courses take around 2 to 4 months to finish. The two courses are self-paced, which means you can take as much (or as little!) time as you need to complete them.
Janet Shaughnessy is the founder of Transcribe Anywhere and an experienced transcriptionist. She also runs her own transcription business called Zoom Transcription Services. She created Transcribe Anywhere to teach others the skills needed to become successful transcriptionists and find clients.
Beginner transcribers’ earnings depend on factors like the company you work for and how fast you can type. Typically, transcriptionists make between $15 to $30 per hour. It’s worth knowing that transcription jobs often pay based on the duration of the audio you’re transcribing. This means that if you have excellent listening and typing skills, you’re likely to complete assignments more quickly, allowing you to make more money. While transcription work won’t make you wealthy, it offers a legitimate way to earn money from home with the flexibility to structure your workweeks.
This is an online typing job that depends a lot on how fast you can type – the faster you can type, the more money you can most likely make.
Recommended: 20+ Best Jobs That Pay $20 An Hour Or More
Transcribe Anywhere has free training: FREE Workshop: Is a Career in Transcription Right for You?
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In this free training, you will learn what transcription is, why it’s a highly in-demand skill, who hires transcriptionists, how to become a transcriptionist, and more.
General and legal transcription programs do not have national accreditation. But, Transcribe Anywhere is recognized as an approved school by the American Association of Electronic Reporters and Transcribers (AAERT).
Transcribe Anywhere has received a lot of positive reviews for its very helpful courses and is often said to be the best transcription course out there.
In this section, we’ll look at some jobs similar to transcription.
Bloggers write content on different topics, such as finance, travel, lifestyle, food, and more. There is a lot of typing involved as a blogger, which is what makes it a little similar to transcribing.
I have been blogging for over 10 years, and it’s my favorite way to work from home. Highly recommend it!
If you are interested in becoming a blogger, I recommend signing up for the How To Start A Blog FREE Course. In this free course, I show you how to create a blog, from the technical side to earning your first income and attracting readers.
Recommended reading: How To Monetize A Blog: How I Grew A $5 Million Blog
If you’re skilled at spotting grammar and punctuation mistakes, proofreading could be an ideal job for you. As a proofreader, your role is to review written material, making sure that it’s free from any grammatical, spelling, or punctuation errors.
If you are interested in finding online proofreading jobs, I recommend signing up for this free 76-minute workshop all about how to start a freelance proofreading business. You can sign up for free here.
Recommended reading: 20 Best Online Proofreading Jobs For Beginners (Earn $40,000+ A Year)
A virtual assistant (VA) provides administrative, technical, or creative support to clients from a remote location (such as their home office). VAs may handle emails, schedule appointments, or manage social media accounts.
If you are interested in finding part-time virtual assistant jobs or even full-time ones, I recommend signing up for the free workshop 5 Steps To Become a Virtual Assistant. Here, you will learn how to become a virtual assistant, even if you have no experience.
Recommended reading: Best Ways To Find Virtual Assistant Jobs
If you are fluent in two or more languages, working as a translator might be a great fit for you. As a translator, you’ll be converting written text from one language to another while preserving the meaning and context.
Freelance writers write articles, blog posts, ebooks, or even social media content for clients.
Recommended reading: 14 Places To Find Freelance Writing Jobs – (Start With No Experience!)
Bookkeepers are responsible for helping businesses take care of their finances, such as by tracking receipts and spending.
If you are interested in finding online bookkeeping jobs, I recommend signing up for this free workshop all about finding a virtual bookkeeping job. Here, you will learn how to start a freelance bookkeeping business. You can sign up for free here.
Recommended reading: Online Bookkeeping Jobs: Learn How To Get Started Today
I hope you enjoyed this Transcribe Anywhere review.
If you want to become a transcriptionist, then the two courses sold by Transcribe Anywhere are a great place to start your new career.
Transcribe Anywhere’s courses help you turn your transcription skills into a career. They teach not only transcription but also how to find good-paying clients and run your business successfully.
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Source: makingsenseofcents.com
A new listing has recently come to market within a stone’s throw from the prestigious Harvard University in Cambridge, Massachusetts, and we’re here to take you on a quick tour of the stylish abode.
Especially since its unassuming exterior doesn’t give away the polished, contemporary interiors that await inside.
The luxury home — priced at $18.5 million — blends Japanese, Scandinavian, Italian, and French influences to extraordinary results. Gail Roberts, Ed Feijo & Team with Coldwell Banker Global Luxury hold the listing.
“This home was designed to not be ostentatious as you approach from the street. But once you experience the property from the grounds to the interior, you know that this property has it all,” listing agent Ed Feijo tells us.
So let’s take a look inside, where there’s no shortage of beautifully appointed spaces created for living, entertaining, creating, or relaxing.
Completed by the Cafasso Design Group with an eye toward artistic flair, modern tech and environmental stewardship, the nearly 8,000-square-foot home has 6 beds, 6.5 baths, and standout amenities like a glass-enclosed office, wet bar, cinema, gym, and a Western Red Cedar Sauna.
The home is anchored by a twisting sculptural staircase that steals the show.
Throughout the house, we find influences of contemporary Japanese, Scandinavian, Italian, and French design, with European influences seamlessly blending with Asian-inspired details.
Prominently showcased in the eat-in chef’s kitchen, there are custom Italian walnut cabinets, Calacatta Gold marble countertops, a massive island, two sinks, two dishwashers, Gaggenau 400 Series double oven, and site-built pantry systems.
Notably, the kitchen offers a 78” Gaggenau 400 Series 4-module cooktop configuration that includes state-of-the-art burners for wok cooking and Teppanyaki.
Upstairs, there is a lavish primary suite with spacious custom closets outfitted by Scavolini of Italy, and a spa-like en-suite bath with a soaking tub and curbless open shower.
See also: What happened to Aaron Hernandez’s house in Massachusetts?
In addition to more bedrooms and artisan bathrooms, there is a custom glass-enclosed office and a family room with a striking floating gas fireplace.
With elegantly designed living & lounging spaces for guests & family on the first floor and lower level, there are plenty of spaces dedicated to private moments throughout the home too.
The beautifully appointed home has a lower level geared towards entertainment, featuring an exquisite wet bar, home cinema, gym, and guest suite.
But don’t let that fool you into thinking that wellness, self-care, and relaxation may have been overlooked.
The home has an extensive spa with a steam shower, surround sound, and WiFi-controlled amenities, anchored by a Western Red Cedar Sauna that looks like it’s been plucked right out of a world-class spa.
Tucked away inside a picturesque enclave off Brattle Street, the Cambridge, Massachusetts house is surrounded by oasis-like grounds consisting of lush grass, mature trees, a sophisticated outdoor kitchen, deck, and patio all enclosed by a privacy fence and protected by the latest app-controlled security systems.
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Source: fancypantshomes.com
The Asian Real Estate Association of America (AREAA) today released its annual A-List which honors 162 individual real estate agents and 83 teams for outstanding production in 2022, along with 36 mortgage professionals. The A-List honorees, all AREAA members, generated more $15.4 billion in sales volume from 20,472 transaction sides in 2022. A-List honorees will be recognized at AREAA’s National Convention on October 12-14 in Chicago.
The list of real estate agents and teams on the A-List was produced again by leading-industry observer RealTrends in partnership with Bank of America. AREAA honored 167 individual agents and teams a year ago.
Shirley Gary of Ansley Christie’s Real Estate generated 263 transaction sides in 2022 to lead all individual sales professionals on the A-List. She was listed 22nd in the nation on RealTrends’ “The Thousand.” Danielle Moy (204 sides) with @Properties in Orland Park, Ill., Eric Delgado (201) with Keller Williams Encino Sherman Oaks in Encino, Calif., Meghan Clarkson (140) with Long & Foster Real Estate in Chincoteague Island, Va., and Stephanie Vitacco (137.5) with Equity Union in Encino, Calif. followed on the sides list.
Tracy Allen of Coldwell Banker Realty in Honolulu, Hawaii, generated $200.92 million in 2022 volume to lead the A-List. She was 77th in RealTrends’ “The Thousand.”, Gary ($191.42 million) was second followed by Vitacco ($180.47 million), Delgado ($147.64 million), and Zar Zanganeh with The Agency Las Vegas ($112.28 million).
Long Doan’s Realty Group in Minneapolis, Minn., repeated as the top team on the A-List team transaction sides list with 4,412 in 2022. The Advanced Super Team (2,893 sides) led by Calvin Gong in Arcadia, Calif., was second followed by Kenny Truong’s Fast Real Estate (977) with eXp in Oakland, Calif., Kyle Yeatman’s Yeatman Group (919.23) with Long & Foster Real Estate in Midlothian, Va., and Momentum Realty (482), led by Michael Ramos, in San Jose, Calif.
The Advanced Super Team earned top honors in sales volume, generating $2.69 billion in 2022, followed by the Realty Group with $1.5 billion. The next three highest-earners in sales volume were Fast Real Estate ($755.9 million), Andy Tse’s Intero Real Estate Services in Saratoga, Calif. ($712.3 million), and the Yeatman Group ($413.1 million).
For the second straight year, Shashank Shekhar, the founder and CEO of InstaMortgage in San Jose, Calif., was the top loan originator by mortgage units with 400 closed mortgages in 2022. Leading the A-List in mortgage volume was Joanna Yu of US Bank in Los Altos Hills, Calif., with 244.3 million in volume, marking her second straight year leading in her respective category.
“AREAA’s A-List is eagerly anticipated each year,” said AREAA President Kurt Nishimura. “This list not only gives us insight into the growth and success of our members, but it also shows the full impact that AANHPI real estate professionals have on the industry. This professionalism within our AREAA membership is widely known within the real estate industry. This group is a major reason why. Their production is awe-inspiring.”
The A-List was developed using these criteria:
The top 50 in each real estate category and top 30 in the mortgage categories follow. Click here for the full list of the 2023 A-List:
Individual Real Estate Agents Sides
Rank | Name | Company | City, State | Sides |
1 | Shirley Gary | Ansley Christie’s Real Estate | Atlanta, GA | 263 |
2 | Danielle Moy | @properties | Orland Park , IL | 204 |
3 | Eric Delgado | Keller Williams Encino Sherman Oaks | Encino, CA | 201 |
4 | Meghan O Clarkson | Long & Foster Real Estate, Inc. | Chincoteague Island, VA | 140 |
5 | Stephanie Vitacco | Equity Union | Encino, CA | 137.5 |
6 | Soomin Kim | eXp Realty | Liberty Hill, TX | 114 |
7 | Anthony Domathoti | EXIT Realty Premium | Bronx, NY | 88 |
8 | Oscar Garcia | Berkshire Hathaway HomeServices Carolina Premier Properties | Wilmington, NC | 83 |
9 | Sairavi Suribhotla | Real People Realty | Bolingbrook, IL | 81 |
10 | Karen Sorenson | RE/MAX Newport Elite | Racine, WI | 79 |
11 | Randy Hatada | XPand Realty & Property Management | Las Vegas, NV | 78 |
12 | Christine Do | Keller Williams Realty Easton | Easton, MA | 76.8 |
13 | Ruth Manzano Javier | Five Star Realty, Inc. | Ewa Beach, HI | 72.9 |
14 | Peter Luu | eXp Realty | Orlando, FL | 68.5 |
15 | Dane Gates | Berkshire Hathaway HomeServices Premier Properties | The Woodlands, TX | 62 |
T16 | Zar Zanganeh | The Agency Las Vegas | Las Vegas, NV | 61 |
T16 | Blair Myers | Better Homes and Gardens Real Estate Metro Brokers | Mcdonough, GA | 61 |
18 | Leslie Webb | Long & Foster Real Estate, Inc. | Winchester, VA | 60.9 |
T19 | Kat Massetti | RLAH @properties | Clifton, VA | 60 |
T19 | Magda Esola | DRB Homes | Charlotte , NC | 60 |
21 | Julie Gritton | Coldwell Banker Premier | Lewes, DE | 58.2 |
22 | Trang Dunlap | Intero Real Estate Services | Fremont, CA | 57.5 |
23 | Cynthia Li | Keller Williams Allen | Allen, TX | 56.3 |
24 | Fion Yau | Coldwell Banker Realty | San Francisco, CA | 54.5 |
25 | Sacha Blanchet | Coldwell Banker Realty | Phoenix, AZ | 52.1 |
T26 | Randy Char | Las Vegas Sotheby’s International Realty | Las Vegas, NV | 52 |
T26 | Soo Yu | Eastern Realty Inc | Fort Lee, NJ | 52 |
T26 | Susan Kliesen | RE/MAX Center | Duluth, GA | 52 |
T29 | Samantha Huang | Corcoran Icon Properties | San Francisco, CA | 51 |
T29 | Kyle Guinto | Redfin | Cleveland, OH | 51 |
31 | Laura Miller | Keller Williams Realty Sacramento Metro | Sacramento, CA | 49 |
32 | Stephanie Young | Coldwell Banker Realty | Newport Beach, CA | 48 |
33 | LuAnn Shikasho | eXp Realty | Elk Grove, CA | 47 |
T34 | Ellie Yung | Coldwell Banker Realty | Irvine, CA | 43 |
T34 | Lina Shah | Coldwell Banker Realty | Oakbrook Terr, IL | 43 |
36 | Lilian Jorgenson | Long & Foster Real Estate, Inc. | Mclean, VA | 42 |
T37 | Jen Gong | Keller Williams Realty | Irvine, CA | 41 |
T37 | Christie Xie | Nuage Real Estate Group | Newton, MA | 41 |
T37 | Lina Lee | @properties | Chicago, IL | 41 |
T37 | Raquel Lavender | Keller Williams Realty Atlanta Partners | Stockbridge, GA | 41 |
T37 | Anita Vining | Berkshire Hathaway HomeServices Florida Network Realty | Jacksonville, FL | 41 |
T42 | Rebecca Chen | Realty Executives | Scottsdale, AZ | 40 |
T42 | Job Hammond | Dash Realty | Austin, TX | 40 |
T42 | Michael Jones | Coldwell Banker Realty | Columbus, OH | 40 |
45 | Alexander Phan | Keller Williams Realty Professionals | Portland, OR | 39.5 |
46 | Erin Stumpf | Coldwell Banker Realty | Sacramento, CA | 39.2 |
47 | Gregory Tran | Keller Williams Realty Southwest Market Center | Austin, TX | 39 |
48 | Tracy Allen | Coldwell Banker Realty | Honolulu, HI | 38.1 |
49 | Bonnie Lai | RE/MAX Unlimited | Brookline, MA | 38 |
50 | Judy Cuong | Portfolio Real Estate | Elk Grove, CA | 37.5 |
Individual Real Estate Agents Volume
Rank | Full Name | Company | City, State | Volume |
1 | Tracy Allen | Coldwell Banker Realty | Honolulu, HI | $200,915,000 |
2 | Shirley Gary | Ansley Christie’s Real Estate | Atlanta, GA | $191,421,755 |
3 | Stephanie Vitacco | Equity Union | Encino, CA | $180,470,891 |
4 | Eric Delgado | Keller Williams Encino Sherman Oaks | Encino, CA | $147,640,279 |
5 | Zar Zanganeh | The Agency Las Vegas | Las Vegas, NV | $112,277,811 |
6 | Trang Dunlap | Intero Real Estate Services | Fremont, CA | $87,627,477 |
7 | Soomin Kim | eXp Realty | Liberty Hill, TX | $86,260,453 |
8 | Dano Sayles | Coldwell Banker Island Properties | Wailea, HI | $78,372,030 |
9 | Samantha Huang | Corcoran Icon Properties | San Francisco, CA | $75,895,586 |
10 | Jen Gong | Keller Williams Realty | Irvine, CA | $72,447,525 |
11 | Randy Char | Las Vegas Sotheby’s International Realty | Las Vegas, NV | $64,100,900 |
12 | Ellie Yung | Coldwell Banker Realty | Irvine, CA | $63,543,878 |
13 | Danielle Moy | @properties | Orland Park , IL | $60,219,349 |
14 | Herman Chan | Golden Gate Sotheby’s International Realty | Berkeley, CA | $59,777,024 |
15 | Ruth Manzano Javier | Five Star Realty, Inc. | Ewa Beach, HI | $57,401,605 |
16 | Roxann Taylor | Engel & Völkers Dallas Southlake | Southlake, TX | $57,272,004 |
17 | Stephanie Young | Coldwell Banker Realty | Newport Beach, CA | $55,972,176 |
18 | Lilian Jorgenson | Long & Foster Real Estate, Inc. | Mclean, VA | $52,549,152 |
19 | Janice Lee | Coldwell Banker Realty | San Francisco, CA | $51,452,900 |
20 | Peter Luu | eXp Realty | Orlando, FL | $51,337,904 |
21 | Christine Do | Keller Williams Realty Easton | Easton, MA | $51,298,499 |
22 | Fion Yau | Coldwell Banker Realty | San Francisco, CA | $48,735,750 |
23 | Lina Shah | Coldwell Banker Realty | Oakbrook Terr, IL | $46,633,500 |
24 | Henry Liu | Coldwell Banker Dynasty | Arcadia, CA | $45,288,800 |
25 | Beth Chang | Coldwell Banker Realty | Honolulu, HI | $41,380,250 |
26 | Carlos Alleyne | RE/MAX Select Group | Delray Beach, FL | $40,664,665 |
27 | Amanda Lee | The Avenue Home Collective | San Diego, CA | $38,781,800 |
28 | Meghan O Clarkson | Long & Foster Real Estate, Inc. | Chincoteague Island, VA | $38,322,224 |
29 | Linda Lee | Keller Williams Realty | San Diego, CA | $38,305,020 |
30 | Anita Vining | Berkshire Hathaway HomeServices Florida Network Realty | Jacksonville, FL | $38,234,500 |
31 | Sairavi Suribhotla | Real People Realty | Bolingbrook, IL | $36,444,648 |
32 | Jenny Law | Kuper Sotheby’s International Realty | Austin, TX | $36,171,749 |
33 | Kat Massetti | RLAH @properties | Clifton, VA | $35,370,639 |
34 | Laura Miller | Keller Williams Realty Sacramento Metro | Sacramento, CA | $35,319,340 |
35 | Adam Rodell | RE/MAX Select One | Huntington Beach, CA | $34,758,500 |
36 | Reid Sanborn | Engel & Völkers Sun Valley | Ketchum, ID | $31,457,759 |
37 | Dane Gates | Berkshire Hathaway HomeServices Premier Properties | The Woodlands, TX | $31,283,375 |
38 | Rachel Turner | Coldwell Banker Realty | Yorba Linda, CA | $31,228,213 |
39 | Magda Esola | DRB Homes | Charlotte, NC | $30,965,899 |
40 | LuAnn Shikasho | eXp Realty | Elk Grove, CA | $30,704,228 |
41 | Randy Hatada | XPand Realty & Property Management | Las Vegas, NV | $30,680,559 |
42 | Joseph Chow | Redfin | Irvine, CA | $30,210,717 |
43 | Thomas Tran | Advance Estate Realty | Westminster, CA | $29,602,806 |
44 | Gregory Tran | Keller Williams Realty Southwest Market Center | Austin, TX | $29,143,935 |
45 | Julie Gritton | Coldwell Banker Premier | Lewes, DE | $28,395,910 |
46 | Sacha Blanchet | Coldwell Banker Realty | Phoenix, AZ | $28,141,469 |
47 | Jennifer Ouk | eXp Realty | Alameda, CA | $27,703,831 |
48 | Eric Yamamoto | Refined Real Estate Hawaii LLC | Ewa Beach, HI | $27,435,409 |
49 | John Messina | Daniel Gale Sotheby’s International Realty | Cold Spring Harbor, NY | $27,333,250 |
50 | Theresa Valencic | Long & Foster Real Estate | McLean, VA | $26,497,093 |
Real Estate Team Sides
Rank | Team Lead(s) | Company | City, State | Sides |
1 | Long Doan | Realty Group LLC | Minneapolis, MN | 4412 |
2 | Calvin Gong | Advanced Super Team | Arcadia, CA | 2893 |
3 | Kenny Truong | Fast Real Estate – eXp | Oakland, CA | 977 |
4 | Kyle Yeatman | The Yeatman Group, Long & Foster Real Estate | Midlothian, VA | 919.23 |
5 | Michael Ramos | Momentum Realty – SIDE | San Jose, CA | 482 |
6 | Johnny Rojas | The Rojas Team Group – Century 21 | Garfield, NJ | 425 |
7 | Kevin Cruz | Kinetic Real Estate – SIDE | Daly City, CA | 353.7 |
8 | Samantha Tov | Portfolio Real Estate – SIDE | Elk Grove, CA | 350 |
9 | Andy Tse | Intero Real Estate Services | Saratoga, CA | 296 |
10 | Anna Chi Yan Huang | THE SUPERIOR REALTY GROUP – eXp | Elk Grove, CA | 294 |
11 | Melissa Sofia | The Avenue Home Collective – SIDE | San Diego, CA | 218 |
12 | Mindy Luong | HPT REALTY & FINANCE | Westminster, CA | 184 |
13 | Nancy Li | Li Team – Keller Williams | Henderson/Las Vegas, NV | 170 |
14 | Dave & Liz Goodchild | The Goodchild Team – Berkshire Hathaway HomeServices Starck Realty | Palatine, IL | 167 |
15 | Tommy Choi & Josh Weinberg | Weinberg Choi – Keller Williams | Chicago, IL | 163.9 |
16 | Darlene Streit | Darlene Streit – Sotheby’s International Realty | Santa Fe, NM | 142 |
17 | Tim Hur/Helen Nguyen | Point Honors and Associates, Realtors® | Atlanta, GA | 141 |
18 | Andrew Peters | The Peters Team – Keller Williams | Peachtree Corners, GA | 128 |
19 | Phat Nguyen/Julie Phan | Team Affinity | Orlando, FL | 125 |
20 | Mei Ling | 8 Blocks Real Estate – SIDE | Santa Clara, CA | 117 |
21 | Michael Saladino | The Saladino Sells Team – Keller Williams | Chicago, IL | 105 |
22 | Marcus Lee | The Condo Advisory – Compass | San Francisco, CA | 97 |
23 | Charan Bajwa | Team Charan Bajwa – RE/MAX | Monmouth Junction, NJ | 94 |
24 | Steven Huang | Ascend Real Estate – SIDE | San Francisco, CA | 93 |
25 | Connie Van | Connie Van Real Estate Group – Keller Williams | Elk Grove, CA | 91.5 |
26 | Janet Moore | Tampa Lux Group – Premier Sotheby’s International Realty | Tampa, FL | 89 |
27 | Clay Byrne | Byrne Real Estate Group – Keller Williams | Austin, TX | 87.7 |
T28 | Andrew Chong | Esther Chong Realty Group – Keller Williams | Duluth, GA | 86 |
T28 | Michelle Kauffman | Kauffman and Co.Team – Berkshire Hathaway HomeServices Premier Properties | Lubbock, TX | 86 |
30 | Meshell Perry/Elaine Samaan | Dogwood Realty – SIDE | Jacksonville, FL | 84 |
31 | Laura Soride | The Laura Soride Team – RE/MAX | Coralville, IA | 83 |
32 | Hoang “Alex” Dong | Texas Ace Team – eXp | Garland, TX | 82 |
33 | Jamie Younger | Long & Foster Real Estate, Inc. | Richmond, VA | 74.8 |
34 | Lisa Nguyen | The International Group at RE/MAX Professionals – | Lakewood, CO | 74 |
35 | Tere Foster/Moya Skillman | Team Foster Skillman – Compass | Seattle, WA | 69 |
T36 | Phil Chen | Sybarite Realty – LeadingRE | Burlingame, CA | 67 |
T36 | Crystal Florida | Crystal Florida and Associates – Compass | Oakland, CA | 67 |
38 | Lisa Larkin, Esq. | The Valley Team – RE/MAX | Tucson, AZ | 65 |
39 | Amy Duong Kim | Duong Kim Global – Compass | Chicago, IL | 64 |
40 | Smitha Ramchandani | SR Real Estate Group – LeadingRE | Summit, NJ | 62 |
41 | Amin Delawalla | The Delawalla Group – Berkshire Hathaway HomeServices Beach Properties of Florida | Watersound, FL | 61 |
42 | Scottee Downing | Downing + Ivicic Group – Compass | Austin, TX | 60.2 |
43 | Peter Au/Alice Schroeder | Avant Team – Berkshire Hathaway HomeServices California Properties | Irvine, CA | 60 |
44 | Tiffany Curry | Berkshire Hathaway HomeServices Tiffany Curry & Co., REALTORS® | Houston, TX | 59 |
45 | Shirley Qing | QQ Realty – Keller Williams | Houston, TX | 57 |
T46 | Kenneth Er | The Er Group – Compass | Oakland, CA | 55 |
T46 | Ivona Kutermankiewicz | IKGroup – Berkshire Hathaway HomeServices Chicago | Chicago, IL | 55 |
T46 | Sujatha Bhaskara | SB Group – Keller Williams | Morganville, NJ | 55 |
49 | Brandy Nelson | Windermere Desert Properties | Palm Desert, CA | 53.7 |
50 | Amy Kong | Trust Real Estate – SIDE | San Bruno, CA | 52 |
Real Estate Team Volume
Rank | Team Lead(s) | Company | City, State | Volume |
1 | Calvin Gong | Advanced Super Team | Arcadia, CA | $2,687,975,024 |
2 | Long Doan | Realty Group LLC | Minneapolis, MN | $1,498,998,311 |
3 | Kenny Truong | Fast Real Estate – eXp | Oakland, CA | $755,895,809 |
4 | Andy Tse | Intero Real Estate Services | Saratoga, CA | $712,326,908 |
5 | Kyle Yeatman | The Yeatman Group, Long & Foster Real Estate | Midlothian, VA | $413,051,704 |
6 | Kevin Cruz | Kinetic Real Estate – SIDE | Daly City, CA | $324,703,957 |
7 | Michael Ramos | Momentum Realty – SIDE | San Jose, CA | $315,405,620 |
8 | Tere Foster/Moya Skillman | Compass – Compass | Seattle, WA | $299,653,909 |
9 | Phil Chen | Sybarite Realty – LeadingRE | Burlingame, CA | $232,233,580 |
10 | Samantha Tov | Portfolio Real Estate – SIDE | Elk Grove, CA | $204,611,502 |
11 | Melissa Sofia | The Avenue Home Collective – SIDE | San Diego, CA | $198,657,990 |
12 | Darlene Streit | Darlene Streit – Sotheby’s International Realty | Santa Fe, NM | $198,076,149 |
13 | Mei Ling | 8 Blocks Real Estate – SIDE | Santa Clara, CA | $192,440,560 |
14 | Anna Chi Yan Huang | The Superior Realty Group – eXp | Elk Grove, CA | $172,527,046 |
15 | Mindy Luong | HPT Realty & Finance | Westminster, CA | $162,668,000 |
16 | Marcus Lee | The Condo Advisory – Compass | San Francisco, CA | $158,419,452 |
17 | Johnny Rojas | The Rojas Team Group – Century 21 | Garfield, NJ | $157,196,846 |
18 | Steven Huang | Ascend Real Estate – SIDE | San Francisco, CA | $140,758,571 |
19 | Eddy Chen | Vertex Diamond – RE/MAX | Alhambra, CA | $131,607,042 |
20 | Beth Billington | The Beth Billington Team – Coldwell Banker | Bellevue, WA | $121,869,950 |
21 | Tommy Choi & Josh Weinberg | Weinberg Choi – Keller Williams | Chicago, IL | $94,235,997 |
22 | Andrew Chong | Esther Chong Realty Group – Keller Williams | Duluth, GA | $89,270,462 |
23 | Nancy Li | Li Team – Keller Williams | Henderson/Las Vegas, NV | $86,597,825 |
24 | Amin Delawalla | The Delawalla Group – Berkshire Hathaway HomeServices Beach Properties of Florida | Watersound, FL | $71,962,318 |
25 | Tadashi Kondo | The Kondo Group – Compass | Rancho Palos Verdes, CA | $63,790,989 |
26 | Peter Au/Alice Schroeder | Avant Team – Berkshire Hathaway HomeServices California Properties | Irvine, CA | $62,433,779 |
27 | Tim Hur/Helen Nguyen | Point Honors and Associates, Realtors® | Atlanta, GA | $62,332,861 |
28 | Clay Byrne | Byrne Real Estate Group – Keller Williams | Austin, TX | $61,542,826 |
29 | Kayla Lee | Kayla Lee Team | New York, NY | $61,008,822 |
30 | Lily Do | Lily Cai Do – Compass | Contra Costa, CA | $60,744,200 |
31 | Kenneth Er | The Er Group – Compass | Oakland, CA | $60,075,330 |
32 | Crystal Florida | Crystal Florida and Associates – Compass | Oakland, CA | $58,906,773 |
33 | Andrew Peters | The Peters Team – Keller Williams | Peachtree Corners, GA | $57,871,883 |
34 | Amy Kong | Trust Real Estate – SIDE | San Bruno, CA | $55,428,400 |
35 | Connie Van | Connie Van Real Estate Group – Keller Williams | Elk Grove, CA | $54,863,093 |
36 | Dave + Amy Chung | The Dave + Amy Chung Team – Compass | Chicago, IL | $54,105,965 |
37 | Phat Nguyen/Julie Phan | Team Affinity | Orlando, FL | $51,309,695 |
38 | Dave & Liz Goodchild | The Goodchild Team – Berkshire Hathaway HomeServices Starck Realty | Palatine, IL | $51,058,667 |
39 | Wailani O’Herlihy | The O’Herlihy Group – Sotheby’s International Realty | Malibu, CA | $46,935,962 |
40 | Charan Bajwa | Team Charan Bajwa – RE/MAX | Monmouth Junction, NJ | $45,093,166 |
41 | Scottee Downing | Downing + Ivicic Group – Compass | Austin, TX | $44,578,171 |
42 | Ivona Kutermankiewicz | IKGroup – Berkshire Hathaway HomeServices Chicago | Chicago, IL | $44,548,542 |
43 | Garrick Yan | Garrick Yan Group – eXp | San Leandro, CA | $42,474,639 |
44 | Smitha Ramchandani | SR Real Estate Group – LeadingRE | Summit, NJ | $41,150,687 |
45 | Michael Saladino | The Saladino Sells Team – Keller Williams | Chicago, IL | $41,106,129 |
46 | Amy Duong Kim | Duong Kim Global – Compass | Chicago, IL | $38,797,886 |
47 | Lisa Nguyen | The International Group at RE/MAX Professionals – RE/MAX | Lakewood, CO | $38,592,985 |
48 | Janet Moore | Tampa Lux Group – Premier Sotheby’s International Realty | Tampa, FL | $35,988,627 |
49 | Yassi Jazayeri | Yassi & Associates – Keller Williams | Bellevue, WA | $35,341,644 |
50 | Jamie Younger | Long & Foster Real Estate, Inc. | Richmond, VA | $34,789,290 |
Top Loan Originators by Mortgage Units
Rank | Full Name | Company | City, State | # Closed Mortgages |
1 | Shashank Shekhar | InstaMortgage Inc | San Jose, CA | 400 |
2 | Karen Chiu | New American Funding | San Marino, CA | 297 |
3 | James Chen | Citizens Bank | Roslyn, NY | 261 |
4 | Nathan Sibbet | loanDepot | Sacramento, CA | 256 |
5 | Viral Vora | PNC Bank | Cupertino, CA | 211 |
6 | Tyler (Tu Ba) Nguyen | Bluegrey Mortgage | Tampa, FL | 206 |
7 | Judy Sakata | Sakata Mortgage dba of 247 Mortgage Loan LLC | Houston, TX | 198 |
8 | Joanna Yu | US bank | Los Altos Hills, CA | 190 |
9 | Choe Hung | US bank | Pasadena, CA | 188 |
10 | Kevin Oto | Green Haven Capital Inc. | Sacramento, CA | 177 |
11 | Ha Le Dao | DHI Mortgage | Sacramento, CA | 146 |
12 | An Le | Lifestyle Home Lending | Southlake, TX | 141 |
13 | Sunny (Meixu) Duan | Citi | Rockville, MD | 118 |
14 | Jasmine Cheng | US bank | Union City, CA | 110 |
15 | Michelle Kim | HSBC | Los Angeles, CA | 102 |
16 | Caroline Ke Liu | US bank | San Francisco, CA | 101 |
17 | Patrick Ly | Union Home Mortgage | Leesburg, VA | 82 |
18 | Daniel Dai | Lemonbrew Lending | Edison, NJ | 81 |
19 | Nick Chee Seng Leong | HSBC | Whitestone, NY | 79 |
20 | Anne Wiker | US bank | San Diego, CA | 78 |
21 | Jennifer Yang | Wells Fargo Home Mortgage | Torrance, CA | 76 |
22 | Meinoh Kim | BluPrint Home Loans | Fairfield, CA | 75 |
23 | Hai David Le | US bank | Fairfax, VA | 72 |
24 | Greg Louie | GFL Capital Mortgage, Inc | Henderson, NV | 71 |
25 | Sunny Kumar | US bank | San Diego, CA | 70 |
26 | Ray Zeng | HSBC | New York, NY | 69 |
T27 | Gennaro Bizzarro | HSBC | Yonkers, NY | 68 |
T27 | Aileen Hom | Wells Fargo Private Bank | San Mateo, CA | 68 |
29 | Kamal Sohal | Chase bank | Sacramento, CA | 67 |
30 | Bopha Phang | loanDepot | Stockton, CA | 65 |
Top Loan Originators by Mortgage Volume
Rank | Full Name | Company | City, State | Volume Closed Mortgages |
1 | Joanna Yu | US bank | Los Altos Hills, CA | $244,307,535 |
2 | Viral Vora | PNC Bank | Cupertino, CA | $221,839,038 |
3 | Shashank Shekhar | InstaMortgage Inc | San Jose, CA | $187,048,281 |
4 | James Chen | Citizens Bank | Roslyn, NY | $178,391,673 |
5 | Gennaro Bizzarro | HSBC | Yonkers, NY | $175,517,864 |
6 | Karen Chiu | New American Funding | San Marino, CA | $165,711,007 |
7 | Choe Hung | US bank | Pasadena, CA | $163,943,064 |
8 | Nathan Sibbet | loanDepot | Sacramento, CA | $124,232,591 |
9 | Caroline Ke Liu | US bank | San Francisco, CA | $118,631,590 |
10 | Michelle Kim | HSBC | Los Angeles, CA | $115,654,558 |
11 | Sunny (Meixu) Duan | Citi | Rockville, MD | $106,094,000 |
12 | Jasmine Cheng | US bank | Union City, CA | $101,242,343 |
13 | Aileen Hom | Wells Fargo Private Bank | San Mateo, CA | $96,474,112 |
14 | Kevin Oto | Green Haven Capital Inc. | Sacramento, CA | $82,155,712 |
15 | Tyler (Tu Ba) Nguyen | Bluegrey Mortgage | Tampa, FL | $75,702,929 |
16 | Jennifer Yang | Wells Fargo Home Mortgage | Torrance, CA | $71,624,460 |
17 | Hai David Le | US bank | Fairfax, VA | $70,711,136 |
18 | Ha Le Dao | DHI Mortgage | Sacramento, CA | $70,124,004 |
19 | Sunny Kumar | US bank | San Diego, CA | $66,618,844 |
20 | Ryan Dang | Wells Fargo Home Mortgage | San Mateo, CA | $65,306,558 |
21 | Roger Pei | HSBC | San Francisco, CA | $58,714,459 |
22 | Vanessa Liu | HSBC | San Francisco, CA | $57,556,052 |
23 | An Le | Lifestyle Home Lending | Southlake, TX | $54,609,986 |
24 | Judy Sakata | Sakata Mortgage dba of 247 Mortgage Loan LLC | Houston, TX | $49,708,616 |
25 | Dan Anacker | US bank | Bonney Lake, WA | $49,432,542 |
26 | Leena Sankary | US bank | Monrovia, CA | $49,367,062 |
27 | Ray Zeng | HSBC | New York, NY | $45,997,014 |
28 | Meinoh Kim | BluPrint Home Loans | Fairfield, CA | $43,294,216 |
29 | Bobby Saadieh | loanDepot | Morgan Hill, CA | $43,236,251 |
30 | Nick Chee Seng Leong | HSBC | Whitestone, NY | $40,491,013 |
ABOUT AREAA
Founded in 2003, the Asian Real Estate Association of America (AREAA) is a national nonprofit trade organization with more than 18,000 members dedicated to improving the lives of the Asian American, Native Hawaiian and Pacific Islander (AANHPI) community through homeownership. Visit areaa.org for more information.
Source: realtybiznews.com
It’s a fact: Buyer-side commissions are no longer a guarantee and no longer an entitlement. You can’t just assume you’ll be receiving a set percentage on every transaction.
Though this seems like a whole new stress-inducing worry for many real estate agents, the fact is that commissions have never been a set amount, just an expectation or a tradition in many markets.
Builders don’t all pay the same buyer-side commissions; some don’t pay any buyer-side commissions. For Sale By Owners are the same. It’s time to get better at proving your worth on the buyer side, because soon you may have to ask your buyers to pay all or some of your fee.
So how do you provide overwhelming value to your buyer clients? How can you become more comfortable asking for an exclusive buyer agreement and have an expectation to be paid for your hard work?
Fact: If you’re not doing anything for your buyers that they can’t do on their own, why would they hire you in the first place, much less pay your fee?
Goal: Provide such overwhelming value that you’re all they’re talking about to their friends! Repeat, referral, lather, rinse and repeat.
Here are the top five ways to provide value to your buyer clients.
1. Present to your buyer clients just like you would in a listing presentation.
Outline exactly what the buying process is, what your role is, what the homebuyer’s role is and how you’ll be working together to accomplish their goals.
More and more, you’ll start to compete for buyer business in a similar way you do for listings now.
2. Find them their dream home.
One of the top concerns for homebuyers as well as agents right now is the historic lack of inventory. It’s YOUR job, not theirs to find the right home for their needs. Stop waiting for them to send you a link to the house they want to see next. Drill down on their needs and get out there and find it for them.
Be more creative in your MLS searches. Change the search area, change the type of home or find an equally great school district to look in that has more inventory. Remove square footage as a requirement. Instead, look for a three-bedroom with a loft instead of only four bedrooms, for example.
3. Offer them solutions to get a better-than-average mortgage rate.
You don’t have to know as much as your competent mortgage lender does, but you should be able to competently discuss options, such as rate buy-downs, adjustable-rate mortgages and how to pay points to lock in a lower rate on a 30-year fixed mortgage.
Loop your buyer’s lender into the mix and have coffee with your buyer clients and the loan officer to discuss loan options that meet their goals.
4. Be a matchmaker.
You must be more proactive than your buyer is in the property search. If they’re dying to be in just one specific neighborhood, door-knock that neighborhood for them to uncover the next motivated seller.
If they are in a new construction price range but haven’t really considered it, go take a video of a home that could be a match for them and see what their thoughts are. If there’s a For Sale By Owner in their desired neighborhood and price range, go talk to that seller, take a video and set up a showing (before your buyer does that without you).
5. Be one step ahead of the process once they’re under contract.
This is where being proactive matters. Overcommunicate. Manage the inspection process so they don’t freak out over small items.
Help set up their utilities for them, recommend movers, homeowner’s insurance companies and anything else to alleviate stress. Show your value by making the process smooth and pleasurable instead of stressful and confusing.
Tim and Julie Harris host a podcast for real estate professionals. Tim and Julie have been real estate coaches for more than two decades, coaching the top agents in the country through different types of markets.
Source: housingwire.com