Housing Wire

NOVEMBER 29, 2021

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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Housing Wire

DECEMBER 16, 2021

As part of that, it’s important to understand that the due-diligence reviews performed on loan pools assembled for securitizations often make use of a process called loan sampling. The concept is simple: A random sample of loans is selected for due-diligence review from a larger pool of loans that often numbers in the thousands.

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Housing Wire

MAY 20, 2022

That’s why due diligence is a critical element of every mortgage transaction. The purpose of due diligence is to protect lenders by reviewing and verifying all information provided by borrowers to eliminate fraud and other concerns. Of all the factors required for a due diligence review, accuracy is the most critical.

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Housing Wire

MAY 15, 2024

The transaction is subject to due diligence, negotiation of definitive terms and other closing conditions. In January 2024, the bank suffered a confidence crisis after reporting a net loss in the last quarter of 2023 due to a provision for loan losses of $552 million, mainly impacted by its exposure to commercial real estate loans.

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Housing Wire

MARCH 15, 2024

CRE assets are subject to a myriad of regulatory requirements, zoning laws, and environmental considerations that don’t apply to home sales, requiring thorough due diligence and compliance measures. Instead, they’re leaving money on the table. Another could be, quite simply, that they don’t recognize the opportunity.

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Housing Wire

MAY 17, 2023

Incenter Diligence Solutions , a provider of due diligence and document management services for the mortgage industry, announced on Wednesday that it has expanded offerings for the mortgage servicing rights (MSR) trading market.

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Housing Wire

SEPTEMBER 13, 2023

A fly in the ointment, however, particularly for some independent mortgage banks (IMBs), is the elevated risk of agency loan-repurchase demands — triggered by loans that violate Fannie Mae ’s or Freddie Mac ’s rep and warranty policies due to some defect discovered during the agencies’ post-origination quality-review processes.

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Housing Wire

OCTOBER 10, 2023

She continued: “We did our due diligence and reviewed other brokerages. Compass continues to expand its agent count. Top-producing, Chicago-based team, Team Pimentel , announced Tuesday that it was leaving Keller Williams North Shore West to join the Robert Reffkin -helmed firm. Team Pimentel was ranked as the No.

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Housing Wire

JANUARY 6, 2023

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Some of these risks include: Minimum due diligence on a new loan population incurred from the previous servicer “Pre-existing” conditions (e.g.

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Housing Wire

DECEMBER 2, 2021

The imbalance has been particularly acute for third-party due diligence (TPR) firms that employ underwriters to review and assess the quality of loan pools used as collateral in private-label securitization deals. He also said his firm is working to “modularize” its approach to due-diligence reviews in the private-label space.

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Realty Biz

OCTOBER 23, 2023

Due diligence: AI can be used to automate the due diligence process for real estate transactions. Artificial intelligence is rapidly transforming the real estate industry, becoming increasingly accepted by both professionals and consumers. As a result, AI is rapidly transforming the real estate industry.

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Housing Wire

MARCH 22, 2024

After performing its due diligence to determine the market status and business opportunity that would come with entering the space, MCS CEO Craig Torrance believes that an entry into reverse could be beneficial for both his company and the wider reverse mortgage industry. It’s essentially a different world.

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Housing Wire

NOVEMBER 30, 2021

We’ve grown in excess of 100 employees already in two-and-a-half quarters, that’s underwriters,” said John Levonick, CEO of Charlotte-based Canopy , a third-party due-diligence (TPR) firm that started doing business in the second quarter of 2021. And we’re actively hiring. Are we planning to double the size of the firm every two years?

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Housing Wire

MAY 29, 2024

Multichannel lender New American Funding (NAF) is going big on reverse mortgages. As already evidenced by its ambitious new marketing campaign, “ Old Wives ,” the company is also aiming to streamline its existing presence in the reverse mortgage market. Chris Clow/RMD: We’re quickly approaching the halfway point of 2024.

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Housing Wire

SEPTEMBER 19, 2023

As someone who worked for a large, nationally branded brokerage for 30+ years, I had a front-row seat to many mergers and acquisitions. I would love to say they all went well, but they didn’t. We may also see more mergers as brokerages consider the mutual need to cut expenses through consolidations of staff, leases, and resources.

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Housing Wire

SEPTEMBER 14, 2021

“Our robust solutions span origination, servicing and capital markets segments, offering loss mitigation and loan modification services, document and critical borrower communications, title and settlement services, auction and REO asset disposition, verifications and due diligence. .

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Housing Wire

APRIL 22, 2021

“Plus, we’re a due diligence state, so right now if you don’t go way over listing price and offer a substantial due diligence price, there’s no point in even submitting an offer.” ” The current average due diligence is around 3.1% “You have to be quick. .

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Housing Wire

FEBRUARY 23, 2024

Conducting due diligence in technology selection A crucial aspect of bolstering cybersecurity is choosing the right tools and platforms for real estate transactions. Technology is at the core of everyday real estate operations. Many personal dreams and aspirations take shape in our industry, so safeguarding information is essential.

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Housing Wire

JUNE 15, 2023

Donatacci has extensive experience in servicing transactions and subservicing, due diligence, and M&A. National mortgage loan subservicer Cenlar FSB announced on Thursday that it has named the Thomas Donatacci as its investor relations officer.

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Housing Wire

OCTOBER 29, 2020

HousingWire recently spoke with Brian Simon, president of Trelix Mortgage Fulfillment Services, about how Trelix helps its clients work more efficiently while still maintaining compliance and performing due diligence. HousingWire: How do Trelix services help users minimize risks and perform loan due diligence?

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Housing Wire

AUGUST 25, 2021

MISMO’s new standard will improve the quality and consistency of the data sent to the rating agencies, which will in turn lead to faster, more efficient, and more accurate due diligence for private label RMBS. Industry professionals will soon be able to access and use the MISMO Rating Agency Reporting Standardization package.

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Housing Wire

OCTOBER 16, 2023

Vendors might not be as experienced with utilizing AI, so asking due diligence questions for for data security is also key, Joseph Zeibert, vice president of FICO , pointed out. Have we developed a model that is in fact fair? How do I start using it with other data sources we have? Millon said.

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Housing Wire

APRIL 26, 2022

In addition to crypto-mortgages, LoanSnap is a full-stack mortgage company that originates traditional mortgages as well. Our system I think is good enough that it can do not just the loans that we originate, but [loans originated by] other people,” Jacob said. It’s an open platform. To date, LoanSnap has originated about $7.3

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Housing Wire

FEBRUARY 22, 2024

Tiffany Fletcher: Real Estate Owned (REO), acquired by lenders , banks, or financial institutions typically due to mortgage loan defaults, involves the strategic marketing and sale of existing properties to mitigate losses on outstanding loans. Demand for existing homes — including REO assets — outpaces the available supply. territories.

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Housing Wire

JUNE 28, 2023

The document also notes that lenders can use a credit report to determine a borrower’s payment history, but “lenders must continue to conduct the additional due diligence necessary to confirm the borrower is current as of the note date.”

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Housing Wire

MAY 22, 2023

Setpoint , a real estate funding platform, acquired Resolute Diligence Solutions to support proptech and single-family rental re-engagement in the market, the firm said. Setpoint is helping these firms improve operational and capital efficiency.

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Housing Wire

MARCH 2, 2021

HousingWire: What are some due diligence and underwriting challenges loan originators face today? Steve Greenfield: Lenders have always faced certain challenges when meeting necessary due diligence and providing accurate underwriting services. With the pandemic, they can be even more difficult these days.

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Housing Wire

MARCH 21, 2022

It’s one thing to throw buzzwords like “due diligence” around when the time comes to build an M&A strategy, and yet, quite another to walk away with maximum ROI. It’s one thing to throw buzzwords like “due diligence” around when the time comes to build an M&A strategy, and yet, quite another to walk away with maximum ROI.

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Housing Wire

DECEMBER 9, 2021

Michael Franco, CEO of SitusAMC , which provides due-diligence services to RMBS issuers, said market dynamics have played a major role in the dominance of jumbo-loan securitizations in the private-label market this year. The amendments to the PSPA, however, were suspended in September of this year and are now under review by FHFA.

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Housing Wire

SEPTEMBER 13, 2022

The loan-level data and analytics provided by dv01 assists clients across the investment-workflow spectrum, from market due diligence to securitizations to performance analysis. Terms of the deal were not disclosed. Once the acquisition is completed, dv01, founded in 2014, will operate as a subsidiary of Fitch solutions.

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Housing Wire

AUGUST 14, 2023

“UBS was allegedly aware of these significant problems because it had conducted extensive due diligence on the underlying loans prior to the RMBS being issued to determine whether the loans were consistent with representations that would be made to investors. It acquired the rival this year for $3.4

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Housing Wire

MARCH 28, 2024

Strong underwriting protects lenders and consumers alike — and title insurance provides a key part of this due diligence. Homeownership is out of reach for many Americans because of the lack of affordable homes, regulatory burdens to development, and high interest rates – not the cost of title insurance. million in claims.

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Housing Wire

SEPTEMBER 29, 2023

There were no real surprises to be found in the transaction process that were not previously identified by prior due diligence conducted by Mr. Cooper, Bray added. This is according to Jay Bray, CEO of Mr. Cooper, in an interview on HousingWire’s Housing News podcast hosted by HW Media CEO Clayton Collins. “We’ve

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Housing Wire

APRIL 30, 2024

The truth is the cost of title insurance coverage has decreased nearly 8% over the last two decades due to innovation in the industry. During the refinance process, title insurance professionals would do their due diligence to disqualify any potential heirs who may attempt to claim the property down the road.

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Housing Wire

MARCH 22, 2024

Unlike many other metropolitan areas across the country , the housing market in Southwest Florida is comparably flush with for-sale inventory. “I We are seeing a healthy increase in inventory, which we really needed.” Smith attributes the uptick in inventory to a bump in new listings. In comparison, the average U.S.

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Housing Wire

OCTOBER 19, 2021

The companies behind these platforms – ranging from stalwarts like Black Knight and MCT , to startups such as Maxex and Maxwell – essentially connect lenders and investors, and also match them with critical services such as paper standardization and due diligence. “In 2021, we’ve had a record volume.

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Housing Wire

SEPTEMBER 21, 2020

in both its frontline underwriting and due diligence/QC underwriting departments. . in both its frontline underwriting and due diligence/QC underwriting departments. However, the company said that positions are permanent past the current mortgage cycle. HousingJobs is a curation of housing companies that are hiring.

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