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Industry veterans launch Canopy in bid to shake up residential due diligence space

Housing Wire

Residential due diligence is an area of the mortgage ecosystem that’s overdue for disruption, according to two industry veterans who want to offer something completely different in the due diligence space through their newly launched company, Canopy. That’s why it has to be done over and over again.”.

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Loan buybacks haven’t disappeared, but they are trending down

Housing Wire

Non-QM vigilance Pamela Hamrick, president of Incenter Diligence Solutions , which provides due-diligence reviews and document management services for the mortgage industry, said that prefunding reviews are also gaining more traction in the nonqualified mortgage ( non-QM ) space.

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Underwriter shortage slowing the pace of private-label deals

Housing Wire

Underwriters are needed at the beginning of the process to conduct due diligence on mortgage originations, and they are in demand on the back-end of the pipeline to conduct due diligence on the loans being pooled and securitized in RMBS issuances sold to investors. RMBS market. It’s been an ongoing thing,” he said.

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Do the Due: A Complete Due Diligence Guide and Checklist for Homebuyers

HomeLight

As a buyer, that means you have to do your due diligence from both a practical and contractual perspective. What does due diligence mean in residential real estate? That’s why we’ve put together this guide to due diligence for a homebuyer. Free Homebuying Due Diligence Checklist. And it’s true!

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Regulation hasn’t caught up to generative AI

Housing Wire

Generative artificial intelligence (AI) has tremendous potential to cut costs and improve customer experience, but regulation has not caught up to develop a governance program, industry pros said of AI’s implementation in mortgage lending. Have we developed a model that is in fact fair? Millon said.

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Cenlar FSB names Thomas Donatacci as investor relations officer

Housing Wire

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. Donatacci’s former roles include executive vice president of business development at The Money Source Inc. Prior to joining Cenlar, Donatacci held executive positions at various organizations in the mortgage industry.

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AI Is Here to Stay as Real Estate Industry Shows Increased Signs of Adoption

Realty Biz

This information can be used by investors, developers, and other real estate professionals to make informed decisions. Due diligence: AI can be used to automate the due diligence process for real estate transactions. As a result, AI is rapidly transforming the real estate industry. What Does the Future Hold?

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