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Service provider LERETA appoints new CTO 

Housing Wire

In his new role, Bledsoe will be responsible for the company’s technology innovation, design, infrastructure, application management and data service offerings. LERETA is a financial services company that offers a suite of nationwide real estate tax services for residential and commercial mortgages.

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‘There will be bank failures,’ Fed chief tells lawmakers

Housing Wire

banks to fail in the coming months because of declining values and defaults in their commercial real estate loan portfolios. We have identified the banks that have high commercial real estate concentrations, particularly office and retail and other [property types] that have been affected a lot,” Powell said. “We FDIC), banks held $2.78

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Polly announces AI integration into its pricing engine

Housing Wire

The PPE system is native to the cloud and is described by the company as “commercially scalable” through a series of customizable options. Lyra Waggoner , chief information officer at Movement Mortgage, noted that the LO co-pilot allows the company’s loan officer corps to reduce administrative work and find optimal products for clients.

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eXp Realty makes changes to its executive team

Housing Wire

Sean Murphy is eXp’s new senior vice president of commercial growth, while Nadia Habib was promoted to the role of senior vice president to oversee growth in Canada. Susan McClain was named vice president of agent success, a role in which she will focus on increasing agent support and satisfaction. 3 spot in the rankings. million in 2022.

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How High Interest Rates Are Changing Commercial Property Lending

Propmodo

This has been a perfect storm for the commercial real estate lending industry. Falling property prices and liquidity fears are causing banks to slow or stop lending on commercial properties. All of this combined to push commercial lending to a standstill. So, how has the industry adapted to this systemic shock?

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University Bank adds four reverse mortgage veterans to its HECM division

Housing Wire

Certifications, reverse posture Haviland and Droge have certified reverse mortgage professional (CRMP) designations from the National Reverse Mortgage Lenders Association (NRMLA). Obviously we have a forward lending division, we have the reverse mortgage lending division and a commercial panel, as well as an insurance company.

Banks 437
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Brokerage executives double down on their lead generation strategies

Housing Wire

Meanwhile, a customer relationship management system, along with experts in marketing, sales and other areas, are designed to support these teams, he said. “If Djon said these leaders are “at the top,“ with the ability to recruit other agents and override what the unit does, which is a way to retain these top-performing employees.

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